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The point of this ICO is surely to raise cash to finally give the development team reasonable funding.  But, because they are using the NXT platform for the ICO (which is interesting) they are going to end up with a lot of NXT and INGIS tokens.  The only way for them to get cash is to sell.  Their timing is somewhat fortunate for once in that crypto is in a huge bull market, so hopefully buyers will show up for them, but I don't think it's a guarantee. 

I sold my position today (held over 3 years), and I'd urge Jelurida to halt this ICO (which is a bit of a disaster) and just give an unlimited cap for an hour and take BTC or Ethereum at a set price.  You'll make money and you won't have to sell NXT or INGIS hoping for buyers to be there.

Being somewhat corporate can be a good thing if the governance is able to act and make a course correction when needed.  This ship looks like it's headed for an iceberg to me.

The price should continue to slowly fall, day by day, in a linear fashion in lockstep with time until the snapshot period ends. If a whale wants to sell, there will always be buyers to step in at a price that corresponds with the intersection of value and remaining snapshot days.

That's sort of mature stock prices change with a dividend's "ex-dividend date".  I don't know if applies here though.  Alt-coins are much different.  They are far more volatile.  A lot of their value depends on how familiar the rest of the world is with the tech , e.g. Dogecoin relative success seems to be merely a result of people liking the name and branding more than the 100s of other similar bitcoin clones it out competed.  The new attention Nxt is receiving lately because of this interesting "3 months ex-dividend" may actually increase the value of Nxt over that time period.

Good publicity. 

Garzik makes a couple of small good points, but he should probably spend more time worrying about the problems with bitcoin than focusing on Nxt.

It would be nice if there was a link to the diff published with each new release.  May not solve all the trust problems, but making it that easy would get more people looking at the code changes.

2 and 3

A deal was already made and he broke it.  There should be no more negotiations IMO.  Best option is to try and track him down and have him arrested.

Quote from: ejt009 on April 09, 2014, 06:14:12 pm

Pros:
Both Russian and are "founders" of Nxt.  Never seen together at the same time.  No proof that they are different people.  Lots of evasiveness on the question.

Is BCNext Russian?

I thought I read that somewhere.  Might have been just speculation.

Quote from: ejt009 on April 09, 2014, 06:14:12 pm

Cons:
Come-from-Beyond talks about BCNext as if he's a different person and CFB seems honest enough.

"Don't trust strangers on the Internet, especially if their name is BCNext"...  So if I am BCNext then I warned u and my conscience is fine.

Yeah that statement always makes me fearful, but it could mean anything.  Was he referring to his alter-ego or his secret backdoor into my Nxt account?     I'm hoping it was the alter-ego thing.

I vaguely remember some discussion of this on the massive bitcointalk thread and that was pretty much the conclusion.  Nobody really mentions it as a vulnerability.  I suppose if a bug gets into the system that ignores a negative sign on a balance then someone might be able to cause some mischief.

The Genesis Account Number and Genesiss Account Passphrase are publish in the Nxt Glossary* for those interested. It was cracked by a friendly hacker/security expert to much congratulations.

Why is the Genesis Account Passphrase being public an important milestone?

Here are my guesses:

i) It isn't important!
ii) It is needed for a feature (transparent forging?) to work correctly when fully implemented
iii) It allows third party software developers access to the Nxt blockchain


Does anyone know?

Place your bets people! 



*http://wiki.nxtcrypto.org/wiki/Glossary

Knowing the genesis passphrase is interesting, but useless.

This is most frequent question of people who know Bitcoin, but don't know Nxt.

Please write here some short sentences that we will be presenting on posters, in articles, videos, etc.

thanks

The Bitcoin network is secured by powerful specialized server farms competing with each other to perform useless calculations.  The Nxt network is secured by average computers that don't need to perform useless calculations.  As a result Nxt is more decentralized and not suceptible to being taken over by a large bank or government that has the ability to buy the most powerful server farms and gain control of the bitcoin network.

BTC nor Nxt has any positive momentum from a price standpoint.  Might mean it's a good time to buy.  The development and adoption of both still seems to be going well.  Probably just a matter of time before we see higher prices.  I think it might be awhile though.  So hard to predict.  I'll guess we hit 35 cents this year and a dollar in 2015.