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Messages - ejt009

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Nxt General Discussion / Re: Price speculation
« on: August 06, 2017, 07:10:28 am »
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.

Nxt General Discussion / Re: Price speculation
« on: September 20, 2016, 05:26:54 pm »
Is there ANY reason why Nxt keeps dropping?  I'm just curious.  I know it's not had a good run of support for the past year (I mean, outside of the existing community, this isn't in regards to development) but with Ardor being a viable upgrade, I can't believe people continue to dump instead of holding Nxt for at least another month.

Personally, come early October I would expect people to start dumping because I'm sure that some people have been hoarding Nxt for Ardor distribution.  It would just make sense that some would dump because they are happy with their stake and don't mind waiting until next year to profit from their holdings.  However, Nxt just keeps going down.  This is so confusing.

Nxt had a big move up.  Nxt whales have always dumped the hell out of their hoard after every run up.  Our whales have a cash out before it's too late mentality.

Nxt General Discussion / Re: Price speculation
« on: August 25, 2016, 08:08:23 pm »

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.

Nxt General Discussion / Re: Peercoin - what value does it offer over NXT?
« on: September 18, 2014, 07:01:07 pm »
So far this year Nxt has experienced volatility of both up and down.  Peercoin, Ripple, and Litecoin have been in a major downtrend the entire year.  BitSharesX is up, but it might just be the latest fad.

The lesson all coins need to learn is how to make themselves useful to more people and quit worrying so much about the price.  Nxt has a lot of innovation, and that's going to have to continue.

Nxt General Discussion / Re: A longer reply to Jeff Garzik
« on: September 17, 2014, 05:26:58 pm »
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.

Nxt General Discussion / Re: [CORE] Current Development Efforts
« on: September 10, 2014, 11:25:24 pm »
This topic again...

Fees should be high enough to avoid any potential problems with spamming the network/blockchain, otherwise as low as possible. 

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.

Marketing Fund Committee / Re: Spend it all ASAP
« on: April 11, 2014, 12:31:23 am »
Current trend has more to do with being tied to Bitcoin then anything to do with Nxt marketing spending.  Right now people are assuming bitcoin will pretty much disappear and not paying attention.  We'll get more bang for our buck by waiting for excitement to come back into the virtual currency scene.  Buying expensive ads and article mentions at this time is a bad idea IMO.

Nxt General Discussion / Re: Come-from-Beyond == BCNext ?
« on: April 09, 2014, 06:45:37 pm »
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.

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"...  :D 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.

Nxt General Discussion / Re: Come-from-Beyond == BCNext ?
« on: April 09, 2014, 06:14:12 pm »
I'm not convinced either way, but I suspect they are one and the same.

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.

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

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.

Nxt General Discussion / Re: Name for 10^-8 NXT?
« on: April 03, 2014, 10:34:47 pm »
There doesn't need to be a name.  I'd suggest just using the standard prefixes for SI units. 

People who deal with numbers in this range would most likely say 10 nNxt (nano) or less often as .01 µNxt (micro).

If it must have it's own name then I'd suggest calling it a Federal Reserve Note to be funny.

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!  ;D ;D ;D


Knowing the genesis passphrase is interesting, but useless.

Ethereum is promising a flexible scripting language and Nxt implements an API (programming interfaces).  Maybe I don't understand, but I think the core of Ethereum will also need an API that will limit any scripting language that is put on top of it. 

If so, Nxt is better because programmers can use any language they want vs. the one pushed on them.

Ethereum is quite corporate with good marketing.  If their IPO is a big success it will probably drag the underground alternative Nxt up with it.  Ethereum may be another Ripple if they cater too much to their insiders.

Nxt General Discussion / Re: Advantages of Nxt over Bitcoin
« on: March 26, 2014, 11:35:39 pm »
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.


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.

Right now 90%+ aliases registered seem to be just squatted in anticipation that they may someday be valuable as an alternative domain.  I lost interest in them after seeing the situation.  They were way too cheap to register and, of course, should have been made to expire.

We could just leave it be and someday develop user-alias 2.0 and/or alt-domain 2.0 to try to improve upon the first iteration.  Or someone can use the asset exchange to try and develop a better alt-dns system.  The hard part would seem to be getting enough users interested in the system to make it viable.

Nxt General Discussion / Re: price speculation
« on: March 24, 2014, 03:02:04 am »
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.

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