Post
Topic
Board Altcoin Discussion
Re: Thread: Main
by
ChuckOne
on 10/02/2014, 15:51:41 UTC
As I understand it, it arises as a result from low fees. A very low incentive to forge.
But system needs thousands of independent forgers across the world, while merchant community's rising up. But after that how do u insist forgers to install code that makes their buisness a waste of time?

Oh, sorry. I do not understand what you mean by: "do u insist forgers to install code that makes their buisness a waste of time" Could you paraphrase it?
Quote

IMO: better way is position forging as business. Someone'll bake bread, someone'll forge to secure Nxt ecosystem. I don't see so much difference. IT-business for everyone. And good way to redistribute money.

That's exactly my opinion, too.

I would compare forgers with banks. They keep the system running by verifying the transactions and the like. One thing I dislike about banks is that they create money (cf. https://bitcointalk.org/index.php?topic=193376.0) and therefore rely on an every-increasing industry. So, they push it forward.

Something I would like is a NXT ecosystem that relies on NXT but forgers aren't the ones pushing it forward. The ecosystem on top of NXT should do that.

So, in the end, they may get a piece of the cake to sustain the forging and a bit more of it but they shouldn't be given the power to create NXTs .