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Showing 11 of 11 results by AdamaBit
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Board Altcoin Discussion
Re: what do you think of NXT
by
AdamaBit
on 06/01/2014, 23:42:13 UTC
Yeah but in ten years time I doubt anyone will be using it AOL anyone.
And Ripple I can't get my head round.
Which kind of says to me that the vast majority of the public won't either.
So, sorry ripple but that's one I didn't invest in... if I'm wrong then so be it, I'll kick myself, get over it, live the rest of my life using ripple, then die. And in a few billion years the world will get burnt up and nothing will matter and this thread will be lost forever.
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Board Altcoin Discussion
Re: what do you think of NXT
by
AdamaBit
on 06/01/2014, 23:33:37 UTC
What unique value does that apple have over that apple.

-Erm well I like the taste of that apple.
-And I like the taste of that apple.
-Okay then you have that apple and I'll have this one.

Moving on...

Actually to be honest who knows. Look, one of these new currencies is going to catch on. Personally I couldn't give a flying fuck which one does... actually that's not true, I just want the best one to win out. Which one that is right now, like I said who knows. It's a speculators market.

I like eMunie as well. Looks good from the outside.

As long as one of these takes hold and the whole world ends up using it and stops using fiat that's all good really.

I'm starting to think that a lot of these trolls are being paid for by the banks in some way... probably with alt currencies!
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Topic
Board Altcoin Discussion
Re: what do you think of NXT
by
AdamaBit
on 06/01/2014, 23:16:04 UTC
Dude the whole world's a scam.
Where've you been for all of your seventeen years on this planet.
Besides I like being a puppet for the man.
Better than thinking for myself.
Like buying crypto currencies and hoping to become a millionaire overnight without having to do anything for it.
Sorry go to go someone's pulling my strings...
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Board Altcoin Discussion
Re: what do you think of NXT
by
AdamaBit
on 06/01/2014, 23:08:56 UTC
It is a trap that a lot of people are trying to get out of.

https://bitcointalk.org/index.php?topic=401028.0

It's a trap that you're trying to get out of... I'm not. And if it is a trap and I lose some money that I'm prepared to lose anyway otherwise I wouldn't have invested it so what.

So just get out of it and stop bitching like a little girl about how everyone else is making money apart from you.

Like what you doing here?

I guess you're just trying to be a good citizen and show people the error of their ways. People won't change for you mate. Live your own life and stop whining that the world is unfair. WE all know that and just suck it up.

In fact if you're so pissed off about it all why don't you steal some code put out your own coin and distribute it freely to everyone on the planet and see how that works out for you.

Weirdo.
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Topic
Board Altcoin Discussion
Re: what do you think of NXT
by
AdamaBit
on 06/01/2014, 18:44:36 UTC
Yeah the client is a bit of a nightmare.
When they get one that works (mine doesn't even open on my Mac) I think it will appeal to alot more people.
But you gotta be patient in this game. It's just people working for free in their free time to set something up.
The guy who runs dgex.com gets so much stick. But it's just him and one other in their bedrooms probably!:)
I look at all these as long term investments. Like a year or two at least.
But everyone wants to be a millionaire tomorrow and doing nothing for it. It's like the Xfactor here!

I like that you did your research! I look at the 800+ page thread  every day to stay up to date. So much is happening there. It seems a little chaotic and unorganised, but hey, NXT is only learning to walk right now. A better and more streamlined client will be released in 4-5 weeks. For most alt-coin inverstors that's already too long, that's understandable as everything in crypto currencies is changing so fast! It's an evolving and new market, it's difficult to  distinguish the "good" (meaning suitable for long term investment) from the "bad" (meaning pump-n-dump or real scam) coins. Many see the buggy client and turn to another coin with a better looking client, this will eventually change.

It's not just about the client, but about the ideas behind NXT!

  • POS is a great approach, much better than wasting soo much power on bitcoin mining and less prone to attacks. (yes yes, the problem is the distribution. But almost any currency has this problem that few hold a lot)
  • Fast transaction, always good.
  • The Alias system is like an advanced decentralized DNS server, with many appliations.
  • Transparent Forging is very cool! Makes even a 51% attack impossible.
  • Decentralized Asset exchange and coloured coins will be killer features!
  • Voting system, they like democracy.
  • Arbitrary messaging is nice to have

The list doesn't stop here
I am amazed how motivated and innovative, and intelligent (sometimes I only understand half of the tech talk in the main thread Cheesy) the community behind NXT is!

Maybe it will fail, maybe a better coin wil overtake it, but for now the chances seem to be in favor of NXT to me. That's why I boought some.

Exactly. The right attitude to all this.
I loved reading the original thread (80 pages. It took a few days of lying in bed with a cold reading my iPad!!!)... The 800 page one is probably too much now.
And yeah I love their (our's now seeing as we have both bought some coins) community spirit, very inspiring for me as a filmmaker. You get the same 'family' feeling on a set.
But like you say there's a lot of great stuff in there that the general public will warm to more than with Bitcoin.
eMunie is another one to look out for... Going for more of a long term currency that could really take on the world rather than all these alt coins that are looking for a quick buck.
It really is like the .com bubble... only a few will survive. But there's money to be made until that happens.
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Board Altcoin Discussion
Re: what do you think of NXT
by
AdamaBit
on 06/01/2014, 18:36:11 UTC

Do you believe the market will accept 70 shareholders? He could easily waited and gotten 700 shareholders, Heck, he could wait and get 7000. I've done my reasearch Wink The "anyone could sign up for it" argument falls too short.

...and waited, and waited, and waited until someone issues the same concept coin before him. In these days every minute counts, look how many coins are appearing everyday. That's the paradox of a new technology: to make an ideal distribution you must invite a lot of stakeholders on the list. To invite a lot of stakeholders, so no one complains in the end (but there still be someone, believe me) you must have time... but technology never waits and you risk losing your innovative position.

Yeah everyone bitches about not being in on the first level.
If you'd read all of BCNext's posts (which I did) you'd see that lots of people wanted to give him more coins, and not just one at the most, which he put the cap on. But he wasn't motivated by that he just wanted to get the coin out there, he could have taken alot more of people's money, hell if I hadn't have come late to the party I would have jumped on in there and taken a punt on him. But he actually only wanted 21 BTC's so that it mirrored satoshi's 21 million BTC's! He's kinda of kooky and probably a bit of a genius (used lightly). But I liked his enthusiasm and paranoid personality. (He got a call on Skype from someone saying that they were the police and then stopped posting).

And a lot of those initial shareholders are now running NXT sites. And have put a lot of work in to it all. So I kinda think they deserve it. Graviton who runs dgex.com and nextcoin.org probably hasn't had much sleep in the last month or so.

And yes I do believe the market will accept 70 shareholders because it's a good product. Everything only needs just a few shareholders to start it off. If the whole world was in it from the beginning who you gonna sell to?
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Board Beginners & Help
Re: dgex.com
by
AdamaBit
on 06/01/2014, 18:12:33 UTC
I put some BTC in and traded with it almost instantly.
The NXT coins were in my account within minutes as well.
It's a couple of guys doing the best they can.
Trouble is the Mac client (there's a few of them) is pretty rubbish so had to leave my coins in there.
If they go they go! What you gonna do.
It's all a rick right now but I really like there concept.
eMunie is looking good as well.
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Board Beginners & Help
Re: My first post on my 2+ year old account
by
AdamaBit
on 06/01/2014, 16:12:47 UTC
Well I was told to invest when BTC was $14 and I had £5k to put in to it.
I read up on it all, got excited, tried to join a few websites to trade, found that it wasn't actually that easy to get your money in to them as they were foreign, especially as I was GBP, then sort of gave up and forgot about it all for a few months.

Then my mate who told me about them in the first place (actually I think I had heard about Bitcoins ages ago) and mines them reminded me about them when they were $200 or so. I looked in to it again then saw them crash to $90 so thought 'man this is a volatile business to be in' so didn't do anything about them again! Then after keeping an eye on them for a few months and doing even more research and found a couple of good UK based trading sites like Bitbargain and Bittylicious eventually bought a few at about £500. Then saw them go up to £800 or so for a week then they crashed through December!

But I'm in it for the long haul now. Although I do think that eventually a different coin or system will be the one that is adopted by the world in the not too distant future. But I do believe this is the future. Like why wouldn't we adopt this system.
Why give our money to banks for them to gamble with and make huge profits out of while giving up 0% on our accounts, actually they even charge now for most accounts.
Although I think that banks and fiat could work alongside each other. We use crypto for our savings and money we want to control and spend and fiat we give to the banks and say okay if you want to leverage it up x10 and basically gamble with it then okay but our returns/interest should be much higher.

Anyway now I've got a few hundred of about 10 different coins and am hedging for a few years to see which one takes off. Nxt and eMunie get my vote right now.
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Topic
Board Beginners & Help
Re: MtGox withdrawal hell? Anybody getting fiat out?
by
AdamaBit
on 06/01/2014, 15:47:23 UTC
Dude it took me a month to get my 1.4 BTC out of there!
A couple of times they asked me to send in my verification stuff again. Saying the ones I had sent were out of date... They weren't! I thought it was some sort of delaying technique. Why, I don't know.
I started sending messages everyday. I know this just goes to clogging up their system and actually I then just got a lot of emails telling me they had merged my requests. Like why not just sort the matter rather than waste time merging my emails!!!
Anyway eventually they verified me (whether this was due to my email harassing technique who knows?) and ten minutes later I had withdrawn my BTC's.
A mate has been waiting months to get fiat out!
You just got to be patient I guess.
Post
Topic
Board Altcoin Discussion
Re: what do you think of NXT
by
AdamaBit
on 06/01/2014, 13:44:17 UTC
Yeah the client is a bit of a nightmare.
When they get one that works (mine doesn't even open on my Mac) I think it will appeal to alot more people.
But you gotta be patient in this game. It's just people working for free in their free time to set something up.
The guy who runs dgex.com gets so much stick. But it's just him and one other in their bedrooms probably!:)
I look at all these as long term investments. Like a year or two at least.
But everyone wants to be a millionaire tomorrow and doing nothing for it. It's like the Xfactor here!
Post
Topic
Board Altcoin Discussion
Re: what do you think of NXT
by
AdamaBit
on 06/01/2014, 13:27:38 UTC
I spent a good few days reading the original Announcement (80 odd pages, before it got updated to another thread which is now 800 odd pages!) which lead me to signing up here. Very interesting stuff. You really get to know the developer in a weird way.
The 70 odd shareholders were only allowed to put in up to 1 BTC each. Alot offered alot more but BCNext, the dev, didn't want their money really he was just intent on developing a new coin not using the original BTc source code. So he capped investment to 1BTc each shareholder.
I liked his concept and if I had known about it when he first posted a few months ago I could have been one of those shareholders and so could anyone else.
As far as I can see it's about keeping up with what's new and jumping on board if you like the concept. And the concept of Nxt is that you have to have alot of coins in circulation to begin with and you sort of earn interest on them in your wallet. Which I think is cool much like a bank system. Better than mining them I think, which is kind of elitism.
Anyway I've noticed alot of posts say stuff without doing much research!