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Showing 20 of 1,066 results by ChuckOne
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Board Altcoin Discussion
Re: any great coin to invest?which coin will go up in value?
by
ChuckOne
on 23/04/2015, 17:07:33 UTC
any great coin to invest?which coin will go up in value?

Value? Nxt.

Price? I don't know.
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Topic
Board Altcoin Discussion
Re: Why is NXT not the number 2 coin?
by
ChuckOne
on 23/04/2015, 17:00:43 UTC
I have one word for you

i have one word for you;

over complicated, over-hyped shitcoin  Wink

i have to agree NXT is a shitcoin... as it is quiet worthless... thats if you only care about the coin itself.... But the NXT platform and ability for devs to tap into the system is going to be the game changer.

The platform's security relies on this shitcoin.
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Topic
Board Altcoin Discussion
Re: Why is NXT not the number 2 coin?
by
ChuckOne
on 23/04/2015, 15:46:07 UTC
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Topic
Board Altcoin Discussion
Re: NXT coin - A total scam?
by
ChuckOne
on 09/04/2015, 18:26:22 UTC
Besides that obvious fraudulent nature of the whole NXT operation from the start up to date, the endless vapourwares and pathetic assets on their "exchange", NXT offers nothing that is not possible to achieve with Bitcoin and for that reason the operation makes no sense whatsoever in a market where the lead status of Bitcoin is pretty much established.
Even Bitcoin is having serious problems with acceptance from real world users, after 6 years we have less users than a dating site. As we see, it will be hard work to achieve a wider acceptance even for Bitcoin. I am not sure what makes think NXT users that a shady scam operation can win over users which Bitcoin couldn't.

Holy crap. Calm down, pal. It is not a matter of life and death.


Bitcoin is an amazing idea realized. It could have failed and still can.

Same goes for Nxt.


Both showed the world what is possible. It's up to the world to decide which concepts are necessary, useful and therefore will survive.
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Topic
Board Altcoin Discussion
Re: NXT coin - A total scam?
by
ChuckOne
on 09/04/2015, 18:22:12 UTC
@altcoinUK

Before I invested in NXT I went over the still manageable amount of NXT threads on this forum for many hours, time and time again.
I checked the incoming transactions on 1BCN1ugdKdWd9pQ8Am9hMhtHZfmbXzxE8a and tried to find out who-is-who. Many founders could be identified easily and many after investing some investigative work.

There is still a lot hidden or unknown to me, but calling NXT a scam founded by a "handful of people who created the original 73 shill accounts" actually insults my intelligence.

Nobody caring that Satoshi collected vast amounts of BTCs? Oh sorry, nevermind.
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Board Altcoin Discussion
Re: Erik Voorhees favors NXT
by
ChuckOne
on 09/04/2015, 18:00:13 UTC
Like it or not, NXT has a very strong community backing it up

If it were true, why would you be making this statement? 

Because it's true, and the obvious has to be stated sometimes for the more dense among us.

NXT is an interesting experiment and I salute the experimenters.  The question in my mind is: what incentive is there for stakers to secure the network?  It seems the coinbase rewards are nil.  So, it is a combination of altruism and simply the desire to keep the network alive to maintain the value of holdings.  Is this enough?  We will find out. 

Nxt represents a mature Bitcoin network where the mining reward equals total fees of a block's transactions.

So, Nxt will offer a glimpse into the future of whether Bitcoin would be able to sustain itself or not.
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Topic
Board Service Announcements (Altcoins)
Re: [NXT] Nxt Technology Tree - Next release: v1.5 *Voting* AND *Multsig*
by
ChuckOne
on 18/03/2015, 17:27:36 UTC
2FA in Nxt will be realized with hashchains.


What if I have a smartphone app that has a secretphrase encrypted with the data in a qr code kept somewhere else, then I need to scan that qr code to decrypt the secretphrase, the app signs the transaction bytes with it and then discards the secretphrase and qr code data.

This isn't true 2FA. In 2FA the code is generated dynamically, so it changes every 30  second and can't be reused.

What you describe here is static password in the phone that you are scanning instead of typing.

That isn't 2FA

Nxt client never saves the password  anyway, so if you don't like typing that password, you can write an app that scans it instead. Same thing. This isn't 2FA
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] - ELEMS - NXT MS Mintable Coin - No Premine - No IPO - Fair Distribution
by
ChuckOne
on 11/01/2015, 23:35:21 UTC
But this thread is not a giveaway in the sense of giving away ELEMS. It is more like a starter kit.
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Topic
Board Announcements (Altcoins)
Re: [ANN] - ELEMS - NXT MS Mintable Coin - No Premine - No IPO - Fair Distribution
by
ChuckOne
on 11/01/2015, 22:36:31 UTC
I don't understand NXT, this coin can be mined by miner or not? Simple question.

NXT no.
ELEMS yes.
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Topic
Board Altcoin Discussion
Re: I want to make a new coin.....
by
ChuckOne
on 05/01/2015, 20:05:58 UTC
I know there have been thousands of knock offs of Bitcoin but I want to make my own coin. I have some ideas which will hopefully make it a distinct coin and a legit coin which will actually be worth something. Unfortunately, I don't have the skills as far as programming and other things to make it and I was wondering if anyone was willing to help

Use Nxt Monetary System. That will allow you to create your own coin without programming knowledge.
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Topic
Board Announcements (Altcoins)
Re: Nxt Monetary System launched: Now on Nxt Testnet!
by
ChuckOne
on 21/12/2014, 16:38:05 UTC
Why not just use NXT itself?  What utility will this feature provide?

Different properties than NXTs.
Different use-cases than NXTs.
Diversification.

Ah yes, and brings a bit of sidechain flair to Nxt. Wink

glad Im not the only one who saw that.  and with the way BTC seems to be foundering on the subject, my guess is MS will come out long before sidechains do

Indeed.

We also cover use-cases that otherwise would have people required to wait for Ethereum. So, people can use Nxt and get started with their local currency project.

Nxt might not offer a 100% flexible solution but it is flexible enough to cover 90% of the use-cases.
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Topic
Board Announcements (Altcoins)
Re: Nxt Monetary System launched: Now on Nxt Testnet!
by
ChuckOne
on 21/12/2014, 16:30:50 UTC
I don't really see why it would be better for crowdfunding than the Asset exchange... or digital good store if you prefer a stable price.

Because you can set a block height so if your target crowdfunding Nxt goal isn't reached, the MS coin isn't created and everyone gets their money back (called Reservable).

Something like this would have saved people a fortune lost in IPOs for undelivered coins.


Would have saved me some BTC (I knew I was gambling so it didn't bother me much)

What brings us to the question why invest in a currency in the first place? Investing in an asset on the Nxt Asset Exchange makes sense to support the venture behind it. But why did you invest in currencies?
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Topic
Board Announcements (Altcoins)
Re: Nxt Monetary System launched: Now on Nxt Testnet!
by
ChuckOne
on 21/12/2014, 16:27:09 UTC
How customizable will MS coins be when it goes live on testnet?  I know we have a few set options like POW and Coin Mixing, but will we be able to add advanced features via API or will more options just be added by devs in future releases?

Right now, we go for a "just to be added by devs".

But:

Chuck, am I right to think that other properties can be added in the future? Depending on what people want/dream up?

That is true. However as with every decentralized currency (which those Nxt Currencies will be), they start with a social contract. That is, people will only have faith in the newly created currency when they can trust the stability and adherence to the social contract of the currency.

Currencies of the MS are not supposed to change once they are created AND in production.

Only new currencies would enjoy new properties later introduce than those initial ones.


But yes, people are free to suggest and to shape the decentralized nature of the Nxt economy platform.
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Topic
Board Marketplace (Altcoins)
[BOUNTY] Break Nxt Testnet to Harden MS, Dividend Payments and Alias Deletion
by
ChuckOne
on 21/12/2014, 12:45:36 UTC
Post
Topic
Board Announcements (Altcoins)
Re: Nxt Monetary System launched: Now on Nxt Testnet!
by
ChuckOne
on 19/12/2014, 17:55:35 UTC
I don't really see why it would be better for crowdfunding than the Asset exchange... or digital good store if you prefer a stable price.

Because you can set a block height so if your target crowdfunding Nxt goal isn't reached, the MS coin isn't created and everyone gets their money back (called Reservable).  With Assets, people buy the Assets and their money is gone regardless if the target is reached. 

We also need to check how certain features will get used out in the wild. Smiley
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Topic
Board Announcements (Altcoins)
Re: Nxt Monetary System launched: Now on Nxt Testnet!
by
ChuckOne
on 18/12/2014, 22:13:49 UTC
Did someone say decentralized crowd funding platform?

You can say that again!  Grin

decentralized crowd funding platform
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Topic
Board Announcements (Altcoins)
Re: Nxt Monetary System launched: Now on Nxt Testnet!
by
ChuckOne
on 17/12/2014, 23:35:39 UTC
Crowdfunding in completely transparent and decentralized way? Sounds like a great use case to me, more ideas will come, I'm sure.

Indeed. People should know about this. I wrote an [img=http://nxter.org/nxt-for-financial-experts-local-groups-and-cryptofans/]http://article[/img] but I think we need to address directly the people who need such a crowdfunding platform. There are so many people out there and when I talk to them and explain all of this, they simply say:

"Why does nobody know about this?"

And I am like: "??" I do not know what to answer then.

I don't really understand the PoW minting inside PoS currency, but hey, old habits die hard I guess.

Cheesy Sure but all people are welcome.
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Topic
Board Announcements (Altcoins)
Re: Nxt Monetary System launched: Now on Nxt Testnet!
by
ChuckOne
on 17/12/2014, 23:30:12 UTC
ORA will be launching as an MS currency in the not too distant future!

What do you further plan on top of ORA? Will it have some special properties?

We're still working on that, and actively taking suggestions. The core ORA team have been brain storming for quite a while, and it's like our holy grail, "what will people use ORA for, what problems does it solve, how does it make people's lives better?".

We're working on the assumption that we don't necessarily have to have all the answers before we proceed, as long as it's really really obvious to everyone that we're NOT a scam or joke, and so investing time & effort into ORA isn't going to be a bad experience. I think after more than 6 months, with no IPO/ICO etc it should be obvious that we're serious about this project, and our invitation to everyone and anyone to join ORA is sincere.

We don't have ALL the answers (or even the majority of them) but we have built a decent community framework so far, and that gives me confidence that over time new people will join ORA, and some of those people WILL have great ideas!!

ORA is a starfish, no leader, just a trajectory Smiley

I look forward to your suggestions and conclusions. I guess ORA could be a blueprint currency when MS is released on the mainnet. Others could be inspired for their own currencies.
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Topic
Board Announcements (Altcoins)
Re: Nxt Monetary System launched: Now on Nxt Testnet!
by
ChuckOne
on 17/12/2014, 23:28:16 UTC
Exciting times!

ORA will be launching as an MS currency in the not too distant future!

For details, and to join in the discussion please follow the links in my signature!

All are welcome!!

Oh, I did not know that. How come?

We decided that MS system has everything we needed, and no real disadvantages.

Nice. That would I call a satisfied customer!

Credits go to the devs.

At the moment we're working on a proposal suggested by coinsolidation (bitmark dev) to let holders of dead & dying alt coin 'burn' their coins in exchange for ORA coins.

ORA has been trading on the NXT AE for some time now, but ORA stakes were initially distributed for FREE or in exchange for people contributing effort, and we want to continue with that 'vibe', and letting alt coin holders burn effectively worthless coins in exchange for ORA lets us increase our community size, and it doesn't require us taking money from people, but does offer a method that prevents abuse. It might also compensate some people in a small way for 2014 losses.

There's still a lot of details to work out, and we welcome opinions from ALL comers!

ORA community is very small, but still active Smiley

Yes, the social contract of ORA will be very important for its future.
Post
Topic
Board Announcements (Altcoins)
Re: Nxt Monetary System launched: Now on Nxt Testnet!
by
ChuckOne
on 17/12/2014, 23:26:08 UTC
Chuck, am I right to think that other properties can be added in the future? Depending on what people want/dream up?

That is true. However as with every decentralized currency (which those Nxt Currencies will be), they start with a social contract. That is, people will only have faith in the newly created currency when they can trust the stability and adherence to the social contract of the currency.

Currencies of the MS are not supposed to change once they are created AND in production.

Only new currencies would enjoy new properties later introduce than those initial ones.


But yes, people are free to suggest and to shape the decentralized nature of the Nxt economy platform.