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2) For Freezing accounts we need MINIMUM THRESHOLD OF 75% VOTES -- 750 Million Nxt....if we get 749,000,000 ...no freeze.
3) To destroy we need MINIMUM THRESHOLD OF 90% VOTES -- 900 Million Nxt[/b][/color]
In my point of view it'd not exist at all.3) To destroy we need MINIMUM THRESHOLD OF 90% VOTES -- 900 Million Nxt[/b][/color]
I second that!
Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.
Epic....
Why?
Do you think it's a bad idea?
its a bad idea. there is no difference if you mined with 10 coins or pooled your 10 coins. you'll earn the same amount. and not have just sent them off to a stranger.
I can see the difference.
If a joint account (pool) accumulate a lot of NXT,
thus raises the chances that it will block mined.
If the excavated block, everyone is in the pool gets a reward
For example:
1st) You have 10 chances to NXT = extraction block: 0.00% almost nothing
2nd) You have 10 NXT add them to the pool = chance of extracting a block in the pool: eg 1.00% it depends on how NXT is already in the pool
10 coins is 0.00. 0.00 added to 10million means you still have nothing. Do you think the holders of the 10million are going to pay you out more because?
What do others say? What do you think?
Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.
Epic....
Why?
Do you think it's a bad idea?
its a bad idea. there is no difference if you mined with 10 coins or pooled your 10 coins. you'll earn the same amount. and not have just sent them off to a stranger.
I can see the difference.
If a joint account (pool) accumulate a lot of NXT,
thus raises the chances that it will block mined.
If the excavated block, everyone is in the pool gets a reward
For example:
1st) You have 10 chances to NXT = extraction block: 0.00% almost nothing
2nd) You have 10 NXT add them to the pool = chance of extracting a block in the pool: eg 1.00% it depends on how NXT is already in the pool
Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.
Epic....
Why?
Do you think it's a bad idea?
Since most transaction fees obtains the one who has the most to the NXT account.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.
I established this account: 5116094607402271611
It is a fund (or pool if you want).
I plan to collect on it as much as possible NXT.
If you find this interesting and want to join, send as many as you like NXT (min.10 that it had any relevance)
Once mined some NXT will be divided in the ratio of investment by individual contributors.
Thanks to all for your interest.
user1922,
We are having a discussion here, I apologize for any feeling of being brushed off as a freeloader. The forum has been "ddosed" by a guy named yuriygeorge and I think people are responding to you as if you are his clone.
Anyway, extensibility!
OK, so we know BTC can do payments, like paypal, just slower but without worry about transactions being reversed. Some like this others don't. Regardless if you want to change anything about bitcoin, well it is easier to just make it a new coin and that is exactly what has happened, litecoin, namecoin, 100+ others.
None of these coins can coexist with each other at the protocol level. Meaning they need different server daemons, different wallets, etc. Let's ignore the wasteful mining aspect, that is not what you asked. So I hope that explains how BTC is not extensible. Changing BTC creates a new altcoin. Now the more technical of you will probably point out that it is possible to update bitcoind globally and get new features added to bitcoin. To them I say, show me how you can get all the miners to agree to this short of a catastrophic bug.
Clear enough on BTC's shortcomings in this area?
Now for NXT, when it first was released, it had the payment ability. Faster than bitcoin so better, but essentially the same functionality.
In less than a month namecoin functionality was added. This immediately boosted market prices for NXT to around namecoin market cap. This is not simply because namecoin functionality is so good, it is because it showed the ability of NXT to do an update and gain a new functionality. Let's see any other altcoin or bitcoin do that.
the other thing it did was make clear that if there is a service, people will use it and spend NXT like drunken sailors. All the transaction fees then get distributed randomly to the lucky lottery winner of that block (approx minute). While the big NXT holders tend to win most lotteries, even very small holders eventually get some and this redistributes NXT, it also makes it a built in dividend reinvestment program, and makes NXT the only crypto that has a positive yield.
James
We are having a discussion here, I apologize for any feeling of being brushed off as a freeloader. The forum has been "ddosed" by a guy named yuriygeorge and I think people are responding to you as if you are his clone.
Anyway, extensibility!
OK, so we know BTC can do payments, like paypal, just slower but without worry about transactions being reversed. Some like this others don't. Regardless if you want to change anything about bitcoin, well it is easier to just make it a new coin and that is exactly what has happened, litecoin, namecoin, 100+ others.
None of these coins can coexist with each other at the protocol level. Meaning they need different server daemons, different wallets, etc. Let's ignore the wasteful mining aspect, that is not what you asked. So I hope that explains how BTC is not extensible. Changing BTC creates a new altcoin. Now the more technical of you will probably point out that it is possible to update bitcoind globally and get new features added to bitcoin. To them I say, show me how you can get all the miners to agree to this short of a catastrophic bug.
Clear enough on BTC's shortcomings in this area?
Now for NXT, when it first was released, it had the payment ability. Faster than bitcoin so better, but essentially the same functionality.
In less than a month namecoin functionality was added. This immediately boosted market prices for NXT to around namecoin market cap. This is not simply because namecoin functionality is so good, it is because it showed the ability of NXT to do an update and gain a new functionality. Let's see any other altcoin or bitcoin do that.
the other thing it did was make clear that if there is a service, people will use it and spend NXT like drunken sailors. All the transaction fees then get distributed randomly to the lucky lottery winner of that block (approx minute). While the big NXT holders tend to win most lotteries, even very small holders eventually get some and this redistributes NXT, it also makes it a built in dividend reinvestment program, and makes NXT the only crypto that has a positive yield.
James
Apology accepted
Ok, i understand what you say about the extensibility. But that forking of the code into altcoins is what will probably happen to NXT as well as soon as it's source is published. The only way to keep this from happening is implementing features faster and better than anyone else could. But that will only occur if there are (lots of) experienced programmers working on the same codebase. But I am not worried about that.
I agree that the alias system was implemented well and worked without (too much) bugs. So I see it's value there as well.
I am also glad to read that the stakeholders are also still unsure on how to deal with redistribution and are still looking for ways on how to solve this problem. It will be an issue that needs to be solved I think. I read on many different websites getting involved in NXT is not smart as it is a pre-mined currency. I do understand why NXT is NOT pre-mined, but a lot of others will not understand this point. And that will be the reason for people to ignore NXT. To me, this is the biggest hurdle that is facing PoS currencies such as Ripple and NXT.
I could not have written a better
Quote
I did not mean that transactions would become free, but you could also have chosen to have the sender pay a fee AND add 1 NXT from the Genesis account. This would not reduce security and it would distribute NXT at the same time to the ones contributing to the NXT network.
Hey man, you're talking out of my soulAre there any plans on redistributing the roughly 61 million USD in NXT ? The current distribution seems so far off, it borders on being ridiculous. Basically all founders are now millionaires. Before it is even usable as a payment system?
I tried to gather some NXT but it seems almost impossible, I got more free BTC doing less work (not mining, but faucets, ad-clicking, etc).
This all seems a bit too greedy for my taste to be totally honest.
Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years? Seems a LOT fairer to me.
I tried to gather some NXT but it seems almost impossible, I got more free BTC doing less work (not mining, but faucets, ad-clicking, etc).
This all seems a bit too greedy for my taste to be totally honest.
Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years? Seems a LOT fairer to me.
I second that!
Quote
Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years?
Great IdeasI recommend a Chinese name for "Nxt": 特牛叉
N --- 牛(niu) --- Bull --------------------
|
x --- 叉（cha） --- cross shape ------------
|
t ---- 特 (te) --- bit, especially ------------> eXtreme bullish ---- 特牛叉
N --- 牛(niu) --- Bull --------------------
|
x --- 叉（cha） --- cross shape ------------
|
t ---- 特 (te) --- bit, especially ------------> eXtreme bullish ---- 特牛叉
Gooogle translate say: 特牛叉 --- Special cow fork
Anyone generous and wealthy Nxt owners out there mind tossing me a few coins to get started?
16121687483446533972
16121687483446533972
me too please
acc: 8431682819663593430
thx
send...
Thank You Very Much
Anyone generous and wealthy Nxt owners out there mind tossing me a few coins to get started?
16121687483446533972
16121687483446533972
me too please
acc: 8431682819663593430
thx
