NXT :: descendant of Bitcoin - Updated Information

[yuriygeorge]

So, let me get this straight

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin
current market rate is about 0.00008500

So, it’s that’s about 4,000x, or 400,000% more what the early adopters paid for? And it has only been a month? Are you serious? 400,000% returns? Now, this sounds too good to be true.

Am I missing something? So, at the only exchange trading Nxt, us regular folks have to pay 400,000% more than what early adopters paid for? Too bad fools can't do simple math. Correct me if I'm wrong!

I went to put an order in for 0.00000300, (That's still 14,200% more than what early adopters paid for), and the exchange WOULDN'T let me, saying that I can only put an order at maximum +/- 30% of last hours price... WOW

Does anyone want to sell me some Nxt's at 0.00000300 each? PM me, since I can't even put the order in on the exchange.

Seriously, I hope people are doing some maths on these numbers and aren't just buying these blindly. I'm all for great ideas, and this sounds great on the face of it, but 400,000% returns in a month is unreal. Prove me wrong.

The math is quite simple

Before pre-launch: 1 BTC ~~ 50M NXT
Right after pre-launch: 1 BTC ~~ 1M NXT coz risk went down
Alias System was launched, DDoS attacks were counteracted, bugs were fixed... All these things increase confidence in success of Nxt. Higher confidence == higher price.

Before pre-launch: 1 BTC ~~ 50M NXT
Right after pre-launch: 1 BTC ~~ 1M NXT coz risk went down (50x less)
1 mo after pre-launch: 1 BTC ~~ 0.01M (5000x less)

YOU GUYS. 5000,00% return in 1 month, are you nuts.

Well if there is a market demand for it at a current price then the price/supply will match the market demand. Currently it looks to be the case, although there may be a dip sooner or later, who knows.

Also imo the BitCoin argument isn't much because since BitCoin was first to the market, most people didn't know what BitCoin was about. It took BitCoin a while to gain popularity until they started getting articles covering it. Which led to other coins exploding in popularity and investments as well. I didn't even know much about BitCoin till a little over a month ago, when I got interested as a result of a few investment articles.

Just look at how BTC rocketed from around $100 to a peak of around $1200 in a month.

Dude, at 500,000% return, this is pure speculation. People are gonna get real hurt when they find out about this. How can it already have 500,000% when it doesn't even have the open source code out yet? I mean if the code was released, and it was amazing, and then it hit 500,000%, then I would understand. But as of now, either A people re stupid and didn't do the math and are just throwing whatever they feel on it. Or B, there's a serious price manipulation going on with this exchange.

Just withdraw my BTC from DGEX, too much risk with this, will watch and see. If this proves to be a legit crypto, then will invest.

[NxtChoice]

If I could buy this at 1000-5000% of what original investors paid for it, then I would.

But it's at 500,000%, and its only been a month.

No, at least 3 months, so many people's work.

Do you know the first post on Nxt? It's on Sep. 28th.

Do you know when BCNext start to work on it?

Nobody know it.

It's not fair to say somebody earn 5000X in one month, just like you can't say a VC earns 5000X in one day after the company IPO.

[davidoski]

Always bloating Nxt blockchain counter: 32 MB and rising.
Next update soon (until some reasonable explanation).

[Ola]

Yes, and show me where Google or Facebook, had 500,000% returns in a month??? This is too good to be true. I'm going to keep informing the public of this number

Yeah! Keep informing the public, that would be great advertisement  

+1000 one of the greatest lines..any type of advertisement is still advertisement

[Come-from-Beyond]

I'm constantly seeing that nxt is the currency without the bloated blockchain problem. But how can it be if the blocks.nxt and transactions.nxt files are (and will be) constantly getting bigger and bigger at the rate of 16 GiB per year?

Can anybody please refer to this?

Blockchain will be shrinken on annual basis (or monthly, is't up to stakeholders). There was written something about Nxt Service Providers that will serve off-chain data flows, can't find it quickly. Actually, the idea is not novel, u can find its description by searching for "mini-blockchains".

[davidoski]

I'm constantly seeing that nxt is the currency without the bloated blockchain problem. But how can it be if the blocks.nxt and transactions.nxt files are (and will be) constantly getting bigger and bigger at the rate of 16 GiB per year?

Can anybody please refer to this?

Blockchain will be shrinken on annual basis (or monthly, is't up to stakeholders). There was written something about Nxt Service Providers that will serve off-chain data flows, can't find it quickly. Actually, the idea is not novel, u can find its description by searching for "mini-blockchains".

Ok, but it will be always bloating but at the slower rate, right?

[yuriygeorge]

I'm not trying to shut this coin down. If it's legit, then awesome, let's wait and see. But I think that people are too lazy to do the math and don't realize that they're paying 420,000% more then what early adopters paid for it 1-3 month ago (whatever the number is). And on the exchange, the numbers look good. But, they don't stop and see that all the coins HAVE ALREADY been generated (yes, it's supposedly part of the POS, which is cool and all).

If you don't mind, I'll just keep reminding people that

0.000000021 BTC per coin = price of all 1 Billion coins paid for by 73 adopters (all already out in circulation with just 21 BTC worth of work)
0.00009 = current price

420,000 % return in in less than 3 months.

People... stop paying so damn much for these coins. At least wait for the sources to be released and peer reviewed.... Currently, it's a centralized currency.

[ImmortAlex]

Dude, this isn't even open source. At least DOGECOIN is open source. It's like ASIC vaporware

Most of forks are opensource. Do someone ever look at their source? This crowd of hamsters just believe that "opensource = good" but never read sources itself. It is just faith. Blind stupid faith. Number of "opensourced" forks were just a viruses, created to steal you precious wallet.dat.

Wanna source of Nxt? Just decompile it, it's pure Java7 without obfuscation.

[Come-from-Beyond]

Ok, but it will be always bloating but at the slower rate, right?

No. Number of coins is limited. If we end with 1 NXT on each balance we'll need 40 GiB max (32 B for public key + 8 B for balance).

[Come-from-Beyond]

I'm not trying to shut this coin down. If it's legit, then awesome, let's wait and see. But I think that people are too lazy to do the math and don't realize that they're paying 420,000% more then what early adopters paid for it 1-3 month ago (whatever the number is). And on the exchange, the numbers look good. But, they don't stop and see that all the coins HAVE ALREADY been generated (yes, it's supposedly part of the POS, which is cool and all).

If you don't mind, I'll just keep reminding people that

0.000000021 BTC per coin = price of all 1 Billion coins paid for by 73 adopters (all already out in circulation with just 21 BTC worth of work)
0.00009 = current price

420,000 % return in in less than 3 months.

People... stop paying so damn much for these coins. At least wait for the sources to be released and peer reviewed.... Currently, it's a centralized currency.

U should use mega-percents coz in a few months ur numbers will be inconvenient to read.

[landomata]

 

[S3MKi]

   24946      15113910250211169408      26 Cнeжaнь 2013 12:06:49   
      
      0      0 + 0      0 B   
      
      1      8446763938361322122      607 %

[ImmortAlex]

   24946      15113910250211169408      26 Cнeжaнь 2013 12:06:49   
      
      0      0 + 0      0 B   
      
      1      8446763938361322122      607 %

Confirm.

[wesleyh]

New mac client version with 0.4.7e and auto-update fixed. Auto-update was broken due to dropbox issues (the files are no longer hosted there).

Download here: https://copy.com/W9JYHEwP7YnK

More info @ nextcoin.org (which is down...)

[laowai80]

Yes, software is buggy, zombies are attacking, exchange is in "manual mode"

Sounds like apocalypse, dude, I even got spooked for a second  

[ImmortAlex]

26 Cнeжaнь 2013

Belarus everywhere!

[davethetrousers]

420,000 % return in in less than 3 months.

Please calculate for us what the percentage is on Mark Zuckerberg making billions from a couple hours of hacking PHP.

[S3MKi]

   24946      15113910250211169408      26 Cнeжaнь 2013 12:06:49   
      
      0      0 + 0      0 B   
      
      1      8446763938361322122      607 %

Confirm.

Thanks

[Come-from-Beyond]

26 Cнeжaнь 2013

Belarus everywhere!

Жывe Бeлapycь!

[ImmortAlex]

Sounds like apocalypse, dude, I even got spooked for a second  

One month from Genesis to Apocalyse.
History ride fast!