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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2761756 times)
brooklynbtc
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December 29, 2013, 08:33:09 PM
 #10501

I sunk 1 more Btc in today, bought all under 0.00006 so not bad. Thanks to the shareholders, or whoever is helping out with nice prices.

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TwinWinNerD
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December 29, 2013, 08:35:29 PM
 #10502

im not so sure it is stakeholders that are selling.

The volume is quite low, and many bots are marketmaking the huge spreads. So it could be just random walk, but who knows, i for one enjoy the newfound prices Wink

ZeroTheGreat
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December 29, 2013, 08:36:14 PM
 #10503

Hmm, in that case annual cleaning can create some problems, am I right? Big businesses creating plans for tens of years.

The shrinking doesn't erase all the data. Also Service Providers will keep all blockchains.
I see.
S3MKi
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December 29, 2013, 08:48:39 PM
 #10504

nice price Grin nxt to da ground?
bitcoinrocks
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December 29, 2013, 08:52:31 PM
 #10505

Quote
i hope the stake holders do not sell into buy walls but rather to just put up their own monster sell walls.

Can anyone explain to me how that works?  I understand the order book but I always just buy at market.
TwinWinNerD
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December 29, 2013, 08:54:03 PM
 #10506

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i hope the stake holders do not sell into buy walls but rather to just put up their own monster sell walls.

Can anyone explain to me how that works?  I understand the order book but I always just buy at market.

If an stakeholder wants to sell an amount that moves the market (in todays orderbook that would be 250k+) then a market order would be bad for all parties. One should just set an sell order at a given price and wait for the market to absorb it.

ZeroTheGreat
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December 29, 2013, 08:55:39 PM
 #10507

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i hope the stake holders do not sell into buy walls but rather to just put up their own monster sell walls.

Can anyone explain to me how that works?  I understand the order book but I always just buy at market.
Someone do order with high volume at higher price and if there's enough demand to beat all lower-price deals, price go up for sure and stays till wall lives. Same with selling.

Any price-watchers'd keep in mind it means times less, if there's no stable big enough volumes are trading. Low volumes can do 50-200% previous price with no time. I suppose it can be second reason (to first as preventing spam) of setting a +/-30% boundary. To give time stakeholders to react and to not show something like -80%/+200% every next minute  Grin
utopianfuture
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December 29, 2013, 08:55:54 PM
 #10508

Hmm, in that case annual cleaning can create some problems, am I right? Big businesses creating plans for tens of years.

The shrinking doesn't erase all the data. Also Service Providers will keep all blockchains.

Hi Cfb, can we make a public announcement function in which a message can be broadcasted to the whole network. We may need this feature in case a certain public forum got shut down.  


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S3MKi
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December 29, 2013, 08:56:37 PM
 #10509

No.
GröBkAz
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December 29, 2013, 09:01:27 PM
 #10510

what could de bottom price before the next rise starts?
ferment
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December 29, 2013, 09:01:50 PM
 #10511

hi, i'm yueye000. Sorry made that mistake, how about "acc:5693933960808456307" ?

U r the 1st who implemented this feature, so u decide. Just make sure it's not reserved in URI standard. Ur decision will change the future.

Here are the URI schemes: https://en.wikipedia.org/wiki/URI_scheme.

acct might be a better choice.

Based on the spec, the correct format would be "acct:5693933960808456307@nxt". Of course, we could leave the "@nxt" off and imply that an acct uri without a host is a NXT account. But, I think we should follow the spec so you could have aliases like "acct:ferment@bitcointalk".

xyzzyx
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December 29, 2013, 09:05:51 PM
 #10512

Here are the URI schemes: https://en.wikipedia.org/wiki/URI_scheme.

acct might be a better choice.

Based on the spec, the correct format would be "acct:5693933960808456307@nxt". Of course, we could leave the "@nxt" off and imply that an acct uri without a host is a NXT account. But, I think we should follow the spec so you could have aliases like "acct:ferment@bitcointalk".

God I hate those posts that quote a previous post and just add a "+1", but...

+1

"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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December 29, 2013, 09:18:13 PM
 #10513

Quote
i hope the stake holders do not sell into buy walls but rather to just put up their own monster sell walls.

Can anyone explain to me how that works?  I understand the order book but I always just buy at market.

Open the Market Levels at dgex and see at which prices NXT would be selling if someone decided they wanted a couple of million NXT and you will get the point.

You guys should come and contribute to our "Wall Observer" thread! - https://nextcoin.org/index.php/topic,74.0.html

In times of change, it is the learners who will inherit the earth, while the learned will find themselves beautifully equipped for a world that no longer exists.
TwinWinNerD
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December 29, 2013, 09:18:32 PM
 #10514

Hi Cfb, can we make a public announcement function in which a message can be broadcasted to the whole network. We may need this feature in case a certain public forum got shut down.  

+1

who would control such a feature? This sounds potentially dangerous tbh

pandaisftw
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December 29, 2013, 09:19:21 PM
 #10515

I sunk 1 more Btc in today, bought all under 0.00006 so not bad. Thanks to the shareholders, or whoever is helping out with nice prices.

I'm tempted to move some of my BTC into NXT right now, prices are way too tempting! Grin

NXT: 13095091276527367030
TwinWinNerD
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December 29, 2013, 09:21:40 PM
 #10516

   
      27914      15469581309328573862      Sonntag, 29. Dezember 2013 22:18:59   
      
      7      499 + 7      1'269 B   
      
      1      726782742001008098      1207 %
am i on a fork, or why is the target so high?

xyzzyx
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December 29, 2013, 09:22:58 PM
 #10517

Hi Cfb, can we make a public announcement function in which a message can be broadcasted to the whole network. We may need this feature in case a certain public forum got shut down.  

+1

who would control such a feature? This sounds potentially dangerous tbh

Sounds like a job for a service provider if you ask me.  Wink

"An awful lot of code is being written ... in languages that aren't very good by people who don't know what they're doing." -- Barbara Liskov
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December 29, 2013, 09:23:30 PM
 #10518

nice price Grin nxt to da ground?

LOL
bitcoinrocks
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December 29, 2013, 09:24:14 PM
 #10519

Quote
i hope the stake holders do not sell into buy walls but rather to just put up their own monster sell walls.

Quote
Can anyone explain to me how that works?  I understand the order book but I always just buy at market.

Quote
If an stakeholder wants to sell an amount that moves the market (in todays orderbook that would be 250k+) then a market order would be bad for all parties. One should just set an sell order at a given price and wait for the market to absorb it.

So you create a buy or sell "wall" to avoid moving the market?
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December 29, 2013, 09:25:21 PM
 #10520

So you create a buy or sell "wall" to avoid moving the market?

yeah, its the same as when people put buy or sell walls on bitcoin exchanges, instead of directly dumping into buys.

wall = set a price to sell at (selling 1k btc at 1000), is a wall at 1000
market order = sell to whoever is buying, dumping the coin into people who have buy orders up, thus eliminating the buy order and driving the price down for bids. Is the same for buys as well.
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