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wesleyh
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February 07, 2014, 08:13:30 AM |
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So what does base target percentage actually mean?
Is there a "good" and a "bad" percentage? If so, what are they? (less than X, greater than Y)?
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S3MKi
Legendary
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Activity: 1568
Merit: 1016
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February 07, 2014, 08:14:15 AM |
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farl4web
Legendary
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Activity: 1205
Merit: 1000
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February 07, 2014, 08:19:06 AM |
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LOL!  |
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farl4web
Legendary
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Activity: 1205
Merit: 1000
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February 07, 2014, 08:20:51 AM |
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Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.
In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.
But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!
Later when it gets more populair you can lower the fees!
Bump |
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wesleyh
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February 07, 2014, 08:21:51 AM |
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Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.
In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.
But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!
Later when it gets more populair you can lower the fees!
Bump I change my vote to keep it at 1NXT. |
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farl4web
Legendary
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Activity: 1205
Merit: 1000
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February 07, 2014, 08:23:18 AM |
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Thanx Wesley.
Btw: Do you have any news about the Mac-client? I stopped forging because the client doesn't update to the new critical versions.
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iruu
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February 07, 2014, 08:25:18 AM |
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Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.
In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.
But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!
Later when it gets more populair you can lower the fees!
Bump you have the casuality in reverse: few payments are done BECAUSE the fees are high. |
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Come-from-Beyond
Legendary
Offline
Activity: 2142
Merit: 1010
Newbie
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February 07, 2014, 08:30:07 AM |
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So what does base target percentage actually mean?
Is there a "good" and a "bad" percentage? If so, what are they? (less than X, greater than Y)?
Base target shows how long to wait till next block in average. Also it's one of the traps for copycats. Without knowledge of TF internal mechanisms forging of their copycoin will stop eventually. There is no good or bad percentage. |
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farl4web
Legendary
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Activity: 1205
Merit: 1000
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February 07, 2014, 08:34:09 AM
Last edit: February 07, 2014, 08:50:31 AM by farl4web |
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Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.
In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.
But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!
Later when it gets more populair you can lower the fees!
Bump you have the casuality in reverse: few payments are done BECAUSE the fees are high. Really? The 1 fee, doesn't bother me at all. And there are very limited places where you can pay with NXT at this moment. I'm forging for 1,5 month 24/7 with a nice account, but when the fees drop, I think I will stop with an unlocked account. It isn't worth it anymore.  |
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iruu
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February 07, 2014, 08:39:58 AM |
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Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.
In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.
But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!
Later when it gets more populair you can lower the fees!
Bump you have the casuality in reverse: few payments are done BECAUSE the fees are high. Really? The 1 fee, doesn't bother me at all. And there are very limited places where you can buy with NXT at this moment. I'm forging for 1,5 month 24/7 with a nice account, but when the fees drop, I think I will stop with an unlocked account. It isn't worth it anymore. Nxt is completely unusable for micropayments and tips. The fees are so high that using a forging pool right now doesn't make sense if you don't have at least 100k NXT. It's a very serious design error, but the only sensible way forward is to have big and medium holders who forge not because it's profitable, but because it indirectly gives value to their holdings. Maybe someday the transaction volume will rise so much that it's going to become profitable again. Just look around. Nobody uses NXT. So much wasted potential. |
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Hacer88
Member
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Activity: 80
Merit: 10
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February 07, 2014, 08:40:21 AM |
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Maxcoin killed all the coins  |
NXT - NEM - NAS - NFD
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martismartis
Legendary
Offline
Activity: 1161
Merit: 1005
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February 07, 2014, 08:43:47 AM |
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Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.
In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.
But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!
Later when it gets more populair you can lower the fees!
Bump you have the casuality in reverse: few payments are done BECAUSE the fees are high. Really? The 1 fee, doesn't bother me at all. And there are very limited places where you can buy with NXT at this moment. I'm forging for 1,5 month 24/7 with a nice account, but when the fees drop, I think I will stop with an unlocked account. It isn't worth it anymore. Nxt is completely unusable for micropayments and tips. The fees are so high that using a forging pool right now doesn't make sense if you don't have at least 100k NXT. It's a very serious design error, but the only sensible way forward is to have big and medium holders who forge not because it's profitable, but because it indirectly gives value to their holdings. Maybe someday the transaction volume will rise so much that it's going to become profitable again. Just look around. Nobody uses NXT. So much wasted potential. Where can you spend NXT today, except exchange? Post any place accepting NXT. |
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LiQio
Legendary
Offline
Activity: 1181
Merit: 1002
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February 07, 2014, 08:45:17 AM |
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Where can you spend NXT today, except exchange? Post any place accepting NXT.
https://www.solarcom.ch/en/ |
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iruu
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February 07, 2014, 08:45:59 AM |
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Where can you spend NXT today, except exchange? Post any place accepting NXT.
That's the point. Although it's not as bad as zero. Now imagine NXT fees are zero! A fast way to "1000 TPS" |
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TwinWinNerD
Legendary
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Activity: 1680
Merit: 1001
CEO Bitpanda.com
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February 07, 2014, 08:48:18 AM |
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The reason why there are so little NXT transactions are because they are way to expensive. If i want to send the lowest amount possible to a friend, so he can send it back and test his setup, it costs mit 2 NXT total. (send 3 to him, 2 come to him and he sends the 2 back) That are 12-15 cents.
Our network wants to tell everyone that we can handle big traffic with little cost, but the way i see it, with the fee staying that high, not many transactions will occur.
Or look at faucets. Many people want to enter a currency for free at start to test it out. Now we can get 3 NXT from a faucet. that is 1 transaction .... Rly??
I think currencies like Doge are so successful because the fee is ridiculous low, its 0.01 Doge, that is like a 10.000th of NXT..
I predict a more than 10 fold in transactions if the fee drops to 0.1 NXT and the fractional NXTs get enabled. Also even if it does not increase by tenfold, then then widespread of the currency makes up for it.
FEE 0.1!!!! NAOWW
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allwelder
Legendary
Offline
Activity: 1512
Merit: 1004
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February 07, 2014, 08:50:20 AM |
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with 0.7.0e [2014-02-07 12:57:56.176] DEBUG: Database cache size set to 126720 kB
[2014-02-07 12:57:58.927] Database is at level 6
[2014-02-07 12:57:58.928] Updated database is at level 6
[2014-02-07 12:57:59.077] Scanning blockchain...
stick the above for a moment ,then the cmd window disappear. any suggestion? TKS. me too...! may be we should back to 0.6.1 |
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farl4web
Legendary
Offline
Activity: 1205
Merit: 1000
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February 07, 2014, 08:53:15 AM |
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Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.
In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.
But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!
Later when it gets more populair you can lower the fees!
Bump you have the casuality in reverse: few payments are done BECAUSE the fees are high. Really? The 1 fee, doesn't bother me at all. And there are very limited places where you can buy with NXT at this moment. I'm forging for 1,5 month 24/7 with a nice account, but when the fees drop, I think I will stop with an unlocked account. It isn't worth it anymore. Nxt is completely unusable for micropayments and tips. The fees are so high that using a forging pool right now doesn't make sense if you don't have at least 100k NXT. It's a very serious design error, but the only sensible way forward is to have big and medium holders who forge not because it's profitable, but because it indirectly gives value to their holdings. Maybe someday the transaction volume will rise so much that it's going to become profitable again. Just look around. Nobody uses NXT. So much wasted potential. Where can you spend NXT today, except exchange? Post any place accepting NXT. |
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^[GS]^
Member
Offline
Activity: 112
Merit: 10
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February 07, 2014, 09:01:52 AM |
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what happens with https://nextcoin.org/?I was trying several hours ago and does not work |
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farl4web
Legendary
Offline
Activity: 1205
Merit: 1000
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February 07, 2014, 09:03:51 AM |
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Same problem here…I keep reloading, but nothing happens. |
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Labteck
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February 07, 2014, 09:04:54 AM |
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Tonight I was thinking again about the fees. We should not change the fees already, it's not wise.
In this early fase of Nxt I hear nobody complaining about the high fees, mostly because not a lot of payments are done.
But I DO hear a lot of complaining about the joke of forging. In the early fase of a cryptocoin, the miners/investors are the most important people, they make a coins succesfull (look at Dogecoin). To get a lot of attention, we need to attract the miners and investors first!
Later when it gets more populair you can lower the fees!
Bump I change my vote to keep it at 1NXT. +1000000 |
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