NXT :: descendant of Bitcoin - Updated Information

[msin]

Admin of BTC-e is in the trollbox. Someone should ask him about NXT. I can't post there.

Someone did ask and that was a clear NO.

I'd like to see us on Cryptsy, where are we with that? 

[antanst]

http://onlinemd5.com/ is recommended on the download page of nxtcrypto.org

It shouldn't be. Who's the admin? I'm going to notify him of this.

[msin]

Off topic;

Good move of Mastercoin;

http://www.dcmagnates.com/as-mtgox-implodes-mastercoin-to-launch-decentralized-trading/

So it's just a client that sits on top of Bitcoin wallet, nothing revolutionary and still very slow.

[alxx77]

Admin of BTC-e is in the trollbox. Someone should ask him about NXT. I can't post there.

I asked, and it was NO..  

[wesleyh]

Off topic;

Good move of Mastercoin;

http://www.dcmagnates.com/as-mtgox-implodes-mastercoin-to-launch-decentralized-trading/

So it's just a client that sits on top of Bitcoin wallet, nothing revolutionary and still very slow.

Would theirs work with other altcoins as well?

We need more people helping jl777 (if he needs the help) to get our crypto gateway working..

[NxtMinnow]

Can someone please send me some TestNxt to 10190218411451074580?

Thanks in advance.

[VanBreuk]

Off topic;

Good move of Mastercoin;

http://www.dcmagnates.com/as-mtgox-implodes-mastercoin-to-launch-decentralized-trading/

So it's just a client that sits on top of Bitcoin wallet, nothing revolutionary and still very slow.

Would theirs work with other altcoins as well?

We need more people helping jl777 (if he needs the help) to get our crypto gateway working..

+1000, I'd jump right in if I could code.

At least we'd need an announcement soon, never mind if it is during the work in progress.

[wesleyh]

Off topic;

Good move of Mastercoin;

http://www.dcmagnates.com/as-mtgox-implodes-mastercoin-to-launch-decentralized-trading/

So it's just a client that sits on top of Bitcoin wallet, nothing revolutionary and still very slow.

Would theirs work with other altcoins as well?

We need more people helping jl777 (if he needs the help) to get our crypto gateway working..

+1000, I'd jump right in if I could code.

At least we'd need an announcement soon, never mind if it is during the work in progress.

Indeed, someone should create a similar site / subsite, and perhaps even a countdown.. The AE is the most important innovation coming out of nxt for a while.

[alxx77]

Hell, with just a little bit more buy support, NXT could VERY easy be number 3...  

[Damelon]

Off topic;

Good move of Mastercoin;

http://www.dcmagnates.com/as-mtgox-implodes-mastercoin-to-launch-decentralized-trading/

So it's just a client that sits on top of Bitcoin wallet, nothing revolutionary and still very slow.

Would theirs work with other altcoins as well?

We need more people helping jl777 (if he needs the help) to get our crypto gateway working..

Someone make a clone of jl777, please!

[msin]

Off topic;

Good move of Mastercoin;

http://www.dcmagnates.com/as-mtgox-implodes-mastercoin-to-launch-decentralized-trading/

So it's just a client that sits on top of Bitcoin wallet, nothing revolutionary and still very slow.

Would theirs work with other altcoins as well?

We need more people helping jl777 (if he needs the help) to get our crypto gateway working..

Someone make a clone of jl777, please!

Our solutions is still very different and faster (better).  This is just like developing a wallet that incorporates multiple coin clients and then allows you to trade based on your holdings. 

[windjc]

Hey guys,

I don't mean to crash this thread, but I am interested in where the community believes the value/price of NXT will go over the intermediate term (2-6 months) and why.

I have seen different speculations thrown out from time to time, but I haven't been able to find an in depth discussion of the topic.

Obviously if we just look at "news" then the upcoming asset exchange would have some potential to increase the perceived value of NXT. Then, after that the decentralized exchange would have potential to increase the perceived value.

However, I would assume that some real utility would have to begin within the NXT system - i.e. some real exchange trading - substantial fee generation for forging, etc. for the price to really sustain any upward trajectory over the occasional over-bought/correction scenarios we see in all alts.

Any thoughts on the value of NXT (in terms of BTC not dollars) in the intermediate future?

And as a bonus question, I personally would be surprised to see an alt, including NXT, to gain more than 1/2 the market cap of Bitcoin at any given time unless the utility of that coin became a real challenger to BTC - which I believe is a long ways off in any case. So .0125BTC seems to be a best case scenario ceiling for NXT for the longer intermediate term.

[bitcoinpaul]

And as a bonus question, I personally would be surprised to see an alt, including NXT, to gain more than 1/2 the market cap of Bitcoin at any given time unless the utility of that coin became a real challenger to BTC - which I believe is a long ways off in any case. So .0125BTC seems to be a best case scenario ceiling for NXT for the longer intermediate term.

Nice question.

[DrearyUrbanite]

Hey guys,

I don't mean to crash this thread, but I am interested in where the community believes the value/price of NXT will go over the intermediate term (2-6 months) and why.

I have seen different speculations thrown out from time to time, but I haven't been able to find an in depth discussion of the topic.

Obviously if we just look at "news" then the upcoming asset exchange would have some potential to increase the perceived value of NXT. Then, after that the decentralized exchange would have potential to increase the perceived value.

However, I would assume that some real utility would have to begin within the NXT system - i.e. some real exchange trading - substantial fee generation for forging, etc. for the price to really sustain any upward trajectory over the occasional over-bought/correction scenarios we see in all alts.

Any thoughts on the value of NXT (in terms of BTC not dollars) in the intermediate future?

And as a bonus question, I personally would be surprised to see an alt, including NXT, to gain more than 1/2 the market cap of Bitcoin at any given time unless the utility of that coin became a real challenger to BTC - which I believe is a long ways off in any case. So .0125BTC seems to be a best case scenario ceiling for NXT for the longer intermediate term.

I believe that 1 NXT is worth $1 and is not actually tied to BTC and I base my actions accordingly. The fact I can get NXT for much cheaper keeps me buying whenever I can until the price catches up.

[Damelon]

Any thoughts on the value of NXT (in terms of BTC not dollars) in the intermediate future?

And as a bonus question, I personally would be surprised to see an alt, including NXT, to gain more than 1/2 the market cap of Bitcoin at any given time unless the utility of that coin became a real challenger to BTC - which I believe is a long ways off in any case. So .0125BTC seems to be a best case scenario ceiling for NXT for the longer intermediate term.

Actually, I see no reason why Nxt should be valued in BTC other than that BTC is the preferred exhange coin at the moment.
There is no reason why Nxt shouldn't be independently valued for fiat.

I have seen the calculation of 21,000,000/1,000,000,000 often and find it useless as it presupposes that Bitcoin will always be the exchange coin "in between".

That is an unsupported assumption and makes that whole calculation useless.

In answer to your other question: no idea what the valuation will be. It all depends of the value that Nxt actually will deliver to people. Looking at developments it seems likely to be in a totally different area than Bitcoin for now. I do not think Nxt will be a "buying" coin. Maybe it will be used as such for a short time, but that will change when the value rises and it will become unwieldy for such.

It's much more likely "Nxt" will become valuable as a means to "power" systems that will have such functions. As such, it's value can be immense, but it all depends on the coming months.

[windjc]

Hey guys,

I don't mean to crash this thread, but I am interested in where the community believes the value/price of NXT will go over the intermediate term (2-6 months) and why.

I have seen different speculations thrown out from time to time, but I haven't been able to find an in depth discussion of the topic.

Obviously if we just look at "news" then the upcoming asset exchange would have some potential to increase the perceived value of NXT. Then, after that the decentralized exchange would have potential to increase the perceived value.

However, I would assume that some real utility would have to begin within the NXT system - i.e. some real exchange trading - substantial fee generation for forging, etc. for the price to really sustain any upward trajectory over the occasional over-bought/correction scenarios we see in all alts.

Any thoughts on the value of NXT (in terms of BTC not dollars) in the intermediate future?

And as a bonus question, I personally would be surprised to see an alt, including NXT, to gain more than 1/2 the market cap of Bitcoin at any given time unless the utility of that coin became a real challenger to BTC - which I believe is a long ways off in any case. So .0125BTC seems to be a best case scenario ceiling for NXT for the longer intermediate term.

I believe that 1 NXT is worth $1 and is not actually tied to BTC and I base my actions accordingly. The fact I can get NXT for much cheaper keeps me buying whenever I can until the price catches up.

Ok. But theoretically if NXT becomes $1 because BTC becomes $10000, then its not a better investment than BTC. That's why I am interested in the future Nxt/Btc price.

[windjc]

Personally I think we gonna test the 0.00012 again and hopefully break it end leave it behind forever.

So keep them BTC ready to support NXT.

What are your 2-6 months price projections for NXT?

[windjc]

And as a bonus question, I personally would be surprised to see an alt, including NXT, to gain more than 1/2 the market cap of Bitcoin at any given time unless the utility of that coin became a real challenger to BTC - which I believe is a long ways off in any case. So .0125BTC seems to be a best case scenario ceiling for NXT for the longer intermediate term?

Nice question.

FIFY

[rdanneskjoldr]

However, I would assume that some real utility would have to begin within the NXT system - i.e. some real exchange trading - substantial fee generation for forging, etc. for the price to really sustain any upward trajectory over the occasional over-bought/correction scenarios we see in all alts.

We really need to create a paper,or insist much on how Nxt forging revenues are like 1/3.000.000(or whatever is the proportion) of bitcoin mining revenues,because the energy Nxt requires to work,is like 1/3.000.000 of the energy Bitcoin consumes and how that let us enjoy an almost-free environment with 2º generation features.

Lots of people may be upset after they realize PoS wont give them big revenues for a small stake as they first expected,and forget about Nxt,as they feel others will get them.

I edit to say i know its mentioned with the "green mining",but maybe it should be even more emphasized or modified,as people dont seem to get it,and end up having a bad impression of it for not receiving nxt.

[DrearyUrbanite]

Hey guys,

I don't mean to crash this thread, but I am interested in where the community believes the value/price of NXT will go over the intermediate term (2-6 months) and why.

I have seen different speculations thrown out from time to time, but I haven't been able to find an in depth discussion of the topic.

Obviously if we just look at "news" then the upcoming asset exchange would have some potential to increase the perceived value of NXT. Then, after that the decentralized exchange would have potential to increase the perceived value.

However, I would assume that some real utility would have to begin within the NXT system - i.e. some real exchange trading - substantial fee generation for forging, etc. for the price to really sustain any upward trajectory over the occasional over-bought/correction scenarios we see in all alts.

Any thoughts on the value of NXT (in terms of BTC not dollars) in the intermediate future?

And as a bonus question, I personally would be surprised to see an alt, including NXT, to gain more than 1/2 the market cap of Bitcoin at any given time unless the utility of that coin became a real challenger to BTC - which I believe is a long ways off in any case. So .0125BTC seems to be a best case scenario ceiling for NXT for the longer intermediate term.

I believe that 1 NXT is worth $1 and is not actually tied to BTC and I base my actions accordingly. The fact I can get NXT for much cheaper keeps me buying whenever I can until the price catches up.

Ok. But theoretically if NXT becomes $1 because BTC becomes $10000, then its not a better investment than BTC. That's why I am interested in the future Nxt/Btc price.

I believe NXT is more likely to increase 20 fold in the near future than BTC is likely to increase 20 fold in the near future. Then again, I could be wrong. I am one of those guys that bought 1200 BTC for around $1 and sold most of them for around $10.