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Author Topic: As a China investors advice! Be sure to consider.  (Read 562 times)

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Offline newname

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Re: As a China investors advice! Be sure to consider.
« Reply #30 on: December 10, 2013, 05:58:53 AM »
You mistake me - I dont give a rats ass about fair.  I'd like stability, growth of the network, and expansion of NXT.  Dude, imagine what could happen by allowing newcomers to mine NXT, and get returns on it, just until production hits in January...  all the goodwill NXT would receive.  losing out on a few thousand NXT mining fees at this point is not even peanuts compared to the stash the stakeholders already have socked away.  IMO you'd gain much more in the long run, and quicker too.

I'll take a couple thousand NXT loss for goodwill any day.

Offline opticalc

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Re: As a China investors advice! Be sure to consider.
« Reply #31 on: December 10, 2013, 06:04:29 AM »
You mistake me - I dont give a rats ass about fair.

You should care.  No one wants to participate in an unfair economic system.

stay on topic.  no intelligent person is claiming NXT is unfair here.
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Offline 2Kool4Skewl

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Re: As a China investors advice! Be sure to consider.
« Reply #32 on: December 10, 2013, 06:20:20 AM »
You mistake me - I dont give a rats ass about fair.

You should care.  No one wants to participate in an unfair economic system.

stay on topic.  no intelligent person is claiming NXT is unfair here.

I am on topic.  It is unfair if you take transaction fees away from those who deserve them.  If you buy the coins, you get the transaction fees they generate.

Offline opticalc

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Re: As a China investors advice! Be sure to consider.
« Reply #33 on: December 10, 2013, 06:33:44 AM »
You mistake me - I dont give a rats ass about fair.

You should care.  No one wants to participate in an unfair economic system.

stay on topic.  no intelligent person is claiming NXT is unfair here.

I am on topic.  It is unfair if you take transaction fees away from those who deserve them.  If you buy the coins, you get the transaction fees they generate.

So let me get this straight... basically you see no benefit of having more and more users have a good reason to flock to NXT?  You see no benefit of those more and more people wanting to buy *even more*NXT, thus causing its price to rise further?  Because then its unfair to you?  You'd rather mine a few 1000 more NXT @ less than 1/2 a USD cent than have the price of the millions that you *do* have to rise?

hoooooh K then.
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Offline 2Kool4Skewl

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Re: As a China investors advice! Be sure to consider.
« Reply #34 on: December 10, 2013, 10:27:12 AM »
You mistake me - I dont give a rats ass about fair.

You should care.  No one wants to participate in an unfair economic system.

stay on topic.  no intelligent person is claiming NXT is unfair here.

I am on topic.  It is unfair if you take transaction fees away from those who deserve them.  If you buy the coins, you get the transaction fees they generate.

So let me get this straight... basically you see no benefit of having more and more users have a good reason to flock to NXT?  You see no benefit of those more and more people wanting to buy *even more*NXT, thus causing its price to rise further?  Because then its unfair to you?  You'd rather mine a few 1000 more NXT @ less than 1/2 a USD cent than have the price of the millions that you *do* have to rise?

hoooooh K then.

You make a lot of assumptions.  I'm simply saying that people shouldn't be punished by not being allowed to mine because they hold more Nxt than someone else.  That's not fair.  People will flock to Nxt because of Nxt's feature set.  Preventing Nxt accounts with "too much" Nxt from mining will simply discourage investment.

Offline opticalc

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Re: As a China investors advice! Be sure to consider.
« Reply #35 on: December 10, 2013, 04:28:27 PM »
*You* are the one making assumptions here.  Im not saying to "prevent" it and to 'punish' anyone.  Im suggesting the stakeholders do it VOLUNTARILY.  This way no changes need to be made to the code.  Im suggesting that if the stakeholders really cared about seeing NXT expand, the network get stronger, and the price to go up that they would band together and voluntarily do this.

Why not just try it as an experiment for a few weeks and see how many people then sign up, how the network grows, and how the price rises back up past 1centUSD.

You keep whining about 'fair' here but cant realize you make off better in the long run.  You are cutting your nose off to spite your face.
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Offline opticalc

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Re: As a China investors advice! Be sure to consider.
« Reply #36 on: December 10, 2013, 05:46:05 PM »
...and then there is eMunie.  If all you know about eMu is that they are bringing the same features as NXT but are just still in a closed beta test then heres all Ill say: (you'd be well advised to read how fundamentally different eMu is from NXT, especially in regards to supply and demand)

With NXT's current rep, I fear that eMu will destroy NXT.  IMO it wont even be close.  Especially when people figure out how much more they can make by hatching & seeding eMu transactions than they can by forging NXT.  Especially because so many more people will have been drawn to the "aww damn I *just* missed being an NXT stakeholder, so I wont miss out on the eMu presale" way of thinking.  Are no stakeholders thinking strategically at all???

IMO better to have NXT price high as possible, and a solid user base, before a possible official eMu launch, just to be safe.   But like I've said multiple times before, its just the risk the stakeholders are willing to take.
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Offline bizz

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Re: As a China investors advice! Be sure to consider.
« Reply #37 on: December 10, 2013, 07:03:08 PM »
...and then there is eMunie.  If all you know about eMu is that they are bringing the same features as NXT but are just still in a closed beta test then heres all Ill say: (you'd be well advised to read how fundamentally different eMu is from NXT, especially in regards to supply and demand)

With NXT's current rep, I fear that eMu will destroy NXT.  IMO it wont even be close.  Especially when people figure out how much more they can make by hatching & seeding eMu transactions than they can by forging NXT.  Especially because so many more people will have been drawn to the "aww damn I *just* missed being an NXT stakeholder, so I wont miss out on the eMu presale" way of thinking.  Are no stakeholders thinking strategically at all???

IMO better to have NXT price high as possible, and a solid user base, before a possible official eMu launch, just to be safe.   But like I've said multiple times before, its just the risk the stakeholders are willing to take.

Yeah I thought Emunie could be good. But then I read about inflation so I don't think so. I have no idea how they plan to contain demand without centralization??? Am I missing something?
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Offline Jaguar0625

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Re: As a China investors advice! Be sure to consider.
« Reply #38 on: December 10, 2013, 07:33:11 PM »
Regarding mining, all I know is I have 1M NXT, bought it just after NXT went live.   I run my client as much as I can.  I've only mined 1 block, it was worth a fee of 1 NXT.

Last I checked I was #64 in top holders of NXT and even that high up, Im starting to think more and more that mining is useless.  I cant imagine what the others with just a few 1000 or few 10K are thinking

How do you see all the account balances? I've only been able to find the top 21 on the blockchain explorer (http://87.230.14.1/nxt/nxt.cgi?action=34)?
NXT: 14544444716689899421

Offline opticalc

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Re: As a China investors advice! Be sure to consider.
« Reply #39 on: December 10, 2013, 07:44:19 PM »
How do you see all the account balances? I've only been able to find the top 21 on the blockchain explorer (http://87.230.14.1/nxt/nxt.cgi?action=34)?

there was a chart published some time ago.  I cant remember where it was at though
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