Nxt, bitcoin alternative, new concept

[96redformula]

If you all haven't heard bitcoin is breaking out, but has some down faults as you may know. It might be a good time if you have not looked into some alternative crypto currencies breaking out. Among lots of clones we have a new one to breakout and fix its faults.

Nxt

No mining via hardware, no waste of power, etc.... I still will be mining away for now BTC/LTC, but watch out Nxt is on the way upward. I will just send link for simplification. Check it out for yourself, make your own decisions.

Nxt :: descendant of Bitcoin

Nxt uses brand new software. It’s not a fork of Bitcoin source code.

Nxt is the first 100% Proof-of-Stake (PoS) currency. Coins are earned solely by charging transaction fees. Unlike other currencies with PoS mining, Nxt's PoS mining does not cause monetary inflation. The total amount of Nxt in circulation is 1 billion.

Nxt improves different features of Bitcoin, removes some disadvantages (e.g. bloated blockchain) and resolves a big environmental issue. Time between blocks is one minute. This increases the rate of orphaned blocks but makes it more convenient for the users.

Nxt doesn’t use so-called “scripts” aka predicates. This simplifies and accelerates transaction processing. Advanced features like multisig will be created on top of the core as 3rd party services.

Nxt will have the following distributed features integrated into the client:
- Currency Exchange
- Stock Exchange
- Colored Coins Implementation (This allows Nxt accounts to function as Gateways for other currencies.)
- Marketplace
- Messaging

https://bitcointalk.org/index.php?topic=345619.msg3704749#msg3704749






This come as referrals and self-promotion by you posting a thread here.

https://bitcointalk.org/index.php?topic=347927.msg3760589#msg3760589

The price for this comes with the the person spreading the information, getting some bitcoins as gifts.

https://bitcointalk.org/index.php?topic=347927.0

"So what should do? You should do some promotion and then post in this thread including the links to what you've already done (the proof) and your Nxt account id. for sending your coins to. I, or somebody who may assist me in continuation, will review new posts several times a week (two or three days once) and will asses each poster's effort and then will assign him some Nxt coins as the gift. In the first week or two we will try to do the review and coins assignments and sending more frequently. It is also possible to receive more coins after you receive the first patch, if you continue your promoting efforts and post with the new related links!
To increase your chance for receiving more coins, I advise you to include the features of Nxt I explained above, in your promotion. "

Not here.


So to anyone else thinking of doing this?

Don't even try.


esquared
Anandtech Forum Director

 

[SagaLore]

I have absolutely no idea what any of this means.

 

[Doppel]

Is this the thing now? Today it is Tulips, tomorrow rosebuds? We will move from one virtual currency to the next hoping to get in early on the greater fool theory? All these multiple currencies are telling us is that to get vested in one now is akin the beta testing.

 

[halik]

Same problem as with bitcoin, there's a fixed max amount available to circulate. Eventually you'll hit the max and experience deflation. No credit, no lending and permanent Japan in last 20 years.

There's also something odd by earning fees via transaction - it's defacto transaction tax, which make the capital markets less efficient. When the Nxt economy heats up (more transactions / velocity of money goes up), it doubles down by inflating the currency/loosening up monetary policy... talk about bubbles.

 

[clamum]

I have absolutely no idea what any of this means.

Same here. I am clueless when it comes to this virtual currency thing, and actually pretty ignorant of economic theories in general.

 

[AViking]

These are all ponzi schemes. Those that get in first make all the money at the expense of everyone else. It should be illegal.

 

[gevorg]

LOL

 

[Printer Bandit]

established account, lol.

 

[PottedMeat]

LOL

lol indeed

You must promote Nxt (post in other forums etc) to receive a donation.

 

[BikeJunkie]

These are all ponzi schemes. Those that get in first make all the money at the expense of everyone else. It should be illegal.

I don't know anything about Nxt, but I'm curious when you say "all" are ponzi schemes, are you referring to Bitcoin as well? I suppose you could classify any store of value as a ponzi scheme if you generalize the definition enough.

 

[BikeJunkie]

LOL

WOW.

OP... just wow...

 

[halik]

I don't know anything about Nxt, but I'm curious when you say "all" are ponzi schemes, are you referring to Bitcoin as well? I suppose you could classify any store of value as a ponzi scheme if you generalize the definition enough.

No, exact opposite - ponzi means value increases from new money entering in, rather than some inherent property that stores value.

Also people are stuff retrded when it comes to currencies, they're chiefly a unit of account. Assets are store of value.

 

[mmntech]

I'm starting to think that bitcoin may be turning into a pump & dump. Especially with the Chinese so heavily involved in it now. Reeks of money laundering.