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LegendaryActivity: 1225Merit: 1000 Re: Adam B Levine about NXT: "...best software out there.. .. future of bitcoin.." March 18, 2014, 06:51:06 AM #21 Quote from: XbladeX on March 17, 2014, 11:54:59 PM Quote from: nakaone on March 17, 2014, 11:25:03 PM Quote from: mindtomatter on March 17, 2014, 10:22:32 PM



If you're just generally not seeing the point of "user created assets" that things like NXT, MSC, and XCP allow I would really recommend reading the free, recently released book by Tim Swanson on Smart Contracts, Smart Property and what all the hype is about.



http://www.scribd.com/doc/210537698/Great-Chain-of-Numbers-a-Guide-to-Smart-Contracts-Smart-Property-and-Trustless-Asset-Management-Tim-Swanson



Good luck!



You don't have to believe me, but if you watch the hour+ hangout linked in the first post I think it'll be pretty obvious I'm not in the bag for any of the protocols, and I'm trying projects on all of them because I want to find out which one is best for which use-cases.If you're just generally not seeing the point of "user created assets" that things like NXT, MSC, and XCP allow I would really recommend reading the free, recently released book by Tim Swanson on Smart Contracts, Smart Property and what all the hype is about.Good luck!

i am also in all three projects (msc,xcp,nxt), what makes xcp or msc "easier" or let us say more useful, is that it is on top of btc. so people can send btc directly into the protocol, without first changing it on an exchange. second point is that the btc blockchain is proven for a few years... . for example xcp has engaged sergio lerner and peter todd for auditing, both are well known heads in the bitcoin community. nxt is trying hard to get their code audited by a third person.



anyway nxt is very promising in the longterm, but the useability is limited regarding adaption - what it needs is time

i am also in all three projects (msc,xcp,nxt), what makes xcp or msc "easier" or let us say more useful, is that it is on top of btc. so people can send btc directly into the protocol, without first changing it on an exchange. second point is that the btc blockchain is proven for a few years... . for example xcp has engaged sergio lerner and peter todd for auditing, both are well known heads in the bitcoin community. nxt is trying hard to get their code audited by a third person.anyway nxt is very promising in the longterm, but the useability is limited regarding adaption - what it needs is time

Where is point to use currency with such high fee...

Most gods is around ~20-50$ now fee 0,5$ this is in basis have fail a bit as currency.

If 1 NXT will cost 1000$ who will use it ?

Even with most advance features cost of using NXT outside exchange make it just pointless as currency...



In same time Bitcoin can cost 10000$ and you can pay 0,1$ fee or less for transfer...



But if we change NXT fee to 0,01 NXT that will probably hurt only that small players.



And today when projects with high lvl of development will arrive soon like NEM,Emunie,Exo,Entherum...

I don't say NXT is bad but that 1NXT fee is killing my interest.



NXT failed at 1NXT fee system...Where is point to use currency with such high fee...Most gods is around ~20-50$ now fee 0,5$ this is in basis have fail a bit as currency.If 1 NXT will cost 1000$ who will use it ?Even with most advance features cost of using NXT outside exchange make it just pointless as currency...In same time Bitcoin can cost 10000$ and you can pay 0,1$ fee or less for transfer...But if we change NXT fee to 0,01 NXT that will probably hurt only that small players.And today when projects with high lvl of development will arrive soon like NEM,Emunie,Exo,Entherum...I don't say NXT is bad but that 1NXT fee is killing my interest.

Wait 2-3 weeks. The fee will be changed to 0.1 NXT approx. by then, and can be even smaller later on.



Why would small fees only hurt the small players?

A whale hardly looses anything if he transfers his 1M for 1 NXT, but it hurts a small player to send 10 NXT for the same fee. Wait 2-3 weeks. The fee will be changed to 0.1 NXT approx. by then, and can be even smaller later on.Why would small fees only hurt the small players?A whale hardly looses anything if he transfers his 1M for 1 NXT, but it hurts a small player to send 10 NXT for the same fee.