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Hi Strip....I've been participating on LetstalkBitcoin, ... and have a few LTB. Post your LTBCoin address and i'll send you some. Looking forward to episode 128!
QuoteIn order to grow, business owners typically hold strong to their shares as much as possible and pump the services, capabilities and products of their business.
If crypto "currency" were actually valuable because of the service it performs, then we wouldn't need to give away ownership.
The mining subsidy of bitcoin isn't directly felt due to the non-linear increase in demand versus the rather linear increase in supply. Combined with the enormous network effect, you have a problem that consumers will typically stay with the sub-optimal standard. Asking people to migrate to a better standard when the old one is still making them money and sufficient for the needs of value transactions is a tough nut to crack. One can say hey we are better for the following reasons (I think apple did it best ->https://www.youtube.com/watch?v=KNnX6XRQBec), but ultimately, consumers are lazy.
Getting people to do something new usually requires a hook of some kind. With proof of stake, you have to premine the supply. So why not just distribute amongst a basket of currencies and use it as a hook? If the coin starts to get market value, then people have a stake in protecting it and will naturally become surrogates. The keys are properly engineering the basket, the value bootstrap and consistent release cycles. The Nxt team got two of the three right, but succumbed to greed for the distribution. Ironically, if they had simply given the coin away via a snapshot distribution and bought up cheap coins during the initial launch, then they probably would have had similarly sized stakes without any fairness fallout. This action would have also created the perception of demand for Nxt, combined with clever marketing, could have made it a legitimate contender to replace bitcoin (and why not, roger will still have a lot of Nxt).
The whole thing really just seems like a wasted opportunity to me.
I'm pretty much for trying these ideas but I would say it's essentially what NEM tried to do for NXT (Solve NXT's botched initial distribution problem, invite them & the other communities to get free stakes, even had support of some NXT devs.) But even before the recent controversy it looked like it was achieving limited success vs. the original.
QuoteI wouldn't write Nxt off so easily. They are likely going to outlast Bitcoin and will be our biggest competitor for a while.
Dan is correct. Nxt has a persistent community, some good developers and are a few forks away from being a legitimate replacement for Bitcoin. Translation, you guys should launch a bitcoin replacement currency using DPOS and Titan that splits distribution amongst the most popular coins and AGS. Steal the Nxt community via outreach and innovation.
… my opinion is more close to yours btw.
Re: Anyone else have a feeling NXT is about to explode?
Today at 10:37:05 PM
#162
I think some of us are missing the point here: all of the features of both NXT and Ripple are open-source concepts, anyone can implement them and in many cases it's kind of difficult to figure out who originally came up with a particular concept. So to say that x is copying y is a fairly pointless game, like saying that Ford are copying Nissan by putting wheels on their cars......
NXT is revolutionary not because of any specific feature set, but because NXT has been designed from the ground up to be a platform for other applications, not just a currency.
This means that if you can come up with a concept, you can probably figure out a way to implement it on NXT.
Just take a quick look at the list of projects that NXT is already supporting:
https://nxtforum.org/nxt-projects/
And we haven't even got on to the features list/road-map yet....
Just won first 45 sec slot on 128 episode of LetsTalkBitcoin.
It will be a quick update about the Bitshares X project. I hope it will be helpful for our community prior Bithares X launch.
Auction was held here and I paid with LTBcoin.
Adam doing great things with LTBcoin. Its enable average guy like me to bring some value to the community and make a difference.
It was very exciting experience and I hope together we will collaborate on the future updates.
how often are prizes awarded? once a day?
for AGS - PTS shareholders, even if we import the keys we cannot play until 2.5 months have passed correct? So in any case we should wait until 2.5 months have passed before we import our keys, or have I misunderstood?
