Quote from: TheOnion on August 24, 2014, 09:30:31 AM
"Regarding NXT as coins: NXTs are not coins... or at least the creator of Nxt didn't want them to be seen as coins. They are tokens that grant privileges for supporting Nxt.
Deflation is not much better than inflation. "Real" coins should be created on top of Nxt, and be issued in quantities that keep their value constant. BCNext understands that this is very arguable. The community should decide if it wants to follow the path showed by him, or stick to the Bitcoin legacy of an unchangeable supply of coins with which people hope to become rich by doing nothing."

BCNext envisioned it in this way.. the community however sees it as a currency.  We ran a poll and out of ~20 people voting, only one thought that Nxt was not a currency.

Quote from: luckybit on August 24, 2014, 05:42:15 PM
How can BTSX be in a bubble when the main features aren't released yet? I think it's just getting started. I think if it were at 10 cents then we could talk about it being in a bubble.

Seems to me like that is exactly when bubbles occur..  when people are speculating rather than buying BTSX because they want to use it's features today.

I'm still convinced it's a bubble.. but hey, only time will tell.

I did change the title.. friendlier?

Quote from: TheOnion on August 24, 2014, 06:58:16 AM

Quote from: mczarnek on August 24, 2014, 06:53:28 AM

I will put it shortly 'mczarnek' - real currencies do not have bubbles ... read it is as you wish.

TheOnion

Really?  You mean that BTSX isn't a real currency?  I'd call what happened 2 days ago to BTSX a bubble, which I suspect hasn't fully popped.

What makes BTSX bubble proof?  I mean I know that short term they are trying to prop up prices using funds gotten from the IPO.. that won't last long though.

Quote from: yellowecho on August 24, 2014, 04:50:37 AM
I've made some quick comments on all your questions.  I think you should just download the BitsharesX client and give it a shot.. who knows, you may even like it!  :D

Good idea!  I like it.. but I would definitely encourage you to do the same for Wesley's Nxt wallet.  I think you'll be impressed. :)

Quote from: yellowecho on August 24, 2014, 04:50:37 AM
- nxtad.net allows anyone out their to advertise using Nxt as their crypto currency
Cool I love ads!  Wait.. no I dont.  BitsharesX is a DAC and makes money through transaction fees without need for ads.

Not ads in the Nxt forum or wallet.. check out the link, allows crypto advertisers and publishers to display ads.

Quote from: yellowecho on August 24, 2014, 04:50:37 AM
- A decentralized marketplace
BTSX is a decentralized exchange.  NXT's marketplace just has user-issued assets.

You don't understand.. what BTSX calls market, Nxt call Asset Exchange.  Nxt has a 'marketplace' that allows selling goods and services as well.

Quote from: yellowecho on August 24, 2014, 04:50:37 AM
-You can pay your credit card bill using Nxt
You could pay off your credit card with BTSX recent gains  ;)

Not directly!

Quote from: yellowecho on August 24, 2014, 04:50:37 AM
You guys all agree that BTSX is currently in a bubble?
No.

Not saying it's a bad thing.. it'll definitely end higher than it began but look at price and volume tapering off.. classic bubble. Nothing is certain of course, but I am definitely not getting in yet.  We'll see who's right in a couple weeks :)  Bitshares isn't speculator proof from people just hoping to make a quick buck.

Quote from: bytemaster on August 24, 2014, 04:53:03 AM
DPOS security in 5 seconds is better than NXT security in 10 minutes. 

Not for long ;)

Quote from: bytemaster on August 24, 2014, 04:53:03 AM
Bitshares community is better than Nxt community because we don't develop in secret like you are doing.   I am sure you have your reasons, but your claims cannot be challenged nor debated fairly so long as they are secret. 

No the community is very open.. just me being secretive with this one idea, so we can get a head start with it.  I've run it by enough Nxt developers to be confident it should work.  You are right, don't invest in Nxt because I claim to have a better algorithm.. even if you will wish you had :)

Quote from: bytemaster on August 24, 2014, 04:53:03 AM
I consider C++ better than Java in the long-run. 

I don't.. I consider them equal, Java somewhat protects you from making stupid mistakes that could let someone overflow a bugger  or something like that.  They both have advantages and disadvantages.

Quote from: bytemaster on August 24, 2014, 04:53:03 AM
I consider BitShares more scalable at VISA levels.... home computers won't be able to forge at VISA bandwidth requirements.   

Given how fast computers are improving.. by the time we get there, probably they will.  They are close at this point.  And not only that but leasing pools will have high speed, high bandwidth computers.. or else people will lease somewhere else.  So it's ok, if some blocks aren't as full as they could be, as long as the leasing pools, which will be doing most of the leasing pick up the slack.

Quote from: johncitizen on August 24, 2014, 04:50:27 AM
Im getting this as NXT advertising.

Somehow there are 5 points listed for BTSX advantages and 13 for NXT. Perhaps study and fully understand the technology before slinging material in the forums.

Nicely finished off with the bubble theory...

Somewhat correct..  responding to BTSX advertising in nxtforum.org.  Though honestly, I'm enjoying exploring BTSX and once the bubble pops, I may buy in.  I'm impressed by what I've seen.  You guys aren't close to where Nxt is, because Nxt has had a huge lead and has a strong community of it's own.  But I really do just want to start an honest discussion.

I've studied Nxt for 8 months, BTSX for a day.. that's why I'm asking if people could give me bullet points and I will happily add some to the first post.

And yes, Nxt has had bubbles, BTC has had bubbles.. every crypto has had bubbles, nature of the game.  I've seen enough of them and strongly believe BTSX is in a bubble now.  If you let emotions get the best of you, it doesn't feel like a bubble.. look at price and volume and transactions per block.. and it looks like a bubble.  Which isn't a bad thing, I'm surely BTSX will finish much higher than it was a couple weeks ago but it will go down from here.

Quote from: bytemaster on August 24, 2014, 04:21:03 AM
Nxt has more infrastructure today mostly because it has been out longer.   Most of the advantages listed in the Nxt list are temporary and BTSX will quickly reach parity.  Other advantages listed are "future", ie taking credit for planned upgrades without giving BTSX credit for our own planned upgrades. 

Nxt has a lot going for it.  I welcome the competition, the market is big enough for both of us.

I agree, both will continue to grow with time.  I'd like to think that by the time BitShares reaches parity with the current version, Nxt will also have more features by that point and Bitshares will be playing catch up for a long time to come.

That's fair, I removed future advantages for Nxt.  Except instant transactions because it's my own pet project :)

Quote from: bytemaster on August 24, 2014, 04:15:22 AM

Quote-More decentralized.. any who wants to can forge.  Via leased forging you can even just buy some Nxt to lease to a forger.. similar to DPOS's voting system but less likely to become as centralized and anyone who wants can still forge

This is not an advantage of Nxt... BitShares is more decentralized.  While any one "can forge", anyone below a certain percentage ownership cannot do so profitably.  Also the marginal utility argument of adding additional forgers shows there is a limit where additional decentralization costs more than the value it provides.   With BitShares everyone has a say proportional to their stake....

I think at the end of the day Nxt turns into DPOS via leased forging with a different voting algorithm and that is it.

Yes.. but they can lease their forging power to someone else.  Same idea as voting for a delegate.

Also, when it only costs a few dollars a year to forge.. people are willing to do so without needing to be profitable, this isn't Bitcoin where you need heavy duty mining machines.  Even at far past Bitcoin's size, an average PC will be capable of just as much.

Why is DPOS superior?  As I understand it, it's because it allows faster transactions, right?  Well, let's just say if I were to explain my idea.. Bitshares would be the one switch over to Nxt's algorithm.  But still keeping it under wraps until ready to release :)

Quote from: bitbro on August 24, 2014, 04:26:51 AM
unfortunately for nxt supporters, they have mistaken flash for fire, luckily there is time to move to Bts

Why?  What big advantages does BTS have?

We've had some people trying to post to the nxtforum.org to start a NXT vs Bitshares discussion (https://nxtforum.org/general-discussion/open-invitation-to-the-nxt-community!/).  Figured I'd post back here and get one going here as well.  Meant to be friendly and make sure you guys are aware of what's going on in the Nxt community as BTSX and Nxt are the most promising POS coins in my my opinion.

What do you guys think about Nxt vs BitShares?

Bitshares advantages:
-Shorting with collateral, which is a nice addition to AE.
-DPOS
-Faster confirmations
-Titan addresses somehow adds privacy? Could someone explain?
-Probably better marketing team.. Nxt Organization has just started and is trying to change that, but it's going to be a little bit

Nxt advantages:
-Also has an Asset Exchange.  Cheaper to issue an asset, cheap enough that anyone can use it.
-More decentralized.. any who wants to can forge.  Via leased forging you can even just buy some Nxt to lease to a forger.. similar to DPOS's voting system but less likely to become as centralized and anyone who wants can still forge
- Arbitrary messaging
- A decentralized marketplace
- A decentralized exchange(multi-gateway).. your BTC might even potentially get robbed if robber can hack 2 out of 3 separate high-security servers but you will not lose your Nxt via the Multi-Gateway since you trade directly from your wallet.
- I'm in charge of implementing even faster and more decentralized confirmations in Nxt than BTSX has. Coming in a few months.
- Has a blockchain explorer.. which seems pretty basic, amazed you don't have anything nearly as nice as nxtexplorer.com or https://nxtblocks.info/
- Multiple wallets  Wesley's wallet, offspring, Human Fractal's wallet, mynxt.info
- nxtad.net allows anyone out their to advertise using Nxt as their crypto currency
-Alias system.. Bitshares might have this one too?
-You can pay your credit card bill using Nxt
-Many more developers, at least a dozen currently interviewing and just in general has more of the basics implemented.
-Traded on more exchanges

Clearly my money is mostly on Nxt and I know it much better.. so what am I missing that I can add under BitShare advantages?  Any of this stuff that Nxt already implements that BTSX does too? You guys have DACs out yet?

You guys all agree that BTSX is currently in a bubble?

You are also welcome to head over to Nxt and try them out.  The cost to issue an asset there is about $30.