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.

I installed 0.4.7 and it crashed.

I deleted all folders except for the wallets folder.

Then I restarted the client and was prompted to reset the database or not, I did.

Then without prompting for a password the wallet loaded up and displayed all contents/balances, etc. (locked however). 

After attempting to sync for a few minutes it auto-logged out and then went to the password screen.

I don't like this thread ...
Even starting a thread with a topic like that is too aggresive, and offensively attacking an other community that wants to achieve equal goals.
Have you guys ever thought about that the NXT community can read this here?
Would you like to be treated like this?
I'd like to remind everyone that we have a netiquette! Everyone on the internet should know about it!

Quote

“Don't do unto others what you don't want others to do unto you.”
― Confucius

Let's get back to the hard facts. And leave sentiments aside! Thanks

Quote from: bitbro on August 24, 2014, 04:53:40 am

We don't have any more time for nxt here.  Read BM's latest blog post on letstalkbitcoin and learn about Bts>nxt, Bts>btc


Sent from my iPhone using Tapatalk

We, do ...

we need everybody aboard...

Quote from: mczarnek on August 24, 2014, 04:41:47 am

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?

If you can't see the future, then you should hedge your bets

So claiming that Mt. Gox USD is always worth a dollar is the same as claiming BitUSD is always worth a dollar.  Sometimes GoxUSD is worth more than paper USD (if you want to buy in the next 48 hours)... sometimes it is worth less (you need paper USD in the next 48 hours).   Thus GoxUSD vs Paper USD has similar price volatility to BitUSD / Paper USD.  You don't see anyone complaining about exchanges making the claim that your USD deposits are pegged to the dollar yet the RISK that you could get nothing for your Gox USD is always there.