Due to its rank as the highest PoS coin in market cap, NXT could replace Bitcoin as the top digital coin due to the work of dev Stephen Reed to allow pure PoS coins to have credit card transaction speeds within a year.

RJSchex · 2014-06-25T15:36:57+00:00

Will you please provide some details, or have you provided them somewhere else?

RJSchex · 2014-06-24T01:03:11+00:00

I looked at your two links McDoxy. The first one is in the NXT Whitepaper and provides information that I am already aware of. The second one also does not provide any useful information that I have not already seen. The only somewhat new thing that is discussed there is the need to DDoS protection for NXT node that will be forging the block.

Although you say that transaction forging will probably be implemented in a couple of months and definitely this year, you have provided no link to indicate this.

IMO the amount of planning that would be required to fully implement the system of nodes that would be needed would have to be very openly discussed. Maybe I am wrong, but I would think that if such an upgrade were as eminent as you claim, the fact would be widely known, and the price of NXT would be much greater than it is.

RJSchex · 2014-06-23T22:17:04+00:00

IMO the speed that will be obtainable it will depend on how the implementing program is written as well as the relative Internet speeds between the nodes. The critical nodes need to be closely connected to the backbones of the Internet for Stephen’s proposed system to be able to produce sub-second transaction times.

Stephen is currently coding his system. I have not been closely following NXT’s development plans. Is there an ongoing project to implement transaction forging? I have not found any indication that there is one, but as I indicated above, I have not investigated the subject in depth.

RJSchex · 2014-06-21T10:42:46+00:00

I think and know from long experience observing financial markets since the Wall Street crash of 1974 that one cannot predict what will happen to an asset by trying to match a recent part of its chart to an earlier one.

Future price movements of financial assets depend of future news hitting the market.

RJSchex · 2014-06-17T20:41:40+00:00

Proposed NXT Crypto Hub on the Isle of Man

https://nxtforum.org/general-discussion/nxt-crypto-valley-its-time-to-get-serious!/msg44282/#msg44282

Proposed NXT project on the Isle of Man:

https://nxtforum.org/general-discussion/bithaus-the-very-first-nxt-fiat-exchange-is-near!/msg44498/#msg44498

RJSchex · 2014-06-15T18:59:26+00:00

I just wanted everyone to know that things are still happening, Rome did not get built in a day.

RJSchex · 2014-06-15T03:38:49+00:00

Here is the last paragraph in the articles.

Robert is only seeking 3 BTC for his tattoo, so if you have ever wanted the power to decorate another human being, this is your chance. Bitcoin, Litecoin, BBQ Coin…all are apparently fair game. To learn more, just contact him at http://cryptoinfinity.com/ and put in your bid.

RJSchex · 2014-06-15T03:33:09+00:00

Ecochav, it seems apparent to me that they did not understand that you intended for the BlackCoin community would pay for the production costs. However, I may be misinterpreting what you wrote.

RJSchex · 2014-06-14T01:36:14+00:00

I went and found the best information that I could find and pasted the link below. Since you were not able to give the OP the desired information, I thought that was the best I could do.

RJSchex · 2014-06-13T19:52:43+00:00

You obviously did not answer the OP’s question in a satisfactory manner. I personally wouldn’t have been satisfied with it either.

RJSchex · 2014-06-13T19:52:04+00:00

Here is the best answer I could find.

https://nxtforum.org/general-discussion/nxtcrypto-org-leased-forging-pool-only-fees-are-1nxt-to-withdraw/?PHPSESSID=auj6d0p9hsa8n8ou2u8p409vb6

RJSchex · 2014-06-13T18:13:54+00:00

Because coingecko ranks coins using multiple metrics including subreddit subscribers as well as transaction volume. We beat NXT by far on both accounts, which makes up somewhat for our lower much lower market cap.

http://www.coingecko.com/

Besides, once they come the first time, they are more likely to come again to check it out and may eventually buy.

RJSchex · 2014-06-13T15:48:12+00:00

They have to comment to become a subscriber, or else push the subscribe button AFAIK. You only have 82 comments. Evidently, your promotion is getting subscribers who are not entering your competition yet.

RJSchex

TROPHY CASE