tag:blogger.com,1999:blog-70940130163794125862024-02-20T23:21:43.205-08:00Nxt Salsacz's BlogSarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.comBlogger45125tag:blogger.com,1999:blog-7094013016379412586.post-53145536701231823752014-09-08T10:05:00.000-07:002014-09-08T10:06:57.703-07:00Paypal created a video supporting Bitcoin just 4 days agoJust 4 days ago were invited different actors, models or speakers to the Paypal headquarters to make a video that was just released:<br />
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It is definitely teasing a cooperation between Paypal and Bitcoin.<br />
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We already know this is no error, as you can see it from the tweets:<br />
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Jac Vanek @jacvanek · 4. 9.<br />
Did a lil somethin w/ @PayPal & @davepeck & I was too busy looking like a dork to take any pics 📷: @TheSharkDaymond<br />
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A photographer Jac Vanek made a photoshoot for the video, where were Kendra Mckenzie or Daymond John and all others.<br />
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You can find Daymond John in the 24th 52nd second...<br />
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And compare their tweets:<br />
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Daymond John @TheSharkDaymond · 4. 9.<br />
.@davepeck @JeremySpund thanks Dave and @PayPal We had a Blast!<br />
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Kendra Mckenzie @kendramckenzie_ · 4. 9.<br />
Spending the day being a sexy fit model for my best friend @jacvanek 💁 wish I could tweet photos but I can't spill secrets!!<br />
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And some other mentions:<br />
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Spund City @JeremySpund · 4. 9.<br />
Thank you @paypal @davepeck and the mistresscreative team for the great hospitality today! It was fun!… http://instagram.com/p/sijQ1NlagY/<br />
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Dave Peck from Paypal social team was organizing the whole thing probably.<br />
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TLDR: This thing is definitely real, but it also happened very fast. They really wanted to make it happen before the Apple announcement :)Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com6tag:blogger.com,1999:blog-7094013016379412586.post-45984920445807668242014-07-30T14:22:00.001-07:002014-07-30T14:22:10.066-07:00University of Economics in Prague NXT projectThe text was written by: HassenBlasques<br />
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Hello,<br />
<br />
I am going to run a project with students of the University of Economics in Prague. I got inspired by this thread: https://nxtforum.org/general-discussion/%28ann%29-nxt-academic-outreach-program/100/, where the NXT Academic Outreach Program (NAOP) was announced. I have already published my plans in the thread.<br />
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I am a PhD student and a teacher at University of Economics in Prague. I work at the Department of World Economy. I would like my students to get to know Nxt and cryptos in general and write economic papers about the ways they may be used in a useful way for both individuals and global economy. The head of our department supported the project so that I can work with not only my own students but with hundreds of students on the Faculty of International Relations, potentially.<br />
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I want to create a wallet for every student that volunteers for the project and give away 500-1000 Nxt to each participant. Such amount is motivating enough - taking in account the level of income in Prague – but not yet too high to attract someone who would not be interested in Nxt.<br />
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I want my students not only to get to know Nxt and learn how to use it in practice. I want them to think about its utilization in global economy too. Students' papers (or even theses) should emerge from the project, bringing interesting new ideas. I also hope that Nxt would start being used at the university as a currency for students' projects, proving it is a vival and liquid tool for community activities. I have prepared several interesting topics; nevertheless, I am going to let the participants to come up with their own topics too, naturally. These are some suggestions:<br />
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- Nxt as a reserve currency<br />
- asset exchange - startups, crowdfunding<br />
- currencies built upon Nxt AE<br />
- currencies collateralized by resources<br />
- electronic money for Africa<br />
- save money transfers for migrant workers<br />
- private currencies in form of firms’ IOUs and their aggregation<br />
- contracts within blockchain<br />
- accepting Nxt payments (including a study of benefits)<br />
- marketing, advertisement<br />
- encrypted uncensored communication<br />
- utilization of the net’s hashing power (more of a topic for proof of work cryptos but still)<br />
- hashing power as a flow-type currency<br />
- popularization of Nxt at the university, its usage among the academic community<br />
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The participants can work on their own as well as in small teams. My role in the project would be supervising, consultancy and evaluation of the papers. I am going to write a paper concerning the project and its outcomes too. As far as I know, there is only one such project running – at MIT. And the MIT project is concerned with IT specialists. Mine would, on the other hand, involve economists. Knowing this, I suppose my paper could be accepted in an influential scientific journal with impact. I believe that a recognition by a scientific community would significantly help Nxt to retain and strengthen its position among the most important crypto-currencies. I also hope the students of economics can invent some new interesting ways how to use Nxt and its net and community. All their papers will be available for promoting Nxt.<br />
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On top of the papers, I will monitor the way the students have used their Nxt coins (to the degree the blockchain allows me to). Some of them may exchange it for fiat immediately, some of them may try to speculate, some may examine its various functions, some may decide to multiply the initial amount e.g. by accepting Nxt in their own businesses. I would like to stimulate them by awarding the 3 participants with the highest number of Nxt on their wallet in the end of the project with an additional Nxt reward.<br />
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Last but not least, I would like to repeat the project at a different university next semester, after it would prove itself to be worthy. I am going to be a doctoral exchange student. I am considering applying for University of Nicosia on Cyprus, where they run a Bachelors program concerning crypto-currencies. My own specialization is Alternative monetary solutions. I have already written and published several articles on this topic, including this one about Nxt: https://nxtforum.org/general-discussion/nxt-papers-whitepapers-academic-and-economic/ (Economic Parameters of Nxt).<br />
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We could also connect our students to Nxters via videochats, so that we can have some QA discussion sessions or we can stream the student presentations to the world. Potentially, some Nxt developers or promoters could visit the students face to face.<br />
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Since I don’t have resources for supporting the project, I am kindly asking the Nxt community to crowdfund the project. If you like the idea, please send a contribution to this address I opened solely for the purpose of crowdfunding of this project: 13727074986936672578 / NXT-7AC4-Z4SS-UNXK-DX42X. The more money I acquire, the more students I can involve. I would like to work with 30 - 100 students.<br />
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I am also very open to your suggestions, comments, critique here: <a href="https://nxtforum.org/nxt-projects/university-of-economics-in-prague-nxt-project/">https://nxtforum.org/nxt-projects/university-of-economics-in-prague-nxt-project/</a>Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com2tag:blogger.com,1999:blog-7094013016379412586.post-66068470310648756232014-07-26T11:06:00.001-07:002014-07-26T11:06:19.273-07:00NXT is designed to be a lubricant to the financial system (by: jefdiesel)Bitcoin is MONEY with very few financial tools. Its digital FIAT. You go to work and get paid then you can buy food, shelter, etc. The end. Back to work tomorrow, earn more. The only reason BTC value has increased is demand. Remember BTC is finite and there will eventually be no more (proof of) work to be done. Like a mine town when the mine taps out.<br />
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NXT has a different place. Its not to be worked for or spent on consumables. It has a value that people will exchange for goods and services, in limited manners now.<br />
The analogy I use is its like having no money and paying for gas with unvested Facebook shares. If the gas station attendant was smart, he'd pay for you gas himself and keep the stocks. But not all people will be able to afford such actions. They need to buy food and shelter.<br />
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NXT is designed to be a lubricant to the financial system. It is a medium through which greater value will pass. The design will allow a much decreased overhead, and instant and secure transactions.<br />
The gas station will not want to accept NXT for gas, instead the gas station will use a system based on NXT to process all payments, handle payroll, rent, banking, and accounts payable. The gas station may never know what NXT is.<br />
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As holders of NXT, we are serving to secure and grow this network. The liquidity issue in NXT more concerns distribution, as the security relies upon NXT being in many peoples hands, and less about being available to be simply spent.<br />
The price seems to represent these needs. This reduces the importance of numerous exchanges, as users are not simply moving through NXT into other goods or services.<br />
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NXT needs a healthy market, but more importantly it needs a robust market. Exposure on pump and dump exchanges is not doing anything for anyone. When people want to buy NXT, they will go where it is sold. There is a demand for NXT to Fiat of course, but even that is secondary.<br />
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MGW offers a decentralized market which is the purest ideal at the moment. Banks and laws are the complete opposite direction. NXT has the planned financial tools to make these regulatory bodies obsolete.<br />
NTX does not need Legal legitimacy, it has secure features that out strip any laws of man.<br />
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Source: <a href="https://nxtforum.org/introduce-yourself/am-i-doing-good)/msg70966/#msg70966">https://nxtforum.org/introduce-yourself/am-i-doing-good)/msg70966/#msg70966</a>Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com1tag:blogger.com,1999:blog-7094013016379412586.post-57156522136767043812014-07-14T02:38:00.000-07:002014-07-14T02:38:19.303-07:00Why is Nxt decentralized Multigateway safer than any other centralized gateway? (by: jl777)<b>Server redundancy</b><br />
In case of hardware failure, always remaining 2 servers provide ability to release funds.<br />
<b>jl777: </b>Server redundancy is quite a benefit, especially when you consider blockchain forks. For a centralized gateway if their server (for any coin) goes on a fork, well, problems. With MGW, at least on the withdraw side everything comes to a stop. Granted response time isnt good, but I think stopping all withdraws until the fork is resolved is really the only practical solution and MGW design does this automatically. Also, MGW uses the blockchains as its database, thats pretty redundant.<br />
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<b>More secure </b><br />
<b>sile16: </b>Potentially slightly better security. 2 hosts would have to be compromised, but assuming a hacker can compromise 1 host, and all 3 hosts are running the same OS, and MGW software then if he can find an other host whatever method worked on the first one would probably work on the second. As for finding the hosts, it seems like you could just crossreference all the IPs of BTC nodes as well as NXT nodes. However, if MGW was re-implemented 3 times by 3 different programers and secured (os, firewall, etc) 3 unique ways it could achieve significantly higher security.<br />
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<b>jl777:</b> Your assumption of "if he can find an other host whatever method worked on the first one would probably work on the second" is flawed. The three MGW hosts will be proving three different sets of operational security, each based on their own proprietary security procedures. Its not like there will be a magic incantation that opens all the pathways to the MGW private keys. Now even it there was, it wont be as simple as doing a sendmoney call as all the funds are in multisig accts. Maybe this is not a big issue, but also, there wont be a single large account, but lots of small accounts. So, this magical hacker needs to crack one server host then while undetected crack another MGW host, then deal with hundreds or thousands of accounts. All without being detected as once detected, everything can be shutdown. Now how exactly the hacker will even contact an MGW server externally is a mystery to me. In any case, MGW doesnt have to run faster than the bear, it just needs to be more secure than a centralized setup. I think a social engineering hack is the weakest link, but whatever the exposure the odds are P*P vs P, where P is the probability of being cracked. Add to that the difficulty of multisig tx, add to that the lack of a centralized account. Whatever those factors are, call it X factor we have MGW being (X / P) more secure. So, if odds of one facility being cracked are .001 and X factor is 5, MGW is 5000 times more secure.<br />
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<b>Other benefits</b></div>
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<b>Open</b></div>
MGW is open. Meaning anybody can do a realtime audit on all the account balances and compare against the outstanding assets. In fact, the MGW client does this when configured with bitcoin-qt. I dont know of any centralized gateway that lets you verify they have 100% backing. Fractional reserve is always a tempting thing, but with MGW it is not possible. This is something that you overlook and I think could be one of the most powerful MGW advantages. You dont have to trust the issuer to not do fractional reserve, it is all there on the blockchain and the MGW clients can monitor this block by block. So in this most important sense, MGW is trustless. Realtime verification of unspent reserves.<br />
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<b>Secure</b><br />
MGW is thousands of times more secure than centralized gateways. MGW does NOT require trust that it has 100% reserve. MGW has lower target appeal due to no central wallet and multisig. MGW utilizes blockchain redundancy for its state data and is more immune to blockchain forks. MGW is monitored by all independent nodes running the MGW client (which is 95% the same code as MGW server) to obtain realtime verification of all MGW operations, eg. deposits and withdraws.<br />
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Now a totally blockchain solution is of course theoretically much more desirable, but I am not smart enough to figure out how to do it. The fundamental problem is "where are the private keys". If you can figure out how to store the private keys on the blockchain without allowing anybody to just empty the accounts, then let me know and I will implement it. To my knowledge, MGW is far and away the most secure gateway solution with the least trust required of any gateway in existence.<br />
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Basically, technically it is the best. The bottomline is users have to use either a centralized exchange, a centralized gateway or MGW. Well, OK, I guess people can use NXTsubatomic/NXTatomic and not have to deposit their bitcoins anywhere. Maybe for people like you that seem to want to eliminate all third party risk, that is the way to go. I do understand your point of view. So the best gateway is no gateway at all.<br />
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James<br />
Source: https://nxtforum.org/nxtservices-releases/how-to-test-multigateway-with-nxtservices-a-test-user-guide/msg64364/#msg64364Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com3tag:blogger.com,1999:blog-7094013016379412586.post-90494951807244598432014-07-09T08:38:00.002-07:002014-07-09T09:30:26.261-07:00What is Nxt Economic Clustering?This concept is a development of the idea of Economic Majority introduced by Meni Rosenfeld.<br />
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In his notes BCNext states that EC solves the most critical flaw of Proof-of-Stake concept, according to the description this flaw is what others call "Nothing-at-Stake" problem. <a href="https://bitcointalk.org/index.php?topic=553205.0">The 3rd part of the Plan</a> contains such the words:<br />
<i>Mining in Nxt relies on cooperation of people and even forces it</i><br />
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That was said about EC.<br />
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The concept of economic clustering is quite simple. Words "economic majority" say enough to explain how it works. From technical point of view it means that if someone decides to rewrite the history of the blockchain he won't be able to include transactions of those who don't take part in the attack, because every transaction contains the id of one of the recent blocks. When Alice sends money to Bob in exchange for something she'll get what she wants only if Bob validates the transaction. And this can happen only if they are both on the same branch.<br />
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Forgers can't forge all branches at once, they are faced with a choice, an attempt to forge more than one branch will lead to their exclusion from one of the clusters.<br />
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The proposed technical solution will also be used for analysis of transactions to detect forks. This is one of the reasons why I decided to implement part of EC without waiting for complete TF. Another reason is that proposed solution should be peer reviewed. Recent hot debates on BitcoinTalk regarding Nothing-at-Stake show that people are paying a lot of attention to PoS cryptocoins. This is a good opportunity to get a lot of reviews.<br />
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Extra consensus rule mentioned in the <a href="https://bitcointalk.org/index.php?topic=364218.0">1st part of the Plan</a> is a rule that defines choice of an economic cluster a node sticks too. I can't reveal all the details yet, we still need to build infrastructure of nodes and hubs and (this is more important) to form such a cluster...<br />
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By: Come-from-Beyond, https://bitcointalk.org/index.php?topic=587007.msg6877338#msg6877338<br />
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PS:<br />
<b>Monetary System </b>will allow to create currencies on top of Nxt. In the very beginning only basic operations like money transferring will be available for such subcurrencies. At some point (BCNext wanted this to happen when market capitalization of Nxt == capitalization of Bitcoin with 21'000'000 coins) the community will allow to use subcurrencies for all other things - trading assets on AE, buying goods on DGS, etc. This is supposed to slow down the deflation caused by limited supply of NXT. We don't need Antideflation* right now, but it's better to have it ready earlier than later, coz some non-revealed features of Nxt may lead to explosive growth of the userbase.<br />
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Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com2tag:blogger.com,1999:blog-7094013016379412586.post-62780479858590332102014-07-09T07:59:00.004-07:002014-07-09T08:00:26.418-07:00Decentralized internet and Nxt solutionsPeople started to realize they have almost no privacy on the internet in last years. More and more web users are looking for free an independent network without any restrictions and spy agencies. John Perry Barlow in his 1996’s manifesto asked for naturally independent internet without any methods of enforcement from the governments. His ideas weren't accepted, so today Google comprises 25 per cent of all North American Internet traffic. You cannot access Facebook in Bangladesh or China. At some escalated days you couldn't use Twitter (and Facebook) also in Egypt, Iran, Syria, South Korea or Tajikistan. These restrictions are quite small if you compare them to the different kind of manipulation: internet controlled by major players: Google, Amazon and Microsoft.<br />
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Amazon Web Services decided to pull the WikiLeaks website from its servers in 2010. They said it was a violation of their terms of service, but Amazon was also under a political pressure. This incident raised questions about freedom in independent media. Google removes 1300 sites every year by government requests from 25 countries, including Cyprus, France or Japan. The problem with Google Compute Engine or Microsoft Azure is in a monitoring system which controls its functioning. This regulation needs to be very massive, because users want to view only very limited content on their mobile platforms.<br />
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If you look at Apple, they are selling iPhones with iOs or iTunes, but they also decided to launch iPad news publication controlled by Rupert Murdoch's corporation. The readers of this iNewspaper will be able to read only texts approved by one company. Edward Snowden’s leaks brought another reason not to trust centralized cloud systems: Security Agencies were secretly collecting users’ data from data centers owned by Google or Yahoo. The fear of hidden back doors opened debates about need of truly decentralized internet network.<br />
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In centralized web all your data, used searches, messages, photos and videos are owned by corporations who know everything about you. There is no online privacy on the internet in 2013. Corporations are trying to create a new internet 2.0, where all information is stored on cloud services. So you will be able to access your files on your mobile phone, tablet and notebook. This way you are going to lose all privacy. Pakistan already implemented a mandatory biometric regime for SIM-card users. All fingerprints used for purchases can now be used for the state fingerprint database. On the other hand in Mexican village Talea de Castro was built an independent mobile network, without any control of state governments or big corporations.<br />
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There are some places where decentralized network connects some local areas. Project Guifi started in 2000s by Ramon Roca. This local network has got more than 21.000 wireless nodes, most of them from Catalonia. Its users communicate with each other P2P. This project now hosts web servers, videoconferencing services and internet radio broadcasts. This system is based on radio wireless network, so it would work also if the internet was shot down. Very similar network based in the US is Hyperboria, a virtual meshnet that runs P2P through the existing internet. So it needs internet connection, but its content is unreachable by centralized servers.<br />
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Internet is centralized thanks to ISPs' (internet service providers) switches. That's why could be protesters in Egypt unplugged on 28 January 2011. This might be prevented by decentralized systems with enabled internet connection between all computers in the network. Decentralized computing can be used for file sharing, payments and all kinds of online communication. It is based on a peer-to-peer applications running on several local computers, whose connect remotely to each other.<br />
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One of the implementation of decentralized internet is a lightweight version of the free Linux operating system invented by Jacob Cook (ArkOS). It has a big advantage of its cheap maintenance: you can run it on Raspberry Pi, a little microcomputer, cheaper and smaller than your mobile phone. It allows hosting for any data that you can access anywhere. This way users don't have to use Dropbox or Amazon, services owned by someone else.<br />
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Bitcloud will try to make anonymous internet, with invention of routing traffic in a brand new mesh network (= Proof of Bandwidth). So the internet providers won't be needed. It's already aiming for replacing YouTube, Netflix, Hulu, Soundcloud or Spotify. It is quite similar to MaidSafe, which is a bitcoin for data that aspires to replace Skype, Facebook, Dropbox, Tor or Wuala.<br />
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A few years ago was created Diaspora, distributed and decentralized social network. The problem is even this project was backed by specific organization (Free Software Support Network) which means centralization. The FreedomBox brought decentralized system of encrypted voice and text communication. Anyone can anonymously talk to the media or public using FreedomBox, even from countries censored by governments. However FreedomBox foundation is a Delaware nonprofit corporation - so even this project is based on centralized group of people. Their goal was to eventually replace Facebook/Twitter/Flicker, but they didn't complete the application yet. Also using a Kickstarter and payment by Amazon for funding is very centralized way of getting to the system. Almost four years after the Kickstarter funding ($86.724) the backers still didn't obtain an application they paid for.<br />
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All these programs had a problem with getting a mass adoption. They were so specific, that they couldn't find a relevant number of users. So Identi.ca and GNU social didn’t replace Facebook, Mega, Parley, Scramble,StartMail, BitMessage, Darkmail, FlowingMail or Pond didn’t gain as many users as Gmail. That's why is important to have one solution that could easily maintain the whole decentralized internet.<br />
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<div style="text-align: center;">
<b><span style="color: blue;">Nxt solutions</span></b></div>
If you want to enter the game as a decentralized application, starting as a currency to obtain a wide distribution is a good place to start. All of the above mentioned projects have had problems with integration and distribution. Nxt started as the first pure Proof of Stake cryptocurrency in November 2013, and since then - in just a few short months - it has gained more than 20.000 users. The first part of BCNext’s plan, the anonymous inventor of Nxt, was spreading the monetary system among as many users as possible to create a network of decentralized P2P computers (nodes). This network is based on a lightweight client running on each connected node, so it can send data directly P2P. Thanks to the new code, it can provide up to 100 transactions per second.<br />
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Nxt uses an efficient system to maintain the network by using much lower processing power and electricity than is needed for Bitcoin and its clones. It is important to stay decentralized, by forming the Nxt network from thousands of users from all over the world, so this system cannot be censored. You cannot point to any owner of the Nxt system. Ordinary users don't own Nxt coins, they only know the passphrase to a Nxt brainwallet. This means that no legal entity can take Nxt coins from you… There is no creator to blame, no specific user to arrest, and you cannot take the Nxt network down. Nobody can censor P2P networks. Nxt also is not vulnerable to 51% attacks like Bitcoin, so even if someone owns 90% of all Nxt coins, the Nxt network is secured thanks to Transparent Forging algorithms.<br />
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Nxt evolved after the second part BCNext's plan was revealed. Nxt coins cannot only be used as currency, they can also be the building blocks to implement any other project on top of the Nxt platform. Different people may have different ideas. Nxt will provide a platform for easy creation of new currencies. Thousands of cryptocurrencies can be built on top of the Nxt network. They are maintained on Nxt blockchain, but they will have their own environment. Also, people can use assets to issue new coins, so they can easily create their own monetary system via the recently implemented asset exchange. All will be secured by Nxt’s green and attack-proof environment. It is up to the creators of those coins, whether their currency will be Proof of Work (Dogecoin), Stake (Peercoin), Bandwidth (Lakshmi, Bitcloud), Burn (Counterparty) or even Learning and Content (UNITAS project). These coins can be used for different purposes– as redeemable "points" and "credits" for businesses and organizations, as redeemable tokens for prepurchases, or local community and even national currencies. Iceland is introducing Auroracoin, when half of all coins will be sent to all of the Iceland inhabitants. Nxt could eventually replace even US Dollars.<br />
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Nxt applications similar to Twitter and Viber (messages app) are now available. Soon, the first game built on top of the Nxt network will be published: a decentralized Poker game. It is very simple to create new applications for Nxt. Nxt will be like Lego for cryptocurrencies. Developers can build anything they imagine on top of Nxt.<br />
Nxt Arbitrary Messages lead us to the true decentralized web - torrent files have already been sent via this network. With multiple parallel blockchains running side-by-side, Nxt will be able to provide cloud storage and file sharing apps. The principle behind these applications is using different blockchains for different purposes: one for file storage, one for messages, and so on. Each app will use only a specific blockchain(s) and won't be spammed by the others. Additionally, with blockchain pruning, users will not need to download large blockchains as they do now with Bitcoin and its forks.<br />
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Other functions based on Zerocoin and mixing services can provide a completely anonymous infrastructure that was originally built in the Phantom protocol - a decentralized network that focuses on the anonymization of users. Currently, Bitcoin and Nxt are only pseudonymous - transactions from the same account can still be linked to each other. With the Zerocoin feature integrated into the NXT core, it will be mathematically infeasible to link the particular coins used by each user.<br />
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Decentralized computing systems built on the Nxt platform could locally solve all kinds of research projects. Thanks to the extremely fast Nxt network, home computers can work on mathematical projects so their owners may receive crypto coins. With built-in decentralized exchanges, such coins can be immediately exchanged for other coins. Currently being tested, the decentralized Asset Exchange allows users to transform these coins into assets for fiat currencies, shares or commodities such as silver and gold. Anyone can use these exchanges without any restrictions of high fees. Asset exchange will replace “kickstarter websites” because with Nxt you can create a kickstarter crowdfunding project without any 3rd party.<br />
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Nxt uses small fees, and these fees are always returning to the users who maintain the Nxt network. While fees in VISA or PayPal system go to the centralized corporations, in the Nxt ecosystem, they are distributed fairly between users. While Bitcoin is capable of 7 transactions per second (TPS), Nxt is going to have 100 and then even 1000 TPS, so Nxt payment network might replace VISA eventually.<br />
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Nxt will be soon cooperating with DAC (Distributed Autonomous Corporations), such as Bitcloud or ArkOS. Automated Transactions, the Turing-complete scripts, are already being developed. With Bitcloud, nodes on a mesh network can be rewarded financially for routing traffic in a brand new mesh network. This removes the need for Internet Service Providers. The goal is always same: to replace YouTube, Dropbox, Facebook, Spotify, and others with decentralized, open source alternatives.<br />
ArkOS and Nxt systems are very ecofriendly, you can run Nxt on a Raspberri Pi too. Possible merging of these projects may lead to a future of free, decentralized and green internet. Especially if the programs created on top of Nxt network used applications similar to ArkOS.<br />
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Currently, United States Federal Grants have been used to invest into installing Fiber Optic Cables. The fiber was installed and then control turned over to Kitsap County Public Utility District. Then, it was forbidden from selling access to this fiber. So instead, they have installed a free mesh network providing access to the communities of Poulsbo, Bainbridge Island, Bremerton, and Port Orchard. NXT Cubietrucks or Odroids connected to federally funded community WIFI mesh connections will connection redundancy to the Nxt network.<br />
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Another example of the grassroots deployment of a Commotion Wireless firmware based mesh network is in Brooklyn New York following Hurricane Sandy at the request of the local authorities. This mesh network exists to this day and is served by a donated fiber optic backhaul. The network serves over 500 residents who access it with iPhones, Androids, and other WIFI client devices. The mesh network was deployed by a small group of wireless networking enthusiasts utilizing Ubiquiti Networks Picostations and Nanostations and federally unlicensed wireless spectrum.<br />
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These two examples of currently existing community wireless mesh networks are perfect candidates and examples of existing decentralized networking that can be immediately integrated into the operation of the Nxt network. The Commotion Wireless project is active is Seattle and many other major US cities. Wireless mesh networking holds the capability of creating geographic mesh networks that interconnect globally via existing fiber optic backhaul, sidestepping the stranglehold of telecommunications providers worldwide. The day the Nxt network has sufficient backhaul redundancy through mesh networking will be a glorious one indeed, as Nxt data will no longer be required to traverse legacy information channels dominated by government sanctioned communication oligopolies.<br />
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The third part of BCNext's plan will be released on April 2014. It will most likely be his idea about building all kinds of decentralized applications on top of Nxt’s green network. Since the Nxt system is democratic and users will be able to vote on all important decisions, people do not have to follow BCNext's plans and can continue with Nxt as a simple currency. This is one of the most important aspects of Nxt: the creator BCNext has no power over Nxt and he cannot control its development. All the power is in the hands of independent developers and code reviewers, with input from the community. He can only suggest new ideas, but he cannot implement them directly in the protocol. Nxt has no benevolent dictator, no sponsoring company or corporation. Instead Nxt is organized around active users and contributors. Some people have already begun to work on new coins and other implementations, so BCNext's plan will likely be fulfilled as well as inspire new ideas.<br />
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Nxt is one step ahead of all other decentralized platforms thanks to its kickstart as a cryptocurrency. It is now ready to become a new decentralized internet. Nxt provides a powerful and flexible platform for developers, allowing them to easily develop new applications for Nxt. Thanks to the great community behind it, from the participants of the now almost two thousand pages of discussion in the Nxt Bitcointalk “pub” thread, as well as other forums. Nxt has achieved so much in such little time. Anyone can join this fantastic group of open-minded individuals and make a positive contribution. You can join Nxt at http://mynxt.org / http://nxtcrypto.org / http://bitcointalk.org/index.php?topic=345619.0 to learn more.<br />
<br />Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com1tag:blogger.com,1999:blog-7094013016379412586.post-28872220233279856862014-07-09T07:55:00.002-07:002014-07-09T07:58:43.529-07:00Nxt cryptocurrency - introduction and texts for journalists<div style="background-color: white; color: #222222; font-family: Calibri; font-size: 11pt; margin: 0in;">
<span style="color: black; font-family: arial, sans-serif; font-size: 11pt;">Dear Mr Journalist, </span></div>
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<span style="color: black; font-family: arial, sans-serif; font-size: 11pt;">I would like to inform you about new generation cryptocurrency - </span><strong style="color: black; font-family: arial, sans-serif; font-size: 11pt;">Nxt</strong><span style="color: black; font-family: arial, sans-serif; font-size: 11pt;">. Nxt is not based on Bitcoin's source code (like all other altcoins). It is faster than Bitcoin (10x) and cheaper (3000x) - you can run Nxt on smartphones and small devices like the Raspberry Pi. (see</span><span style="color: black; font-family: arial, sans-serif; font-size: 11pt;"> </span><a href="https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit" style="color: #c51d1d; font-family: arial, sans-serif; font-size: 11pt;" target="_blank">tech analysis</a><span style="color: black; font-family: arial, sans-serif; font-size: 11pt;">)</span></div>
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Nxt is fully <strong>decentralized </strong>- there is no organisation above Nxt, no corporations or celebrities, all development and marketing is paid by community donations. Inventor of Nxt only created a source code and left Nxt, like Satoshi left Bitcoin.</div>
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<strong>Why is Nxt new generation cryptocurrency?</strong>Nxt allows <strong>building</strong> all kinds of <strong>decentralized applications on top of Nxt</strong>’s green and fast network:</div>
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<li style="margin-left: 15px; margin-top: 3px;">decentralized internet</li>
<li style="margin-left: 15px; margin-top: 3px;">decentralized stock, currency exchange</li>
<li style="margin-left: 15px; margin-top: 3px;">decentralized online market</li>
<li style="margin-left: 15px; margin-top: 3px;">decentralized file storage</li>
<li style="margin-left: 15px; margin-top: 3px;">decentralized Facebook, Twitter, Email, Youtube...</li>
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Nxt will be used as a platform for easy building<strong> new cryptocurrencies on top of Nxt:</strong></div>
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<li style="margin-left: 15px; margin-top: 3px;">Casino Tokens</li>
<li style="margin-left: 15px; margin-top: 3px;">Airline miles points</li>
<li style="margin-left: 15px; margin-top: 3px;">Hotel/Travel Agency Tokens</li>
<li style="margin-left: 15px; margin-top: 3px;">Gaming currencies</li>
<li style="margin-left: 15px; margin-top: 3px;">Country currencies</li>
<li style="margin-left: 15px; margin-top: 3px;">Local currencies</li>
<li style="margin-left: 15px; margin-top: 3px;">Companies currencies</li>
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<strong>Why is it important to be decentralized?</strong>Decentralized Facebook cannot be censored by governments (like in China). Decentralized exchanges cannot be hacked (like MtGox in Japan). Anonymity allows decentralized internet and file storage for all freedom fighters. (see "<a href="http://justpaste.it/nxt-decentralized-internet" style="color: #c51d1d;" target="_blank">Decentralized internet and Nxt solutions</a>" paper)</div>
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Nxt brings the revolution to the<strong> free speech</strong> and to the <strong>democratization of the money</strong>.</div>
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<strong>Why are P2P payments and P2P crowdfunging important?</strong>Nxt crowdfunding allows straight micropayments aimed to the hands of everyone, even in Africa. Billions of people cannot have a bank account, but they can be crowdfunded by Nxt kickstarters, without charity providers, without middlemen.</div>
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<span style="color: grey;">If you have any questions, let us know: <a href="mailto:nxtsalsacz@gmail.com" style="color: #c51d1d;" target="_blank"><span style="color: grey;">nxtsalsacz@gmail.com</span></a>. We can arrange interviews with Nxt developers... We would be very delighted, if you wanted to write about Nxt. Thank you!</span></div>
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<span style="color: #3366ff;"><b>Test new Nxt interface right now here: </b><span style="color: red; font-weight: bold;"><a href="http://nxtra.org/nxt-client/" style="color: #c51d1d;" target="_blank"><span style="color: red;">http://nxtra.org/nxt-<wbr></wbr>client/</span></a></span><b> - no installation, just 2 clicks in 5 seconds to get to the testing account</b> (use password: "1" or anything else for testing)</span></div>
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<span style="color: green;">Published articles</span></h2>
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<li style="margin-left: 15px; margin-top: 3px;">NXT – Proof of Stake and the New Alternative Altcoin<br /><a href="http://bitcoinmagazine.com/9826/nxt-proof-stake-new-alternative-altcoin/" style="color: #c51d1d;" target="_blank">http://<strong>bitcoinmagazine</strong>.com/<wbr></wbr>9826/nxt-proof-stake-new-<wbr></wbr>alternative-altcoin/</a><a href="http://bitcoinmagazine.com/9826/nxt-proof-stake-new-alternative-altcoin/" style="color: #c51d1d;" target="_blank"></a></li>
<li style="margin-left: 15px; margin-top: 3px;">Whats NXT in the World of Cryptocurrencies?<br /><a href="http://www.cryptocoinsnews.com/2014/01/17/whats-nxt-world-cryptocurrencies/" style="color: #c51d1d;" target="_blank">http://www.<strong>cryptocoinsnews</strong>.<wbr></wbr>com/2014/01/17/whats-nxt-<wbr></wbr>world-cryptocurrencies/</a><a href="http://www.cryptocoinsnews.com/2014/01/17/whats-nxt-world-cryptocurrencies/" style="color: #c51d1d;" target="_blank"></a></li>
<li style="margin-left: 15px; margin-top: 3px;">Why NXT is Up While Most Other Crypto Coins are Down:<br /><a href="http://www.cryptocoinsnews.com/2014/02/14/nxt-crypto-coins/" style="color: #c51d1d;" target="_blank">http://www.<strong>cryptocoinsnews</strong>.<wbr></wbr>com/2014/02/14/nxt-crypto-<wbr></wbr>coins/</a><a href="http://www.cryptocoinsnews.com/2014/02/14/nxt-crypto-coins/" style="color: #c51d1d;" target="_blank"></a></li>
<li style="margin-left: 15px; margin-top: 3px;">Digital Currencies 2.0: Meet NXT, the ‘Next’ Ripple<br /><a href="http://www.dcmagnates.com/digital-currencies-2-0-meet-nxt-the-next-ripple/" style="color: #c51d1d;" target="_blank">http://www.<strong>dcmagnates</strong>.com/<wbr></wbr>digital-currencies-2-0-meet-<wbr></wbr>nxt-the-next-ripple/</a><a href="http://www.dcmagnates.com/digital-currencies-2-0-meet-nxt-the-next-ripple/" style="color: #c51d1d;" target="_blank"></a></li>
<li style="margin-left: 15px; margin-top: 3px;">Open source cryptocurrency Nxt is now finishing testing Asset Exchange<br /><a href="http://cryptosource.org/open-source-cryptocurrency-nxt-is-now-finishing-testing-asset-exchange-and-was-added-on-cryptsy/" style="color: #c51d1d;" target="_blank">http://<strong>cryptosource</strong>.org/open-<wbr></wbr>source-cryptocurrency-nxt-is-<wbr></wbr>now-finishing-testing-asset-<wbr></wbr>exchange-and-was-added-on-<wbr></wbr>cryptsy/</a></li>
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<li style="margin-left: 15px; margin-top: 3px;">Nxt crypto platform version 1.0 released<br /><a href="http://www.coinssource.com/nxt-crypto-platform-version-1-0-0-released/">http://www.coinssource.com/nxt-crypto-platform-version-1-0-0-released/</a></li>
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<li style="margin-left: 15px; margin-top: 3px;">Nxt decentralized Asset exchange now live<br /><a href="http://www.coinssource.com/now-live-nxts-decentralized-asset-exchange/">http://www.coinssource.com/now-live-nxts-decentralized-asset-exchange/</a></li>
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<li style="margin-left: 15px; margin-top: 3px;">Nxt entering mainstream: Payexpo, SMS payments, ATMs, Nxt cafe and new features<br /><a href="http://www.coinssource.com/nxt-entering-mainstream-payexpo-sms-payments-atms-nxtcafe-new-features/">http://www.coinssource.com/nxt-entering-mainstream-payexpo-sms-payments-atms-nxtcafe-new-features/</a></li>
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<span style="color: green;">Unpublished texts. You can use or publish any of our texts</span></h2>
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<li style="margin-left: 15px; margin-top: 3px;"><strong><span style="color: red;"><a href="http://justpaste.it/nxt-decentralized-internet" style="color: #c51d1d;" target="_blank"><span style="color: red;">Decentralized internet and Nxt solutions</span></a></span></strong></li>
<li style="margin-left: 15px; margin-top: 3px;"><a href="http://justpaste.it/nxt-invites-universities" style="color: #c51d1d;" target="_blank">Make Nxt Your Blockchain: An Invitation To Universities and Academic Researchers</a></li>
<li style="margin-left: 15px; margin-top: 3px;">NXT Whitepaper: <a href="http://wiki.nxtcrypto.org/wiki/Whitepaper:Nxt" style="color: #c51d1d;" target="_blank">http://wiki.<wbr></wbr>nxtcrypto.org/wiki/Whitepaper:<wbr></wbr>Nxt</a></li>
<li style="margin-left: 15px; margin-top: 3px;"><a href="https://docs.google.com/file/d/0BwAGADgnQcrtM3g1cU1VSHZtTGM/edit" style="color: #c51d1d;" target="_blank">NxtMyths: What should we know about Nxt generation PoS Cryptocurrency</a></li>
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<span style="color: green;"><strong>Economic texts:</strong></span></div>
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<li style="margin-left: 15px; margin-top: 3px;"><strong style="color: red;"><a href="https://docs.google.com/file/d/0BwAGADgnQcrtdXE5MkF5S05oaHM/edit" style="color: #c51d1d;" target="_blank"><span style="color: red;">What are the economic parameters of Nxt?</span></a></strong></li>
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<span style="color: green;"><strong>Tech theses:</strong></span></div>
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<li style="margin-left: 15px; margin-top: 3px;"><strong style="color: red;"><a href="https://docs.google.com/document/d/1J8uhdshu9epGRrQHBaloGc4itdvuAHZDAUtNDjOhz-8/edit" style="color: #c51d1d;" target="_blank">Nxt Network Energy and Cost Efficiency Analysis</a></strong></li>
<li style="margin-left: 15px; margin-top: 3px;"><a href="http://www.docdroid.net/a3sf/forging0-2-1.pdf.html" style="color: #c51d1d;" target="_blank">The math of Nxt forging</a> (in progress)</li>
<li style="margin-left: 15px; margin-top: 3px;"><a href="https://gist.github.com/doctorevil/9521116" style="color: #c51d1d;" target="_blank">Nxt Crypto Review of Curve25519.java & Crypto.java</a></li>
<li style="margin-left: 15px; margin-top: 3px;"><a href="https://mega.co.nz/#!yYwD2ArL!aaalNHwQ_RveCKM4Z1x9w0hRI4U6y6119PxQg2-RRNA" style="color: #c51d1d;" target="_blank">NXT: A Cybernetics Perspective V 0.1 Proof of X</a></li>
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<span style="color: green;"><strong>Infographics:</strong></span></div>
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<li style="margin-left: 15px; margin-top: 3px;"><a href="http://wiki.nxtcrypto.org/wiki/Pictures" style="color: #c51d1d;" target="_blank">http://wiki.nxtcrypto.org/<wbr></wbr>wiki/Pictures</a></li>
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<span style="color: green;"><strong>Videos:</strong></span></div>
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<strong>What is Nxt?</strong></div>
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<a href="https://www.youtube.com/watch?v=UuZH3a5MKik" style="color: #1155cc;" target="_blank">https://www.youtube.com/watch?<wbr></wbr>v=UuZH3a5MKik</a></div>
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<a href="https://www.youtube.com/watch?v=ktMGC-Nq9Zo" style="color: #1155cc;" target="_blank">https://www.youtube.com/watch?<wbr></wbr>v=ktMGC-Nq9Zo</a></div>
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<strong>Decentralized internet and Nxt solutions:</strong></div>
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<a href="https://www.youtube.com/watch?v=RtTWUwRL9mQ" style="color: #1155cc;" target="_blank">https://www.youtube.com/watch?<wbr></wbr>v=RtTWUwRL9mQ</a></div>
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<span style="color: green;"><strong>Download Nxt logos:</strong></span></div>
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<a href="http://www.nxtcrypto.org/Nxt-Media-Kit.zip" style="color: #c51d1d;" target="_blank">http://www.nxtcrypto.org/Nxt-<wbr></wbr>Media-Kit.zip</a><a href="http://www.nxtcrypto.org/Nxt-Media-Kit.zip" style="color: #c51d1d;" target="_blank"></a></div>
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Nxt logo:</div>
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<a href="http://justpaste.it/files/justpaste/d45/a3436115/nxt-logo-blue-300px.png" style="color: #c51d1d;" target="_blank">http://justpaste.it/files/<wbr></wbr>justpaste/d45/a3436115/nxt-<wbr></wbr>logo-blue-300px.png</a></div>
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<span style="color: green;"><strong>Nxt brochure</strong></span></div>
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<a href="http://nxt.sx/images/resources/NXT-Brochure-4.pdf" style="color: #c51d1d;" target="_blank">http://nxt.sx/images/<wbr></wbr>resources/NXT-Brochure-4.pdf</a></div>
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<span style="color: green;"><strong>Lists of Nxt websites:</strong></span></div>
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<a href="http://mynxt.org/resources.html" style="color: #c51d1d;" target="_blank">http://mynxt.org/resources.<wbr></wbr>html</a></div>
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<a href="http://wiki.nxtcrypto.org/wiki/Important_Links" style="color: #c51d1d;" target="_blank">http://wiki.nxtcrypto.org/<wbr></wbr>wiki/Important_Links</a><a href="http://wiki.nxtcrypto.org/wiki/Important_Links" style="color: #c51d1d;" target="_blank"></a></div>
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<span style="color: green;"><strong>Main Nxt website:</strong></span></div>
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<a href="http://nxt.org/" style="color: #c51d1d;" target="_blank">http://Nxt.org</a> </div>
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<strong><span style="color: green;">Nxt clients:</span></strong></div>
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<a href="http://www.nxtclient.org/" style="color: #c51d1d;" target="_blank">http://www.nxtclient.org/</a> or online wallet: <a href="https://wallet.mynxt.info/" style="color: #c51d1d;" target="_blank">https://wallet.mynxt.<wbr></wbr>info/</a> </div>
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<span style="color: green;"><strong>Buy Nxt on:</strong></span></div>
<div style="background-color: white; font-family: arial, sans-serif; font-size: 15px; padding: 0px;">
<a href="http://cryptsy.com/" style="color: #1155cc;" target="_blank">cryptsy.com</a> / <a href="http://bter.com/" style="color: #1155cc;" target="_blank">bter.com</a> / <a href="http://bittrex.com/" style="color: #1155cc;" target="_blank">bittrex.com</a> / <a href="http://vircurex.com/" style="color: #1155cc;" target="_blank">vircurex.com</a> / <a href="http://poloniex.com/" style="color: #1155cc;" target="_blank">poloniex.com</a> / <a href="http://dgex.com/" style="color: #1155cc;" target="_blank">dgex.com</a></div>
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<div style="background-color: white; font-family: arial, sans-serif; font-size: 15px; padding: 0px;">
Yours faithfully, Salsacz, contact: <a href="mailto:nxtsalsacz@gmail.com" style="color: #c51d1d;" target="_blank">nxtsalsacz@gmail.com</a></div>
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<span style="color: #339966;"><strong>Small unpublished articles</strong></span></div>
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<span style="color: #339966;"><strong><br /></strong></span></div>
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<strong>How is Nxtcoin (NXT) Proof of Stake and Transparent Forging better than Proof of Work systems?</strong><br />
<a href="https://docs.google.com/file/d/0BwAGADgnQcrtTGw4d1VrZVgzV1U/edit" style="color: #c51d1d;" target="_blank">https://docs.google.com/file/<wbr></wbr>d/<wbr></wbr>0BwAGADgnQcrtTGw4d1VrZVgzV1U/<wbr></wbr>edit</a><br />
<br />
<strong>Financial decentralization leads to financial freedom!</strong><br />
<a href="https://docs.google.com/file/d/0B_Hq3nkw2xHZU2tYVU1fVjU1Zjg/edit" style="color: #c51d1d;" target="_blank">https://docs.google.com/file/<wbr></wbr>d/0B_<wbr></wbr>Hq3nkw2xHZU2tYVU1fVjU1Zjg/edit</a><br />
<br />
<strong>NXT solution to payment terminal</strong><br />
<a href="https://docs.google.com/file/d/0B8Ditio3v8ptdm9DSEoxM2h3YWM/edit" style="color: #c51d1d;" target="_blank">https://docs.google.com/file/<wbr></wbr>d/<wbr></wbr>0B8Ditio3v8ptdm9DSEoxM2h3YWM/<wbr></wbr>edit</a><br />
<br /></div>
Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com1tag:blogger.com,1999:blog-7094013016379412586.post-43146234823754414632014-07-09T03:54:00.001-07:002014-07-09T03:55:41.005-07:00Initial distribution of 100% PoS currencies (by: BCNext and revised by Come-from-Beyond)Initial distribution of the coins and the forging schedule are more serious problems than they appear at first glance. A 100% proof-of-stake currency needs at least a small part of the coins to be distributed in the beginning because these coins is the only forging instrument. A forging schedule has a lot of influence on initial distribution and must be defined in the first place.<br />
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The PoS algorithm used in Nxt has such properties that give a little advantage to an account that holds more coins comparing to an account with a lower amount. If every block subsidizes the forger with extra coins (in addition to the fees) then bigger accounts become even bigger by following the compound interest curve. In a currency with selfish forgers most of the coins would be absorbed by very few accounts that would lead to centralization of the currency. Because of this all the coin in Nxt were distributed at once in the genesis block.<br />
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Bootstrapping requires to make a decision how to do the initial distribution. We consider three main schemes, any other scheme can be represented as a combination of them.<br />
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The first scheme – all the coins go to a single account controlled by one entity that transfers coins to the others in exchange for work done for development and promotion of the currency. This scheme is completely unacceptable because it’s not “compatible” to decentralized nature of cryptocurrencies.<br />
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The second scheme – all the coins are split equally among a group of people. This approach faces some problems. A Sybil attack can be easily conducted by an entity to acquire a significant part of the coins. Such a counterattack as usage of a certification service can’t be used because majority of potential users won’t agree to reveal their true identities. Another possible counterattack, based on proof-of-resources approach, can’t give “fair” distribution because the resources are distributed in “unfair” way. Anyway, even if the Sybil attack could be significantly mitigated, the second scheme is a bad choice because the history of humankind teaches us that an economy driven society where all individuals own equal amount of resources is unsustainable and even utopian. (Note by CfB: It would be interesting to hear opinion of NEM guys on this issue…)<br />
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The third scheme – all the coins are distributed in “chaotic” way. This scheme doesn’t have disadvantages of the previous ones, no centralization, no necessity to deanonymize users, no need to counteract Sybil attacks. Economy and sociology sciences state that distribution of the coins will follow the Pareto 80-20 principle. An important note should be made. The fact that (almost?) all the societies conform to this principle assures that the third scheme is the best one. The Pareto principle seems to be a result of universal but yet unknown laws of nature. If the distribution follows the principle then with high probability we can assume that our system will sustain for a long period of time. The previous schemes will transform into “80% of coins belongs to 20% of entities” systems anyway, but the third scheme has such an advantage that it doesn’t need to survive the period of instability.<br />
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According to the described above logic Nxt was created by issuing all the coins at once and distributing them by following the last distribution scheme.<br />
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Initial distribution has two properties – percentages and number of participants. Common sense says that number of participants should be as large as possible. This seems to be true, but we should take into account that every system has three main stages of the progress – bootstrapping, normal functioning and decaying. We consider only the first two because our goal is to create an ever-functioning system.<br />
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We shouldn’t ignore the lessons of history. Societies created by a lot of people are abnormal phenomena. Number of participants in the very beginning should be rather small than large. This is an arguable statement but disputes on the issue lay out of the scope of this paper. The creator of Nxt preferred a small number of “founders” because he had no possibility to do several experiments on finding the best number nor he had time to build a theory that could predict this number. The most stable economic systems were always bootstrapped by a few people (feods, corporations, etc.) so it was safer to follow a similar way.<br />
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Now, half a year after the launch of Nxt we see that it didn’t die and keeps growing at fast pace. This lets us guess that the choice of BCNext was a correct one.<br />
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Source: https://nxtforum.org/initial-distribution/initial-distribution-of-100-pos-currencies/Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com0tag:blogger.com,1999:blog-7094013016379412586.post-52361853686332010282014-06-30T16:17:00.001-07:002014-07-04T14:32:27.141-07:00A Fair Review of Nxt from a Ripple User (by: nwtrades)Nxt seems like the closest competitor to Ripple so I figured I'd download it and give it a spin this past week. My results and impressions are below. SO far, it's the most interesting cryptocurrency and network I've seen of any of the "altcoins". It has some drawbacks but although it's a "small" competitor it could potentially become a real big thing if development continues. I will be watching this one more closely. First impressions below...<br />
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Setup (Nxtra 1-click client)<br />
- Downloadable client was nice, with a quick install and setup process - just as easy as the old Bitcoin-QT.<br />
- Needing to remember or store a long secret phrase seemed like a hassle, versus having a password separate from the secret phrase.<br />
- Blockchain took a very long time to download (approx. 2-3 hrs).<br />
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Features:<br />
- Send "Nxt" funds to other users, with approx. 1.5 minute confirmation time (seems slow relative to Ripple!)<br />
- Send messages to other users for a 1 Nxt fee.<br />
- Contacts section to store addresses, emails and description for each contact<br />
- Messages inbox<br />
- Asset Exchange - this seems like it could hold huge potential for decentralized issuing, buying and selling assets directly on the Nxt blockchain. Trades also seem to require the 1.5 minute confirmation time delay though... slow relative to what I was used to on Ripple. The only big asset trading right now seems to be NEM stake token trading (New Economy Movement) so at the moment it does not seem heavily used.<br />
- Aliases<br />
- Peers (view connected addresses, platform, etc)<br />
- News<br />
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Missing features (things that Ripple has):<br />
- Instant transactions (5 seconds or less)<br />
- Sending / receiving other currencies in the network<br />
- Currency trading<br />
- Instant currency conversions<br />
- Bitcoin bridge<br />
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If you want the TL/DR verdict: I'm still much more in favor of Ripple due to the speed and user experience.<br />
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A few additional notes unrelated to the direct user experience and features:<br />
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- From an outsider's perspective, the Nxt community and marketing seems very fragmented and disorganized. It wasn't exactly clear how to find the "official" place to go and get a summary of the information on the protocol, the Nxt currency or how to find a simple downloadable client to use. It took a few Google searches and reading online forums.<br />
- Approximate network transaction times are not exactly clear anywhere. I just had to test and check myself.<br />
- Nxt trading seems difficult right now, as it's mostly traded on a few small exchanges based in China and other foreign countries. The only US-based one is Cryptsy which was a relief to find. However, their deposit and withdraw times are unfortunately all over the map, ranging from minutes to hours wait time. Deposit and withdraws ranged from 1-3 hours when testing with Nxt which was a little taxing on my patience and could be stressful for anyone who moves large money there.<br />
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Overall, Nxt was interesting but does feel a little cludgy and rough around the edges. It does have some potential though!<br />
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-nwtrades<br />
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<a href="https://ripple.com/forum/viewtopic.php?f=1&t=7229&p=51906&sid=383542ae947d1a2d6cd58e6b92bc06fe#p51906">https://ripple.com/forum/viewtopic.php?f=1&t=7229&p=51906&sid=383542ae947d1a2d6cd58e6b92bc06fe#p51906</a><br />
<br />
Source:<br />
<a href="https://nxtforum.org/general-discussion/a-fair-review-of-nxt-from-a-ripple-user/">https://nxtforum.org/general-discussion/a-fair-review-of-nxt-from-a-ripple-user/</a>Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com1tag:blogger.com,1999:blog-7094013016379412586.post-938564665469656802014-06-30T16:15:00.000-07:002014-07-05T12:06:42.805-07:00Isle of Man embraces NXT in cryptocurrency driveAs regulators and business owners recognise the benefits of digital money, new cryptocurrency NXT is well-placed to drive innovation and enterprise on the Isle of Man through a series of ground-breaking developments.
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Second generation cryptocurrency NXT is poised to deliver unprecedented benefits to the financial services industry on the Isle of Man.
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Cryptocurrencies are a suite of revolutionary new technologies that allow users to send money directly to each other over the internet, anywhere in the world, quickly and almost for free. NXT’s speed and versatility make it the ideal choice for a wide range of applications beyond money transfer, providing the backbone of a far-reaching digital economy.
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<b>Introducing NXT</b><br />
Local business, banking and government representatives are invited to attend NXT Seminar at the Forum, Mt Havelock, Douglas at 5pm on 1 July, which will introduce NXT to a wider audience and explain how this powerful technology can be integrated into new and existing applications. The seminar will be delivered by Lee Gibson Grant, NXT entrepreneur and founder of TXT Coins Now.
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The TXT Coins Now platform was built back in 2010 as bolt-on service for mobile operators and financial institutions that required an off-the-peg solution for their customers. The company has adopted NXT Coin as its default currency. Their platform is highly scalable and its use in real-world financial services applications will allow its users easier access to NXT Coin, too.
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TXT Coins Now is a merger of Micropayment, Western Union, Escrow and PayPal for both the Fiat and Crypto Sectors. The business leverages NXT to allow customers to send funds anywhere on the planet via a simple text message or voice call, without any internet connection or further applications. Additionally, its verification step protects merchants by establishing that the transaction is legitimate.
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<b>Merchant benefits</b><br />
ATM providers and POS providers will be able to link to the network via its merchant facilities, enabling merchant outlets to accept both fiat and crypto. This gives NXT Coin a cutting edge real-time financial network that bridges the NXT and fiat marketplaces.
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‘Many jurisdictions have been sceptical or slow to move on cryptocurrency,’ Lee Gibson Grant comments. ‘But platforms like NXT can bring immense benefits to businesses and customers – reducing costs, delays and security risks to near zero. It’s enormously encouraging that the Isle of Man recognises this and is at the forefront of the cryptocurrency movement.’
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Famed for its eGaming regulation and pro-enterprise culture, the Isle of Man is the ideal location for cryptocurrency and finance businesses to come together. The island recently positioned itself as a cryptocurrency hub, and in the coming days and weeks a series of initiatives will bring NXT and its developers into the mainstream.
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<b>World’s first regulated cryptocurrency exchange</b><br />
NXT are in discussions to be listed on CoinCorner, a new exchange due to launch shortly, which aims to be the world’s first cryptocurrency exchange registered with a financial regulator – namely the Isle of Man FSC. CoinCorner will allow users to exchange crypto for GBP with no deposit fees and has been built by a team of seasoned programmers and cryptocurrency miners. Bitcoin has seen a number of high-profile thefts and scandals in its short history resulting from the proliferation of unregulated exchanges, and such a step is vital in allowing the public to buy and sell NXT and other digital currencies quickly, easily and securely.
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Additionally, there are a number of financial bureaux actively considering incorporating NXT into their business models. NXT will also be included as a payment option at the Java Express Coffee Shop and Noodle Bar on Prospect Hill in Douglas. At the NXT Seminar on 1 July, NXT coins equal to the value of a cup of coffee will be distributed for use in Java so that delegates can see how easy and safe it is to use NXT Coin and TXT Coins Now.
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<br />
During a visit by members of the NXT community to the Isle of Man over the past two weeks, numerous meetings have been held with Manx service providers such as Dixcart, Manx Telecom and Capital Invest, along with many others who are interested in cryptocurrencies and would like to discover more about the benefits that NXT, its community and developers offer for the legal and regulated services they would like to launch. Meetings with government officials and local lawyers have also been held to gather as much information as possible to position the Isle of Man and NXT Coin for the up and coming crypto boom.
Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com2tag:blogger.com,1999:blog-7094013016379412586.post-76912461612745227692014-06-16T10:52:00.004-07:002014-06-16T11:07:28.767-07:00MyNxt Online Wallet now be trustless, open source and with new designStarting on the 16th/June the myNXT.info Online Wallet (<a href="https://wallet.mynxt.info/">https://wallet.mynxt.info</a>) will become a trustless wallet, and the client-side code will be open-sourced so anyone can review it.<br />
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This will add an extra layer of security to our users. The extra level of trust will help boost the online wallet adoption by both existing Nxters that were hesitant to use the wallet before, and also (and most importantly), will help encourage new people to join Nxt.<br />
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With this work, the myNXT Online Wallet becomes an on-blockchain, client-side trustless wallet, which is very similar to the leading Bitcoin online wallet Blochchain.info. The main objective is to make it dead-easy for new users to join Nxt without requiring downloads, java installs, or waiting for downloading of the blockchain.<br />
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Mynxt will also be adding a backup functionality so that our users can easily backup their wallet and even migrate to other Nxt clients if they choose to.<br />
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<img src="http://www.mynxt.info/new_onlinewallet.png" height="171" width="400" /><br />
<b>- Mynxt in brand new design</b><br />
<b><br /></b>
<b>Existing users</b><br />
Existing users don't need to do anything, their wallets are safe and not going to be affected. Everything we are developing is fully backwards compatible. Any existing users that wants to ensure that their wallets are also trustless (because when they created their account, the encryption was still server-side), will be able to change their master password using the new client-side encryption system.<br />
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<b><u>What is Mynxt?</u></b><br />
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<b>Nxt Online Wallet </b>(<a href="http://wallet.mynxt.info/">http://wallet.mynxt.info</a>)<br />
Nxt online wallet is an html5 web app. It runs perfectly on iPhones or Android or desktop browsers. Anyone can put a link in their home screen and access it any time. Nxt online wallet is easy to use and users can access their Nxt account from anywhere. It has a responsive layout: works in PC, Mac, Tablets and Phones. Right now online wallet can be used for sending and receiving NXT coins. They can also check their balance in NXT, USD, EUR, BTC and other currencies.<br />
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<img alt="Antony Lewis (Singapore exchange itBit) is buying Nxt coins at the Cebexpo" src="http://i.imgur.com/nwB7j0M.jpg" height="263" width="400" /><br />
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<img src="http://i.imgur.com/4ceUDDc.jpg%20http://i.imgur.com/nwB7j0M.jpg" height="169" width="400" /><br />
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<i> - Antony Lewis (Singapore exchange itBit) is buying Nxt coins at the Cebexpo in Vienna by using Nxt Online Wallet</i><br />
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<b>Safety first</b><br />
Nxt online wallet was made as secure as possible. All accounts are 50 characters long, randomly generated. AES-256 is used to encrypt each account address twice (once using a site-wide key and once using the user's master password). Only SSL connections are accepted and all passwords are hashed (salted).<br />
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<b>Brand New Tool: Nxt Forging Calculator</b> (<a href="http://www.mynxt.info/forging_calculator.php">http://www.mynxt.info/forging_calculator.php</a>)<br />
Calculate how much you could forge! In NXT you forge instead of mining and how many blocks you can forge depends on how much NXT you have. Use this brand new calculator to find out how much you have forged.<br />
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<b>Nxt Forwarder</b> (<a href="http://www.mynxt.info/fwd/">http://www.mynxt.info/fwd/</a>)<br />
Use MyNxt.info as a gateway to Nxt aliases in the format <alias>.mynxt.info! This original feature connects the Nxt alias network with the regular internet. You can get people to visit a URL, see an image or a text and control this content via the Nxt network. If you have any alias, it is simple, just visit <youralias>.mynxt.info.<br />
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<b>The new Mynxt block explorer</b> (<a href="http://www.mynxt.info/">http://www.mynxt.info</a>)<br />
Explorer is now running on a better server. New home page shows the summary of interesting statistics. Asset explorer now shows list of assets, candlestick bars, history, buy/sell orders. Alias explorer, account explorer, transactions and block explorers were also enhanced. There are lots of new filters, pagination and information.<br />
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<b>New Asset Exchange Transaction volume graph:</b><br />
<a href="http://www.mynxt.info/charts/trades_asset_exchange_per_day.php">http://www.mynxt.info/charts/trades_asset_exchange_per_day.php</a><br />
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<b>Nxt Alerter</b> (<a href="http://www.mynxt.info/alerts.php">http://www.mynxt.info/alerts.php</a>)<br />
Would you like to receive alerts every time there is a transaction in your Nxt account? Especially when coins are sent/received? Get e-mail alerts when your account finds a block or when there is any transaction, no need to keep client running. The system also supports alias operations and arbitrary messages.<br />
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The Nxt Alerter already sent thousands of messages to our users, every time a monitored account has a transaction or a block is found. The system can now send alerts every time an Alias Operation is performed or an Arbitrary Message is sent/received. This means you get Arbitrary Messages right in your email inbox, anywhere you are and without having to check your Nxt client.<br />
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<b>Nxt Charts </b>(<a href="http://www.mynxt.info/charts/">http://www.mynxt.info/charts/</a>)<br />
- the total number of NXT accounts in existence per day<br />
- the number of Nxt transactions executed per day<br />
- the transaction volume (amount of Nxt transacted) in Nxt per day<br />
- the total fees paid (as part of transactions) per day<br />
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<b>Mynxt Public Nodes</b><br />
15 Mynxt public nodes were deployed in December in 5 locations (Brazil, UK, Singapore, Australia and Japan). Their status can be checked here at any time: <a href="http://mynxt.info/server_status.php">http://mynxt.info/server_status.php</a>Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com1tag:blogger.com,1999:blog-7094013016379412586.post-45144174118513491202014-06-10T00:51:00.002-07:002014-07-04T14:30:55.305-07:00How Nxt changed our lives? - JamesThere were 8 full BTC investors that each got 50 million NXT. The rest of 73 got mostly much smaller amounts. I cant say for sure, but I believe half a dozen of the original 8 (I am not sure who the other two are) have given away or sold off half or more of their 50 million along the way. It is simply a very hard thing to not cash out hundreds of thousands of dollars of profits! The smaller holders have most likely sold an even larger percentage on average than the half dozen. There are probably a couple dozen early adopters who purchased 10 to 50 million NXT on the open market. I would say less than 50 of the original 73 and early adopters who got it at 1 BTC per million NXT (!!) still have more than 10 million NXT. probably less than half a dozen still have 50 million and most of those would be the early adopters and not the original founders. So roughly 25 USD millionaires at current 6 cent prices would be my guesstimate. Most of these are down to their long term core holdings and most likely wont sell at any price, short of $1, cuz they already have all the fiat they need. Whats the rush, especially now that NXT is where it is? This means the active liquid NXT is probably around 250 million total, which is still plenty especially with the normal trading volumes of 1 million NXT per day. The deck has already been shuffled, I dont believe there is any organized coalition that can come up with more than 10% to 15% of all NXT. If you know people, you will know how hard it is to get any half dozen to agree on anything! I dont believe any other crypto has this level of dispersion. OK, NEM is fantastically dispersed, but it is not yet and dispersion is not what creates a great crypto. Concentration in few hands, like the three mining pools that have 66%+ of bitcoin, or the instamines for most alts, really make PoW coins insecure. So, while NXT isnt perfect, it is certainly better than PoW simply due to the fact that someone needs to control the majority of market cap(!) not just majority of current mining power. Even DOGE with decent market cap will be able to be attacked very soon and who does this attacking? The bitcoin miners! Yes, it seems they feel a duty to cram the bitcoin blockchain down all sha256 coins and that sure becomes the longest chain real fast. A big laugher for the bitcoin guys and a totally ruined coin for the alt.<br />
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Well I have proven that i am no genius, I just work really hard. At first, I was totally lost with this crypto thing, gee that was 6 months ago. Then with NXT being Java and me only knowing C, I started just doing tech support on the main BTT thread.<br />
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I started out with 2 bitcoins that I had a hard time getting. Finally had to by it via localbitcoins and paying $100 premium. That seemed wrong! I stumbled into Ripple and at the time (not knowing any better) it seemed like a big improvement over BTC. Actually, it probably is but it has a fatal flaw. The community there is half a dozen guys and a bunch of corporate forum moderators who dont tolerate anything anti-ripple. just mentioning NXT got me reprimanded. Seeing the huge spreads, low liquidity, buggy software and corporatization I predicted ripple would not last long, or at least it would fizzle.<br />
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I had sold off my real world assets to get $20K of crypto and by the time I figured out no alt was worth having I put it all into NXT. I had about 600K NXT. Then the whole peercover disaster got me. They lost 150000 NXT during their development of their NXT gateway into ripple and they would have had a hard time surviving if they had to cover it. So I sent them 25% of my total NXT to cover there losses. When it finally came online, it was rejected by most of NXT community, even though it was a viable path to fiat 6 months ago.<br />
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One of the big problems of ripple is that they have two major USD gateways, bitstamp and snapswap with peercover a third. The values were often 20%+ different. With the rippling automatically siphoning off the good bitstamp USD into the snapswap that was worth 20% less, it was a big problem. I had managed to make trading gains to overcome the 20% discount, but it took some luck and several good trades to pull out $25K from ripple into normal BTC and then NXT!<br />
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So, I started doing some USD conversion service at a 5% fee. Sounds crazy to charge people 5% for changing USd to USD, but people were clamoring for it and within minutes of the funds being available, it was all gone. So, "riskless" 5% was nice, but I had to pull it out of snapswap and send it to bitstamp. Then I had the idea of bypassung this and going from snapswap to peercover USD, maybe even make another few percent. Pretty clever huh? Well, it was fine until peercover got hit by bank fraud exactly the moment ~$10000 of my funds were going through. Poof! all gone. So, enough was enough. I had lost 150000 NXT and now $10000.<br />
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Along the way I became the largest WCG miner with a serverfarm I put together using borrowed funds. I was a bit late starting so I didnt get all the easy money, but for a couple of months it was more than paying the bills. So, added more and more servers on credit until I had over 180! On good days clearing $1 or even $2 per server. Soon I would recoup all that was lost, except the mining difficulty kept rising and rising and by end of Feb it was barely breakeven. then ripple announces they are cancelling the WCG program in 30 days. Ooops. I was on month to month, but I couldnt quite ramp things down in time, so profits became losses. Then XRP started to go from 25 XRP per USD to 30,to 40, to 50, ...<br />
<br />
I figured it would bounce back so stupidly didnt convert the XRP, figuring after a ripple announcement of a big business deal, it would snap back, at least some. I had to recoup $70000 to breakeven from the stockpiled XRP. All I needed was it to get back to half its peak value. Well, instead of a happy announcement, we got the Jed announcement that he was going to sell 150% of the total market supply in two weeks. So instead of $70000, I was lucky to escape with $7000. And that took some quick trading to double what it would have been.<br />
<br />
Looking at all that happened, it is quite surprising that I am where I am today!<br />
<br />
Ah, there were three things I did right. I burned a dozen BTC for XCP and purchased and mined DRK in early Feb. So all the horribleness of the ripple based fiasco was erased with the recent DRK explosion in price. My 50000 DRK went from being worth $10000 to $500000! Actually it wasnt that good, as I kept selling off half each time it doubled after I was able to clear my bills. I was too busy to figure out how to get my XCP to an exchange and sell off half when it would have got me 150 BTC, but still I was able to clear something like 400 BTC.<br />
<br />
The third thing I did right? Oh, work 80+ hours per week on NXT and started programming in late Feb. programming has always been my fallback, so the same week DRK pulled me out of debt and got me hundreds of BTC, it was only the second biggest thing. NXT AE had created a market cap of some mind boggling amount. I only sold to private investors and just small amounts on the open market. Most all the volumes of my assets are from the early investors and people who purchased on AE.<br />
<br />
I strongly feel that NXT is going to get a lot bigger in the future. I have had this feeling from the moment I found out about it last christmas. Assuming that this is the case, then I conclude that NXT based businesses, especially automated ones will act as leveraged NXT. The critical element is for the business to scale with the NXT user base and NXT market cap. That is why I concentrated on financial and tech assets. The financial ones are no-brainer. As NXT marketcap grows, NXTventure will be able to finance larger and larger enterprises and its dividends will scale with NXT. The automated tech companies also will scale almost linearly, but at the high ends of NXT valuations it will not be able to keep up. However, if there is a large external market that it can cannibalize (like all centralized exchanges), its initial growth path will be much faster than NXT can possibly grow.<br />
<br />
People say I am doing too many things. maybe I am, but I think this is better than not doing enough things, or not doing anything like some of my critics who are quick to criticize me but I dont see anything they are doing.<br />
<br />
I would like to publicly thank aldrin for his generous support of my ideas and his critical donation to me during the darkest times. He just granted me a big chunk of NXT so I didnt have to worry about money. It was a lot more than anybody ever just gave to me before I did a project and with all my expenses covered for the rest of the year I was able to really concentrate on NXTservices instead of wasting time with bill collectors, finding rent money, etc.<br />
<br />
Without aldrin I would have been forced to hire myself out as contractor just to pay back debt and bills (I didnt know about DRK going 50x yet). then most likely my NXT work would have been reduced dramatically.<br />
<br />
All the TEAM members who now have about one third of what I originally had can also thank aldrin's generosity. I have worked very hard toward a bounty, only to have it suddenly taken away without any notice or conversation. This is not conducive to getting the best talent working hard. I have created a pretty ambitious vision of assets companies and while given time I could probably do most of it myself, I realized aldrin's wisdom. The more people that become vested in NXT, the better for NXT. So I did my usual too much thing and did too much recruiting :)<br />
<br />
So, now I have gone from 2 BTC in hand to coordinating a TEAM of nearly thirty people, one third ownership of half a dozen operating asset companies with a market value of nearly 100 million NXT, in 6 months. I have made many mistakes and I will continue to make mistakes, but I am used to working extra hard to make up for them. I think it is easy for people to say that I became rich too easy, but the above leaves out many other battles I have had behind the scenes. It really wasnt as easy as it sounds.<br />
<br />
What is most amazing to me about the NXT community is that the vast majority of people here are good people and are really helping each other as best as they can. The emules and fudster types are few and far between. I think the recent acrimony was due to the big money lost (not made) that put people on edge. I am just one small part of NXT. We just need to do what we can to help each other succeed and NXT is truly unstoppable. Just know this will be a several year marathon to complete the first stage and before the second stage will start.<br />
<br />
James<br />
<br />
18146608053740744717<br />
NXT-DE2F-W76R-GL25-HMFPRSarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com1tag:blogger.com,1999:blog-7094013016379412586.post-16851726050051526362014-04-30T17:32:00.001-07:002014-05-03T15:11:56.815-07:00Why should you accept crypto currencies and which one is the best? Fresh tips for merchants and businesses!<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US">First of all, let's compare the transaction
sent from USA to China</span></b><span lang="EN-US">:<o:p></o:p></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTable15Grid5DarkAccent1" style="border-collapse: collapse; border: none; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="background: #4F81BD; border-right: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.7pt;" valign="top" width="124"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
</td>
<td style="background: #4F81BD; border-bottom: solid white 1.0pt; border-left: none; border-right: none; border-top: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-bottom-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.8pt;" valign="top" width="70"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">1 USD<o:p></o:p></span></b></div>
</td>
<td style="background: #4F81BD; border-bottom: solid white 1.0pt; border-left: none; border-right: none; border-top: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-bottom-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 101.1pt;" valign="top" width="135"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">1000
USD<o:p></o:p></span></b></div>
</td>
<td style="background: #4F81BD; border-bottom: solid white 1.0pt; border-left: none; border-right: none; border-top: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-bottom-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 117.65pt;" valign="top" width="157"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">1
Billion USD<o:p></o:p></span></b></div>
</td>
<td style="background: #4F81BD; border-left: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-right-alt: solid white .5pt; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 100.15pt;" valign="top" width="134"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">The
fees go to:<o:p></o:p></span></b></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.7pt;" valign="top" width="124"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Post / check<o:p></o:p></span></b></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.8pt;" valign="top" width="70"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">94 cents<o:p></o:p></span></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 101.1pt;" valign="top" width="135"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">94 cents<o:p></o:p></span></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 117.65pt;" valign="top" width="157"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">94 cents<o:p></o:p></span></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 100.15pt;" valign="top" width="134"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">Post<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.7pt;" valign="top" width="124"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Bank Transfer<o:p></o:p></span></b></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.8pt;" valign="top" width="70"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">10 cents<o:p></o:p></span></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 101.1pt;" valign="top" width="135"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">5-100 USD<o:p></o:p></span></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 117.65pt;" valign="top" width="157"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">1 million USD<o:p></o:p></span></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 100.15pt;" valign="top" width="134"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">Bank<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.7pt;" valign="top" width="124"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Credit Card<o:p></o:p></span></b></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.8pt;" valign="top" width="70"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">34 cents<o:p></o:p></span></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 101.1pt;" valign="top" width="135"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">40 USD <o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">(merchant pays)<o:p></o:p></span></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 117.65pt;" valign="top" width="157"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">40 million USD (merchant pays)<o:p></o:p></span></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 100.15pt;" valign="top" width="134"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">Credit card company<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.7pt;" valign="top" width="124"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">PayPal<o:p></o:p></span></b></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.8pt;" valign="top" width="70"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">33 cents<o:p></o:p></span></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 101.1pt;" valign="top" width="135"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">5 USD<o:p></o:p></span></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 117.65pt;" valign="top" width="157"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">5 million USD<o:p></o:p></span></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 100.15pt;" valign="top" width="134"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">PayPal owner<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.7pt;" valign="top" width="124"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Bitcoin crypto currency<o:p></o:p></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.8pt;" valign="top" width="70"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">5 cents<o:p></o:p></span></div>
</td>
<td style="background: #92D050; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 101.1pt;" valign="top" width="135"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">5 cents<o:p></o:p></span></div>
</td>
<td style="background: #92D050; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 117.65pt;" valign="top" width="157"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">5 cents<o:p></o:p></span></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 100.15pt;" valign="top" width="134"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">Bitcoin miners with strong computers<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 92.7pt;" valign="top" width="124"><div class="MsoNormal" style="margin-bottom: 0.0001pt;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Nxt crypto currency<o:p></o:p></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 52.8pt;" valign="top" width="70"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">2 cents<o:p></o:p></span></div>
</td>
<td style="background: #92D050; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 101.1pt;" valign="top" width="135"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">2 cents<o:p></o:p></span></div>
</td>
<td style="background: #92D050; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 117.65pt;" valign="top" width="157"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">2 cents<o:p></o:p></span></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 100.15pt;" valign="top" width="134"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">All Nxt users*<o:p></o:p></span></div>
<div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<br /></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<i><span lang="EN-US">Additional annual monthly fees: most
of the Banks and Credit cards, 30 USD/month for using Bitpay payment system/gateway
(Bitcoin-USD).<o:p></o:p></span></i></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">*All
Nxt users with stake at least 500 USD, using Nxt clients (the power of computer
is irrelevant)<i><o:p></o:p></i></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">Now
let’s compare the <b>speed of transaction</b>:<o:p></o:p></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTable15Grid5DarkAccent1" style="border-collapse: collapse; border: none; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="background: #4F81BD; border-right: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 118.8pt;" valign="top" width="158"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
</td>
<td style="background: #4F81BD; border-bottom: solid white 1.0pt; border-left: none; border-right: none; border-top: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-bottom-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 108.8pt;" valign="top" width="145"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">1 USD<o:p></o:p></span></b></div>
</td>
<td style="background: #4F81BD; border-bottom: solid white 1.0pt; border-left: none; border-right: none; border-top: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-bottom-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 117.6pt;" valign="top" width="157"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">1000
USD<o:p></o:p></span></b></div>
</td>
<td style="background: #4F81BD; border-left: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-right-alt: solid white .5pt; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 78.4pt;" valign="top" width="105"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">1
Billion USD<o:p></o:p></span></b></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 118.8pt;" valign="top" width="158"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Post /
check<o:p></o:p></span></b></div>
</td>
<td colspan="3" style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 304.8pt;" valign="top" width="406"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">1-6 weeks<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 118.8pt;" valign="top" width="158"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Bank
Transfer<o:p></o:p></span></b></div>
</td>
<td colspan="3" style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 304.8pt;" valign="top" width="406"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">3-14 days<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 118.8pt;" valign="top" width="158"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Credit
Card<o:p></o:p></span></b></div>
</td>
<td colspan="3" style="background: #92D050; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 304.8pt;" valign="top" width="406"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">1 minute<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 118.8pt;" valign="top" width="158"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">PayPal<o:p></o:p></span></b></div>
</td>
<td colspan="3" style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 304.8pt;" valign="top" width="406"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">minutes/days<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 118.8pt;" valign="top" width="158"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Bitcoin
crypto currency<o:p></o:p></span></b></div>
</td>
<td colspan="3" style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 304.8pt;" valign="top" width="406"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">10 minutes - days (up to transaction fee)<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 118.8pt;" valign="top" width="158"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Nxt
crypto currency<o:p></o:p></span></b></div>
</td>
<td colspan="3" style="background: #92D050; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 304.8pt;" valign="top" width="406"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">1 minute<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">Actual
<b>cost of one transaction</b>:<o:p></o:p></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTable15Grid5DarkAccent1" style="border-collapse: collapse; border: none; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr style="height: 13.5pt; mso-yfti-firstrow: yes; mso-yfti-irow: -1; mso-yfti-lastfirstrow: yes;">
<td colspan="2" style="background: #4F81BD; border: solid white 1.0pt; height: 13.5pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 246.1pt;" valign="top" width="328"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Actual
cost of the transaction:<o:p></o:p></span></b></div>
</td>
</tr>
<tr style="height: 12.75pt; mso-yfti-irow: 0;">
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; height: 12.75pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 133.0pt;" valign="top" width="177"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Bitcoin
crypto currency<o:p></o:p></span></b></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; height: 12.75pt; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 113.1pt;" valign="top" width="151"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">30 USD<o:p></o:p></span></div>
</td>
</tr>
<tr style="height: 14.25pt; mso-yfti-irow: 1; mso-yfti-lastrow: yes;">
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; height: 14.25pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 133.0pt;" valign="top" width="177"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Nxt
crypto currency<o:p></o:p></span></b></div>
</td>
<td style="background: #92D050; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; height: 14.25pt; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 113.1pt;" valign="top" width="151"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">1 cent<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">Here
are only Bitcoin and Nxt crypto currencies, because all others: Litecoin,
Dogecoin or Blackcoin are only the clones based on the Bitcoin’s source code. While
Nxt is a brand new, written from the scratch, faster and cheaper than Bitcoin.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">As
you can see, accepting any cryptos is much faster and cheaper than accepting
fiat money. And the best solution is probably using Nxt. The brand new currency
Nxt is not dependent on slow development of the Bitcoin developers - look how
fast is adding new features: <a href="https://nxtforum.org/general/">nxtforum.org/general</a><o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">The
aim of crypto currencies shouldn’t be to replace fiat currencies, but to expand
possibilities in the web payments. Since the internet doesn’t support any simple
payments from EU->US->CNY and so on. It is way easier and faster to use
crypto currencies in these cases. Also if you want to visit Argentina, you need
to use fiat exchanges 2-3x and always pay high fees. In crypto world there are
no country borderlines!<o:p></o:p></span></div>
<div align="center" class="MsoListParagraph" style="margin-bottom: 0.0001pt; text-align: center;">
<span class="Nadpis1Char"><span style="font-size: 16.0pt;"><br /></span></span>
<br />
<h2>
<span class="Nadpis1Char"><span style="font-size: 16.0pt;">Nxt: the fastest crypto with
most of the features</span></span></h2>
</div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
List of Nxt features:</div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br />
<ul>
<li><b><span lang="EN-US">Running:</span></b><span lang="EN-US"> 1-minute
payment system, Alias system, Arbitrary Messages, Asset Exchange, Leased
Forging, Nxt Multipool</span></li>
<li><b><span lang="EN-US">Will
be released in summer 2014:</span></b><span lang="EN-US"> Multigateway, Nxt Mixer, Nxt
Torrent, Instant transactions, Account control/Phasing (= cold storage, escrow),
Digital Goods Store</span></li>
<li><b><span lang="EN-US">Will
be released later:</span></b><span lang="EN-US"> Automated transactions, Cross Chain
Transactions, Judgement (Reputation) System, Monetary System, Service Providers,
IPO Businesses, Transparent Forging, Time Warp, Two Factor Authentication</span></li>
</ul>
</div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<h2>
<span lang="EN-US">In cryptos you trust in
math<o:p></o:p></span></h2>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">Many
of us don't understand how cryptos actually work. But do you know how everything
about Visa or PayPal? In fiat money, you need to trust to your government. In
cryptos, you can trust in math.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><i><span lang="EN-US">Do you think using cryptos is not
safe? Let me show you, want can never happen in crypto world:<o:p></o:p></span></i></b></div>
<div style="background: #F2F2F2; border: solid windowtext 1.0pt; margin-left: 18.0pt; margin-right: 0cm; mso-background-themecolor: background1; mso-background-themeshade: 242; mso-border-alt: solid windowtext .5pt; mso-element: para-border-div; padding: 1.0pt 4.0pt 1.0pt 4.0pt;">
<div class="MsoListParagraphCxSpFirst" style="background-position: initial initial; background-repeat: initial initial; border: none; margin: 0cm 0cm 0.0001pt 18pt; padding: 0cm; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-US">Savers with over 100,000 euros deposited in the <b>Bank of Cyprus </b>lost up to 60 per cent of
their deposited money. <o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="background-position: initial initial; background-repeat: initial initial; border: none; margin: 0cm 0cm 0.0001pt 18pt; padding: 0cm; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-US">The peak month of hyperinflation in <b>Zimbabwe</b> occurred in 2008 with a rate
estimated at 79,600,000,000% per month. Zimbabwe Dollars were ranging from 10
to 100 trillion within a one year period.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpMiddle" style="background-position: initial initial; background-repeat: initial initial; border: none; margin: 0cm 0cm 0.0001pt 18pt; padding: 0cm; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-US">The bankruptcy of the <b>Icelandic</b> banks lead to enormous increasing of Iceland's external
debt.<o:p></o:p></span></div>
<div class="MsoListParagraphCxSpLast" style="background-position: initial initial; background-repeat: initial initial; border: none; margin: 0cm 0cm 0.0001pt 18pt; padding: 0cm; text-align: justify; text-indent: -18pt;">
<!--[if !supportLists]--><span lang="EN-US" style="font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-US">The inflation in <b>Argentina</b> was over 20% during 2008<o:p></o:p></span></div>
</div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">You
can't do this with cryptos, they are not centrally manipulated by country
leaders or finance bosses! Welcome to the free market! So actually using
cryptos is safer than depending on currencies centrally lead and manipulated by
the governments.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<h2>
<span lang="EN-US">Risks? None! <o:p></o:p></span></h2>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">Are
you afraid of price volatility? No problem in most of the crypto payment services!
All trades can be converted to USD instantly, if you want, so you don’t have to
care, what the current price of Nxt or Bitcoin is! So if a car costs one day 10
Bitcoins and the other day 11 Bitcoins, merchant always gets the same money –
5.000 USD. There are no fees if you use Bitpay (but you must pay 30 USD/month)
or you can use Coinbase and pay 1% fees for converting into local currencies.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<h2>
<span lang="EN-US">Great features: Nxt - more
than just a currency<o:p></o:p></span></h2>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">Remember,
how credit cards or pay pal can be used only for transferring the money? Crypto currencies 2.0 like Nxt allow you send
messages and use aliases. Don't be just a number! In near future you will use
one program for all communication and transactions with the customer. It will
be easier to contact your former customers and offer them special deals or
discounts…<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<h2>
<span lang="EN-US">Do you manage charity, crowd
funding or startups? <o:p></o:p></span></h2>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">Cryptos have been extremely successful in the
non-profit industry. It got huge media attention, when crypto donations helped
to <a href="http://www.telegraph.co.uk/technology/wikipedia/10687380/Influx-of-Wikipedia-donations-after-Wales-publishes-personal-Bitcoin-address.html">Wikipedia</a>,
<a href="http://www.ibtimes.co.uk/wikileaks-gets-bulk-donation-via-bitcoin-litecoin-1433776">Wikileaks</a>
or <a href="http://www.theguardian.com/technology/2014/jan/20/jamaican-bobsled-team-raises-dogecoin-winter-olympics">Olympic
team</a>.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US">How to accept Nxt cryptocurrency? <o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">You
can use payment gateway for cryptocurrencies - <a href="https://www.coinpayments.net/">https://www.coinpayments.net</a> or use
instructions: <a href="http://wiki.nxtcrypto.org/wiki/Automate_Nxt_for_your_website">http://wiki.nxtcrypto.org/wiki/Automate_Nxt_for_your_website</a>
<o:p></o:p></span></div>
<h2>
<span lang="EN-US">Become a leader by
accepting crypto currencies<o:p></o:p></span></h2>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">When
did your businesses add Facebook or Twitter? Crypto currencies are now like in
early years of Facebook. Not many users, not many games. But you probably know
Zynga's Farmville. Why are 200 million unique monthly active users playing FarmVille?
Because Zynga was the first. If you use a crypto momentum and become a first
business accepting cryptos, you can be like Zynga. Ahead of your competition.
Like Overstock.</span> </div>
<h2>
<span lang="EN-US">How would benefit your
business if it had IPO on Nxt asset exchange?<o:p></o:p></span></h2>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<span lang="EN-US">Let’s compare the costs one more time: <o:p></o:p></span></div>
<table border="1" cellpadding="0" cellspacing="0" class="MsoTable15Grid5DarkAccent1" style="border-collapse: collapse; border: none; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-padding-alt: 0cm 5.4pt 0cm 5.4pt; mso-yfti-tbllook: 1184;">
<tbody>
<tr>
<td style="background: #4F81BD; border-right: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.5pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
</td>
<td style="background: #4F81BD; border-bottom: solid white 1.0pt; border-left: none; border-right: none; border-top: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-bottom-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">The
costs of IPO<o:p></o:p></span></b></div>
</td>
<td style="background: #4F81BD; border-left: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-bottom-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-right-alt: solid white .5pt; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">The length
of the process<o:p></o:p></span></b></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.5pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">WebFillings<o:p></o:p></span></b></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">$400,000<o:p></o:p></span></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">Weeks/Months<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.5pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Grant
Thornton<o:p></o:p></span></b></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">$750,000<o:p></o:p></span></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">Weeks/Months<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.5pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Audit
fees<o:p></o:p></span></b></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">$186,201<o:p></o:p></span></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">Weeks/Months<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.5pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Board
of directors fees<o:p></o:p></span></b></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">$431,000<o:p></o:p></span></div>
</td>
<td style="background: #DBE5F1; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 51; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">Weeks<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.5pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Fees
for NYSE or NASDAQ<o:p></o:p></span></b></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">$35,000 -
$500,000<o:p></o:p></span></div>
</td>
<td style="background: #B8CCE4; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent1; mso-background-themetint: 102; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">-<o:p></o:p></span></div>
</td>
</tr>
<tr>
<td style="background: #4F81BD; border-top: none; border: solid white 1.0pt; mso-background-themecolor: accent1; mso-border-alt: solid white .5pt; mso-border-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.5pt;" valign="top" width="205"><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US" style="color: white; mso-ansi-language: EN-US; mso-themecolor: background1;">Nxt
asset exchange<o:p></o:p></span></b></div>
</td>
<td style="background: #9BBB59; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent3; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">$100 (= 1000 NXT)<o:p></o:p></span></div>
</td>
<td style="background: #9BBB59; border-bottom: solid white 1.0pt; border-left: none; border-right: solid white 1.0pt; border-top: none; mso-background-themecolor: accent3; mso-border-alt: solid white .5pt; mso-border-bottom-themecolor: background1; mso-border-left-alt: solid white .5pt; mso-border-left-themecolor: background1; mso-border-right-themecolor: background1; mso-border-themecolor: background1; mso-border-top-alt: solid white .5pt; mso-border-top-themecolor: background1; padding: 0cm 5.4pt 0cm 5.4pt; width: 153.55pt;" valign="top" width="205"><div align="center" class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: center;">
<span lang="EN-US">10 minutes<o:p></o:p></span></div>
</td>
</tr>
</tbody></table>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 35.4pt; text-align: justify;">
<span lang="EN-US">And remember: anyone in the world
can invest in your company, without using a bank account, within seconds,
without fees and even with 1 dollar!<o:p></o:p></span></div>
<div class="MsoNormal" style="margin: 0cm 0cm 0.0001pt 35.4pt; text-align: justify;">
<br /></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<br /></div>
<br />
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify;">
<b><span lang="EN-US">Nxt is like a Ferrari in the world
of crypto currencies</span></b><span lang="EN-US">
– faster (than Ford), with more features (than Ford), but also cheaper and with
less consumption (than Ford/Bitcoin!). <b>Drive
a Ferrari, <a href="http://justpaste.it/accept-nxt">use Nxt</a>!</b><o:p></o:p></span><br />
<span lang="EN-US"><b><br /></b></span>
<span lang="EN-US"><img src="http://i.imgur.com/6QzpXNQ.png" /></span></div>Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com8tag:blogger.com,1999:blog-7094013016379412586.post-79083675898178189102014-04-23T06:33:00.002-07:002014-04-23T06:34:28.680-07:00The first multipool of Proof of Stake cryptocurrency finished beta stage: Bitcoin's future is Nxt<div class="MsoNormal" style="text-align: justify;">
A team of passionate people have been working in
last months on what has been referred to as Bitcoin 2.0: Nxt. Nxt is an advancement
in the fundamental technology behind Bitcoin and brings with it an entirely new
code base as opposed to being a simple fork of the existing code. Nxt is one of the first implementations of
some of the technologies that are considered to be 'second-generation
cryptocurrency' such as decentralized messages system, peer to peer exchange,
multigateways or distributed asset exchange. Nxt is also able to solve perhaps
the biggest shortcoming Bitcoin has through its capability to process
transactions virtually instantly. Nxt is simply faster and cheaper than Bitcoin
and provides more features than Bitcoin and all its clones together.<br />
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US">Early Adoption?<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US">Investors are flocking to get behind NXT as
early as possible. Similar to Bitcoin, those who are able to identify the
technical innovation behind the product are likely to be rewarded greatly for
their early investment. The NXT
ecosystem (as with features like those named above makes it far more than a
simple currency) is still one that can be easily bought into by the average
investor without needing the amount of capital required for a sizable
investment into the Bitcoin market space.
<o:p></o:p></span><br />
<span lang="EN-US"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US">Why Nxt?<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US">Nxt was the first pure 'proof of stake'
cryptocurrency, which means that all of the coins in the marketplace have
existed since the coin began. This is as opposed to the traditional Bitcoin,
which uses mining to create new coins. There
actually are other Bitcoin 'clone' coins, which use 'Proof of Stake'. But the
problem with Blackcoin, Coin2, Communitycoin, Faircoin, Peercoin, Premine or
Whitecoin is in lacking of special features they could provide and in using too
slow transaction process. Scarcity may sometimes drive up price, but it does
not create demand. Demand is tied to the
utility of that item, as well as how scarce that item is. And it is not about the number of vendors,
who accept their crypto. Look at Earthcoin, it crashed even when tons of shops
were accepting it. Blackcoin, for example, has only slightly more utility than
Bitcoin (a shorter confirmation time). And
a little group of pump and dumpers, who are willing to mine Blackcoin, but for
just one simple reason – to dump it as soon as it gets over 50 thousand
Satoshi.<o:p></o:p></span><br />
<span lang="EN-US"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US">Nxt, however, is at the forefront of a number
of breakthrough cryptocurrency technologies and demand for these technologies
will be at a premium in the future. You can never be sure, when Blackcoin
follows the crash of Auroracoin, Mazacoin, Megacoin, Mintcoin, Pandacoins or
Quarkcoin. But the crash will come. <o:p></o:p></span><br />
<span lang="EN-US"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US">In Nxt, there will be only ups in the future.
Big ups. Why? Imagine, when the companies will be kickstarting via Nxt’s asset
exchange. Big companies with millions of
customers. And it won’t be only a slight pump like Mastercoin’s
Maidsafe-shares. Nxt asset exchange will be the fastest of all other solutions,
so basically – the only useful decentralized exchange with multigateway.<o:p></o:p></span><br />
<span lang="EN-US"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<b><span style="color: #38761d;">Nxt is a brand new, written from the scratch, faster and cheaper than
Bitcoin an all its clones!</span></b><span lang="EN-US"><o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="text-align: justify;">
<b><span lang="EN-US">Acquiring NXT – mining
on multipool<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US">The price for a single NXT 'coin' still
experiences a great deal of daily volatility, similar to Bitcoin. In order to help mitigate these daily
fluctuations a mining pool has been created to help stabilize and increase the
price of NXT. Operating in limited beta
test mode for over 30 days already, Hashrate has succeeded in already paying out
to its miners the equivalent of over 15 Bitcoins worth of NXT. The long term effect of a continual infusion
of BTC into the NXT ecosystem every day will result in the value of the coin
increasing. Miners who look at their
mining equipment as an investment could hardly find a better choice of mining
pool than Hashrate - they will get a higher payout in NXT coins than any other
pool would give them in BTC.<o:p></o:p></span><br />
<span lang="EN-US"><br /></span></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US">For those who are not miners: anyone who has
invested on technological speculation should consider including NXT in their
investment portfolio. The currently low prices combined with the game-changing
technological features that have come out of the NXT ecosystem make it one of
the few cryptocurrencies that has a bright future. NXT is available for trade
on nearly all of the major cryptocurrency exchanges, like Bter or Cryptsy.<o:p></o:p></span><br />
<span lang="EN-US"><br /></span></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="color: blue;"><span lang="EN-US" style="font-family: Symbol; mso-ansi-language: EN-US; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-US">More
about nxt: <a href="http://nxt.org/">http://nxt.org</a> <o:p></o:p></span></span></b></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="color: blue;"><span lang="EN-US" style="font-family: Symbol; mso-ansi-language: EN-US; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--><span lang="EN-US">Nxt
multipool: <a href="http://hashrate.org/">http://hashrate.org</a> <o:p></o:p></span></span></b></div>
<div class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-align: justify; text-indent: -18.0pt;">
<!--[if !supportLists]--><b><span style="color: blue;"><span lang="EN-US" style="font-family: Symbol; mso-ansi-language: EN-US; mso-bidi-font-family: Symbol; mso-fareast-font-family: Symbol;">·<span style="font-family: 'Times New Roman'; font-size: 7pt;">
</span></span><!--[endif]--></span></b><span lang="EN-US"><b><span style="color: blue;">Follow
Hashrate: <a href="https://twitter.com/HashRate_org">https://twitter.com/HashRate_org</a></span></b>
<o:p></o:p></span><br />
<br /></div>
<div class="MsoNormal" style="text-align: justify;">
<span lang="EN-US">Short message:<o:p></o:p></span></div>
<br />
<div class="MsoNormal" style="margin-left: 35.4pt; text-align: justify;">
<i><span lang="EN-US">Join Nxt multipool, mine the most promising Proof of Stake coin - Nxt: <a href="http://hashrate.org/">http://hashrate.org</a><o:p></o:p></span></i></div>
Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com1tag:blogger.com,1999:blog-7094013016379412586.post-80608529792957672702014-04-15T07:49:00.004-07:002014-05-16T00:35:19.604-07:00What can you buy with NXT?<h3>
<span style="color: red;">Recommended shop:</span></h3>
<div>
<b>Coinverted - <a href="http://coinverted.com/">http://coinverted.com/</a></b></div>
<div>
<ul>
<li>gift cards for: Amazon, Apple, Playstation store, Walmart, Southwest Airlines, Best Buy, Burger King, AMC Theatres</li>
<li>Computers and accessories, Kindle store</li>
<li>Movies</li>
<li>Precious metals</li>
<li>Videogames</li>
</ul>
<div>
<br /></div>
</div>
<h3>
<span style="color: #6aa84f;">Nxt merchandising shops</span></h3>
<b><a href="http://nxtbay.com/">http://nxtbay.com/</a></b><br />
<img alt="NXT Generation of Cryptocurrency Value T-Shirt" src="http://nxtbay.com/image/cache/data/tee-3-228x228.jpg" /> <img alt="NXT Generation of Cryptocurrency Key Chain" src="http://nxtbay.com/image/cache/data/key-1-228x228.jpg" /><br />
<br />
<b><a href="http://www.nxtshop.eu/">http://www.nxtshop.eu/</a></b><br />
<img alt="MUSE hip flask, chrome" src="http://www.nxtshop.eu/fotky6473/fotos/_vyrn_8butylka.jpg" width="300" /><br />
<br />
<b>3D Prints:</b> <a href="https://nxtforum.org/nxt-promotion/nxt-3d-prints-by-marek3ball/">https://nxtforum.org/nxt-promotion/nxt-3d-prints-by-marek3ball/</a><br />
<img height="238" src="https://dl.dropboxusercontent.com/u/916428/Nxt_3dprint/Nxt_CPU_logo_2_800px.jpg" width="320" /><br />
<h3>
<span style="color: #6aa84f;"><br />Crypto shops:</span></h3>
<a href="https://cryptovest.com/shop/">https://cryptovest.com/shop/</a> - CryptoCoin Investments (Coin Capsules and physical litecoins)<br />
<img alt="AssembledCoin" src="https://cryptovest.com/wp-content/uploads/2013/02/AssembledCoin-90x90.jpg" /><br />
<br />
<a href="http://www.cryptocoinstuff.com/" style="box-sizing: border-box; color: #428bca; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; text-decoration: none; white-space: nowrap;" target="_blank">http://www.cryptocoinstuff.com</a> - stickers<br />
<img alt="Bah_coro_sign" src="http://www.cryptocoinstuff.com/wp-content/uploads/2013/11/Bah_coro_sign-300x112.jpg" /><br />
<br />
<a href="http://woodwallets.io/" style="box-sizing: border-box; color: #2a6496; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; outline: 0px; white-space: nowrap;" target="_blank">http://woodwallets.io</a> - Nxt wooden wallets<br />
<img alt="Click to visit this store..." src="https://www.coinpayments.net/images/storebanners/8bd708ae974be9b6357c8d86b912433e0fa12dfe6fa1a5d05c2cd1721fa6bbd4.jpg" /><br />
<br />
<a href="http://www.51attack.com/">http://www.51attack.com/</a> - Crypto Miner Gear / Clothing<br />
<img alt="Dogecoin Grunge T-Shirt in Banana" src="http://www.51attack.com/wp-content/uploads/dogecoin-350x350.jpg" /><br />
<br />
<br />
<h3>
<span style="color: #6aa84f;">Hosting:</span></h3>
<div>
<a href="http://vps4.me/">http://vps4.me/</a> - a small Virtual private server provider</div>
<div>
<br /></div>
<div>
<a href="http://143vpn.com/">http://143vpn.com/</a> - VPN servers</div>
<div>
<br /></div>
<div>
<a href="https://briehost.com/">https://briehost.com/</a> - webhosting</div>
<div>
<br /></div>
<h3>
<span style="color: #6aa84f;">Electro:</span></h3>
<div>
<a href="http://www.byodpc.com/" style="background-color: white; box-sizing: border-box; color: #428bca; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; text-decoration: none; white-space: nowrap;" target="_blank">http://www.byodpc.com</a> - Desktops That Don't Suck</div>
<h3>
<span style="color: #6aa84f;"><br />Games:</span></h3>
<div>
<a href="http://www.retrotowers.co.uk/" style="background-color: white; box-sizing: border-box; color: #2a6496; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; outline: 0px; white-space: nowrap;" target="_blank">http://www.retrotowers.co.uk</a> - old consoles and games</div>
<h3>
<img alt="3rd party replica NES controller" src="http://www.retrotowers.co.uk/image/cache/data/3rd-party-replica-nes-controller-128-152x152.jpg" /> <img alt="Everdrive 64 V2 (Cartridge Form) With Shell" src="http://www.retrotowers.co.uk/image/cache/data/everdrive-64-a2938-152x152.jpg" /></h3>
<h3>
<span style="color: #6aa84f;"><br />Music:</span></h3>
<div>
<a href="http://www.meplus1.com/">http://www.meplus1.com/</a></div>
<div>
<span style="color: #6aa84f;"><br /></span></div>
<h3>
<span style="color: #6aa84f;"><br />Food:</span></h3>
<div>
<a href="http://www.echabit.com/">http://www.echabit.com/</a> - Hand-Crafted Premium eJuices<br />
<br />
<br />
<div style="-webkit-text-stroke-width: 0px; color: black; font-family: 'Times New Roman'; font-size: medium; font-style: normal; font-variant: normal; font-weight: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;">
</div>
<br />
<h3 style="-webkit-text-stroke-width: 0px; color: black; font-family: 'Times New Roman'; font-style: normal; font-variant: normal; letter-spacing: normal; line-height: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px;">
<span style="color: #6aa84f;">Clothes:</span></h3>
<a href="http://www.buygolfshirts.net/">www.BuyGolfShirts.net</a> - Apparel, hundreds of thousands of Promotional Products - over 1,500 garments online and another 10,000 garments offline to choose from.</div>
<div>
<br /></div>
<h3>
<span style="color: #6aa84f;">Jewelery:</span></h3>
<div>
<a href="http://cryptojeweler.com/" style="background-color: white; box-sizing: border-box; color: #428bca; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; text-decoration: none; white-space: nowrap;" target="_blank">http://cryptojeweler.com</a><span style="color: #6aa84f;"> </span>- diamond, gold, silver - rings, bracelets, chains, pendants, earrings....</div>
<div>
<img alt="14K White Gold Ageless Round Cut Diamond Eternity Ring" src="http://cryptojeweler.com/image/cache/D152982_1-200x200.jpg" /> <img alt="Sterling Silver Oval Style Cable Design Chain Link Necklace" src="http://cryptojeweler.com/image/cache/D205122_1-220x245.jpg" /><img alt="18K Yellow Gold and Sterling Silver Bluino Cameo Embellished Coin Motif Bracelet" src="http://cryptojeweler.com/image/cache/D163558_1-220x245.jpg" /></div>
<h3>
<span style="color: #6aa84f;"><br />Special shops:</span></h3>
<a href="http://btcpipeshop.com/" style="box-sizing: border-box; color: #428bca; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; text-decoration: none; white-space: nowrap;" target="_blank">http://btcpipeshop.com</a> - <span style="background-color: #f9f9f9; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; white-space: nowrap;">Amazonia Imports - supporting traditional culture in South </span><span style="background-color: #f9f9f9; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; white-space: nowrap;">America through the sales of Palo Santo Incense and Peruvian</span><br />
<span style="background-color: #f9f9f9; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; white-space: nowrap;">Pipes</span><br />
<div>
<img alt="Click to visit this store..." src="https://www.coinpayments.net/images/storebanners/bbd709193aac01a790d485be3a96e7de8b2a9aa5ca5927081c46e7b245b78419.jpg" /></div>
<div>
<br />
<br />
<a href="http://bitezze.com/" style="background-color: white; box-sizing: border-box; color: #428bca; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; text-decoration: none; white-space: nowrap;" target="_blank">http://bitezze.com</a> <span style="background-color: white; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; white-space: nowrap;"> </span><span style="background-color: white; color: #333333; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; white-space: nowrap;">- Buy precious metals with cryptocurrency</span><br />
<img alt="Titanium with Round Stones All Around Band Ring" src="http://www.bitezze.com/image/cache/data/R-TI-3866-80x80.jpg" /> <img alt="2014 Silver Britannia Coin" src="http://www.bitezze.com/image/cache/data/2014_silver_bullion_britannia_rev-100x100.jpg" /> <img alt="Zinc Stallion" src="http://www.bitezze.com/image/cache/data/1ozt_zinc_stallion_bar-100x100.jpg" /> <img alt="1 Gram Gold Perth Bar" src="http://www.bitezze.com/image/cache/data/1g_perth_gold_bar-80x80.jpg" /><br />
<br />
<br />
<a href="http://www.bitcoinmetals.us/" style="box-sizing: border-box; color: #428bca; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; text-decoration: none; white-space: nowrap;" target="_blank">http://www.bitcoinmetals.us</a> - bullions and coins<br />
<img alt="s321241467630058857_p69_i1_w150" src="http://96.236.19.133/bitcoinmetals/wp-content/uploads/2014/01/s321241467630058857_p69_i1_w150.jpeg" /><br />
<br />
<br />
<a href="http://btcheadshop.com/">http://btcheadshop.com/</a> - a growshop<br />
<br />
<br />
<a href="http://bitcoinsportscards.com/">http://bitcoinsportscards.com/</a> - sports cards and figures<br />
<img alt="s923688729222610622_p231_i1_w136" src="http://96.236.19.133/bitcoinsportscards/wp-content/uploads/2014/01/s923688729222610622_p231_i1_w136.jpeg" /> <img alt="s923688729222610622_p6_i1_w243" src="http://96.236.19.133/bitcoinsportscards/wp-content/uploads/2014/01/s923688729222610622_p6_i1_w243-150x150.jpeg" /><br />
<br />
<a href="https://www.blogger.com/goog_1821418402"><br /></a>
<a href="https://revolutionarysupplies.com/">https://revolutionarysupplies.com/</a> - survivor kits<br />
<img alt="Food & Water" src="https://revolutionarysupplies.com/image/cache/data/guardian/FWCHCS-100x100.jpg" /> <img alt="Seeds" src="https://revolutionarysupplies.com/image/cache/data/guardian/PSHG-100x100.jpg" /> <img alt="Survival Gear" src="https://revolutionarysupplies.com/image/cache/data/guardian/BCB-100x100.jpg" /> <img alt="Survival Kits" src="https://revolutionarysupplies.com/image/cache/data/guardian/SKQK-100x100.jpg" /><br />
<br />
<br />
<a href="https://www.cheveux-naturels.com/" style="background-color: white; box-sizing: border-box; color: #2a6496; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; outline: 0px; white-space: nowrap;" target="_blank">https://www.cheveux-naturels.com/</a> - Natural human hair extensions<br />
<br />
<br />
<a href="http://www.oxpal.com/shop" style="background-color: white; box-sizing: border-box; color: #428bca; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 14px; line-height: 20px; text-decoration: none; white-space: nowrap;" target="_blank">http://www.oxpal.com/shop</a> - Thomas Schmall - Art and Games<br />
<img alt="Summershower in Amsterdam" src="http://www.oxpal.com/wp-content/uploads/2013/12/31_summershowersingel_big-241x300.jpg" /> <img alt="Japanese Style House" src="http://www.oxpal.com/wp-content/uploads/2013/07/11_drawxp03_big-300x213.jpg" /><br />
<br />
<br />
PS: Bitstickers are selling Nxt sticker, but they will start accepting Nxt in future: <a href="http://bitstickers.net/shop/nxt-round-sticker-35mm/">http://bitstickers.net/shop/nxt-round-sticker-35mm/</a> </div>
Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com2tag:blogger.com,1999:blog-7094013016379412586.post-60005114931869527592014-02-27T11:03:00.003-08:002014-02-27T11:03:47.133-08:00What is Nxt? by: NxtMinnowWhen I explain cryptocurrencies to my friends, one of the first questions is: will cryptocurrencies replace dollars, euros, etc? My answer to them is always a resounding NO; all assets including cryptocurrencies, fiat, precious metals, land, etc will all continue to exist and be traded in parallel with the new cryptocurrencies through the NXT Asset Exchange.<br />
<br />
HOWEVER, NXT is not just a cryptocurrency asset; but rather a powerful tool to enable transactions between all classes of assets and all groups of people.<br />
<br />
So many people globally are locked out of the ability to conduct basic economic transactions, let alone complex transactions due to the expense resulting from the greed of the global banking cartel. The NXT ecosystem has the ability to free these underbanked and underserved people to finally join the world economic system free from the constraints of fractional reserve banking, capital controls, central banker greed, and computing arms races.<br />
<br />
NXT is reaching critical mass. It is true we need to organize, coordinate, keep calm and code on. It is my vision that with the full implementation of the NXT Asset Exchange System, eventually all other energy unsustainable cryptocurrencies (All BTC and LTC clones) will be built on top of the NXT ecosystem as Proof of Work/Proof of Stake Coins. The Proof of Stake NXT ecosystem provides the leanest, cheapest method to conduct secure cryptographic transactions and DATA GOES WHERE IT IS CHEAPEST!Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com3tag:blogger.com,1999:blog-7094013016379412586.post-84683832027056400072014-01-30T20:56:00.001-08:002014-02-01T19:17:59.821-08:00Nxt Distribution - infographics<iframe width="620" height="1389" frameborder="0" scrolling="no" style="overflow-y:hidden;" src="https://magic.piktochart.com/embed/1189813-presenta-board"></iframe>
<br />
By: Salsacz, donations: 15003961341330858247<br />
High Quality:<br />
<a href="http://i.imgur.com/qg336Xb.png">http://i.imgur.com/qg336Xb.png</a>Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com20tag:blogger.com,1999:blog-7094013016379412586.post-40814454724552561542014-01-30T20:53:00.002-08:002014-01-30T20:53:33.325-08:00Nxt Myths - paper completedAfter a month of hard researching I finished writing the Nxt Myths thesis:<br />
<br />
<b style="background-color: #f6f6f6; font-family: verdana, sans-serif; font-size: 13px; line-height: 16.899999618530273px;"><a href="https://drive.google.com/file/d/0BwAGADgnQcrtM3g1cU1VSHZtTGM/edit?usp=sharing" style="color: #476c8e; text-decoration: none;" target="_blank">https://drive.google.com/file/d/0BwAGADgnQcrtM3g1cU1VSHZtTGM/edit?usp=sharing</a></b><br />
<br />Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com0tag:blogger.com,1999:blog-7094013016379412586.post-61459766659802072652014-01-28T19:16:00.001-08:002014-01-28T19:16:51.051-08:00NxtMyths 6: What is Nxt mining?Nxt is a pure Proof-of-Stake (PoS) currency. Users validate the blockchain and secure the network by running a light weight client on any computing device (even one that used to run Windows XP). For doing this users are rewarded with Nxt coin that is collected from transaction fees. In addition, the "transparent forging" feature of Nxt will penalize accounts that do not participate in the mining process by temporarily reventing them from earning transaction fees<br />
<br />
Read all chapter:<br />
<a href="https://docs.google.com/file/d/0BwAGADgnQcrtcDhZTHRtSWNPUkU/edit">https://docs.google.com/file/d/0BwAGADgnQcrtcDhZTHRtSWNPUkU/edit</a>Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com0tag:blogger.com,1999:blog-7094013016379412586.post-45183162259666586312014-01-25T11:01:00.003-08:002014-01-25T11:01:52.099-08:00Nxt Blockchain / Transaction Analysis (by: Brosephus)This is a report of some high-level exploratory analysis of the Nxt blockchain. The goal here is to better understand how Nxt works, what has transpired so far, and to see if there is anything strange in the data.<br />
<br />
There are so many interesting things to look at, but this is a start. If there any suggestions at additional things to look at or ways to look at things, I'm all for it. At some point I might clean up and release the code for doing all of this here as well.<br />
<br />
<a href="http://brosephus.github.io/nxt-explore/"><b>Read all text</b></a>Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com0tag:blogger.com,1999:blog-7094013016379412586.post-65838983487546721032014-01-24T12:03:00.002-08:002014-01-25T16:51:24.567-08:00NxtMyths 5: Unsafe Password<div style="text-align: justify;">
<b>Since all Nxt accounts are stored on the network, isn't it possible for someone to guess my "secret phrase" and get easy access to my coins?</b></div>
<div style="text-align: justify;">
<b><br /></b></div>
<div style="text-align: justify;">
This is a very important question. See our Account Security page for an in-depth answer. In brief: This question emphasizes the importance of using a strong, secure password to create your Nxt account.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
If you enter a passphrase less than 30 characters long in the Nxt client, you will be warned that you are creating a security risk. A truly random string of 50 to 60 characters is a far better choice for a passphrase, and will significantly reduce the risk of someone "brute-forcing" your account or accidentally using the same passphrase. </div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Nxt supports 10^77 different account numbers (that's 100 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 000 accounts), so the range of possible passphrases is significant. You can use a site like <a href="https://howsecureismypassword.net/">https://howsecureismypassword.net/</a> to test the strength of your passphrase, and get an estimate of how long it would take a standard computer to crack it.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
To be safe, use a 30-characters long password that looks like this: a6f-5g46§s5g16s5dg16s5df1g6s,51gů§6a54ůfv6\,96d76E5D4.</div>
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<span style="color: purple;">Brainwallet</span></h3>
<div style="text-align: justify;">
<b>Come-from-Beyond:<i> </i></b><i>“Aye, we r going to follow the same way as Bitcoin 5 years ago. I still think that brainwallet is much more secure than files on a disk.” </i></div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
A brainwallet refers to the concept of storing Bitcoins in one's own mind by memorization of a passphrase. As long as the passphrase is not recorded anywhere, the Nxts can be thought of as existing nowhere except in the mind of the holder. If a brainwallet is forgotten or the person dies or is permanently incapacitated, the Nxts are lost forever.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
A brainwallet is created simply by starting with a unique phrase. The phrase must be sufficiently long to prevent brute-force guessing - a short password, a simple phrase, or a phrase taken from published literature is likely to be stolen by hackers who use computers to quickly try combinations. A suggestion is to take a memorable phrase and change it in a silly way that is difficult to predict.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
The phrase is turned into a 256-bit private key with a hashing or key derivation algorithm (example: SHA256). That private key is then used to compute a Nxt address, or a deterministic sequence of addresses.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
Nxts are sent to the address. In order to recover the Nxts, one must recompute the private key with the same phrase. The private key is imported into a wallet. It is very important when creating a brainwallet to use a passphrase that has a very high level of entropy. If this is not done, theft of the brainwallet is an eventual certainty.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
This is not a simple suggestion. This is a requirement. Most people when asked to create a secure password, with everything they've heard about creating a password, will still create a password that if used for a brainwallet, will result in the eventual theft of their funds. The simple fact of the matter is that hacking a brainwallet password is a mathematical exercise that requires no internet access, no communication, and leaves no trace, so hackers can collectively try multiple trillions of passwords every second in the privacy of their own homes.<b> </b><br />
<b><br /></b>
<b>Your bank might tell you that a 10 character password with uppercase, lowercase, numbers and symbols is a strong password, but it is not strong enough to secure a brainwallet. </b><br />
<b><br /></b>
A password that might be strong enough for traditional banking or a social website is typically unacceptable for a brainwallet.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
A brainwallet passphrase, at a minimum, needs to be an entire original sentence that does not appear in any song or literature. Security is enhanced simply by including some sort of memorable personal information, which doesn't necessarily even have to be secret (e.g. an e-mail address, or phone number). A good brainwallet passphrase will have dozens of characters.</div>
Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com2tag:blogger.com,1999:blog-7094013016379412586.post-19386070722095583862014-01-24T11:51:00.001-08:002014-01-25T16:53:45.521-08:00NxtMyths 4: Source Code<h2 style="text-align: justify;">
<span style="color: blue;">Why isn't Nxt open-source?</span></h2>
<div style="text-align: justify;">
Eventually, it will be. At the moment, some of the code is still private because it is still being hammered out. The development community released all of the base source code on January 3, 2014, and source code for additional features (the "secret sauce") will be released in the spring of 2014. The developers have introduced three security flaws into the source code to prevent people from creating copies of Nxt by simply taking the source code and re-using it. People who discovered the security holes claimed rewards for finding them. Two of three implemented security flaws had already been found.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
As BCNext said, anyone could join the development after the release of the source code. So Jean-Luc joined the dev team and started with refactoring the source code. Also the Klee’s crew is working on the source code reviewing.</div>
<div style="text-align: justify;">
<br /></div>
<h3 style="text-align: justify;">
<span style="color: blue;">What did experts say about Nxt’s source code and about inventor BCNext?</span></h3>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Come-from-Beyond: </b></div>
<div style="text-align: justify;">
“BCNext knew that Java binaries could be easily decompiled, everything in Nxt is made on purpose. U'll get most of the answers in the last part of BCNext's plan...”</div>
<div style="text-align: justify;">
“I noticed the same things, the code is written in back-to-90s style. The author definitely used to code in Assembler. But I wouldn't say that this is bad. U can buy "Java for dummies" book and in 3 weeks u'll be writing code full of comments like "// Now we set A to B plus C", declarations like "static final int ONE = 1;", Optional<T> from Guava that requires 3rd party libraries, methods that r called once... the list goes on. I'd rather trust to code written in assembler style. Script kiddies shouldn't write financial software.”</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Xibeijan:</b></div>
<div style="text-align: justify;">
“NXT's beauty is in the algorithms and maths that have brought forward the state-of-the-art. I seriously doubt the creator cares about keeping tidy with the code. In fact, I know quite a few genius computer scientists who produce really ugly, stupid code. However, that doesn't matter one iota when the algorithms are groundbreakingly better than anything that's come before.</div>
<div style="text-align: justify;">
Our investment is in the extremely clever people behind the NXT project. Computer science and software engineering, though related, are different things. I am glad the NXT has a computer scientist like BCNext behind it who actually has new ideas and can bring them to life, no matter how messy the code may be. New capabilities are something that has been missing from every other alt coin that has come before NXT.</div>
<div style="text-align: justify;">
As I said, some really great computer scientists do not follow great software engineering principles, but their code does things no one else's can. And that, my friend, is the point.</div>
<div style="text-align: justify;">
Bcnext is a freaking genius. I worked so hard to try to figure something out like this myself to no avail. What i proposed in my thread is a far cry from this much better solution.”</div>
<div style="text-align: justify;">
That we are not investing in source code, we are investing in the algorithms, the big ideas (BCNext) and the huge community supporting NXT.</div>
<div style="text-align: justify;">
Computer science and software engineering, though related, are different things. I am glad the NXT has a computer scientist like BCNext behind it who actually has new ideas and can bring them to life, no matter how messy the code may be. New capabilities are something that has been missing from every other alt coin that has come before NXT.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Rlh:</b></div>
<div style="text-align: justify;">
I know that this is about fees and not generating currency, but the concept of adjusting system metrics, based off daily transactional statistics is something I've looked at and thought about for a loooooong time. I think we could do the same type of thing here.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>tk808:</b></div>
<div style="text-align: justify;">
This is the real-world dude, not an algorithm found in a textbook</div>
<div style="text-align: justify;">
bitcool</div>
<div style="text-align: justify;">
You have to give the creator credit for implementing the first version bitcoin-era crytocurrency in Java. I am sure a lot of time and effort were invested in this.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>achimsmile</b></div>
<div style="text-align: justify;">
I am amazed how motivated, innovative, and intelligent (sometimes I only understand half of the tech talk in the main thread the community behind NXT is!</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>AdamaBit</b></div>
<div style="text-align: justify;">
If you'd read all of BCNext's posts (which I did) you'd see that lots of people wanted to give him more coins, and not just one at the most, which he put the cap on. But he wasn't motivated by that he just wanted to get the coin out there, he could have taken alot more of people's money, hell if I hadn't have come late to the party I would have jumped on in there and taken a punt on him. But he actually only wanted 21 BTC's so that it mirrored satoshi's 21 million BTC's! He's kinda of kooky and probably a bit of a genius (used lightly). But I liked his enthusiasm and paranoid personality. (He got a call on Skype from someone saying that they were the police and then stopped posting).</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Jl777</b>:</div>
<div style="text-align: justify;">
Source code appears to be the work of a super-genius with a strange formatting style.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Asian Prepper:</b></div>
<div style="text-align: justify;">
I can totally see the words "genius" & "masterpiece" being used to describe Satoshi but lets wait for some solid proof & evidence first before we use those words to describe BCnext. Right now we have lots of hype n "sizzle" but I dont see any solid "steak" yet to show for the Nxt hype yet. Right now, from an early adopter & Nxt investor perspective, all I see is another copy cat programmer attempting to copy satoshi's shroud of anonymity, idea of a public ledger, etc.</div>
<div style="text-align: justify;">
Being "original" is genius. Being "different" is NOT genius.</div>
<div style="text-align: justify;">
Keep in mind that Satoshi created BTC to take power away from the 1% on wall street n give it back to the 99% on Main Street while BCnext created Nxt for personal financial gains. Keep in mind that there is nothing wrong with doing some thing for personal financial gains but I would hesitate to compare or place an unproven coder on the genius level of Satoshi.</div>
<div style="text-align: justify;">
I invested in Nxt because it was the first copy cat coin to make an attempt to come up with its own source code instead of being lazy n copying Satoshi's code. Is it possible that BCnext is another genius like Satoshi? Of course its possible... I hope BCnext is able to produce the code that he claims n provide proof of his genius. .. Until there is proof... BCnext is just another wanna be copy cat... once proof is clearly available. .. I will be the first to promote the genius of BCnext's.</div>
<div style="text-align: justify;">
<br /></div>
<div style="text-align: justify;">
<b>Utopianfuture</b>:</div>
<div style="text-align: justify;">
It takes a historical perspective to know what kind of contributions BCNext would make so I agree that at this point over-hype is premature. But in my personal observations, he has shown some signs of a genius in the making in some levels. There are technical innovations such as POS, transparent forging, however what I see the most valuable in his works is a coherent vision of what a decentralized network could be. It's similar to the way Steve Job designs the first Iphone. There are technical improvements compared to earlier smartphones in the first Iphone, but much more important innovation is the way everything is brought together to define what a smartphone should be. NXT decentralized network could be the same. It will succeed not on a specific feature but on the way all the different features are bought together in a coherent framework; plus all that hi-techs are accompanied with strong message of decentralization and community involvement. That the whole package together imho is the novel contribution. </div>
<div style="text-align: justify;">
Satoshi has paved the way with his blockchain original idea. But without a written evidences, I doubt Satoshi has such a strong vision of how a decentralized network based on blockchain technology could be. So in a sense, BCNext extends Satoshi's original idea.</div>
<div style="text-align: justify;">
We still need to wait for the actual implementation of NXT decentralized network and there are still much uncertainty ahead. But the only reason I has devoted so much my time to this venture is because I has a conviction in my above judgement. I believe in NXT success and the validation of BCNext's ideas.</div>
<div>
<div style="text-align: justify;">
<br /></div>
</div>
Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com0tag:blogger.com,1999:blog-7094013016379412586.post-16158479747790671372014-01-17T21:19:00.002-08:002014-01-18T17:34:37.285-08:00Nxt Myths 2: The unfair distribution of Nxt<b>Q: <i>„Do
you think the unequal distribution of bitcoin / big gains of early adopters / will
be a deterrent in a more widespread adoption of bitcoins?“</i></b><o:p></o:p>
<br />
<div class="MsoNormal">
<span lang="EN-US">A:<i> „No. Early adopters get bigger gains (as
they should) because they take on bigger risk. A bitcoin can be divided
into 100 million pieces, so I don't see divisibility or distribution as a
problem.“<o:p></o:p></i></span></div>
<div align="right" class="MsoListParagraph" style="text-align: right;">
<i><span lang="EN-US">Cameron Winklevoss<o:p></o:p></span></i></div>
<div class="MsoNormal">
<b><span lang="EN-US">The distribution of Nxt has many phases:<o:p></o:p></span></b></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo2; text-indent: -18.0pt;">
<br />
<ul>
<li><span lang="EN-US" style="text-indent: -18pt;"><span style="font-size: 7pt;"> </span></span><span lang="EN-US" style="text-indent: -18pt;">Original
IPO (1 NXT = 2 Satoshi)</span></li>
<li><span lang="EN-US" style="text-indent: -18pt;"><span style="font-size: 7pt;"> </span></span><span lang="EN-US" style="text-indent: -18pt;">First
week (1 NXT = 100 Satoshi)</span></li>
<li><span lang="EN-US" style="text-indent: -18pt;"><span style="font-size: 7pt;"> </span></span><span lang="EN-US" style="text-indent: -18pt;">Second
week (1 NXT = 400-2000 Satoshi) - first exchange</span></li>
<li><span lang="EN-US" style="text-indent: -18pt;"><span style="font-size: 7pt;"> </span></span><span lang="EN-US" style="text-indent: -18pt;">Next
month (1 NXT = 3000-6000 Satoshi) - aliases</span></li>
<li><span lang="EN-US" style="text-indent: -18pt;"><span style="font-size: 7pt;"> </span></span><span lang="EN-US" style="text-indent: -18pt;">February
(?) – distributed exchanges, stock exchanges (?)</span></li>
<li><span lang="EN-US" style="text-indent: -18pt;"><span style="font-size: 7pt;"> </span></span><span lang="EN-US" style="text-indent: -18pt;">March
(?) – transparent forging (?)</span></li>
<li><span lang="EN-US" style="text-indent: -18pt;"><span style="font-size: 7pt;"> </span></span><span lang="EN-US" style="text-indent: -18pt;">April
(?) – colored coins (?)</span></li>
<ul><br /></ul>
</ul>
<h4>
<ul>
The distribution of NXT is very fair because it still continues. Now it isn’t in hand of one man, but it is a community effort. BCNext gave us a long time to get on the train. </ul>
</h4>
<h3>
<ul><span style="color: blue;">If all coins are in existence already, doesn't this make the original holders of Nxt very wealthy? </span></ul>
</h3>
<ul> Potentially. The original stakeholders of Nxt all made an investment of Bitcoin to seed their holdings, however, with no promise of any kind of success or return on investment.[1] In order to get more users they started to sell their stakes in undervalued prices and also they spent tenths of millions on bounties or giveaways. And BTW – who are original stakeholders? These who paid 2 Satoshi? Or 100? Or 400? </ul>
<ul><div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 21.3pt;">
<b><span lang="EN-US">Q: How would you solve problem with scam
accusations according to "unfair" distribution Nxt to 73 big
stakeholders?<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-align: justify; text-indent: 21.3pt;">
<span lang="EN-US">BCNext: “This problem can not be solved. Even if we had a million stakeholders the
rest seven billion people would call this unfair. A world with the money can not be perfect.”</span><span class="MsoSubtleEmphasis"><span lang="EN-US" style="font-size: 12pt;"><o:p></o:p></span></span></div>
<h2>
<span lang="EN-US">Why was the launch of Nxt
speeded?<o:p></o:p></span></h2>
<div class="MsoNormal" style="text-align: justify; text-indent: 21.3pt;">
<span lang="EN-US">Come-from-Beyond:<i> „BCNext explained why he speeded up the
launch. He wants the stake holders to make all important decisions“.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn1" name="_ftnref1" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><b><span lang="EN-US" style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[1]</span></b></span><!--[endif]--></span></a>
<o:p></o:p></i></span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: 21.3pt;">
<span lang="EN-US">BCNext: <i>“I wanted Nxt to be launched by the community, not by a single
person. Success of Nxt is supposed to be
achieved by work of a LOT of PEOPLE.”<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn2" name="_ftnref2" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><b><span lang="EN-US" style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[2]</span></b></span><!--[endif]--></span></a></i><o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: 21.3pt;">
<span lang="EN-US">Let’s think for a while. When did
Nxt really launch? Was it really in the day when the Billion NXT was
transferred from the Genesis account to the original stakeholders? The IPO had
been running for weeks in November 2013. In first days NXT cost 100 Satoshi. In
first weeks of the December the price of Nxt was still about 400 Satoshi. Then
1500, 2000, 4000 before Christmas and if we don’t count the first bubble, we
came back to the original 4000 in the middle of the January. But still – we have
really bad client. Nxt is not yet traded in any of the big exchanges. There are
many features – already programmed and tested – but they still weren’t
implemented why? <o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: justify; text-indent: 21.3pt;">
<span lang="EN-US">Because we are still in a Beta. The
launch wasn’t in November 24, it wasn’t in January 3, it will be in
February/April. We all - 15.000 Nxt users - are beta original stakeholders. The
distribution of NXT is extremely fair. The IPO still continues. We haven't
launched yet. We can forget about some 73 stakeholders... Now everyone has an
opportunity to jump on the train... and also to drive him! Why Nxt doesn’t use
all features now? Because CBNext’s plan is to bring as many as possible users
before the real Nxt will be released. Then we will have – more users, more
features, all source code, but most important – this launch will be leaded by
all Nxt community. This will be made by decisions of stakeholders. The success
of Nxt is now supposed to be achieved by Nxt community, not BCNext.<o:p></o:p></span></div>
<h2>
<span lang="EN-US">What happened with the 21
Bitcoins?<o:p></o:p></span></h2>
<div class="MsoNormal" style="text-indent: 21.3pt;">
<span lang="EN-US">Bitcoins were required to determine how to
split the stake among founders. That's why BCNext asked for tiny amounts. These
bitcoins were used to fund development but they covered only part of expenses.
When people talk about Nxt IPO they forget about this important detail.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn3" name="_ftnref3" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[3]</span></span><!--[endif]--></span></a></span><span lang="EN-US"> </span><span lang="EN-US">21 Bitcoins
were used as a token amount. They didn’t represent any real world development
costs.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn4" name="_ftnref4" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[4]</span></span><!--[endif]--></span></a><o:p></o:p></span></div>
<div>
<!--[if !supportFootnotes]--><br clear="all" />
<hr align="left" size="1" width="33%" />
<!--[endif]-->
<div id="ftn1">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref1" name="_ftn1" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[1]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=303898.msg3668246#msg3668246">https://bitcointalk.org/index.php?topic=303898.msg3668246#msg3668246</a>.<o:p></o:p></div>
</div>
<div id="ftn2">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref2" name="_ftn2" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[2]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=345619.msg4383169#msg4383169">https://bitcointalk.org/index.php?topic=345619.msg4383169#msg4383169</a>.
<o:p></o:p></div>
</div>
<div id="ftn3">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref3" name="_ftn3" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[3]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=345619.msg4571183#msg4571183">https://bitcointalk.org/index.php?topic=345619.msg4571183#msg4571183</a>.
<o:p></o:p></div>
</div>
<div id="ftn4">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref4" name="_ftn4" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[4]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=345619.msg4571281#msg4571281">https://bitcointalk.org/index.php?topic=345619.msg4571281#msg4571281</a>. <o:p></o:p></div>
</div>
</div>
</ul>
<ul><span style="text-indent: 28.399999618530273px;">How is NXT
distributed?</span><span style="text-indent: 28.399999618530273px;"><ul><span style="text-indent: 28.399999618530273px;"><br /></span></ul>
</span></ul>
<div style="text-indent: 28.399999618530273px;">
<div class="MsoNormal">
<span lang="EN-US">28.9% is
owned by 0.07%<br />
21.5% is owned by 0.14% : 2x<br />
24.8% is owned by 0.55% : 7.9x<br />
20.7% is owned by 99.76% : 1425x<o:p></o:p></span></div>
<div class="MsoNormal">
<span lang="EN-US">vs: Bitcoin<o:p></o:p></span></div>
<span lang="EN-US" style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">28.9%: 0.005%<br />
21.5%: 0.087% : 17.4x<br />
24.8%: 0.98% : 196x<br />
20.7%: 98.928% : 19786x</span></div>
</div>
Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com4tag:blogger.com,1999:blog-7094013016379412586.post-56429006807943971722014-01-16T18:47:00.001-08:002014-01-17T15:31:22.951-08:00NxtMyths 1. Nxt is not a scam, it wasn’t created by anonymous developers<div class="WordSection1">
<h2>
<ul>
<li><span style="font-size: small;">Nxt was invented by
anonymous programmer. </span></li>
<li><span style="font-size: small;">Nxt’s source code is being reviewed by known developers. </span></li>
<li><span style="font-size: small;">New code implementations will be approved by democratic voting.</span></li>
</ul>
</h2>
<div class="MsoNormal" style="text-align: justify;">
<div style="margin: 0cm 0cm 0.0001pt;">
<div style="margin: 0cm 0cm 0.0001pt;">
<span lang="EN-US" style="font-family: Calibri, sans-serif; font-size: 11pt;">Nxt was invented by BCNext, who is a programmer at the
age of 35+, who lives in Europe.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn1" name="_ftnref1" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[1]</span></span><!--[endif]--></span></a>
He is a veteran member of Bitcointalk forum, but he stays anonymous like
Satoshi Nakamoto.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn2" name="_ftnref2" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[2]</span></span><!--[endif]--></span></a> He can still reveal his
identity, as he promised.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn3" name="_ftnref3" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[3]</span></span><!--[endif]--></span></a>
BCNext prefers to work on creating the project alone. He paid a team of core
developers to help him with the client and create some functionalities like
decentralized exchanges. One member of the core development team
Come-from-Beyond was paid by BCNext to work on Nxt from October 2013 till April
2014.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn4" name="_ftnref4" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[4]</span></span><!--[endif]--></span></a>
Come-from-Beyond is a 34 years old programmer from Minsk in Belarus.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn5" name="_ftnref5" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[5]</span></span><!--[endif]--></span></a>
<o:p></o:p></span></div>
<div style="margin: 0cm 0cm 0.0001pt; text-indent: 21.3pt;">
<span lang="EN-US" style="font-family: Calibri, sans-serif; font-size: 11pt;">On January 2014 joined Jean-Luc a core team as a
non-paid programmer.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn6" name="_ftnref6" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[6]</span></span><!--[endif]--></span></a>
He has a Phd, probably comes from Switzerland (or France) and already
celebrated his 30<sup>th</sup><span class="apple-converted-space"> </span>birthday.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn7" name="_ftnref7" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[7]</span></span><!--[endif]--></span></a>
Jean-Luc’s duty is to work on the code. Jean owns nice amount of NXT, that's
why he is programming for free, for the benefit of his own investment. BCNext
was only an inventor, others will continue on his legacy and rewrite his ideas
into a better looking Java codes. <o:p></o:p></span></div>
<div style="margin: 0cm 0cm 0.0001pt; text-indent: 21.3pt;">
<span lang="EN-US" style="font-family: Calibri, sans-serif; font-size: 11pt;">After the release of the source code started many developers
with code corrections. A few Greek IT experts from Thessaloniki and Athens are
being paid for reviewing the code by the original stakeholder Klee who is
managing them.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn8" name="_ftnref8" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[8]</span></span><!--[endif]--></span></a> Klee spent a huge part of
his Nxt on donations, bounties and giveaways.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn9" name="_ftnref9" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[9]</span></span><!--[endif]--></span></a>
He doesn’t hide his real identity, so he is moderating Facebook group
Ubiquitous Cryptocurrencies under his real name.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn10" name="_ftnref10" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[10]</span></span><!--[endif]--></span></a>
The names of his team were also revealed. There were only 8 original
stakeholders who paid 1 Bitcoin during open IPO.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn11" name="_ftnref11" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[11]</span></span><!--[endif]--></span></a>
Each of them got 50 million NXT, Klee is one of them. In January 2014 only 4 of
these 8 original stakeholders own more than 30 million NXT.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn12" name="_ftnref12" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;"><u1:p></u1:p>[12]</span></span><!--[endif]--></span></a></span><span style="font-family: Calibri, sans-serif; font-size: 11pt;"><o:p></o:p></span></div>
<div style="margin: 0cm 0cm 0.0001pt; text-indent: 21.3pt;">
<span lang="EN-US" style="font-family: Calibri, sans-serif; font-size: 11pt;">There are at least seven developers who are working on
the Nxt’s applications fulltime: Abuelau, ferment, nexern, NxtChg and Graviton
with his assistant, who helps him with the biggest Nxt exchange. This list
isn't finite, there are many new Nxt developers, like Marcus03 or wesleyh with
their fantastic apps. There are tenths of helpers, translators, authors of
articles, but people who said that they “work” for Nxt fulltime or at least
halftime are: Joefox, Opticalcarrier, Pinarello and Salsacz.</span><span style="font-family: Calibri, sans-serif; font-size: 11pt;"><o:p></o:p></span></div>
<div style="margin: 0cm 0cm 0.0001pt; text-indent: 21.3pt;">
<span lang="EN-US" style="font-family: Calibri, sans-serif; font-size: 11pt;">500 different people had already been discussing at
the main Nxt thread in Bitcointalk.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn13" name="_ftnref13" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[13]</span></span><!--[endif]--></span></a>
Once there were 93 active nicks in last 3 days. In the middle of January they
reached 20.000 posts at the page of 1000. The statistic from the end of 2013
shows the biggest spammers of the Bitcointalk topic: Come-from-Beyond (2005),
laowai80 (460), klee (324), smaragda (304) and opticalcarrier (211). 15.000
people own Nxt account, this number rises by 200-400 every day.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn14" name="_ftnref14" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[14]</span></span><!--[endif]--></span></a>
500 users own more than 100.000 NXT, 2.000 stakeholders own more than 1000
NXT.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn15" name="_ftnref15" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS; mso-hansi-theme-font: minor-latin;">[15]</span></span><!--[endif]--></span></a></span><span style="font-family: Calibri, sans-serif; font-size: 11pt;"><o:p></o:p></span></div>
<div class="MsoNormal" style="text-indent: 21.3pt;">
<span lang="EN-US">Nxt network of peers
has got members from all over the world. Most people come from the United
States, but there is also a big community in Germany, Hong Kong, Russia, United
Kingdom, Japan and Netherlands. There is one user from Iceland, Jamaica,
Panama, Ethiopia or Israel.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn16" name="_ftnref16" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[16]</span></span><!--[endif]--></span></a>
Some of the Nxt Wiki pages have already been translated into 11 languages.<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn17" name="_ftnref17" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span lang="EN-US" style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[17]</span></span><!--[endif]--></span></a><o:p></o:p></span></div>
<div class="MsoNormal" style="text-indent: 21.3pt;">
<span lang="EN-US">Nxt is still a small
group of individuals who have no centralized place. Nxt is a decentralized
currency, that’s why there are more Nxt forums, exchanges, sites, social media
profiles and also marketing groups. There will never be any main leader. All
decisions in Nxt will be based on democratic voting.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-indent: 21.3pt;">
<b><span lang="EN-US"><br /></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-indent: 21.3pt;">
<b><span lang="EN-US">Questions for BCNext:<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-indent: 21.3pt;">
<span lang="EN-US">January 2014:<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-indent: 21.3pt;">
<b><span lang="EN-US">Q: Why was the initial funding cancelled
suddenly with few people?<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-indent: 21.3pt;">
<span lang="EN-US">A: I
wanted Nxt to be launched by the community, not by a single person. Success of Nxt is supposed to be achieved by
work of a LOT of PEOPLE.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-indent: 21.3pt;">
<b><span lang="EN-US">Q: How would you solve problem with scam
accusations according to "unfair" distribution Nxt to 73 big
stakeholders?<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-indent: 21.3pt;">
<span lang="EN-US">A: This
problem can not be solved. Even if we
had a million stakeholders the rest seven billion people would call this
unfair. A world with the money can not
be perfect.<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-indent: 21.3pt;">
<b><span lang="EN-US">Q: What are the most important 5 things the
community should do, in order to properly support Nxt in the next 6 months?<o:p></o:p></span></b></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-indent: 21.3pt;">
<span lang="EN-US">A:
Review all my ideas, they might be flawed. Avoid centralization. Do not pay much attention to the price of 1
NXT measured in fiat money. Remember
that half-measures is a way to nowhere.
Do not trust strangers on the Internet, especially if their nickname is
"BCNext".<o:p></o:p></span></div>
<div class="MsoNormal" style="margin-bottom: 0.0001pt; text-indent: 21.3pt;">
<br /></div>
<div class="MsoNormal" style="text-indent: 21.3pt;">
<span lang="EN-US">November 2013:<o:p></o:p></span></div>
<div class="MsoNormal" style="text-indent: 21.3pt;">
<b><span lang="EN-US">Q: how many bitcoins are you going to contribute? (are you going to keep
the coins you contributed yourself? or
you will take a creator cut (certain %)</span></b><span lang="EN-US"><o:p></o:p></span></div>
<div class="MsoNormal" style="text-indent: 21.3pt;">
<span lang="EN-US">A: I don't know how much I will
contribute. This depends on the price of
Bitcoin and some other factors. These
bitcoins, like the others, will be used to pay bounties for development. No creator cut. <o:p></o:p></span></div>
<div class="MsoNormal" style="text-indent: 21.3pt;">
<b><span lang="EN-US">BCNext’s citations:<o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<i><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">A lot of time was spent on talking, the outcome did not satisfied
me. That is why now I am working alone. The things are implemented
much faster this way.</span></i><a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn18" name="_ftnref18" title=""><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-size: 11pt; line-height: 115%;">[18]</span></span><!--[endif]--></span></span></a><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">What others said about BCNext:<o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Come-from-Beyond:<o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<i><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> „I don't think BCNext is
interested in money. He spent more than he raised funds.“</span></i><a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn19" name="_ftnref19" title=""><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-size: 11pt; line-height: 115%;">[19]</span></span><!--[endif]--></span></span></a><i><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><o:p></o:p></span></i></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<i><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">„With all my respect to BCNext, he is too paranoic about
FBI/aliens/illuminati, they r not interested in kidnapping of yet-another-cryptocoin
creator. I believe that was (unsuccessful) PR attempt. Fortunatelly, we don't
need him after the launch.“</span></i><a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftn20" name="_ftnref20" title=""><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-size: 11pt; line-height: 115%;">[20]</span></span><!--[endif]--></span></span></a><i><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><o:p></o:p></span></i></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">What is BCNext? <o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Next is next. <o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Salsa also thinks that <b>„BC“</b> comes from the Proof of Stake
article and referrs to <b><i>„Beyond Cryptocurrency“.<o:p></o:p></i></b></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">What else do we know about BCNext?<o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">He often uses special phrase „</span><span lang="EN-US" style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ansi-language: EN-US; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">can not”. He is a genius who doesn’t care about money or glory.</span><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"><o:p></o:p></span></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<br /></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">BCNexts likes symbols:<o:p></o:p></span></b></div>
<div style="margin-bottom: .0001pt; margin: 0cm; text-indent: 21.3pt;">
<span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Now we know about 3 symbolic
numbers hidden in the world of Nxt:<o:p></o:p></span></div>
<div style="margin-left: 36.0pt; mso-list: l0 level1 lfo1; text-indent: 21.3pt;">
<!--[if !supportLists]--><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri;">-<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><!--[endif]--><b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">3 January</span></b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> – the release of Nxt happened 5 years after the release of
Bitcoin.<o:p></o:p></span></div>
<div style="margin-left: 36.0pt; mso-list: l0 level1 lfo1; text-indent: 21.3pt;">
<!--[if !supportLists]--><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri;">-<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><!--[endif]--><b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">21 Bitcoins</span></b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> – The IPO was stopped in the time when were gathered 21 Bitcoins,
i tis 1/1000.000 of the all existing Bitcoins from now on.<o:p></o:p></span></div>
<div style="margin-left: 36.0pt; mso-list: l0 level1 lfo1; text-indent: 21.3pt;">
<!--[if !supportLists]--><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-bidi-font-family: Calibri; mso-fareast-font-family: Calibri;">-<span style="font-family: 'Times New Roman'; font-size: 7pt;"> </span></span><!--[endif]--><b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">Anonymous BCNext</span></b><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; mso-ascii-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;"> – BCNext plays the same role as Satoshi Nakamoto. We don’t know
who they are.<o:p></o:p></span></div>
<u1:p></u1:p>
<br />
<div>
<!--[if !supportFootnotes]--><br clear="all" />
<hr align="left" size="1" width="33%" />
<!--[endif]-->
<div id="ftn1">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref1" name="_ftn1" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[1]</span></span><!--[endif]--></span></a> This
guess is based on assembler style in the code (Come-from-Beyond: „I noticed the
same things, the code is written in back-to-90s style. The author definitely
used to code in Assembler. <a href="http://www.reddit.com/r/nxtcoin/comments/1toz2d/warning_nxt_source_code_is_very_low_quality/ceafrr3">http://www.reddit.com/r/nxtcoin/comments/1toz2d/warning_nxt_source_code_is_very_low_quality/ceafrr3</a>)
and the statistics of the posts of BCNext: <a href="https://bitcointalk.org/index.php?action=profile;u=152600;sa=statPanel">https://bitcointalk.org/index.php?action=profile;u=152600;sa=statPanel</a>.
<o:p></o:p></div>
</div>
<div id="ftn2">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref2" name="_ftn2" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[2]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=303898.msg3253022#msg3253022">https://bitcointalk.org/index.php?topic=303898.msg3253022#msg3253022</a>.<o:p></o:p></div>
</div>
<div id="ftn3">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref3" name="_ftn3" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[3]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=303898.msg3253022#msg3253022">https://bitcointalk.org/index.php?topic=303898.msg3253022#msg3253022</a>.<o:p></o:p></div>
</div>
<div id="ftn4">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref4" name="_ftn4" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[4]</span></span><!--[endif]--></span></a>„I'm that
guy who is developing the client, so I will publish updates until BCNext is
back. If I disappear one of the 2 remaining guys will continue the work until
Nxt is released as planned.“ <a href="https://bitcointalk.org/index.php?topic=303898.msg3520138#msg3520138">https://bitcointalk.org/index.php?topic=303898.msg3520138#msg3520138</a>
„One of my employe is developing Nxt client.“ <a href="https://bitcointalk.org/index.php?topic=303898.msg3580883#msg3580883">https://bitcointalk.org/index.php?topic=303898.msg3580883#msg3580883</a>.<o:p></o:p></div>
</div>
<div id="ftn5">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref5" name="_ftn5" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[5]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=113906.msg1230551#msg1230551">https://bitcointalk.org/index.php?topic=113906.msg1230551#msg1230551</a>.
On the Chess site he also filled a Birthday, but since i tis January 1, it is
probably fake due to the quick registration process <a href="http://www.chess.com/members/view/Come-from-Beyond">http://www.chess.com/members/view/Come-from-Beyond</a>.
<o:p></o:p></div>
</div>
<div id="ftn6">
<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref6" name="_ftn6" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[6]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=345619.msg4207821#msg4207821">https://bitcointalk.org/index.php?topic=345619.msg4207821#msg4207821</a>.<o:p></o:p></div>
</div>
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<div class="MsoFootnoteText">
<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref7" name="_ftn7" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[7]</span></span><!--[endif]--></span></a> Some people
say Jean-Luc uses french accent in his english, someone saw a new client in the
peer list from the Switzerland, he used a CET in his signature. CET referrs to
the timezone in the central Europe – from Spain to Slovakia. He also used a
russian email, but they don’t use CET in Russia or Belarus.The information
about Phd and age got author of this text by personal message from Jean-Luc.<o:p></o:p></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref8" name="_ftn8" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[8]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=345619.msg4308736#msg4308736">https://bitcointalk.org/index.php?topic=345619.msg4308736#msg4308736</a>.<o:p></o:p></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref9" name="_ftn9" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[9]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=347927.0">https://bitcointalk.org/index.php?topic=347927.0</a>.
<o:p></o:p></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref10" name="_ftn10" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[10]</span></span><!--[endif]--></span></a> <a href="https://www.facebook.com/groups/UbiCrypt/?fref=ts">https://www.facebook.com/groups/UbiCrypt/?fref=ts</a>.
<o:p></o:p></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref11" name="_ftn11" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[11]</span></span><!--[endif]--></span></a> The
list of original stakeholders is hardcoded to the sourcecode. More in the
chapter 3 or: Salsacz, <i>Where is Nxt from
Original Stakeholders?</i>, in: <a href="http://nxtcoin.blogspot.cz/2014/01/where-is-nxt-from-original-stakeholders.html">http://nxtcoin.blogspot.cz/2014/01/where-is-nxt-from-original-stakeholders.html</a>.
<o:p></o:p></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref12" name="_ftn12" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[12]</span></span><!--[endif]--></span></a> Ibidem.<o:p></o:p></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref13" name="_ftn13" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[13]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=345619.msg4200359#msg4200359">https://bitcointalk.org/index.php?topic=345619.msg4200359#msg4200359</a>.
The statistics from the next lines are based on this citation created by newcn.<o:p></o:p></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref14" name="_ftn14" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[14]</span></span><!--[endif]--></span></a> <a href="http://87.230.14.1/nxt/nxt.cgi?action=40&sub=7">http://87.230.14.1/nxt/nxt.cgi?action=40&sub=7</a>.<o:p></o:p></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref15" name="_ftn15" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[15]</span></span><!--[endif]--></span></a>
Originally based on the numbers from marcus03’s client <a href="https://bitcointalk.org/index.php?topic=414965.msg4508988#msg4508988">https://bitcointalk.org/index.php?topic=414965.msg4508988#msg4508988</a>.<o:p></o:p></div>
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<div id="ftn16">
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref16" name="_ftn16" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 11.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[16]</span></span><!--[endif]--></span></a>
<span lang="EN-US">Bulgaria(1), Canada(2),
China(2), Czech Republic(4), France(6), Germany(22), Hong Kong(20), Hungary(1),
Iceland(1), Israel(1), Japan(12), Latvia(1), Lithuania(3), Luxembourg(1),
Netherlands(7), Norway(3), Poland(1), Russia(21), Slovak Republic(1),
Slovenia(1), Spain(2), Switzerland(2), Ukraine(5), United Kingdom(18), United
States(177),</span><span lang="EN-US"> </span><span lang="EN-US"><a href="http://peerexplorer.com/">http://peerexplorer.com/</a>. </span><span lang="DE">Map: </span><span lang="EN-US"><a href="https://mapsengine.google.com/map/u/0/edit?mid=zDbwNrja6dlY.kwTCMrAWqtAQ"><span lang="DE">https://mapsengine.google.com/map/u/0/edit?mid=zDbwNrja6dlY.kwTCMrAWqtAQ</span></a></span><span lang="DE"><o:p></o:p></span></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref17" name="_ftn17" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[17]</span></span><!--[endif]--></span></a> <a href="http://wiki.nxtcrypto.org/">http://wiki.nxtcrypto.org/</a>. <o:p></o:p></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref18" name="_ftn18" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Times New Roman","serif"; font-size: 12.0pt; line-height: 115%; mso-ansi-language: CS; mso-bidi-language: AR-SA; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: CS;">[18]</span></span><!--[endif]--></span></a>
<span style="color: #595959; font-family: "Calibri","sans-serif"; font-size: 9.0pt;"><a href="https://109.201.133.195/index.php?topic=303898.360">https://109.201.133.195/index.php?topic=303898.360</a></span> </div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref19" name="_ftn19" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[19]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=303898.msg3713625#msg3713625">https://bitcointalk.org/index.php?topic=303898.msg3713625#msg3713625</a>.<o:p></o:p></div>
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<a href="file:///C:/Users/Acer/Documents/Nxt%20Myths.docx#_ftnref20" name="_ftn20" title=""><span class="MsoFootnoteReference"><!--[if !supportFootnotes]--><span class="MsoFootnoteReference"><span style="font-family: "Calibri","sans-serif"; font-size: 10.0pt; line-height: 115%; mso-ansi-language: CS; mso-ascii-theme-font: minor-latin; mso-bidi-font-family: "Times New Roman"; mso-bidi-language: AR-SA; mso-bidi-theme-font: minor-bidi; mso-fareast-font-family: Calibri; mso-fareast-language: EN-US; mso-fareast-theme-font: minor-latin; mso-hansi-theme-font: minor-latin;">[20]</span></span><!--[endif]--></span></a> <a href="https://bitcointalk.org/index.php?topic=303898.msg3649290#msg3649290">https://bitcointalk.org/index.php?topic=303898.msg3649290#msg3649290</a>.<o:p></o:p></div>
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Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com3tag:blogger.com,1999:blog-7094013016379412586.post-70924175189889569612014-01-16T08:46:00.003-08:002014-01-16T08:46:27.636-08:00How Nxt changed our Lives 1) Neonemu and his dogI am here, hoping to share my success story from NXT. I’m hoping it might inspire some people, and I hope it might help bring the community closer together; even boost the morale some.<br />
<br />
- Thank you people.<br />
<br />
<i>Firstly I would like to thank ByBitCoin –without whom, none of this would have been possible. Thank you for the opportunity to buy in so early.</i><br />
<i>Secondly, I would like to thank C-F-B, and BCNext for obvious reasons.</i><br />
<i>Thirdly, I would like to thank GCInc. While some people do not appreciate his services, I am very much in his debt. It’s because of his services, time, and his risk, that I was able to even share the following story.</i><br />
<i>Lastly, I would like to thank those that purchased the NXT from me from Dgex. I am so thankful, both that you were able to also buy in at cheaper prices, and that I was able to shuffle some of the early wealth around.</i><br />
<br />
<b>Invest, wait, ? , profit.</b><br />
<br />
So what is this story that I have to share? I would like to tell you about my dog Charlie. I met Charlie 4 years ago when he was a baby pup. Since that time Charlie and I have only been apart for two days. We used to go swimming and running (and walking) in the summer, and hiking in the spring, winter, and fall. Needless to say, Charlie is and has been my best friend.<br />
In July, Charlie was attacked by a pitt bull while we were walking through our neighborhood. Charlie’s neck was torn open and thankfully, the dog didn’t get his jugular. Charlie lived, the owner paid for the initial bills. However, a few weeks later my dog started to have a limp. I took him to the Veterinarian, over, and over, during the next few months and his limp didn’t improve—it kept getting worse. I spent over $1,500 to eventually get the diagnosis that, “Charlie has to see a specialist, I suspect he tore his cruciate ligament.” <br />
<br />
(This is Charlie as a puppy).<br />
<a href="http://imgur.com/6jabxnI">http://imgur.com/6jabxnI</a><br />
<a href="http://imgur.com/CH6ZVH6">http://imgur.com/CH6ZVH6</a><br />
<br />
To me, this is a HUGE amount of money so far. I work IT for roughly $15 an hour. It’s full time, but I don’t get benefits, and honestly between student loans, my apartment, and Charlie, I eat Ramen most days of the week. I was thankful enough to have scrounged up 1BTC in the past year through LiteCoin mining. <br />
<br />
Back to the story! So, I took Charlie to a specialist and was told that his left knee definitely had a torn cruciate ligament. The surgery was expensive, roughly $2290, and Charlie would never be at 100% again. The best I could hope for is 90% mobility. Sadly, he can never fetch a tennis ball again, according to the Veterinarian. I would like to say that was the ‘kicker,’ but, honestly, the worst part is that he has a 25-50% chance of his other knee going.<br />
<br />
(Here's Charlie all grown up)!<br />
<a href="http://imgur.com/AQdjrGU">http://imgur.com/AQdjrGU</a><br />
<a href="http://imgur.com/eAhNVSQ">http://imgur.com/eAhNVSQ</a><br />
<br />
So how does this involve NXT you ask? Well, I was lucky enough to catch some of the very early NXT sales from the founders. I was able to take my 1.xxx BTC and buy 1,600,000NXT. I asked for 1.5M and ByBitCoin was so kind as to give me an extra 100K. This all happened well before the dreaded specialist visit. By the time that I got the news and had to schedule the appointment, I had to come up with that money ASAP. After talking to my local tax professional and figuring out how much I had to set aside for capital gains taxes. I transferred about 400K NXT to dgex over the next few weeks. I was able to sell my NXT (though not at the price I would have liked), and was able to cash out my BTC. GCInc. Was spectacular during this time—he was responsive to all my messages and was able to kindly help me get my money in and out within a very fast amount of time. So there I was, a few hundred thousand NXT lighter, my dreams of paying off my student loans gone, but my dog had the money for his surgery. <br />
<br />
Yesterday came, Charlie had TTA his surgery, and was home today by 5pm. He’s a bit doped up, and he’s in pain, but it’s hopeful that he will recover well.<br />
<br />
(Charlie Post-Op).<br />
http://imgur.com/dHWFeQv<br />
<br />
Thank you to everyone for supporting this community. It has helped me keep my best friend in the best health I can keep him in. And I suppose, what I would really like to say, and what I really mean by this is that for some... NXT isn't just about making money, it isn't about revolutionizing how things are. To some of us, NXT is a dream, or a hope, to be able to take care of those closest to us. To be able to support those things that matter most to us.<br />
<br />Sarthhttp://www.blogger.com/profile/05066457650133233763noreply@blogger.com4