such generosity in NXT forging



3000 NXT month, here I come

This pool has 30 million nxt forging: http://pool.nxtcrypto.org/howto.html

The ARDR tokens will be tradeable soon after 12 October. Maybe some people don't buy NXT now to get 'free' ARDR (and maybe dump their NXT), but will buy ARDR at market prices without buying NXT now.

You are quite right, I believe, regarding price/barometer. But you forget the most important and the determining factor in NXT, since practically the very beginning: The fat wallets owners have one (logical) purpose. One only: To cash in on their holdings as fast (but orderly) as possible. Wouldn't you? They own many millions, tens of millions of it. And they won't be wealthy until they sell, at a decent price, most of their holdings. So the selling pressure is absolutely constant. At any price. And, logically, sucks up every wave of buying. The market doesn't allow for more of what has happened in the last few weeks (much bigger fish to catch) and therefore the price will continue going down... all the way to where it was before the Ardor announcement. No one of the small fish is selling (they are all accumulating ARDR), but the fat wallets are selling as much as they can and as quickly as they can. Like I said, they do it in an orderly fashion to keep the price from nosediving, but the selling is relentless. That was before ARDR and continues now that the influx from current holders have subside. That's how NXT "works".

As for Ardor itself, I have been trying to understand what it is and I believe I have it, finally. It's just a relative small advance in the same already existent technology. I guess what I was hoping for was some kind of actual REAL WORLD use of it. There's none. It isn't a technology that is going to be used by any real company. Any bank. Any retailer. Any exchange. Any country. It is a technology that will be used -as it is already- in the "Asset exchange", which is basically trading between a minimal group of people "assets" of no value or relevance in the real world. Or by chimeric "customers", such as NAUT or the Democracy thing that no country will ever use in the real world. So, again, it is something sold only to the exact same of convinced people with the exact same amount of resources but that is no closer to any mainstream use than it was two and a half years ago. Oh, and yes, the blockchain technology is being pushed in the real world, but it is being pushed (studied, experimented with...) by big REAL companies that will eventually come up with ready-to-implement solutions that will be sold to all the big companies (REAL ones) that are going to implement it.

As for the idea of decentralization... well, let's just say it is never, ever going to happen in the real world. Ever. And for good, evident reasons.

So now I finally understand that all the speak here -and in other boards- is directed at the "cult", not at the real world. But isn't it fun?

When will documentation  on Ardor's API come out?


Also has there been any word on the cost ( in Ardor ) to start a chain  or what the cost ( in Ardor ) would be for child chains   to be attached to the main chain  ( i assume this will be a daily maintenance fee )  but if not   how would this work?

Ardor's key achievement is the ability to have your own blockchain in a easy to fabricate fashion.   Currently to make your own chain, you have dive into code , manually change parameters and add any additional feature that you might want,  ensure that feature is secure and works as intended , compile the code,  run your own chains,   ally with enough people who you hope won't screw you over in the low node/mining power phase of the development of your chain.  and the list goes on and on.  

As for real world uses:    Here is one off the top of my head:    Think of a block chain based Udemy,   classes and books are stored in encrypted files on the data cloud.   Only those that paid for access to the file can access it  ( read only ),  ardor secures the system preventing double spend.   In the current solution the bad actor only needs to attack the central servers controlled by udemy  ( for access to all )  or a specific user ( for access to what they have access to ).   Ardor can't prevent the latter,  but the former  becomes a lot harder  because of the decentralized nature of the platform ( i.e. needing consensus that the person requesting is credentialed for access ).

Another, one which I am currently working on,  would be a record of organization meeting minutes.     These often are public documents that even in todays day and age are hard to track down.  With a child chain,  you can have the organization send the meeting minutes to a burn address ( genesis block if these child chains are nxt clones ).   The minutes are stored there and  when someone wants to look at them all they have to do is  search the organizations public address in a block explorer-like  app.    This would be a great use of  child chains,  as  public record/historical documents  need to be safeguarded against  bad actors from changing their contents.  ( my work is not on nxt/ardor,  but getting a frontend ready to hook on to the chain, hence the asking of when api docs being released. )

Yes, technically these features can be done on ardor itself  ( and nxt  as well ),  but hosting all these on one chain creates  bloat  ( makes it harder for transaction times and block chain syncing )  and disorganization  (  look at the wide variety of entries in any part of nxt ( data cloud, asset exchange, marketplace etc. ) to see what I mean.  

Childchains allow categorization by function and distribution of load,   so in that sense it is a big step for crypto.

Thanks, will try that.  How many a month do you think I could be possible to forge with 74K NXT?

I guess maybe 20, but it will vary.

The constant sale pressure I have seen over the past few weeks. Multiple times nxt has hit 1000 btc volume yet stuggles once it gets past 4500 sat only to be push back to 3900 sat range multiple times.