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    Author Topic: | ARDOR | Scalable Blockchain-as-a-Service Platform | Proof of Stake  (Read 396493 times)
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    barabbas
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    August 09, 2016, 11:56:16 PM
     #601

    "But you're not running a regular wallet when you use exchanges. That is custom code written by the exchange to display your balance. How can you expect the NXT foundation to write custom code for each exchange to display a projected Ardor distribution? No where is it stated that a "preview" of how much to expect is a requirement for a wallet, only that there will be a distribution that you will receive. The information needed to calculate the amount is widely posted everywhere for your current NXT holdings. If you want the preview functionality, then hold your NXT in a web or desktop wallet and not on an exchange. That is the official stance of the NXT foundation anyways, so I take that as keeping my funds by any other means is a risk. So if I want to guarantee my funds, I need to be holding them in a personal wallet and not on an exchange. I mean if you have your NXT posted up for sale, clearly you don't believe in the platform and are looking to exit, so why would you care about not receiving any Ardor tokens, unless you just want to dump to make a quick buck? After all the NXT is still needed to acquire the coins from the first child chain, so how can you expect to receive coins for that if you're selling them now?"

    Wow, this is completely absurd. And illegal. You can do with your NXT whatever you want, no restrictions whatsoever. And what Next Foundation says it is going to do, is taking snapshots (which they are doing) every hour and that by October 10-12 you will get your Ardor on a 1:1 basis, REGARDLESS where you have or have had those NXT coins, as long as they have been snapshot. Bittrex (and Polo and others, I believe) have agreed to cooperate with this operation and, logically, are not planning on keeping the Ardor themselves (at least I don't think they plan that. If they do, theyll be sued and obviously they will lose hundreds if not thousands of customers and since their business is making money from commissions on trades, not from thievery, logically they will keep their word and do just that). Now, what Bittrex at least don't have is the MECANICALS to tell me, ok as of today, your Ardor accumulated, giving the average of your NXT holdings, is XXX amount. Not that they don't have the will to give the coins to you, they do. They just need the MECANICALS -again- to calculate that as of today. We all know that the figures you get today won't be effective (although they are as real as they can be), meaning you won't get the actual credit, until October 10-12. But the whole point is that there's no reason but, again, the MECANICALS, to not have that estimation in your exchange account just like you do in your regular wallet. The Foundation should provide those mecanicals as of yesterday.

    The whole matter of the first chain is up in the air and won't be specific until it is, so it is very secondary for many NXT investors, both traders and long term holders. And has nothing whatsoever to do with the ARDOR matter.
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