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Should be the fifth anniversary, right?

user1922,

We are having a discussion here, I apologize for any feeling of being brushed off as a freeloader. The forum has been "ddosed" by a guy named yuriygeorge and I think people are responding to you as if you are his clone.

Anyway, extensibility!

OK, so we know BTC can do payments, like paypal, just slower but without worry about transactions being reversed. Some like this others don't. Regardless if you want to change anything about bitcoin, well it is easier to just make it a new coin and that is exactly what has happened, litecoin, namecoin, 100+ others.

None of these coins can coexist with each other at the protocol level. Meaning they need different server daemons, different wallets, etc. Let's ignore the wasteful mining aspect, that is not what you asked. So I hope that explains how BTC is not extensible. Changing BTC creates a new altcoin. Now the more technical of you will probably point out that it is possible to update bitcoind globally and get new features added to bitcoin. To them I say, show me how you can get all the miners to agree to this short of a catastrophic bug.

Clear enough on BTC's shortcomings in this area?

Now for NXT, when it first was released, it had the payment ability. Faster than bitcoin so better, but essentially the same functionality.

In less than a month namecoin functionality was added. This immediately boosted market prices for NXT to around namecoin market cap. This is not simply because namecoin functionality is so good, it is because it showed the ability of NXT to do an update and gain a new functionality. Let's see any other altcoin or bitcoin do that.

the other thing it did was make clear that if there is a service, people will use it and spend NXT like drunken sailors. All the transaction fees then get distributed randomly to the lucky lottery winner of that block (approx minute). While the big NXT holders tend to win most lotteries, even very small holders eventually get some and this redistributes NXT, it also makes it a built in dividend reinvestment program, and makes NXT the only crypto that has a positive yield.

James

I agree shouting 'unfair' is not constructive. That is why I suggested to put 80% of the coins in a sort of trust fund and dole them out when transactions are executed. Apparently this has something to do with going to Church.

Having an ad supported faucet apparently is also not supported by most here.

I agree that giving them away is not constructive and is in no way supportive of the currency. There has to be some sort of work that has to be performed to get coins. So far not very many of these programs exist however. Maybe I just didn't look in the right places.

See i don't know how you are still forging. I have been on nxt 24 hours a day for the past couple weeks, even calling half that time down for crashes and ddos, and thats still a TON of hours. I have almost 285k nxt and my block chain says that I should have forged an estimated 175nxt. In reality, I've forged two blocks and earned 1nxt.  I KNOW its new, and crashy, and lots of empty blocks, but I really think the issue is about understanding how the "staying connected" works

see http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=15436509232181115695

Apology accepted 

Ok, i understand what you say about the extensibility. But that forking of the code into altcoins is what will probably happen to NXT as well as soon as it's source is published. The only way to keep this from happening is implementing features faster and better than anyone else could. But that will only occur if there are (lots of) experienced programmers working on the same codebase. But I am not worried about that.

I agree that the alias system was implemented well and worked without (too much) bugs. So I see it's value there as well.

I am also glad to read that the stakeholders are also still unsure on how to deal with redistribution and are still looking for ways on how to solve this problem. It will be an issue that needs to be solved I think. I read on many different websites getting involved in NXT is not smart as it is a pre-mined currency. I do understand why NXT is NOT pre-mined, but a lot of others will not understand this point. And that will be the reason for people to ignore NXT. To me, this is the biggest hurdle that is facing PoS currencies such as Ripple and NXT.

+1

It's still at the very beginning of Nxt!

And how about EARNING them? Do you also consider that a form of charity?

How many Btc forums are full of people complaining that "you paid nothing", "i want it for free"?

I think one of the bigger challenges is to get people out of the "mining" mindset.
Let's face it, most people at the moment got into coins and mining because of the beginning of December boom.

They have little or no interest in new forms of currency. The only currency they are interested is the one on their accounts and also the "game" of free money.
This may seem overly cynical, but reading the forums, you know the kind of person I mean. DOGE was succesful for a reason.  

The good thing would be to engage these people (not the ones already interested) and show them what currencies are and do and could do!

My own view on distribution is that there should be a more extensive bounty scheme to get a wider range of capable people involved. I freely admit this has a selfserving side, too, as I have no coding abilities whatsoever, but wouldn't mind earning Nxt by doing other jobs. That's why I am also translating the wiki. It's something I can do to help, and it falls within my abilities.