NXTcash will be "mined" or "created" by NXT nodes that are forging, am I understanding this correctly?
True anonymity is a feature some people will PAY more for, so this premium creates an additional revenue stream beyond forging fees correct?
This therefore provides incentive for more people to forge with nodes on the Nxt network, thereby providing more security to the Nxt network.
Other Distributed Applications will function in a similar fashion, providing additional revenue streams to forging Nxt nodes as these Nxt nodes provide digital services that are in demand.
Comments? Am I conceptualizing this properly?
Also, I keep hearing the phrase "Explain it to me like I am five." Nxt needs one-click installers for new users. The end goal for a Nxt mobile client should be as easy to use as Mycelium Wallet. Mobile money transfer is a key market for Nxt. If NMAP intends to monetize their Nxt mobile client, then Nxt needs an open source easy to use one click install mobile client.
You are confusing nodecoin with NXTcash. Nodecoin will simulate a mining/forging pool and people can earn consistently on a prorata basis, according to whatever formula we feel is best.
NXTcash is zerocoin integrated into NXT. We are finalizing the design for a method that will allow us to use the current libzerocoin alpha without any changes to the NXTcore. A person would mint a zerocoin and pay NXT to register it. He will then have private data that can (should) be used on a different computer with different IP to redeem the private data into NXT into a totally different account.
Theoretically, there would not be any way to get more than a statistically random guess as to who funded the NXTcash redemption.
James
