I think one way to partially untie the transaction fee from the fiat value is to use percentage based fees instead of fixed fees. You would still want a cap on that though, since people are mostly sending around large amounts of Nxt right now.  For example, a 0.1% fee with a 0.5 Nxt cap.  Which is a very low fee, over 10 times lower than credit cards.  The cap would have to be adjusted relative to fiat but that wouldn't be as urgent. This would also allow microtransactions that are fractions of a penny if some reason wanted.

You would also have to include a bottom cap so that people don't use this as an opportunity to spam the network with very small transactions but again adjusting that would be less important because you could leave a big range for the top and bottom caps and most people would pay the very low percentage.  Personally I'd switch the fee over to the receivers side, so that people don't feel like they are being penalized for sending someone money and if I'm getting money, personally I'm more willing to pay a small fee to get money than give it.

The thing I suspect will happen with these is as soon as people can claim their coins, the value will plummet because most won't be able to do anything with it but will see it as an opportunity to cash out into their own well known fiat.. especially those who need it most.

There is good chance that this (and other scam coins like this -- tons are coming after auroras success) will peak for a few days if it ever makes to a big exchange and coinmarketcap.com website. 75% are premined and "locked" so it will end up very high on coinmarket charts  and that itself will start a buy frenzy. The same thing happened with aurora. Everyone is  copying the same concept now.  

Damelon, I agree with you that open software development and addressing concerns are important.

However, when a statement like, "What's kept me from dumping all my Nxt in disgust over being "lied" to, was the fact the "switch" that I took the "bait" for was actually pretty compelling in itself." is made by BrianNowhere it shows derisiveness.

No one "lied" to BrianNowhere about Nxt. Nxt did not pull a "bait and switch". Those are "emotional intensifiers" and are not representative of the communications of the Nxt community.

Nxt is developing and has many compelling advantages over Bitcoin. Nxt is young and needs more development and input from testers and users. Nxt does not need inaccurate information maliciously spread about it.

so i was thinking. perhaps one way that i could avoid running afoul of the law on my nxt silver bullion gateway is to emulate a dry cleaners. dry cleaners take in cloths, issue a claim check for those cloths, alter the state of the cloths, and then return them in exchange for the claim check. for some reason unknown to me this claim check is not considered a "security" under financial regulations. Technically it should be, you can leave your cloths at the dry cleaner for an extended period of time and then sell the claim check to someone else and then that person can use the claim check to acquire your cloths, the dry cleaner claim check is a security in every sense of the word but legally it just isn't. So what ever the reason for that is, which i dont know, i can use it to my advantage by emulating that business to a t.

so lets imagine that i am a silver dry cleaners and the melting of silver shot into a bar is the analogue of dry cleaning the cloths, the silver shot is the dirty cloths, and the silver bar is the clean cloths. You buy 10 ounces of silver shot from some online retailer and set the address for delivery as a POBox of my specification. You then use your nxt address to sign the tracking number of the order and send me enough nxt to pay for the "cleaning". The "dirty" silver arrives at my shop and I issue you a claim check. After enough time has passed for me to "clean" the silver that claim check will become redeemable for silver that is now in the form of a bar. From that point on if other people want to trade that claim check amongst each other than thats none of my business. If there are legal ramifications than the onus is on them, it has nothing to do with me.

the nice thing is that there will still be a market for my claim checks but i will never under any circumstances be one of the sellers in that market. so if you want to acquire physical silver than the process will be no more complex for you. you will simply buy one of these claim checks on the market from someone other than me and then reimburse it at my nxt address. The people who deal with ordering silver shot and shipping it to my po box will be in a sense speculators trying to take advantage of arbitrage and for that service they will be affording me a level of legal protection.

one would think that since now there is a new middle man between me and the consumer that this would cause the price to be higher but i dont think this is necessarily the case because there is an advantage to be gained from outsourcing the acquisition of silver shot, a large group of people competing with each other to find cheaper supplies than the other will probably be much more effective at acquiring cheap silver shot than i could be on my own.

tell me what you guys think. ill post this in my silver bullion thread also so if you are seeing this message any later than say a half hour after it was posted than it will probably be better to reply to it there.

I know when I search for wine online, I like to search by country, color, grape, appellation, producer, vintage, and price, not necessarily in any nested order.

Nesting would just get overly complicated
red
-italian
--merlot
---tuscany
----frescobaldi
-----2011
------sweet

red
-italian
--merlot
---tuscany
----frescobaldi
-----2011
------dry

red
-italian
--merlot
---tuscany
----frescobaldi
-----2012
------sweet

red
-italian
--merlot
---tuscany
----frescobaldi
-----2012
------etc

+1

Well, let me provide an update after eight hours of straight programming.

Here is essentially what I will be running with for the decentralized server addition.

In this example Peer1 and Peer2 are not hallmarked, which is why they are using a hallmarked server as a common networking point. The purpose of this is to allow the two "peers" to send serialized objects to each other without taking up a large amount of bandwidth on the NXT network.

Here is what a serverRequest object looks like.

Establish a shared hallmarked server connection.

• Peer1 chooses a  hallmarkedServer to share a connection with Peer2
• Peer1 sends the serverRequest object to all hallmarkedServer(s) in peerList.
• hallmarkedServer(s) check their peerList to see if they are connected to Peer2
• if they are not the hallmarkedServer(s) broadcast the signed request to all the hallmarkedServer(s) they are connected to.
• if they are connected to Peer2 they send the serverRequest to Peer2
• Peer2 connects to IP (sharedNode) in request packet
• Peer2 sends a signed timestamp + sharedServer packet to the shared server (essentially just verifying the serverRequest)
• the shared server will now relay all serialized objects sent from Peer1 to Peer2 (on port 6666) and vice-versa.

Countermeasure to "passive" denial of service
   Every minute a object with the amount of sent data during the last minute is sent to hServer
   hServer sends this to the other Peer
   If this packet is not received by the other peer the shared hServer is forgotten and a new sharedServer is found

If all goes well than they will be a very high quality product. perhaps they may not be accepted as coming from a legit dealer immediately but hopefully it wont take too long before my brand builds up reputation.

really though if you want to turn them into cash than the best way would be to send them to me in exchange for claim checks, sell the claim checks on the asset exchange and then cash the nxt out at a USD gateway.