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Author Topic: price speculation - IGNIS/ARDR  (Read 26679 times)

Riker

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Re: price speculation - IGNIS/ARDR
« Reply #40 on: October 19, 2017, 08:18:48 pm »

I worry that it will be all too complicated. Already NXT is not easy for noobs. Getting a server running took me a full weekend. Now with Ardor I have to somehow learn about the child-currencies... set up bundling... check if it's profitable and all that. I mean, maybe it's easier than I imagine, but it will surely mean even less users go for the effort.   
And since NXT seems to already use up the server's memory a lot (as far as I understand), I worry if I can even run both chains on it. I might have to chose one. How many users would have two systems running for forging?

At least initially the Ardor memory foot print should be small since the blockchain will be small.
I'm running NXT node successfully on a 1GB VPS node. Something that usually helps performance is to compact the database.
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Brangdon

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Re: price speculation - IGNIS/ARDR
« Reply #41 on: October 20, 2017, 01:33:14 pm »

I worry that it will be all too complicated. Already NXT is not easy for noobs. Getting a server running took me a full weekend. Now with Ardor I have to somehow learn about the child-currencies... set up bundling... check if it's profitable and all that. I mean, maybe it's easier than I imagine, but it will surely mean even less users go for the effort.   
And since NXT seems to already use up the server's memory a lot (as far as I understand), I worry if I can even run both chains on it. I might have to chose one. How many users would have two systems running for forging?

At least initially the Ardor memory foot print should be small since the blockchain will be small.
I'm running NXT node successfully on a 1GB VPS node. Something that usually helps performance is to compact the database.
The need to manually compact the database is part of the problem: part of what makes running a node complicated. Needing to notice and manually resolve forks is another.
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sbn

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Re: price speculation - IGNIS/ARDR
« Reply #42 on: October 29, 2017, 07:06:13 pm »

nxt = nxt kit If you create a private block chain
nxt provides 10% free tokens for private block chains.

IGNI = ARDOR Every time a child chain is sequential in a block chain
10% of the total tokens in the sub-chain are paid to the owner of the iGNIS token for free.   (jelurida.com/bitswift)

We need to know why this phrase is good.

The greatness of Etherium is to issue Ether tokens and invest in Etherium.

warning)
ARDOR itself does not have ICO or pre-sale capabilities.
IGNIS offers advanced ICO and advanced features.

IGNIS Do you remember this on the NXT platform when ICO was installed?
You will see that this will be done in the future at IGNIS.
Obviously, the ARDOR platform does not have ICO and pre-sale capabilities.

I also do not know the true value of NXT.
ARDOR is a (common) block chain with sub-chains open.
NXT's kit creates a private block chain.

At this point, you need to know whether you should use a private block chain.
Private block chains should be used for banking, finance, securities and stocks.
The NXT kit is the only one that has this capability.

 For example, if a global bank is to conduct securities and financial transactions using an NXT kit, 10% of the tokens issued by them will be paid to NXT token holders free of charge.

  This is not comparable to 10% of the general ICO token issuance you know,
   If the bank is tokenize 100 billion assets, the ten billion asset token must be paid to the NXT token holder. At present, this movement can be seen through NXT media.
 (jelurida.com/blockchain-creation-kit)
« Last Edit: October 29, 2017, 07:14:12 pm by sbn »
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Riker

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Re: price speculation - IGNIS/ARDR
« Reply #43 on: October 30, 2017, 07:16:53 am »

Not sure why you say the Ardor and Nxt does not have ICO capabilities. The Ignis ICO itself is using the Nxt blockchain.
See also https://medium.com/@lyaffe/using-nxt-as-crowdfunding-platform-e12258b63aee
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chesslover

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Re: price speculation - IGNIS/ARDR
« Reply #44 on: October 30, 2017, 08:44:23 am »

Not sure why you say the Ardor and Nxt does not have ICO capabilities. The Ignis ICO itself is using the Nxt blockchain.
See also https://medium.com/@lyaffe/using-nxt-as-crowdfunding-platform-e12258b63aee

Thank you @Riker for the link, most especially in describing in layman's terms the crownfunding options.

Are you planning to come up with an article in the future on how to conduct an IGNIS-like ICO on Ardor? As a Nxt programmer I am interested for such an article. Thanks.
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chesslover

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Re: price speculation - IGNIS/ARDR
« Reply #45 on: October 30, 2017, 09:05:52 am »


The greatness of Etherium is to issue Ether tokens and invest in Etherium.


Please don't start it, even Stellar is way better than Ethereum.

Using Stellar for ICOs
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sbn

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Re: price speculation - IGNIS/ARDR
« Reply #46 on: October 30, 2017, 01:50:10 pm »



   nxt = ignis   Crowd raising  ok 

   ardor  Crowd raising  no   
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sbn

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Re: price speculation - IGNIS/ARDR
« Reply #47 on: October 30, 2017, 01:54:24 pm »


The greatness of Etherium is to issue Ether tokens and invest in Etherium.


Please don't start it, even Stellar is way better than Ethereum.




Thank you. But Stella is starting now.

nxt or ignis is perfectly close.

It is a game of children and adults.
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chesslover

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Re: price speculation - IGNIS/ARDR
« Reply #48 on: October 30, 2017, 06:11:18 pm »


The greatness of Etherium is to issue Ether tokens and invest in Etherium.


Please don't start it, even Stellar is way better than Ethereum.




Thank you. But Stella is starting now.

nxt or ignis is perfectly close.

It is a game of echildren and adults.

Only Hyperledger will be a worthy alternative to Ardor.
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ninjanoel

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Re: price speculation - IGNIS/ARDR
« Reply #49 on: November 13, 2017, 10:00:09 pm »

Just to add: Ignis will get airdrops thanks to the license used for Ardor. So any clones will have to give 10% of their tokens to holders.
And Ignis will for now be the only chain with (nearly) all the NXT functionality. Not sure how much that wll be used... but well. With Ardor you can't do all that much other than forging/bundling. Which might actually be a lot of work.

Are you sure air drops are for Ignis and not NXT holders?

I read the license and I thought it meant NXT holders, not IGNIS holders. It also makes sense that Devs have huge amounts of NXT in their possession and they'd want to get some value from that (i.e. airdrops from childchains) and keep the value of NXT worth something (again because of air drops)

Does anyone have more info about which coin the airdrops of child coins will be from? NXT, Ardor or Ignis? Cause reading the license did confuse me, but logic says it should be NXT, not Ignis, but I could be wrong.
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Sebastien256

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Re: price speculation - IGNIS/ARDR
« Reply #50 on: November 13, 2017, 10:31:10 pm »

Just to add: Ignis will get airdrops thanks to the license used for Ardor. So any clones will have to give 10% of their tokens to holders.
And Ignis will for now be the only chain with (nearly) all the NXT functionality. Not sure how much that wll be used... but well. With Ardor you can't do all that much other than forging/bundling. Which might actually be a lot of work.

Are you sure air drops are for Ignis and not NXT holders?

I read the license and I thought it meant NXT holders, not IGNIS holders. It also makes sense that Devs have huge amounts of NXT in their possession and they'd want to get some value from that (i.e. airdrops from childchains) and keep the value of NXT worth something (again because of air drops)

Does anyone have more info about which coin the airdrops of child coins will be from? NXT, Ardor or Ignis? Cause reading the license did confuse me, but logic says it should be NXT, not Ignis, but I could be wrong.

Air drop paragraph is in the JPL special condition, not general condition. Its in the special condition of the ARDR JPL license that NXT is to be change to IGNIS as far as I know. Currently the JPL on jelurida website is for NXT source code, not ardor source code.

Jelurida maximum number of NXT will be eventually 40M (as stated in the ARDR whitepaper). However, there is no limit that the devs may hold for IGNIS. This is not an issue in my opinion since the blockchain is secured with ARDR token and not IGNIS.
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ninjanoel

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Re: price speculation - IGNIS/ARDR
« Reply #51 on: November 13, 2017, 10:58:03 pm »

@Sebastien256
Copy for the jpl...
"Starting from version 1.11.6, the Nxt Reference Software (NRS) is the first software to be released under the Jelurida Public License, with the Special Conditions requiring a 10% sharedrop to the NXT holders from Nxt clones."

I see other reference to NRS, and explicit mention of NXT, but no explicit mention of Ignis. Hence my confusion.

Although perhaps jelurida dot com slash bitswift is a real life example of the license in action, but I'm not sure, bitswift will airdrop Ignis holders.

I know it mentions forks of the software, and forks may not break the ledger consensus, but I take that to mean they must "play ball" with Ardor, but I don't get the impression that ardor holders will receive airdrops, just keeps mentioning NRS, from memory

I'm not a lawyer, but reading that license with the intention of really trying to understand it gives me more respect for lawyers. lol
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Sebastien256

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Re: price speculation - IGNIS/ARDR
« Reply #52 on: November 13, 2017, 11:06:40 pm »

JPL on jelurida website is for the NXT software.

There will be another version of the JPL for ARDOR where in the special condition it will be IGNIS instead of NXT that will get the airdrop. The devs already mentions this and they even shown a version of the JPL for the ARDOR software before NXT was released in the JPL. IGNIS was at the place of NXT in that version of the JPL.

Sincerely, imo it would not make sense to put NXT airdrop. NXT is a different platform than ARDR/IGNIS.

---
Concerning BITSWIFT, it is offical that these will be airdrop to the IGNIS holder, but the airdrop has nothing to do with the JPL. It is simply the BITSWIFT childchain's creator that decide to give away his personal bitswift token to the IGNIS holder.
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ninjanoel

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Re: price speculation - IGNIS/ARDR
« Reply #53 on: November 13, 2017, 11:43:18 pm »

I read that original version mentioning Ignis, got all excited about Ignis, then came back a week later and Ignis was replaced with wording that made it sound like ardor/ignis was just another version of NXT, which I think it is.

The very name of the license implies that it's for both NXT and ardor/Ignis, they make the software, it's named jelurida public license, not specifically only for NXT. Ardor is even number version 2.0.4, they didn't skip ardor v1, v1 is NXT, I think.

I went looking for the bit where you say white paper mentions they will be capped to 40 million nxt, couldn't find it (and dumping NXT to enforce that clause would devalue NXT significantly, harming the value of the 40 million they'd have left, senseless). If they are capped then yes my logic falls apart, but if they aren't capped at how much NXT they can hold, then it makes perfect sense that NRS v1 holders get 10% of NRS v2 coins issued (Ignis fulfills this clause by issuing 50% to NXT holders btw, but childchains would also be nrs v2), because they are capitalising on their NXT holdings, which is especially significant now that they had everyone swopping NXT for Ignis during the ico, essentially inflating their NXT holdings, more reason for them to have reason to preserve NXT value by giving it some usefulness, else they are designing the license to devalue the only currency they are accepting as payment for Ignis
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ninjanoel

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Re: price speculation - IGNIS/ARDR
« Reply #54 on: November 13, 2017, 11:49:25 pm »

Concerning BITSWIFT, it is offical that these will be airdrop to the IGNIS holder, but the airdrop has nothing to do with the JPL. It is simply the BITSWIFT childchain's creator that decide to give away his personal bitswift token to the IGNIS holder.

P.s. surely they not issuing 10% out of the goodness of their heart, as a "gesture of goodwill"? It's to abide by the jpl, no other reason. In my opinion.

P.p.s. off to bed now. Glad I found the forum, had these questions for a while, would really like to know so I can make an informed decision about selling or holding, I'm holding NXT waiting for my 50% ignis, I'm too poor not to make the right decision. hehe
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Sebastien256

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Re: price speculation - IGNIS/ARDR
« Reply #55 on: November 13, 2017, 11:49:44 pm »

Sorry, the info about maximum 40M NXT is there https://www.jelurida.com/ico
and also at page 35 of the whitepaper.

you could ask the devs in the slack channel, they are very active there. They might be able to give you more details.
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Sebastien256

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Re: price speculation - IGNIS/ARDR
« Reply #56 on: November 13, 2017, 11:51:06 pm »

Concerning BITSWIFT, it is offical that these will be airdrop to the IGNIS holder, but the airdrop has nothing to do with the JPL. It is simply the BITSWIFT childchain's creator that decide to give away his personal bitswift token to the IGNIS holder.

P.s. surely they not issuing 10% out of the goodness of their heart, as a "gesture of goodwill"? It's to abide by the jpl, no other reason. In my opinion.

P.p.s. off to bed now. Glad I found the forum, had these questions for a while, would really like to know so I can make an informed decision about selling or holding, I'm holding NXT waiting for my 50% ignis, I'm too poor not to make the right decision. hehe

I guaranty you the bitswift airdrop has nothing to do with the JPL. JPL is for clone and has nothing to do with Ardor childchain.
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joelquest

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Re: price speculation - IGNIS/ARDR
« Reply #57 on: November 13, 2017, 11:53:48 pm »

So if I am reading this thread right...

After the Snapshot on Dec 25, it might make sense to hold onto my NXT as I will get 10% of tokens that will use NXT possibly for ICO).  Is that a real possibility of there being clients for that?  That sounds great!!

is that the same true of IGNIS and/or ARDOR holders?   Or is the only additional income opportunity come from bundling (a concept i need to research further to completely understand)
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ninjanoel

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Re: price speculation - IGNIS/ARDR
« Reply #58 on: November 14, 2017, 12:01:37 am »

I should take you up on that guarantee :-p

Also, from the whitepaper, you misread, it's referring to their takings from the ico, not governing their previous holdings. It's saying what they shall do with what they collect with THAT portion of the NXT they receive, it's not saying they agree to reduce their overall total NXT holdings to anything. As I say, that would be very silly of them, cause they probably do have large holding of NXT cause they the Devs, and would have probably been getting paid in NXT etc etc at some point.

"The last batch of 100 M JLRDA tokens will be reduced
by up to 20 M tokens allocated by Jelurida for promo-
tional and marketing use. Jelurida will keep as NXT
20% (but not more than 40 M NXT) of the NXT coins
collected in the crowdsale. Jelurida will convert the
rest of the collected NXT to fiat or BTC, but reserves
the right to do so in portions, or at a later time
depending on market conditions."
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ninjanoel

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Re: price speculation - IGNIS/ARDR
« Reply #59 on: November 14, 2017, 12:04:51 am »

So if I am reading this thread right...

After the Snapshot on Dec 25, it might make sense to hold onto my NXT as I will get 10% of tokens that will use NXT possibly for ICO).  Is that a real possibility of there being clients for that?  That sounds great!!

is that the same true of IGNIS and/or ARDOR holders?   Or is the only additional income opportunity come from bundling (a concept i need to research further to completely understand)

Somebody is getting 10% of something, I'm trying to work out what. lol  ;D
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