All you are doing is hurting your cause Frictionless.
It has become apparent that you are relying on others to do the work for you, so that you can modify it and release it as your own.
All though you may have started with good intentions (though it seems unlikely at this point) you have managed to derail and poison your original message. You are doing no one any favors by continuing this charade, least of all yourself.
You have spent the last 5 (10? 15?) pages just arguing with detractors about your past comments, personal identity, poems?
There can be no benefit in gaining "supporters" until you have something tangible unless you are looking to profit from them.
If you were serious about this, you would have shut your fucking mouth from day one, waited for that source code to be released and then made the new coin and started looking for support then. Instead you've gone off on this rediculous tangent like some fucking clown.
If you've got any funds from anyone, you should return them.
Topic: [ANN] NEX :: Nxt Reimagined - Industrial Strength - Imagine Fairness! - page 34. (Read 101968 times)
January 24, 2014, 12:07:48 AM
January 24, 2014, 12:00:31 AM
Yes, 100% premined.
Shows your lack of understand on how PoS works, no wonder you flip-flopped to a different system
Furthermore, FrictionlessCoin is the voice of the corporate entity which is not necessarily the voice of solracx.
Aha, we got it all wrong. FrictionlessCoin isn't solracx, solracx is FrictionlessCoin!
But you never answered my proposal for a more fair coin:
Quote
It just occurred to me, that FC is being unfair (I'm kidding, I knew this all along) in that he is not distributing coins fairly. In fact, even if he gets 1000 "humans", this only represents 0.0000143% of the people in the world. That sounds pretty damned unfair to me, so I come with a suggestion: Increase the total coins to ~7 billion and give 1 NEX coin to everyone in the world. Introducing a new concept called PoB (Proof of Birth), 1 NEX coin will be generated for each baby born and given to them upon exiting their mother. Now that's fair!
After all, isn't the the most fair (and free) way?
January 23, 2014, 10:55:44 PM
eightspaces and some1 have posted negative feedback on your account, yet your profile appears to be clean. How is that ?
Because none have any basis in fact.
All you have here are competitors trying to mount a smear campaign.
All of them are sock puppets for Nxt proponents.
This is how they try to squash competition by running a smear campaign.
Now how about you doing some research on NXT?
Yes, rated in polls as the #2 scam coin, slightly beating out quark.
Yes, 100% premined. 1 Billion coins 100% premined and trading on an exchange called DGEX that owns other domains with the words "ponzi" in them.
Maybe you are associating with the entirely wrong side.
Finally, solracx has every right to his privacy.
Furthermore, FrictionlessCoin is the voice of the corporate entity which is not necessarily the voice of solracx.
Quote
The currency website www.nextcoin.org and NXT echange platform DGEX.com are both hosted by the same company that appears have produced the currency.
That's Graviton Capital Inc.
By checking the WHOIS info on these websites the admin of both is [email protected]
By googling that emailadress I discovered other websites that are adminned by this guy:
http://www.ipaddressden.com/email/[email protected]
http://www.webboar.com/whois-email/[email protected]
These are domainnames of gambling websites that look like scams.
The one that caught my eye the most is: www.ponzigame.com
PONZI GAME...
Above all that: in the terms of DGEX.com NXT exchange website it says that all BTC tranfered in to your DGEX account will become property of DGEX.com
So if DGEX.com decides to take all the BTC and close the website there is nothing you can do about it.
That's Graviton Capital Inc.
By checking the WHOIS info on these websites the admin of both is [email protected]
By googling that emailadress I discovered other websites that are adminned by this guy:
http://www.ipaddressden.com/email/[email protected]
http://www.webboar.com/whois-email/[email protected]
These are domainnames of gambling websites that look like scams.
The one that caught my eye the most is: www.ponzigame.com
PONZI GAME...
Above all that: in the terms of DGEX.com NXT exchange website it says that all BTC tranfered in to your DGEX account will become property of DGEX.com
So if DGEX.com decides to take all the BTC and close the website there is nothing you can do about it.
January 23, 2014, 10:51:51 PM
Then explain why you have so much faith in Level Coin and his alleged IPO scam ?
I liked the Level coin idea. No harm in that.
Is it a scam? I have no idea.
January 23, 2014, 10:49:29 PM
I have updated my accusation thread against solracx/ FC.
https://bitcointalksearch.org/topic/solracx-and-the-1000-ghash-pipe-dream-412424
FC has negative trust, yet I do not see a warning.
https://bitcointalksearch.org/topic/solracx-and-the-1000-ghash-pipe-dream-412424
FC has negative trust, yet I do not see a warning.
Your smear campaign has no basis at all.
I'll bet you took that right out of solracx's mouth, Carlos.
eightspaces and some1 have posted negative feedback on your account, yet your profile appears to be clean. How is that ?
Please explain the apparent identity conflict. Why is solracx using your name and/or email ?
Then explain why you have so much faith in Level Coin and his alleged IPO scam ?
PROPOSAL:
Implementation of the following PROOF OF BURN: https://bitcointalk.org/index.php?topic=422309.0;topicseen FOR NEX
Level 1 (LV1) coins are the name of the currency that will be distributed via the pre launch fundraiser. These are the coins that will be on exchanges and can be bought and sold. These coins will generate 1 additional LV1 coin per week for every 1,000 LV1 coins that you own (updates fractionally on the blockchain every 15 seconds and are rounded up to the nearest millionth). This means that in one year of holding 1,000 LV1 coins, you will receive roughly 50 LV1 coins, or 5% per annum. Doesn't seem like much? Keep reading.
Level 2 (LV2) coins can only be obtained by burning Level 1 coins. For every 1,000 LV1 coins that are burned you will receive one LV2 coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each LV2 coin will generate five LV1 coins per week. In one year of holding one single LV2 coin, you will receive roughly 250 LV1 coins. This equates to an increase of 25% per annum. Much better isn't it?
This cycle is revolutionary in the sense that someone holding LV2 coins will generate coins at a fast rate and cause inflation, yet to get LV2 coins they would need to burn LV1 coins and that would cause deflation. In every case of inflation, there is a stronger deflation to counteract it. This may very well be the first currency, both fiat and crypto, that has a built in mechanism to eliminate inflation on a very large scale. The cherry on top is that this deflation is instant, whereas inflation is dragged out over a long period of time. Let me give you an example:
Assuming a constant demand, a typical Proof of Work or Proof of Stake coin will lose a vast amount of value as the supply of coins on the market increases. A Proof of Burn coin on it's own will forever be attached to a Proof of Work or Proof of Stake coin and by association will also lose value over time, again noting that this assumes a constant demand. Levelcoin on the other hand has evolved to use a combination of the best features of Proof of Stake and Proof of Burn. This has lead to a system that is highly resistant to inflation and may in fact have the opposite effect. Assuming a constant demand, the value of Levelcoin will likely increase as more and more people burn their LV1 coins, causing supply to dwindle.
Nothing like this has been tried before and should the system work as planned, any founder will see an enormous return on investment. There is very little incentive for users to "pump and dump" or to flip in and out. This coin caters more towards loyalists, and considering that there will not be botnets nor ASCI's to deal with, everyone will have an equal opportunity to take part. The system is built around simplicity. Have you noticed how all new self proclaimed "next generation" currencies are getting more and more complex, both in their algorithm and distribution methods? There is no need for that, and Levelcoin aims to prove that. Google had the right idea by creating a simple search engine, and look where that got them!
Those who have faith in the currency and are in it for the long haul will reap enormous benefits from burning their LV1 coins to obtain LV2 coins and then selling the LV1 coins obtained via interest on an exchange that will likely be proprietary. Or they could choose to burn those new coins and compound their interest while at the same time creating scarcity for LV1 coins. The choice is yours. There will always be demand due to the fact that LV2 coins can not be obtained in any way other than by the purchase and burning of LV1 coins.
Level 2 (LV2) coins can only be obtained by burning Level 1 coins. For every 1,000 LV1 coins that are burned you will receive one LV2 coin. These coins can not be exchanged, sold, or discarded by any means and will be attached to the wallet indefinitely. Each LV2 coin will generate five LV1 coins per week. In one year of holding one single LV2 coin, you will receive roughly 250 LV1 coins. This equates to an increase of 25% per annum. Much better isn't it?
This cycle is revolutionary in the sense that someone holding LV2 coins will generate coins at a fast rate and cause inflation, yet to get LV2 coins they would need to burn LV1 coins and that would cause deflation. In every case of inflation, there is a stronger deflation to counteract it. This may very well be the first currency, both fiat and crypto, that has a built in mechanism to eliminate inflation on a very large scale. The cherry on top is that this deflation is instant, whereas inflation is dragged out over a long period of time. Let me give you an example:
Assuming a constant demand, a typical Proof of Work or Proof of Stake coin will lose a vast amount of value as the supply of coins on the market increases. A Proof of Burn coin on it's own will forever be attached to a Proof of Work or Proof of Stake coin and by association will also lose value over time, again noting that this assumes a constant demand. Levelcoin on the other hand has evolved to use a combination of the best features of Proof of Stake and Proof of Burn. This has lead to a system that is highly resistant to inflation and may in fact have the opposite effect. Assuming a constant demand, the value of Levelcoin will likely increase as more and more people burn their LV1 coins, causing supply to dwindle.
Nothing like this has been tried before and should the system work as planned, any founder will see an enormous return on investment. There is very little incentive for users to "pump and dump" or to flip in and out. This coin caters more towards loyalists, and considering that there will not be botnets nor ASCI's to deal with, everyone will have an equal opportunity to take part. The system is built around simplicity. Have you noticed how all new self proclaimed "next generation" currencies are getting more and more complex, both in their algorithm and distribution methods? There is no need for that, and Levelcoin aims to prove that. Google had the right idea by creating a simple search engine, and look where that got them!
Those who have faith in the currency and are in it for the long haul will reap enormous benefits from burning their LV1 coins to obtain LV2 coins and then selling the LV1 coins obtained via interest on an exchange that will likely be proprietary. Or they could choose to burn those new coins and compound their interest while at the same time creating scarcity for LV1 coins. The choice is yours. There will always be demand due to the fact that LV2 coins can not be obtained in any way other than by the purchase and burning of LV1 coins.
In summary, this looks like an excellent idea. Pre-launch NEX coins will be LV1 coins and new coins will be LV2 coins.
This proof of burn functionality is superior to the 'forging' feature of Nxt.
The best way to think about this is to make the analogy between banks and enterprises.
Actually, I should rename the LV1 and LV2 coin, "NEX Invest Coin" and "NEX Enterprise Coin" .
With the NEX Invest Coin you get 5% interest. You never lose your principal.
With NEX Enterprise Coin you consume NEX Bank Coin but in the process you stand to gain 25% of what you gain.
January 23, 2014, 10:44:53 PM
Raise your paw if you are interested!
January 23, 2014, 10:42:06 PM
I am really glad to see this project. Go NEX!
Thanks! You aren't going to be disappointed.
January 23, 2014, 10:40:44 PM
All that is gold does not glitter,
Not all those who wander are lost;
The old that is strong does not wither,
Deep roots are not reached by the frost.
From the ashes a fire shall be woken,
A light from the shadows shall spring;
Renewed shall be blade that was broken,
The crownless again shall be king.
I'm interested too!
Not all those who wander are lost;
The old that is strong does not wither,
Deep roots are not reached by the frost.
From the ashes a fire shall be woken,
A light from the shadows shall spring;
Renewed shall be blade that was broken,
The crownless again shall be king.
I'm interested too!
nice one.... thank you
January 23, 2014, 10:40:09 PM
I will test.
But here's a serious question.
If you contribute "money" (which is value, energy), how is that not "fair"?
You realize that money in itself isn't evil right? You realize also some people don't have time to contribute to your project by the means you want, but when they want to buy something they give you money in exchange.
You're trying to make a "fair" distribution. Good luck with that, it will never be completely fair. But you're already stumbled upon these problems yourself...
But here's a serious question.
If you contribute "money" (which is value, energy), how is that not "fair"?
You realize that money in itself isn't evil right? You realize also some people don't have time to contribute to your project by the means you want, but when they want to buy something they give you money in exchange.
You're trying to make a "fair" distribution. Good luck with that, it will never be completely fair. But you're already stumbled upon these problems yourself...
NEX distribution to be fair to all will be merit based.
You automatically get a percentage of NEX if you show interest.
You get a percentage every time you contribute to NEX.
For the Nxt users who feel disenfranchised, we will allocate 5% of NEX that they can purchase in exchange for NXT. We will offer a steep discount of 1 NXT for 50 NEX. 5% of NEX is 50 million coins, this is a hard limit. Nxt Coin holders are limited to 500,000 NEX per user. The offer ends when NEX is distributed or the 5% is exhausted. Nxt owners... this is your opportunity to become an early adopter.
We will also allocate 1% for VISACOIN investors who lost their money. This requires verification only that they sent BTC to the VISACOIN BTC donation address. This is given freely.
It started as a joke now it is looking more and more like a scam.
Go for NEM https://bitcointalksearch.org/topic/ann-nem-4-billions-coins-part-1-this-thread-is-no-longer-used-422129 There will be no arbitrary rule of distribution and no dictatorship. Everything will be shared equally for everyone showing the interest.
I have lost 1.56 BTC in VisaCoin, so I'd be extremely interested to get the extra 1% + more extra by helping in testing.
Thank you
Link to me your blockchain.info for the 1.56 you sent to VisaCoin. We sympathize with you and will do what we can to help you out. Also, contributions at this time gets you a bigger share than cash. Just do the math!
http://blockchain.info/el/tx/f53e7c46e82425e577f439e16acadab637f6622c9c07229faaa06c8e69ca7ce7
^^ this is the transaction. My address in Multibit client is 1EXLjBmG78NnaG2Vkiitz3MvhNa9AUzmxW.
Sorry for the late response.
Well, let's hope NEX appreciate enough in price to cover your loses.
January 23, 2014, 10:37:55 PM
I really suck at poetry,
but,
I,
just,
want,
some,
NEX,
OK?
DOKE?
Interested
but,
I,
just,
want,
some,
NEX,
OK?
DOKE?
Interested
Okay
January 23, 2014, 10:37:34 PM
It would be nice if,
it had a dog on it,
a cat on it,
or even a kanye on it,
but im still INTERESTED
it had a dog on it,
a cat on it,
or even a kanye on it,
but im still INTERESTED
Neat!
January 23, 2014, 10:37:09 PM
Interested. And best of luck!
Thanks for the support.
January 23, 2014, 10:36:12 PM
January 23, 2014, 10:35:39 PM
January 23, 2014, 10:35:03 PM
January 23, 2014, 10:34:46 PM
January 23, 2014, 10:34:27 PM
January 23, 2014, 10:33:17 PM
WTF... FC made 2 threads !? lol
Hardest working scammer, liar, hypocrite, manipulator and thief on this forum.
I'm kinda curious to find out how many other scams he's run...
Like you have proof of your accusations?
scammer - where is your proof?
liar - where is your proof?
hypocrite - subject to opinion.
manipulator - where's the crime in this?
thief - where is your proof?
All you are doing is running a smear campaign just because someone else is mounting competition against your investments.
January 23, 2014, 10:21:46 PM
I have updated my accusation thread against solracx/ FC.
https://bitcointalksearch.org/topic/solracx-and-the-1000-ghash-pipe-dream-412424
FC has negative trust, yet I do not see a warning.
https://bitcointalksearch.org/topic/solracx-and-the-1000-ghash-pipe-dream-412424
FC has negative trust, yet I do not see a warning.
Your smear campaign has no basis at all.
January 23, 2014, 10:20:27 PM
I have updated my accusation thread against solracx/ FC.
https://bitcointalksearch.org/topic/solracx-and-the-1000-ghash-pipe-dream-412424
FC has negative trust, yet I do not see a warning.
https://bitcointalksearch.org/topic/solracx-and-the-1000-ghash-pipe-dream-412424
FC has negative trust, yet I do not see a warning.
Hey, Hippie T!
Maybe it's time to throw up a thread dedicated to the past, present and hopefully not future exploits of FC/solracx/etc.
So far I've seen 2 or 3 seperate projects of his/her/them, that all seem to follow roughly the same pattern:
Storms into someone elses party with no beer. Or girls.
Demand to be allowed to DJ, while stealing all the beer and annoying everyone.
Fucks up his DJ set, says that the decks* were rubbish.
Storms out, stealing the decks and more beer on the way.
Says it is all your fault for having a shit party.
Leaves alone, you never see your decks again...or the beer.
Having said that, FC is incredibly annoying, but is he really an outright scam artist ?
I estimate that he's got 8-12 human investors (not counting sock puppets/himself) so far. That'll net him maybe 10-20,000 NXT, not counting lucky88888 who claims to have lost 9995 NXT by using the nex client.
Hmmmm......that's about 1-2 BTC, seems like a lot of work and hassle for not much return
NameCoin are down 122 NMC (I think) which is......0.8 BTC. Big time scams these are not.
Maybe he's just not very good at crypto, or playing with others, obviously.
So has he been up to any real thievery or is it purely the result of a big mouth and incompetence?
See:
http://en.wikipedia.org/wiki/Dunning%E2%80%93Kruger_effect
*Decks, for anyone over 70, are turntables/record players.
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