I'm dumping Nxt and here's why you should too - page 8.

inBitweTrust

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Quote from: Hollowman338 on January 17, 2015, 07:46:58 PM

So please, enlighten us. What shitcoin that you're bagholding would you suggest everyone invest in?

I used to mine litecoin in the early days and was originally 80% BTC 20% litecoin, but sold all of it for BTC.
Now I have 99.9% BTC and .1% namecoin (for domain and testing purposes)

As far as investing, I would suggest people stick with BTC for the time being but balance their investments
with non crypto such as land, businesses(possibly crypto related), gold, and stable forms of fiat.

Any other questions, sir?

Quote from: Damelon on January 17, 2015, 07:56:00 PM

He already said Nxt can't be considered a scam.

As to dying a slow death, the price in relation to BTC doesn't support this claim.

Unless it's implied all coins are dying a slow death.

Bitcoin is capitulating as well, Nxt at an accelerated rate(dropping from 3rd in market cap to 8 or 9th:

http://coinmarketcap.com/currencies/nxt/

Keep in mind the price line is in relation to BTC.

Discounting newly pumped ICOs, not all coins are capitulating. Much to my chagrin, Ripple is growing in value.

Quote from: Daedelus on January 17, 2015, 07:58:47 PM

Quote from: inBitweTrust on January 17, 2015, 05:58:21 PM

...I'm certainly not a PoW ideologue.

I don't believe you Cheesy

Would you like some suggestions of other old threads to dig up for tomorrow? Grin

That is why I have been advocating for a TaPoS security layer added to bitcoin over many threads and creating new
threads questioning 100% PoW in Bitcoin like this: https://bitcointalksearch.org/topic/changes-to-the-alogrithm-prohibited-or-disputed-873646 Huh

alani123

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Leading Crypto Sports Betting & Casino Platform

Doesn't it seem a bit suspicious that the mass influx of people praising NXT has finally faded away? I don't know what to make of it but I think that it's quite obvious how we went from lots of people praising NXT to this. Did the developers stop paying the shills or something? Roll Eyes

Daedelus

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Quote from: inBitweTrust on January 17, 2015, 05:58:21 PM

...I'm certainly not a PoW ideologue.

I don't believe you Cheesy

Would you like some suggestions of other old threads to dig up for tomorrow? Grin

Damelon

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He already said Nxt can't be considered a scam.

As to dying a slow death, the price in relation to BTC doesn't support this claim.

Unless it's implied all coins are dying a slow death.

m30188

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Quote from: Hollowman338 on January 17, 2015, 07:46:58 PM

Quote from: inBitweTrust on January 17, 2015, 07:40:37 PM

Quote from: Hollowman338 on January 17, 2015, 07:22:55 PM

Quote from: lophie on April 28, 2014, 02:34:24 PM

I just noticed the dilution. I am very disappointed. NXT has no future but as a SCAM coin because of this. It is gicing more trouble than what it is trying to fix.

So this champion altcoin NXT is a scam because they've delivered time and time again, while scam shitcoins have risen and descended into ruin all around them, yet NXT remains..

..and you call it a scam.

You're a fucking moron, and I wonder if you realize that you've ruined whatever credibility you might have had by making that statement.

Do you realize it?

Does it physically hurt to be that stupid? I'm genuinely curious..

NxT may have had a questionable ICO and distribution, but certainly should not be considered a scam coin at this point.
The coin has been dying a slow death over the past year, even in relation to bitcoin's capitulation so probably isn't the best investment.

So please, enlighten us. What shitcoin that you're bagholding would you suggest everyone invest in?

If NXT is a scam, they're playing the longest "long con" I've ever seen.

Hollowman338

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Quote from: inBitweTrust on January 17, 2015, 07:40:37 PM

Quote from: Hollowman338 on January 17, 2015, 07:22:55 PM

Quote from: lophie on April 28, 2014, 02:34:24 PM

I just noticed the dilution. I am very disappointed. NXT has no future but as a SCAM coin because of this. It is gicing more trouble than what it is trying to fix.

So this champion altcoin NXT is a scam because they've delivered time and time again, while scam shitcoins have risen and descended into ruin all around them, yet NXT remains..

..and you call it a scam.

You're a fucking moron, and I wonder if you realize that you've ruined whatever credibility you might have had by making that statement.

Do you realize it?

Does it physically hurt to be that stupid? I'm genuinely curious..

NxT may have had a questionable ICO and distribution, but certainly should not be considered a scam coin at this point.
The coin has been dying a slow death over the past year, even in relation to bitcoin's capitulation so probably isn't the best investment.

So please, enlighten us. What shitcoin that you're bagholding would you suggest everyone invest in?

inBitweTrust

hero member

Activity: 658

Merit: 501

Quote from: Hollowman338 on January 17, 2015, 07:22:55 PM

Quote from: lophie on April 28, 2014, 02:34:24 PM

I just noticed the dilution. I am very disappointed. NXT has no future but as a SCAM coin because of this. It is gicing more trouble than what it is trying to fix.

So this champion altcoin NXT is a scam because they've delivered time and time again, while scam shitcoins have risen and descended into ruin all around them, yet NXT remains..

..and you call it a scam.

You're a fucking moron, and I wonder if you realize that you've ruined whatever credibility you might have had by making that statement.

Do you realize it?

Does it physically hurt to be that stupid? I'm genuinely curious..

NxT may have had a questionable ICO and distribution, but certainly should not be considered a scam coin at this point.
The coin has been dying a slow death over the past year, even in relation to bitcoin's capitulation so probably isn't the best investment.

Damelon

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Hollowman338

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Quote from: lophie on April 28, 2014, 02:34:24 PM

I just noticed the dilution. I am very disappointed. NXT has no future but as a SCAM coin because of this. It is gicing more trouble than what it is trying to fix.

So this champion altcoin NXT is a scam because they've delivered time and time again, while scam shitcoins have risen and descended into ruin all around them, yet NXT remains..

..and you call it a scam.

You're a fucking moron, and I wonder if you realize that you've ruined whatever credibility you might have had by making that statement.

Do you realize it?

Does it physically hurt to be that stupid? I'm genuinely curious..

inBitweTrust

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Activity: 658

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Quote from: Come-from-Beyond on January 17, 2015, 05:47:02 PM

Quote from: inBitweTrust on January 17, 2015, 05:37:21 PM

Other PoS coins are going to be targeted soon and with an end goal in attacking NxT eventually.

Luke-Jr ultimately proved that PoW is flawed by successfully killing few PoW coins.

PS: Others can use the same tricks as you. Cheesy

Agreed. Weaker PoW coins are vulnerable too. PoW is far from perfect but because of Bitcoins total hashrate it is far more secure than other coins.

I have been advocating adding a TaPoS layer in addition to PoW to bitcoin to further strengthen it, so I'm certainly not a PoW ideologue.

Come-from-Beyond

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Quote from: inBitweTrust on January 17, 2015, 05:37:21 PM

Other PoS coins are going to be targeted soon and with an end goal in attacking NxT eventually.

Luke-Jr ultimately proved that PoW is flawed by successfully killing few PoW coins.

PS: Others can use the same tricks as you. Cheesy

inBitweTrust

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Quote from: sadface on January 17, 2015, 05:18:55 PM

lets not forget the decentralized marketplace

Like bitbay, http://voluntary.net/bitmarkets/, and https://openbazaar.org/ with bitcoin?

About the PoS being secure....

PoS proponents said it couldn't be done and kept insinuating that one would have to purchase up most of the currency to perform the attack but here is one example of a successful attack being committed on a real coin that was staking at 10 %:

https://bitcointalksearch.org/topic/cleanup-ill-attack-some-coins-i-owned-apexcoin-for-90-blocks-897493

apexcoin attack successful with 0.07% of available supply (yes small, but the stake to destroy the coin was nothing!)

Quote from: cynicSOB on December 18, 2014, 02:38:37 PM

I'll tell you my theories anyway: the two PhDs who wrote that research have a clear nxt bias. Look at their hidden multibranch section: they say that they got 3/20 of 500 blocks with 10% stake. 3/20 of 500 is 75 blocks. They got 75 blocks! if people wait for 6 confirmations, I only need 6 blocks, not 75. So I can do with much less than 10% stake. Of course 10% stake means 10% of actively forging coins, which means 10% of 10% of supply. So, much less than 1% of supply to double spend. Of course that's still a few hundred BTCs for NXT so I'll start with a smaller coin.

I already bought a few coins... just wait until age is accumulated...

Other PoS coins are going to be targeted soon and with an end goal in attacking NxT eventually.

cryptardio

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i would not advice drop nxt this year. they have most features of all that work great. their wallet is amazing. 1.48

sadface

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lets not forget the decentralized marketplace

inBitweTrust

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Quote from: jones_ on January 17, 2015, 03:21:19 PM

differences in algos is pretty big, but there are a few key differences aside from the pos/tf situation.

Yes, there are indeed some strengths and weaknesses to PoS.

Quote from: jones_ on January 17, 2015, 03:21:19 PM

nxt has a thriving asset exchange with more good assets than any other platform.

If you are just discussing quantity of assets you would be correct, market cap assets would clearly go with Bitcoin as Mastercoin/counterparty/couloured coins all are bitcoin assets. The need for all these assets, debatable.

http://coinmarketcap.com/assets/

NxT
SuperNET    Nxt    $ 2,614,635
CoinoUSD    Nxt    $ 940,147

Bitcoin
MaidSafeCoin    Mastercoin    $ 12,375,317
Gems    Counterparty    $ 1,502,094
Swarm    Counterparty    $ 1,398,097
Storjcoin X    Counterparty    $ 837,643

Quote from: jones_ on January 17, 2015, 03:21:19 PM

we have the monetary system, which can be used like a side chains like system

Bitcoin has those too:
http://coincreator.net/
http://build-a-co.in/

Quote from: jones_ on January 17, 2015, 03:21:19 PM

next up in the queue is voting system, a way to get voter consensus in a decentralized way,

Bitcoin has those too:
http://www.bitcongress.org/
https://blog.agoravoting.com/index.php/2013/11/28/a-bitcoin-based-completely-distributed-voting-system/
https://coinist.co/counterparty/counterparty-assets

Quote from: jones_ on January 17, 2015, 03:21:19 PM

then there are 2 phased transactions, which are a very cool type of multisig.

This is just bitcoin multisig and nTimelock or nested mutisigs ... nothing new.

Quote from: jones_ on January 17, 2015, 03:21:19 PM

nxt has flexibility where bitcoin doesn't as it is using code from today, not from 6 years ago. It is light and agile

Over 60% of satoshi code has been changed and bitcoin is constantly evolving whether you are aware of not.
Java is not light and Agile compared to C++ and Bitcoin has multiple stacks and implementations interacting with the blockchain unlike NxT.

jones_

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Quote from: inBitweTrust on January 17, 2015, 03:13:43 PM

Quote from: jones_ on January 17, 2015, 02:53:31 PM

if you want to be rich by doing nothing, then your correct, nxt is not for you, manyy other cryptos would work much better for that.

but if you want to be on the cutting edge of decentralized crypto developments and build something really cool on a platform that was made to house and decentralize everything, then nxt is for you.

How do you define cutting edge if most developers and development is occurring in Bitcoin based start ups, projects , assets, and research? Are there any features/abilities NxT has that bitcoin doesn't besides discussing variations in algos?

differences in algos is pretty big, but there are a few key differences aside from the pos/tf situation.

nxt has a thriving asset exchange with more good assets than any other platform.
we have the monetary system, which can be used like a side chains like system
next up in the queue is voting system, a way to get voter consensus in a decentralized way,
then there are 2 phased transactions, which are a very cool type of multisig.

nxt has flexibility where bitcoin doesn't as it is using code from today, not from 6 years ago. It is light and agile

at least this is my take, feel free to have any opinion you want.

inBitweTrust

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Quote from: jones_ on January 17, 2015, 02:53:31 PM

if you want to be rich by doing nothing, then your correct, nxt is not for you, manyy other cryptos would work much better for that.

but if you want to be on the cutting edge of decentralized crypto developments and build something really cool on a platform that was made to house and decentralize everything, then nxt is for you.

How do you define cutting edge if most developers and development is occurring in Bitcoin based start ups, projects , assets, and research? Are there any features/abilities NxT has that bitcoin doesn't besides discussing variations in algos?

jones_

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Quote from: inBitweTrust on January 17, 2015, 12:51:50 PM

Quote from: NWO on January 06, 2014, 05:04:25 AM

Disclaimer: I own 50,000+ Nxt which will soon be GONE! I want out!

Looks like you made a smart move. Selling 50k Nxt on January 2014 got you 5.34BTC and if you tried dumping Nxt today you would only get 2.99 BTC.

Thus even with Bitcoin severely capitulating other crypto like Nxt is performing much worse and is in its death throws dropping to number 9 in market capitalization and as soon as ethereum is released and other assets like storj get released is likely to keep dropping to 11th and than 12th in a few months.

if you want to be rich by doing nothing, then your correct, nxt is not for you, manyy other cryptos would work much better for that.

but if you want to be on the cutting edge of decentralized crypto developments and build something really cool on a platform that was made to house and decentralize everything, then nxt is for you.

inBitweTrust

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Quote from: NWO on January 06, 2014, 05:04:25 AM

Disclaimer: I own 50,000+ Nxt which will soon be GONE! I want out!

Looks like you made a smart move. Selling 50k Nxt on January 2014 got you 5.34BTC and if you tried dumping Nxt today you would only get 2.99 BTC.

Thus even with Bitcoin severely capitulating other crypto like Nxt is performing much worse and is in its death throws dropping to number 9 in market capitalization and as soon as ethereum is released and other assets like storj get released is likely to keep dropping to 11th and than 12th in a few months.

farl4web

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If you like, you're welcome to join https://www.nxtforum.org and discuss your thoughts. We need to make everything about Nxt better all the time.

Topic: I'm dumping Nxt and here's why you should too - page 8. (Read 21266 times)