Topic: NEM and NXT conspiracy? (Read 3723 times)

You are talking about stocks and houses, seems to be a bit off-topic to me! 

Investing in crypto currencies is not like buying a house, which has an intrinsic value. But the topic here is "should you invest in nem, because of the bad distribution of nxt?"! My opinion is that nem will be a copy cat of nxt and therefor will have a long way until it will overtake nxt, if ever.

I'm assuming u're talking not about investitions (generating interest), but about speculations (price growth for long positions). I'm sure better keep it splitted.

Well then,  that's a hypocritical statement.  Your obviously diversified in other coins.  exocoin at this stage is a bit like NEM,  still in the works. 

So you have two houses in a neighborhood,  one house sold for $50,000,000 .  Another house goes for sale with the exact characteristics as the first house.  It is being sold for $50,000....  clearly that sounds like a bargain.   People over think this stuff!

No, actually I am saying "There is no point investing in yahoo if you are already invested in google". 

BTW I am invested in bitcoin, namecoin, primecoin, nxt and exocoin...

Agree here.

There are multiple considerations on how to distribute a coin. 

The long term consideration of building transaction if of course extremely important.  NEM has done a decent job of getting interest of 3,000+ participants.  That's quite good comparable to Nxt with an original 72 participants.

NEX by contrast has 150 participants who have pledged 780,000 Nxt and 1,000 email based interested participants.   It is still early stages, but I am sure with a working prototype, we expect greater participation.  There is of course a difference in how NEM and NEX are raising funds.   NEX does not collect funds until actual proof of delivery.  I'm not saying it is better,  it is just different.

That is like saying, "There's no point in investing in google if you are already invested in yahoo".

At this very early stage, everything is up for grabs.  You never know which coin is going to go gangbusters.  I for one never expected DOGE coin to explode.   

So as an investment strategy,  I encourage folks to diversify.

Consider for example one of the first coins we built.... ZenithCoin... it has been around since June 2013 (one of the earlier alt-coins).   But it only has been listed lately and exchange and is at the bottom of www.coinmarketcap.com  .  Now it is really cheap at under $25,000 total,  but you will just never know if it goes up 10x at 250,000 or 100x at 2.5m.   

We also spend effort maintaining the 2nd oldest altcoin... IXCoin... it has been around for 3 years,  we like the fact that it has a ridiculous hash rate of around 15 peta hashes. 

There is also the coin NEX that is under heavy development.  We've taken a lot of the ideas on Bitcoin's wishlist and of other 2nd gen currency and created an innovative new platform. 

The point is,  don't put all your eggs in one basket.  The situation is very fluid and you want to be position in different places.

Agree entirely.

Also,  Nxt is supposed to be open source,  so just like Bitcoin, copying and improvements of the code base is an assumption.  Calling that copying 'immoral' tells you the guy who made the quote has no clue what 'open source' means.

Finally, crypto-currencies are all about competition.  If a coin can't keep its value if it gets copied,  then that's just how it is.  Bitcoin gets copied all the time.   Its value still looks pretty good despite all the alt-coins out there.  On the flip side,  a lot of alt-coin also have extreme valuations. 

Agree. Nxt is going upward though there are fluctuations.

I am invested in nxt, but not a stakeholder (I came too late to the party).

I have read a lot about the unfairness of nxt distribution, about 70 stakeholders (the whales) hold the majority of coins. If you look at the nxt charts, you could sure get the idea that the whales are dumping every time nxt are rising! Even if there is no proof for this theory, I strongly believe it. But I also believe that the whales finally will slow down the dumping and become holders when they realize that there is long term value in nxt. So all will be good in the end for nxt investors, even the small fishes like me! 

tl;dr
There is no point investing in nem if you are already invested in nxt. Stay calm, watch nxt rising slowly!

You have led it down the road of confiscation and mob rule.

I'm reading and writing about Nxt at 4-5 places. BTT - one of them. I suppose vast majority of Nxters wants to stay here (habit + network effect), but it's up to BTT's admins. They're already thinking about cutting off whole Altcoin branch.

Who exactly? May be u're talking about trolls, who're part of every big enough project? I don't see wide behavior like this.

That ones who wants to develop PoW-coin on top of Nxt don't care about mining. For example, I do, I don't wanna such coin to be implemented, but it's free market. What about other PoS-coins? Its (PPC/NVC) PoS-mining different from Nxt's forging and discussion from time to time continues what is the best and more secured. Both better than PoW-mining (IMO) for sure.

I'm not so easy annoyed by non-contentext ads, but I partitially agree with u: sometimes Nxt as topic comes spammy in hand of some guys. Well, it's up to us how to deal with it. I hope there'll be much less anything like that in every crypto, incl. NEM and eXo, but there still no difference in "fairness": beauty about crypto-currency - u don't have to care who else included in any (in every popular there'll be a huge amount of pure spammers and other bad guys, if NEM, for example, will get popular - they'll come into NEM).

I'm reading not so long ago how one of bitcoiners was upset that Bitcoin not a circle of friendly well-known geeks anymore. U're acting like him, IMO.

If you are a trader, then yeah I get what you're trying to say, but I couldn't care less. tbh, I'm just a bit fed up of the Nxt shills starting BS threads to make their cultist garbage relevant in this forum. They want to beat BTC but need the Btctalk forum. They are against exchanges but shill for being traded at cryptsy. They are anti-mining and attack BTC or Doge, but conveniently forget the coins that are in a mainly PoS phase and even offered for Nxt to be an accepted currency for the rental of mining rigs!!

If I come across opportunities to make a few coins and that happens to be out of trading Nxt, I'm not going to be the "socialist" idiot that leaves money on the table. But quite frankly, this hypocritical charade is becoming very similar to the shill threads of false experts suggesting that "you" should buy Worldcoin or Doge or any other coin they want to dump. This is getting to the level of annoying spam! In that sense, NEM and others > Nxt. That also reflects on the way they make other kind of effort on the initial distribution and many other aspects, my post regarding that other coin is actually a side point on the bigger context

Thx.

Well: my opinion - same wealth-based distribution. And I don't get much why for people so important distribution behind (or parallel with) trading. At capitalism trading always brings us wealth-based distribution of the asset in the end. Meh, but I can live with that.

I mean not by ideology, but by interacting with world. Do u buy (food, bandwidth, coins, don't matter), do u sell (time, effort, product, service, coins etc)? Do u not create barriers for free markets? In my estimation this is capitalist's actions, whatever u call yourself.

That's no fair affair in this space now, all trying to grab as much as they can, new gold rush in internet era.

It is not "debutable"; it's debatable. In the sense that it one can discuss if alternatives are still bad or already decent, but at least that (and NEM, it seems) surely suck less than Nxt.

Then who said other people are capitalists just because you are? I'm an hobbyist and don't care about speculation or ideology.

I have to give you credit for being consistent. The concept of "fairness" belongs to a moralistic category which for some philosophers mean absolutely nothing. Debates on the the concept of "equality" is equally controversial and problematic.
The liberal philosophy understanding of "equality" in the phrase "liberty, equality and fraternity" has a limited meaning that everyone should have an equal rights before law.

I has steered NEM fundraising away from any claims of being "fairest" or "most equal". The main goal of NEM fundraising is to build a community and secondary goal is to have a decent amount of development fund. I achieved that by spreading NEM as widely and equally as possible (but not perfectly equal).  We will also focus on the principles of egalitarianism and charity but will also consider other practical considerations. Any competition toward being "fairest" or "most equal" without building community and considering other practical issues is pointless, imho.    

I don't see how it's "debatable fair" at all. Just another asset (relative more or less valuable) for capitalists, we all are here.

I read this an laughed my ass off. Then I read his past posts. I had tears in my eyes laughing!!

NEM is not a copy of NXT any more than NXT is a copy of emunie.

So, because you used the word movement to describe NXT, any slogan with the word movement in it is stolen from you? Makes sense...