Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 462. (Read 941425 times)

No, according to me 5 years ago Bitcoin was a new concept for a potentially revolutionary for of payment. And I would probably would not have thought much of it except for another anarchistic pipe dream. Now if I would have given it some deeper mind, I would have probably been a converted very quickly. But there was no money to be made in bitcoin. For years. So that, in and of itself, separates it completely from NXT whose main if not only purpose was, as clearly evidenced, to make a very few amount of people a lot of quick money. By design. Proven by facts and by it's "distribution". PROVEN.

2.- No, it really doesn't matter who you are. It is clear that it is another scammer whether your scheme is already posted or not.

Me? I just trade on these scams trying to avoid getting too burned and hoping to find Bitcoin version 2 -the evolution of Bitcoin, that will correct some or all of its obvious flaws. No matter much who I am, because I am not scamming people nor pretend to be an honest anonymous individual while taking other people's money.

Think of me as someone that will expose alt scams as he sees them. And run with it.

I guess if I don't answer you the interested parties -you can find them and their schemes generally at the AE, with many more to come-, would continue to 'disperse", so I will try to summarize the evidence:

Call it what you like, this was not only pre-mined but given away to 70-odd wallets (which can easily be controlled by one or a handful of individuals). That should light up the reds in itself, more than a Christmas Tree. It wasn't advertised at all, of course, and it was "abruptly" interrupted when people started to show up for a piece of the action.

As a consequence, and as of now, the top 10 wallets hold almost 1/3 of all coins (do your math yourself to corroborate the absurd distribution, going down the food chain).

There's total anonimity -i.e.: no transparency whatsoever- and lack of accountability. This means they (or even "he") can do anything they want at any time, no strings attached.

Assuming they have not done anything improper until now, even assuming they will not do anything improper in the future, in itself, the coin and their investors are being hurt but such outrageous distribution. You can witness yourself the massive dumping by just following the balances of the wallets.
That dumping not only affects the price of the coin, but also the volume, the reluctance of the exchanges (Mintpal) and the liquidity of the coin.

All of the above, if you are dealing with the best, more honest, nicest group of individuals that have ever existed on the face of this earth.

Now, if some or all of them (assuming there are more than one), decides to actually manipulate the price (you know, sell off to be able to buy double for half, rinse and repeat) you have your investment at the entire whim of just a few people who not only have and continue scamming to get your money -and getting it- , but could take most if not all of it with the easiest, simplest of strategies.

I know I haven't given you the answers that you want, because you are a believer, a fan boy as it were, but since you asked...

1. So, according to you, 4 years ago, you would have called Bitcoin a scam? If not, then come back in 4 years and we'll talk. (Btw, we have businesses starting up in NXT right now as we speak)


Prove it. (In case you missed it, this example was to show how ridiculous your arguments were, you were asking me to prove something as equally ridiculous.)

2. It doesn't matter who I am, but I am one of those who are starting a business based on the NXT platform.

Who are you?

Pandaisftw

Nxt is like a magnet for freaks like Barabbas, it's amazing.

Why do you think it's a scam Barabbas?  just summarize for us.

-bm

But I am just starting out... I have investigated only 3 coins. 3 outright scams. NEXT being the most recent....

you can follow me to DARK next. I'll most certainly will post my findings. After that, Master... on the outside chance you may want to really find out what's going on.

Now, here, we all do.

Sorry, no debates here when you begin with fud. Only harsh treatment from Nxt.

This guy has all the markings of a troll with an agenda. Don't bother explaining anything to him. One look at his past posts in other threads show he is a provocateur and cannot be reasoned with.

He is a pest to be dealt with accordingly. At least Elmo brought a little comedy into the mix.

Actually, your answer is totally ridiculous and argumentative.

1.- Minimal as it is, BTC is a global phenomenon on which several -and growing- real life business are based. It has staying power proven through years of all kinds of attacks and manipulations and a clear path as to what it is, it represents and who the face of it is (The Bitcoin Foundation, with names and addresses, physical ones, as well and TAX IDs attached to it... none of which applies to NXT). Additionally, hundreds of independent organisms and enterprises do control who is mining and how much are they mining. So your point comparing NXT to BTC is utterly ridiculous, ok?

2.- You (who are you, by the way?) may have spoken to "some of these holders" or "Yoda" for all I care. It is argumentative and doesn't add any transparency to the conversation. Either put up or, kindly, shut up.

also we're still not clear that the ECC curve used in Bitcoin is safe, whereas the NXT curve 25519 was created by David Bernstein, long time activist/cypherpunk figure.

-bm

Looks like someone wants to drive the price down to get some cheap Nxt.

They stated how much they own, you can beleive it or not. But how do you want to be transparent about a system that was set up to protect anonymity. Do you know who owns a certain 10000 BTC address? Do you know who owns a 50 mil NXT address? No!

Do you care? Apparently. Why? I don't know, because you obviously don't own NXT, don't plan on ever doing it.

How can you prove that 90% of the bitcoin hash power isn't owned by the NSA? Oh, you mean that anonymous miners told you they own a rig? Have you actually talked to 90% of miners to manually add up their hash power? I don't think so.

Your arguments are ridiculous.

I have spoken to some of these holders, and yes, they are real people just like you and me.

Pandaisftw

This is no logically valid argument. You base your "theory" on the fact that
a) the people would instantly sell all their NXT for peanuts
b) that the people would buy those NXT ever again, after they know what just had happend

Explain a) and b)

It would be called transparency... but you don't wanna know anything about that would you?

For just this once more, I'll entertain you questions. Either you are capable of debate in a polite AND educated manner, or just go on to your scams and leave me alone, ok?

Final answer to the "question": An attack would cause total panic and the price would go to near ZERO. Since the only millonaires in NEXT are the person or persons who control those top wallets -including the ones that have sold most of their coins- the could easily buy back for peanuts all existing coins. And, in actuality, since they perpetrated the attack and have total control of the network, no actual damage, let alone "destruction", would have happened at all.

Oh, but since "they" are all saints and one of them actually doesn't even own one NEXT (the founder), as some would lead you to believe, they are not going to do that, are they? They are such nice people...

Since when do people have to disprove claims instead of the claimers have to prove things?

Oh and it is so incredibly funny when someone pretends to know how many NXT the founder or the developers have... really. how do you know, because they have stated so on a forum, anonymously? Let me quote a full post that reflects my thoughts exactly, under the linked, totally misleading, infographics:

"do you work in NSA or do have some prove that these 76 or 71 people were different human beings and not only 1 or 2 developers?

you don't even have IP addresses of that userids so what make you believe that you can rely on relatively anonymous posts on bicointalk where anyone can have so many identities which he is able to use??

So how can you know how many altcoins/NXT BCnext have??"

You may write in a calm and friendly way, but you are full of shit.

You think that the top 20 would consider attacking the network and harming it ,but you have not stated a single logically valid argument as to why they would do it. You said that they could take away a persons money. Now, tell me how they would do it? You said, that they could take someones money and just say someone hacked them or stole it. HOW WOULD THEY DO IT? Either you don't understand a 51% attack or you are a troll.

Explain yourself..

Yet you ignore that 0.1% of wallets own 50% of all Bitcoins in circulation? They could all "decide together" to dump all $3bil, too. But they wont. Big holders of NXT will not either. It's not baffling, you're suffering from cognitive dissonance.

And no, the top holders are not the devs.

Btw, it's known that Sataoshi holders over 1 Million Bitcoins, which is ~15% of Bitcoins in circulation, does this concern you as well?

Pandaisftw

But that dear James is wanting to assume that those top 20 holders will not be the perpetrators of the attack... which makes the whole point.

But of course, like Twin here, you are on to your own scams, so please do carry on...