| Nxt | Blockchain Platform | Proof of Stake | Official - page 483.

Daedelus

hero member

Activity: 574

Merit: 500

Quote from: msin on May 09, 2014, 05:20:55 PM

Quote from: ?? on ??

Nope because it doesn't change the problem that the Dev just instantly created ALL the coins like a GOD and gave them to himself and his entire business team and then convinced all you gullible yaps to pay him for his digital bits. Hopefully I will help 1 person not fall for this scam and every other POS scam coin that follows this one. The dilution is infinite with all these coins.

I was going to invest in Nxt until I saw your insightful posts, all I have to say is thank you. I will now go buy $30k of mining equiment and mine dark coin. Thank you for changing my life.

lol

farl4web

legendary

Activity: 1205

Merit: 1000

We create Nxt together, I you want to help/develop, just join and ask for a bounty an the committee. Everything is possible in Nxt, that's the cool thing. Bitcoin is just …. Bitcoin. (a bit boring)

msin

legendary

Activity: 1470

Merit: 1004

Quote from: ?? on ??

Nope because it doesn't change the problem that the Dev just instantly created ALL the coins like a GOD and gave them to himself and his entire business team and then convinced all you gullible yaps to pay him for his digital bits. Hopefully I will help 1 person not fall for this scam and every other POS scam coin that follows this one. The dilution is infinite with all these coins.

I was going to invest in Nxt until I saw your insightful posts, all I have to say is thank you. I will now go buy $30k of mining equiment and mine dark coin. Thank you for changing my life.

achimsmile

legendary

Activity: 1225

Merit: 1000

Quote from: Cassius on May 09, 2014, 05:10:29 PM

We need some regularly updating graphs of distribution to answer this perennial complaint. (I've seen one infographic but it will be out of date now.)
Do we have figures on how many people use NXT? Clients running would be a start though obviously not the whole of it. And/or a blockchain analysis to find out how many addresses are in use.
I guess these things are fairly easy to do but I'm not sure how to go about it.
This would be something it would be great to track to measure adoption, anyway.

I like the charts over at nxtcrypto: http://charts.nxtcrypto.org/cDistributionTopAccount.aspx

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: Daedelus on May 09, 2014, 05:03:50 PM

What percentage of Nxt went to 'the devs'?

Zero went to dev

The rules were the same for everyone. There were no special "percentage" for the dev

salsacz

hero member

Activity: 490

Merit: 504

Quote from: ?? on ??

Nope because it doesn't change the problem that the Dev just instantly created ALL the coins like a GOD and gave them to himself and his entire business team and then convinced all you gullible yaps to pay him for his digital bits. Hopefully I will help 1 person not fall for this scam and every other POS scam coin that follows this one. The dilution is infinite with all these coins.

Dev created only a source code. Dev got 0 Nxt coins.

We are the Nxt community. We took care of the Nxt and made it succesful. Nxt is not a product of the source code that provided dev. Nxt is now a product of the community.

sparta_cuss

sr. member

Activity: 386

Merit: 250

Quote from: ?? on ??

Quote from: Grillo on May 09, 2014, 12:40:13 PM

Quote from: ?? on ??

Quote from: Daedelus on May 09, 2014, 10:17:34 AM

Quote from: medicine on May 09, 2014, 10:14:28 AM

Quote from: ?? on ??

Quote from: bitcoinpaul on May 09, 2014, 10:01:52 AM

Relax. Want steady growth. I hate this.

I agree. I think now would be a good time for the super-whales to drop a few million on the exchanges, keep the price from shooting up too fast. This would kill 2 birds with one stone, making another quantum leap in improving distribution.

I'm afraid this will become a fatal flaw. The people holding the coins aren't going to distribute them FYI.
I hate to be negative because there are so many cool things happening with NXT, but I can't get over people still holding 5-10% of total coins.

There should be a second official round of distribution where like 1000 people can receive coins and distribute them to everyone they know.

Where would the coins come from?

THIS IS THE PROBLEM WITH ALL THESE POS COINS. The developers of the coins can and do gift themselves massive percentages of the "money" and then act like they are being generous by handing out coins to others. To buy the coins where did the coins come from in the first plac? The guy just made them up and put them in his wallet them loaded them up to an exchange and then asked everyone to PAY HIM for his worthless virtual bits called NXT that he gifted himself. It's the greatest scam in history.

This is the fundamental flaw with POS.

You can still mine NXT at http://nxtpool.net/ so we can say NXT is a second generation POW coin if it makes you happier..

Nope because it doesn't change the problem that the Dev just instantly created ALL the coins like a GOD and gave them to himself and his entire business team and then convinced all you gullible yaps to pay him for his digital bits. Hopefully I will help 1 person not fall for this scam and every other POS scam coin that follows this one. The dilution is infinite with all these coins.

You are thinking only like a speculator* and not like a user. Nxt does not pretend to be an asset to be hoarded and sold at some later date, like gold, but is rather a usable set of instructions and "languages" that can be used to create products and services of value. If some people hoard so that they can later sell at a higher price, then so be it. All of us will probably do some of that. But it only becomes valuable because developers and entrepreneurs leverage the software to create things that never before existed, things that people actually want. This is happening right now - take a look at the forum and see how many services are being created that that exist nowhere else in the world (at least not in just this way).

*speculator: someone who knows the price of everything and the value of nothing.

Cassius

legendary

Activity: 1764

Merit: 1031

We need some regularly updating graphs of distribution to answer this perennial complaint. (I've seen one infographic but it will be out of date now.)
Do we have figures on how many people use NXT? Clients running would be a start though obviously not the whole of it. And/or a blockchain analysis to find out how many addresses are in use.
I guess these things are fairly easy to do but I'm not sure how to go about it.
This would be something it would be great to track to measure adoption, anyway.

Daedelus

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

Quote from: Grillo on May 09, 2014, 12:40:13 PM

Quote from: ?? on ??

Quote from: Daedelus on May 09, 2014, 10:17:34 AM

Quote from: medicine on May 09, 2014, 10:14:28 AM

Quote from: ?? on ??

Quote from: bitcoinpaul on May 09, 2014, 10:01:52 AM

Relax. Want steady growth. I hate this.

I agree. I think now would be a good time for the super-whales to drop a few million on the exchanges, keep the price from shooting up too fast. This would kill 2 birds with one stone, making another quantum leap in improving distribution.

I'm afraid this will become a fatal flaw. The people holding the coins aren't going to distribute them FYI.
I hate to be negative because there are so many cool things happening with NXT, but I can't get over people still holding 5-10% of total coins.

There should be a second official round of distribution where like 1000 people can receive coins and distribute them to everyone they know.

Where would the coins come from?

THIS IS THE PROBLEM WITH ALL THESE POS COINS. The developers of the coins can and do gift themselves massive percentages of the "money" and then act like they are being generous by handing out coins to others. To buy the coins where did the coins come from in the first plac? The guy just made them up and put them in his wallet them loaded them up to an exchange and then asked everyone to PAY HIM for his worthless virtual bits called NXT that he gifted himself. It's the greatest scam in history.

This is the fundamental flaw with POS.

You can still mine NXT at http://nxtpool.net/ so we can say NXT is a second generation POW coin if it makes you happier..

Nope because it doesn't change the problem that the Dev just instantly created ALL the coins like a GOD and gave them to himself and his entire business team and then convinced all you gullible yaps to pay him for his digital bits. Hopefully I will help 1 person not fall for this scam and every other POS scam coin that follows this one. The dilution is infinite with all these coins.

What percentage of Nxt went to 'the devs'?

How is dilution possible when the number of Nxt is hardcoded?

Daedelus

hero member

Activity: 574

Merit: 500

Quote from: ?? on ??

Quote from: Ezravdb on May 09, 2014, 12:35:49 PM

Stop moaning about the distribution and FOCUS on NOW and the TECHNOLOGY, which is about to revolutionize the digital world!!

Stupid FUD'sters, you'll never get rid of them

Just like haters haha

Buy FUD'sters aren't haters, deep inside they love the coin Cheesy

WRONG. The entire concept that i can create a money, then obviously give myself as much as I want. Then go peddle this worthless "money" to others claiming that it is a currency or an investment is the epitomy of a snake oil salesman.

Atleast with Proof of Work,you have to mine or create the money and everyone has their opportunity to mine it. With POS it is a complete scam....EVERYTIME. P.S. Money does not pay interest so that is your clue that it is a scam coin.
Unfortunately many of the kids on here that like cryptocurrencies are easily taken advantaged of and tricked into buying worthless bytes and bits that a DEV can print at his leisure over and over again just by launching new POS scam coin after scam coin.

It's not a coincidence that POS also stands for Piece of Sh!T.

You didn't answer my question, I had to do it myself. Do you want to have a go at it?

Nxt does not pay interest. You are thinking of Blackcoin/Whitecoin/Yellowcoin/Asiacoin/CinniCoin et al that are forks of Novacoin and ultimately Peercoin. I assume you hail from one of these?

Nxt is brand new, it is non inflationary and never can be, and our devs have been with Nxt and only Nxt from the start. Have you read anything about Nxt? And we have a lot of experience in dealing with Fudsters Cheesy

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: PL_CoinTrader on May 09, 2014, 03:20:08 PM

It's getting obvious that NXT is a real threat for other cryptos. One could observe that many BC guys hate NXT for no reason and now bitcoin users try to denigrate NXT. I mean, it's true that the IPO wasn't really fair and that the distribution of NXT is rather bad. But it's the same with many other cryptos especially bitcoin. And I think more people could have invested but it's not NXTs fault that people weren't interested that time.

Nxt distribution model is one of the reasons of Nxt success, because whales pledged huge amounts of money for development and marketing.

Also most people don't buy anything cheap anyway because they're stupid. Like I was when I had a chance to buy 1M Nxt for 3 BTC. I got offer, all I had to do is sell all ZTE and QRK and buy that million. But I didn't, I only bought 200K. Is the BCNext's fault? No, it's my fault. So I don't take all those assholes bitching about Nxt distribution seriously. They're just trolls and losers.

msin

legendary

Activity: 1470

Merit: 1004

Quote from: CurbsideProphet on May 09, 2014, 03:00:12 PM

You can love the tech and still hate the distribution. The tech is easily copyable, it's not like Nxt has any sort of significant market share or user base yet. Right now I see the tech as interesting but the whole IPO process is really dodgy especially since the guy who created it has run off.

So would you rather see an IPO that raises $3Mil in 24 hours like Maidsafe? To me all large IPO's are very dodgy. Most Cryptos are all about IPO profit, which they disguise as "Fair Distribution" It's all a bunch of bullshit. Nxt IPO lasted two months where anyone could have invested, the total amount was 21 BTC. There was no founder distribution, all Nxt went to BTT users (like you and me) that had invested in Nxt. These people weren't insiders or founders. They were lucky to invest, and obviously it would have been nice to have more than 72 people invest, but that was all that were willing to invest at the time. People were too cautious to invest and then complain that distribution wasn't good.

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

I would even bet that no direct clone of NXT will ever overtake NXT marketcapitalisation.

It is more like LTC and Doge. They just coexist, but longterm they are extremely irrelevant.

PL_CoinTrader

full member

Activity: 226

Merit: 100

It's getting obvious that NXT is a real threat for other cryptos. One could observe that many BC guys hate NXT for no reason and now bitcoin users try to denigrate NXT. I mean, it's true that the IPO wasn't really fair and that the distribution of NXT is rather bad. But it's the same with many other cryptos especially bitcoin. And I think more people could have invested but it's not NXTs fault that people weren't interested that time.

dzarmush

legendary

Activity: 1806

Merit: 1001

Quote from: CurbsideProphet on May 09, 2014, 03:00:12 PM

The tech is easily copyable

Ha-ha. Haven't you learnt anything since June 21, 2011?

chanc3r

sr. member

Activity: 952

Merit: 253

Quote from: CurbsideProphet on May 09, 2014, 03:00:12 PM

You can love the tech and still hate the distribution. The tech is easily copyable, it's not like Nxt has any sort of significant market share or user base yet. Right now I see the tech as interesting but the whole IPO process is really dodgy especially since the guy who created it has run off.

Tech is useless without the community ... try copying that, if you copy just the tech - you will always be a follower...

Voluntold

full member

Activity: 168

Merit: 100

Quote from: CurbsideProphet on May 09, 2014, 03:00:12 PM

...especially since the guy who created it has run off.

Hmmm... quite similar to say.... bitcoin

CurbsideProphet

hero member

Activity: 672

Merit: 500

Quote from: Ezravdb on May 09, 2014, 12:35:49 PM

Stop moaning about the distribution and FOCUS on NOW and the TECHNOLOGY, which is about to revolutionize the digital world!!

Stupid FUD'sters, you'll never get rid of them

Just like haters haha

Buy FUD'sters aren't haters, deep inside they love the coin Cheesy

You can love the tech and still hate the distribution. The tech is easily copyable, it's not like Nxt has any sort of significant market share or user base yet. Right now I see the tech as interesting but the whole IPO process is really dodgy especially since the guy who created it has run off.

ChuckOne

sr. member

Activity: 364

Merit: 250

☕ NXT-4BTE-8Y4K-CDS2-6TB82

Quote from: Ezravdb on May 09, 2014, 01:28:47 PM

BTER 1 hour downtime!

In the meantime, you can help on thunderclap. Wink

Ezravdb

hero member

Activity: 1680

Merit: 506

Trphy.io

BTER 1 hour downtime!

Topic: | Nxt | Blockchain Platform | Proof of Stake | Official - page 483. (Read 941260 times)