Anybody can doubt and question Nxt,but first you should read the more than 900 pages' thread https://bitcointalksearch.org/topic/nxt-descendant-of-bitcoin-updated-information-345619
then you will have more reason to doubt.
Otherwise,you looks like ignorant
Topic: NXT coin - A total scam? - page 14. (Read 49715 times)
I think the anonymous founder who doesn't even speak and has his paragraphs paraphrased for him to conceal his identity is suspicious.
I think everyone is being taken on a ride. The classic long con.
Are you referring to Satoshi? I think everyone is being taken on a ride. The classic long con.
Just because Bitcoin has an anonymous founder, it doesn't exempt Nxt from the transparent norm.
I think the anonymous founder who doesn't even speak and has his paragraphs paraphrased for him to conceal his identity is suspicious.
I think everyone is being taken on a ride. The classic long con.
Are you referring to Satoshi? I think everyone is being taken on a ride. The classic long con.
I think the anonymous founder who doesn't even speak and has his paragraphs paraphrased for him to conceal his identity is suspicious.
I think everyone is being taken on a ride. The classic long con.
I think everyone is being taken on a ride. The classic long con.
Not matter how you try to spin it, "100% PoS" is already done by the hybrids, as they all have a PoW reward going towards zero. However they try to allocate the initial coins in a decentralized way and try to avoid concentrating holdings. There is nothing innovative about having a centralized allocation of initial coins.
There is a big difference between "100% PoS" and "near-100% PoS".
Well you can have a hybrid that uses PoW only for initial distribution and than later DOES become 100% PoS. Central distribution is a b1tch.
Yeah that was obviously my point. Do I need to say it again? This does not count as innovation, you're just removing stuff and making it worse.
I would admit that u r right but posts like http://www.reddit.com/r/peercoin/comments/1tz3na/the_top_100_richest_addresses_own_6158_of_all/ make me to doubt...
Well you can have a hybrid that uses PoW only for initial distribution and than later DOES become 100% PoS. Central distribution is a b1tch.
What is the difference between burning electricity and spending bitcoins? Each bitcoin is backed by already burnt energy.
Well yes it sucks, look at that unfair bitcoin distribution. But still better than centralized distribution. And if this energy burning is only for the first lets say 3 months, than not much energy is wasted, it just distributes initial money acording to people risking their energy bill. And what does centralizred distribution do? It distributes it among the first that gave practically nothing for it.
I have no problem with developer getting as much as maybe 5-10% of all money existing, but random early people, cmon...
Well you can have a hybrid that uses PoW only for initial distribution and than later DOES become 100% PoS. Central distribution is a b1tch.
What is the difference between burning electricity and spending bitcoins? Each bitcoin is backed by already burnt energy.
Not matter how you try to spin it, "100% PoS" is already done by the hybrids, as they all have a PoW reward going towards zero. However they try to allocate the initial coins in a decentralized way and try to avoid concentrating holdings. There is nothing innovative about having a centralized allocation of initial coins.
There is a big difference between "100% PoS" and "near-100% PoS".
Well you can have a hybrid that uses PoW only for initial distribution and than later DOES become 100% PoS. Central distribution is a b1tch.
Not matter how you try to spin it, "100% PoS" is already done by the hybrids, as they all have a PoW reward going towards zero. However they try to allocate the initial coins in a decentralized way and try to avoid concentrating holdings. There is nothing innovative about having a centralized allocation of initial coins.
There is a big difference between "100% PoS" and "near-100% PoS".
Miztaziggy missed out on and he is now dedicated to trolling.
hold 
this
remember a 100 percent distribution at Genesis is the only way to secure a 100 percent proof of stake coin
Hold and wait for the features
See the link below for a very Interesting Article (as well as a wonderful Crypto News site) that shed a lot of light on what Nxt is claiming to be. This was News to myself. I can only imagine it will be to many others too.
--------------------------------------------------------------------------------------------------------------------------
NXT Official Launch NXT Generation of Cryptocurrency Begins Now
==========================================
Posted on January 3, 2014 by CryptoMaster
http://cryptosource.org/nxt-official-launch--nxt-generation-of-cryptocurrency-begins-now/
"...NXT breaks alt coin history by being 100% new Proof of Stake (PoS) code, 100% green, completely decentralized, and fast..."
"...NXT offers cutting edge features such as instant transaction confirmations, decentralized DNS/Trading, and Transparent Mining..."
"...NXT is the NXT generation digital currency that is in a league all its own..."
"...all-new 100% Proof of Stake (PoS) code base, NXT is not an alt coin based off Bitcoin code. NXT takes a different approach launching with many groundbreaking features..."
"...NXT is 100% PoS which means no mining takes place in the traditional sense. Instead, NXT is earned by clients collecting transaction fees for securing the network and processing the transactions. This leads to a 100% green(low energy) “mining” that is environmentally friendly..."
http://cryptosource.org/nxt-official-launch--nxt-generation-of-cryptocurrency-begins-now/
====================================================================
After learning all that I am in favor of Nxt.
------------------------------------------------
Nxt seems poised to have earned a spot in this "Decentralized Crypto-Currency Revolution", even though it started out in a novel fashion.
That said since there are so darn many Nxt in existence at about a Billion Nxt! (999,997,986 Nxt).
I will patiently wait until their price much better reflects their overwhelming amounts considering demand versus supplies. But the concept, foundation and key focus on Nxt makes it a Masterpiece in my own mind. I don't care a wit if others disagree at all. It will get dispersed, and in time be fully decentralized.
Sooner or later Nxt will get spread around, just like the others.
Some really sharp things are in Nxt. Things I didn't have a clue about. It's a slam dunk if marketed well. But first it needs to be distributed for a fair value marketplace price. I believe it's just far too highly valued at the present time, but hey, I could be absolutely wrong. Still I haven't rushed into them nor ever owned any of them. But I do like them. All Billion or so of them, lol...
I don't discriminate against any crypto's. I have labeled about a dozen so far as Masterpieces for one set of reasons or another, or maybe just being ground breaking, or having a wonderful focus. Each for various reasoning. Maybe some of which others would laugh over. That's okay. That's what makes a real Free Marketplace, and not a Controlled, Centralized Fascist Nightmare.
Nxt - it has my attention. But there are so darn many Nxt. I will accumulate some later, hopefully at a much more fair exchange rate. Speaking of which I voted for Nxt to get put on Cryptsy even though it wasn't on the list and well I don't own any Nxt, never have, just like I already mentioned. But some day I hope to join in being a currency holder of them too.
Wish I would have tossed a dash into that pot when Nxt started out looking back but hindsite is always 20/20, or that's the saying. Back then the explanations were not so well described, or so it seems. Maybe I missed the finer points. Oops.
At any rate flame away I don't care.
Nxt is yet another Masterpiece, even with it's odd creation without Proof of Work (PoW) to get it launched.
Sadly many scammers will attempt the same approach and end up stealing a lot from many a speculator seeking the same thing as the early adoptors of Nxt. At least that's my best guess. And I for one wont be taking the bait either. Nxt it is. The rest need to at least start out their beginning in PoW mode as far as I am concerned, but whatever. Otherwise I will dismiss them just like I did Nxt, and merely for concerns of being scammed out of what could be a giant sum in the not so distant future, maybe.
I just called it like I saw it here with Nxt. But for myself it will have to wait, just like for all good things.
P.S. I skipped reading this thread, but I have been researching and scoping out Nxt this last week. After all it's our own opinions that matters most, unless of course everyone else hates the thought.
So anyway, this was just a PSA in case anyone didn't realize that awesome article on Nxt was there, or for that matter that great Crypto News Site spelled http://cryptosource.org/ - and no, I have nothing to do with them except their articles there get reviewed by myself quite regularly.
Caveat emptor - let the buyer beware!
--------------------------------------------------------------------------------------------------------------------------
NXT Official Launch NXT Generation of Cryptocurrency Begins Now
==========================================
Posted on January 3, 2014 by CryptoMaster
http://cryptosource.org/nxt-official-launch--nxt-generation-of-cryptocurrency-begins-now/
"...NXT breaks alt coin history by being 100% new Proof of Stake (PoS) code, 100% green, completely decentralized, and fast..."
"...NXT offers cutting edge features such as instant transaction confirmations, decentralized DNS/Trading, and Transparent Mining..."
"...NXT is the NXT generation digital currency that is in a league all its own..."
"...all-new 100% Proof of Stake (PoS) code base, NXT is not an alt coin based off Bitcoin code. NXT takes a different approach launching with many groundbreaking features..."
"...NXT is 100% PoS which means no mining takes place in the traditional sense. Instead, NXT is earned by clients collecting transaction fees for securing the network and processing the transactions. This leads to a 100% green(low energy) “mining” that is environmentally friendly..."
http://cryptosource.org/nxt-official-launch--nxt-generation-of-cryptocurrency-begins-now/
====================================================================
After learning all that I am in favor of Nxt.
------------------------------------------------
Nxt seems poised to have earned a spot in this "Decentralized Crypto-Currency Revolution", even though it started out in a novel fashion.
That said since there are so darn many Nxt in existence at about a Billion Nxt! (999,997,986 Nxt).
I will patiently wait until their price much better reflects their overwhelming amounts considering demand versus supplies. But the concept, foundation and key focus on Nxt makes it a Masterpiece in my own mind. I don't care a wit if others disagree at all. It will get dispersed, and in time be fully decentralized.
Sooner or later Nxt will get spread around, just like the others.
Some really sharp things are in Nxt. Things I didn't have a clue about. It's a slam dunk if marketed well. But first it needs to be distributed for a fair value marketplace price. I believe it's just far too highly valued at the present time, but hey, I could be absolutely wrong. Still I haven't rushed into them nor ever owned any of them. But I do like them. All Billion or so of them, lol...
I don't discriminate against any crypto's. I have labeled about a dozen so far as Masterpieces for one set of reasons or another, or maybe just being ground breaking, or having a wonderful focus. Each for various reasoning. Maybe some of which others would laugh over. That's okay. That's what makes a real Free Marketplace, and not a Controlled, Centralized Fascist Nightmare.
Nxt - it has my attention. But there are so darn many Nxt. I will accumulate some later, hopefully at a much more fair exchange rate. Speaking of which I voted for Nxt to get put on Cryptsy even though it wasn't on the list and well I don't own any Nxt, never have, just like I already mentioned. But some day I hope to join in being a currency holder of them too.
Wish I would have tossed a dash into that pot when Nxt started out looking back but hindsite is always 20/20, or that's the saying. Back then the explanations were not so well described, or so it seems. Maybe I missed the finer points. Oops.
At any rate flame away I don't care.
Nxt is yet another Masterpiece, even with it's odd creation without Proof of Work (PoW) to get it launched.
Sadly many scammers will attempt the same approach and end up stealing a lot from many a speculator seeking the same thing as the early adoptors of Nxt. At least that's my best guess. And I for one wont be taking the bait either. Nxt it is. The rest need to at least start out their beginning in PoW mode as far as I am concerned, but whatever. Otherwise I will dismiss them just like I did Nxt, and merely for concerns of being scammed out of what could be a giant sum in the not so distant future, maybe.
I just called it like I saw it here with Nxt. But for myself it will have to wait, just like for all good things.
P.S. I skipped reading this thread, but I have been researching and scoping out Nxt this last week. After all it's our own opinions that matters most, unless of course everyone else hates the thought.
So anyway, this was just a PSA in case anyone didn't realize that awesome article on Nxt was there, or for that matter that great Crypto News Site spelled http://cryptosource.org/ - and no, I have nothing to do with them except their articles there get reviewed by myself quite regularly.
Caveat emptor - let the buyer beware!
Rofl hard.....NXT may have an initial distribution issue, but there is no way that it can be called a scam coin.
And, funnily, almost all of the "problems" with NXT that the FUD trolls are screaming about could also be found in another dodgy crypto-currency that some dude called Satoshi threw together in his kitchen 5 years ago.....and she/he/they/it also pre-mined (or very early mined, more accurately) around 1 million of those dubious Bitcoins.
Buy NXT now and hold. If i'm wrong, come round my house in 5 years time....
Or u could check out Visacoin, if u want an actual, real scamcoin. U can still invest....
And, funnily, almost all of the "problems" with NXT that the FUD trolls are screaming about could also be found in another dodgy crypto-currency that some dude called Satoshi threw together in his kitchen 5 years ago.....and she/he/they/it also pre-mined (or very early mined, more accurately) around 1 million of those dubious Bitcoins.
Buy NXT now and hold. If i'm wrong, come round my house in 5 years time....
Or u could check out Visacoin, if u want an actual, real scamcoin. U can still invest....
scam coin
I really don't understand why is it being called a scam coin? Is it because some peeps centrally own a chunk of it? Isn't that though with all coins especially because peeps can get a lot when they mine early? I logged into my dgex account after two months and saw my nxt rise 3 times in value which is cool. Shall I sell it for btc or keep it still? Any advice would be helpful.
early mine and premine are two very different things m8
hold
scam coin
I really don't understand why is it being called a scam coin? Is it because some peeps centrally own a chunk of it? Isn't that though with all coins especially because peeps can get a lot when they mine early? I logged into my dgex account after two months and saw my nxt rise 3 times in value which is cool. Shall I sell it for btc or keep it still? Any advice would be helpful.
scam coin
Mining with only transactions is flawed because you have unsolvable problem of either having too big transaction fees or not enough miners for network integrity.
Care to prove this or it's just ur "imho"?I can easily imagine in near future attackers willing to spent 5-10% of all the NXT value, maybe even more in the first months. In far future if NXT suceeds this % will indeed be smaller, but the amount of money will still grow because it will be worth more.
So for many people to run their nodes the transactions they earn must be quite a sum, its hard to calculate people willignes, but lets say the total earned fees per month should be around 1% of all money existing. This is A LOT, too much, transactions will be too expensive. You can not have 1% of money existing to be transfered per month just for the sake of transactions.
And another thing even more wrong with NxT, its 100% premined for gods sake! Even if it is not a scam per se it still is a scam, because no way how you turn this about, the original holders will profit A LOT MORE than "forgers"/miners that are responsible for coin stability. At bitcoin(and most other coins) all the miners have equal earning posibility depending on how early the get the coin, but that is not the point, even bitcoin has a problem of early adopters having too much. A true crypto curency should have earning posibility that is 100% aligned by the amount of money and the time at which they invest in curency. In a LINEAR WAY, not this premined, exponential, root,...shi...
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nxt is not just a coin, it is like shares. the most important is the decentralized exchange!!!!!!!!!
A scam not, only a pile of shit 
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