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Topic: NXT :: descendant of Bitcoin - Updated Information - page 58. (Read 2761629 times)

hero member
Activity: 798
Merit: 500
for love of god.. please write 'you' not u

Why would he? It's his style.
hero member
Activity: 714
Merit: 500
Actually I run many nodes to protect the NXT network. Just becuz I wanna secure it.

An absolutely awesome coin, why not help?
+1billion
Ppl should be running nodes to protect their investment and nothing to do with earning more. Greed is whats killed btc. it was never intended to be mined and exchanged to usd. Nxt was designed to stop the greedy mining mentallity that bitcoin has. if btc didnt reward miners it would be no more. I hold nxt and forge for the greater good of the network not to earn more nxt. if you want to earn more nxt create a business model on top of nxt which is what it was initially designed for.
legendary
Activity: 2142
Merit: 1010
Newbie
C-F-B or Mtchcl (maths guy) could shut me up for all time by giving me a definitive answer here.

I'm not going to shut u up, keep spreading awareness.
member
Activity: 70
Merit: 10

Cfb didn't answer the dev of mastercoin on lets talk bitcoin when he was talking fud. Draw your own conclusions.


Yet he regularly replies to emule. I have drawn conclusions about his not answering people who have real questions.
He clearly doesn't give a shit about clearing up misconceptions, if that's in fact what they are.

You can call me whatever you want. I'm not even talking to you. I'm hoping to get through to the little guy out there who is reading this forum, thinking about plunking down a large chunk of their salary down on a technology that is being misrepresented in it's marketing and that possibly has huge technical flaws that no developer is willing to answer questions about or clear up. Read the 3rd part of BCNext's plant. It goes right to the heart of what I am getting at.

I think there's a reason C-F-B released that on April 1st. You're all fools if you can't see that it clearly says Nxt is built on sand.
hero member
Activity: 644
Merit: 500
That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM


Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.
This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires.

Yeah I didn't even bother mentioning that. Buy just 50 million out of BTER and the price would already be way over 20 cents. 
 
hero member
Activity: 714
Merit: 500
That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM


Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.
This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires.
hero member
Activity: 644
Merit: 500

Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.


7MM is not that much money. That's a fucking paltry sum to be able to take down Nxt. Some guy at Goldman Sachs could wipe you out just to give Ethereum an edge. 7MM would be a cheap investment for something like that.

You've basically answered me. Nxt is EXTREMELY vulnerable and built on sand.

Ah, so someone  guy somewhere with 7 million dollars party money will buy 260 million just to destroy his 7 million dollars. How nice.

When do yo think that is going to happen? Tommorow?

If that evil rich dude waits too long, nxt prices might be up 6 cent in 6 months, then it will cost him  14 million :

He better hurry up.

 
sr. member
Activity: 288
Merit: 250


Yeah, I'm trying to destroy Nxt. That's why I invested in it. It's people like you who convinced me to stop. I was never into dogecoin but you people could learn a lot from that community.


That argument is nothing. We dont care.Nobody cares. Like i dont care how much cfb or others devs invested here.
Fact is you just bring continuously weird discussions.Bringing occassionally a legit one like now DOESNT GIVE YOU CREDIT.

If you cry for not forging a block, you just have no idea about nxt.
legendary
Activity: 1190
Merit: 1001
That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM


Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.
member
Activity: 70
Merit: 10

Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.


7MM is not that much money. That's a fucking paltry sum to be able to take down Nxt. Some guy at Goldman Sachs could wipe you out just to give Ethereum an edge. 7MM would be a cheap investment for something like that.

You've basically answered me. Nxt is EXTREMELY vulnerable and built on sand.
hero member
Activity: 574
Merit: 500
Im sure all the trashtalk of Briannowhere could be locked with one sentence explaining it  mathematically.But people just ignore him.When you solve this he will come with another stupid claim,saying he is legit because he did something for the community.

And dont tell me to be nice with him.I am nice with absolutely everyone, but not with a guy who tries to tilt everyone who is putting much effort here and spend his days creating a bad atmosphere in the thread. I cant believe someone even criticized TwinWinNerD for the escrow, when Brian is just here trying to destroy all your efforts.

Yeah, I'm trying to destroy Nxt. That's why I invested in it. It's people like you who convinced me to stop. I was never into dogecoin but you people could learn a lot from that community.

You guys love emule because there's no substance. I'm the worst person in the world because I ask uncomfortable questions you don't want to face up to.

Brian, I remain convinced you are a very skilled and impressive troll. I don't believe you have a genuine interest in the questions you ask. This is the third cycle of building social capital in the community over a week or two before splurging it by turning thid thread into you own fud blog. I know you are knowledgeable about nxt so can only assume you are deliberately missing the details out you must have read with the rest of us.

Find the info on leased forging and hubs (you have read about this as you have referenced it). Find the discussion about how leased forging could be done without it leading to centralisation. Read cfbs transparent forging thread again. Find ciyam and mtchls discussion and maths here about the impact of penalties and distribution of nxts on the length of forging streaks. Or just remember it if you are wilfully forgetting.

Cfb didn't answer the dev of mastercoin on lets talk bitcoin when he was talking fud. Draw your own conclusions.

And I am not going to spoon feed you, before you ask  Grin I am going to join cfb  Wink
hero member
Activity: 644
Merit: 500
That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM


Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.
sr. member
Activity: 756
Merit: 250
I find the bellyaching over the lack of rewards from forging nearly as distasteful as the complaining about initial distribution. NXT is an incredible bargain at $.03 so stop bitching and buy some.

I am not complaining at all. It is not so much about the reward but more about the lack of incentive to secure the network. To think that users are going to forge merely in order to secure the network, that is wrong. That is (i.e. you and me) the far minority of users.  We've had this important discussion before: the current forging model is potentially a critical issue.

FYI I've been with Nxt for months. Not every critical input is against the project...

I am not saying that you are complaining but what is the financial incentive to lock the door of your house when you go out? Securing it to protect your investments is enough.
hero member
Activity: 798
Merit: 500
I'll be gone pretty soon don't worry.

Why so negative? There are issues, yes indeed. But no need to be radical about it, imho. The project is going forward day by day and is it not remarkable where it is after just 5 months?


I find the bellyaching over the lack of rewards from forging nearly as distasteful as the complaining about initial distribution. NXT is an incredible bargain at $.03 so stop bitching and buy some.

It is not so much about the reward but more about the lack of incentive to secure the network. If you think user's are going to secure the network in order to secure the network, you are wrong.

Once again users with small amount of nxt do nothing to "secure" the network as they can't even forge. All they do is provide bandwidth. Since big holders forge most often, they do have very good reason to run nodes and forge.

Eadeqa, you perfectly point out the issue of the network.
member
Activity: 70
Merit: 10

I thought you said you were leaving if someone buys rest of your nxt?

I'll be gone pretty soon don't worry.
hero member
Activity: 644
Merit: 500
I find the bellyaching over the lack of rewards from forging nearly as distasteful as the complaining about initial distribution. NXT is an incredible bargain at $.03 so stop bitching and buy some.

It is not so much about the reward but more about the lack of incentive to secure the network. If you think user's are going to secure the network in order to secure the network, you are wrong.

Once again users with small amount of nxt do nothing to "secure" the network as they can't even forge. All they do is provide bandwidth. Since big holders forge most often, they do have very good reason to run nodes and forge.
member
Activity: 70
Merit: 10
That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM

This is what I want to know. In a nutshell.

If a Malicious person is able to acquire 260MM Nxt (current cost around 7.5MM to 10MM) by using pools or whatever can they bring down Nxt?

How likely is this? It seems possible to me. If it's possible, even if it's unlikely, then Nxt is built on sand and I would not advise
anyone to base their business around it.


C-F-B or Mtchcl (maths guy) could shut me up for all time by giving me a definitive answer here.
member
Activity: 87
Merit: 10
Actually I run many nodes to protect the NXT network. Just becuz I wanna secure it.

An absolutely awesome coin, why not help?
hero member
Activity: 798
Merit: 500
I find the bellyaching over the lack of rewards from forging nearly as distasteful as the complaining about initial distribution. NXT is an incredible bargain at $.03 so stop bitching and buy some.

I am not complaining at all. It is not so much about the reward but more about the lack of incentive to secure the network. To think that users are going to forge merely in order to secure the network, that is wrong. That is (i.e. you and me) the far minority of users.  We've had this important discussion before: the current forging model is potentially a critical issue.

FYI I've been with Nxt for months. Not every critical input is against the project...
hero member
Activity: 644
Merit: 500
Im sure all the trashtalk of Briannowhere could be locked with one sentence explaining it  mathematically.But people just ignore him.When you solve this he will come with another stupid claim,saying he is legit because he did something for the community.

And dont tell me to be nice with him.I am nice with absolutely everyone, but not with a guy who tries to tilt everyone who is putting much effort here and spend his days creating a bad atmosphere in the thread. I cant believe someone even criticized TwinWinNerD for the escrow, when Brian is just here trying to destroy all your efforts.

Yeah, I'm trying to destroy Nxt. That's why I invested in it. It's people like you who convinced me to stop. I was never into dogecoin but you people could learn a lot from that community.

You guys love emule because there's no substance. I'm the worst person in the world because I ask uncomfortable questions you don't want to face up to.

I thought you said you were leaving if someone buys rest of your nxt?
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