Topic: NXT innovation -gets a special mention at the end of my Crypto educational Blog - page 10. (Read 9132 times)

nope actually i'm just going to start covering more scams, its a general part of trying to help educate individuals that will be interested in Crypto in the future.

millions of voices suddenly cried out in terror, and were suddenly silenced.

Great pointer that NXT is gaining ground. More and more interest from the outside world = more and more FUD!

Hey! Editing your posts after I posted is no fair  I'll have to quote you more if you plan to play to the gallery.

What was the average hash during the mining period?

Owww....i kinda like winding up the NXT deniers.
At least Collin is slightly smarter than the average Elmo, we should have weeks of fun out of him, if handled correctly.

Oh my God, look who is here to spread the FUD..   Mighty Australian Collin..  

Let me tell you all who this is. Collin is a jealous b****, half literate in English even though this is his first language. He is one of two that started Quark and decided to partner with Bill Still to whom he gave millions of shit coin Quark to promote his coin and to do a pump and dump.
Quark was my entry into crypto currencies in December and I have lost a lot of money on it, this is how I know all about Collin.
Type Bill Still report on Quark in Youtube and you will even see his interview's and his face over Skype in Bill Still show.

So now when his own scam has failed, he has came here accusing NXT loaded with his jealousy.
So guys, please pay no attention to this id***!

Cool. I will never visit your blog. Sorry 

blog updated thanks !

Let me help you out here :

http://87.230.14.1/nxt/nxt.cgi?action=1000&blk=2680262203532249785
    
BLOCK    :   2680262203532249785
Timestamp   :   24.11.2013 13:00:00
Height   :   0
Next Block   :   6556228577102711328
Previous Block   :   0
Pay Load Length   :   9344 B
Num. Transactions   :   73
Total Fee   :   0
Base Target   :   100.00 %
Total Amount   :   1,000,000,000 NXT
Generator Account   :   1739068987193023818
Generator RS    :   NXT-MRCC-2YLS-8M54-3CMAJ
Version   :   -1
Perma Link   :   Show
Block SIgnature : 69d426c498b70ac6d1678180356527c1fee030ad732fbf7672c2266d166a4c08cf8fdeb4524fd1b 496bbcaab03fa6e67760f6da452251402249015486c487211
Generation Signature : 0000000000000000000000000000000000000000000000000000000000000000000000000000000 0000000000000000000000000000000000000000000000000
Previous Block Hash : n/a
Payload Hash : 72c8a92efffbd8695a866eabb13ca460a2f7cdf3283b82efb163360d6eec9469




under one second .

and again the winner is Daedelus, thank you friend i will ad that to the blog.

This is the retardest thing among all the retarded things you have said in the last 24hours.

You should be in a museum or something like that.

ok then this is the "proof of unicorn" system.

over what time period (in human definable time i.e seconds or minutes) were the 1 billion created ?

thats the Proof of Work period.

You're the expert    I imagine so, would I find out if I read your blog?

I am going to guess the PoW stage of Nxt was 8 months. Yes, that's it. The PoW stage was 8 months. You might want to update your blog to reflect this.

here is how to answer that yourself.

does NXT have a block-chain?

1  Yes - then yes there was "proof of Work" at some point.

2. No - then it used the innovative "Proof of unicorn" system.

Thank you. So there was no PoW phase?

oh sorry, for those that haven't learned how to read yet i'll be here to link parts of the blog individually ....


-----------


however we have to go to the Wiki and then select “History” then go down to “November 24, 2013″ to see that :

“Nxt is created, and the genesis block reveals that 1,000,000,000 coins were distributed to 73 stakeholders, with the proportion of coins received dependent upon the each stakeholder’s portion of the original funcraising total. Nxt’s original market capitalization was $800,000USD.”

http://wiki.nxtcrypto.org/wiki/Nxt_History

You didn't answer my question, I'm interested and you're obviously very knowledgeable about the early days of Nxt 

it was a magical time, (not defined by time itself) at the magical "NXT Labs" which is a place unknown to many and shrouded in secrecy, buried deep inside the minds of us all but only seen when we drink magic mushrooms.

: D

i'm really impressed by the showing in this thread, it shows that either:

1. Scams work (probably self evident really)

or

2. The Nxt devs funded forum accounts with their fake crypto to push the scam.


i'm going to say a mix of both - i can tell which ones a "scamees" and which ones are pushing the scam.

How long was Nxt's PoW phase?     
 

-----------------------UPDATE --------------------------

Thanks for the contribution on this thread I've added this section at the bottom also,

A word on “Proof of Work”

Crypto currency is based on “Proof of Work” this means that crypto is a “trust-less” system where people don’t have to try to trust other people to “IPO” (or distribute) the currency, that’s the whole point of Crypto currency.

Nxt is “technically” still a crypto currency as it still does have a block-chain (some don’t even have this), however the (PoW) proof of work period was done all at once and to themselves the developers.

by doing this they then shifted the “trust” from a mechanical system (the point of Crypto currency) to a “Trust us we promise to only give it to charity” type system.

So it only takes a small amount of education to see which system is:

    -- “Potentially Flawed” and/or
    -- “Totally flawed”

All PoW has the chance to be “potentially flawed” and most are, this is what allows 100′s even thousands of crypto currencies to exist, the better the PoW (distribution) period generally the better the overall fundamentals.

however a PoW that is “Totally flawed” i.e there was no market participation, such as “Nxt” ( they probably generated the whole 1 Billion in a single super block on a laptop), that is a system that can’t be recovered from, it can be seen as a “Quasi Crypto currency” and is nearly 100% of the time by definition, a Scam.

The better it looks and more effort put in to the appearance,(and more gimmicks) the more likely in % terms that its is in fact a design to take your (or other marks) wealth.