Topic: NXT innovation -gets a special mention at the end of my Crypto educational Blog - page 5. (Read 9114 times)

I'm not taking issue with your opinions on cryptocurrenies - everyone is entitled to their opinions even though they may differ from mine.

I'm taking issue with your definition of the word "scam", which has nothing to do with cryptocurrencies, and your excessive use of that term to make a lazy argument against crypto assets you don't personally like. I'm saying you've never remotely made the case that justifies that accusation.

P.S. "sudo" is spelled "pseudo" outside of a command line. For an education blog you sure could do with a spell checker  

That is one of the most deluded remarks I've seen and belies quite a lack of understanding of what constitutes money.

A zillion CPU cycles don't constitute "Proof of Work". Bitcoins are not traded as tokens of computing power. The idea behind proof of work is to synthesise scarecity - whether they are mined over 20 years or 20 minutes, scarcity is the priority in both cases.

The gripe that many miners have over the way NxT was brought into existence is that it goes against all their philosophical understandings of what a crypto currency is about. But that doesn't make it a "scam". Nobody was "scammed" in this launch.

I'm into NxT in quite a big way and one of the reasons is that I see POS as a huge leap forward over POW, regardless of the flawed arguments that digitalindustry has trotted out on this thread. The "distribution" issue can be solved in more ways than mining - markets is one of them.

But more than that, most of the criticisms levelled at NXT are based in plain and simple jealousy and not even veiled jealousy at that. People just don't think it "reasonable" that early stakeholders make that much gain with such a small amount of pain (or so it would seem in retrospect - it wasn't the case at the time which is something the desperate critics must to overlook in their little toytown ethics-police role). Yet they seem to think it reasonable that if they get "in on a coin" early at low difficulty and then sell a month later at a 10,000% gain, that's ok.

Well I'm afraid they'll just have to swallow it. Scam or not, it's here, was brought into existence by totally legitimate means, is growing, innovating and being healthily traded.

digitalindustry and cohorts will keep wailing and throwing their toys out of the pram for a good while yet no doubt, but they were doing that way back in January saying the coin would be "dead" in 6 weeks. Those remarks are now being seen for the nonsense that they were and so will the ones being made today.

+1 props to quarkfx for keeping it professional and respectful.

Please, read quarkfx post. It is the valuable one.

After the reading and the comprehension, you can lock, erase and burn this thread. Maybe People will forget this all nonsense and butthurt in some months.

You are welcome.

I don´t think that I am the one who´s emotional here. I disagree on the either is or is not a scam

Let´s assume you were right and all initial NXT were sent to the developer to pump the coin: what would happen if those people would sell off at one point (which would obviously their point since this would be what the scam is all about)? The exchange rate would drop dramatically and many people will claim to have "lost" their investment. But once all the initial "scammers" are out, what prevents the coin to be a success in the end? That is what happens to all crypto, which is why I referred to the Bitcoin drop from 30USD to 50cts, because this moment could be considered as a major scam as well (and it was, as far as I read). It also happened to Quark: The coin was hyped in December was far beyond its effective value. Lots of people went into for fast money, not because they wanted to develop Quark and some of those who had massive stakes because of early mining dropped their coins. People called that a scam as well, and they were wrong as you are in this discussion: With crypto there is no "real" value but the network/community which develops the crypto and stuff on top of it.

As long as crypto isn´t adopted by the mainstream it can be used to guide peoples actions with expectations a la "this is going to skyrocket" or "this is certainly the bottom, won´t get lower". I remember you wrote the latter about Quark at 500 satoshi and I thought it was just not right because neither you, nor me nor anyone else can actually know how the network reacts. I believe that Quark can come back and it is the same with other crypto - even if there are massive drops a dedicated community can catch up and move on.

I know I repeat myself, but you need to understand that your bashing of NXT doesn´t do any good and ironically mirrors arguments that have been brought against Quark (and were rejected by you as well). Take this advise from a friend: leave it, learn and move on. We have lots of thing to do, let´s mind our own business.

Now now, you're are just playing into his hands with threats. Wrestle with his brain instead (if he chooses to play along)   CIYAM, the developer of Automated Transactions above, is Australian so it balances out 


I will be away from my computer for most of today so look forward to reading this when I get back   In the meantime, take a look a Nxt Android Client, one of three options in development here >>> https://nxtforum.org/nxt-wallet-for-android/project-ideaoffer-nxt-wallet-for-android/

Simply put then, you have ignored me and others so far in this thread who have asked legitimate questions one how you can believe your assertions are facts, in favour of posturing, posting penis rockets and trying to get a rise out of people.

I presume you think if people get angry and call you names then that vindicates your position of asserting Nxt is a scam based on no evidence?


And also, have you heard about NxtBridge? It is a wrapper that will allow Nxt to be integrated into exchanges/payment systems as easily as bitcoin and any bitcoind fork. As Nxt is brand new code, some exchanges etc have had a hard time implementing it but dedicated Nxt devs have overcome this to further the integration of Nxt   Read about it here >>> https://nxtforum.org/general/adaptor-for-legacy-bitcoin-protocols

and if i was a broker on wall st i'd be able to steal heaps more wealth than your scam...but its hard to see your point?

Just so we don't forget who are we talking here with:

  I lol'd at the sad and desperate bit coming from colin  

If he would interact with intellectual honesty (see quarkfx's encouragement) rather than obvious attempts to inflame opinion against him, colin would attract more views to his blog.

Did I mention Nxt's turing complete Automated Transactions have begun the process of being integrated into the core? A testnet is being set up as we speak, 100% trustless escrows, auctions, lotteries and more will soon be reality. While ethereum has yet to get out of the gates   Read more here >>> https://nxtforum.org/automated-transactions/information-of-the-at-project

This post is 95% yours, Di. Sad and desperate? Need a friend ? Come and join us on the dark side.........

https://nxtforum.org/

http://nxtclients.org/

http://www.nxtcommunity.org/

I'm slightly sleepy, that helps. And I've had a little bit of practice before.......
Oh, yeah, and Di is completely wrong, so that makes it a lot easier.

looks sad and desperate - yeah i noticed that.

Java lol.

ha ha thanks for the laugh..

anyhow, back to normal business now.

knee deep i PoS, but its so easy?, i will just simply spend 10 minutes writing a blog to show the scam then i can safely ignore them all?

if anyone asks my opinion i can just take 5 minutes to look at that particular scam , then point the person to the blog.

and say :

etc etc etc.

they will go , "oh dam thanks its so easy to see once you know"

or thy will say "I think that risk is acceptable"

upon which i will think "you are stupid, but lovable..."  

and give the a pat on the back.

fixed your post up a little......can u spot the changes?

yes i kind of see where you come from FX but you have to kind of take the emotion out of it.

they (Bitcoin, LTC, Quark and a few other PoW currencies) either are or are not a scam (to all reasonable purposes) (and people call me paranoid fx).

here are the points:

- The code C++ one of the most common and robust and well known open source codes in the history of mankind.

- The "buzz" and "value" around the bitcoin protocol has caused 100 maybe thousands of people to look at the code.

- elliptical encryption that is used for address protection is known to be flawed, but fixable.

- Quark exists.

- if there are other "malleability" flaws in the client code then this creates a stand off, because it will be found eventually, and this will not destroy the idea of crypto currency, but the makers or people that know the flaw exist risk everything to expose it.

- Bitcoin is not the end of the road for Crypto very likely the start.

- Everything i see indicates an attack (as futile as it is)  on Crypto and you don't attack things you know are flawed.  (all things being equal)


so its quite simple - if someone said that to me i'd just simply be energy neutral and just ask , where is the scam?

see the difference?

Yeah, NFD was a monster scam as it turned out. Original dev took all the IPO and ran away........not an unknown story round here.
BUT: a group of initial investors/scammees then took over the project, sorted out the mess and launched NFD as a straight NXT clone with a couple of tweaks.
So NFD is probably (in its present form) less of a scam than many other cryptos.
Have a look at:
https://bitcointalksearch.org/topic/ann-nfd-escrow-nfdv2-picking-up-the-pieces-606837
I'm kinda proud of the way the NFD crew pulled together ( and yes, I do have a stake....)
Buy some EvilCoin, btw, if you get into NFD......

NXT-e i'd never even heard of, tbh, there are so many NXT clones coming up its hard to keep track of them all.
DI is gonna be knee-deep in PoS soon, and I don't think he's gonna like it.
Edit: turns out NXT-e was an exchange IPO scam, not even a currency. Ingenious little fu**ers.
https://bitcointalksearch.org/topic/ann-ipo-new-exchange-nxt-ecom-the-best-nxt-exchang-ipo-ends-now-open-453580
DI is gonna be knee-deep in PoS soon, and I don't think he's gonna like it.

I think I've figured out Di's issue, btw, he doesnt trust/understand PoS at all. For him, real coins are mined by hairy chested men with big racks.......
Doesn't explain his hate boner for NXT in particular, but he's not the first guy with a vendetta NXT has seen.

@Kolin


Scams can exist on different levels. Maybe 99% of all Bitcoin holders are just scammers trying to sell an ideological narrative (money created and governed by the people) and dump once the exchange rate explodes. Who knows? I don´t think that this is going to happen, but if we´re honest we simply don´t know. The bigger the community and the better the infrastructure, the less likely it will be possible to scam people, which is why we should rather do something for our own community instead of bashing others.

Were people scammed by Bitcoin when it dropped from 30$ to 0.5$? You bet that there were enough people who felt scammed and enough who were scammed, because they sold. But today we can clearly say, that rather those who sold for 30$ were scammed.

I don´t like this argumentation because it is frequently used to promise people huge rewards even in desperate situations but it demonstrates the meaning of scam can only be attributed retrospectively in this cases. As long as there is an ongoing development in infrastructure we can at least assume that there is sme valuable substance.