Topic: [NxT] new dread pirate roberts ? NxTRoad blackmarketplace? - page 2. (Read 19240 times)

Check http://coinmarketcap.com/ for better news 

more good news? 

WOOOOOW Man! 

You are full of shit! How can you waste your time writting that amount of lies?

I am just amazed!

NXT – is it even worthy? Be careful before investing!
Posted on September 1, 2014 by Barnie   

X3HoAt7 (1)Nxt was believed to stand out above most other “alternative” digital currencies, mainly because it was supposed to be something more than a clone, or “fork” of Bitcoin. There are only a few “coins” out there right now that can make this claim. But is the novelty and brand new software enough to create a safe, useful currency ecosystem? Let’s take a closer look to find out!

1. Susceptibility to hacking – Recently the credibility of NXT was put to the test when more than 50 million NXT has been stolen from the popular Chinese based exchange BTER. After all, roughly 8.3 Million NXT has been returned to Bter, presumably thanks to undisclosed negotiations. This event is an example of why centralization does not meld well with decentralized currencies. NXT has its own decentralized exchange built in, which should make large-scale hacks such as this one impossible. You should tell it to the thief, who was just posting offers of exchanging his NXT to Bitcoins.

2. Problematic start  - You cannot just start mining Nxt right away. With Nxt, you first have to buy a particular amount of coins and that allows you to forge. You cannot start mining even straight after you make a purchase as the confirmation of the transaction takes around 24 hours. Prepare to develop your patience as it is a virtue in Nxt world.

3.  Difficult installation – The software and installation are definitely not as easy-to-use as they should be. Most of theTzfBIzk (1)
unsatisfied users try to download and run the installation at least four times. The process us stopping, blocking and making users just frustrated and disappointed. Make life harder rule implemented at full capacity.

4. Ease of losing assets  - If you lose your password, or rather passphrase, you lose all your NXT Coins.

az6QUsi (1)5. High transaction fees – Currently it costs a minimum of 1 Nxt to perform any action, whether it’s sending Nxt, registering an alias, issuing an order in the Asset Exchange or sending an arbitrary message. No new Nxt is ever created, so the fees earned by forgers come entirely from transactions. Forgers need to earn fees as an incentive to keep their nodes running and encode new transactions into the blockchain, thus securing the network. Looks like users will have to invest pretty a lot before they gain anything, and it makes Nxt several thousand times more expensive than average bank.

6. Ethical problems – If you are a member of Nxt community, you have to be prepared for a real rollercoaster of events. As mentioned before, firstly, cryptocurrency exchange BTER was hacked, and the thief got away with 50 million NXT, a total of 5% of the existing one billion NXT. The hacker then ransomed the coins, and is rumored to be still in negotiations, but did not complete the transaction as promised after receiving 100 bitcoins from BTER. NXT has announced that there will be no rollback blockchain to effectively erase the transactions from occurring, returning coins to customers. The question posed at this point is one of ethics in digital currency. The technology is new and obviously has many more benefits than traditional currency, but the limits are still unknown. When is it right to roll back a blockchain? What effect does that action have on the integrity of cryptocurrency as a whole?

7. Decentralization issue – Since the beginning Nxt’s focus has been all about decentralization, however, that in itself causes many issues. The majority of new crypto users will only trust a centralized authority in regards to where they will get their Nxt client. They simply don’t want to search out what flavor of Nxt is to their liking. They want one place to download a trojan free client that is not a threat to their investment.

8. Short addresses – Bitcoin addresses are 34 alphanumeric characters, while NXT addresses are 20 numeric characters. The difference in creating combinations and therefore security are huge. Address collisions with bitcoin are all but impossible to occur. With NXT, they are much more likely. Now to be fair, NXT supposedly has some sort of built in protection, such that if a passphrase generates an address that is already in use on the network, it will inform you that you can not use it. That’s really great, but does not truly solve the problem!

9. Initial distribution setup Many people consider the initial distribution of NXT as a “premine” event and see it as failure in the coin itself as the initial 75 stakeholders controlled the majority of it. The PoS algorithm used in NXT gives a little advantage to an account that holds more coins comparing to an account with a lower amount. As a consequence, bigger accounts become even bigger by following the compound interest curve. In a currency with selfish forgers most of the coins would be absorbed by very few accounts that would lead to centralization of the currency. Unfair enough.

Hello guys!

Look at the new article about NXT here http://www.cryptobang.com/2014/09/01/check-out-interesting-facts-about-nxt/

Will be waiting for your comments

Also, I would like to inform you that I can make an article-investigation about any coin. If you need it - you can use the form on my site to do that.

Moreover, if you know some interesting facts - please give it to me, I can use it while creating new materials

these brain dead morons amuse the fuck out of me with their desperation and incessant clawing at my eyes.
as i watch them drown like sinking rats bailing from the Titanic

both accusations utterly wrong  little man

~CfA~

No you haven't, your a windbag who's posts are about as informative as a broken record.

You're not in a position to challenge anyone on anything.

toknormal, you really should not waste time arguing with either of his two socks
Spoetnik got so much love in these forums, he had to create his CfA sockpuppet devoted to Nxt.

Word on irc is that he is the issuer of Nxtroad

toknormal, you really should not waist time arguing with either of his two socks
Spoetnik got so much love in these forums, he had to create a sockpuppet devoted to Nxt.

I have been more on topic than you and i challenge you ..once again to back up your mouth

I'm not trying to win any debates here, I'm pointing out the fact that your posts are irrelevant and hypocritical.

Irrelevant because the value of the entire cryptocurrency economy is about the size of a peanut floating in Lake Michigan and your grinding on about currencies with "distribution" issues.

Hypocritical because you apparently condone mining monopolies while condeming market ones. To me they're no different - at least not ethically.

If I'm a developer wanting people to try out a new blockchain technology and get 76 offers for something that at that point is worth nothing then why shouldn't markets be allowed to value that holding accordingly ? It's got jack to do with algos or one person's idea of "distribution" over another. It has everything to do with simple market economics. As long as it's not the only cryptocurrency in the world then no harm will come of it and potentially a lot of innovation - it already has.

What your posting on the other hand just looks like throwing toys out of your pram because your too wedded to some toytown idea of what a cryptocurrency should be. You throw out emotive words like "corruption" without having a clue what your talking about. There is no corruption. The market reached a conclusion in the face of widespread mud slinging over so called "distribution" so stop your hyperbolic b.s. and deal with it.

so rambling on that a bad distribution method for example is "just different" rather than Corrupt is silly nonsense

Jackpot Coin..... REAL innovation