NXT, the ultimate SCAM, will it die because of 100% pre-mine given to 50 people?

newb4now

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Merit: 500

Quote from: oniromancia on June 26, 2015, 10:16:20 AM

Fact is, just like btc and tons of other senior cryptos: a few people always get in early and hit the jackpot so to speak. So there is always a small number with a big number of coins. Would it be optimal if the big stakeholders gave away more? Yes, but no one can force them and it's not fatal.

The reason Google etc. isn't investing in Bitcoins is according to themselves that they are waiting for the 2nd generation cryptocurrencies that have fixed the issues of btc like nxt has done.

I agree with your first paragraph but disagree with your second one.

TheMystic

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Quote from: Iscamscammers on June 25, 2015, 07:14:04 PM

java = scam

so java shitcoin = scam too !

Large bol...

oops

Large, bold letters = Moron

DecentralizeEconomics

legendary

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White Male Libertarian Bro

Quote from: montaga on June 27, 2015, 12:22:01 AM

Quote from: DecentralizeEconomics on June 27, 2015, 12:10:51 AM

Quote from: montaga on June 26, 2015, 11:48:50 PM

Quote from: Hollowman338 on June 26, 2015, 04:10:52 PM

Quote from: montaga on June 26, 2015, 03:30:52 PM

It may not die because of the bad distribution, but it sure as hell does not need Einstein to figure out that with no investment it will.
Money which has been invested in the last 24h, and the day before and before ...........
Litecoin $ 86,112.90 USD
Monero $ 7,018.04 USD
Dogecoin $ 2,308.80 USD
Namecoin $ 1,787.30 USD
Peercoin $ 499.90 USD
Nxt $ 35.82 USD
Blackcoin $ 35.50 USD
Quark $ 11.50 USD
What do people here expect, but $100 in and get $100000 out?

Bitcoin is of the radar (almost 1 mil) and after 5 years still gets distributed daily with new coins and for the next 100 plus years.

Right, and you determined the new capital flowing into the alts you listed, how exactly? Roll Eyes

New coins times price. With other words if you remove the noise of the trades the price would stay exactly the same per coin with that amount of new money. Unfortunately nxt has not been able to find the few $ needed per day as it lost about 7% against Bitcoin YTD (which found $ 883,536.00 USD past 24h).
It is plain simple noone can take more out than what is put in.
Some would say she ist dead jack.

Protip: There is no inflation in NXT.

Fee's baby, fee's you gotta pay them damn fees (fixed it for you)

What are you implying? I can only assume you are taking the daily NXT tx fee total and multiplying it by the current price. That figure means nothing.

montaga

sr. member

Activity: 608

Merit: 264

Freedom, Natural Law

Quote from: DecentralizeEconomics on June 27, 2015, 12:10:51 AM

Quote from: montaga on June 26, 2015, 11:48:50 PM

Quote from: Hollowman338 on June 26, 2015, 04:10:52 PM

Quote from: montaga on June 26, 2015, 03:30:52 PM

It may not die because of the bad distribution, but it sure as hell does not need Einstein to figure out that with no investment it will.
Money which has been invested in the last 24h, and the day before and before ...........
Litecoin $ 86,112.90 USD
Monero $ 7,018.04 USD
Dogecoin $ 2,308.80 USD
Namecoin $ 1,787.30 USD
Peercoin $ 499.90 USD
Nxt $ 35.82 USD
Blackcoin $ 35.50 USD
Quark $ 11.50 USD
What do people here expect, but $100 in and get $100000 out?

Bitcoin is of the radar (almost 1 mil) and after 5 years still gets distributed daily with new coins and for the next 100 plus years.

Right, and you determined the new capital flowing into the alts you listed, how exactly? Roll Eyes

New coins times price. With other words if you remove the noise of the trades the price would stay exactly the same per coin with that amount of new money. Unfortunately nxt has not been able to find the few $ needed per day as it lost about 7% against Bitcoin YTD (which found $ 883,536.00 USD past 24h).
It is plain simple noone can take more out than what is put in.
Some would say she ist dead jack.

Protip: There is no inflation in NXT.

Fee's baby, fee's you gotta pay them damn fees (fixed it for you)

DecentralizeEconomics

legendary

Activity: 1162

Merit: 1042

White Male Libertarian Bro

Quote from: montaga on June 26, 2015, 11:48:50 PM

Quote from: Hollowman338 on June 26, 2015, 04:10:52 PM

Quote from: montaga on June 26, 2015, 03:30:52 PM

It may not die because of the bad distribution, but it sure as hell does not need Einstein to figure out that with no investment it will.
Money which has been invested in the last 24h, and the day before and before ...........
Litecoin $ 86,112.90 USD
Monero $ 7,018.04 USD
Dogecoin $ 2,308.80 USD
Namecoin $ 1,787.30 USD
Peercoin $ 499.90 USD
Nxt $ 35.82 USD
Blackcoin $ 35.50 USD
Quark $ 11.50 USD
What do people here expect, but $100 in and get $100000 out?

Bitcoin is of the radar (almost 1 mil) and after 5 years still gets distributed daily with new coins and for the next 100 plus years.

Right, and you determined the new capital flowing into the alts you listed, how exactly? Roll Eyes

New coins times price. With other words if you remove the noise of the trades the price would stay exactly the same per coin with that amount of new money. Unfortunately nxt has not been able to find the few $ needed per day as it lost about 7% against Bitcoin YTD (which found $ 883,536.00 USD past 24h).
It is plain simple noone can take more out than what is put in.
Some would say she ist dead jack.

Protip: There is no inflation in NXT.

montaga

sr. member

Activity: 608

Merit: 264

Freedom, Natural Law

Quote from: Hollowman338 on June 26, 2015, 04:10:52 PM

Quote from: montaga on June 26, 2015, 03:30:52 PM

It may not die because of the bad distribution, but it sure as hell does not need Einstein to figure out that with no investment it will.
Money which has been invested in the last 24h, and the day before and before ...........
Litecoin $ 86,112.90 USD
Monero $ 7,018.04 USD
Dogecoin $ 2,308.80 USD
Namecoin $ 1,787.30 USD
Peercoin $ 499.90 USD
Nxt $ 35.82 USD
Blackcoin $ 35.50 USD
Quark $ 11.50 USD
What do people here expect, but $100 in and get $100000 out?

Bitcoin is of the radar (almost 1 mil) and after 5 years still gets distributed daily with new coins and for the next 100 plus years.

Right, and you determined the new capital flowing into the alts you listed, how exactly? Roll Eyes

Reward times price. With other words if you remove the noise of the trades the price would stay exactly the same per coin with that amount of new money. Unfortunately nxt has not been able to find the few $ needed per day as it lost about 7% against Bitcoin YTD (which found $ 883,536.00 USD past 24h).
It is plain simple noone can take more out than what is put in.
Some would say she ist dead jack.

Hollowman338

legendary

Activity: 1246

Merit: 1000

Quote from: montaga on June 26, 2015, 03:30:52 PM

It may not die because of the bad distribution, but it sure as hell does not need Einstein to figure out that with no investment it will.
Money which has been invested in the last 24h, and the day before and before ...........
Litecoin $ 86,112.9 USD
Monero $ 7,018.04 USD
Dogecoin $ 2,308.8 USD
Namecoin $ 1,787.3 USD
Peercoin $ 499.9 USD
Nxt $ 35.82 USD
Blackcoin $ 35.5 USD
Quark $ 11.5 USD
What do people here expect, but $100 in and get $100000 out?

Bitcoin is of the radar (almost 1 mil) and after 5 years still gets distributed daily with new coins and for the next 100 plus years.

Right, and you determined the new capital flowing into the alts you listed, how exactly? Roll Eyes

montaga

sr. member

Activity: 608

Merit: 264

Freedom, Natural Law

It may not die because of the bad distribution, but it sure as hell does not need Einstein to figure out that with no investment it will.
Money which has been invested in the last 24h, and the day before and before ...........
Litecoin $ 86,112.9 USD
Monero $ 7,018.04 USD
Dogecoin $ 2,308.8 USD
Namecoin $ 1,787.3 USD
Peercoin $ 499.9 USD
Nxt $ 35.82 USD
Blackcoin $ 35.5 USD
Quark $ 11.5 USD
What do people here expect, but $100 in and get $100000 out?

Bitcoin is of the radar (almost 1 mil) and after 5 years still gets distributed daily with new coins and for the next 100 plus years.

tyz

legendary

Activity: 3360

Merit: 1533

Please try to do better research. it were 73 instead of 50 people Grin

And do not forget: the best number is 73. Why? 73 is the 21st prime number. Its mirror, 37, is the 12th and its mirror, 21, is the product of multiplying 7 and 3... and in binary 73 is a palindrome, 1001001, which backwards is 1001001.

Nxt is one of the most well-distributed coins. There was a analysis some time ago where someone researched the distribution of Nxt and Bitcoin . Not surprisingly, Nxt has won.

Nxtblg

legendary

Activity: 924

Merit: 1000

Quote from: oniromancia on June 26, 2015, 10:16:20 AM

Fact is, just like btc and tons of other senior cryptos: a few people always get in early and hit the jackpot so to speak. So there is always a small number with a big number of coins. Would it be optimal if the big stakeholders gave away more? Yes, but no one can force them and it's not fatal.

Back in early-mid 2014, "free and fair distribution" of PoS coins was a big fad. Like all other fads, it faded away - leaving us with another lesson we had to learn the hard way. Wink

oniromancia

newbie

Activity: 56

Merit: 0

Fact is, just like btc and tons of other senior cryptos: a few people always get in early and hit the jackpot so to speak. So there is always a small number with a big number of coins. Would it be optimal if the big stakeholders gave away more? Yes, but no one can force them and it's not fatal.

The reason Google etc. isn't investing in Bitcoins is according to themselves that they are waiting for the 2nd generation cryptocurrencies that have fixed the issues of btc like nxt has done.

Nxtblg

legendary

Activity: 924

Merit: 1000

Quote from: DecentralizeEconomics on June 25, 2015, 11:01:54 PM

Quote from: Hollowman338 on June 25, 2015, 08:24:56 PM

Iscamscammers = TaunSew

= UtopianFuture = Degenerate sub-human

I actually doubt that. He said he got burned by Java itself through an exploit. I tried getting him to open up on what happened, but I haven't seen his response - assuming he did respond.

Absent that open-up, he prolly got a malicious .jar file from a phisher through his Email that he opened. Ouch...

[While I'm on the subject, why are Email clients so stagnant in re innovation? You'd think that an Email client would offer a "Safe" option to strip any .jar attachment that comes from any sender not explicitly whitelisted....]

DecentralizeEconomics

legendary

Activity: 1162

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White Male Libertarian Bro

Quote from: Hollowman338 on June 25, 2015, 08:24:56 PM

Iscamscammers = TaunSew

= UtopianFuture = Degenerate sub-human

Hollowman338

legendary

Activity: 1246

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Iscamscammers = TaunSew

Iscamscammers

newbie

Activity: 34

Merit: 0

java = scam

so java shitcoin = scam too !

Iscamscammers

newbie

Activity: 34

Merit: 0

Maybe not scam,

but still java shitcoin !

Nxtblg

legendary

Activity: 924

Merit: 1000

Quote from: X68N on June 25, 2015, 03:57:13 PM

I must say i thought in the first place NXT is a scam.

But it is now too long around and too succsessful to to call it a scam anymore.

Nice to see someone who knows how to change his mind when new facts show up. Props.

box0214

sr. member

Activity: 350

Merit: 252

make that 7th place and ripple shouldn't be on that list anymore having that they need to collect KYC.

X68N

hero member

Activity: 672

Merit: 500

I must say i thought in the first place NXT is a scam.

But it is now too long around and too succsessful to to call it a scam anymore.

Look at the price, volume and market cap on coinmarketcap.com

NXT is terms of
Marketcap on place 8
Volume on place 12

So the overal place is something like 10

despite the fact there are 1200 coins, and a lot of scams.
A coin which is nearly over 1,8 years old and is on Place 8 & 12 of the coincharts cant be called a scam.
The market never lies. The Market is always right.

Daedelus

hero member

Activity: 574

Merit: 500

Also...

Quote from: Eadeqa on July 30, 2014, 02:58:19 PM

Indeed Java is better for financial apps as it's easier to write safer code. No pointers to arbitrarily access memory, no buffer overruns, bound checking, etc. C++ is is better choice for apps that require faster start up and native integration.

Faster start up is totaly irrelevant for server apps that start once and run for weeks/months without shutting down. Native integration is not needed either. Funny to watch Exo having difficulty releasing linux version. Had he used Java instead, it would have been platform independent. There is absolutely no reason to write crypto (server side) in C++. It's a bad choice for the job.

It's fine to write crypto clients in C++, and indeed anyone can write Nxt client in C++ for Windows. The client interacts with server (written i Java) . On the client side faster start up and native integration with GUI would be more desirable.

And... https://bitcointalksearch.org/topic/m.5518671

Roll Eyes

Topic: NXT, the ultimate SCAM, will it die because of 100% pre-mine given to 50 people? (Read 15040 times)