Topic: NXT, the ultimate SCAM, will it die because of 100% pre-mine given to 50 people? - page 11. (Read 15040 times)

How can you fairly distribute it?
NXT volume is the past 24 hours is only $ 167,700.

Even more, why the hell would've anyone use sockpuppets in Nxt IPO? IPOs got popular and "hope to get rich" investments, in the wake of Nxt success. None could've predicted this will be an even remotely good investment, who wants to play restrictions when buying a lottery ticket?

An other thing, that I wanted to point out for a while. Nxt wasn't really an IPO, at least not in intent. BCNext simply needed to give away all coins at once, and this was what looked like an easy distribution method.
Read the original thread, it's very clear.
Of course it was a flawed idea, this is why most IPOs after Nxt tried different variations of distribution.

Check out nxtforum.org to see how Nxt has been dying these past few months: Asset Exchange, testing decentralised crypto to crytpo trading (Multisig), Turing complete Automated Transaction in final testing (before Ethereum has even got on the starting grid), physical wallets, account control to stop thefts (you can lock your account), Monetary system to allow a POW or POS coin to be built on top of Nxt... I can go on but take a look yourself.

If you believe that these projects will give Nxt value over the long term, why concern yourself with anything else?

20,000 NxT vs 50 to 300 million owned by a NxT whale.

NxT community is large but it's smaller today than it was back in January, NxT has been dying a slow death since January.  Nobody wants to buy a scam whale coin.

The maximum was 1 BTC and was intended to limit the number of sock puppets, not eliminate then. $1500 will get around 20,000 Nxt.

Why does it matter, do you believe there are only 73 people using Nxt now?

There's still NEM which has over 1000 veteran accounts, as well as taint analysis - probably 2500+ real people in it.  You can still get a stake at around $1500 whereas $1500 won't buy squat in NxT.

What people forget about NxT is that it was an obscure IPO and there was no taint analysis to weed out socks.  Maybe only 73 wallets invested but only 20 wallets invested the full amount (1.5 BTC) and those 20 wallets was probably 5 people with sockpuppets (so there are NxT whales with $8+ million as we speak.  They only get wealthier when NxT goes up in value).

If NxT hit $5 billion then there would be new billionaires on this planet, true story.  Easiest billions ever made in human history.

Why not?

Source? How is this possible in an open market with a transparent blockchain?

It's a catastrophe. NXT has created a false illusion of non existent liquidity. Even the coins are are being mined aren't really well distributed, a fully premined coin is much worse. 

It will die eventually but it will take some time before all the gullible noobs have been scammed out of their bitcoins

i don't like nxt

What garbage you post.

For a start, regarding liquidity, the bulk of liquidity in the NXT market does not occur on exchanges. Traders have been buying huge volumes off exchange, then they in turn trade that off exchange and so on. Only the small trades occur on exchanges which is why it looks like a low liquidity market but in fact isn't. Remember that because NXT was so different from classic cryptos, it took the exchanges a while to get hooked up to its block chain. In the meantime a large off-exchange market developed where the really big numbers were / are traded - not least the original distributions.

Secondly, you seem to make up your own definitions of "scam" which basically amounts to "people making too much money" in your book. If that's the case just stay out of the market. I don't consider it a scam because I've doubled my money since I bought and also recouped my investment at the same time. Many people who invested did the same. So I ask you again - who exactly is being scammed here ? It's a scam if you pay money for something of no market value. But if you pay money for something which DOES have a market value that's sustained and increasing then it's not a scam. Simple as that. So it would appear that neither the primary (on exchange) nor secondary (off exchange large volume) markets agree with you.

Thirdly, regarding  the points about mining, you're basically mixing two completely different approaches to distribution and getting your knickers in a twist. There's nothing more or less ethical about either - you just pays your money and takes your choice. Again, the markets ultimately decide what valuation to put on each and if you want to argue with that then feel free - but that's what investing is generally about: "Market Value" 

ROFL the Quote of mine was never about Nxt xD

U are such a joke, are u frictionlesscoin's dog? xD

It's more than that. Some guy opened a thread and said he is releasing a coin with totaly new code. Send him money, to get some of the new coint.
Scam accusations were flying, or the whole thing was simply ignored. Because who ever heart of a stupid thing like this? Who would believe it?

Then came Nxt, and made a shitload of profit for those who believed. Since then IPOs, and coins with new code suddently become commonplace, and popular, because everyone wants to get lucky.

But everyone have to remember, Nxt initial distribution is as it is, because it was new, extremely high risk, and most people ignored it. For two months. And now they really need to shut up about it, and look forward.

haha this thread. People who will do their own research will find out:

1) Nxt's IPO was open to investors. But the demand was low, because the Coin was not known => Low number of investors.
2) The whole concept of Nxt is that there is no mining and that all coins are distributed, this is not good or bad, its just a different way to to things.
3) After downloading the wallet, people will see what Nxt has to offer.


Anyway, OP thanks. More people will check out Nxt and will find out that you have no clue

I couldn't agree more with these summaries, except for NEM, I own a stake and I thought it was on track to being a well structured platform.

From what I've read, you might be interested in Skycoin. I've been following its development for about 7 months. It has a somewhat debatable IPO planned but in my opinion it will bring as much if not more innovation than all of these coins.

It has been more than 1 million dollars and is consistent 200K dollars

People are buying NXT for sure and only will be in the future even more

go on being mad 

No actual application development, are scams

Although NXT's price up 200%, the volume has been so small. Why? Dozens of guys own NXT and people just don't buy NXT.

NXT == NOT.

I've researched them both.  Looked into most all of the other alt coins and NXT just makes sense.  Congrats on the first 73 who were smart enough to invest in it.  They will be rich.  They deserve to be rich.  As it is, I am happy to buy NXT off them for a mere $.07 per coin.  Forging blocks is easy.  I've got about 10,000 NXT and should forge a block about every ten days.  Simple math can figure this out.  Even more, most of the original stakeholders aren't even forging which means I'll get a block even more often, but NEVER less than one block every ten days.  Try that in bitcoin.  I couldn't afford the equipment to even come close to that.  NXT is simpler, greener, fairer.  It is truly 2nd generation crypto.