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Topic: NXT, the ultimate SCAM, will it die because of 100% pre-mine given to 50 people? - page 3. (Read 15040 times)

sr. member
Activity: 1176
Merit: 297
Bitcoin © Maximalist
Quote
.................
73 people bitcointalk accounts recieved NXT in the initial distro....heres the original NXT [ANN] thread:
https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898


5 people with about 10 sockpuppet accounts each on this anonymous forum received the bulk of NXT.
The other 20 forum accounts received just small amounts of nxt as they where told not to sent a lot of bitcoin (the max was 1 btc)
 
hero member
Activity: 854
Merit: 1001
Don't get angry...it's pointless.

Look at the amount of FUD and BS that the mainstream media have directed at Bitcoin and crypto-currency in general.
The only way to respond to this sort of fact-free trolling is to simply keep calm and carry on educating people: about BTC, about crypto and about NXT.


This thread is from over a year ago, and the OP completely blows his credibility in his first post:

Lets remember history for a moment.

NXT was all mined, approximately 1,000,000,000 tokens, instantly.

They were then given to forum members deemed most influential or a friend of the developers, 50 people got ALL THE COINS instantly.

There is very little in liquidity, creating a false illusion of wealth, try to sell 500,000 NXT on cryptsy and see what happens to that price!  On the other hand you could sell that much of Litecoin and the market for Litecoin would NOT hiccup!


NXT should be rightfully called out as the biggest insta-mine scam in the history of alt-coins.  It is written in JAVA.  It was kept CLOSED SOURCE to hide major flaws and security issues.

They keep promising features that then do not appear and claim features that do not really work.  Have you tried to use their asset exchange?  Not really functioning.

Should be renamed SHT or SCM.  Smiley

--edit--

NXT says scamming is okay -

Fairness is one of the most important factors, if not THE most important factor, for the viability of any crypto coin.

Unfortunately, NXT got it wrong.


fairness is a fake concept which has no place in capitalism

if u dont know this then u are delusional.  there is no fair cryptocurrency, this is hyprocite talk

look at bitcon its the worst obviously. fairness is such a joke anyway. there is no such thing as fairness in this world

Thank you for admitting that NXT is a scam - see this is the mentality of NXT and people behind it.

People who made NXT believe and support scamming.

Fairness is what separates men from animals and the 1st world from the 3rd world.

Fairness and empathy are what make us human.

NXT is inhumane, as proven by the poster above by his support and admission that NXT is a scam, even defending NXT's right to scam you.


peacefulmind quotes Come-from-Above as a reputable source of NXT information, but C-f-A is a troll account, with no connection to NXT at all.
Come-from-Beyond is one of the original NXT devs, the OP couldn't even get that right.
Not to mention the facts that:
NXT has been open source since February 2014 and still is.
NXT distribution was open to everyone to claim for over 2 months, on this forum.
73 people recieved NXT in the initial distro....heres the original NXT [ANN] thread:
https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898

I could go on, but it's probably quicker just to point out the correct information from the OP:
NXT is written in Java.
hero member
Activity: 722
Merit: 500
This sort of thread just makes me angry.
legendary
Activity: 1588
Merit: 1000
Hell, its the most successful scam in pumping out quality features vs EVERY other coin out there.... seriously...

Ya man, the NXT core Devs are truly amazing.

2-3 months after people (me) were complaining that Storj is hopelessly behind schedule...
And NXT cannot depend on a Third Party with 10% of it's market cap for local storage...

Viola, Tagged Data is released and operational...
Meaning you can upload 42K of data with 5 searchable fields stored as a local file... with just a hash on blockchain...
This is in addition to using prunable messages to store scratchpad data.

So now every future NXT plug-in app has a reasonable amount of permanent and temp storage...
You can now even store a simple web site via NXT and be 100% decentralized and anon...
The NXT Devs made Storj irrelevant for apps that are not data intensive... IN 2-3 MONTHS FROM IDEA TO PRODUCTION.

This kind of amazing is routine on NXT...
I'll bet they will have metered anon VPN in the core in another 2-3 months...
Which would blow it wide open... and then everyone will have a hat like superresistant, man.
tyz
legendary
Activity: 3360
Merit: 1533
The best answer to this trolling thread i have read so far. Really good point.  Cool

If NXT was a scam. It's a pretty good elaborate one..... Hell, its the most successful scam in pumping out quality features vs EVERY other coin out there.... seriously...
Like I said, most elaborate scam ever:
Could be a mix between the two. Maybe I'm viewing this too black and white when it's more of a gray situation.

Do you know what a scam is ?
In every scam there are victims.
Find me one single victim of Nxt - the cryptoplatform (yes Nxt is not a crypto but a platform to develop business and experiment with the blockchain).
Pro-Tip : You can't.

hero member
Activity: 715
Merit: 500
If NXT was a scam. It's a pretty good elaborate one..... Hell, its the most successful scam in pumping out quality features vs EVERY other coin out there.... seriously...


Like I said, most elaborate scam ever:


Could be a mix between the two. Maybe I'm viewing this too black and white when it's more of a gray situation.

Parking Valet, what is your motivation here? You think you know the theoretical motivation of the creator of Nxt, by throwing out all these hypotheticals.  You flat out say Nxt is a scam because of distribution.  Do you think Bitcoin is scam?  Satoshi owns over 1 Mil BTC, there was no distribution of Bitcoin in the first 9 months.  Your motivation is to pump your shit Horizon coin, it's fucking pathetic.  Go back to school, I'm serious, it will give you a couple more years to learn how to actually succeed with whatever business your attempting to run.
legendary
Activity: 2156
Merit: 1131
If NXT was a scam. It's a pretty good elaborate one..... Hell, its the most successful scam in pumping out quality features vs EVERY other coin out there.... seriously...
Like I said, most elaborate scam ever:
Could be a mix between the two. Maybe I'm viewing this too black and white when it's more of a gray situation.

Do you know what a scam is ?
In every scam there are victims.
Find me one single victim of Nxt - the cryptoplatform (yes Nxt is not a crypto but a platform to develop business and experiment with the blockchain).
Pro-Tip : You can't.
hero member
Activity: 784
Merit: 500
NXT is one of the furthest from being a scam.
newbie
Activity: 24
Merit: 0
If NXT was a scam. It's a pretty good elaborate one..... Hell, its the most successful scam in pumping out quality features vs EVERY other coin out there.... seriously...


Like I said, most elaborate scam ever:


Could be a mix between the two. Maybe I'm viewing this too black and white when it's more of a gray situation.
sr. member
Activity: 350
Merit: 252
If NXT was a scam. It's a pretty good elaborate one..... Hell, its the most successful scam in pumping out quality features vs EVERY other coin out there.... seriously...


Like I said, most elaborate scam ever:










newbie
Activity: 24
Merit: 0
zanzibar man I'm above insulting other people so you can keep insulting me all you want but your just making yourself look bad. Furthermore it's funny to me that you keep saying I'm so stupid but you just reinforced my argument even more. For the original dev to take over 40% he would only need 8.4 btc so he wouldn't even have to be rich to accomplish what I'm saying. Plus if he wanted to make it symbolic why not 210, 2,100 or 21,000 btc which would be a way more realistic IPO. Not saying I know for sure NXT is a scam but neither do you and I'll answer your question after you answer mine. What part of that scenario couldn't potentially happen?
sr. member
Activity: 369
Merit: 250
phm.link
Only trolls are low enough to insult others. I simply state the facts but I tell you what, I'll take back everything I said if you can prove this scenario couldn't happen:

Say I'm a dev and I see peercoin's Proof-of-Stake (PoS) algorithm and I believe I can do better. I have the idea to use PoS and combine it with a marketplace for all cryptocurrencies. Let's say I name this cryptocurrency NXT. Since I'm a smart anonymous developer I realize hmmm what if I were to create multiple bitcointalk.org accounts and distribute NXT between some of the well known developers but still keep a majority myself by using my multiple accounts to make it seem like I'm several people at once. Lets say I accomplish this and own 40% of NXT. Then Since I easily have the most NXT I start manipulating the market by having huge sell offs then buying up more while its cheaper. Each time I do this I control more and more of NXT making it easier and easier to manipulate while I'm gaining profits the whole time by controlling the volatility.

Now please someone, anyone, tell me specifically how that can't happen and I'll admit I'm wrong.

Lucky for us, you're not smart enough to develop a POS from scratch, that's pretty obvious.  If the creator of Nxt was money motivated, he wouldn't have stopped the IPO at 21BTC, which he did because it was symbolic to him.  He would have held an Ethereum type pre-sale for 6 months. Try doing some research, or go back to college, finish your degree, and come back.  I love how you call yourself a "CEO"  Tell me, how many people do you currently manage? 

You're insinuating that he was not money motivated?

I'm not agreeing that NXT is a scam, but come on. Of course he was money motivated.
hero member
Activity: 715
Merit: 500
Only trolls are low enough to insult others. I simply state the facts but I tell you what, I'll take back everything I said if you can prove this scenario couldn't happen:

Say I'm a dev and I see peercoin's Proof-of-Stake (PoS) algorithm and I believe I can do better. I have the idea to use PoS and combine it with a marketplace for all cryptocurrencies. Let's say I name this cryptocurrency NXT. Since I'm a smart anonymous developer I realize hmmm what if I were to create multiple bitcointalk.org accounts and distribute NXT between some of the well known developers but still keep a majority myself by using my multiple accounts to make it seem like I'm several people at once. Lets say I accomplish this and own 40% of NXT. Then Since I easily have the most NXT I start manipulating the market by having huge sell offs then buying up more while its cheaper. Each time I do this I control more and more of NXT making it easier and easier to manipulate while I'm gaining profits the whole time by controlling the volatility.

Now please someone, anyone, tell me specifically how that can't happen and I'll admit I'm wrong.

Lucky for us, you're not smart enough to develop a POS from scratch, that's pretty obvious.  If the creator of Nxt was money motivated, he wouldn't have stopped the IPO at 21BTC, which he did because it was symbolic to him.  He would have held an Ethereum type pre-sale for 6 months. Try doing some research, or go back to college, finish your degree, and come back.  I love how you call yourself a "CEO"  Tell me, how many people do you currently manage? 
newbie
Activity: 24
Merit: 0
Only trolls are low enough to insult others. I simply state the facts but I tell you what, I'll take back everything I said if you can prove this scenario couldn't happen:

Say I'm a dev and I see peercoin's Proof-of-Stake (PoS) algorithm and I believe I can do better. I have the idea to use PoS and combine it with a marketplace for all cryptocurrencies. Let's say I name this cryptocurrency NXT. Since I'm a smart anonymous developer I realize hmmm what if I were to create multiple bitcointalk.org accounts and distribute NXT between some of the well known developers but still keep a majority myself by using my multiple accounts to make it seem like I'm several people at once. Lets say I accomplish this and own 40% of NXT. Then Since I easily have the most NXT I start manipulating the market by having huge sell offs then buying up more while its cheaper. Each time I do this I control more and more of NXT making it easier and easier to manipulate while I'm gaining profits the whole time by controlling the volatility.

Now please someone, anyone, tell me specifically how that can't happen and I'll admit I'm wrong.
hero member
Activity: 715
Merit: 500
HAHAHA Yeah your right, my life is very sad but I guess you can say the same thing about yours then.  Roll Eyes You commented on this thread too. You can try to insult me all you want but the fact that you do just means I won the debate to any person who can see through bullsh*t. I will admit NXT has good programming behind it but no sane person is going to trust anonymous devs who, I'll say it again CONTROLLED 100% of the initial distribution!

What else would you expect from a college dropout who is hawking his own portfolio of shit alts.  What a pathetic fucking loser.  Let me give you a little piece of advice Michael.  If you want any chance to be successful in the business world, don't go around bad mouthing competitors.  Otherwise, you will spend the rest of your working life as you began it, as a parking valet.
legendary
Activity: 2156
Merit: 1131
Quote
fairness is a fake concept which has no place in capitalism
if u dont know this then u are delusional.  there is no fair cryptocurrency, this is hyprocite talk
look at bitcon its the worst obviously. fairness is such a joke anyway. there is no such thing as fairness in this world
For the record bitcoin is not the worst in any way, NXT is! With bitcoin it was impossible for Satoshi Nakamoto to control the distribution of bitcoin, therefore anyone could join in early and reap the benefits. NXT's initial distribution was 100% CONTROLLED! Idk why anyone would buy any type of currency that was 100% controlled but then again the federal reserve got away with it. Huh I guess we have to accept most people on this planet are on the verge of being mentally retarded without the ability to think for themselves and I don't mean that as an insult but more a fact. My vote is for Horizon which has a fair distribution and is even better than NXT because of it's true peer-to-peer market.
Hahaha. Don't you have other things to do than trolling on a thread that no one is watching ?
I guess no. How sad is your life...
I never heard about "Horizon" but thanks to you, everyone seeing your comment will think it's a piece of shit.
What a great advertising you did, good job.
HAHAHA Yeah your right, my life is very sad. You commented on this thread too. You can try to insult me all you want but the fact that you do just means I won the debate to any person who can see through bullsh*t. I will admit NXT has good programming behind it but no sane person is going to trust anonymous devs who, I'll say it again CONTROLLED 100% of the initial distribution!

Wait...  is that you on this video ?
Morton Bitcoin Management arrive on bitcointalk.org
legendary
Activity: 1246
Merit: 1000
Quote
fairness is a fake concept which has no place in capitalism
if u dont know this then u are delusional.  there is no fair cryptocurrency, this is hyprocite talk
look at bitcon its the worst obviously. fairness is such a joke anyway. there is no such thing as fairness in this world
For the record bitcoin is not the worst in any way, NXT is! With bitcoin it was impossible for Satoshi Nakamoto to control the distribution of bitcoin, therefore anyone could join in early and reap the benefits. NXT's initial distribution was 100% CONTROLLED! Idk why anyone would buy any type of currency that was 100% controlled but then again the federal reserve got away with it. Huh I guess we have to accept most people on this planet are on the verge of being mentally retarded without the ability to think for themselves and I don't mean that as an insult but more a fact. My vote is for Horizon which has a fair distribution and is even better than NXT because of it's true peer-to-peer market.

Hahaha. Don't you have other things to do than trolling on a thread that no one is watching ?
I guess no. How sad is your life...
I never heard about "Horizon" but thanks to you, everyone seeing your comment will think it's a piece of shit.
What a great advertising you did, good job.


HAHAHA Yeah your right, my life is very sad but I guess you can say the same thing about yours then.  Roll Eyes You commented on this thread too. You can try to insult me all you want but the fact that you do just means I won the debate to any person who can see through bullsh*t. I will admit NXT has good programming behind it but no sane person is going to trust anonymous devs who, I'll say it again CONTROLLED 100% of the initial distribution!

No worries, NXT will succeed with or without you.  Good luck with your horizoncoin.
newbie
Activity: 24
Merit: 0
Quote
fairness is a fake concept which has no place in capitalism
if u dont know this then u are delusional.  there is no fair cryptocurrency, this is hyprocite talk
look at bitcon its the worst obviously. fairness is such a joke anyway. there is no such thing as fairness in this world
For the record bitcoin is not the worst in any way, NXT is! With bitcoin it was impossible for Satoshi Nakamoto to control the distribution of bitcoin, therefore anyone could join in early and reap the benefits. NXT's initial distribution was 100% CONTROLLED! Idk why anyone would buy any type of currency that was 100% controlled but then again the federal reserve got away with it. Huh I guess we have to accept most people on this planet are on the verge of being mentally retarded without the ability to think for themselves and I don't mean that as an insult but more a fact. My vote is for Horizon which has a fair distribution and is even better than NXT because of it's true peer-to-peer market.

Hahaha. Don't you have other things to do than trolling on a thread that no one is watching ?
I guess no. How sad is your life...
I never heard about "Horizon" but thanks to you, everyone seeing your comment will think it's a piece of shit.
What a great advertising you did, good job.


HAHAHA Yeah your right, my life is very sad but I guess you can say the same thing about yours then.  Roll Eyes You commented on this thread too. You can try to insult me all you want but the fact that you do just means I won the debate to any person who can see through bullsh*t. I will admit NXT has good programming behind it but no sane person is going to trust anonymous devs who, I'll say it again CONTROLLED 100% of the initial distribution!
hero member
Activity: 532
Merit: 500
sure it not a scam, their dev did a great job
                                                                 
legendary
Activity: 1246
Merit: 1000
Quote
fairness is a fake concept which has no place in capitalism
if u dont know this then u are delusional.  there is no fair cryptocurrency, this is hyprocite talk
look at bitcon its the worst obviously. fairness is such a joke anyway. there is no such thing as fairness in this world
For the record bitcoin is not the worst in any way, NXT is! With bitcoin it was impossible for Satoshi Nakamoto to control the distribution of bitcoin, therefore anyone could join in early and reap the benefits. NXT's initial distribution was 100% CONTROLLED! Idk why anyone would buy any type of currency that was 100% controlled but then again the federal reserve got away with it. Huh I guess we have to accept most people on this planet are on the verge of being mentally retarded without the ability to think for themselves and I don't mean that as an insult but more a fact. My vote is for Horizon which has a fair distribution and is even better than NXT because of it's true peer-to-peer market.

Hahaha. Don't you have other things to do than trolling on a thread that no one is watching ?
I guess no. How sad is your life...
I never heard about "Horizon" but thanks to you, everyone seeing your comment will think it's a piece of shit.
What a great advertising you did, good job.


Exactly.

Horizon is #128 on coinmarketcap with $282 24hr volume  Cheesy

Get the fuck out of here Morton Bitcoin Management
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