NXT, the ultimate SCAM, will it die because of 100% pre-mine given to 50 people? - page 4.

superresistant

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Quote from: Morton Bitcoin Management on June 17, 2015, 09:51:45 PM

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.

NorrisK

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Activity: 1946

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Quote from: Morton Bitcoin Management on June 17, 2015, 09:51:45 PM

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.

Don't be butthurt that you didn't join the IPO if nxt... Everybody had a chance to join, but IPO where new back then and people were scared.. Stop bitching about the distribution..

Morton Bitcoin Management

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.

sofu

legendary

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Degenerate Crypto Gambler

Congratulations to all who bought NXT below 5k. Today we are braking the 2 month downtrend line. Its not to late to jump in Cool

achimsmile

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Quote from: Lorenzo on November 23, 2014, 10:35:50 AM

One stake per ~~person~~ account.

ftfy, there's a rather big difference between the two.
Do I remember correctly that UtopianFuture (and possibly others) claimed multiple stakes?

zanzibar

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Quote from: ?? on ??

Quote from: Lorenzo on November 23, 2014, 12:18:38 AM

NXT isn't doing well right now although I would still say it is a pretty successful coin overall.

NXT is a coin that has some very innovative technology but with bad distribution (73 initial stakeholders, blah blah).

One of the reasons why the NXT price is so low is due to these whales dumping whenever the price of NXT rises a bit.

NXT is 100% proof-of-stake so it cannot be mined and therefore all the initial coins must be generated at once in the genesis block. Therefore, to say that it was "premined" would be somewhat misleading. All PoS coins must be distributed in some manner. NXT - being the first 100% PoS coin, chose to take the IPO route. Peercoin used a mining phase that would be gradually phased out. Other PoS coins like NEM and BitsharesX, and Counterparty (which is actually not PoS nor PoW but proof-of-burn) have used their own unique methods of distribution.

Nem is not pos. It's proof of importance and .entirely written from scratch. Very very different in every aspect of its creation including its distribution to thousands of people each getting an equal share.

It's also different because the founder created several sockpuppets to claim multiple stakes (Utopian) Wink

Lorenzo

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Quote from: ?? on ??

Quote from: Lorenzo on November 23, 2014, 12:18:38 AM

NXT isn't doing well right now although I would still say it is a pretty successful coin overall.

NXT is a coin that has some very innovative technology but with bad distribution (73 initial stakeholders, blah blah).

One of the reasons why the NXT price is so low is due to these whales dumping whenever the price of NXT rises a bit.

NXT is 100% proof-of-stake so it cannot be mined and therefore all the initial coins must be generated at once in the genesis block. Therefore, to say that it was "premined" would be somewhat misleading. All PoS coins must be distributed in some manner. NXT - being the first 100% PoS coin, chose to take the IPO route. Peercoin used a mining phase that would be gradually phased out. Other PoS coins like NEM and BitsharesX, and Counterparty (which is actually not PoS nor PoW but proof-of-burn) have used their own unique methods of distribution.

Nem is not pos. It's proof of importance

NEM's proof-of-importance is a variation of proof-of-stake but with other factors taken into account to discourage hoarding and prevent whales from staking all the coins.

Quote

and .entirely written from scratch.

This I probably agree with.

Quote

Very very different in every aspect of its creation including its distribution to thousands of people each getting an equal share.

Hence the "unique methods of distribution". NEM stakes were distributed for free and then for a small fee. One stake per person. BitSharesX used a combination of mining via Protoshares and donations to Bitshares AGS. NXT used the IPO, etc.

TotalPanda

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vertex output parameter not completely initialized

http://www.ournem.com/ Roll Eyes

Lorenzo

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NXT isn't doing well right now although I would still say it is a pretty successful coin overall.

NXT is a coin that has some very innovative technology but with bad distribution (73 initial stakeholders, blah blah).

One of the reasons why the NXT price is so low is due to these whales dumping whenever the price of NXT rises a bit.

NXT is 100% proof-of-stake so it cannot be mined and therefore all the initial coins must be generated at once in the genesis block. Therefore, to say that it was "premined" would be somewhat misleading. All PoS coins must be distributed in some manner. NXT - being the first 100% PoS coin, chose to take the IPO route. Peercoin used a mining phase that would be gradually phased out. Other PoS coins like NEM and BitsharesX, and Counterparty (which is actually not PoS nor PoW but proof-of-burn) have used their own unique methods of distribution.

EvilDave

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Quote from: dwma on November 22, 2014, 03:08:57 PM

NXT got what they deserved on dealing with bluemeanie. If they weren't so obessed with their own greed they would have seen what he is by how he presented himself outside the NXT community.

WTF ? Can you explain that ?
I think you may be missing some of the story here.
BM got hired by Nxt as a dev, and he seemed like a normal person at the time. Then all hell broke loose......
There didn't seem to be any reason then to be suspicious of him, unless you actually know somethng I don't?

Daedelus

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Quote from: Coinshot on November 22, 2014, 03:12:48 PM

There were some who donated many times, but there is no way to know how many.

Logic fail....

BTW, 101-103 (I can't remember exactly) is the true figure of initial stakeholders. Only 72 (and later 73) actually bothered to claim their stakes. I guess we should blame Nxt for that too...

Anyway, everyone knows Nxt was invented my higher intelligence aliens and passed to BCNext as their ambassador. He has gone now as he was just visiting and will return to free all humankind when the time is right...

Why the sudden interest to dig up dead threads? Huh

Oh yes, that's right... Nxt has a new release around the corner.

Ok, Carry on. Cheesy

Coinshot

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The number of donations were 73. There were some who donated many times, but there is no way to know how many. Then how does he come up with 50 number Undecided

dwma

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NXT got what they deserved on dealing with bluemeanie. If they weren't so obessed with their own greed they would have seen what he is by how he presented himself outside the NXT community.

cryptonikus

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I dont think that TS is UF, because UF was more responsible towards NEM. UF would understand that by TROLLing with the same account as he usese in NEM community he is actually hurting NEM.

And I dont think NXT is scam, it is great technology+talented people but bad stigma.

EvilDave

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Quote from: CryptoCarmen on October 05, 2014, 03:29:03 PM

Quote from: Come-In-Behind on October 05, 2014, 01:28:19 PM

NXT, I have to agree is a scam/shitcoin.

From what i read here i could agree with you.

Well, you'd be wrong. Seriously....come on over to the main NXT forum:
possibly the best forum in the world
and check NXT out properly.

And as for this lunatic, who was a few months ago an enthusiastic NXT supporter and employed by jl777:

Quote from: bluemeanie1 on October 05, 2014, 12:38:08 PM

Just want to note here briefly the NXT project has been embroiled in scandals lately and possibly even a lawsuit.

I had recently contacted New York Department of Financial Services regarding them. Ive made a number of submissions to this site recently regarding them.

The only interesting scandal around NXT right now is the fallout from BlueMeanies vendetta against NXT, and the only interesting lawsuit is going to end with Joshua Zeidner / BlueMeanie regretting being such a nutter. If he has the balls to actually talk to a lawyer, as per his threats.
And yes, a number of submissions: spamming the f**k out of BTT with lies and nonsense, he means.

Still , we might get a movie out of it:
https://bitcointalksearch.org/topic/m.9096499

And we do have a great story on CoinTelegraph:

Joshua 'Buttmonkey' Zeidner: the truth

And, lastly, just in case anyone thinks Bluemeanie/Moneroman88 is only a threat to NXT and Monero:

Quote from: bluemeanie1 on October 01, 2014, 08:14:18 PM

*CUT*

To say the least, this region is in need of some major cleanup. I absolutely applaud Ben Lawsky's efforts to reign in all this activity. These projects are festering pits of crime and derangement, and that goes for practically every one. I officially have ZERO interest in any existing crypto project. I assume they are all scams and this situation will persist until Lawsky et al. cleans things up. I dont plan to further involve myself in this space as a developer until I see a major qualitative change in how things operate. Regulation is NEEDED 100%. Those who are resisting it are those who foresee their illicit income streams coming to an end.

BM is on a self-appointed crusade against all crypto, apparently.

CryptoCarmen

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Quote from: Come-In-Behind on October 05, 2014, 01:28:19 PM

NXT, I have to agree is a scam/shitcoin.

From what i read here i could agree with you.

Come-In-Behind

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NXT, I have to agree is a scam/shitcoin.

SZZT

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Quote from: bluemeanie1 on October 05, 2014, 12:38:08 PM

Just want to note here briefly the NXT project has been embroiled in scandals lately and possibly even a lawsuit.

I had recently contacted New York Department of Financial Services regarding them. Ive made a number of submissions to this site recently regarding them.

Bluemeanie1/joshua zeidner, return the stolen funds instead for resurrecting dead FUD threads
http://cointelegraph.com/news/112643/the-mystery-of-the-missing-1000000-nxt

bluemeanie1

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bluemeanie

Just want to note here briefly the NXT project has been embroiled in scandals lately and possibly even a lawsuit.

I had recently contacted New York Department of Financial Services regarding them. Ive made a number of submissions to this site recently regarding them.

From Above

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Quote from: IMZ on August 17, 2014, 04:17:27 AM

IndiaMikeZulu in da house. We have decided to base ourselves in NXT (and Unobtaium --POW.has a place).

Am reading up on every asset. Here are realities that we were talking about well before NXT was launched -- like a way of cutting BTC out of the equation. Gee yeh -- that'll never catchbon. Wa ha ha

Mark, Australia

thx for reviving this thread of truth little man ! Spoetnik Approved™

~CfA™~

Topic: NXT, the ultimate SCAM, will it die because of 100% pre-mine given to 50 people? - page 4. (Read 15033 times)