NXT vs Bitcoin, Litecoin, Peercoin and Quark - page 3.

FrictionlessCoin

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Quote from: Netnox on January 17, 2014, 02:26:22 PM

I can't believe you are putting nxt above those top coins. Those who got a huge share of the 100% pre mined coins which where made out of thin air for cheap are doing everything to get it's value up to get rich.

You had a room of Russian programmers who couldn't afford either the GPUs or the ASIC mining equipment, so they hatched a plan. Let us create a coin with zero mining and let's allocate the coins to ourselves and our girlfriends.

Then let's make big claims like 'colored coins', 'decentralized exchange' etc. Which incidentally, isn't even implemented!

Then finally, let's have it traded in an exchange with 'funny' money. Make up a market like there's actually BTC trading in it.

FrictionlessCoin

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Quote from: LiQio on January 17, 2014, 03:25:04 AM

Quote from: PinkPotatos on January 16, 2014, 07:29:13 PM

lol ok. its not a premine, they only premined them all but they are branding it as a needed "feature"

bAA aaaaAAaAAaAAAaaaaa

write a good concept: proposal of coin distribution in a 100% PoS currency

if it's good enough, you can fork NXT and will be a rich man, right?

(in the meantime read more and write less)

I think that is their greatest fear. That is why they refuse to release the source code.

Some guy will just fork it and create a fair distribution.

All he needs is just some digitalocean nodes that he can buy at $5 per month. No expensive mining equipment required. Truly a zero cost coin to acquire and maintain.

Netnox

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I can't believe you are putting nxt above those top coins.

Those who got a huge share for cheap of the 100% pre mined coins, which where made out of thin air,
are doing everything to get it's value up to get rich.

FrictionlessCoin

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NXT was created by a group of anonymous Russian programmers who issued 1 billion coins at zero cost.

The model is so flimsy that this group refuses the release the source code in fear that someone else might just issue their own billion coins.

Meanwhile, for all these other coins, time, energy and resources are spent every day to acquire the coins.

So tell me again why a NXT coin has any value other than zero?

mikaljan

sr. member

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I like the "NXT"

DUMmy97531

newbie

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Unfortunately YOU do not understand the NXT distribution model....

Whether is was premined by one guy or 70 (as in this case) the distribution is concentrated and buying in is not worth it.

I can think of various ways of having a better distribution model e.g

1) Similar to the lottery coin were is simple mining process was included until a certain number of block have been generated.

2) a lottery type of distribution based on ones BTC or LTC wallet address and requiring a minimum of a certain number of coins, which can be verified from the block chain and by ensuring that people do not create multiple addresses. Maybe a time delay ....?

3) a serious elaborate marking campaign before they were distributed.

4) a minimum number of say, 10 000 or more, early adopters.

5) Peercoin is a better example of Proof of Stake and distribution model.

etc ....

This is nothing better than Ripple, etc.

The distribution model concentrated in the 70 guys just does not gel for me .... Early adopters ...... that principle is just not fair.....

The other ideas are good, but NXT is not a payment coin, neither is Protoshare nor Megacoin or whatever its name is. So do not compare it to BTC or LTC.

BTW I currently only have BTC, LTC and Protoshare, but I am not stuck to them ....

Uniqueorn

full member

Activity: 182

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NXT.org

It's actually encouraging to see how barrier breaking POS is, people stuck in PoW can't even grasp it yet.
NXT generation has a long and bright future.

ZeroBarrier

full member

Activity: 140

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Quote from: Uniqueorn on January 16, 2014, 07:23:40 PM

Quote from: PinkPotatos on January 16, 2014, 07:17:21 PM

lol infographics means i should buy your premine!

No, it means you should actually read them and attempt to comprehend the actual differences between NXT and other cryptocurrencies and not just regurgitate some FUD you've read.

The fact that all coins exist from go is essential and a feature of NXT, it's very different from being premined.
Every person on Earth could've bought into the genesis block, the fact that you missed out (hey, I did too) has nothing to do with making NXT premined. It simply isn't.

The most successful scams are the ones that make the mark believe he/she needs what is being sold/offered/provided to them. Think about that.

maka

newbie

Activity: 54

Merit: 0

Please send ALL the nxt coins to me. I am a very fair person. I can guarantee a far more fair distribution on this planet than those 70 speculators.

Send ALL the nxt coins to me, please.

bykardinal

hero member

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<3 DeepOnion

nice try, but nxt sux anyway

sakkosekk

full member

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Quote from: Uniqueorn on January 16, 2014, 07:23:40 PM

Quote from: PinkPotatos on January 16, 2014, 07:17:21 PM

lol infographics means i should buy your premine!

No, it means you should actually read them and attempt to comprehend the actual differences between NXT and other cryptocurrencies and not just regurgitate some FUD you've read.

The fact that all coins exist from go is essential and a feature of NXT, it's very different from being premined.
Every person on Earth could've bought into the genesis block, the fact that you missed out (hey, I did too) has nothing to do with making NXT premined. It simply isn't.

No, every person could not buy it. 70 people on a small forum could. Dalai lama could not buy it, it just stupid to say something like that. "The anyone could buy it" argument just doesn't hold up. There are not enough people on this forum and 70 initial shareholders is not enough. Like it or not, the coin distribution is horrible. In NXTs defence - how else could they do it?

I am holding my NXT, even though the coin distribution is bad. IDK if the market will care about that in the future, but my personal opinion of how good NXT is does not validate the coin distribution. My opinion has noting to do with it.

LiQio

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Quote from: PinkPotatos on January 16, 2014, 07:29:13 PM

lol ok. its not a premine, they only premined them all but they are branding it as a needed "feature"

bAA aaaaAAaAAaAAAaaaaa

write a good concept: proposal of coin distribution in a 100% PoS currency

if it's good enough, you can fork NXT and will be a rich man, right?

(in the meantime read more and write less)

lucky88888

sr. member

Activity: 404

Merit: 250

https://nxtforum.org/

Read the infographics.
If you like it, take it.
If you don't, then go browse another place.

Mature positive feedbacks welcome, no FUD.

Uniqueorn

full member

Activity: 182

Merit: 100

NXT.org

Quote from: denario on January 16, 2014, 07:47:30 PM

Trolling other coins sucks

Nextcoin sucks

Not trolling anything, like I mention in OP: I have nothing against either of these coins.

And if "Nextcoin sucks" is indicative of your intellect, I end this discussion here.

denario

newbie

Activity: 29

Merit: 0

Trolling other coins sucks

Nextcoin sucks

Uniqueorn

full member

Activity: 182

Merit: 100

NXT.org

Quote from: PinkPotatos on January 16, 2014, 07:29:13 PM

lol ok. its not a premine, they only premined them all but they are branding it as a needed "feature"

bAA aaaaAAaAAaAAAaaaaa

How is it like being unable to read ?
I am actually very unsure whether I am to continue this discussion because the less morons involved in NXT, the better, but hey incase someone intelligent comes along that also decided to just skip the infographics (Which explain everything you need to disspell this myth) here's one last try:

A N Y O N E could buy their share of NXT, ANYONE, you, me, Dalai Lama - ANYONE - could buy NXT. There was no limit on how many could buy.
This is actually the EXACT opposite of premining.
Premining means that the creators of a altcoin mines a certain portion (often huge portion) before it's accesible to anyone else, this is the exact opposite of NXT. NXT was available to anyone who wanted to buy a share of the genesis block.

I should charge your parents for having to school you, but given the special education bills they must be stacking up I will let it slide.

PinkPotatos

full member

Activity: 126

Merit: 100

Girls dont crypto?

lol ok. its not a premine, they only premined them all but they are branding it as a needed "feature"

bAA aaaaAAaAAaAAAaaaaa

Uniqueorn

full member

Activity: 182

Merit: 100

NXT.org

Quote from: PinkPotatos on January 16, 2014, 07:17:21 PM

lol infographics means i should buy your premine!

No, it means you should actually read them and attempt to comprehend the actual differences between NXT and other cryptocurrencies and not just regurgitate some FUD you've read.

The fact that all coins exist from go is essential and a feature of NXT, it's very different from being premined.
Every person on Earth could've bought into the genesis block, the fact that you missed out (hey, I did too) has nothing to do with making NXT premined. It simply isn't.

PinkPotatos

full member

Activity: 126

Merit: 100

Girls dont crypto?

lol infographics means i should buy your premine!

Uniqueorn

full member

Activity: 182

Merit: 100

NXT.org

Due to the increasing confusion surrounding NXT and the other altcoins in general I think it's time to publish these infographics here.
They are not meant to downplay or unjustly dismiss any of the other cryptocurrencies, but simply compare and highlight the facts and benefits of NXT.

NXT vs Bitcoin

NXT vs Litecoin

NXT vs Peercoin

NXT vs QuarkCoin

Topic: NXT vs Bitcoin, Litecoin, Peercoin and Quark - page 3. (Read 9896 times)