The point of mining is that the mining launch of a coin is vastly more fair than premining or no mining.
Yeah mining is so fair, everyone have a mining rig. Everyone.
Topic: POLL: What are the biggest scam/sh*t coins out there? - page 2. (Read 9309 times)
Yeah mining is so fair, everyone have a mining rig. Everyone.
BTC 
Premined
Speculation
Premined
Speculation
Bitcoin wasn't premined. That myth was debunked years ago.
Congrats. U play with words at grand master level!
BTC
Premined
Speculation
Premined
Speculation
Bitcoin wasn't premined. That myth was debunked years ago.
BTC
Premined
Speculation
Premined
Speculation
2. NXT - love the differentiation but man what a crap product and no mining of coins is a deal killer.
Miner's mentality, hehe.
I currently have 600 khs mining random coins. I wouldn't call myself a miner. The point of mining is that the mining launch of a coin is vastly more fair than premining or no mining. What makes a crypto currency worth owning is if you are not simply participating in someone's veiled scheme to pump their coin and dump them for 25,000 BTC in the first month they hit an exchange. Yes almost every Alt fits this category to SOME degree, a premined or no-mine coin is absolutely a farce, nobody that ever starts a premined or no-mined coin has any real plans of changing the world, only changing their own fortunes as quickly as possible.
People paid bitcoins for NXT. Each bitcoin was mined. Hence for each 1 NXT people paid with PoW and electricity.
According to Come-from-Beyond there was a "change in plans" from the planned January 3rd launch date.
This "change in plans" is irrelevant to the issue, coz Come-from-Beyond, just like u, confused BCNext's posts with posts of other guys.
U lost this train, deal with it and try to jump to Ethereum or something else...
That's what I've been doing. I was ignoring NXT but it keeps popping up in discussions of other projects I'm following, and I'd finally had enough of it, and the claims that everyone who wanted to invest in it was allowed to. That is a lie.
Well, I see that none of us has enough arguments to prove his point, later discussion doesn't make sense.
2. NXT - love the differentiation but man what a crap product and no mining of coins is a deal killer.
Miner's mentality, hehe.
I currently have 600 khs mining random coins. I wouldn't call myself a miner. The point of mining is that the mining launch of a coin is vastly more fair than premining or no mining. What makes a crypto currency worth owning is if you are not simply participating in someone's veiled scheme to pump their coin and dump them for 25,000 BTC in the first month they hit an exchange. Yes almost every Alt fits this category to SOME degree, a premined or no-mine coin is absolutely a farce, nobody that ever starts a premined or no-mined coin has any real plans of changing the world, only changing their own fortunes as quickly as possible.
According to Come-from-Beyond there was a "change in plans" from the planned January 3rd launch date.
This "change in plans" is irrelevant to the issue, coz Come-from-Beyond, just like u, confused BCNext's posts with posts of other guys.
U lost this train, deal with it and try to jump to Ethereum or something else...
That's what I've been doing. I was ignoring NXT but it keeps popping up in discussions of other projects I'm following, and I'd finally had enough of it, and the claims that everyone who wanted to invest in it was allowed to. That is a lie.
According to Come-from-Beyond there was a "change in plans" from the planned January 3rd launch date.
This "change in plans" is irrelevant to the issue, coz Come-from-Beyond, just like u, confused BCNext's posts with posts of other guys.
U lost this train, deal with it and try to jump to Ethereum or something else...
2. NXT - love the differentiation but man what a crap product and no mining of coins is a deal killer.
Miner's mentality, hehe.
Do you deny that the pre-sale was closed early without advance notice to prevent dilution of existing investment?
No idea why it was closed when it was closed. It doesn't matter anyway coz the deadline for investment wasn't set.
the new quantum computers the government has Where a classical computer would take 5 trillion years to factor a 5,000 digit number, a quantum computer could finish in 2 minutes. bitcoin is gone, quark is the future
Quark is the future for the next 4 months. Then it's gone. Taken over by 51% attacks and double spendings, which it is not safe of at all, oh and by very regular computers.
the new quantum computers the government has Where a classical computer would take 5 trillion years to factor a 5,000 digit number, a quantum computer could finish in 2 minutes. bitcoin is gone, quark is the future
wow QRK - Quarkcoin @ 90 (9.7%) ;/ why?
98% instamine. Don't why people keep mining this one.
Also, if USDe was on the list I'd vote for it. Billed as fair launch, then instamined. Was at about block 6000 before my client even sync'd.
ignorance and gullibility
wow QRK - Quarkcoin @ 90 (9.7%) ;/ why?
98% instamine. Don't why people keep mining this one.
Also, if USDe was on the list I'd vote for it. Billed as fair launch, then instamined. Was at about block 6000 before my client even sync'd.
Ugh, so many ill-informed people in this thread quick to jump to conclusions based on ignorance. I can't believe how many of these coins got votes. I mean, something like Peercoin for example at 7? 7 people think this is a scam coin? lol...
Where is Ethereum? That is the definition of a scam coin. A Pre-Mined POW made by a serial coin creator.
if there is no mining it is a scheme, pure and simple. No amount of words or platitude can remove the reality that ALL positions in the matrix were filled at the beginning, selling the seats is meaningless, pre notification is meaningless. If you don't mine new coins at launch, it is a scam.
Hi Johnny, looks like your text got mixed up with my quote, here it is split out.
It's kind of funny that some of the coins that got rated the highest as most likely to grow in 2014 similarly got rated highest as most likely to be shit or a scam.
I voted for NXT coins though, because the fine print on its exchange reads something like "All bitcoins placed into the exchange belong to the exchange.", and the owner of the exchange, and the main NXT website, also owns another domain with the word "Ponzi" in it for some reason.
It's an interesting concept but it needs to be steered clear of at all costs with the people running it.
I voted for NXT coins though, because the fine print on its exchange reads something like "All bitcoins placed into the exchange belong to the exchange.", and the owner of the exchange, and the main NXT website, also owns another domain with the word "Ponzi" in it for some reason.
It's an interesting concept but it needs to be steered clear of at all costs with the people running it.
NXT got my vote as well. They closed their investment 6 weeks early without advance notice to avoid dilution of existing investment, so the early investors could own a much larger stake, and then start selling a week later at a 4762% markup.
I see they are #2 and should be #1 on the list.
Aye, we know that u r upset, u already posted this in another thread.
Yes, there would always be angry people, but NXT would be able to make the claim that everyone who knew about it and made the stated deadline was able to invest.
Do you deny that the pre-sale was closed early without advance notice to prevent dilution of existing investment?
I checked all BCNexts's posts and there had never been any time limit or number of stakeholders
According to Come-from-Beyond there was a "change in plans" from the planned January 3rd launch date. The deadline for investment was ambiguous, which was what I was asking clarification of, though others posting in the thread also took the 3rd as the deadline for investment.
From https://bitcointalk.org/index.php?topic=303898.480 :
Can we still join in between now and January 3? I haven't really seen any clear definition of a deadline.
I'm waiting for the answer. BCNext reads this thread.
Some changes in the plan:
1. Fundraising is over. That last 1 BTC, sent after the 2nd marking transaction, will be accepted but no more deposits should be made.
2. Nxt will be launched earlier than on the 3rd of January, right after the final test.
3. New Nxt users r supposed to be attracted by selling NXT and distributing via Nxt Faucet.
4. Messaging feature will be released later to avoid situation when somebody attempts to bloat the blockchain making it too huge for newcomers.
BTW we need one more bootstrapping server, coz 2 servers is not enough.
1) the main dev (BCNext) no longer posts directly to this thread but you purport to communicate with him and speak for him about the project, something we can't confirm,
2) the deadline for contributing BTC to acquire Nxt, which was originally described as being open until the genesis block was approved by the community sometimes at least a month from now, is now suddenly declared over with no advance warning; and
3) the BTC that were already sent to acquire Nxt, which the main dev (BCNext) promised earlier in this thread not to touch until the genesis block was generated, have now been moved.
Again, do you deny that the pre-sale was closed early without advance notice to prevent dilution of existing investment, or if you prefer, do you deny that the pre-sale was closed
It's kind of funny that some of the coins that got rated the highest as most likely to grow in 2014 similarly got rated highest as most likely to be shit or a scam.
I voted for NXT coins though, because the fine print on its exchange reads something like "All bitcoins placed into the exchange belong to the exchange.", and the owner of the exchange, and the main NXT website, also owns another domain with the word "Ponzi" in it for some reason.
It's an interesting concept but it needs to be steered clear of at all costs with the people running it.
I voted for NXT coins though, because the fine print on its exchange reads something like "All bitcoins placed into the exchange belong to the exchange.", and the owner of the exchange, and the main NXT website, also owns another domain with the word "Ponzi" in it for some reason.
It's an interesting concept but it needs to be steered clear of at all costs with the people running it.
NXT got my vote as well. They closed their investment 6 weeks early without advance notice to avoid dilution of existing investment, so the early investors could own a much larger stake, and then start selling a week later at a 4762% markup.
I see they are #2 and should be #1 on the list.
Aye, we know that u r upset, u already posted this in another thread.
if there is no mining it is a scheme, pure and simple. No amount of words or platitude can remove the reality that ALL positions in the matrix were filled at the beginning, selling the seats is meaningless, pre notification is meaningless. If you don't mine new coins at launch, it is a scam.
Yes, there would always be angry people, but NXT would be able to make the claim that everyone who knew about it and made the stated deadline was able to invest.
Do you deny that the pre-sale was closed early without advance notice to prevent dilution of existing investment?
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