Author

Topic: [SKY] Skycoin Launch Announcement - page 180. (Read 381579 times)

hero member
Activity: 798
Merit: 500
February 18, 2014, 10:51:13 AM
Reality check dude... It's not just me who thinks Nxt had a crappy distribution.  Just check out the polls out there.

I didn't say anything about quality of distribution, I simply pointed out that you lied.
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
February 18, 2014, 10:46:44 AM
Numbers don't lie!!

You said 9 people own a majority of all Nxt which is a lie confirmed by the numbers.

What's up with your brain? ps. this thread is about Skycoin and not your frustration with Nxt distribution.

The discussion was about crappy distributions.

I wasn't the author who brought up the Nxt crappy distribution.  I was just agreeing with the observation.

Reality check dude... It's not just me who thinks Nxt had a crappy distribution.  Just check out the polls out there.
hero member
Activity: 798
Merit: 500
February 18, 2014, 10:31:20 AM
Numbers don't lie!!

You said 9 people own a majority of all Nxt which is a lie confirmed by the numbers.

What's up with your brain? ps. this thread is about Skycoin and not your frustration with Nxt distribution.
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
February 18, 2014, 10:21:11 AM
73 people new about Nxt IPO and they abruptly shut it down quickly without advance notice.

If you actually look at the distribution, about 9 people own a majority of all Nxt.  

We've also heard a lot of complaints about Quark that had most of its mining for about 6 months.   By comparison, Quark was a much fairer distribution than Nxt.  

Debunking Friction's funny lie: http://www.nxtcrypto.org/nxtcoin/nxt-distribution-infographic

Dude... did you read the infographic you just posted?

0.07% of Nxt users own 29%
0.14% of Nxt users own 21%
0.55% of Nxt users own 25%
----------------------------
0.76 % of Nxt users own 75% of Nxt
99.76% of Nxt users own 21% of Nxt.

Numbers don't lie!!
hero member
Activity: 798
Merit: 500
February 18, 2014, 10:08:45 AM
73 people new about Nxt IPO and they abruptly shut it down quickly without advance notice.

If you actually look at the distribution, about 9 people own a majority of all Nxt.  

We've also heard a lot of complaints about Quark that had most of its mining for about 6 months.   By comparison, Quark was a much fairer distribution than Nxt.  

Debunking Friction's funny lie: http://www.nxtcrypto.org/nxtcoin/nxt-distribution-infographic
legendary
Activity: 868
Merit: 1000
Cryptotalk.org - Get paid for every post!
February 18, 2014, 10:05:09 AM
By assigning himself to be the distributor of all coins, he's taking on the role of Federal Reserve.  Controlling money supply... manipulating price... sounds familiar?  I don't understand why people think NXT's distribution model is horrible.  The way NXT did it was horrible, yes.  But the concept is not.  Put a hardcap of 1 BTC per investor and I think you'll get a pretty nice even distribution.  Also, I think biggest reason NxT IPO was a failure is that it was ended too early without a lot of investors knowing about it.  If given enough time, many people will join Skycoin IPO.

Edit.  The reason why I like Nxt style IPO is that it's free market approach.  Initial coin price is dictated by IPO demand.  And after IPO, coin price will fluctuate depending on simple Supply/Demand.  I just think this is better than Dev team artificially coming up with a set price for coins that hasn't even seen a light of day.  It's extremely difficult to predict the market and thus come up with accurate price of a coin before IPO IMHO. 

73 people new about Nxt IPO and they abruptly shut it down quickly without advance notice.

If you actually look at the distribution, about 9 people own a majority of all Nxt. 

We've also heard a lot of complaints about Quark that had most of its mining for about 6 months.   By comparison, Quark was a much fairer distribution than Nxt.   

Anyway,  distribution is always going to be tricky.   The best distribution however is one that distributes the coin first to stake holders that will make a bit contribution to the code base.   Kind of like most successful companies,  you don't want to give a lot of equity people who don't contribute.   We haven't figured this one out yet though!
sr. member
Activity: 382
Merit: 256
February 18, 2014, 08:46:12 AM
We are in a launch announcement thread... but is there ever going to be a launch announcement?

+1

The thread should be renamed pre-launch or something similar. With dates on when the announcement will be made.
hero member
Activity: 574
Merit: 500
February 18, 2014, 08:15:20 AM
We are in a launch announcement thread... but is there ever going to be a launch announcement?
member
Activity: 82
Merit: 10
February 18, 2014, 07:56:03 AM
By assigning himself to be the distributor of all coins, he's taking on the role of Federal Reserve.  Controlling money supply... manipulating price... sounds familiar?  I don't understand why people think NXT's distribution model is horrible.  The way NXT did it was horrible, yes.  But the concept is not.  Put a hardcap of 1 BTC per investor and I think you'll get a pretty nice even distribution.  Also, I think biggest reason NxT IPO was a failure is that it was ended too early without a lot of investors knowing about it.  If given enough time, many people will join Skycoin IPO.

Edit.  The reason why I like Nxt style IPO is that it's free market approach.  Initial coin price is dictated by IPO demand.  And after IPO, coin price will fluctuate depending on simple Supply/Demand.  I just think this is better than Dev team artificially coming up with a set price for coins that hasn't even seen a light of day.  It's extremely difficult to predict the market and thus come up with accurate price of a coin before IPO IMHO. 
legendary
Activity: 2156
Merit: 1131
February 18, 2014, 06:09:58 AM

Please stop quoting yourself and write in bold OR WE CAN ALL START TO CAPS LOCK LIKE THIS.
You may have some good points but please calm down first, talk clearly & concisely and we will have a human-conversation.


What I like about skycoin-guy so far is that he seems to know what he wants and have communication skills & basic marketing understanding.
sr. member
Activity: 672
Merit: 274
February 18, 2014, 04:28:12 AM
If skycoin works out right etc, the developers and whoever else will get verrry rich. If you think about it. If skycoin is indeed fair then the developer and their team deaerve the money they make..sort of like how satoshi komato deserves tl be a billionaire for creating bitcoin...
But does he?
If he didn't create it, someone else would have created something similar. Bitcoin was not the first concept of cryptocurrency.
Just like if Thomas Edison didn't invent the lightbulb (he didn't, but thats another story) we would all be sitting around in the dark?
I believe we should all be rewarded for our achievements, but there should be some relation of your effort/work to your reward.
By allowing the developers to sell every single coin you are essentially saying its all right to premine 100% of a coin and sell them all for your own personal gain.

Every single coin that ever exist will have been bought from the developer.
Every single dollar that goes into this coin, will be 1 dollar into the developers pocket.
Does this seem fair?


It will certainly be interesting to see how they go about it.
sr. member
Activity: 350
Merit: 250
Vires in Numeris
February 18, 2014, 02:36:33 AM
If skycoin works out right etc, the developers and whoever else will get verrry rich. If you think about it. If skycoin is indeed fair then the developer and their team deaerve the money they make..sort of like how satoshi komato deserves tl be a billionaire for creating bitcoin...
But does he?
If he didn't create it, someone else would have created something similar. Bitcoin was not the first concept of cryptocurrency.
Just like if Thomas Edison didn't invent the lightbulb (he didn't, but thats another story) we would all be sitting around in the dark?
I believe we should all be rewarded for our achievements, but there should be some relation of your effort/work to your reward.
By allowing the developers to sell every single coin you are essentially saying its all right to premine 100% of a coin and sell them all for your own personal gain.

Every single coin that ever exist will have been bought from the developer.
Every single dollar that goes into this coin, will be 1 dollar into the developers pocket.
Does this seem fair?
legendary
Activity: 1512
Merit: 1004
February 18, 2014, 02:21:07 AM
Interested,  plz count me in.
Our community is focused on innovate crypto,and I have left an special area on the mainpage with updated info.
http://www.nxts.info/forum.php?mod=forumdisplay&fid=68
member
Activity: 110
Merit: 10
February 17, 2014, 09:31:08 PM
count me in Roll Eyes
full member
Activity: 137
Merit: 100
February 17, 2014, 09:27:46 PM
You can say that for any coin
newbie
Activity: 15
Merit: 0
February 17, 2014, 09:25:50 PM
If skycoin works out right etc, the developers and whoever else will get verrry rich. If you think about it. If skycoin is indeed fair then the developer and their team deaerve the money they make..sort of like how satoshi komato deserves tl be a billionaire for creating bitcoin...
legendary
Activity: 1484
Merit: 1005
February 17, 2014, 08:34:04 PM
Sorry to accidentally spam the CHAN on BM with the MC2 newsletter, didn't mean to and am still getting used to how it works.  Looking forward to the launch of this one!
newbie
Activity: 15
Merit: 0
February 17, 2014, 11:56:29 AM
NXT is a huge fail in my eyes, with many accounts have huge amounts of NXT that could easily cash in w/e they want..it's stupid.

I believe that say, 50 Skycoin should be handed to an average of 500-1000 people every 3 weeks or so. Until the developers feel that enough Skycoin has been sent out to generate market growth. Then the rest of the Skycoin could be Sold on the exchanges, and they're only limited to one account per day, so ewqdwqfq432141d buys 500 skycoin for $30 on the exchange, but won't be able to do so again for another full day.

Then again after enough skycoin has been sold via exchanges and after the developers feel there's enough in circulation to continue to promote growth then they should stop for a bit, and let the skycoin community progress.

I believe they should sell skycoin via the exchanges for Higher, and higher prices, so $30 the first time for 500, then $70 the second time for 500 etc etc. That would make the skycoin price Go upwards with almost no deflation.

Makes sense, you guys should try it(Please don't go the way NXT did btw, with selling and giving Millions of coins to users, it destroyed their economy, possible permanently...Plus it's very very unrealisitc what they did with concerns to a real life economy, which I'm hoping virtual currency such as Skycoin could match and even rival.)

Btw I'm not saying the the developers etc.can't be trusted, but I think a program should be made to put the coins on the exhanges, so it truly becomes decentrilized. That would work wonderfully.

hero member
Activity: 770
Merit: 504
(っ◔◡◔)っ🍪
February 17, 2014, 11:48:53 AM
Put together a SkyCoin "coin" logo for fun (thoughts):



*includes a bit of a Russian doll gag for those who know how the bitcoin protocol works.

Wow, very nice
hero member
Activity: 756
Merit: 502
February 17, 2014, 09:57:10 AM
It's indeed a dilema every non-PoW coin faces, the NXT-style of distribution is widely considered as horrible, and became a big obstacle of the coin's acception.
This issue needs a brillant plan to be carefully dealed with. I hope dev would clarify about the mechanism of distribution of the rest 99% coins.

+1, even now, almost 5 months after IPO, there are multiple accounts holding millions of NXT, which makes many worry about their ability to crash market price anytime.
Jump to: