Topic: [WARNING] Nxt is a scam and I have PROOF (Read 5154 times)

eh...I think you just did, except not with any substance of argument because there isn't any to be had

well this is going off-topic now and i apologize everyone that is my fault
all i can say about that it's probably better we discuss that elsewhere and yeah i know full what an instamine is..
what i was referring to is what is defined as one.
because if you look around you would have no choice but to come to the conclusion the majority of coins were instamined.
either because of.
a) The coin parameters
b) Popularity
c) Combination of both.

So in an effort to be fair i said it doesn't exist..
As in.. if we all had aids ? "then no one has it".. ever heard of that analogy ? (i took it from Tosh.0 from his "Twisdom" segment)
And yeah i know bad analogy but it's the first that came to mind.. i could probably find many others have posted.. it's a common concept.

I just can't fathom how people deny this in our scene perpetually and rail on about unfair scams.
It just doesn't make sense to me from a logical stand point.
And don't forget i am "Mr.Conspiracy" here i am all for screaming scam so.. lol

anyway yeah NXT.. ahhaha

by the way TOKnormal that was pure fail i don't see a reason to respond to you in depth on that sorry.

There is such a thing as an instamine.  It occurs when a coin is released with very low difficulty and a few powerful miners jump on it and take a huge numbers of coins in a short space of time.  The difficulty then goes up and everyone else is left mining a fraction of the coins for the same or more effort.

So what the OP is saying without actually saying it is

"NXT distribution has improved tremendously over the last few months."

Usual toytown cryptominer hypocritical garbage.

Gold was 'fairly' mined for thousands of years. Look where that all ended up.

At least every single NxT that was ever held was bought fairly and squarely by "ordinary" people with "ordinary" money at an "ordinary" level of risk.

Crypto Miners who have a problem with NxT all have one thing in common - they can't deal with the idea of unlimited return on risk. It winds them up no end and they'll go to the ends of the earth to find ways to define it as a "scam" - futilely of course because NxT actually does do something useful and therefore has a utility value regardless of its distribution.

When people on these threads bang on about "fairness", what they generally mean is that "they" didn't get any. But by doing so, they're also acknowledging that it does actually have some value - thereby vindicating the initiative of the original stakeholders who were way ahead of them the stupid f*ckers.

At the same time, the entire cryptocurrency market represents the domain of about one trillionth of the worlds financial economy which puts them on slightly dodgy ethical ground when trying to make a distinction between one type of distribution over another.

If they think that the general public will take any prisoners over "cryptocurrency ethics" once it reaches the masses, then their delusion is complete.

there is no such thing as an Instamine.

all coins are mined relatively equally.. it's a sliding mathematical scaled based on a simple concept.
and that is, The more popular a coin is the more it gets mined.

oh and if the coin was deliberately designed to pay out way too many coins at the start then that would be called a Scam !
then the question would be how do you define too much ?
then you look at the average coin and compare..
If Litecoin or whatever is like 80% of all other coins in design then..

i agree with what you say 100% and i think NXT is dog shit bordering on Scam.

but..

i have to respond fairly to the point you keep making..

and i say.. know what guy ?

ALL coins are like that.. take Bitcoin itself or Jackpot or whatever..

edit:
who holds how many is not as important as how it was distributed

And once more repeats the history. People mostly do not read the forums and have no idea of the inside of the coins. Like litecoin instamine.

very funny thread, some good laughs LOL

Come on, lets see these threads you're on about.......I'm getting bored with you just making claims without any form of backup.

Heres the $1000 stake challenge thread, which is about investing in PoS coins:
https://bitcointalksearch.org/topic/the-1000-stake-challenge-683062
The OP here has chosen a grab bag of PoS coins to invest $1000 in, and I thought that it would be interesting to compare how NXT did against his selection. The OP and myself had no issues at all, but the thread is now being turned into another argument by anti-NXT posters, not by me.

So, to avoid this sort of confusion in the future, could you give me a list of the threads that I am allowed to post in?

I don't really know if NXT is a scam or not but my issue with NXT is the mass public barely understands Bitcoin as it is, but when many crypto people themselves don't understand what NXT is, well....

You are a jerk, cryptonaut

I dont hate on nextcoin, I am simply irritated that nowdays you cannot open a can of tuna without some nextcoin guy jumping out saying.....we copied this and this from other coins, we are so innovative, we love ourselves and you all should love us.

And those features were not attempted by other coins but are fully working in other coins.

Anyway, I have to go to bed, and I think you have some job to do too, you could update your nextcoin status on thread you hijacked in which person was going to show his investment skills.

So you hate on NXT because it has an active community, because it has large stakeholders and because it successfully implements features that other coins have attempted ?

Yep, good thinking.

Yes, James is an important developer.
However, it needs to be clear he does not work on the core, and as such does not develop Nxt.

Also, he entered into Nxt at about the same time as I did, we work together on some projects (although I am not a dev) and we respect each other.

I find it strange that you attach so much importance to one article that just happens to support your claims, and choose to invalidate so much other arguments, even from people who also have been very closely involved in the project. They have as much a claim to knowledge on this as James, yet you portray them as some kind of fanboy. The only reason for this seems to be that they happen to disagree with you.

Also an observation on this:


A page on bitcointalk contains 40 topics.
Even if you are just referring to the pages in the altcoin section, this would mean 160 topics where we supposedly post in, assuming only the first page is active.
I would contend that in this case you are just exaggerating.

Yes, we dó post when we see these posts about Nxt. I think your perspective is a bit skewed, because we tend to answer your posts on this subject, so we tend to be in most thread *you* post in.

Frankly, I don't care if people use Nxt or not. I do care about making a clear distinction between fact and assumption. I think that is far more important than any currency being adopted. I'd post about it even if I saw it within another community, íf I had the time

  finally

Almost every post that mentions who are nextcoin developers mentions him too. So I would say he is pretty important developer hence the word leading

That is true, most of my posts are jokes but not when it comes to nextcoin. I am simply irritated by its community that posts on almost every thread on this forum.

Which evidence do you need? that nextconi copied almost all of its features from other coins? Or the distribution, there is cannot be evidence about distribution except what people that know all big holders say, and James said it very well. You can argue that that is not valid argument and that is ok, to me word of leading developer means something.

Actually, I know James very well.

I just find it funny you are cherrypicking a "lead dev", who is actually a 3rd party dev that doesn't work on the core at all to support your conclusions.

Most of your posts are jokes.
Can we finally see some evidence of your claims ?