Topic: [WARNING] Nxt is a scam and I have PROOF - page 6. (Read 5146 times)
Beware of the Nxt shills. They need YOU to make them rich. They will say ANYTHING to get you onboard. The facts are in the OP. OVER 3/4 of the Nxt supply is held by a small group.
Is this the part where the 'concerned users'/trolls ignore all the points I raise, avoid my questions, refuse to enter into dialogue and just talk to each other in a little circle jerk? 
Actually the distribution is way worse than that. We were initially told, for a long time, that it was 20 wallets who invested the 1.5 BTC limit and took 80% of NXT.
http://nxtcoin.blogspot.ca/2014/06/how-nxt-changed-our-lives-james.html
Then James, who is a developer for NXT, only admitted a month ago that it was actually only 8 wallets who invested the full amount and took almost half of all NXT. There was no taint analysis and we can't even ascertain if any real BTC was actually put in among those 8. We can only name like 4 NXT whales on the top of our heads and it's quite likely at least one of them had multiple sockpuppets in the IPO.
So in a nutshell easily 30%+ of NXT was owned by one person at some point, it's guaranteed, and then maybe another 5-10 people owned another 60%.
It's very easy to get a huge capitalization if you own all the coins, just look Marine Coin, Neutrino, Ripple, et cetera. The difference is the NXT people kept the distribution a secret until January / February and by then they had plenty of BTC reserves to create artificial volume anytime they wanted.
I remember once pointing out that NXT itself had less volume than its' assets and as soon as I made that post, I kid you not, the day after they pumped the NXT volume to $120K.
http://nxtcoin.blogspot.ca/2014/06/how-nxt-changed-our-lives-james.html
Then James, who is a developer for NXT, only admitted a month ago that it was actually only 8 wallets who invested the full amount and took almost half of all NXT. There was no taint analysis and we can't even ascertain if any real BTC was actually put in among those 8. We can only name like 4 NXT whales on the top of our heads and it's quite likely at least one of them had multiple sockpuppets in the IPO.
So in a nutshell easily 30%+ of NXT was owned by one person at some point, it's guaranteed, and then maybe another 5-10 people owned another 60%.
It's very easy to get a huge capitalization if you own all the coins, just look Marine Coin, Neutrino, Ripple, et cetera. The difference is the NXT people kept the distribution a secret until January / February and by then they had plenty of BTC reserves to create artificial volume anytime they wanted.
I remember once pointing out that NXT itself had less volume than its' assets and as soon as I made that post, I kid you not, the day after they pumped the NXT volume to $120K.
Exactly 100%
Nxt could be the biggest scam on bitcointalk since pirate. Just wait until the top addresses unleash upon the noobs and flood the market with millions of Nxt.
No it just means they moved those funds to secondary wallets. NXT is a brain wallet and easily hackable. Most people with millions of NXT are going to diverse it in 10 to 30 different wallets to minimize loss in the event of a bruteforce or a keylog.
Actually the distribution is way worse than that. We were initially told, for a long time, that it was 20 wallets who invested the 1.5 BTC limit and took 80% of NXT.
http://nxtcoin.blogspot.ca/2014/06/how-nxt-changed-our-lives-james.html
Then James, who is a developer for NXT, only admitted a month ago that it was actually only 8 wallets who invested the full amount and took almost half of all NXT. There was no taint analysis and we can't even ascertain if any real BTC was actually put in among those 8. We can only name like 4 NXT whales on the top of our heads and it's quite likely at least one of them had multiple sockpuppets in the IPO.
So in a nutshell easily 30%+ of NXT was owned by one person at some point, it's guaranteed, and then maybe another 5-10 people owned another 60%.
It's very easy to get a huge capitalization if you own all the coins, just look Marine Coin, Neutrino, Ripple, et cetera. The difference is the NXT people kept the distribution a secret until January / February and by then they had plenty of BTC reserves to create artificial volume anytime they wanted.
I remember once pointing out that NXT itself had less volume than its' assets and as soon as I made that post, I kid you not, the day after they pumped the NXT volume to $120K.
http://nxtcoin.blogspot.ca/2014/06/how-nxt-changed-our-lives-james.html
Then James, who is a developer for NXT, only admitted a month ago that it was actually only 8 wallets who invested the full amount and took almost half of all NXT. There was no taint analysis and we can't even ascertain if any real BTC was actually put in among those 8. We can only name like 4 NXT whales on the top of our heads and it's quite likely at least one of them had multiple sockpuppets in the IPO.
So in a nutshell easily 30%+ of NXT was owned by one person at some point, it's guaranteed, and then maybe another 5-10 people owned another 60%.
It's very easy to get a huge capitalization if you own all the coins, just look Marine Coin, Neutrino, Ripple, et cetera. The difference is the NXT people kept the distribution a secret until January / February and by then they had plenty of BTC reserves to create artificial volume anytime they wanted.
I remember once pointing out that NXT itself had less volume than its' assets and as soon as I made that post, I kid you not, the day after they pumped the NXT volume to $120K.
Still a better distribution than Bitcoin =)
Actually Nxt has one of the worse distributions in crypto. Go and compare it to bitcoin.
I wouldn't touch Nxt with a ten foot pole. The market is being manipulated by restricting over 3/4 of the supply.
This can only end badly.
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It is refreshing to see a 'Nxt distribution' thread based on the *current distribution* and not based on the *initial distribution* that occured 8 months ago. You are a true pioneer Cheesy
It is refreshing to see a 'Nxt distribution' thread based on the *current distribution* and not based on the *initial distribution* that occured 8 months ago. You are a true pioneer Cheesy
Well I was considering on purchasing some Nxt so I did my due diligence (thinking the distribution would be better by now). Then it dawned on me why the price is so high. It is a bubble being inflated by the top accounts. And I know for a FACT that they are collaborating.
It is refreshing to see a 'Nxt distribution' thread based on the *current distribution* and not based on the *initial distribution* that occured 8 months ago. You are a true pioneer
Still a better distribution than Bitcoin =)
No point bringing this up again, it is an indisputable fact that NXT distribution is fucked up but it cannot be called a scam
This is the current Nxt distribution. Fucked up, right? 77.54% of Nxt is held by 145 wallets (which would mean even less individuals since their holdings would be spread out).
So what does this mean? It means a small number of Nxt members are collaborating to artificially keep the price high. Nxt is ONLY at the current price because over 3/4 of the Nxt supply is held by a small number of holders. If you think you are going to get rich on Nxt, think again. These bad boys are waiting for their pay day and suckers who support this shit are lining their pockets.
WAKE UP PEOPLE!
NXT Balance Number of Accounts % of Total Accounts Sum of NXT Owned % of all NXT
0-10 35470 77.58% 51357.69884777 0.01%
10-100 3159 6.91% 122608.60001824 0.01%
100-1,000 2791 6.10% 1033150.37176803 0.10%
1,000-10,000 2161 4.73% 7630108.72777634 0.76%
10,000-100,000 1428 3.12% 43219036.60656326 4.32%
100,000-1,000,000 564 1.23% 172502904.5916015 17.25%
1,000,000-1,000,000,000 145 0.32% 775439809.4134248 77.54%
So what does this mean? It means a small number of Nxt members are collaborating to artificially keep the price high. Nxt is ONLY at the current price because over 3/4 of the Nxt supply is held by a small number of holders. If you think you are going to get rich on Nxt, think again. These bad boys are waiting for their pay day and suckers who support this shit are lining their pockets.
WAKE UP PEOPLE!
NXT Balance Number of Accounts % of Total Accounts Sum of NXT Owned % of all NXT
0-10 35470 77.58% 51357.69884777 0.01%
10-100 3159 6.91% 122608.60001824 0.01%
100-1,000 2791 6.10% 1033150.37176803 0.10%
1,000-10,000 2161 4.73% 7630108.72777634 0.76%
10,000-100,000 1428 3.12% 43219036.60656326 4.32%
100,000-1,000,000 564 1.23% 172502904.5916015 17.25%
1,000,000-1,000,000,000 145 0.32% 775439809.4134248 77.54%
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