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Topic: WTF is happening with NXT? Fucking Nothing!!! - page 4. (Read 9014 times)

full member
Activity: 182
Merit: 100
I think it will take some time, NXT has an interesting approach for a currency, a lot is done to substantially increase the value of the network.
They work continuessly on developing and the way I see it, they lack marketing and a way to simplify what they do to the average investor.
I mean, NXT is pretty broad, but people gather around new exciting technology, and to show that I think they are one of the few currencies whom have survived from creating their own forums and community without bitcointalk, which in itself is a feat.

I am not buying NXT now personally but I think it's one of those currencies that will stick around for a while.
I'll just wait until there is a simpler way to grasp the whole concept of it, because if it's good, then I know others think so too and can fully comprehend it!
sr. member
Activity: 321
Merit: 250
Bitcoin still has ongoing distribution until mining ends in what like 2050?  Yay free dust!   Cheesy



its completly centralized and not even one privat person will mine even one bitcoin.
member
Activity: 83
Merit: 10
I believe this is the main reason NxT is often called a scam/unfair. You could look to Bitshare's distribution model for a fair distribution, the distribution was done over the period of several months, with half PoW distribution, half donation based. Also it now has an inflation schedule toward a final cap.


You got nearly 7 billion unique initial stakeholders? Impressive.


If no one is calling Bitshares distribution unfair, it is because: you haven't had enough success, haven't been around long enough to have multiple waves or users or there isn't much interest. Or some combination. You are still in a honeymoon period.

Nope, just tens of thousands more than NxT, and Bitshares is still currently being distributed by planned inflation, just like Bitcoin.

Bitshares marketcap is nearly 2X NxT, forum activity is roughly 2X too, so are you really calling NxT more successful?

Tens of thousands maybe in your dreams. Also the distribution in Bitcoin is shit, completely centralized mining. Wow you have 2x forum acitivity and bitcointalk got x1000 forum activity but still not worth to read the most. Like here people are just comming for promoting her own coin.

You small fishes don't understand one keypoint. In crypto, the competition is not each other, it is fiat. If any crypto does well, we all benefit.

But of course you know the future and know what is right and what is wrong little dictator.
hero member
Activity: 756
Merit: 506
https://twitter.com/comefrombeyond/status/500336052360720384

More examples out there, you should know because you wrote this stuff.  You've been trolling NEM for ages man, CfB / CfA / whatever
legendary
Activity: 2142
Merit: 1009
Newbie
Not just your tweets.  Like during the BTER hack episode, you alleged that the hacker *may* try to convert it into NEMstake.   Roll Eyes

And what does it mean in plain English?
hero member
Activity: 756
Merit: 506
its just not good to insinuate that the creator of a coin is trolling like a lunatic in his spare time. doesnt look good for nem regardless of whether nem istelf is ever mentioned.

Read my tweets about #NEM, you should see why I don't link UF and NEM.

Not just your tweets.  Like during the BTER hack episode, you alleged that the hacker *may* try to convert it into NEMstake.   Roll Eyes

https://twitter.com/comefrombeyond/status/500336052360720384

There we go, not too late to delete it.   Wink

CfB has been trolling NEM for ages, I know because I read the NXT forum and his twitter for months
legendary
Activity: 2142
Merit: 1009
Newbie
its just not good to insinuate that the creator of a coin is trolling like a lunatic in his spare time. doesnt look good for nem regardless of whether nem istelf is ever mentioned.

Read my tweets about #NEM, you should see why I don't link UF and NEM.
hero member
Activity: 574
Merit: 500
Where did I saw Nxt was more successful?

If Bitshares is successful (2-10 years?) and the world is using it, 99.9% of the population of the world will look to you, a billionaire early adopter, and ask "Why wasn't there a fair distribution?" "Why were a few thousand people, the 0.1 %, allowed to get so wealthy?"


If you did managed to give to all 7 billion people on the planet, you would then have to overcome the pareto principle to stop the above scenario happening.


This is why 'fair distribution' debates are so tiresome. They are (d)illusionary on any sensible time scale.

I don't claim Bitshares to be of perfect fairness, but there's a difference between initial distribution of 76 people versus tens of thousands, plus Bitshares still have ongoing distribution for the next 30 years. I am saying the distribution of Bitshares is more fair than NxT. NxT distribution can nearly be called a scam. That's all.



I understand what you are saying, I have been over this dozens of times. Congratulations, you are the current winner in the tallest midget competition. Until the next one that distributes over 31 years...

What exactly is fraudulent about Nxt? The implication of the word suggest there was deliberate deceit, you must know what this was? Or do you just use 'scam' for it's shock value, another cheap debating technique, wouldn't you agree?
legendary
Activity: 2142
Merit: 1009
Newbie
CfB is just being a troll and a bully but not at me but towards NEM.  Are we surprised this is coming from a coin which Jeff Garzik thinks is full of scammers?

   I have a lot of other coins where my percentage of that total supply is higher than my total share in NEM and I don't see him mention them.  It's clear that CfB is just trying to burn NEM and if I wasn't around then he would be doing some other avenue of attack.

It's difficult to have any meaningful amount of NEM because of the distribution to 3000 stakeholders.  This is in contrast to CFB who at minimum took 5% of NXT to an unknown larger amount.




His revelation was somebody's text analysis, he paid $1000 for if I recall (profit incentive), where the guy likely cherry picked the variables so he would get his money.  Only some sample (not the total package) was released and it said I could be UF but doesn't mean 100%.  This is just as bad as all those "text analysis" about who Satoshi is and the results are a dozen different people from all over the world.   There was other concrete evidence who UF was and it was clear I'm not him.  

This is the second time I've defended myself over this and I will not let it happen a third time.  If CfB continues about this then he could be on Krokodil.  I'm not going to defend myself for 4 pages because I know who I am and frankly don't care enough to entertain dorks.


My point proved mathematically, yours is pure speculation. Nuff said.
legendary
Activity: 2142
Merit: 1009
Newbie
hero member
Activity: 574
Merit: 500
i wasnt involved in nxt when UP trolled nxt, or at least if i was i dont remember so cant really comment on that.

You must be aware that UP, BloodyRookie et al were at Nxt at the start? The reason they left was ideological reasons (we're creating the 1%) etc. and it was quite emotional but after trying to get the 'unfair' forging algo changed to something else (0.5% max per coin per annum in the long term  Roll Eyes) they left to create the New Economy Movement with a "fair distribution". The language has now been softened to "fair opportunity for all" or such like since the reality set in of what this meant.

PoI should be ground breaking if it lives up to expectations which is a bit of a shame really, it feels like they have come full circle now.  Any moral high ground over Nxt during the spring fudstorms was sacrificed when UP/TS exposed himself. Nxt and NEM devs together would have been formidable, big shame.
hero member
Activity: 756
Merit: 506
Bitcoin still has ongoing distribution until mining ends in what like 2050?  Yay free dust!   Cheesy

legendary
Activity: 1806
Merit: 1003
Where did I saw Nxt was more successful?

If Bitshares is successful (2-10 years?) and the world is using it, 99.9% of the population of the world will look to you, a billionaire early adopter, and ask "Why wasn't there a fair distribution?" "Why were a few thousand people, the 0.1 %, allowed to get so wealthy?"


If you did managed to give to all 7 billion people on the planet, you would then have to overcome the pareto principle to stop the above scenario happening.


This is why 'fair distribution' debates are so tiresome. They are (d)illusionary on any sensible time scale.

I don't claim Bitshares to be of perfect fairness, but there's a difference between initial distribution of 76 people versus tens of thousands, plus Bitshares still have ongoing distribution for the next 30 years. I am saying the distribution of Bitshares is more fair than NxT. NxT distribution can nearly be called a scam. That's all.



hero member
Activity: 574
Merit: 500
Edit: Forget it actually, I'm not that interested.
hero member
Activity: 574
Merit: 500
Where did I saw Nxt was more successful?

If Bitshares is successful (2-10 years?) and the world is using it, 99.9% of the population of the world will look to you, a billionaire early adopter, and ask "Why wasn't there a fair distribution?" "Why were a few thousand people, the 0.1 %, allowed to get so wealthy?"


If you did managed to give to all 7 billion people on the planet, you would then have to overcome the pareto principle to stop the above scenario happening.


This is why 'fair distribution' debates are so tiresome. They are (d)illusionary on any sensible time scale.


P.S. Taunsew is a mainly Nxt troll. Like Come-from-Above, he trolls several coins in series but rarely declares an allegiance to any for very long. So you can't attack him on the grounds of the coins he that he backs. And that is a bad tactic anyway if you are serious.
legendary
Activity: 1806
Merit: 1003
I believe this is the main reason NxT is often called a scam/unfair. You could look to Bitshare's distribution model for a fair distribution, the distribution was done over the period of several months, with half PoW distribution, half donation based. Also it now has an inflation schedule toward a final cap.


You got nearly 7 billion unique initial stakeholders? Impressive.


If no one is calling Bitshares distribution unfair, it is because: you haven't had enough success, haven't been around long enough to have multiple waves or users or there isn't much interest. Or some combination. You are still in a honeymoon period.

Nope, just tens of thousands more than NxT, and Bitshares is still currently being distributed by planned inflation, just like Bitcoin.

Bitshares marketcap is nearly 2X NxT, forum activity is roughly 2X too, so are you really calling NxT more successful?

Also 2X more mechanical problems.  I've been lurking in BitsharesX forum for ages now and I always see so many problems, it's why BitSharesX is dropping in capitalization more & more and I also think it doesn't really appeal as much as a conventional coin.




Software has bugs, news at 11

So are you saying NxT has zero problems?
legendary
Activity: 1806
Merit: 1003
Bitshares will soon enough hurt the investors just like PTS (Protoshares) did.

If you knew only little about this group is that they take the investors money to pay for the work is being done on the coin. This means, they have the same model as Ripple.

I already replied to your ridiculous claim that PTS investors lost money here: https://bitcointalksearch.org/topic/m.9504277

Are you ready to make a response, or are you just going to ignore the truth and keep spreading lies?

"Taking donation money and pay for work being done on the coin", how is this a bad thing? I don't get it, isn't that precisely what's expected? Bitcoin Foundation pay the Bitcoin core dev a salary too, Gavin Andressen was paid $200k in 2013.
hero member
Activity: 756
Merit: 506
I believe this is the main reason NxT is often called a scam/unfair. You could look to Bitshare's distribution model for a fair distribution, the distribution was done over the period of several months, with half PoW distribution, half donation based. Also it now has an inflation schedule toward a final cap.


You got nearly 7 billion unique initial stakeholders? Impressive.


If no one is calling Bitshares distribution unfair, it is because: you haven't had enough success, haven't been around long enough to have multiple waves or users or there isn't much interest. Or some combination. You are still in a honeymoon period.

Nope, just tens of thousands more than NxT, and Bitshares is still currently being distributed by planned inflation, just like Bitcoin.

Bitshares marketcap is nearly 2X NxT, forum activity is roughly 2X too, so are you really calling NxT more successful?

Also 2X more mechanical problems.  I've been lurking in BitsharesX forum for ages now and I always see so many problems, it's why BitSharesX is dropping in capitalization more & more and I also think it doesn't really appeal as much as a conventional coin.


legendary
Activity: 1806
Merit: 1003
I believe this is the main reason NxT is often called a scam/unfair. You could look to Bitshare's distribution model for a fair distribution, the distribution was done over the period of several months, with half PoW distribution, half donation based. Also it now has an inflation schedule toward a final cap.


You got nearly 7 billion unique initial stakeholders? Impressive.


If no one is calling Bitshares distribution unfair, it is because: you haven't had enough success, haven't been around long enough to have multiple waves or users or there isn't much interest. Or some combination. You are still in a honeymoon period.

Nope, just tens of thousands more than NxT, and Bitshares is still currently being distributed by planned inflation, just like Bitcoin.

Bitshares marketcap is nearly 2X NxT, forum activity is roughly 2X too, so are you really calling NxT more successful?
hero member
Activity: 574
Merit: 500
I believe this is the main reason NxT is often called a scam/unfair. You could look to Bitshare's distribution model for a fair distribution, the distribution was done over the period of several months, with half PoW distribution, half donation based. Also it now has an inflation schedule toward a final cap.


You got nearly 7 billion unique initial stakeholders? Impressive.


If no one is calling Bitshares distribution unfair, it is because: you haven't had enough success, haven't been around long enough to have multiple waves or users or there isn't much interest. Or some combination. You are still in a honeymoon period.

Bitshares will soon enough hurt the investors just like PTS (Protoshares) did.

If you knew only little about this group is that they take the investors money to pay for the work is being done on the coin. This means, they have the same model as Ripple.


Well then you guys should brainstorm a distribution model which works better.   NXT case of handing over huge amounts to random people just leads to dumping.  Even NEMstake broad distribution saw decline like 60% from peak (not as much as NXT going from 90 to 18).


if we look at the list of coins then clearly the only winner in 2014 has arguably been Ripple, where most of the Ripple is held internally by a tiny small group who signed contracts stating they couldn't dump or sell.  In the real world a lot of initial stakeholders of things cannot even sell until a real IPO some 3-10 years down the line.



That is where MS is coming out.

Yes I've been familiar with MS for some days now, since Ora mentioned it.  There's other coins that are coming out with a similar mechanic or so they claimed.  This stuff is all buried all over the announcement section.



Don't pretend you don't have the Nxt threads bookmarked  Cheesy You are on here constantly and it took you a minute or so to reply to me in the Nxt Official thread when I raised AT was coming and you had fallen out of the loop. You never unsubscribed from any Nxt threads since you started.
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