Bitcoin Forum

Im looking for a good cryptocurrency to invest money in.
I was enthousiastic about NXT since it's the newest coin on the market.
However, when I did some research on it I discovered the following things:

The currency website www.nextcoin.org and NXT echange platform DGEX.com are both hosted by the same company that appears have produced the currency.
That's Graviton Capital Inc.
By checking the WHOIS info on these websites the admin of both is goldtails@gmail.com

By googling that emailadress I discovered other websites that are adminned by this guy:

http://www.ipaddressden.com/email/goldtails@gmail.com.html

http://www.webboar.com/whois-email/goldtails@gmail.com

These are domainnames of gambling websites that look like scams.
The one that caught my eye the most is: www.ponzigame.com
PONZI GAME...

Above all that: in the terms of DGEX.com NXT exchange website it says that all BTC tranfered in to your DGEX account will become property of DGEX.com
So if DGEX.com decides to take all the BTC and close the website there is nothing you can do about it.

Well aren't these all serious red flags not to get involved with this currency?
Is this an unfolding scam or the beginning of a better cryptocurrency?

Peace out,
Altcoinfuture

I like NXT and the exchange and forum have nothing to do with the founders or programmers. It's just an enthusiastic NXT user making an exchange and forum, they are by no means official. That said, the exchange and forum have worked fine for me, regardless or what other sites he's made.

don’t buy from dgex if you don’t trust, buy directly from the trading thread ... from nxt supporters
don’t buy more then you can't afford  to lose ...
  

Might have nothing to do with the coin itself, but how about the exchange? And they might have worked fine for you right now, because NXT is nothing worth at this time. Scammers won't strike until it's worth something.

I admire people who do research and find this kind of information. Even if it's a false positive (what this could be of course). And we all know there's a lot of scam going on in this scene.

Good post altcoinfuture!

Well he does post that he made those gambling sites on dgex.com, haha.

I just wanna say that he hasn't scammed anyone yet and has been trustworthy of all ventures I know of him, of course, diligence is of course always required when entrusting your money with someone else.

So, the unused domains we own, and standard legal terms for release of responsibility are a red flag?

We own quite a bunch of domains, active and inactive right now and during the past decade+.

I say red herring. Hope your sold off some NXT nicely at DGEX and bought back already.  :D

Ive been suspicious of NXT from the beginning. Something always seemed off.

I'm sort of in the same boat, but I risked a btc and the people working on it are active in fixing/ upgrading it.

Biggest fear is that it's the tenebrix:litecoin::NXT:somethingelse...

For people that don't know, since there seems to be a lot of people confused...

This is a descendant of bitcoin. NOT another alt-coin. It's part of the "second generation of cryptocurrency" group .

1.) The forum and exchange ARE NOT created by the creator of Nxt. BCNext was/is the creator of the coin and is so paranoid with everything that he has Come-From-Beyond post for him whatever he wants, such as the updated client and such which has been constant because its still having some bugs ironed out. The creator of the forum and exchange is just another enthusiastic investor in the coin.

2.) The coin IS NOT "pre-mined". EVERYONE had to pay a fee to get in on the coin, even the creator of the coin. The coins were given from the genesis block in the beginning and is spread out to the rest of the investors as time goes on. The coin STARTS with 1 billion in circulation and transaction fee's from the coin is what is "mined"(forged) and given out.

The way its done is like this. You ask/buy Nxt from the exchange or any holder of Nxt. You load up the client and the program that is needed to start the mining(forging process). With at least 1 Nxt, and after a day of leaving the client open, you can start to mine(forge) Nxt with the client, although it would take a long time do get anything with just 1 Nxt. There is no need for any ASIC's or requirements of CPU, GPU, etc. all you need is some Nxt to start the mining(forging) process. You can run the thing on a 3 year old netbook, which runs an AWESOME Intel Atom Processor  ;D(which is what I am using) and it mines(forges) the same rate as a high-end desktop, miner, whatever. Also it doesn't matter if you have 10 computers running the client or just 1, there is no increase between the two. As long as your computer can handle java, its all good.  

Still not explained what is going on in this 'forging' process.  Does it calculate something?  How does the network determine which node gets the coin?

The more Nxt you hold, the higher percentage you get of getting a block.

Sorry not much of a techy..

Maybe these quotes help from the original thread? :P

"1'000'000'000 NXT in existence. This is cap. No inflation at all. Generation is from transaction fees only."

A question was posed. "Ok. so i still haven't really understood this.  The mining reward is based on the total coins you hold?  Or just the likeliness that you will mine something?  Is it just based on how much you hold?  So say if i hold 100,000 coins.  My chances of mining a block at 100,000 / 1 000 000 000 = 0.1% per block?"

which Come-from-Beyond replied...
"In the long run u will mine 1 block of 10000 (0.01%)."

link to original thread.
https://bitcointalk.org/index.php?topic=303898.msg3701780;topicseen#msg3701780

Hahaha, u appear in every thread dedicated to Nxt. I bet u were developing ur own coin very similar to Nxt but BCNext outpaced u.

Huh? "Appears to have produced the currency"?? Did you, maybe, in your research, ever stumble upon the original thread where Nxt was announced and discussed a few months ago:
https://bitcointalk.org/index.php?topic=303898.0
Nxt was not produced by DGEX. Not any more than Bitcoin was produced by MtGox. And there is no official currency website (yet), the original developer didn't see the need to have one - refer to the above thread again. DGEX stepped in and created this website to promote the currency, and by this get some business their way of course, but that's it. They did not create Nxt and are not controlling it in any way.
Seems like you are just trying to spread FUD in order to bring down the price and load up on Nxt while it is cheap.

Defend? Has anyone accused me?

just another scam coin, no worries 8)

This guy needs to re-evaluate his research lol. and i wonder if he knows that slander is a very serious matter. In all honesty pal i would save your forum integrity and remove this post as you are so out on this judgement.
made me lol the part claiming dgex created nxt hahahahaha

I don't get why people think this is a scam coin. I would really like to know.

-The forums and exchange was created by an investor in the coin not even the creator of the coin to get the coin more known by the public.

-EVERYONE had to pay to get coins from creator on down, hence there was no pre-mining. People in the beginning got it the cheapest, but nothing different than any other altcoin or bitcoin in the beginning. The reallllly early investors took the risk of it getting even released. The thing was even capped at 1 BTC per person.

-Nxt mining(forging) are exchanged by transaction fees, just like how Bitcoin or any other coin will be once they stop creating new coins.

If anyone is really worried. I will buy 100k Nxt for .000001 BTC = .1 BTC... and take the Nxt off their hands though  ;D

Forum integrity:
Name:   Altcoinfuture
Posts:   3
Activity:   3
Position:   Jr. Member
Date Registered:   Today at 01:53:40 PM

He just wants to buy more and/or cheap. And even honestly said so in first sentence.

Well, I don't know who BCNext is. Maybe nextcoin forum owner == BCNext. Yes, BCNext clearly stated that he didn't need a forum/site for Nxt, but it means nothing, coz he could change his mind or just lain. I don't really care, coz BCNext doesn't control Nxt anymore. It's up to users what forum/exchange to use. If u don't trust nextcoin guy, then use other sites.

I'm still sure NXT price will skyrocket, coz decentralized exchange is already implemented. All that we need is to fix critical bugs and merge old and new branches.

Coz they invested in Bitcoin/Litecoin. Nxt is a tough competitor. U should expect that Bitcoin early adopters will spend their 100,000s bitcoins to eradicate any competition.

In fact pal your right he has none. Funny how his account was created today also. He probally scared to use his real forum id

No, it's not the newest, and even if it were, that would not be a good reason to be enthusiastic about it.

well guys he managed to cause a bit of a sell off and supprise suppsrise all the low sell orders got snapped up straight away. id be devastated if i just sold my nxt cos i listened to this goon.
now awaiting the next hater to come up with a bs story  ::)

it bounced back though...  :(

wish I was at home...could have bought around 50k for .000002 BTC each (.1 BTC worth) LOL...back to .00001 it goes...

Actually it's a good sign. Remember "First they ignore you..." thing?

I was thinking same thing pal im on my phone atm if was on pc. I would have bought them all lol

Im just a newbie in the altcoinworld and I'm just curious how cryptocurrencies will evolve in the next years.
Im not hating on NXT but I just dont want to lose money on this, since I already lost a deposit on an exchange website 3 weeks ago.
Will there also be other exchanges NXT will be traded on?
If an investor=owner of the currency also owns a domain called ponzigame and has been hosting several gambling websites, it's just waiting at what price the investors will dump the coin.

my question is why the heck is it on coinmarketcap if it's not even properly released yet and no exchange is selling it  :-\

I think some poster on the forum asked the owner of the website to do it....just to get it more in public view. I was worried it would cause negativity especially because the client is still in alpha/beta lol.

Dgex.com is an exchange that is selling it. Or you can ask someone who owns Nxt to  donate or something.

;D

In what universe would the fact that some exchange owner owns some gambling domains make anyone dump their coins? Do you know what ponzi is? Domain? Gambling? Exchange?

I hope you are for real. Cause if this is attempt to buy cheap it's very sad one.  :-\

The thing is that the source code isn't even fully released till January.

Also BCNext likely owns just as much as anyone else. So I doubt he wants Nxt to fail.

If you lost coins on cryptsy...should ask them in support. I did to get my lost coins back. Probably is best to ask them nicely though. They were pretty polite to me.

To answer the original poster's question.  Yes, the coin is legit.  Your reference to Dgex and Nextcoin.org is completely irrelevant to development of the client and currency.  It would be like saying Bitcointalk and MtGox were started by Satoshi.  This post seems like a trollish move to try to get some Nxt at a discount.  When everything is officially launched and the client exchange is up and running, no one will likely use Dgex, and the currency value will most likely sky rocket.

How do you come to the conclusion that both these websites are connected to the creator of Nxt? You've posted not even a hint of proof about this.

I've used the dgex.com exchange once, and everything was ok.

Meh...........Next

I Don't understand how this is a scam coin if the developer is using his time to create the client and has not ran away with the money.   ???
In addition, they could make a lot more money if they help the coin grow.

Edit: I'm not saying its a scam. I'm replying to the others that say it is.

It is not a scam :) Read the threads if you have time ! Or check the forum/improvements made in the two weeks since the start !

lol

Other Altcoins... Meh.   Nxt... YES!

 :-\

EVERYONE had to pay the creator to get coins, "hence there was no pre-mining" <-plain lie
Nxt people just try to re-define the term premine!,
What ist the difference Between an Altcoin where the Creator Premines 100% and NXT where the Creator "minted" 100%?!?
Yes, no difference only a word puzzle.

There is no difference that he Spread at the start the coin to investors (for huge value amounts!)
and just selling them directly. Still every coin in the first place in sold from the devilopper.

Yeah, it is just like Larry and Sergey invites you to join Google party in 2002. Don't mistake Nxt with a coin. It is much bigger.

How would YOU distribute initial coins in 100% proof-of-stake currency?

It is really the same like ripples, which is als "really big" and all the money goes to the company.
Or could you explain a difference?
They riskreward isn't good anymore, or do you have other information?


The thing with normal coins is they are backed up with producing costs so no person can get too fast (relative) a lot of them.
So if this step was deleted, then there is no initial difficulty to get coins.
This could become a justification to just sell them at a very high price to a small group of "investors".

I am no developper, to get a soloution for that i would need some time.
A fast soloution could a kind of semi random distribution based on active addresses.
At the start every new adress gets a random amount and by using the client, in the first 5 years coins are send randomly (like a lottery).
There could be made a kind of fairness so the max difference of reandomness is 100-1000x and reward scaling over time.
Later there could be a holding interest combined with a transmission fee income.
This model has the same problem of each fair lunched alt coin. The developper as no advantage in time or coin amount.

Well, this won't work coz of http://en.wikipedia.org/wiki/Sybil_attack.

In my opinon NXT is the biggest scam coin yet.

I don't even know where to start, to be honest there are so many red flags. I could write a novel.

The value quoted at coinmarketcap.com is based off of the the only exchange you can purchase NXT which is dgex.com. Other coins in the top 10 at coin market cap are listed at muliple exchanges.

This is the Terms and conditions to sign up at dgex.com. I highlighted a couple things.


I don't think I need to comment much on this. Basically anyone with half a brain can see that your funds are not safe here, the owner has pretty much admitted it in the terms.

If you own NXT and dgex.com decides to pull an MCXnow how much are your NXT worth when they aren't traded at any other exchange?

Also how much of the volume at dgex.com is real?

We know that much of the volume at MCXnow was manufactured by the operator/scammer Reasolid who traded with himself using puppet accounts.

There is nothing stopping the "stake holders" from trading NXT back and forth to each other to manufacture any price they want, they could easily do this, they have all the coins and there is only one exchange.

I have to admit this is a valid point. Everyday I see the same on http://bitcoin.clarkmoody.com/

These are our standard terms we have used in electronic currency business for the past 15 years. They are for legal implications -  Crypto is a legal gray area where the operator needs to cover themself for unforeseen circumstances. The same happens in every business, be it regulated or not. Being honest and laying our what would happen in a worst case scenario is not grounds for scam, quite the opposite.



That's true, and it happens in all markets. As for the operator trading, well that just isn't worth all the risks involved. I have a handful of NXT that I have purchased from the free market and that's it. Of course you don't need to believe me or trust me. Sleep your nights well, while those who maybe don't, they laugh all the way to the bank!  :)

A lot of this is just FUD.  The Nxt community is trying to get Nxt listed on Cryptsy, BTC38 and other exchanges.  A lot of people have been trying to purchase Nxt because it is innovative.  That is what is driving up the price.

This isn't why the price is going up. The price is going up because there is very little supply. All the coins are already mined so no new supply is coming on the market everyday. If someone wants coins they have to buy them from a stakeholder who may just decide to hold for higher prices. The stakeholders don't have to worry about miners coming in and undercutting them they can just hold. So there may be 1 billion coins but the actual supply available for purchase is only a fraction of that.

You guys are quick with the damage control.

It is 1am on a saturday night and you guys are responding immediately.

No. It's 11:16am now.

Btw, in 30 mins we have Nxt party dedicated to Alias System opening, that's why a lot of people online.

Where are you guys Australia?

Aye, very close. I'm in the center of Europe.

It wouldn't matter how distributed the currency is you would still have supply and demand.  A certain percentage of all market participants will sell at a certain price because they believe the item is worth a certain amount.

Nxt's alias registration goes live in ~22 minutes.  That is why all the Nxters are on here.

Look I am not trying to bash just to bash but NXT seems to have a lot of similarities between solidcoin/microcash/MCxnow

Proprietary exchanges, devs/stakeholders owning the majority of coins, large coin holders being rewarded more then small coin holders. It is right out of the Realsolid play book.

All of these things are red flags that I ignored with Realsolid and MCXnow. I don't want to see anyone get scammed like I did.

For free in the biggest giveaway thread, followed by provable destroying of the rest of "premine".

How would u counteract guys who own 100s BTT accounts specially for such giveaways?

If you want to filter out those guys, you could just specify Activity threshold.
It will be much more approved by community than distributing all coins to initial "investors" for payment.

U know nothing about black market of BTT accounts.

Tell me.
Also, community knows nothing too. This is not about fairness, it's about view of the majority.

There is a market of BTT accounts. Ppl create them, post under them to bump activity count to 100+ values and then sell them.

And the link is...?
Google gives me nothing except of hacked database offers and I've never seen BT accounts on SR or anywhere in hidden web.
You say it for sure, so you should know.

I think your comments below about 'right out of the playbook' are good advice.

If just 10% of people who regularly visit these forums were not trying to enrich themselves and focused on how to make alternative cryptocurrency successful the world could be a much better place someday.

I said this is black market.

So, you can't prove your words? It's not like I'm charging at you, I just want to have reliable info.

No, I can't prove. But if u use search button on this forum u may find some evidences.

which one is better ? CPU or GPU. I have i7 coree, should i try it?

You don't need any special hardware.  You can mine Nxt (https://bitcointalk.org/index.php?topic=345619.0) on an old computer as long as you can run java.  It takes very little processing power.  It's 100% Proof-of-Stake.

I've been mining all day but haven't earned anything. I can see only transactions of other people. Am I doing something wrong?

Can you provide some more evidence on this

I've already stated some of the similarities but lets go over them.

1.

The "MCX" in MCXnow stands for MicroCash eXchange. An exchange that realsolid started so he would have a place to sell Solidcoin, a coin which he created and was not traded on any other exchange. He promised at some point to convert SC to MC but still hasn't gotten around to it. Basically it was a mechanism for him to convert his worthless SC, and MNC into BTC.

Gdex.com was started by a NXT "stakeholder" so he would have a place to trade his worthless NXT for BTC. Even though gdex.com only trades one coin and has only been open for a coupe weeks it is being used as the sole source for stating NXT market cap which is complete bogus and I have said as much in the coinmarketcap forum.

2.
Realsolid then engaged in insider trading and price manipulation on his coins. He created fake volume and price spikes with puppet accounts and the fees he was charged to do this went back to himself so it didn't even cost him anything to artificially increase the value of his coins.

He later went on to even bigger scams with his feeshares but that is not part of this discussion.

I cannot prove 100% at this point that insider trading and price manipulation is going on at gdex.com but it is very likely. Anytime you have a small group of people who own 100% of the coins some of them are going to want to engage in price fixing even if they aren't all in on the scam.

I said it earlier and it is true, there is nothing stopping NXT holders from making the price of NXT anything they want. They have all the coins and only need to rig one exchange. NXT fanboys then tried to play this off saying that all markets are manipulated and this is true to some extent but it is a lot harder for a group of manipulators owning 10% of the coins to fix a price on 5-6 exchanges then it is for a group owning 90+% to fix the price on a single exchange.

This is a legitimate concern.

3.

Realsolid had a scheme to convert SC to MC where only the SC held as balances at MCXnow at the time of the conversion were going to have a "stake" in microcash. Microcash was not going to be created by conventional mining. "Stakeholders" would start off owning 100%.


NXT is 100% pre-mined. They call it 100% distributed to "stakeholders" but it is effectively the exact same thing.

4.

When you mine NXT for the fee's the more coins you already own the greater the chance you have of mining success. So it is unlike other coins where an outside miner can come in owning zero of a certain coin and start to build a decent stash just buy mining without having to spend BTC. NXT's biggest holders always have a mining advantage over the little guy and if you want greater mining success you have to buy a whole bunch of NXT enriching the stakeholders that started off with 100%.

This caught my attention because I had done some research on MicroCash and sure enough it was going to function very similarly. The biggest holders would receive the greatest rewards which is great when you are a "stakeholder" and already have most of the coins.

Realsolid (microcash forum):

Hm, I follow ur logic and come to a conclusion that Bitcoin is just Tulip mania...

There are no other insiders on DGEX besides myself.

It sure has crossed my mind to do some trading with the immaculate insider information. But I don't own a lot of NXT -  I have traded a few 10k's of my own stack a handful of times when it looks good to do so and not detrimental to the market, but I posses enough experience on day trading numerous markets during the past two decades to know that I do suck in it.

So, my trades even with the perfect picture on the market, excellent timing, and long experience made me lose. That's of course because I lack the ammunition and stay clean not "using margin" or other dirty tricks like the folks you example must have done. Based on that - even though I do not lack guts - I really wouldn't dare to risk customer monies, the public image of the currency & my reputation all to such nonsense in this delicious market situation, not to even mention the moral hazards simply because I know the claims of integrity and being a man of his word mean nothing here.

In a small market like this you can track the funds movement from the blockchain and get a pretty nice picture of the situation.

Yep it is quite simple to move the market for any of the 5M+ NXT holders - especially when there are no fees (you can just trade by yourself) but for some reason they are not doing it. Except for perhaps in a scale that can not be distinguished from real trading. They are either greedy pigs waiting for the real 1000-bagger windfall, or alternatively very clever even altruistic folks, or some may be actually both!

However I fail to see the point on the accusations here when NXT has been rather calm on its price compared to most of the mainstream cryptocurrencies. Pyramid scheme and manipulation? Yes like the whole crypto field as CfB noted above. Scam, meaning dishonest operation? No.

you are disillusion as fuck, thanks for the belly laugh.

@ Thorgrim

Thank you for the detailed explaination. I missed the Microcash story, because i paused with Bitcoin and the Forum on this time period.
It is genious how you combined the evidence. Realsolid's handwriting seems nearly the same in this case, or he trained the NXT guys as his students ;D - for a high fee offcourse.

I think its relly dangerous that coinmarketcap.com listed them. NXT isnt traded on public Exchanges so its likely coinmarketcap
was payed in NXT. NXT is like ripple, the differece they got listed on the normal page which is a kind of scam in my eyes.

"Public exchanges"? U meant "centralized exchanges"? Man, it's almost 2014 now, NXT will be traded on a decentralized exchange.

so wrong...
NXT Price is made on 1  "centralized exchange" !
so NXT is even more centralised than other coins which are traded up to 12 public exchanges at the same time! (Bitcoin vs USD for example)
So dont try the old re-defiing trick. Redefining "premine" didn't work, and your try redefining "centralised" was a shot in the own feet. ;D

Ok. Obviously u don't pay attention to sane counterarguments. Let's stop there.

Seems like people are still surprised when one coin pops up.  ::)

You don't understand. There would be no centralised pools, no centralised exchanges. Everything in transactions.
Now it is not. So don't go into it. You should wait until it would be implemented and merge features with PoW approach.

I know that everything is in transaction, but you can't tell me that the price finding of the market value
is not made on the only aviable exchange. I understand supply and demand very well  :)
So people will always looking for an orientation point.

Yes, i just wait and see where it goes.
But i wont support it.

My post from the coinmarketcap.com thread:

I find it very interesting that within a day or two of Mastercoin being on the charts, Nxt's "market cap" has now risen dramatically and is now within 1MM of Mastercoin.

The recent rises in price, and the fact that Nxt trades on a single private exchange (from what I understand of it) smells funny. A cartel of a few large holders trading between themselves (or a single holder with multiple addresses -- remember the max contribution was 1 BTC per address -- someone could easily own 10-15 addresses) could easily engineer a rapid increase like this, and Nxt has a very large incentive to stay ahead of Mastercoin, making it be "the largest/highest valued crypto" of it's kind -- e.g. next-gen distributed application platforms.

Nothing inherently against Nxt, but let's get it on a few exchanges and see. I'm also not saying it's a scamcoin, but I think it's in a market situation now where it's very open for manipulation by large players. Mastercoin has somewhat of this same problem, but it is already traded numerous places (however, I believe the price data is only coming from masterxchange at this time). And, if we start seeing the same kind of massive and rapid price increases for Mastercoin on little to no news, with indicators of potential manipulation similar to what was posted earlier in this thread and on other threads, I'll start saying the same thing about it.

What are you talking about?

Nxt Coin is clearly a scam?
look ta coinmarketcap.com


within days they went from an actual value, to nothing "?".

NxtCoin seems like a scam, just like Worldcoin (early mining by owners), Feathercoin (same doops as worldcoin?) and Ripple (all "coins" are premined, so its NOT a cryptocurreny, just a lousy attempt to rip people of their money)

If people just do some research befor they select a "currency".
They would be much better of.

Try to google:
(altcoin i want to start "mining"(cant mine ripple or other scams)) scam
If you have many hits.
Read up on them...

Bitcoin?
Litecoin?

If you not have invested yet, start with those two. 95% of other coins will just die...

If you are looking for a real 100% Proof of Stake coin, go with COL.

It started out being mined and transitioned to 100% POS. No funny business here.

It trades on cryptsy in the LTC market.

You missed out on the fact that NXT was already listed on Coinmarket cap for a week or so before Mastercoin got listed.
So in fact it looked as if Mastercoin was thrown into the cap list to knock NXT off the 3rd place.
And have u seen the trade volume om Mastercoin?  Less than Feathercoin, believe it or not.

Ans as to why the listing for NXT is gone from Coinmarketcap: DGEX exchange has been under DDoS, they upgraded the site today and the data link isn't up yet. But the site itself is working better then ever: http://www.dgex.com/
NXT will be back on the list soon, probably in 3rd or 4th place.

Nxt will be worth $80-$100 end of 2014. You heard it here first

1.) Who is DGEX?

DGEX.com is operated by Graviton Capital Inc. GCInc has been in e-currency business since 2001 (formerly Aureum Enterprises). The company entered the Bitcoin field in May 2012. Other sites owned by GCInc are for instance goldgameland.com, goldtails.com and botdice.com, and another high profile Bitcoin exchanger that will be live in late 2013.

2.) Why are there no trading fees?

DGEX promotes NXT trading by lifting trading fees at least in the beta period. We charge 1.4% of all Bitcoin withdrawals to cover transaction fees and other overhead costs. NXT withdrawals carry no fee until the end of 2013, we absorb the 1 NXT transaction fee.

3.) Why do you support only NXT <-> BTC?

DGEX will support multiple cryptocurrencies in the future. DGEX started by trading Freicoin that was switched to NEXT in November 2013.

4.) How risky is this? Can I trust you?

We have more than a decade's experience in combatting e-currency hackers of a wide variety, and two years' intensive experience of the Bitcoin tricksters. We do not currently use hot wallets.

As to the issue whether to trust our character with your money, you may wish to investigate our Bitcointalk profile. If you have doubts until DGEX is established, trade small and minimize your exposure by not keeping large funds on your account balance.

+1   ;D

I strongly recommend taking a good look at NXT: (if u have a week to spare)

https://bitcointalk.org/index.php?topic=345619.0

And then ask yourself if this is a typical scam coin or the next Bitcoin.

I love this thread, so much butthurt from shitcoins owners  ;D

Lol! so you just ignore the OP?

what about:
"The currency website www.nextcoin.org and NXT echange platform DGEX.com are both hosted by the same company that appears have produced the currency.
That's Graviton Capital Inc.
By checking the WHOIS info on these websites the admin of both is goldtails@gmail.com

By googling that emailadress I discovered other websites that are adminned by this guy:

http://www.ipaddressden.com/email/goldtails@gmail.com.html

http://www.webboar.com/whois-email/goldtails@gmail.com

These are domainnames of gambling websites that look like scams.
The one that caught my eye the most is: www.ponzigame.com
PONZI GAME...

Above all that: in the terms of DGEX.com NXT exchange website it says that all BTC tranfered in to your DGEX account will become property of DGEX.com
So if DGEX.com decides to take all the BTC and close the website there is nothing you can do about it."

Isnt this a serious issue?
Why do you not care that the "owner" of your cryptocurrency of selection also owns a shitpile of scammingsites?
    (I guess your answer have to be "Oh, he owns 100 scammer sites. but NEXTCOIN IS LEGIT.")....
Grow up guys :)

PS:
And i dont even own a single bitcoin or nextshitcoin :)

No need to spend a week on that thread:

- It's not opensource, we'll see on the 3rd of January
- It's PoS
- Extensive list of innovative features made in advance to attract noobs

These 3 reasons are enough for me to stay away from it, for now.

100 billion marketcap? rofl

Fair enough, geezer who runs DGEX also runs some (apparently) dodgy sites.

He's not the "owner" of NXT, tho', the owners are the initial 71 guys who initially funded the NXT project.
The request for funding was openly posted on this forum, for anyone to get in on the ground floor if they wanted to.

I have my reservations about NXT, for sure, especially the distribution at the moment.
But take a look at the fora: do u see any other alts with 500-page threads ?
This means that NXT is building a serious, dedicated community and it's that support which persuaded me to throw some BTC into it.

Just gotta wait and see, worst case, I'm down some money, best case, i'm up lots  8)
 

Doge owners become very agressive when the canine price falls. :D

Hey that's me! In addition to DGEX I seized the opportunity and also founded nextcoin.org. Isn't that just so cool?

Yeah. Excellent domain, wanna offer? A game that everyone knows is a ponzi, is a fair game for everyone who knows it's a ponzi. It's still waiting implementation though.

Exactly. How witty is that?

Wrong, I own 0 scammingsites. Do your homework.

I understand you. I pity you.

to be frank this is very misty answer on very concrete opinion full of facts.
Here is a place where people can say freely their opinion and in case they state detailed and logic arguments they deserve concrete answer.

If you have so bad opinion about bitcoin, why NXT is not traded for catcoins or solidcoins :)

who plays honest and fair game has nothing to hide and in fact is very glad to show all arguments.
I am sure that most people from bitcointalk are able to make their own conclusions.  ;D

I agree, very nicely explained

Fixed that for u.

pretty much sums it up:


   "Once a deposit is made, the funds transferred become the property of DGEX.com and
    the client can hold no claim for the funds displayed on their DGEX.com account..."



though it's nice to know they are "aiming" to be bona fide:

   "Refund Policy: While DGEX.com is aiming for bona fide operationability, there are no refunds.
   All deposits are considered final purchases of digital tokens within the DGEX.com database only."

So you are saying those 70+ donors who own 1/4 of all Nxt will have $400,000,000 each... Not to mention the few anonymous individuals who own 3/4 of all Nxt...

There is a fool born every minute. They fucked up with the distribution and it has destroyed the coin. A lot of people are realizing that they got played https://bitcointalk.org/index.php?topic=401028.0

https://bitcointalk.org/index.php?topic=397183.0

No... you have not.... this is not the latest version.

How do we know that you have a trojan in Nxt?

We can't because you have not released the source code!

Fundamental crypto coin rules - no source code - no trust.

Just look at the code. U already proved to be a Java expert, didn't u?

Sign the petition to demand Nxt release source code so we can begin our journey:  https://bitcointalk.org/index.php?topic=422590.msg4598983

Signed - https://bitcointalk.org/index.php?topic=422590.msg4599027#msg4599027

signed: https://github.com/slothbag/nxt-decompiled/blob/master/Nxt.java

https://github.com/slothbag/nxt-decompiled/blob/master/Nxt.java

They could have made NXT only 90% PoS and not pre-mined.

Transparent Forging requires 100% PoS. 100% PoS requires all coins to be issued at once.

I still don´t understnad what´s the added value of NXT

I'm not sure if I understand your "added value", please elaborate.
(http://en.wikipedia.org/wiki/Added_value)

It's very clear......

So please educate me with your definition. Thanks.

Troll someone else, it speaks for itself ;)

Looks like we got a bump and run coward  :D

You fooled us into thinking you genuinely wanted to understand  ;D we can help, if you just explained

Yeah, it's a bummer...
I really wanted to help him, would have pointed him here https://wiki.nxtcrypto.org/wiki/Whitepaper:Nxt or maybe here http://www.nxttechnologytree.com/, if the guy had lost track entirely maybe this would have helped http://en.wikipedia.org/wiki/Lego_Mindstorms_NXT

Furio if you're ashamed just ask me in PM  ;)