Title: NXT mythbusters Post by: Uniqueorn on January 18, 2014, 08:22:50 AM Seeing as there is a lot of myths put forth by competitors and confused individuals regarding NXT, one of our most beloved community members has started a short series disspelling these myths one by one, starting with the most prominent ones:
http://nxtcoin.blogspot.com If you still have any serious questions, then please just ask and we will do our best to clarify Title: Re: NXT mythbusters Post by: FrictionlessCoin on January 18, 2014, 10:21:14 PM Seeing as there is a lot of myths put forth by competitors and confused individuals regarding NXT, one of our most beloved community members has started a short series disspelling these myths one by one, starting with the most prominent ones: http://nxtcoin.blogspot.com If you still have any serious questions, then please just ask and we will do our best to clarify Well what about this myth... "NXT is open source". Title: Re: NXT mythbusters Post by: PinkPotatos on January 18, 2014, 10:25:45 PM Seeing as there is a lot of myths put forth by competitors and confused individuals regarding NXT, one of our most beloved community members has started a short series disspelling these myths one by one, starting with the most prominent ones: http://nxtcoin.blogspot.com If you still have any serious questions, then please just ask and we will do our best to clarify Well what about this myth... "NXT is open source". ..hahaha Title: Re: NXT mythbusters Post by: salsacz on January 18, 2014, 10:27:04 PM Seeing as there is a lot of myths put forth by competitors and confused individuals regarding NXT, one of our most beloved community members has started a short series disspelling these myths one by one, starting with the most prominent ones: http://nxtcoin.blogspot.com If you still have any serious questions, then please just ask and we will do our best to clarify Well what about this myth... "NXT is open source". sure https://github.com/slothbag/nxt-decompiled Title: Re: NXT mythbusters Post by: dissident on January 18, 2014, 10:27:46 PM so 70% of bitcoins are held by 2-3% of the userbase? It's no surprise a vocal group of people are pumping it then... if I had 1000 bitcoins I'd be selling 900 of them and converting them to physical bullion personally. Pigs get slaughtered, as they say... no way so many coins in so few hands is a healthy market. It's no different than our fractional reserve systems of today where the top 1% control a huge percentage of the wealth.
I think I've made a decision here... I'm not going to help the 2% get even richer by promoting a system so top heavy at this point... once a coin is out that isn't a 'for profit' coin and is more evenly distributed I'll start mentioning crypto currencies more. Title: Re: NXT mythbusters Post by: salsacz on January 18, 2014, 10:29:02 PM so 70% of bitcoins are held by 2-3% of the userbase? It's no surprise a vocal group of people are pumping it then... if I had 1000 bitcoins I'd be selling 900 of them and converting them to physical bullion personally. Pigs get slaughtered, as they say... no way so many coins in so few hands is a healthy market. you probably don't know that in the fiat it is much worse..Title: Re: NXT mythbusters Post by: instacalm on January 18, 2014, 10:30:12 PM Seeing as there is a lot of myths put forth by competitors and confused individuals regarding NXT, one of our most beloved community members has started a short series disspelling these myths one by one, starting with the most prominent ones: http://nxtcoin.blogspot.com If you still have any serious questions, then please just ask and we will do our best to clarify Well what about this myth... "NXT is open source". FrictionlessCoin, good to see you! ;D ;D Hope you're well! Are you still around keeping up your good old babbling and delusion? I admit I'm looking forward to your entertainment! Title: Re: NXT mythbusters Post by: Uniqueorn on January 18, 2014, 10:40:04 PM so 70% of bitcoins are held by 2-3% of the userbase? It's no surprise a vocal group of people are pumping it then... if I had 1000 bitcoins I'd be selling 900 of them and converting them to physical bullion personally. Pigs get slaughtered, as they say... no way so many coins in so few hands is a healthy market. It's no different than our fractional reserve systems of today where the top 1% control a huge percentage of the wealth. I think I've made a decision here... I'm not going to help the 2% get even richer by promoting a system so top heavy at this point... once a coin is out that isn't a 'for profit' coin and is more evenly distributed I'll start mentioning crypto currencies more. So how is Bitcoin better? Title: Re: NXT mythbusters Post by: fcmatt on January 18, 2014, 10:45:45 PM Could not large holders of nxt simply spread them around to many many wallets giving the appearance it is distributed widely yet they hold the keys to those wallets still? Couldnt something like that be automated and when they wish to come back to a main wallet some day for easy use they reverse the scripted process?
I am not sure, thus i ask. Title: Re: NXT mythbusters Post by: Uniqueorn on January 18, 2014, 10:56:51 PM Could not large holders of nxt simply spread them around to many many wallets giving the appearance it is distributed widely yet they hold the keys to those wallets still? Couldnt something like that be automated and when they wish to come back to a main wallet some day for easy use they reverse the scripted process? I am not sure, thus i ask. It would still be tracable and obvious and completely fraudulent. Thankfully the NXT community is the opposite. Title: Re: NXT mythbusters Post by: fcmatt on January 18, 2014, 11:15:16 PM Could not large holders of nxt simply spread them around to many many wallets giving the appearance it is distributed widely yet they hold the keys to those wallets still? Couldnt something like that be automated and when they wish to come back to a main wallet some day for easy use they reverse the scripted process? I am not sure, thus i ask. It would still be tracable and obvious and completely fraudulent. Thankfully the NXT community is the opposite. Traceable if they were stupid enough to go back to a main wallet? Yes. Not so obvious if those manufacturered wallet contents were sent to an exchange/person for sale, trade, etc over time? Fraudulent? Yes, if the intentions were to make it seem like more people owned them then what it appears to be. I am just asking this because the stats above seem like they could be easily faked by just a couple hours/days worth of scripting? How does one prove they were not in this VERY competitive alt coin arena? Thank you for your reply earlier. Title: Re: NXT mythbusters Post by: FrictionlessCoin on January 18, 2014, 11:47:00 PM so 70% of bitcoins are held by 2-3% of the userbase? It's no surprise a vocal group of people are pumping it then... if I had 1000 bitcoins I'd be selling 900 of them and converting them to physical bullion personally. Pigs get slaughtered, as they say... no way so many coins in so few hands is a healthy market. It's no different than our fractional reserve systems of today where the top 1% control a huge percentage of the wealth. I think I've made a decision here... I'm not going to help the 2% get even richer by promoting a system so top heavy at this point... once a coin is out that isn't a 'for profit' coin and is more evenly distributed I'll start mentioning crypto currencies more. So how is Bitcoin better? Bitcoin is open source... peer reviewed and vetted. NXT is closed source. Title: Re: NXT mythbusters Post by: FrictionlessCoin on January 18, 2014, 11:51:08 PM I got another NXT myth:
"NXT is secure" and another one NXT wallets are secure. and a final one DGEX is a real exchange Please, tell me that these are not myths! Title: Re: NXT mythbusters Post by: Uniqueorn on January 18, 2014, 11:52:57 PM How is NXT closed source? are you smoking crack?
NXT is secure, all the "Mishaps" thus far hasn't had anything to do with NXT code, it has had to do with trojans and bullshit people have downloaded from unsecure sources, got nothing to do with NXT. Whether you like DGEX or not has nothing to do with NXT. DGEX is a privately owned exchange and has nothing to do with NXT itself. Title: Re: NXT mythbusters Post by: FrictionlessCoin on January 18, 2014, 11:57:31 PM How is NXT closed source? are you smoking crack? Show me the source, Luke! When you do, I'll have a new IPO, 1 billion The Next NXT (TNN) coins issued! Title: Re: NXT mythbusters Post by: utopianfuture on January 19, 2014, 12:17:54 AM How is NXT closed source? are you smoking crack? Show me the source, Luke! When you do, I'll have a new IPO, 1 billion The Next NXT (TNN) coins issued! https://github.com/slothbag/nxt-decompiled Title: Re: NXT mythbusters Post by: pinarello on January 19, 2014, 12:21:44 AM I got another NXT myth: "NXT is secure" and another one NXT wallets are secure. and a final one DGEX is a real exchange Please, tell me that these are not myths! If you think dgex is not an exchange how about bter.com? Title: Re: NXT mythbusters Post by: relm9 on January 19, 2014, 12:22:22 AM How is NXT closed source? are you smoking crack? Show me the source, Luke! When you do, I'll have a new IPO, 1 billion The Next NXT (TNN) coins issued! This argument about the source not being open is getting tired. Java code can be easily decompiled with a few clicks and on top of that the NXT devs make no attempt to obfuscate the code (unlike eMunie). Title: Re: NXT mythbusters Post by: instacalm on January 19, 2014, 12:23:37 AM FrictionlessCoin, please keep it coming! ;D
Title: Re: NXT mythbusters Post by: FrictionlessCoin on January 19, 2014, 12:56:22 AM I got another NXT myth: "NXT is secure" and another one NXT wallets are secure. and a final one DGEX is a real exchange Please, tell me that these are not myths! If you think dgex is not an exchange how about bter.com? Bter is real, that's why NXT will start crashing in the next few days. In fact, it already lost 30% of its value since it listed on BTER. Title: Re: NXT mythbusters Post by: FrictionlessCoin on January 19, 2014, 12:58:49 AM How is NXT closed source? are you smoking crack? Show me the source, Luke! When you do, I'll have a new IPO, 1 billion The Next NXT (TNN) coins issued! This argument about the source not being open is getting tired. Java code can be easily decompiled with a few clicks and on top of that the NXT devs make no attempt to obfuscate the code (unlike eMunie). Like I said, still a myth "NXT is open source". So now you are claiming code that is decompiled is "open source". Man, you NXT folks are full of it. Title: Re: NXT mythbusters Post by: utopianfuture on January 19, 2014, 01:05:43 AM How is NXT closed source? are you smoking crack? Show me the source, Luke! When you do, I'll have a new IPO, 1 billion The Next NXT (TNN) coins issued! This argument about the source not being open is getting tired. Java code can be easily decompiled with a few clicks and on top of that the NXT devs make no attempt to obfuscate the code (unlike eMunie). Like I said, still a myth "NXT is open source". So now you are claiming code that is decompiled is "open source". Man, you NXT folks are full of it. Hey what are you eating today ? too hot ? Mexican food ? Title: Re: NXT mythbusters Post by: FrictionlessCoin on January 19, 2014, 01:20:02 AM Announcement!
NEX descendant of NXT to be released! https://bitcointalk.org/index.php?topic=422052 |