Bitcoin Forum

Do you think that the NXT delevopment team are secretly creating Nem ( I know Nem have a different developers team and it states it on their post but those people could have been employed by Nxt) and now they want to start fresh to hit a new milestone they already know that the milestone for Nxt was 0.00012/btc? I think that they think that the value won't get higher due to poor distribution and other things that people are worried about which hinders the price from hitting a new milestone. They know what they did wrong now are correcting it through Nem.

P.S. I think Nem distribution isn't that fair off from being as worse as Nxt. We don't know that those account were not created by Nem staff, family members, friends or relatives or even other people creating multiple accounts.

BCnext was right. there is no way to distribute coins that is fair unless you give equal amounts of coins to each person in the world on release.
giving them to miners (0.001% of worlds population) is not fair
giving them to investors (1% of worlds population) is not fair
giving them to bitcointalk accounts for just saying "intrested" is still not fair.

ther'll always be billions of ppl left out of the coin distribution process ready to say it was not not fair.
Bcnext asked a mere total of 21 btc for his work....and with hindsight i can say it was a very fair asking price.
i didn't invest at the time cos i thought it would be a scam...but some did and got rightly rewarded for the huge risk they took. i think that was fair imo although I didn't personally benefit from it.


that's why i stopped looking at what's fair...and just concentarte on the technology.
if i like the tehcnology i'll try and have some (if the cost is right) .
a technology to be interesting needs to be innovative.

 I will have my equal share of NEM cos i did post in that thread "interested" although i find copying someone else work kinda immoral.
difficult to estabilish what fair is....but copying another coin i don't see it as fair.
that's why I generally don't even take any notice of clones.

Agreed. We should sticky this somewhere. I'll quote it at least.

i think there must be a way to give out coins more fairly......and by fairly i mean distributed in the interests of uptake of that coin.


it would involve some sort of hard to to captacha + ip + address + ????

this may be part of the crypto puzzle to solve.

A provably distributed coin would be worth a lot

What's in the pipeline: asset exchange, full TF implementation, turing ability, anonymous transactions, coins on top of Nxt, parallel blockchains, services using Nxt... But yeah, Nxt's value won't get higher ;D

agreed

+1

Mark!
Focus on new developments！！！

Why you don't ask utopianfuture about a conspiracy between NEM and NXT ?!  ;)
I guess you already know the answer to your own question.
Nevertheless - every kind of discussion about NEM is good and shows up the great interest in that coin.

No, there is no conspiracy.  Nem's whole concept is ridiculous.  Even its slogan was copied from Nxt.  It claims it is a "new economic movement", but they got that concept from my quote about Nxt being "not just another cryptocurrency, but a movement".  Nxt is the true "new economic movement".

It claims it is a "no envy movement", but the only reason it exists is for people to try to replicate Nxt's monetary success.

Nem's distribution is highly concentrated.  Currently, Nxt is even more distributed than Bitcoin.

Everyone who is "investing in Nem" is wasting their money imo, but people can make their own decision.

I like NXT, I adore the concept and Im looking forward to see all those great ideas materialized. But I dont think you can really back up statement that NEM is highly concentrated, that is just your assumption - fear of competition most probably, it is absolutly understandible. NXT is great technologically but character of original distribution makes it scary for potential investors.
I personally dont fear that someone owns so much NEM that he could crash the market by dumps, therefore I consider it more attractive.
And having more than 1000 unique members on board creates huge driving force. There is atleast 1000 motivated people that would work together to become wealthy, that is enormous power. Do not overlook this potential.

regarding question in topic, NO I dont think NXTers are seceretly developing NEM, because I see some big stakeholders from NXT community bashing NEM.

Exactly. Cos capitalists (people in capitalyst system) aren't and can't be equally wealthed neither static or dynamic. Even if equal amount of some coin'll be magically forcefully brought to every single people in world, a few moments later situation become unfair for sure: someone'll lost his coins, someone'll start to tricking others for coins, someone'll simply steal a lot, someone'll buy a thing he really doesn't need and so on. The Game of Capitals.

Fully non-anonymous at start? I wish u luck to find even hundrers of people giving their IDs for just another coin.

lol, do you really think that 0.00012 was the peak for NXT? that's just the beginning, the community behind it is awesome and beside that, the ideas and already running projects are tremendous.

NEM has the potential to overwhelm NXT, but it's a long run. About 3k stakeholders makes a brainstorming and developing army. But we'll see...

I think it's so funny that people are so scared of new coins. They have an interest in coin, and then feel that they have to bash new coins, or their coin will be hurt by the new one. You should have more confidence in your investment or sell it and move on. But no, you convince yourself of lies, or purposely spread FUD about a new coin.

Everytime you do this you actually hurt the coin you care so much about. Do you really think that most people read your silly comments and think more positive about your coin? Or negative of the new coin you are so scared of? Maybe some do, but I believe that most who read your bullshit see right thru you!!

It is so funny to me!!!  ;D ;D ;D

No.

I think NXT is great. I have never seen as much innovation in a thread in this last year.  Only issue I have with NXT atm is that 60 accounts currently hold ~73% of the coins that will ever be generated. Kudo's to them on their luck, but the current price doesn't reflect the market in my humble opinion.

My issue with NEM is that it is all just vaporware until the community starts building.


Disclaimer: I hold nxt, insterested in nem and about 90% of the other shitcoins. :-)

Holy cow, great nickname!

Nobody is afraid of Nem.  I'm not "bashing" anything.  I'm just stating fact.  Do NOT call me a liar.

Please explain to me how Nem is innovative?

Everything about Nem is a blatant copy from Nxt.

I agree. Because Nxt is the future of crypto currencies, not just forks of bitcoin but actually new and very innovative. With the released of its source code some coin dev want to copy Nxt and Nem is one of those coin who has every features of Nxt. But others do not realized that Nxt is still work in progress and it would be difficult to copy future updates that Nxt will going to implement.

For now it's just psychology. Later it'll be own code, if project'll thrive, may be it'll be first try of PoS+PoN.

More cryptopeople involved into PoS, into thinking and coding, better for cryptoworld (and for real economy as well).

I doubt they are the same devs.

I have some NXT and have bought into NEM, so I hope they both do well.

It is debatable if https://bitcointalk.org/index.php?topic=430467.0 is already fair, but is surely much better.

http://exocoin.org/images/spreading.png

Nothing "fair" there from my point of view ("", cos I disagree with basic fairness concept completely):

U can get a stakes from 6 sectors depending on your wealth and activity: e-mail (eq. share) + early (up to smth, say close to ~eq, but cappers, I suppose, actually'll get more) + 2nd (OK, up to ~eq. too) + 3rd (same here) + mining, where u can buy as much rigs as u can afford + interest on top of that. Only 1 sector (1% of all coins) hardly depends on wealth, cos cheating in some form of giveaways can be prevented + there'll be so low $/h rate for cheating anyway.

Perhaps, but that's not the point anyway, is it?

So, because you used the word movement to describe NXT, any slogan with the word movement in it is stolen from you? Makes sense...

NEM is not a copy of NXT any more than NXT is a copy of emunie.

I read this an laughed my ass off. Then I read his past posts. I had tears in my eyes laughing!!

I don't see how it's "debatable fair" at all. Just another asset (relative more or less valuable) for capitalists, we all are here.

I have to give you credit for being consistent. The concept of "fairness" belongs to a moralistic category which for some philosophers mean absolutely nothing. Debates on the the concept of "equality" is equally controversial and problematic.
The liberal philosophy understanding of "equality" in the phrase "liberty, equality and fraternity" has a limited meaning that everyone should have an equal rights before law.

I has steered NEM fundraising away from any claims of being "fairest" or "most equal". The main goal of NEM fundraising is to build a community and secondary goal is to have a decent amount of development fund. I achieved that by spreading NEM as widely and equally as possible (but not perfectly equal).  We will also focus on the principles of egalitarianism and charity but will also consider other practical considerations. Any competition toward being "fairest" or "most equal" without building community and considering other practical issues is pointless, imho.    

It is not "debutable"; it's debatable. In the sense that it one can discuss if alternatives are still bad or already decent, but at least that (and NEM, it seems) surely suck less than Nxt.

Then who said other people are capitalists just because you are? I'm an hobbyist and don't care about speculation or ideology.

That's no fair affair in this space now, all trying to grab as much as they can, new gold rush in internet era.

Thx.

Well: my opinion - same wealth-based distribution. And I don't get much why for people so important distribution behind (or parallel with) trading. At capitalism trading always brings us wealth-based distribution of the asset in the end. Meh, but I can live with that.

I mean not by ideology, but by interacting with world. Do u buy (food, bandwidth, coins, don't matter), do u sell (time, effort, product, service, coins etc)? Do u not create barriers for free markets? In my estimation this is capitalist's actions, whatever u call yourself.

If you are a trader, then yeah I get what you're trying to say, but I couldn't care less. tbh, I'm just a bit fed up of the Nxt shills starting BS threads to make their cultist garbage relevant in this forum. They want to beat BTC but need the Btctalk forum. They are against exchanges but shill for being traded at cryptsy. They are anti-mining and attack BTC or Doge, but conveniently forget the coins that are in a mainly PoS phase and even offered for Nxt to be an accepted currency for the rental of mining rigs!!

If I come across opportunities to make a few coins and that happens to be out of trading Nxt, I'm not going to be the "socialist" idiot that leaves money on the table. But quite frankly, this hypocritical charade is becoming very similar to the shill threads of false experts suggesting that "you" should buy Worldcoin or Doge or any other coin they want to dump. This is getting to the level of annoying spam! In that sense, NEM and others > Nxt. That also reflects on the way they make other kind of effort on the initial distribution and many other aspects, my post regarding that other coin is actually a side point on the bigger context

I'm reading and writing about Nxt at 4-5 places. BTT - one of them. I suppose vast majority of Nxters wants to stay here (habit + network effect), but it's up to BTT's admins. They're already thinking about cutting off whole Altcoin branch.

Who exactly? May be u're talking about trolls, who're part of every big enough project? I don't see wide behavior like this.

That ones who wants to develop PoW-coin on top of Nxt don't care about mining. For example, I do, I don't wanna such coin to be implemented, but it's free market. What about other PoS-coins? Its (PPC/NVC) PoS-mining different from Nxt's forging and discussion from time to time continues what is the best and more secured. Both better than PoW-mining (IMO) for sure.

I'm not so easy annoyed by non-contentext ads, but I partitially agree with u: sometimes Nxt as topic comes spammy in hand of some guys. Well, it's up to us how to deal with it. I hope there'll be much less anything like that in every crypto, incl. NEM and eXo, but there still no difference in "fairness": beauty about crypto-currency - u don't have to care who else included in any (in every popular there'll be a huge amount of pure spammers and other bad guys, if NEM, for example, will get popular - they'll come into NEM).

I'm reading not so long ago how one of bitcoiners was upset that Bitcoin not a circle of friendly well-known geeks anymore. U're acting like him, IMO.

You have led it down the road of confiscation (https://bitcointalk.org/index.php?topic=426303.msg5258917#msg5258917) and mob rule (https://bitcointalk.org/index.php?topic=480290.0).

I am invested in nxt, but not a stakeholder (I came too late to the party).

I have read a lot about the unfairness of nxt distribution, about 70 stakeholders (the whales) hold the majority of coins. If you look at the nxt charts, you could sure get the idea that the whales are dumping every time nxt are rising! Even if there is no proof for this theory, I strongly believe it. But I also believe that the whales finally will slow down the dumping and become holders when they realize that there is long term value in nxt. So all will be good in the end for nxt investors, even the small fishes like me!  :)

tl;dr
There is no point investing in nem if you are already invested in nxt. Stay calm, watch nxt rising slowly!

Agree. Nxt is going upward though there are fluctuations.

Agree entirely.

Also,  Nxt is supposed to be open source,  so just like Bitcoin, copying and improvements of the code base is an assumption.  Calling that copying 'immoral' tells you the guy who made the quote has no clue what 'open source' means.

Finally, crypto-currencies are all about competition.  If a coin can't keep its value if it gets copied,  then that's just how it is.  Bitcoin gets copied all the time.   Its value still looks pretty good despite all the alt-coins out there.  On the flip side,  a lot of alt-coin also have extreme valuations. 

That is like saying, "There's no point in investing in google if you are already invested in yahoo".

At this very early stage, everything is up for grabs.  You never know which coin is going to go gangbusters.  I for one never expected DOGE coin to explode.   

So as an investment strategy,  I encourage folks to diversify.

Consider for example one of the first coins we built.... ZenithCoin... it has been around since June 2013 (one of the earlier alt-coins).   But it only has been listed lately and exchange and is at the bottom of www.coinmarketcap.com  .  Now it is really cheap at under $25,000 total,  but you will just never know if it goes up 10x at 250,000 or 100x at 2.5m.   

We also spend effort maintaining the 2nd oldest altcoin... IXCoin... it has been around for 3 years,  we like the fact that it has a ridiculous hash rate of around 15 peta hashes. 

There is also the coin NEX that is under heavy development.  We've taken a lot of the ideas on Bitcoin's wishlist and of other 2nd gen currency and created an innovative new platform. 

The point is,  don't put all your eggs in one basket.  The situation is very fluid and you want to be position in different places.

Agree here.

There are multiple considerations on how to distribute a coin. 

The long term consideration of building transaction if of course extremely important.  NEM has done a decent job of getting interest of 3,000+ participants.  That's quite good comparable to Nxt with an original 72 participants.

NEX by contrast has 150 participants who have pledged 780,000 Nxt and 1,000 email based interested participants.   It is still early stages, but I am sure with a working prototype, we expect greater participation.  There is of course a difference in how NEM and NEX are raising funds.   NEX does not collect funds until actual proof of delivery.  I'm not saying it is better,  it is just different.

No, actually I am saying "There is no point investing in yahoo if you are already invested in google".  ;D

BTW I am invested in bitcoin, namecoin, primecoin, nxt and exocoin...

Well then,  that's a hypocritical statement.  Your obviously diversified in other coins.  exocoin at this stage is a bit like NEM,  still in the works. 

So you have two houses in a neighborhood,  one house sold for $50,000,000 .  Another house goes for sale with the exact characteristics as the first house.  It is being sold for $50,000....  clearly that sounds like a bargain.   People over think this stuff!

I'm assuming u're talking not about investitions (generating interest), but about speculations (price growth for long positions). I'm sure better keep it splitted.

You are talking about stocks and houses, seems to be a bit off-topic to me!  :)

Investing in crypto currencies is not like buying a house, which has an intrinsic value. But the topic here is "should you invest in nem, because of the bad distribution of nxt?"! My opinion is that nem will be a copy cat of nxt and therefor will have a long way until it will overtake nxt, if ever.