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Is there something contagious in the nxt source code.... ??? that demands super concentrated distribution??

The developers miss the elephant in the room....


NXT looks good, but is held back by the initial distribution to only 71 people...

So you clone next and obviously you take away this criticism so that your coin may not have this to drag it down.

So now we get NAS - - guess what 71% to 11 people with the largest of the 11 holding 20% of the entire minting.... LOL what???




Is it true that the top 3 IPO investors received 37% of all coins, and the top 11 IPO investors received 71% of all coins?

Ranking   Account Number   NAS received   % of total 10bn NAS
1   16545239077924294773   1993005000   19.93%
2   1017925928554332177   997500000   9.98%
3   12962305291451856272   733761000   7.34%
4   10154666925216279036   527478000   5.27%
5   9437257435252063080   470820000   4.71%
6   17852752570692853871   439698000   4.4%
7   9431573599992481224   399000000   3.99%
8   3946695318601168288   399000000   3.99%
9   9073375756757743601   399000000   3.99%
10   9936206869497287267   399000000   3.99%
11   7827670721723948264   398800500   3.99%

someome apparently bought nearly 2 000 000 000 coins for 0.49 BTC and wants to sell it now for MIN of 500BTC lol wtf  this board gets more insane by the day?


the giveaway was crumbs for hundreds of people.... all combined have a fraction of 1 person.

But wait there is a huge giveway right? nope it is tiny ... 1 person got 10x more than 100's of people combined?

NO - everyone else get's to share just  10% of ONE persons personal stash? this is just crazy.

So 1 single person holds 20% everyone else gets share between hundreds of them 2% ? what?


Even with NXT you could buy it cheap from the ipo holders for a while.... these NAS guys only want 800-1200X their investment a few days ago.


Can someone copy and paste next and actually distribute the coins out to MORE than 11 people?  



Anyone buying this at 20 sats is insane....


Some one will be a long shortly with the next nxt clone that actually gets some kind of reasonable distribution model going.



If you could not be bothered to read that.........


NAS distribution  is  WAY worse than Nxt's distribution. The giveaway means nothing in real terms.

Someone needs to release a nxt clone that does not allow 11 people to hold 71% of the coins.... how difficult can it be.


Let's discuss ways to provide better distribution methods.

I think you'll find some of the early nxt adopters are behind nas as well... A little bit of a coincidence that it is suddenly on dgex (owned by one of the biggest nxt holders)? I think not.

How hard is it to copy and paste nxt?

And distribute it out to more than 11 people?  


WTF?  we just see one bigger ponzi after another.


Be honest keep 10% for the dev team held my escrow member - released to them in a transparent way for their time and projects over the coming years.


the rest distribute out in a way that is reasonable... not give it to a handful of people and then some tiny scraps for the rest hoping they will support the coins and drive it forward. Most people think their 50k or 100k means anything when 1 person has 2 000 000 000 coins.

I don't say NAS is a scam but it is a total fail since the ipo owners are insisting on 800x or 1200x returns on their few day old investment.  Total  bullshit. 


One guy obviously bought a super monster batch of nas and now trying to pump this shit and extract more btc from people.


A fair 40x return on the investment to distribute the coins out a bit is getting laughed at as a joke, 1200x or nothing they say...hehe


Come on someone copy and paste nxt with a decent distribution model, not worse than the one you are seemingly trying to improve on.



Time for a nxt clone with some reasonable distribution model to kick it off.

A little off topic,

With all these PoS coins around are there any that are actually worth investing in? I haven't done much research on PoS coins and thought it may be time to buy some, or not...

I'm not sure, my trading advice is deadly i would not inflict that on anyone.

Make a thread, and ask. POS seems a good way to go for energy efficiency... a lot of coins will introduce it soon i'm sure.


So back to nxt and the clones...

who can clone nxt and give more than 11 people a  fair chance at getting a reasonable amount.

I would be into a new PoS NXT or other clone that is fairly distributed. Faircoin attempted some sort of fair distribution, but then shit happened, the devs either got greedy or they fucked up. Blackcoin seems to be doing okay, it was distributed with PoW as we all know.

So I guess the real question is how to distribute a PoS coin fairly?

Facebook? - no many alts can be created and some people already have that.
Captcha with IP address verification - no some people have access to many IP addresses. Sysadmins for instance.
Airdrop - scams with centralized control
BTCTalk accounts? - no many alternate accounts held by members.
IPO - no it doesn't work for fair distribution.

I don't know if this is possible but how about this approach -

We take an established coin and use its addresses for fair distribution for this example lets say we decide to use LTC. A snapshot of the LTC blockchain is taken at a set date. The PoS coin uses the addresses to hand out coins. If you have say 5 addresses in your LTC wallet you'll be able to import those into the new PoS coin and for each one you get a set amount of new PoS coins. Can something like this work? Kinda like what Protoshares does.

hmm yes well certainly that would see more than 11 people get a substantial share. But what about people with no ltc and some with 500k ltc... it makes the rich richer.

Better would be...

premine it all up.....

10bn minting for example...

sell for 1m = 0.01 BTC until all sold max any user account on here can buy on here is 10M at the initial buy in price...  have to be registered before the date of release.

All btc held by escrow level person and used in a transparent way for projects and such in future.

2% of the minting held back by escrow level member for the devs released over a time period that is suitable.

Nothing is perfect of course but giving 71% to 11 people is just crazy, things are meant to get better not worse.

I'm sure way smarter persons than myself could think up even better ways however as yet i have not seen anything even as good as that.

well yes none of these are perfect but shit any of them are a far far far better way than giving 71% of coins to 11 people.

I don´t understand this cloning thing at all.

If you clone NXT, and the NXT-Team implements improvements and new features, what happens to the clone?
Is it that easy to just copy it again? Or will it last at the old version?

I must say I found this thread interesting.

I have some NAS coins from a task and a giveaway, I am not a NXT interested, so  maybe I missed some "bad news" about NXT coin,
but why you are calling it a Ponzi?

I didn't invested any money into NAS so I do not feel like I am inside of any Ponzi.
I dunno.

This coin looks like a coin :) I can say. But it has PoS and it has VERY user friendly COOL wallet and you need a java to run it, then you use it via web browser.

I say it is quite cool. I do not know what bad is in NXT so maybe that is a reason why I do not see something so so bad in NAS.

And maybe I agree that there are some strange features in this coin, and I dunno how much profit developers will take - maybe they are trying to make a "huge profit"  because of greed - I dunno.

I just keep my NAS coins and wait for what will future bring for it.

What I would do:

 - Each of the 500 "interested" investors in NAS get 1 share each. Total shares in this group: 500
 - Each of the 33 "IPO" investors in NAS get N shares, where N=30*(X+0.2), where X is the BTC donated (or NXT equivalent, at 0.00005 BTC/NXT rate). Total shares in this group: 265.659

Create a NAS clone with 2 billion coins. Distribute it as follows:
 - 1 billion: temporary forging account
 - 1 billion: Allocated to 533 accounts at 1,306,064 coins per share

     Example: non-paid interested stakeholder gets 1 share, or 1,306,064 coins
     Example: 0.01 BTC invested (lowest investor) gets 6.3 shares, or 8,228,206 coins
     Example: 0.4995 BTC invested (highest investor) gets 69.95 shares, or 27,407,762 coins

The 1 billion NAS in the forging account would be run by a trusted escrow (such as Anon136), for two weeks, on the absolute understanding that it would all be sent to the genesis block (i.e. destroyed) over the period of those two weeks, as forging nodes come online.

The coin would run alongside NAS, and the community would either pick it up and run with it, or not (in which case it would quietly die).

Rationale: you are rewarding paid investors by giving them a much larger share, but not so much that you have whales with up to 20% of the distribution each, and 500 people with 0.001% each. Nobody gets more than 2.74%, or less than 0.13%


EDIT: as all the account numbers and public keys of all 533 accounts are known, all this is possible without having to spend 2 weeks getting information from each investor.

Can you find a single company that was started with that 'fair' of a distribution?

How was NAS's initial distribution done?  Why didn't I hear about it?  I've been big in the Nxt community.. doesn't sound very fair to me!

Simple solution is to build a Nxt clone that is a Bitcoin spin-off (https://bitcointalk.org/index.php?topic=563972.0)

If you like NAS...try the original.

NXT has had it's issues in the past, but it is packed full of innovative features, not just another pump 'n' dump clone of BTC/LTC
Just take a look at the insane number of NXT clones springing up....if NXT is so awful, why clone it?

These guys all know that NXT is going to be a serious contender for the #2 (or maybe even #1) spot in the not-so-distant future, and are trying to get in on the action, by setting up a clone-coin to put themselves in the position of the semi-mythical NXT founders/early adopters.

Problem is that they don't quite understand how NXT works: when u can issue any electronic asset u like to create thru the NXT Asset Exchange, why bother setting up a clone ?
When AE goes live, I'll be able to create and distribute EvilCoin inside an afternoon........with a long coffee + cigarette break.

TLDR: Get into NXT, forget the clones, most of them are already dead.

The new NXT forum:
https://nxtforum.org/
Intro site:
http://www.nxtcrypto.org/

  

Better than giving 71% to 11 people yes. However that is still not a very good way of distributing things.

That way just says.... getting lucky on bitcoin entitles you to get lucky on every other new alt opportunity.


NAS wasn't a scam they would never have given 20% to a single person if it was that instantly sends alarm bells off.

However you can't have coins where only 11 people are givien 71% that is just crazy.

Nxt yeah you could say was a little more fair 71 people is greater than 11.... so really even though NAS gave some scraps out for free NXT is still not such a distorted distribution.

However 71 is still crazy small although i know a lot of nxt ipo holders did sell a lot off very cheaply to start with. Not like this NAS whales demanding 800x -1200x investment to share a few out.

Can nobody clone this kind of coin and do a reasonable distribution to more than a handful of people?

The buy in period can last months/years if the coins are held by escrow level members and it is all transparent.


I don't really want to get away from the distribution point of the topic... however i do want to know why more people are not cloning nxt since the source is there now for nas?

How come we have not seen 20 nxt clones per day like scrypt so far?

Is the source code really crippled in some way like they say, if so how are these other clones releasing on code that has intentional bugs?

So anyway nxt 71 people - nah not a great idea kind of put a lot of people off, Nas the bulk given to 11 people.....whoops worse than nxt.

Which of these nxt clones can get it correct?

How would you do it? I gave one option, which distributes to 500+ people and could be launched in just a day or three. It's not fair - nothing is - but it wouldn't be dominated by whales who could dump and destroy your wealth at any time they like.

Your idea seems as good if not better than any i have. We just can not sit there and watch the vast majority of a coins full minting be gobbled up by 11 people.

Let's just leave NAS if they are unwilling to share their super stakes.... they will see the folly of their ways if it dies because a new clone with reasonable distribution is released.

If the source is there why are there not other clones yet?  i hear there are deliberate traps in the nxt code, did nas fix them?

Bitcoin spin off has huge potential here. See my previous post on this thread.

it is a free market, if people are willing to pay for it, well then its worth something at that time.
I have a tiny tiny stake in nas.

Traps in the code have all been found, afaik, and the code has been completely open source for a while, but the NXT code is totally innovative stuff and finding good Java devs who are prepared to work on a get-rich-quick clone isn't all that easy. And NXT has grabbed all the good/available Java devs we can find.

NXT has a fairly serious dev team, (and a dedicated community) and even with them on board we are still not hitting targets for getting features out as quickly as we'd like.

And there is the elephant in the room: the combination of NXT Asset Exchange and the ability to issue colored coins over the NXT blockchain will make cloning NXT in the old-fashioned way completely pointless.

Why go to the trouble of setting up a clone,when u can just do the same thing from within the NXT system?

why would a much more fairly distributed clone be a get rich quick scheme?

BTW i am not anti next it at least provided innovation this latest NAS clone giving 71% to 11 persons is far more crazy.

Even so let's not take this thread off of topic.... i am really amazed that they are trying to get away with this kind of initial distribution after all of the fuss kicked up about nxt?

They clone it and make the distribution worse? this is the real crazy part.  I will change the title since it seems i am questioning the nxt code.

If manual distribution could possibly work long term, Satoshi's whitepaper would have looked a lot different.

Yes but POW looks to be getting less popular due to high energy consumption.... although for now POW with a fair launch still looks to be one of the best ways.

NAS is total bullshit, I cant imagine who is buying it.
It really is a trerrible deal, even if you find some people stupid enough, that coin absolutly has no future.

Pretty much Graviton is a scammer. He's made his money from NXT and now trying a new scam (NAS). I love how he pretends to warn people that NAS could be manipulated (as if he is covering his arse because he knows what is going on).

i just cant believe People are buying NAS, i am a supporter of NXT but this NAS is a huge scam, if you want something fair better join NHZ.

Though NAS will have some speculation value at beginning ,but this copy and paste coin will be discarded by people in the end.

I agree it's pretty irksome, but pretty much a lot of things favor "early adopters."

That said, the distribution model was quite messed up. But anything that is pushed and released through this forum will encounter the same type of flaws. If you really want a more fair distribution, it has to be pushed through a different type of medium in conjunction with this site.

Regarding NAS, can we even be sure that these 10 people are unique?

Hey guys, just a heads up.

NXT will launch a monetary system on its network. I suggested that we introduce a NXTBitcoin. We will take a cetrain block snapshot and then distribute the NXTBitcoin with the same distribution as BTC.

This will be awesome!

https://nxtforum.org/general-discussion/nxt-needs-a-main-currency-what-would-you-consider-ideal/msg8509/#msg8509

jl777 said this would be no problem to do!

Personally I though the concept of an initial mining period followed by 100% POS was a good idea (Mint tried this but their value leaves something to be desired at the moment.) They did like a 5-week mining period which I think is too short. But mint also has too many coins IMO, 70bil is really pushing it.

What about 6 months of mining then 100% POS? And maybe like, 50-100mill coins max?

This coin already exists: Peercoin http://www.peercoin.net/

Its called hybrid POW/POS. But peercoin has still flaws with selfish POS mining (Hint: you can forge on every fork, to maximise EV)

I'm not against full pos given out to people, however just need to give it out to more than 11 people. Can't be that hard to get some method of distribution that does way better than that.

The current giveaway nas is running to give out some tiny scraps to the entire board does not look too bad.

Perhaps if they had done that from the start with 90% of the minting and kept 10% for ipo could have had a chance of surviving. Now it will just die as soon as a clone pops up that does a better job of distributing the coins.

The top people only hold 38,55% now. It gets much better every day. But I agree that a new clone that has a competitive distribution would likely overtake NAS very fast.

Also I talked to the stakeholders and most (of the 10 I am in contact) said that they will donate more to the giveaway once it runs out. So we can likely reach 5000-10000 people and they will also distribute through exchanges, even though I know that you think that this is a bad way of distributing. I can't change that.

I don't think you understood my idea, everyone with an LTC address gets the same amount of coins. It has nothing to do with how much they hold. The way to cheat is someone who has generated hundreds of addresses ahead of time, for some reason or another. The guy with no LTC and a wallet also gets some. LTC doesn't have to be used. It can be any coin. Maybe doge would be a better choice. I'm just thinking of the best distribution model where no one has to pay anything for the coins. The bad part of this method is if you never downloaded the wallet of the clone blockchain then your out of luck.

Yes, I totally agree with your take on NAS its fucked.

Right here: https://bitcointalk.org/index.php?topic=563972.0

I may even do this myself (yes I can code Java), but I'm just busy with a lot of different things right now.

that is not a good way.... it serves to enrich the already rich only and cuts out noobs to crypto entirely.

Just because people are BTC wealthy does not entitle them to gain unfair advantage in new alt coin opportunities.

We need to find a much fairer way than that.

I bet if you come up with a fair way, that doesn't intrude peoples privacy, you could make an awesome coin! Noone has been able to find a good approach!

Fair doesn't exist. Fair means you get what you want, someone else doesn't, so to him its unfair.

The method I proposed provides a the widest practical method of distribution in the universe of crypto coins.

No not really. Fair means as many people as possible have equal chance at getting coins.

I don't consider those BTC whales just getting a whale share of all new alts fair. Any anyone who is not a BTC whale would probably see it the same way. Even the btc whales would know it was not really fair.

Everyone had an equal chance to get BTC.

But wait, you say, what about all the people that didn't know about it back in 2010?

Well, I say what about the people who show up in 2020 and didn't know about your amazing new alt in 2014?  

This never ends.

Ultimately the market will decide. I think treating new cryptos as spin offs from btc (which is most certainly what they are, objectively speaking) is likely to become a dominant distribution model, and like every single conceivable distribution model there will always be people who say it isn't fair. That can't be a disqualifier or there would be no distribution.

 ;)

LOL don't bring common sense and logic into this you will offend the shady masked cloners and their farmed lemmings hahhaa

NEM coin

You can't tell from DGEX.com that he has made a killing, I don't think he was an original investor or DGEX would look like Coinbase.

It's not a ponzi, it called greater fool.

Yeah but i won't be telling the 2020 people they don't get any of the 2020 alts because they were not around in 2014. That's the big difference.  I will tell them they are going to get the same opportunity the 2014 miners/investors got.

I'm not saying you  have to give the 2014 people your BTC, i am saying they deserve equal opportunity to aquire 2014 alts that are relaased and that they are aware of.


Just because you are lucky enough to be an early adopter in BTC does not entitle you to be an early adopter in all future opportunities. That is a crazy notion.

Alts are seperate new opportunities to BTC.  

The only people that will ever want this kind of sidechain distribution will have a major stake in BTC.

I  would like to explain why that bad distribution happened ,it wasnt because of greedy devs ,it was because bitcointalk locked the ipo thread . As i understand they thought its a scam .So the devs just trasfered nas coins to investors who already tranfered some money and to people who registered for free 100000 nas coins .Bad distribution wasnt devs guilt at all ,bitcointalk is responsible for bad distribution because of  their actions .

Yes this maybe. But now the distribution is pretty bad and we need to do something about that. We need to giveaway more coins. But all the guys I wrote to either ignore me or already sent what they wanted to send.

to cryptohunter: if you dont know all the information dont make thread about it , find out facts first,and if you feel that you missed on something ,make a thread how bitcointalk robed you of investment opportunity

But thats indeed an interesting question. What happens to NHZ and NAS and blablabla when NXT in inventing a great feature? In my opinion they are no clones anymore, they are just old versions which no future, if there aren´t programmers which can make the same step happen.

If you don't drastically change the sourcecode, you can just merge the new features into the clones. This will be done all the time with NAS for example.

And which features are there in NAS which are not included in NXT?

Wait, where did I say that all coins should use this method?

I don't believe that at all. I view it as an alternative for getting a coin into a wide number of hands in a stable way. That's very useful for bootstrapping, especially for pure proof-of-stake coins which don't really have any proven methods of doing this.

If you want to create e new coin and use a different method go right ahead  (now or in 2020).

But I don't view it as "unfair" to launch a coin using this method either. New coin creators can do whatever the hell they want.

BTW, I assure you I am not Satoshi Nakamoto. I have a few BTC but if and when I launch a coin this way, it will be for the above reasons, not because I have a "huge" stake in BTC and want to grab most of the new coins.

None at this moment. Never claimed that either (or did I?!?). I was just stating a fact. NAS has some differences though. The main client is per default wesleyhs client with alternative addresses enabled. Soon there will be a new windows .exe client with chat and decentralised dice game released.

Yes i agree, i don't think the dev of NAS took the coins.

What i think is that the ipo was crazy large stake of the coins. He did not take them since he would be pretty insane to make it look this bad. Nobody wanting to get away with it would give 20% to one person and 71% to 11 people. He would have send himself 100's of little btc stakes to make the ipo look more reasonable.

If i were the NAS dev i would scrap it, give the ipo people back their 2BTC or whatever and start again with a sensible distribution.

Unless they give away 4 billion + of it it will never live down it's initial 71% to 11 people start. Hell nxt has never lived down its distribution to 71 people even though they have done a lot of work and not pressed copy and paste.

Nas will be floored to zero once a real clone of nxt shows up with some decent initial distribution method.

The ONLY reason to clone nxt would be to distribute the coins better at the start. Otherwise just stick with nxt i guess.

I would not touch a coin with 71% given to only 11 people, it will always be crashed down by that fact... people will either go with nxt itself or wait for a way more fair nxt clone.

I say again i do not think the NAS dev took the coins and i do not think it is a scam. I do think it is the worst coin in terms of initial distribution i have every seen and therefore it will never succeed. Hell other coins with nothing like as bad distribution have been crashed down by constant bickering and complaining about the start of them.

NAS ipo people give up at least half of your stash for the giveaway so people get 10x the rewards they are getting now or watch the coin fail.  200M is nothing it is 10% of what just one single person has.

 Should the entire board help a coin succeed so that one person gets 10x the rewards of everyone else combined?? get serious.

That was the initial distribution, this person sold most of his stash. I bought many of his coins and resold them, then he sold about 300M to anohtether person. Also he deposited about 400 M to dgex.  He now owns 370 M


Why does the board help anyone do anything? The people can decide for themselve if they would like to participate in a currency. I don't see anyone get pressured into using NAS, do you?

YOu talk like other coins have better distributions. I bet 90% of coins have the top 1% holding over 60% of all coins.

ALL other coins did have better distributions. The fact that coins can be spread out to new wallets by anyone after this point shows nothing. I can spread out 2 billion nas to 50 wallets with ease.

Please don't attempt to negate the intial distribution question here. Initial distribution is KEY.

It is the initial distribution we are discussing. We can't rely on hearsay of what happened afterwards.  

The facts are the facts

71% of all coins were given to 11 people.  This is nothing other than the worst initial distribution idea yet on the board.

It would be nice to see a nxt clone where more than a handful of people are given a good amount of the coins. Simple as that.

Let's not let this one slide, else you will get more of the same.  Next coin 100% of coins to 2 people. But wait that is okay because we sold it to other people and spread it out to different wallets we own.

You have a huge chunk of NAS so i don't blame you for trying to salvage this distribution crisis, however salvage is not really possible.

Nxt can say all the same things and more ... but still i hear people saying the main reason they will not invest is because of the intial distribution to 71 people.

NAS was worse and just copied nxt code anyway..

This thread like all such threads turns from an OP showing the clear facts of the intial distribution model that was the worst ever seen on the board.. into a thread of justifications and excuses as to why it happened and how it will all be better soon once they dump their stashes.

That is not the point, the point is only that it did happen and that it should not happen again because the next coin that tries it will suffer the same scrutiny and bad press that will hold the coin back forever.

There will be a better distributed nxt clone out any moment now if we make sure not to let this type of concentrated distribution happen again in the future.

Nas is done, i see no way it can ever recover from this now.

The point of this thread is to highlight this issue and make sure new clones don't make the same mistake. If they do, we shall simply highlight the facts then once again. Until eventually the devs start to realise it is not worth making a coin that will forever be reminded of its very unfair origins. They can achieve much more by making it as widely and fairly distributed as possible. Sure give the ipo or early birds a huge advantage if you like but don't give one person 20% of the coins, and 10 others another 61% of the entire minting...that's just silly.

Noted, so any discussion is pointless then anyway as you have made up your mind even though you were at no point involved. Must be nice to have so much time for things that don't really affect you :)

Also, for the statement that NAS is done. I'd bet against that (by holding my coins) and even though only future can tell, I think this coin has a long and successful way ahead. We might not be a NXT, but we will damn sure be the most successful direct clone of NXT for a long time!!

1. i don't need to be involved to state that 71% of the minting was given to just 11 people.

The facts don't change regardless of involvement.

2. Most people that hold a HUGE share of a coin want to believe it will be successful. That does not essential make it so.

Nas will not escape the facts, neither shall any other coins that feel the best way to distribute their minting is by giving 71% to 11 people.

My mind is made up that is was the worst distribution i have seen yet on this board. Based purely upon the facts that it was the worst distributed coin i have seen yet. Nothing more nothing less.

Really unless you can go back in time and change the facts, they will remain the facts and should be brought up in any discussion of NAS in the future. Just like happens with other coins with undesirable initial distributions.

Let's leave it at that. 71% was given to 11 people, there is nothing that can change that fact. The rest is merely justification and excuses.

Let's hope the next nxt clones give a better try and distributing the coins.

Did you know there is another clone of NXT out there. And it is even older than NAS?

Ever wondered why you didn't hear anything about that? (or not much?)

which clone do you mean? i'm not sure if i heard of it or not?

This proves one of my points. Yeah the distribution is bad, but it also incentivices the marketing/promoting of coins. Also the buzz around the coin because of all the people that opens threads like this help too. As I said, I still beleive this coin will have a good future, not NXT-good, but good.

Coin is called NHZ and its distribution is "fair", meh, dunno if you could even call it fair, it is more like non existent^^

Well let's not jump ahead here, IF (i say if because i've not really checked it out in detail) NHZ is as bad as NAS then that does not excuse NAS. Rather it just make NHZ a bad distribution model also. I'm not saying it is, people should seek to look into NHZ themselves.

Well i'm glad i'm helping with this thread. If people choose to invest in a coin that gives 71% to 11 people then they will do so. Although makes you wonder why most shout out about a dev premining 2%....next time he should just  premine 2% and give 69% to 10 other friends..... leave the remaining scraps to be shared by everyone else. When the board complains just call upon any NAS investors to tell everyone what a good idea it is.



NAS initial distribution was terrible, it will be the largest problem to overcome i have seen on this board.

The thing with this type of situation is this....



step 1 - give a select few people most of the coins by accident or intentional ( in nas case i think rookie error)


but now you have a problem.

a - people don't like it when they hear just a few people got all of the coins
b - nobody is interested in making the coin work because they don't have any...


step 2 -  give a small amount of coins to LOTS of people and pray they think the few coins they have solves issue a and b above.

step 3 - use these LOTS of people with their small amounts to drive interest/marketing of your coin and push it forward to enrich the few people who got most of the coins at the start.



that is the plan here.  For me i don't like the plan it does not solve a nor b.

For others they may feel their crumbs are enough to solve a and b. That is there choice. I am just trying to illustrate that they are crumbs and that we should be pushing for this kind of model.

a better model.....

step 1 - we give a LOT of the coins to LOTS of people.
step 2 - we all contribute to the coin and push if forward to success.
step 3 - we all get rewarded equally for the work of the larger group.



this is the nxt clone i await. You got lucky someone paid you off with cheap/free NAS to try and boost the coin. I get this , that is fine. You have been open and honest about that. There is no scam. However it is what it is.

Don't try to push against the facts nor spin it that giving 71% to 11 people is a good model for success or fairness.

I know you think that I try to talk down the problem of the inital distribution. But I am not, I'm just trying to get people to see whats past that, but enough about that.


The next NXT clone that will be fairer distributed will be NXTL, even though it will be rewritten in node.js. I am not yet sure if that is successful because it will be very hard to implement new features that NXT will bring. So even though I got a stake in that, I'm not sure it will be a success.

If someone makes a new NXT clone with all traps removed and atleast of the quality of NAS, then maybe I even switch and promote that coin. We'll see! I am a passionate person, and when I get behind something, I don't give up fast :)

Good night cryptohunter!

The fact is, the initial distribution doesn't matter to the success of the (or any) coin. After that, anyone buying  (or trading something else for) the coin has to want it, and anyone selling (or trading for something else) the coin has to not want it. Nothing else matters.

If people are trading the coin (I don't really follow it, so I don't know), then this effect is already in play, and the initial distribution won't matter. People will whine over it certainly, but that won't stop people from wanting it or not wanting it and trading among themselves.

That's one reason I support the bitcoin spin-off model. It is an extremely wide and deep distribution model that doesn't even require immediate action by most of the people receiving it. It has nothing to do with fairness, just an efficient and low cost way to get the coin out there that can't be gamed.

 

People will want it or not want it true but i  think they factor into this decision the initial distribution? People are starting to consider these things now.  Have you not noticed how this is brought up time and time again on coins with terrible initial distribution? how many coins suffer this bane every time they get mentioned on the board. First thing people start shouting is instamined crap, premined crap..... this 71% to 11 people makes those look great. Mention ripple, nxt, any coins like this first thing you hear is the whining as you put it regarding the initial distribution. This puts lot of investors off and causes a lot of issues for the coin.



The bitcoin spin off model is not good, it is better than giving it to 11 people only of course but it is still a nasty model of distributing new alt coins. I have already explained why before on this thread.

It can't be gamed?? because it is already gamed towards btc whales. If you had zero BTC you would not want to see this model would you? of course not. you would only support it because you have some BTC? that is it no other reason.

Having lots of BTC does not entitle you to automatically have lots of a new alt coin. The very idea of it is crazy.

It has nothing to do with fairness.... that is correct of course.

If you are talking about the success of the coin..... i suppose if you could develop something so amazing and it was closed source you could get away with premining 99% of it and sharing 1% out to the board whilst you keep the rest to sell. Yes that may work if the coin was mind blowing and nobody could ever create anything like it and people just had to have some.

However since it is all open source i see no reason for people standing for that happening since there is no need.

71% to 11 people is crazy. We can distribute better than this. Let's make sure we improve upon that next time.

Go ahead launch a side chain based alt. I await the responses here in the alt section.

When is one of these getting released? This will not be popular with most of the alt community i'm sure.

Side chains are something different, these are spin-offs.

A spin-off is already planned as an alternative to the Ethereum IPO, although that seems to still be some time away.

There will be more.

 I agree with you. But i dont have nas ...

how is this one not dead yet?

only idiots buy pure PoS coins anyway

anyone buying P&D PoS coins is just waiting to be the bagholder

Maybe because this coin shows more innovation than 99% of the coins out there? They introduced a decentralized block-dice and will be releasing a multi-gateway (trust(-less) multisignature gateway) to deposit BTC ect INTO the blockchain.

+1

NAS is a NOGO area