Bitcoin Forum

Lets remember history for a moment.

NXT was all mined, approximately 1,000,000,000 tokens, instantly.

They were then given to forum members deemed most influential or a friend of the developers, 50 people got ALL THE COINS instantly.

There is very little in liquidity, creating a false illusion of wealth, try to sell 500,000 NXT on cryptsy and see what happens to that price!  On the other hand you could sell that much of Litecoin and the market for Litecoin would NOT hiccup!


NXT should be rightfully called out as the biggest insta-mine scam in the history of alt-coins.  It is written in JAVA.  It was kept CLOSED SOURCE to hide major flaws and security issues.

They keep promising features that then do not appear and claim features that do not really work.  Have you tried to use their asset exchange?  Not really functioning.

Should be renamed SHT or SCM.  :)

--edit--

NXT says scamming is okay -


Thank you for admitting that NXT is a scam - see this is the mentality of NXT and people behind it.

People who made NXT believe and support scamming.

Fairness is what separates men from animals and the 1st world from the 3rd world.

Fairness and empathy are what make us human.

NXT is inhumane, as proven by the poster above by his support and admission that NXT is a scam, even defending NXT's right to scam you.

What a superfluous and stupid topic... congratulations.


I seriously facepalmed after reading this nonsense ;D  Thank you for your competent opinion!


why not come up at a booth and express your opinions over there!

http://s18.postimg.org/u8eppuzx5/image.jpg

I was here but had no chance to get any through a fair means like mining.

I had to pay the devs an instant 50x BTC profit to get any - thats right all was SOLD for instant 50x profit...

It is the most illiquid coin on the top 10 - DOGE floats as a serious currency better than NXT.

FAKE Auroracoin Market-cap = nothing.

Liquidity (not faked) everything.

How do you feel about crony-corrupt-capitalism?

NXT = crony-corrupt-crypto.

Ask, yourself one question?

Did I get 1/50 of 1,000,000,000 insta-mined NXT for free?

If not, then perhaps you should think twice about giving these "special 50" your money.

Ask NXT where is my free NXT?  Ask why you can't mine any today?

or just ignore that coin and look any genuine one ;)

Why does DOGE have more liquidity than NXT?

I contend when DOGE moves to PoS it will quickly overtake NXT SCAM.

DOGE > NXT.

Period.

DOGE has let ANYONE get some FREE by mining.

If they then move to PoS, it will have been an immensely more fair launch than NXT.

DOGE will remain ahead of NXT by the end of the year in volume, willing to bet anyone 1,000,000 DOGE in escrow.

hurr-durr you printed a sign.  If that is all NXT has is a sign, it proves someone spent $5.

DOGE printed a NASCAR.

This is what smart people will do.   Get some DOGE, DRK, VTC, LTC, BTC.

Something not part of the greatest scam in human history.

Your logic and posts are so stupid that no one is spending time to discuss with you, only yourself lol

yeah I'm afraid I reignited this one. Peacefulmind showed up in my thread and I've seen to lit a fire under his/her ass. sorry about that.

I already corrected you, its an IPO, not a premine. Yes, a horribad IPO that abruptly ended 6 weeks before it was supposed to, but nonetheless, and IPO. get your facts straight before vomiting onto the internet.

Since I have to spell it out for you, here is the difference:

Premines are coins that the developers keep.

IPOs are essentially auctions open to the public.

and karma ? : P

Of course it will. Why invest on NXT when the Peercoin already exists and it's original

liquidity is a problem for many coins. Can't be fooled by so called "market cap" alone. AFAIK,  LTC & Doge are the most liquid altcoins, least risk in a risky world.

Maybe if you guys start 100 more threads like this, the price will go down.  ;D

Good idea. I need more cheap NXTs.

I do like some of the ideas and development behind NXT. Unfortunately, I tend to think the 100% premine/IPO model is very problematic for distribution.

Fairness is one of the most important factors, if not THE most important factor, for the viability of any crypto coin.

Unfortunately, NXT got it wrong.

fairness is a fake concept which has no place in capitalism

if u dont know this then u are delusional.  there is no fair cryptocurrency, this is hyprocite talk

look at bitcon its the worst obviously. fairness is such a joke anyway. there is no such thing as fairness in this world

Everybody knows it was insta-mined but the market cap of NXT at the moment doesn't seem to care. If people really cared about distribution, they would've ignored NXT leaving it with a very low market with other pre-mined altcoins. The features of NXT vs Bitcoin or other altcoins may have overcome the distribution issue.

99% people here could give a crap about fairness, they are all about get rich quick.  1% is here for the betterment of Crypto/Society.  Unless you issue coins to every human on Earth, every Crypto is unfair.  BTC Clones are claiming their distribution is fair by holding an IPO and collecting hundreds of BTC and saying they "distributed" when in fact they "profited"

Thank you for admitting that NXT is a scam - see this is the mentality of NXT and people behind it.

People who made NXT believe and support scamming.

Fairness is what separates men from animals and the 1st world from the 3rd world.

Fairness and empathy are what make us human.

NXT is inhumane, as proven by the poster above by his support and admission that NXT is a scam, even defending NXT's right to scam you.

Do you really think humans are fair  ???
I wanto to live in that world too!!! Where can I buy tickets??

If you don't like nxt, don't use it, but for bussiness and big companys, nxt suites their needs much more than bitcoin, and for newcomers, the distribution don't mind, for the same price, they will get a much bigger stake in nxt than in bitcoin.

Yawn, done with this thread, it's obvious this guy's parents are related.

buy a nem stake, you have a second chance...

This is why you should buy a NEM stake on the NXT AE if you don't already have one.  Distribution is such an unrecognized strength in a currency.  NEM may have taken a PR hit lately, but the distribtion of 1k+ veteran members from BTT is still there and the dev team is as strong as ever.

NEM is unmatched. Its the best by far.

Maybe Nxt touched him as a child.

Since Come-from-Beyond boycotts Bitcointalk for censoring his posts in important discussions, enjoy....



I've not seen a thead this contrived and vehement in a while  :D

Anyone interested in the truth can read it blow by blow in the original announcement thread here >>> https://bitcointalk.org/index.php?topic=303898.0

Then come back and we can play spot the difference with the OP  :D :D :D

U better notbe joking. frictionlesscoin is one of best programmes of the entire USA.

He certainly is entertaining to watch   :D :D :D

A lie. It was open IPO  that lasted two months and everyone was free to join.


Another lie. Nxt wasn't mined at all as it doesn't need mining to secure the network like bitcoin. So there was "zero" premined. It uses PoS to secure the network which doesn't need mining at all.

NxT IPO scam

If i was the op id seriously considor re writing the whole thing. like dude what planet are you on?  Every thing stated on the first page is incorrect. i mean there was 73 people not 50 lmao. Fallen at the first hurdle. At least put some effort in and read up on the project you want to try and smear.
Nice try anyways.
Lets here it from somebody whos been in nxt for the beginning.
I stumbled across an ipo ann for a new innovative project called nxt. The op was asking donations for nxt stakes. now at the time this was quite rare and not the normal ann on bitcointalk. it looked risky. But i was that fed up with copy clone pow coins of btc and ltc i was ready to give up and seek other routes to freedom from from the banking system. so i gambled all or nothing into this risky looking project called nxt. a few weeks past as i nervously watched people discussing what this project could offer to the crypto world. Then one day the op decided he had enough btc in investments to proceed with the project and that magic number was 21btc and 73 investors.
I waited a bit longer until one day i see nxt has been launched. i hurried to claim my stake of nxt so i didnt lose them or get forgotton about.
I recieved my stake from the op and all was good. but i sat there looking at my balance thinking what can i do with these. What can i do with any crypto coin. And you know each day since then ive watched and seen the community of nxters who believe that nxt can and is changing the crypto scene. from some lousy bitcoin wanna be pow clones to nxt the serious financial platform it is today. only this week have we been in circles of massive payment processing companys thanks to the community of nxt.
mxt currently has value because of our growing strong motivated and very talented community. and little trolls with there very own troll thread aint gonna stop this.
So folks there you have it nxt isnt a scam and nobody was scammed. It was public and people stepped upto to the mark for the better.
Forget these trolls and this type of behaviour and come and joins us over at www.nxtforum.org  ;D

What is the Doge's technical interest (except the 5% annual interest, ah ah) ?
Dogecoin is a coin with an ugly logo and nothing else.

NXT insta-mine scam.

Never has crypto seen such an insta-mine in all history..

100% mined instantly, and handed out to favorites.

NXT is basically Ripple but closed sourced for so long to obfuscate the code issues.

DOGE has more volume and usefulness than NXT which is a 100% insta-mine scam.

At least DOGE gave EVERYONE a YEAR to mine FREE.

Just checking....yup, still not very clever here either.

Does KPMG, one of the top four global audit and accountancy firms, think Nxt is a scam?

I think doge shot itself in the foot by not hard capping/over printing at this stage....and the leader was a bit of a dick to Coblee

NXT has great attributes but screwed distribution.

LTC has a dwindling use case.

BTC nears 51%....wogatami and friends are funding a solution to this.

NEM's head shot its head off

Emunie is takeing quite some time to dev......those that did not understand self ejected

DRK is perhaps the most dubious being closed source and not really....also useless the use case for a DRK that actually works when BTC becomes 100% anon or the choice is there

Ripple shot itself in the XRP, by the ex CEO or something.

PeerCoin.....actually no drama, but will be better when cold locked minting.

On the plus side, the shear amount of energy in the crypto space, is makeing this all evolve so fast its hard to think of any development in any other field that comes close. At this rate both on the chip manufacturing side and software dev, its hard to see anything stopping the whole concept. In fact mining may be what keeps driving moores law longer than expected as a side effect....

+1 Exactly.  Thank you for saying it so I didn't have to.  Distribution doesn't matter one bit, and is practically the only tool in the hater's arsenal.  And you totally hit the nail on the head with the miners.  I saw the writing on the wall months ago, and could see the steady flow of hate/jealousy/fear starting to ramp up.  I suspect the hate/fear of NXT will continue and grow stronger until it passes bitcoin in marketcap.

calm down man, IPO is not POW.  It is a different system.  

In one you spend money to buy coins directly that may or may not ever come.  

In another you take a very indirect and long way about doing it by first buying a miner and then buying electricity to get coins.  If a person has the miner and electricity, the coins are 100% guaranteed to come.  

If the coins come in an IPO system whether it is POS or not, then it wasn't a scam.  If they don't come, than the IPO was a scam.  

If the IPO developer lied and misrepresented the product, then it was a scam.

With NXT the coins came.  With NXT the product wasn't over hyped, in fact if anything it was under-hyped.  It definitely was not a scam.  

Just because you can't understand the difference between POS and POW, doesn't mean POS is bad.  To me, it just means you are stupid, scammer, confused, or another undesirable characteristic.  

LOL. I love this entire post even though I don't agree with all of it. I feel smarter after reading it.

Extra fast development comes when you have a never-ending supply of new money chomping at the bit for it, no pun intended. Just like the A-Bomb, the moon landing, the human genome project or whatever we are currently racing to be the first at developing.

Because cryptocurrency directly links the worlds of computer and finance maybe Moore's law will be held up indefinitely, or even exceeded. Its hard to imagine a financial world where even just a few less milliseconds in processing time weren't considered an advantage in computerized trading.

I've researched them both.  Looked into most all of the other alt coins and NXT just makes sense.  Congrats on the first 73 who were smart enough to invest in it.  They will be rich.  They deserve to be rich.  As it is, I am happy to buy NXT off them for a mere $.07 per coin.  Forging blocks is easy.  I've got about 10,000 NXT and should forge a block about every ten days.  Simple math can figure this out.  Even more, most of the original stakeholders aren't even forging which means I'll get a block even more often, but NEVER less than one block every ten days.  Try that in bitcoin.  I couldn't afford the equipment to even come close to that.  NXT is simpler, greener, fairer.  It is truly 2nd generation crypto.

Although NXT's price up 200%, the volume has been so small. Why? Dozens of guys own NXT and people just don't buy NXT.

NXT == NOT.

No actual application development, are scams

It has been more than 1 million dollars and is consistent 200K dollars

People are buying NXT for sure and only will be in the future even more

go on being mad  :D

I couldn't agree more with these summaries, except for NEM, I own a stake and I thought it was on track to being a well structured platform.

From what I've read, you might be interested in Skycoin. I've been following its development for about 7 months. It has a somewhat debatable IPO planned but in my opinion it will bring as much if not more innovation than all of these coins.

haha this thread. People who will do their own research will find out:

1) Nxt's IPO was open to investors. But the demand was low, because the Coin was not known => Low number of investors.
2) The whole concept of Nxt is that there is no mining and that all coins are distributed, this is not good or bad, its just a different way to to things.
3) After downloading the wallet, people will see what Nxt has to offer.


Anyway, OP thanks. More people will check out Nxt and will find out that you have no clue ;)

It's more than that. Some guy opened a thread and said he is releasing a coin with totaly new code. Send him money, to get some of the new coint.
Scam accusations were flying, or the whole thing was simply ignored. Because who ever heart of a stupid thing like this? Who would believe it?

Then came Nxt, and made a shitload of profit for those who believed. Since then IPOs, and coins with new code suddently become commonplace, and popular, because everyone wants to get lucky.

But everyone have to remember, Nxt initial distribution is as it is, because it was new, extremely high risk, and most people ignored it. For two months. And now they really need to shut up about it, and look forward.

ROFL the Quote of mine was never about Nxt xD

U are such a joke, are u frictionlesscoin's dog? xD

What garbage you post.

For a start, regarding liquidity, the bulk of liquidity in the NXT market does not occur on exchanges. Traders have been buying huge volumes off exchange, then they in turn trade that off exchange and so on. Only the small trades occur on exchanges which is why it looks like a low liquidity market but in fact isn't. Remember that because NXT was so different from classic cryptos, it took the exchanges a while to get hooked up to its block chain. In the meantime a large off-exchange market developed where the really big numbers were / are traded - not least the original distributions.

Secondly, you seem to make up your own definitions of "scam" which basically amounts to "people making too much money" in your book. If that's the case just stay out of the market. I don't consider it a scam because I've doubled my money since I bought and also recouped my investment at the same time. Many people who invested did the same. So I ask you again - who exactly is being scammed here ? It's a scam if you pay money for something of no market value. But if you pay money for something which DOES have a market value that's sustained and increasing then it's not a scam. Simple as that. So it would appear that neither the primary (on exchange) nor secondary (off exchange large volume) markets agree with you.

Thirdly, regarding  the points about mining, you're basically mixing two completely different approaches to distribution and getting your knickers in a twist. There's nothing more or less ethical about either - you just pays your money and takes your choice. Again, the markets ultimately decide what valuation to put on each and if you want to argue with that then feel free - but that's what investing is generally about: "Market Value"  ;)

i don't like nxt

It will die eventually but it will take some time before all the gullible noobs have been scammed out of their bitcoins

It's a catastrophe. NXT has created a false illusion of non existent liquidity. Even the coins are are being mined aren't really well distributed, a fully premined coin is much worse. 

Source? How is this possible in an open market with a transparent blockchain?

Why not?

There's still NEM which has over 1000 veteran accounts, as well as taint analysis - probably 2500+ real people in it.  You can still get a stake at around $1500 whereas $1500 won't buy squat in NxT.

What people forget about NxT is that it was an obscure IPO and there was no taint analysis to weed out socks.  Maybe only 73 wallets invested but only 20 wallets invested the full amount (1.5 BTC) and those 20 wallets was probably 5 people with sockpuppets (so there are NxT whales with $8+ million as we speak.  They only get wealthier when NxT goes up in value).

If NxT hit $5 billion then there would be new billionaires on this planet, true story.  Easiest billions ever made in human history.

The maximum was 1 BTC and was intended to limit the number of sock puppets, not eliminate then. $1500 will get around 20,000 Nxt.

Why does it matter, do you believe there are only 73 people using Nxt now?

20,000 NxT vs 50 to 300 million owned by a NxT whale.

NxT community is large but it's smaller today than it was back in January, NxT has been dying a slow death since January.  Nobody wants to buy a scam whale coin.

Check out nxtforum.org to see how Nxt has been dying these past few months: Asset Exchange, testing decentralised crypto to crytpo trading (Multisig), Turing complete Automated Transaction in final testing (before Ethereum has even got on the starting grid), physical wallets, account control to stop thefts (you can lock your account), Monetary system to allow a POW or POS coin to be built on top of Nxt... I can go on but take a look yourself.

If you believe that these projects will give Nxt value over the long term, why concern yourself with anything else?

Even more, why the hell would've anyone use sockpuppets in Nxt IPO? IPOs got popular and "hope to get rich" investments, in the wake of Nxt success. None could've predicted this will be an even remotely good investment, who wants to play restrictions when buying a lottery ticket?

An other thing, that I wanted to point out for a while. Nxt wasn't really an IPO, at least not in intent. BCNext simply needed to give away all coins at once, and this was what looked like an easy distribution method.
Read the original thread, it's very clear.
Of course it was a flawed idea, this is why most IPOs after Nxt tried different variations of distribution.

How can you fairly distribute it?
NXT volume is the past 24 hours is only $ 167,700.

Answer the first question first and we can go onto another after: liquidity now and distribution after.

How is this possible to create false liquidity in an open market with a transparent blockchain? The blockchain would show that the it was just a couple of guys passing Nxt between themselves to pump the liquidity. Where is your source for this?

You mean a couple of addresses holding a lot of coins? Anything is possible.

Not only holding the coins but using them to create the false liquidity you claim. And you'd be able to prove this is happening using the blockchain. Have you done this? Please present your findings.

The todays NXT haters are the investors of tomorrow. No one can escape  8)

NXT is a company and it should try to be listed in Nasdeq.

so bitcoin is not problematic ?
only early adopters and big pockets get loads of bitcoins ?

Try picking an argument you can win because I think you've lost this one - comprehensively.

You people have been spouting this crap for 6 months while these there things....

 - commercial activity
 - market cap
 - distribution

...continue to improve.

So you're not doing to well for the 'cause'.

You are shame to our Nem. Nxt is our father!

Even if I were to use (waste) my time trying to prove this, what would I accomplish? Most members here don't even listen to reason, just look at the altcoin section.

Stop posting nonsense, asshole. The blockchain is still available on blockchain.info. Why don't you go and do the taint analysis and post it here to prove your claims?

IPO was open to anyone on this forum. It stayed opened for 2 fucking months.  It was not ""hidden" topic. Anyone was free to join.

It's far more fairer than "Nem"  where developer not only collected more BTC and Nxt, but still want 25% (10% with V1 and 15% in future) plus all the unclaimed coins (could be as much 25% more making it over 50%)

They also plan to "auction" 200 stakes collecting even more BTC (400+ BTC)

talk about greed

Nxt had 0% developer's stake reserved.

We are a company? May I have missed the news?

You would prove that you were right, what you said was true and that you weren't just ignorantly spreading FUD. Your call.

I just want to bump this again.  Great post.  I give you a nod.  All are painful truths people here don't want to read about or admit. I guess we really are all dysfunctional.

Good to have you on board. ;)

Yup, nothing beats a bit of 48 point.....thread closed, methinks.

NXT is not a scam.....get over it.

peacefulmind :D

Wow, I haven't seen this many haters come out of the woodwork since Darkcoin passed 2 mil satoshis.

Please explain to me, how are my 300%+ gains on NXT a "catastrophe"?

Also, if NXT is a catastrophe, then what do you call Shibecoin, BlueCoin and 100 other scam-purposed coins? In terms of price action, XC, Monero and VertCoin are far greater catastrophes. Its not really a matter of opinion.

yep, scamcoin = NXT.

made to make the .001% devs and friends into multi-millionaires by treading you and your family's back into the ground.

stealing your money and putting into their pocket.

Less volume than Cinni Coin which is $1.5 million capitalization.

NxT is 'fair distribution', but only fair to those who knew BCnext  ;)

Scream your fear that NXT scam is being exposed a little louder lol.

When NXT results to 60pt font screaming, you know you have hit on the truth with them.

They are trying to scream their black hearted truth away, from your ears...

Exactly.

The marketcap is a total lie and I wonder how big the bribe to coinmarketcap owners was??

 IPO was open to anyone and was publicly posted BTT forum

The difference is that Nxt didn't even developer's stake, unlike lNem with 25% reserved for developers plus Nem "founder" getting caught with using sock puppet to claim even more than that

For some reason TS doesn't get that NXT and NEM have a synergistic relationship right now. In order to buy NEM stakes you have to first buy NXT. NXT's success can legitimize NEM, but NEM doesn't have an impact on the legitimacy of NXT.

Do you think he is just trying to buy cheap NXT to buy more stake? It seems likely after that nutjob CFA's unabashed antics.

No, I think he is just jealous and wants Nem to be #3 :)

Irony, given Nem started with No Envy Movement slogan when it was planned just a simple Nxt clone 

It is not a scam, because it was never a secret it was initialy spread to 50 people.
It is another question that this is unfair distribution tough.

No one knows who BCnext is. He's keeping himself totally anonymous, so he probably didn't even tell people he knew in real life about Nxt. Those who gambled on BCnext being legit and being actually able deliver got rewarded. Unfortunately those who gambled on other anonymous devs (e.g. AsiaCoin,WhiteCoin,HonorCoin etc.) got burnt. Sometimes longshots come in. Investors/Gamblers take risks and get rewarded when they pay off.

Nothing is fair .Btc is not fair either.
Do you think so?

the only fair project on bitcointalk is New Economy Movement.
at least we have the best profit and that is all count.

How is spending money mining fairer than spending money buying? If anything you are being a less of a burden on the society by wasting less electricity.

Not that I am defending the NXT distribution.

I'm defending it. There's absolutely nothing wrong with it contrary to all the nonsense posted.

Firstly, it wasn't a "distribution" it was an auction. Fair and square, so stop judging it as one.

Secondly, it doesn't matter squat whether you receive 70, 700 or 7000 takers for said "auction" because any of those numbers are a tiny portion of the ultimate market. So all these ignorant hypocrites parading themselves as self-appointed ethics police are just being selective about what they define as "fair".

In commerce, there is an unambiguous definition of "fair". What's fair is what's agreed. So if you don't think it's fair, don't agree to invest.

Another thing that makes their "crusade" a bit ridiculous is the fact that they keep banging on about "billionaire" stakeholders when talking about purely hypothetical numbers. If you just take a price and multiply it by a holding then sure, you get a pretty high number, but the other side of the so called "bad distribution" coin is that that amount can never be realised. A much wider distribution HAS to take place before the original stakeholders can even realise a tiny part of their holdings - so it all evens itself out.

I'm not saying they don't ultimately stand to make a lot of money - they do. I'm saying that I don't have a problem with that and it doesn't create the kind of adverse investment conditions for others that the critics claim it does.

Well put

Nxt is good Nem is better

Nxt bad distribution Nem best distribution ever (best for multi-stakeholders)

Enrich. NEM.

And for that reason, NEM will never have a market cap close to NXT. The sooner you realize the rigged nature of crypto, the better. "Fair" in crypto is actually worse if you're looking at it from the investor's standpoint looking to make some quick money.

Only NXT can have a totally fake $70m cap with less than $100K average volume over the past few months.

I'm not saying doing buy this or that, I'm just saying for what it is. Make your own choices. ;)

Well they are just worse. Such coins are so bad that they aren't even worth mentioning!

The average has  been  over 100K past month, reaching a height of 2 million in 24 hours a couple of weeks ago.

Lets not forget Nxt have built in features that have potential to increase volume significantly, such as asset exchange and coming soon decentralized goods store where people can buy and sell stuff within decentralized blockchain. Say goodbye to centralized silkroad

Node was "fair "

HA HA

Its the #3 crypto

LOL

Yeah total fail ::)

Glad I'm not invested in NEM. With friends ("ambassadors ?"  ::) ) like Come-from-Above spouting garbage, who needs enemies:

As i bought most of my nxt at January I was infinitely scammed by initial stakeholders! 

The odd thing is even i was scammed i am sitting on a 100% profit right now!

I love this kind of scam!  :D

Now we now the public face of NXT just outright STOLE $250,000 in a trade he posted online.

Straight up said the guy had to send BTC and to trust him because he was the founder of NXT - then he kept $250,000 and did not send anything.

If NXT leaders are stealing outright to try to get any Bitcoins - what does it say about that scam infested rathole of a currency?

You can't deny $250,000 theft right now from leader of NXT.

Shows what type of people they are, and reinforces their launch was a scam designed to make a few whales infinitely rich of a non-liquid non-trading fake market cap that is on paper only.

Try selling your NXT and see the profit vanish because the market does not demand them.

NXT = leader openly stealing hundreds of thousands and will probably go to prison.

NXT is complete joke. If any of big holders gonna sell its price will fall by 90%.

Asset Exchange is filled with Scams and only NEM keeps them somewhat legit. New Multigateway will be even better, people dont want to keep their coins on reputable sites like BitFinex but they will keep them on 3 computers of totally anonymous avatars? lol

First they wanted to be Ripple, but they failed. (Ripple is still 1 million light years ahead).

Now their main Dev is talking to public how he cannot wait to see how NEM will work so he can copy it lol. And their shills like 2Cool4Skewl which already got banned from BTT constantly attack NEM instead of being happy there is actually one legit asset listed on their so famed asset exchange.


Come-from-Beyond

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Re: NEMstake discussion
June 13, 2014, 05:23:14 pm

    #143

Quote from: ChuckOne on June 13, 2014, 05:11:59 pm

    Because they praised distribution so much.


They still have PoI. And Nxt will have it soon after NEM whitepaper if it's a really cool thing.

Its a shame people even look at it.

Learn to read, John is no leader of nxt, he is just someone who does a presentation or two for nxt at some conferences (like many others). Secondly, john's account was most likely hacked. Third, only about 70 BTC is confirmed stolen, the rest were fake transactions by the hacker.

James' identity is public as is Domsh, who look after the multigateway servers. Domsch is the one opening up the crypto advisory business service on the Isle of Man with KPMG. It is all public if you choose to look, but of course you don't want to   ;D ;D ;D

Replace NXT with anything else and it's still true.
"Bitcoin is complete joke. If any of big holders gonna sell its price will fall by 90%."

There are several promising assets. The point is the technology. Every asset is the same, it is the investors responsibility to do research and decide what they want to put money into. It will be hundreds, or thousands assets in time, most of them worthless, the good ones will not worth less by association. NXT has the technology, it's not a regulator.

Multigateway will not be trustless, but requires way less trust than a centralised exchange. But let's wait for launch before we pass judgement.

Really, can you quote on that? Because as I remember, most of the Nxt community weren't willing to go near Ripple, not become it.

Come-from-Beyond cares about the best technology. His interest are technical, again this is obivious to everyone who read his history.
The NEM community is not the best one to point out when someone from one community is trolling another. Glass houses and stuff.

It's a shame people don't look at it before speak about it.
But I have to give it to you, you looked way more than the avarage "Nxt is scam" mindless post machine.

Other coins aren't a full premine like NXT are they. So this can only be partially correct for other coins.

It can't be premined if there is no mining. It was instantly distributed. Everyone could invest, express interest for almost 60 days. Those who did, got coin.

I agree with your second statement. Nxt initial distribution created some big holders, so it's a little more true for Nxt. But actually Bitcoin was a very good example, because it's distribution is actually worst than Nxt. Any big holder is dumping, the price is going to double digits.

I don't get why people treat coins differently than anything other.

Facebook, Apple, Google, their stock shares were 100% "premined", and created out of thin air. If any of the big holders sell, the price is going to dump.

I don't see why people get excited over this.

It depends on what you mean by big holder? The 10k or 100k range. Anyone in the 100k range won't dump, he might sell it off very slowly one day (there aren't many people in it anyways). As far as a dump in the 10k range goes, the last one that happened the price recovered within minutes. I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

u are not a newb why say nonsense? i bought nxt in early January months after the ipo for utter peanuts and dumped it hard later
still made 1000% profit.
ppl say lot of crap about this distribution but truth is anyone could make hardcore profit with the Nxt LOL for months and months after release lol   i only didnt invest in initial distributio because many thought it was just a hoaxy back then

You are not a 'newb' why aren't you making sense with your English? Obviously buying to have a portion of the pie is not what I was pointing at.

I wasn't around before 2013 so I didn't get cheap Bitcoin. (Actually I first read about it in 2009 and didn't care, real happy about that now.)
What you say about big holders are totally reasonable. But it is the same for Nxt. Why would a big holder dump just to destroy their own wealth? Those who want to sell are selling slowly, this is the reason why price is still (relatively) low.

There is no reason to assume a Nxt whale would dump and crush the price 90%, than that a Bitcoin whale would do it.

Real happy about that now? Why?
You need to look at the fact that there isn't the same level of support for Bitcoin and NXT. Bitcoin usually recovered within minutes of a dump, would NXT recover as well?
If you look at http://coinmarketcap.com/ , do you really think that the market cap of NXT should be $71M?

TaunSew = UtopianFuture = 3000NEM stakeholders.

NxT has less volume than Monero, XC and other coins worth less than $5 million.

Everything NxT is a scam.

NxT real capitalization $3 million since less volume than Monero and XC

Thanks for making the NxT whales rich.   :)  keep paying more!

It is a reasonable start. Value is based on what people think it will be worth in the future.

Nxt's value rose on the the launch of the fastest asset exchange in crypto. Multisig-gateway for decentralised crypto-crypto trading was moved to mainnet yesterday ahead of launch (the first subatomic transactions have already taken place) and Nxt's Turing Complete Automated Transactions going into final use case testing before integration into the core. They are the main three for me, all will be released and functional in less than 2 months.

Also Digital Goods Store, Physical Goods Store (NxtTorrent), Alias Transfer and others if they are your kind of thing.

Ok, I surrender. You won! You're completeley right, Nxt is a scam! And all people who invested in Nxt are scammer! The devs and ambassadors are all scammer! All these projects around and on top of Nxt are just scams. People actually don't develop features, they are just pretending to do so because they are all scammer! I'm a scammer, too! Because I told everybody Nxt was no scam! I told that Nxt has real features and a brand new software but if you download the client and look precisely you'll see: Everywhere scam! All these words like "NXT" and "Forging" and "Asset Exchange" can be translated to "SCAM", if you had the right decryption tool which only the initial stakeholder have! You got us! We are busted! We are all just scammer.

I'm going to sell all my scam Nxt right now and kill myself. Bye.

lol
Fairness doesn't exist. Grow up.

What else ?
Why not redistributing all the Bitcoins ?
Why not redistributing all the US Dollars ??

Hey you're born poor, life is a scam !!

All these projects around and on top of Nxt are a heap of sands.

Less volume than Monero.  NxT get quick rich.  Buy NxT so I can buy an island, please

The fact is that NTX is the only currency that is evolving technically.
If half the resources of NTX is added to the BTC, would dominate the world, but Bitcoin is in the hands of the foundation, which only has people of exchanges, then it will never add features that allow people to get away from centralization or exchanges. Bitcoin stopped in time!

Talking about "premine" in the context of PoS is like talking about Creation in the context of the Big Bang theory.

They may look alike, but make no sense in a different context.

It was irony. :)


The main criticism of Nxt is that it had a terrible initial distribution. I don't think anybody reasonable argues with that. But it is done, nothing to be done about it easily. How can be distribution be better? If initial big holders sell their Nxt. Many did. I myself bought in a few weeks after launch, it was around 60 satoshi. Don't quote me on this because I didn't check, but in the first few weeks 100-200 million Nxt were sold for cheap. Since then some of the big stakeholders sold more, some selling slowly continiously. This is good for distribution (not for the price rise). Others funded project developments. A serious amount of donations and bounties were given out, tens of millions. Yet others are invested their Nxt withing the ecosystem, buying various assets on the Asset Exchange (this is something that ppl outside of the nxt community don't see, but it's happening. Various business ideas, and developments are being funded). And there are some that didn't move more than a few Nxt in 7 months. It's possible that tomorrow one of them decides that that they dump everything and done with it, but I just can't see it. These are smart people.

So distribution are happening, more so than people not really familiar with nxt know.

As initial distribution was so bad, this takes time. Many in the community don't really care about price, they are happy when someone dumps a few million Nxt, it happened. It makes distribution better. Price don't rise that high, because when it does, someone dumps. This is not good for speculators, and people how make money on pump and dumps don't get into Nxt because of it. Because there is no point to pump, if there is a good chance to get dumped on.

This is why volume is low, and will be low until Nxt can be day traded.

But since when it is a bad thing that a coin can't be pumped and dumped? It's only bad if there is no other value to the coin. But that is not true for nxt. If you take the time and read some of the nxtforum.org, there is a great deal of development going on. Nxt is in it for the long run.

When distribution gets better, new services come online, anyone who wants to out will sell little by little. This will take a long time, more than customary in the crypo word, where everyone wants everything yesterday. But until then Nxt has time do develop, mature.

To anwser your question, I think market cap is high, because market cap is pointless, price however is low in terms of value.

I'm not a true believer, not a fanboy, not a FUDster, this is my objective analysis of the situation based on that I read practically every word written about Nxt since november. If I'd think Nxt is a scam, and will collapse, I would sell all my Nxt in a heartbeat, because I'm an opportunist first, and an idealist second. Yet, I have more money in Nxt than in all my other investments (cypto and real word) combined, and I'm holding, until I see real problems based on real information.

I am enjoying the amount of attention that anyone mentioning Nxt attracts  :D

And Nxt's multigateway decentralised crypto to crypto trading was moved to the mainnet yesterday. Perfect timing, not that it will need much promoting ;D Keep up the high profile everyone, people need to know Nxt Multisig is coming

This below is a list of top 25 assets traded at Nxt Asset Exchange by weekly volume. NEM is on the top but obviously NEM is not the only asset which looks legit - https://nxtblocks.info/#section/assets_exchange/12465186738101000735

NEMstake 1793730
Coinomat 1035005
NxtLtcN 917835
sharkfund0 415602
InstantDEX 320222
ShortNXT 301168
MGW 300972
jl777hodl 221956
NXTventure 172429
NXTTXTFund 150500
TXTCoinNow 102196
CNTROPOLIS 95750
nXtGenGHS 85057
Bithaus 77628
cmart 70020
NXTautoDAC 63543
ForgeCoin 52833
Sianote 42273
BGCAFFE 37784
Nxttycoin 22794
STORMWIND 21551
QORA 21286
cryptomart 17313
nXtGenKHS 14274
NHZ 13448

Wow, cool story.

Look at this!!  ;D

It was not about any theft. And I used big words, it not for you.
But how about you don't call someone a liar, when you knowingly lie on the forum 20 times a day?

He's got a point Tonsil/Come-from-Above

Wow since my first post on here no one even quoted my first hand experience with nxt. most here are blind as well as dumb. Nxt is way too big for chidish threads like this to stop it. the words "pre mine" "scam" are like the total opposite of what nxt is. all you children here go off and keep playing with your "old" "technology" pow clones while us nxters carry on changing the scene and scoring deals with serious business types. all you got is bct thread lmfao. Another great example of nxts growth is the price doesnt go up down like a whores knickers like every other pow scam coin out there.
oh forgot to mention.
Mgw Mgw Mgw Mgw Mgw Mgw Mgw Mgw Mgw

 ;D It is very funny here and at the same time a good advertising for Nxt. Thx guys!

Hi,

Im having trouble figuring out how nxt is scam. I downloaded the client and all the features worked. I couldn't find some in the client, but then I found out that they where being worked on. I was able to try them out even, and they still worked. Not seeing this?

Naked advertising, shame on NXT.

NXT is realy just another SCAM coin.
Just read their newsletter: http://nxter.org/nxt-newsletter-13/
there is nothing going on in that community ... just 50 BIG stakeholders trying to scam noobs.

Yeah Bitcoin = GhashCoin, Litecoin = BtceCoin, MasterCoin = AngelInvestorsCoin..... At least nxt is free from this crap......

Thanks for that plug ;D

You can follow up your reading and trial decentralised crypto to crypto trading at nxtforum. Get the latest on Nxts Turing Complete scripts in Automated transactions. Just ask me how.


And why make claims that are easily debunked? Go to nxtforum to see for yourself  ;D ;D

Shame on FUDsters if anything  ::)

I'm pretty sure it was sarcasm.

www.nxtforum.org for all the latest scam developments i cant keep up with it all  ;D scam means legit yea? ???

The IPO of Nxt took 103 days! Longer than the IPO's of other altcoins. Everybody was welcome, but only little had the guts then to invest in such a new coin. Too bad it missed it. But do really enjoy Nxt and the Nxt Community. So please spread your FUD guys, the real Nxter doesn't give a shit.  ;D

Petition to coinmarketcap going to be started to correct the false market cap, being faked due to no liquidity.

This is Auoracoin and Ripple all over again.

Unless it is distributed (PROVEN BY VOLUME) there should be no fake market cap.

I would buy a NXT clone, but the scam distribution ruins it for me.  I will not participate in a scam like this to enrich a few greedy sick gluttons and their stealing friends - what did the NXT leader just steal - $250,000.00???  That is more than your daily average volume.

Guess he could not get his BTC by selling without crashing NXT.

Undistributed Coins need to be removed from market cap.

Can't wait for Ethereum to destroy NXT, by simply having a fair launch.

Dude, what is your problem?

It looks like you have a selective reading problem. You only read what supports you theory, agenda, and ignore everything else.

So was mine, deliberate misinterpretation more accuratrly ;D

We really need some kind of special font. :)

To celebrate all the attention Nxt is getting, I will do a 10 NXT free giveaway: https://twitter.com/Nxtgids/status/478445052046630912

 ;D

Can just see peacefulmind stood outside coinmarketcaps hq with a poorly written sign demanding nxt be removed lmfao.
1.nxt has no leader
2.that person was hacked and the hacker stole aprox 70btc rest was fake txs
3.what about all the btcs not in circulation are you saying btc needs to have its market cap lowered.
4. do you even read what you write?
5.Nxt liquidity is caused because he who owns nxt does not dump nxt
6.Most pow coins are in the hands of the dudes with the mega miners. this is totally unfair and doesnt distribute coins well.
7.All your pow coins stand the same fate as btc. you will be 51% if you ever reach btc scale. fact it happened to btc.
8.All clones are scam coins bring nothing new to the table just clones used to pump and dump
9.No other coin even compares to nxt
10. Nxt itself is actually more intelligent than most of the half wits believing the ops crap.
11.Sorry nxt doesnt suit your pump and dump routines your used to.
12.most people are quite cable of making decisions them selves without reading a slander mega thread which actually doesnt achieve anything other than giving nxt even more attention.
13. I GUARANTEE you will regret not get involved with nxt now and leave it too late.
14. Just wait until the moneytary systems comes along in  a few weeks and destroys all pow coins as we will have our very own coins on top of nxt valued and backed against nxt.
BOOM 14 steps of fud destroying accomplished.

While all the bad holding trolls are sleeping/taking medication please do take a visit to www.nxtforum.org where everything you need to know about nxt is. Seriously its like crypto rehab over there you will never see the term pump and dump because it just doesnt exist in nxt land

:D yea, it is quite hard to see what is sarcasm on this forum, especially if you dnot read older posts from each user and/or u re not native english speaker (or the person who writes post is not one)

few of pecefulmind's post could easily be interpreted as sarcasm :D, also when u read his posts his name sound a lot ironic...

It is also strange why are some guys so angry with NXT. Such emotions.. as if NXT had killed someone they liked ore something ..
Are they payed to do so? Some kind of anit-NXT swarm led by some SUPER RICH early BTC adopters or SUPER RICH corporate miners? Well i doubt it ... (corporate miners wold be happy if NXT was not mentioned at all)
Also their posts are so irrational and full of hate and anger, that they sound like they really believe what they write..
But what would be their personal gain of spending XX hours writing nonsense and spreading FUD, if they were not financed by rich guys?
or
They are payed by some 50M NXT whale to spread obviously irrational FUD so more people get into NXT

uuu conspiration theories :D

Ethereum is not going to have a fair launch. It is being made to reward themselves. Seems like there is already infighting in the team.

massive and constant hatred against a project is a sign of its success

same with Bitcoin the #1 - see many rich chaps who missed the train are critising and raising FUD against it

good thing about Bitcoin is Cryptocurrency-advocators tend to hype it because it is crypto reserve currency and sine qua non to trade most alts.

~CfA~

Missed the news; Who stole what? A quarter of a million is a huge amount.

U didnt miss anything worthwhile.
Just the usual everyday BTC theft -  TL;DR hacker gained access to a public speaker's computer who happened to speak for Next community, stole Bitcoin of community with a post of betrayal that asked for BTC funding; using the hacked person's reputation as stool pigeon.

~CfA~

https://nxtforum.org/news-and-announcements/incredible-opportunity!/

Someone hacked (probably) forum acc of guy who was representing NXT at PayExpo and tricked some community members into sending him ~74 BTC

EDIT: lol that exclamation mark.

lol :D

So you actually think NEM is extra successful? Then spread more FUD please :)

not a single of my post could be marked as 'fud'.

yes right u are, NEM is very successfull - in terms of hyping up its unpublished development going to the point of selling $1000-$1500 US dollar NEMstakes on asset exchange representing a currency that has not actually been launched.

massive and constant hatred against a project is a sign of its success

Those are your words, not mine.

+1


~CfA~

Nothing LOL about that. Some people got seriously scammed and that is terrible for them. Please show some respect here!!  >:(

For anyone who wants to earn some Nxt: https://nxtforum.org/pub-crawl/10'000-nxt-for-speech-analysis

Thank u.  im going to dive into this.

~CfA~

Are you really in any position to be criticizing people for hacking themselves? 

Is not the first scam coin. So,nothing new.  :(

So they're putting bounties for people to chase forum members that point out negative facts of their project? This is ridiculous, what's next? Bounties to kill people that spread fud? ffs

Apparently I'm getting more attention than
John who stole $250K and then BM who stole over 1 million NxT.

I wouldn't put it past them to send someone after me to hurt me.

Looks like great PR for NxT - we'll send people to hurt you but leave the scammers alone.

Hi worhiper,

why not? It's fun.  Also: we're not talking negative facts but constant lying of TaunSew here, it's a huge difference.


No, you're not.

If someone was lying it doesn't excuse violence or hit man, would never hold up in court.

BTW referring to NxT's distribution is far from a lie - it's a commonly understood fact about NxT.

I can't think any investor reading this thread is going to react positively.  NxT is getting ridiculous when it's chasing shadows.

+1

If this was all you were doing I wouldn't even bother doing some background research.


A serious investor would not read a topic titled "NXT, the ultimate scam".

kiddie fight

~CfA~

FTFY

Over react much?

I repeat:


why is it the Proof of Stake coins have so many kiddie fights?

~CfA~

I think TaunSew case is pretty clear. He is jealous of Nxt being #3 on coinmarketcapp :)  That attracts a lot of attention by itself

People actually sent this amount of money? FFS, when will they learn?

you know what, since the 2500-page thread was locked, these fud threads pop up very often.

IndiaMikeZulu in da house. We have decided to base ourselves in NXT (and Unobtanium -- POW has a place).

Am reading up on every asset. Here are realities that we were talking about well before NXT was launched -- like a way of cutting BTC out of the equation. Gee yeh -- that'll never catch on!! Wa ha ha

Mark, Australia

thx for reviving this thread of truth little man ! Spoetnik Approved™

~CfA™~

Just want to note here briefly the NXT project has been embroiled in scandals lately and possibly even a lawsuit.

I had recently contacted New York Department of Financial Services regarding them.  Ive made a number of submissions to this site recently regarding them.

Bluemeanie1/joshua zeidner, return the stolen funds instead for resurrecting dead FUD threads
http://cointelegraph.com/news/112643/the-mystery-of-the-missing-1000000-nxt

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FbwIsSK1.png&t=544&c=IedpudWJzhgCMw

NXT, I have to agree is a scam/shitcoin.

From what i read here i could agree with you.

Well, you'd be wrong. Seriously....come on over to the main NXT forum:
possibly the best forum in the world (https://nxtforum.org/index.php)
and check NXT out properly.

And as for this lunatic, who was a few months ago an enthusiastic NXT supporter and employed by jl777:
The only interesting scandal around NXT right now is the fallout from BlueMeanies vendetta against NXT, and the only interesting lawsuit is going to end with Joshua Zeidner / BlueMeanie regretting being such a nutter. If he has the balls to actually talk to a lawyer, as per his threats.
And yes, a number of submissions: spamming the f**k out of BTT with lies and nonsense, he means.

Still , we might get a movie out of it:
https://bitcointalk.org/index.php?topic=811502.msg9096499#msg9096499

And we do have a great story on CoinTelegraph:

Joshua 'Buttmonkey' Zeidner: the truth  (http://cointelegraph.com/news/112643/the-mystery-of-the-missing-1000000-nxt)

And, lastly, just in case anyone thinks Bluemeanie/Moneroman88 is only a threat to NXT and Monero:
BM is on a self-appointed crusade against all crypto, apparently.

I dont think that TS is UF, because UF was more responsible towards NEM. UF would understand that by TROLLing with the same account as he usese in NEM community he is actually hurting NEM.

And I dont think NXT is scam, it is great technology+talented people but bad stigma.

NXT got what they deserved on dealing with bluemeanie.  If they weren't so obessed with their own greed they would have seen what he is by how he presented himself outside the NXT community.

The number of donations were 73. There were some who donated many times, but there is no way to know how many. Then how does he come up with 50 number :-\

Logic fail....  ::) :D :D :D

BTW, 101-103 (I can't remember exactly) is the true figure of initial stakeholders. Only 72 (and later 73) actually bothered to claim their stakes. I guess we should blame Nxt for that too...

Anyway, everyone knows Nxt was invented my higher intelligence aliens and passed to BCNext as their ambassador. He has gone now as he was just visiting and will return to free all humankind when the time is right...

Why the sudden interest to dig up dead threads? ??? Oh yes, that's right... Nxt has a new release around the corner.


Ok, Carry on.  :D :D :D

WTF ? Can you explain that ?
I think you may be missing some of the story here.
BM got hired by Nxt as a dev, and he seemed like a normal person at the time. Then all hell broke loose......
There didn't seem to be any reason then to be suspicious of him, unless you actually know somethng I don't?

NXT isn't doing well right now although I would still say it is a pretty successful coin overall.

NXT is a coin that has some very innovative technology but with bad distribution (73 initial stakeholders, blah blah).

One of the reasons why the NXT price is so low is due to these whales dumping whenever the price of NXT rises a bit.

NXT is 100% proof-of-stake so it cannot be mined and therefore all the initial coins must be generated at once in the genesis block. Therefore, to say that it was "premined" would be somewhat misleading. All PoS coins must be distributed in some manner. NXT - being the first 100% PoS coin, chose to take the IPO route. Peercoin used a mining phase that would be gradually phased out. Other PoS coins like NEM and BitsharesX, and Counterparty (which is actually not PoS nor PoW but proof-of-burn) have used their own unique methods of distribution.

http://www.ournem.com/  ::)

NEM's proof-of-importance is a variation of proof-of-stake but with other factors taken into account to discourage hoarding and prevent whales from staking all the coins.


This I probably agree with.


Hence the "unique methods of distribution". NEM stakes were distributed for free and then for a small fee. One stake per person. BitSharesX used a combination of mining via Protoshares and donations to Bitshares AGS. NXT used the IPO, etc.

It's also different because the founder created several sockpuppets to claim multiple stakes (Utopian)  ;)

ftfy, there's a rather big difference between the two.
Do I remember correctly that UtopianFuture (and possibly others) claimed multiple stakes?

Congratulations to all who bought NXT below 5k. Today we are braking the 2 month downtrend line. Its not to late to jump in  8)

http://s14.directupload.net/images/141123/vvwv5saw.png (http://www.directupload.net)

For the record bitcoin is not the worst in any way, NXT is! With bitcoin it was impossible for Satoshi Nakamoto to control the distribution of bitcoin, therefore anyone could join in early and reap the benefits. NXT's initial distribution was 100% CONTROLLED! Idk why anyone would buy any type of currency that was 100% controlled but then again the federal reserve got away with it. ??? I guess we have to accept most people on this planet are on the verge of being mentally retarded without the ability to think for themselves and I don't mean that as an insult but more a fact. My vote is for Horizon which has a fair distribution and is even better than NXT because of it's true peer-to-peer market.

Don't be butthurt that you didn't join the IPO if nxt... Everybody had a chance to join, but IPO where new back then and people were scared.. Stop bitching about the distribution..

Hahaha. Don't you have other things to do than trolling on a thread that no one is watching ?
I guess no. How sad is your life...
I never heard about "Horizon" but thanks to you, everyone seeing your comment will think it's a piece of shit.
What a great advertising you did, good job.

Exactly.

Horizon is #128 on coinmarketcap with $282 24hr volume  :D

Get the fuck out of here Morton Bitcoin Management

sure it not a scam, their dev did a great job
                                                                 

HAHAHA Yeah your right, my life is very sad but I guess you can say the same thing about yours then.  ::) You commented on this thread too. You can try to insult me all you want but the fact that you do just means I won the debate to any person who can see through bullsh*t. I will admit NXT has good programming behind it but no sane person is going to trust anonymous devs who, I'll say it again CONTROLLED 100% of the initial distribution!

No worries, NXT will succeed with or without you.  Good luck with your horizoncoin.

Wait...  is that you on this video ?
Morton Bitcoin Management arrive on bitcointalk.org (https://youtu.be/sTSA_sWGM44?t=76)

What else would you expect from a college dropout who is hawking his own portfolio of shit alts.  What a pathetic fucking loser.  Let me give you a little piece of advice Michael.  If you want any chance to be successful in the business world, don't go around bad mouthing competitors.  Otherwise, you will spend the rest of your working life as you began it, as a parking valet.

Only trolls are low enough to insult others. I simply state the facts but I tell you what, I'll take back everything I said if you can prove this scenario couldn't happen:

Say I'm a dev and I see peercoin's Proof-of-Stake (PoS) algorithm and I believe I can do better. I have the idea to use PoS and combine it with a marketplace for all cryptocurrencies. Let's say I name this cryptocurrency NXT. Since I'm a smart anonymous developer I realize hmmm what if I were to create multiple bitcointalk.org accounts and distribute NXT between some of the well known developers but still keep a majority myself by using my multiple accounts to make it seem like I'm several people at once. Lets say I accomplish this and own 40% of NXT. Then Since I easily have the most NXT I start manipulating the market by having huge sell offs then buying up more while its cheaper. Each time I do this I control more and more of NXT making it easier and easier to manipulate while I'm gaining profits the whole time by controlling the volatility.

Now please someone, anyone, tell me specifically how that can't happen and I'll admit I'm wrong.

Lucky for us, you're not smart enough to develop a POS from scratch, that's pretty obvious.  If the creator of Nxt was money motivated, he wouldn't have stopped the IPO at 21BTC, which he did because it was symbolic to him.  He would have held an Ethereum type pre-sale for 6 months. Try doing some research, or go back to college, finish your degree, and come back.  I love how you call yourself a "CEO"  Tell me, how many people do you currently manage? 

You're insinuating that he was not money motivated?

I'm not agreeing that NXT is a scam, but come on. Of course he was money motivated.

zanzibar man I'm above insulting other people so you can keep insulting me all you want but your just making yourself look bad. Furthermore it's funny to me that you keep saying I'm so stupid but you just reinforced my argument even more. For the original dev to take over 40% he would only need 8.4 btc so he wouldn't even have to be rich to accomplish what I'm saying. Plus if he wanted to make it symbolic why not 210, 2,100 or 21,000 btc which would be a way more realistic IPO. Not saying I know for sure NXT is a scam but neither do you and I'll answer your question after you answer mine. What part of that scenario couldn't potentially happen?

If NXT was a scam. It's a pretty good elaborate one..... Hell, its the most successful scam in pumping out quality features vs EVERY other coin out there.... seriously...


Like I said, most elaborate scam ever:


http://www.xcubicle.com/sites/default/files/nxt_demo1.png
http://www.xcubicle.com/sites/default/files/nxt_demo2_marketplace.png
http://www.xcubicle.com/sites/default/files/nxt_demo3_asset_exchange.png
http://www.xcubicle.com/sites/default/files/nxt_demo4_messaging.png
http://www.xcubicle.com/sites/default/files/nxt_demo5_aliases.png
http://www.xcubicle.com/sites/default/files/nxt_demo6_file_storage1.png
http://www.xcubicle.com/sites/default/files/nxt_demo6_file_storage2.png

Could be a mix between the two. Maybe I'm viewing this too black and white when it's more of a gray situation.

NXT is one of the furthest from being a scam.

Do you know what a scam is ?
In every scam there are victims.
Find me one single victim of Nxt - the cryptoplatform (yes Nxt is not a crypto but a platform to develop business and experiment with the blockchain).
Pro-Tip : You can't.

Parking Valet, what is your motivation here? You think you know the theoretical motivation of the creator of Nxt, by throwing out all these hypotheticals.  You flat out say Nxt is a scam because of distribution.  Do you think Bitcoin is scam?  Satoshi owns over 1 Mil BTC, there was no distribution of Bitcoin in the first 9 months.  Your motivation is to pump your shit Horizon coin, it's fucking pathetic.  Go back to school, I'm serious, it will give you a couple more years to learn how to actually succeed with whatever business your attempting to run.

The best answer to this trolling thread i have read so far. Really good point.  8)

Ya man, the NXT core Devs are truly amazing.

2-3 months after people (me) were complaining that Storj is hopelessly behind schedule...
And NXT cannot depend on a Third Party with 10% of it's market cap for local storage...

Viola, Tagged Data is released and operational...
Meaning you can upload 42K of data with 5 searchable fields stored as a local file... with just a hash on blockchain...
This is in addition to using prunable messages to store scratchpad data.

So now every future NXT plug-in app has a reasonable amount of permanent and temp storage...
You can now even store a simple web site via NXT and be 100% decentralized and anon...
The NXT Devs made Storj irrelevant for apps that are not data intensive... IN 2-3 MONTHS FROM IDEA TO PRODUCTION.

This kind of amazing is routine on NXT...
I'll bet they will have metered anon VPN in the core in another 2-3 months...
Which would blow it wide open... and then everyone will have a hat like superresistant, man.

This sort of thread just makes me angry.

Don't get angry...it's pointless.

Look at the amount of FUD and BS that the mainstream media have directed at Bitcoin and crypto-currency in general.
The only way to respond to this sort of fact-free trolling is to simply keep calm and carry on educating people: about BTC, about crypto and about NXT.


This thread is from over a year ago, and the OP completely blows his credibility in his first post:


peacefulmind  (https://bitcointalk.org/index.php?action=profile;u=90835) quotes Come-from-Above  (https://bitcointalk.org/index.php?action=profile;u=300079) as a reputable source of NXT information, but C-f-A is a troll account, with no connection to NXT at all.
Come-from-Beyond  (https://bitcointalk.org/index.php?action=profile;u=46556) is one of the original NXT devs, the OP couldn't even get that right.
Not to mention the facts that:
NXT has been open source since February 2014 and still is.
NXT distribution was open to everyone to claim for over 2 months, on this forum.
73 people recieved NXT in the initial distro....heres the original NXT [ANN] thread:
https://bitcointalk.org/index.php?topic=303898.0

I could go on, but it's probably quicker just to point out the correct information from the OP:
NXT is written in Java.

5 people with about 10 sockpuppet accounts each on this anonymous forum received the bulk of NXT.
The other 20 forum accounts received just small amounts of nxt as they where told not to sent a lot of bitcoin (the max was 1 btc)
 

So true. I didn't buy at the IPO because I could not figure out the potential value.
Once on the exchange everyone could buy multiple millions of Nxt for few BTC.

So why the haters didn't buy on the first exchange ? What is their excuse ?
Haters' got excuse for everything. It is always the fault of the others.
The world is conspiring against them.
They love being the victim of a big powerful mysterious group of people.
Sound like sadomasochism isn't it ?

its very simple actually....

if you don't like the initial distribution and think its  a scam and unfair that you didn't get in early... don't buy the coin....

But seeing that the platform is very solid so far, there are ALOT of assets  you can buy just like NXT initial offering and still get in early. I'm buying the platform assets instead of the NXT coin.

HAHAHAHAHA Wow dude. If your going to lie you should do a better job of it! You could literally never buy 70% of Nxt with 10 bitcoins even if it were to crash since bitcoin doesn't divide enough for you to do so. Say 1 Nxt = .00000001 btc or 1 satoshi (the smallest possible unit of bitcoin) then you could buy 100% of the Nxt network for 10 btc. If 1 Nxt = .00000002 or 2 satoshi then 10 btc would buy 50% of Nxt's network. But ok let's say you were just talking in generalities. Show me the exact exchange, date, time and include a picture cause I'm calling BS. Prove me wrong if your not lying.

You can never buy 100% neither 70% on an exchange : when the demand increase, the price increase. Basic trading.
He was obviously exaggerating but he is not far from reality.

I was trading in the first days. The problem is that the exchange is dead a year ago and we cannot access the database.
The only thing I could find was a screenshot of one of my buy order from a thread :
https://bitcointalk.org/index.php?topic=770252.msg8787782#msg8787782

http://s27.postimg.org/dixndaelf/Screenshot_from_2014_09_12_10_33_12.png

That's 334397NXT for 1 BTC but that's not on the first days of trading, the price already skyrocketed 10 times. I remember the price being much lower. Probably about .0000003 (30 satoshis) or .0000005 (50 satoshis).

So you could buy a lot of Nxt for few BTC and multiply them with trading (buy lower sell high repeat). I personally make over 800K NXT with about 1 BTC. That was good old times.

What were you doing at this time ? Don't be angry that you missed an opportunity, there will be plenty of others but I can tell you that whining like a baby and acting like a victim will never give you any opportunity and lead you nowhere.

Yes, every time you come back to justify yourself in this thread, you are missing an opportunity. (but you make us laugh)

Exactly. If you made that much off those wild ups and downs think about how much the person who had a dominant share of that market would make causing those ups and downs.

Even though 33 Satoshi is a big difference from 1 or 2 I guess you proved me wrong there. Still think Nxt is pretty shady but I guess that's the awesome part about cryptocurrencies, doesn't matter what one person thinks.

Although I'm definitely not the only one to think that way:

https://www.cryptocoinsnews.com/bitcoin-core-developer-jeff-garzik-believes-nxt-is-a-scamcoin/

LOL, the famous "hashes dont match"

the truth is, since that article was written, NXT went through  2 or 3 hard forks adding features while BTC is trying to raise the block size
awfully lots of effort by devs and community just to scam few $ out of other people.

where does the hashes don't match? why would he say something like that?

download the wallet of nxt here http://nxt.org/

explore its features then rationally look at why you would think its a scam

also maybe look at the work put into it

https://bitbucket.org/JeanLucPicard/nxt/src

But I don't feel like early adopters scammed me on the exchange !
I could have invested in the IPO but I didn't : I didn't had the balls to invest at that time and that's it. I'm not gonna complain.
I am actually happy for the IPO investors and I learned a lot from that experience. They are not fake people, I'm friend on Facebook with one early adopter.
Everyone that participated earned something.
Again, there are no victims. So why the hate ?

i think NXT has gone on too long and has to may features devs etc to be called a scam.

It genesis was interesting.

I tried what looked like a very early version of nxt before nxt existed.

Some guy said something like

I think I can do a pos/java/html front end....and posted it here....

I had a play with it and it looked like release 0.00 of NXT

This person then disappeared and NXT followed a few months after.

the posts are here somewhere....

links to the original founder? im sure he/she is still here on the forums as another user.

https://bitcointalk.org/index.php?action=profile;u=152600 (https://bitcointalk.org/index.php?action=profile;u=152600)
Posting times show far Eastern European

Fpr someone who's spent time in other echo chambers, here's the killer argument against the claim that Nxt is a scam:

Marketing.

In addition to their, uh, ethical deficits, scammers and con artists always have one thing in common: they're very slick marketers. That's a constant - a very reliable behaviour pattern.

Now tell me, and tell me true instead of weaselling around: does this behavior patter match the guys in Nxt's inner circle?

I don't know about you, but I've read a lot of complaints about Nxt's marketing being less than what it should be. Those complaints drop the dime on the claim of Nxt being a scam: producing solid technical innovations but suboptimal marketing shows the opposite of the behavior pattern of a con artist.

Another behavior pattern of scammers is their short-term orientation. Even if they have a business that could really go places, they lack the patience to build it up. Instead, they jet off and run another scam.

Does this match the behavior pattern of the inner-circle Nxters? No, it doesn't. All of them have stuck with Nxt for well over a year - through a time when NXT's price was essentially going nowhere satoshi-wise.

So there's your answer as to why Nxt is not a scam. The behavior patterns don't match. :)

it was a month or two before this...but I am sure it was the same guy or nxt beta....I started it up and palyed around with it then he dispapeared....then nxt.

Seriously,  whoever trusts java for holding money should have their head examined.

That's enough right there to show its a scam.

Why don't you go ahead and point out the vulnerabilities of the code for us all?  Can you list one?

I'm speaking more in terms of Java itself...

http://www.csoonline.com/article/2875535/application-security/java-is-the-biggest-vulnerability-for-us-computers.html (http://www.csoonline.com/article/2875535/application-security/java-is-the-biggest-vulnerability-for-us-computers.html)

https://i.imgur.com/NbAWYs1.png

Patches don't always come out fast enough and zero-day exploits happen frequently with Java.

I choose not to trust currency/money with this.

Taken from the other thread:


For someone who's spent time in other echo chambers, here's the killer argument against the claim that Nxt is a scam:


Marketing.

In addition to their, uh, ethical deficits, scammers and con artists always have one thing in common: they're very slick marketers. That's a constant - a very reliable behaviour pattern.

Now tell me, and tell me true instead of weaselling around: does this behavior patter match the guys in Nxt's inner circle?

I don't know about you, but I've read a lot of complaints about Nxt's marketing being less than what it should be. Those complaints drop the dime on the claim of Nxt being a scam: producing solid technical innovations but suboptimal marketing shows the opposite of the behavior pattern of a con artist.

Another behavior pattern of scammers is their short-term orientation. Even if they have a business that could really go places, they lack the patience to build it up. Instead, they jet off and run another scam.

Does this match the behavior pattern of the inner-circle Nxters? No, it doesn't. All of them have stuck with Nxt for well over a year - through a time when NXT's price was essentially going nowhere satoshi-wise.

 The behavior patterns don't match. Smiley

Again...


Since your taking back to the oldschool again, here is a post from a year ago..


You said the same when you were Eamorr more recently  :D Welcome back TS!!  ;D ;D

Also...




And... https://bitcointalk.org/index.php?topic=345619.msg5518671#msg5518671

 ::)

I must say i thought in the first place NXT is a scam.

But it is now too long around and too succsessful to to call it a scam anymore.

Look at the price, volume and market cap on coinmarketcap.com

NXT is terms of
Marketcap on place 8
Volume on place 12

So the overal place is something like 10

despite the fact there are 1200 coins, and a lot of scams.
A coin which is nearly over 1,8 years old and is on Place 8 & 12 of the coincharts cant be called a scam.
The market never lies. The Market is always right.

make that 7th place and ripple shouldn't be on that list anymore having that they need to collect KYC.

Nice to see someone who knows how to change his mind when new facts show up. Props.

Maybe not scam,

but still java shitcoin !

java = scam

so java shitcoin = scam too !

Iscamscammers = TaunSew

= UtopianFuture = Degenerate sub-human

I actually doubt that. He said he got burned by Java itself through an exploit. I tried getting him to open up on what happened, but I haven't seen his response - assuming he did respond.

Absent that open-up, he prolly got a malicious .jar file from a phisher through his Email that he opened. Ouch...

[While I'm on the subject, why are Email clients so stagnant in re innovation? You'd think that an Email client would offer a "Safe" option to strip any .jar attachment that comes from any sender not explicitly whitelisted....]

Fact is, just like btc and tons of other senior cryptos: a few people always get in early and hit the jackpot so to speak. So there is always a small number with a big number of coins. Would it be optimal if the big stakeholders gave away more? Yes, but no one can force them and it's not fatal.

The reason Google etc. isn't investing in Bitcoins is according to themselves that they are waiting for the 2nd generation cryptocurrencies that have fixed the issues of btc like nxt has done.

Back in early-mid 2014, "free and fair distribution" of PoS coins was a big fad. Like all other fads, it faded away - leaving us with another lesson we had to learn the hard way. ;)

Please try to do better research. it were 73 instead of 50 people  ;D And do not forget: the best number is 73. Why? 73 is the 21st prime number. Its mirror, 37, is the 12th and its mirror, 21, is the product of multiplying 7 and 3... and in binary 73 is a palindrome, 1001001, which backwards is 1001001.

Nxt is one of the most well-distributed coins. There was a analysis some time ago where someone researched the distribution of Nxt and Bitcoin . Not surprisingly, Nxt has won.

It may not die because of the bad distribution, but it sure as hell does not need Einstein to figure out that with no investment it will.
Money which has been invested in the last 24h, and the day before and before ...........
Litecoin     $ 86,112.9 USD
Monero      $ 7,018.04 USD
Dogecoin  $ 2,308.8 USD
Namecoin $ 1,787.3 USD
Peercoin    $ 499.9 USD
Nxt            $ 35.82 USD
Blackcoin  $ 35.5 USD
Quark        $ 11.5 USD
What do people here expect, but $100 in and get $100000 out?

Bitcoin is of the radar (almost 1 mil) and after 5 years still gets distributed daily with new coins and for the next 100 plus years.

Right, and you determined the new capital flowing into the alts you listed, how exactly?   ::)

Reward times price. With other words if you remove the noise of the trades the price would stay exactly the same per coin with that amount of new money. Unfortunately nxt has not been able to find the few $ needed per day as it lost about 7% against Bitcoin YTD (which found $ 883,536.00 USD past 24h).
It is plain simple noone can take more out than what is put in.
Some would say she ist dead jack.

Protip:  There is no inflation in NXT.

Fee's baby, fee's you gotta pay them damn fees (fixed it for you)

What are you implying?  I can only assume you are taking the daily NXT tx fee total and multiplying it by the current price.  That figure means nothing.

Large bol...

 oops

Large, bold letters = Moron

I agree with your first paragraph but disagree with your second one.