Bitcoin Forum

NXT is a poor scam compared to the coin it copied - PPC.

Why buy a scam that was 100% insta-mined?  Is that okay to give money to criminals behind NXT.  They should be imprisoned for fraud.

You can buy the original PPC that had a fair launch and the real innovation.

If you want the real thing - PPC.

I love the Peercoin asset exchange its really innovative. strong features all around also

Peercoin is awesome anyway, too bad its almost dead already which sucks. NEED NEW PUBLICITY FOR PPCOIN!

lets get togehter and pump it up

can you give us a link describing the Peercoin asset exchange?

-bm

No sorry

Peercoin is not a bad coin I'll give you that , but it's anonymous creator/dev really does hinder the coins success.No big time investor will put money in a coin made by a guy called sunny king.

It is called Peershares
http://peershares.net/general-information/ (http://peershares.net/general-information/)


How is that different from Bitcoin's anonymous Satoshi Nakamoto?

u call peershares asset exchange? LOL  ;D! what do u take friend?

Well no, it's a platform that allows distribution of dividends on blockchains unique to a single share.
But I believe that's what they were reffering to.

It's good that peacefulmind has a FrictionlessCoin quote in his sig...saves so much time wasted on deciding if he is a complete idiot or not.

frictionlesscoin is one of the best developers in the world

Anything mined in 1 second or 1 week is usually not a good idea because the crypto world needs outsiders more than outsiders need the crypto world.  People are perfectly happy with negative interest rates and having the money supply printed to oblivion in the real world.  Then if you do try to convince them to change, how is a coin that was 100% premined in 1 second going to convince them?  That's a selling point that's basically worse than what they already have.

r0ach do u have a coin project?u seem particularly smart and educated.

Who believes he should abuse technology to pre-mine and defraud others of their money.

Interesting to see how many sock puppet accounts will actually say scamming is good.

I saw a post the other day where someone was complaining that scamming was hard work and therefore OK.

Especially he thought scamming "Americans" was awesome!!

He was a huge NXT supporter.

Peercoin = fair distribution.

NXT = PRE-MINE scam, largest in crypto history.

Yeah, pre-mine.....thats where you lose all credibility. Even FC was slightly smarter than you......

This was posted in our subreddit as a response to your post...


I can guarantee you there's a lot of big money in Peercoin for exactly these reasons. Sunny King is a long-term crypto visionary and very careful about the decisions he makes. Besides Peercoin's design, Sunny is the main reason why I've been 100% in PPC for over a year now. Our community contains a lot of smart people and intellectuals, most likely drawn in by him. It may be one of the reasons we suffer in the area of marketing. We have many things in development though, Peercoin, Peer4commit, Peershares, Nubits, etc... I'm confident in our future.

im sorry for that guy who has 6 figures invested in Peercoin.safely wasted money. ouch

Why exactly do you come into the peercointalk forum and talk regularly with us and then act this way on BitcoinTalk in front of others? It's pretty immature in my opinion. If this is how you want to act, I don't have time for it.

what? i have never been to peercointalk forum dude
i dont even know what u say. how can i help u?

Nevermind, I'm mistaken. I thought this was you...

http://www.peercointalk.org/index.php?action=profile;u=31595 (http://www.peercointalk.org/index.php?action=profile;u=31595)

Similar but different user name.

i set my personal text because of this now
seems some people confuse this.

yet the nxt is applauded more by the market-cap

Lots of coins have passed Peercoin before. We'll see how this plays out long-term. (Several years)

no brainer in two years there is no peercoin on coinmarketcap :D

I know how to make NXT disappear from coinmarketcap...


"Filter: Non-mineable"

Uh oh, looks like it went 'poof'!

That Peershares things looks like vaporware that hopes to someday copy what NXT already has.  Is it not?

Indeed, but it's still the most fair way to distribute a coin.

Peercoin solves both the energy and distribution problems, by relying on PoW for distribution the first few years and then PoS for the network's security.

Each have their own advantages and common development is the best

owned lol

I want that, too. :D

I believed in PPC for ages. I agree with you - it's a top coin by a top designer and I thought it had a good chance of overtaking Bitcoin at one point. But the design behind it is all to do with financial system infrastructures. It has a transaction fee and algo which lend itself to very large transactions and so was never designed to support retail level or commercial sector trading. It is basically the "bank transfers" backbone of crypto.

NxT on the other hand is a completely different animal. NXT has succeeded where PPC failed in the sense that it has captured its target market where PPC didn't (it may still do in the future though once crypto gets more established).

NXT has done exactly what it's designer set out to achieve - engender an organic, diverse and highly active commercial sector which has attracted 3rd party vendors not directly associated with the currency. It's not going "back in the bag" now either because it's survived the most intense period of mud being thrown at it and most of the mud throwers are now actually invested.

Although many still criticise it with 'instamine scam' labels, that is actually just a load of b.s. Even the distribution issue is now getting sorted out because the recent process have attracted high volume off-exchange buyers which have split the original holdings many times and these are finding their way into the lower tiers.

One argument that is constantly brought up is that the original holders made "too much money". I'd like to know what "too much" actually means other than as an expression of jealousy. It's noticaeable that such critics never have the balls to come out and state categorically that it's unethical and why it's unethical.

I can tell you why that is - because an "unethical" distribution would amount to taking money for something which has no market value, or who's market value is about to disappear and that isn't what's happened here. In fact the opposite is the case. No investor since it's launch is down on their investment unless you bought within a tiny timeframe during the last few days when the price peaked - and even then you'd only be down about 10%. Critics keep saying that the original holders are going to "crash the market" and leave everyone penniless and it keeps not happening and has less chance of happening with each month that the currency gets traded.

So all this 'scam' stuff is just empty garbage trotted out by the world-improver mining community thinking they're on some kind of ethical crusade but who are in fact clueless about how markets really work. Thankfully, there's only the odd one left now because the rest are all invested  ;)

Yeah just like the anonymous founder of Bitcoin prevented Bitcoin from succeeding.  ;)

I was going to reply to El Dude with something much less diplomatic.... but yes ^^^ this instead. I have no opinion on NXT, and am instead here
just to agree in applauding Sunny King who is as skilled as ANY of the BTC core devs. I'm sure they would agree.

Yeah, to have made two vastly different and innovative coins like Peercoin and Primecoin, while there were basically no other alts. And to continue actively developping them even today.

That's quite awesome.

Thanks. I needed that laugh. "Nobody is going to invest in a guy called sunny king."  So off base. Would it be better if his name was Brock Landers or Chest Rockwell?

sunny king the name is the only thing that attracted me to peercoin before i realised its a sunken ship

Well you have your point but I see jealousy as a legitimate human emotion which was evolved for a reason:-)  Why do you think people here generally do not approve any coin with some percentage of premine.  Plus I do think the initial IPO period was not transparent enough.  You will never be sure what was really happening back then.  It was a centralized behavior which was against the philosophy of cryptocurrency.

And how can you be so sure the bag holders will not cash their coins?  Ripple existed for a long time and just recently one guy dumping caused a major devaluation.  Nxt is very young.  It is just too soon to assume nothing similar will happen.  And you probably will never be sure.

I am interested to hear what you think happened back then to make you say this.

Sunny King is one smart man - PPC first prrof of stake.  Primecoin - first science coin.

He is like Satoshi.

NXT is more like the mafias.  Fraud and shakedown.  No innovation, just copying Sunny King.

What happens to peercoin if sunny king gets hit by a bus? The btc and ltc devs have more then a 1 man team, I also don't trust that slimeball since he took the bribe from bushstar and fixed feathercoin.I rather buy dogecoin then ppc.

You and the 3 other people on /r/peercoin are laughing at me WOW like I care.

How is the fact that he contributed to feathercoin a problem? He's an independant developper not contractually tied to Peercoin, and I think it's quite honourable that he contributed to another crypto and didn't partake in the petty wars between coins.

https://github.com/Peershares/Peershares/releases

The Peershares template has already been released, so there's nothing "vaporware" about it. I know of a couple of implementations that are running, but none that are publicly available on an exchange at this point.

Coincidentally, it was announced (http://www.peercointalk.org/index.php?topic=527.msg4249#msg4249) on the same day that NXT was announced, and you'd be hard pressed to really consider them competitors at this point, because they are intended to address different use cases.

Very admirable indeed. The community can only grow with help from each other.

The story is buststar ( the guy who cloned litecoin added nothing new except more coins) did a horrible job copy & pasting and the feathercoin network was dying , so bushstar tried to bribe the Litecoin dev team and they refused. So he asked sunny king who took the money and fixed feathercoin instead of letting it die. This goes to show what kind of person sunny king is.

Any developper would have took that job, except those of Litecoin who apparently were angry that another coin was based on their open-source code. I see nothing wrong in that, considering Feathercoin is not a scam-coin (no premine, fair launch, had a legit community)

nxt is not a scam run bt crooks.
nxt is not a pump n dump coin
nxt has best devs in da world all rest are a bit shit
nxt is the best coin ever

The same thing that happens if the entire Bitcoin core team is incinerated by a comet... Someone else with the talent and skill forks the OPEN SOURCE code and continues the project.

Also, not sure if trolling, so good job ;)

Haha, indeed!

And Sunny King just posted that, which shows he's not the only one working on Peercoin:

" - Based on the consensus of project leaders of the community, I am happy to announce that sigmike is now sharing responsibility with me in the Peercoin core-dev team. Responsibility of core-dev team is maintenance and development of peercoin protocol and reference client implementation. sigmike has been a key member of the peershare project and peerunity project, who has also demonstrated exceptional knowledge of peercoin protocol and security.
- There are many more talented developers/contributors in the community project teams, so we are continuing to evaluate and seek recommendations. Some of the key members are focusing on the respective project currently but could be joining the core-dev team at a later date. It's very nice to see the growth of peercoin dev community and the quality work being produced."

On the Peercoin weekly updates thread: https://bitcointalk.org/index.php?topic=114994.80 (https://bitcointalk.org/index.php?topic=114994.80)

Released this morning: the first Peershares client!
https://bitcointalk.org/index.php?topic=656413.0 (https://bitcointalk.org/index.php?topic=656413.0)

Good proof that this is not vaporware :P