Problem with POS currencies is not the distribution per se, but the fact that probably 3-4 people control 75% of network as in POS your stake determines your importance to network.
Hi atoni Your estimation seems to be off, please take a look at this chart: http://charts.nxtcrypto.org/cNoOfAwardedForgers.aspxThe 800 blocks that are forged daily in Nxt, are forged by 100+ different accounts. Which means: There more than 100+ forging nodes, but not all of them forge a block every day. Your logic seems to be off. My post meant that 75% of network is controled by a couple of people. That means security. And regarding accounts, I am pretty sure that many large holders dont hold everything on 1 account. |
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Hello again Atoni  MGW isn't a centralised exchange, the software keeps the funds safe in small amounts in a large number of accounts. There isn't one account to hack so as long as you can run servers, you can run this almost decentralised exchange. And the code has been release with Universal Multigateway (uMGW) so any crypto community can run their own cluster of MGW servers. Can anyone provide any proof for these claims about who holds what? The blockchain would be a good start. I think I asked you this last time *waits to be ignored again...  * There are scams on the internet, do you blame the internet for these? Nxt AE is a platform. Each promoter of an asset has to convince the investors that they are legitimate, there is no central leadership in the Nxt Community. So there is no endorsement of any assets. Buyer beware, but you are right. There are a dozen or so excellent projects on there. Re: the trading competition that jl777 ran for the launch of polo, you ignored my last reply. But more importantly, did you actually offer 10k NXT bounty to next community to artificially fake volume on poloniex ( https://nxtforum.org/general-discussion/price-speculation/msg66820/#msg66820), while at same time setting price 100% higher then on nxt ae and unloading it to nxt members that went for bounty....at 100% profit on arbitrage? LOL (lol is meant for faking volume, my condolences to nxt members that actually fell for that gimmick). How is it 'fake volume' if people are trading for profit in their own interest? Does an instant win promotion in potatoe chips with a $200 prize create 'fake sales"? You're reaching Atoni... There have been half a million Nxt traded on the AE in the last 24 hours (htttp://nxtreporting.com/assetcap.php), is there another decentralised exchange that is more successful? So you say its almost decentralized.......its either decentralized or its not. Being that its stored on 3 computers most likely in same room seems very centralized to me. I am sure larger bitcoin exchanges run on more computers than that. My proof for distribution is what James said in that article, that 250 million of nextcoin was released which means 75% is still held. I am very sure all bigger next holders (there are probably only a couple of them) know each other very well so James wasnt lying. I was talking about scams in terms of market cap. If wind took out those scams as market cap he would get a lot different picture. How is it not fake volume if he writes.....We need to get volume up there, I will pay 10k to person with most volume? (we have seen how the volume ended after his "promotion") Last time when it was on coinmarketcap it was at 87 USD volume. Yes there is another decentralised exchange more succesful, Ripple, check the volumes that go on within Ripple network. |
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Beware of the Nxt shills. They need YOU to make them rich. They will say ANYTHING to get you onboard. The facts are in the OP. OVER 3/4 of the Nxt supply is held by a small group.
He's right. There is actually a huge community of shills - about 1000 of us. We hang out here --> www.nxtforum.orgHere you will find out everything you might want to know about the release of our Digital Goods Store, Multigateway Decentralized Trading Exchange and Decentralized Asset Exchange. You sound brainwashed. Look at the bigger picture. You will never get rich on Nxt if that is your intention. Actually, you sound a little brainwashed.  Nxt will most likely have a larger market cap than Litecoin in 6-12 months. Potentially sooner. Nxt has a world wide media campaign going into effect soon. It will be 2nd in market cap only to Bitcoin. Its just a natural law based on the momentum that is occuring in its eco-system. There are many things that can't even be discussed publicaly in detail at this point - like brick and mortar banks that have approached the Nxt eco-system regarding real world global business transactions. So, I don't know if it will get someone "rich" - but seeing an investment grow 10-20x in 6-12 months. I think a lot of people would be happy with that. I presented up to date facts on why Nxt is a scam. You present brainwash dribble about all of these great future plans and how your overlord will reward you with second place on coinmarketcap LOL. YOU are the zombie. I applaud you though. You almost got that sales pitch word for word from when it was dribbled to you. For instance, the Nxt Asset Exchange has multiple Assets that have a market cap that would be in the top 50 of all current alt coin market caps. The total market cap of all current assets is over 20 million$. And it really hasn't even been released (marketed) to the public yet. Since Nxt carries value from being the currency backing this platform, Nxt is already undervalued. Any other company that supported a $20 million market place in its first 6 months would be valued above $50 million if it were a venture capital investment. Nxt current market cap is probably equal to somewhere in the $100 million - $150 million range today, based on its utility of the asset exchange alone. Meaning, conservatively speaking, Nxt is currently undervalued by about 200-300%. Market conditions will close that gap eventually. And more likely sooner rather than later. Actually nextcoin asset exchange is very well marketed. people from community try very hard to spam each thread on this forum to inform everyone about it. There is around 170 assets out of which 160 are scams. If you take this out of what you calculated what is current market cap of assets? Not to mention that JL777Hodl paid people to pump up the price on poloniex so he can dump it on poor polo noobs. Also, market cap of those assets means very little since there is no way to sell any of it because most of order books are almost empty. |
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IMO you will probably get rich sooner on POS then on POW currencies since there is no sell pressure from miners.
But bigger problem are all cryptos in total since bitcoin doesnt make too much fuzz in the world anymore so everything is falling.
It could very well mean we are at the end of crypto train. We will see
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Problem with POS currencies is not the distribution per se, but the fact that probably 3-4 people control 75% of network as in POS your stake determines your importance to network.
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Beware of the Nxt shills. They need YOU to make them rich. They will say ANYTHING to get you onboard. The facts are in the OP. OVER 3/4 of the Nxt supply is held by a small group.
He's right. There is actually a huge community of shills - about 1000 of us. We hang out here --> www.nxtforum.orgHere you will find out everything you might want to know about the release of our Digital Goods Store, Multigateway Decentralized Trading Exchange and Decentralized Asset Exchange. Multigateway is not decentralized. Its held on 3 computers of Devs who never in their life run currency exchange. So its centralize amateur currency exchange. |
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I vote NXT
As you should, it is one of the few that are not a quick ponzi scheme. Actually nextcoin is exactly ponzi. Since there is no way to acquire it other then buy from current holders last one that buys before pyramid collapses loses. That is exactly the definition of ponzi. |
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Bitcoin isnt making any more news of people making money with it so there is less new fiat in crypto. Alts get even less attention as they are only used to gamble on to increase your btc holdings.
IMO only coins that actually solve some issues will be worth. So far even BTC didnt solve any major issue so entire scene looks quite grin at the moment.
But it could be summer time is influencing too, old saying says Sell in May and go away.
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Does anyone think that Boolberry is currently undervalued?
Its fully mined market cap is $3.9 million, of which $3.6 million still needs to be mined, and thus, invested. If you believe the price should be, let's say 5 times higher, you are counting on: - other people will invest $18,000,000 to the newly mined coins - this includes no current owners selling, and no additional value increase in the period of 5 years. Really? How much is monero's fully mined mkcap and how much money is needed to support price from miners selling pressure? Thank you The total coin supply for XMR is 18.4m (plus some likely small perpetual inflation to support mining) so the fully-mined market cap is 18.4m times the current coin price. That would be around $46 million. The current market cap is around $6 million so what needs to flow in is the difference: roughly $40 million. My previous comments about speculative bets apply equally to XMR. I see, thank you. Sounds like a lot of money is needed to keep current price |
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Is there any chance that URO trade marks Shitcoin? So far its the only coin that can claim that name. That would also mean a lot to community since all other coins would be forbidden and we would not have to break our heads with investments.
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Does anyone think that Boolberry is currently undervalued?
Its fully mined market cap is $3.9 million, of which $3.6 million still needs to be mined, and thus, invested. If you believe the price should be, let's say 5 times higher, you are counting on: - other people will invest $18,000,000 to the newly mined coins - this includes no current owners selling, and no additional value increase in the period of 5 years. Really? How much is monero's fully mined mkcap and how much money is needed to support price from miners selling pressure? Thank you |
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How often is the status of this site updated? Is it a daily trend buy/sell/hold or a long term view?
No matter how often its updated, im doing exactly opposite of what they say. Opposite of what? Long or Sell? He should also put hold somewhere in between  |
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observe the trend of XRP from Dec 26th to now SELL (long)
Are you aware that you are saying Long for Sell? |
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Wow, this looks awesome! I hope you can make it work.
You should probably focus on top20 currencies, although those are changing all the time as flavor of the month changes.
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Finally a coin with cool and informative name.
Interested and following!
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It was aimed at atoni, I don't care how big your dick is. I correct FUD wherever I find it.
How was it a fud? there order books are completely empty but the most funny is how they claim to have 300 btc volume lol |
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I dont think you crypto geeks get it wrong, your op is perfectly right It seems only coin that meets your criteria is wankcoin, you can actually use it for something while infront of your pc coding |
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It is sad that in http://coinmarketcap.com/ NXt is now in 4th position.May be when ethereum will come it will take nxt's place and nxt will go further more down.  Sorry if its stupid question, but why would you hope nxtcoin gets more expensive? then transactions are more expensive and nxtcoin assets are more expensive. Isn't it more logical to hope for price to go down? I bought 9BTC of nxt when it was price 0.000091. Cool, then for you is better if it declines so you can buy more |
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The best is to start your own pump, then you know before it starts and also when dump will begin. Dont choose coins with a lot of fud to pump as these are hard to sell, and dont choose to big ones as you need a lot of money to pump them....and you will do just fine |
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