Filed a complaint with IC3:

http://www.ic3.gov/default.aspx

The only break I'll give HashFast is if they ship by tomorrow. I don't care if it arrives Jan 5-6th, that's reasonable. If the tracking number says 31st, then I won't be taking action.

Filed another complaint with FTC:

https://www.ftccomplaintassistant.gov/GettingStarted?NextQID=203&Url=%23%26panel1-6

Please do it! They promised BTC refunds for those that paid in BTC, demand them. Especially if you were an early August purchaser. BFL got ZERO complaints. When complaints are entered, the FTC or the AG will actually contact HashFast and figure out what's going on. When they have the Attorney General, or FTC on the phone, they'll know that things are getting serious and will have to watch their tail. We are not taking the loss for them. Period. It was their poor business decision to promise us something that they now are trying to cover up. With the amount of sales that are coming in for Batches 2-5, they should be able to compensate Batch 1 customers with the BTC if they paid in BTC, but they're trying to mitigate their loss as much as possible.

For those who are screaming "Haha you fools, it's USD refunds" just stop trolling, you're not in our shoes. We know what we were promised. We made our decisions based on these promises. Things may look ridiculous now that the exchange rate is so much higher, but that's irrelevant, it's all about BTC ROI, including the MPP, USD rate is irrelevant. Same case could be if the exchange rate was lower, too.

Filed a complaint on: https://oag.ca.gov/contact/consumer-complaint-against-business-or-company

It's really easy to do. Took me 5 minutes. If you're lazy, copy and paste what I wrote and insert the address. Again, I did this very quick, so perhaps you or someone else can write a more eloquent statement. My only complaint is that they changed the refund to be USD-based when they promised BTC-based for those who paid with direct Bitcoins, especially for those that paid before August 15th...


FILE IT. The more complaints they get, the easier it will be in court, if they don't act according to their promises.

Filing the FTC complaint now, too.

Redistribution continues, buyers pulling back:

[order book snapshot via google spreadsheets as of today 12/30]

[via google spreadsheets]

People who think the price too high, or unfair distribution, etc -  there’s really not much you can do to convince stakeholders otherwise (or according to rickyjames the top 51 accounts with over 78% of all NxT's) - conflict of interests, beating a dead horse. And they have that right/privilege, and I don't judge them for it. I'd be doing the same thing. But, the stakeholders, and all NxT holders for that matter, can’t exist in the long term without attracting new buyers - buyers have power, too.

The only impact you can really make, as a new buyer, is to choose to buy them at a price you're comfortable with. Bring down demand to what YOU believe is the right valuation for NxT, especially since no new coins can be obtained/mined as with other coins. What do you think it’s worth today? Everybody has their own number. Others just follow the herd and buy at market - poor strategy.

People talk of strategy, and this is mine: two months ago, all 1 Billion coins were acquired at about $4,000 between 73 people. Today, two months later, what do you think all the 1 Billion coins should be worth today? 100x? 1000x? or what current levels say - 4000x-6000x, or $40-80 Million in total? My personal number (and it's not the holy grail, just my opinion, and I put my mouth where the exchange is via a limit order) is 1000x - that’s a 100,000% 2-month return for original risk taken, for something where the source hasn't been released to the public - still pretty damn good - can you name any asset that achieved such a return in 2 months, or even close?

Fair or unfair, I don’t care - this is crypto-capitalism, and such talk of fairness is weak, but everybody has their number as to what they believe is a reasonable return, i.e., a reasonable valuation, for NxT, i.e., a reasonable price to pay if all the information is made aware to the public and is easily obtainable (such info as original IPO amount of $4,000). My number is around 1000x, so that would mean a price of about .000021-.00004. So, that’s what I’m waiting for. Yeah, I still have a small position, and managed to just get some .00006, but I won’t be investing more until it goes back to those levels. And I bet other potential investors sitting in my shoes are thinking something along these lines. At least while the technology is still closed source and has not been peer reviewed by a wider audience, 1000x is plenty.

Don't be hating on me for having an opinion, and calling me out. As long as the price stays in the 3000x-6000x levels, I'll keep reminding potential new buyers of the information they may not have been able to obtain themselves - and the choice is up to them whether to buy or not. Indeed, the market seems to be responding in my favor, whether my babble had any effect or not. I might be the big elephant in the room, but I'm not the only one with these opinions - others have noted similarly, perhaps less bluntly.

That is such an misleading statement. I can make 100 deposits and 100 withdrawals on DGEX and it's still the same person. You gotta check the unique addresses, and verify that they actually belong to unique individuals. I'm not saying that the number could be close to that, or higher, but you can't make these assumptions based on number of deposits/withdrawals alone.

+1

I'm just somebody that would like to invest a few thousand dollars worth into this coin. But by doing the math on the growth in the last 2 months, and also understanding that all 1 billion coins have already been generated, the 600,000% price differential to original IPO investment is concerning to me. At these levels, this coin's name should be named GreedCoin. I feel bad for the few that bought this coin at such a premium without doing the math themselves. I hope these people aren't defending the price as a way to hold on to a foolish/bubbly buy. I think other potential serious investors probably have the same mentality as me, and yes, we will just patiently wait and see for the price to correct itself. And if it doesn't...

Once the source is released, perhaps someone else will come up with a better distribution scheme. And if the source isn't released, then what do we have?

How is this coin different from the central banks today, that can just print billions of dollars and distribute it to the few lucky ones born into the family (or lucky to have seen the bitcoin forum post at the time)? And these bankers then throw bounties at the population, business loans, free money, that eagerly will work hard for these these printed dollars, dollars that the original stakeholder didn't work hard for? 1 Billion coins, created from thin  air, owned by the few. Throwing these coins around like water for bounties, translations, development efforts.

Centralization in disguise of decentralization. Scary thought. I'm out. Be back tomorrow.

For a currency to succeed, it needs to be used and accepted by lots and lots and lots of people. If you own NxT, it's in your best interest to listen to potential investors' concerns. Your mentality "If you don't like this, then stay away" is not gonna fly in the long run if you want this currency to succeed.

6933627427271736687

Thank you.

Well guess what, if you want other people outside of your little elite circle to join your circle, i.e., invest, and actually use the currency to trade for actual goods and services, and not just a get-rich scheme, then maybe you'd want to listen to their concerns. Your choice. I already did invest a little, about 10% of what I would like to invest. And I'm seeing the price dropping, good. Waiting on it some more.

Yes, for $4,000 worth (21 BTC in October-Nov) of risk split between 73 people that received 1,000,000,000 (1 Bil) of Nxts.

Easy to say for people on the other side, but for those who are looking to get in, you should have a little empathy.

You should post in the video that NxT's are going for 500,000% of what they sold for by the original democratically selected stakeholders. And then stress that in a month or two, you'd have to use Mega percents because that's how rocket fast this is growing!

Seriously? How can you downgrade a technology that's been open source for 4 years and has been tried and tested by many of the world's top crypto-experts, and then compare it to a closed source technology that only a few have been able to peer-review? Seriously, let's not get too ahead of ourselves.

You think there's a reason why Sunny King wasn't able to achieve 100% proof of stake. Has Sunny King voiced his professional opinion on NxT? Or is HE the creator of NxT

I am buying them, I think this idea has potential. But I've only invested about 10% of what I would ideally like to invest. But not at this price.

The same foolish buyer that will be panic selling them.

Cheap coins? If that's what you call them. I don't want to pay 6000x what the guy selling them to me paid for them 1-2 months ago.

Yeah, well if there's no demand (people buying up at a high price), then those who want to sell will have to offer less. basic economics.