**** Bitcoin Conference Miami Questions ****
Hey guys, if you see a post from either myself or Kattywampus over the next 72 hours, please make an effort to address any questions ASAP. As meetings come up or summaries needed for projects, we'll kick them here and the Nextcoin forum. The more responsive the community is during the conference, the better the results.
I am writing some materials for you, is still a time?
|
|
|
I'm interested...may be that NXT with a fair distribution (and cleaned up code) may end up taking off.
funny, Nxt's open distribution was 61 days long. This guy wants to have it only for one week.. NEX is probably the most unfair IPO then
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. This is a real and fair Nxt distribution, do not listen to his liar. Ok... I will accept the explanation of the unclaimed accounts. However, you still have 40% going to 8 accounts. Are these dev. accounts? Q: how many bitcoins are you going to contribute? (Are you going to keep the coins you contributed yourself? Or you will take a creator cut (certain %) BCNext:: I don't know how much I will contribute. This depends on the price of Bitcoin and some other factors. These bitcoins, like the others, will be used to pay bounties for development. No creator cut. What happened with the 21 Bitcoins?Bitcoins were required to determine how to split the stake among founders. That's why BCNext asked for tiny amounts. These bitcoins were used to fund development but they covered only part of expenses. When people talk about Nxt IPO they forget about this important detail. 21 Bitcoins were used as a token amount. They didn’t represent any real world development costs. BCNext did everything only for the people, not for the money. The original funding period was open for over a month and a half. That was more than enough time for everyone who wanted to invest to invest. The only reason he only collected 21 BTC was because there was very little interest. No matter when the IPO period ends there will always be people who are "left out". You could conduct the IPO over a period of a thousand years and there would still be people "left out".
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. Hmmmm.... okay.... still you have 8 accounts that is 40%. What about those accounts. Who did it go to? to everyone who paid 1 Bitcoin Okay... did the original devs get any coin? Is so, how much? Q: how many bitcoins are you going to contribute? (Are you going to keep the coins you contributed yourself? Or you will take a creator cut (certain %) BCNext:: I don't know how much I will contribute. This depends on the price of Bitcoin and some other factors. These bitcoins, like the others, will be used to pay bounties for development. No creator cut. What happened with the 21 Bitcoins? Bitcoins were required to determine how to split the stake among founders. That's why BCNext asked for tiny amounts. These bitcoins were used to fund development but they covered only part of expenses. When people talk about Nxt IPO they forget about this important detail. 21 Bitcoins were used as a token amount. They didn’t represent any real world development costs. BCNext did everything only for the people, not for the money. The original funding period was open for over a month and a half. That was more than enough time for everyone who wanted to invest to invest. The only reason he only collected 21 BTC was because there was very little interest. No matter when the IPO period ends there will always be people who are "left out". You could conduct the IPO over a period of a thousand years and there would still be people "left out".
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. This is a real and fair Nxt distribution, do not listen to his liar. Ok... I will accept the explanation of the unclaimed accounts. However, you still have 40% going to 8 accounts. Are these dev. accounts? Come-from-Beyond said he paid only 0.1 Bitcoin
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. Hmmmm.... okay.... still you have 8 accounts that is 40%. What about those accounts. Who did it go to? to everyone who paid 1 Bitcoin
|
|
|
you can compare the relationships, right? 0.14 is 2x bigger than 0.07 in Nxt, but similar table - 0.087 is 17x bigger than 0.005. Or not?
|
|
|
everyone who knows how to use a "Search" button
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. This is a real and fair Nxt distribution, do not listen to his liar. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIc0UKKv.jpg&t=663&c=vOCSk6j-ejaG_A)
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. This is a real and fair Nxt distribution, do not listen to his liar. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIc0UKKv.jpg&t=663&c=vOCSk6j-ejaG_A)
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. This is a real and fair Nxt distribution, do not listen to his liar. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIc0UKKv.jpg&t=663&c=vOCSk6j-ejaG_A)
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. This is a real and fair Nxt distribution, do not listen to his liar. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIc0UKKv.jpg&t=663&c=vOCSk6j-ejaG_A)
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. This is a real and fair Nxt distribution, do not listen to his liar. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIc0UKKv.jpg&t=663&c=vOCSk6j-ejaG_A)
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. This is a real and fair Nxt distribution, do not listen to his liar. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIc0UKKv.jpg&t=663&c=vOCSk6j-ejaG_A)
|
|
|
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of: 170486123 <--- 170 million Nxt
Looks like 9 guys have a lot of stake.
170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January. This is a real and fair Nxt distribution, do not listen to his liar. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FIc0UKKv.jpg&t=663&c=vOCSk6j-ejaG_A)
|
|
|
gimme an ID, I dont know about it. this is fair and normal distribution ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2F8%2F8c%2FStandard_deviation_diagram.svg%2F400px-Standard_deviation_diagram.svg.png&t=663&c=a4U-jc11ri_50g) Yes, that means the majority are in the mean. With Nxt, 9 accounts holds 57% of all coins. I am just saying that a more fair distribution would be better. nope, there was no acc with 170 mega. show ID Here it is: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10105875265190846103Look at amount in and amount out. What's wrong with the unclaimed coins account? Go to school... Or church
|
|
|
nobody owned acc with 170 mega. there were 8 original stakeholders who during 61 long IPO paid Bitcoin. Others paid less... Where is the problem? Everyone had 2 months to jump in.
The distrbution should have limited the maximum for each person. maximum was 1 Bitcoin. If there were 1000 people who paid 1 Bitcoin each, they would get 1 mega for 1 Bitcoin. Can you read?
|
|
|
gimme an ID, I dont know about it. this is fair and normal distribution ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2F8%2F8c%2FStandard_deviation_diagram.svg%2F400px-Standard_deviation_diagram.svg.png&t=663&c=a4U-jc11ri_50g) Yes, that means the majority are in the mean. With Nxt, 9 accounts holds 57% of all coins. I am just saying that a more fair distribution would be better. nope, there was no acc with 170 mega. show ID
|
|
|
nobody owned acc with 170 mega. there were 8 original stakeholders who during 61 long IPO paid Bitcoin. Others paid less... Where is the problem? Everyone had 2 months to jump in.
|
|
|
gimme an ID, I dont know about it. this is fair and normal distribution ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fupload.wikimedia.org%2Fwikipedia%2Fcommons%2Fthumb%2F8%2F8c%2FStandard_deviation_diagram.svg%2F400px-Standard_deviation_diagram.svg.png&t=663&c=a4U-jc11ri_50g)
|
|
|
|