Disagree, in September/October, the early adopters pitched in 0.00000021 BTC for all 1 billion coins. Now they're going for 600,000% what they originally paid for.. And this was in just 1 month. For something that's not open sourced yet, and unproven theory. This is highly overvalued. The early adopters are all probably hoarding the coins and only a few are being sold on the market, thus causing scarcity. And people can't do simple math and don't even realize that's what they're paying for these 1 Billion coins that already all out in circulation.

People are just not aware.

CoinMarketCap Equation: Number of Coins in circulations * current price.

Take Peercoin, it still has many years to go to obtain its maximum number of coins in circulation.

With nxt, you got to the maximum (1 billion) right away. How much of that 1 Billion do you think is truly liquid? Meaning, how much could you actually sell over a few days without plummeting the price? Not much. If there was a way to calculate the liquidity of Peercoin, it would probably be higher. All I can say is that in September-October, people poured 21 BTC, or $4,000 into NXT, and to say it's now #3 on MarketCap because all 1B coins are in circulation is misleading.

CoinMarketCap should incorporate market depth into its equation, and not simply use no. of coins * curr. price.

My concern is this:

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each, give or take (assume equal distribution)
at 21 BTC Total (in october... lower prices than today USD wise)
0.000000021 BTC per coin
current market rate is about 0.00008500

So, it’s that’s about 4,000x, or 400,000% more what the early adopters paid for for ALL the coins (they OWN the complete supply) EVER to be generated? And it has only been 1-3 months? And all coins - ALL 1 BILLION coins (give or take) - were obtained at this rate. Are you serious? 400,000% return per coin sold in 1-2 months from genesis? For a solution that's not even open source? Now, this sounds too good to be true.

But, I'm not accusing anyone, just saying I'm VERY skeptical of the 400,000+% increase in value in 2-3 months. It's too high. And the exchange plays a role in this, too, especially being the only monopoly in the market. I don't know who's doing it, either the exchange, or market participants, but the I would guess the volume traded is not the actual volume of actual real trades between unique investors, and this inflated volume gives it credibility as a "market cap" of $80M.

It also threw me off when the exchange did not allow me to put an order in at .00000300 (my own fair estimation), since it was more than +/- 30% requirement. Price controls, but I see how it could be a safety measure, I understand. Still, not my idea of a free market.

Finally, I think the coinMarketCap capitalization of NXC is unrealistic. I mean 21 BTC were put in in September-October, so no more than $4,000 total. So now according to coinMarketCap, NXC is worth $82,000,000 (or 2,000,000% growth in 2 months). Again, this is coinmarketCap's mistake, and my hypothesis is the trading volume is unrealistic and some people are putting in trades to increase the volume... Did we have $82M poured in? Definitely not.

Some people are making a shit ton of money on NxC and some fools are paying way too much for them. It may be a really good idea in the end, and I'm curious to see how it plays out, but in my opinion, currently it's way overvalued. I'm trying to get people to do some simple math and stop buying this thing at 400,000-500,000% of original stake, for something that hasn't been peer-reviewed nor open sourced. Probably the biggest bubble I've ever seen in my life, or the biggest price/volume mis-representation.

What's your definition of "source code". A Hello World app? Maybe. I'm talking about a fully fledged DECENTRALIZED currency implementation. Is Nxt decentralized?

Show me the code. I'm just very skeptical. Don't see how people would be paying 400,000% over original IPO value without seeing any source code. It's not that hard to develop a Java webapp to handle a few transactions on a network. Creating a fully decentralized currency from scratch, however, is not a piece of cake. Look at freaking ripple, and they have over 25$ million invested by Google Ventures and others. And their returns? Not much. We'll see. My prediction is comes January 3rd, there is no source code. And then selling commences.

https://www.youtube.com/watch?v=5oFXCXQpJXI

I'm not trying to shut this coin down. If it's legit, then awesome, let's wait and see. But I think that people are too lazy to do the math and don't realize that they're paying 420,000% more then what early adopters paid for it 1-3 month ago (whatever the number is). And on the exchange, the numbers look good. But, they don't stop and see that all the coins HAVE ALREADY been generated (yes, it's supposedly part of the POS, which is cool and all).

If you don't mind, I'll just keep reminding people that

0.000000021 BTC per coin = price of all 1 Billion coins paid for by 73 adopters (all already out in circulation with just 21 BTC worth of work)
0.00009 = current price

420,000 % return in in less than 3 months.

People... stop paying so damn much for these coins. At least wait for the sources to be released and peer reviewed.... Currently, it's a centralized currency.

Dude, at 500,000% return, this is pure speculation. People are gonna get real hurt when they find out about this. How can it already have 500,000% when it doesn't even have the open source code out yet? I mean if the code was released, and it was amazing, and then it hit 500,000%, then I would understand. But as of now, either A people re stupid and didn't do the math and are just throwing whatever they feel on it. Or B, there's a serious price manipulation going on with this exchange.

Just withdraw my BTC from DGEX, too much risk with this, will watch and see. If this proves to be a legit crypto, then will invest.

If I could buy this at 1000-5000% of what original investors paid for it, then I would.

But it's at 500,000%, and its only been a month.

Dude, this isn't even open source. At least DOGECOIN is open source. It's like ASIC vaporware

Yes, and show me where Google or Facebook, had 500,000% returns in a month??? This is too good to be true. I'm going to keep informing the public of this number, and maybe people will see that they're paying way too much for these coins for something that isn't even open source. I'll keep an eye and watch how this coin plays out. It's interesting if it comes out to be true. But at this point, it just sounds too good to be true.

Before pre-launch: 1 BTC ~~ 50M NXT
Right after pre-launch: 1 BTC ~~ 1M NXT coz risk went down (50x less)
1 mo after pre-launch: 1 BTC ~~ 0.01M (5000x less)

YOU GUYS. 5000,00% return in 1 month, are you nuts.

Yes, but Bitcoin's been around for over 4 years now... You can't really make that comparison. Go back to when Bitcoin was started, and see how much it rose in 1 month, NOT 400,000%. It was probably under 30% as Bitcoin didn't kick off after many many months, and still never at 400,000%.

400,000% returns in 30 days we're talking here. If early adopters were making a reasonable 1000% in a month, then I think that may be worth the risk. But I believe the public is totally unaware of this 400,000% figure.

Also, I believe the exchange shows an artificially high volume and traffic, which leads to an artificial market capitalization. I can't prove it, but I bet a lot of the exchange activity is actually auto-generated. Indeed the last couple trades I saw were made in nice, even numbers of 500.
 
Also, the exchange has price controls and doesn't operate based on free markets. The price can easily be manipulated on the exchange, especially one with no history, and already seeing the price controls. I think the volume is inflated based on constant trades going on 500, etc. I bet that price is highly over-inflated (duh, 400,000%) and that volume is also highly over-inflated (from fake orders), which is why it shows up on CoinMarketCap as a legit number.

So, let me get this straight

1,000,000,000 (1 billion) initial coins
73 initial adopters
so roughly 13.7 Million each (assume equal distribution)
at 21 BTC Total
0.000000021 BTC per coin
current market rate is about 0.00008500

So, it’s that’s about 4,000x, or 400,000% more what the early adopters paid for? And it has only been a month? Are you serious? 400,000% returns? Now, this sounds too good to be true.

Am I missing something? So, at the only exchange trading Nxt, us regular folks have to pay 400,000% more than what early adopters paid for? Too bad fools can't do simple math. Correct me if I'm wrong!

I went to put an order in for 0.00000300, (That's still 14,200% more than what early adopters paid for), and the exchange WOULDN'T let me, saying that I can only put an order at maximum +/- 30% of last hours price... WOW

Does anyone want to sell me some Nxt's at 0.00000300 each? PM me, since I can't even put the order in on the exchange.

Seriously, I hope people are doing some maths on these numbers and aren't just buying these blindly. I'm all for great ideas, and this sounds great on the face of it, but 400,000% returns in a month is unreal. Prove me wrong.

Last November, I asked this question, and some people responded optimistically with 90+%. What do you guys figure the probability is at now? I'm thinking 40%.

I'm glad it has these problems as I"m just getting in on it. When these issues are fixed, it'll go through the moon....

FIX: No block source sources found
Fixed, you need to create a file where Unobtanium was installed, in my case, the file to create is C:\Documents and Settings\username\Application Data\Unobtanium\unobtanium.conf

This is what mine looks like:
unobtanium.conf:

rpcuser=abcabc
rpcpassword=abcdcs
rpcport=65535
port=65534
server=1
listen=1
daemon=1
rpcallow=*
addnode=71.7.130.11
addnode=69.85.86.195
addnode=p2pool.org:65534
addnode=76.84.37.38
addnode=93.152.158.245
addnode=192.99.9.229
addnode=69.147.229.226
addnode=71.63.127.88
addnode=162.243.43.190
addnode=92.5.110.254
addnode=173.175.73.53

Having same issue.

Hi, I'm new to UNO. I like the concept of it being pretty rare. But I beg to ask, when all these coins are mined, then the network will solely exist on transaction fees, correct? Are people pretty confident that it will be secure enough at that point? I realize Bitcoin is in a similar boat (will only survive on tx. fees), but at least it has first mover advantage... Please help me overcome this.

Why is CoinedUp NKA node down for so long?

KNC responded that they don't support 3rd party sales and will not do ownership transfers... Yeah I give up trying to sell this. I also think the offers on here are not fair. I genuinely think it will be able to mine back 20 bitcoins. Anyways. Sorry it didn't work out.