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1701  Alternate cryptocurrencies / Altcoin Discussion / Re: [PETITION] DEMAND That Nxt Release Source Code on: January 19, 2014, 01:39:24 PM
1702  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NOX extends the dark side of NXT on: January 19, 2014, 01:32:18 PM
I think without :: it probably will not work..
1703  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 12:28:40 PM
I am so proud on a good idea to distribute the demythologization of the Nxt Myths Smiley
If this would be NXT without the very questionable initial distribution (and potentially more improvements over time compared to NXT because of opensource and more developers), then count me in. May be very interesting.
Q:  How would you solve problem with scam accusations according to "unfair" distribution Nxt to 73 big stakeholders?
BCNext: “This problem can not be solved.  Even if we had a million stakeholders the rest seven billion people would call this unfair.  A world with the money can not be perfect.”
That was a very bright reflection. Creds to this dude for putting sucha stupid statement in sucha serious way.

Yep. It's, called Capitalism. You have to have people at the top if you want people at the bottom, and without people at the bottom, there wouldn't be anyone at the top. The bottom want to be at the top, and the top don't want to be at the bottom. Of course it's unfair. It's Capitalism.

Based on the facts:

I just saw I had published Myths n. 2 without some text, so here it is all:

Q: „Do you think the unequal distribution of bitcoin / big gains of early adopters / will be a deterrent in a more widespread adoption of bitcoins?“
A: „No. Early adopters get bigger gains (as they should) because they take on bigger risk. A bitcoin can be divided into 100 million pieces, so I don't see divisibility or distribution as a problem.“
Cameron Winklevoss

The distribution of Nxt has many phases:

       Original IPO (1 NXT = 2 Satoshi)
       First week (1 NXT = 100 Satoshi)
       Second week (1 NXT = 400-2000 Satoshi) - first exchange
       Next month (1 NXT = 3000-6000 Satoshi) - aliases
       February (?) – distributed exchanges, stock exchanges (?)
       March (?) – transparent forging (?)
       April (?) – colored coins (?)

The distribution of NXT is very fair because it still continues. Now it isn’t in hand of one man, but it is a community effort. BCNext gave us a long time to get on the train.

If all coins are in existence already, doesn't this make the original holders of Nxt very wealthy?
Potentially. The original stakeholders of Nxt all made an investment of Bitcoin to seed their holdings, however, with no promise of any kind of success or return on investment.[1] In order to get more users they started to sell their stakes in undervalued prices and also they spent tenths of millions on bounties or giveaways. And BTW – who are original stakeholders? These who paid 2 Satoshi? Or 100? Or 400?

Q:  How would you solve problem with scam accusations according to "unfair" distribution Nxt to 73 big stakeholders?
BCNext: “This problem can not be solved.  Even if we had a million stakeholders the rest seven billion people would call this unfair.  A world with the money can not be perfect.”

Why was the launch of Nxt speeded?
Come-from-Beyond: „BCNext explained why he speeded up the launch. He wants the stake holders to make all important decisions“.  
BCNext: “I wanted Nxt to be launched by the community, not by a single person.  Success of Nxt is supposed to be achieved by work of a LOT of PEOPLE.”

When did Nxt really launch? Was it really in the day when the Billion NXT was transferred from the Genesis account to the original stakeholders? The IPO had been running for weeks in November 2013. In first days NXT cost 100 Satoshi. In first weeks of the December the price of Nxt was still about 400 Satoshi. Then 1500, 2000, 4000 before Christmas and if we don’t count the first bubble, we came back to the original 4000 in the middle of the January. But still – we have really bad client. Nxt is not yet traded in any of the big exchanges. There are many features – already programmed and tested – but they still weren’t implemented why?

Because we are still in a Beta. The launch wasn’t in November 24, it wasn’t in January 3, it will be in February/April. We all - 15.000 Nxt users - are beta original stakeholders. The distribution of NXT is extremely fair. The IPO still continues. We haven't launched yet. We can forget about some 73 stakeholders... Now everyone has an opportunity to jump on the train... and also to drive him! Why Nxt doesn’t use all features now? Because CBNext’s plan is to bring as many as possible users before the real Nxt will be released. Then we will have – more users, more features, all source code, but most important – this launch will be leaded by all Nxt community. This will be made by decisions of stakeholders. The success of Nxt is now supposed to be achieved by Nxt community, not BCNext.

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.

Smiley
1704  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEXX :: descendant of NEX :: descendant of NXT :: descendant of Bitcoin on: January 19, 2014, 12:10:19 PM
I would like 2 million please
1705  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] NEX :: descendant of NXT on: January 19, 2014, 12:05:54 PM
People paid for their NXT.  That was fair.

With Nex, anyone can create multitudes of accounts and get more Nex.  Don't tell me that you're going to base distribution on account history either.  Anyone that knows anything about this forum, knows that there are many accounts with long histories that are controlled by ONE person.  Also accounts are bought and sold routinely.

I'm sure the OP controls many accounts with long histories and will claim the majority of the NEX for himself if he gets people to support his scam.


A very small amount of people paid for their NXT you mean, while the rest were unexpectedly cut off much earlier before the announced date (3/1/14) in order to create an artificial shortage (Apple tactics anyone?).

What the OP is imho doing, is showing that all NXT value is based on pure speculation, as it (probably) unable to accumulate a such high value within a such a short time period. There is quite little difference between 140$ (1 BTC on Sep' prices) and cost of time invested in forum posts.

All NXT value is based on 1000 pages in the thread
1706  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 11:15:53 AM
Apologies to author of vanitygen, this is all conjecture on my part and I do not know if the previous unsolved theft had anything to do with vanitygen.

Author of the Vanitygen is Jean-Luc.


WARNING: For a given secret prefix, the passwords this program generates
are always the same. Therefore, using a strong secret prefix is crucial.
Anyone who can guess your secret prefix can use this program to also
discover your password
. You have been warned.

Unless you have a clue what the secret prefix of a particular account would be, it is extremely unlikely to find the password of a specific account.

so the mystery solved? the guy got robbed because he used vanitygen without a prefix. It also means we cannot know who the thief is, we can only check these money. But only if all 3 accs were created by vanitygen.
1707  Alternate cryptocurrencies / Altcoin Discussion / Re: [NXT] NextCoin coming to first major exchange - bter.com! on: January 19, 2014, 05:43:00 AM
fantastic news!

to the mooon!
1708  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 05:38:16 AM
Can I just thank the owners of 9596636314676722420 massively for their donations?

Very unexpected and very much appreciated. The support level amongst Nxters is amazing Cheesy

Yes, thank you kind donator. That's why I love this community, we support each other Smiley
1709  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT Ought to be Taken Seriously on: January 19, 2014, 05:20:14 AM
Personally,

the concept of Proof of Stake (POS) by NXT coin is interesting and different compare to Proof of Work (POW) used by Bitcoin.

I think during infancy stage, like Bitcoin, it would be beneficial and FAIR to everyone, especially miners to use POW concept.

Once reached a certain threshold, maybe 50%, 80% or 100%, then the concept of POS will be more relevant to sustained the network and miners.


Currently, in NXT coin the early stakeholders are hording all the coins and benefiting them only. There is very little volume and the TRUE value is not reflected as there is no liquidity in the system.

This is not a True and Fair concept of decentralized Crypto currency in the first place.

Hi tstang, I'd say volume is pretty good, given the very early (beta, in fact) stage Nxt is currently in. It will improve as more exchanges list it (Bter just added it today!) and as the clients and features mature.

Regarding true and fair decentralization, I think PoS offers more opportunity for decentralization because hardware costs are not a barrier to entry in supporting the network. And for distribution, things aren't as bad as you might think. Here are some more stats about Nxt distribution vs Bitcoin pulled from http://nxtcoin.blogspot.ca/2014/01/nxt-volume-history.html

Nxt
28.9% is owned by 0.07%
21.5% is owned by  0.14%  : 2x
24.8% is owned by  0.55%  : 7.9x
20.7% is owned by  99.76% : 1425x
vs:
Bitcoin
28.9%: 0.005%
21.5%: 0.087%  : 17.4x
24.8%: 0.98%    : 196x
20.7%: 98.928% : 19786x

Based on this I think things are looking very positive for Nxt.

Could Nxt have been initially launched with a better distribution? Probably, but it's far from terrible and getting better as more buyers enter the market. The community is very active, development is happening quickly, and support is growing. I think these will have more of an impact on Nxt's future than how ideal the initial launch was. These are also why it will be hard for a clone to compete with Nxt.

A simple question to your liquidity and market force on demand and supply.

Why it's NOT LISTED on TOP 3 Crypto exchanges ?

Please support the facts where you get the data for Bitcoin holders.

"Bitcoin
28.9%: 0.005%
21.5%: 0.087%  : 17.4x
24.8%: 0.98%    : 196x
20.7%: 98.928% : 19786x"

Bazinga

ROB WILE, 927 People Own Half Of All Bitcoins, in: Business Insider, December 10, 2013, [online] <http://www.businessinsider.com/927-people-own-half-of-the-bitcoins-2013-12>
1710  Alternate cryptocurrencies / Altcoin Discussion / Re: NXT Ought to be Taken Seriously on: January 19, 2014, 05:16:45 AM
I don't like the concept of the rich getting richer, which is why I also dislike PoS.

I think this is why you should like PoS. With Nxt's PoS forging, the ROI is the same percentage whether you invest $100 or $100000. This is as fair as it gets. Both investments will grow at the same rate. PoW mining such as that used in Bitcoin is not this fair. Why? Because the nature of hardware/electricity costs and economy-of-scale gives an advantage to the rich. For instance, they can buy 100 or 1000 miners (or manufacture their own!) for a much better deal than the little guy who can only afford one.

economies of scale is a real problem for pow cryptos. a person who invests 10 billion gets WAY more than 10 times as much hashing power out of that investment as someone who invests 1 billion.
you're a genius. Go on, I am saving all your citations Cheesy
1711  Alternate cryptocurrencies / Altcoin Discussion / Re: [ANN] [BOUNTY] NEX LOGO BOUNTY ! on: January 19, 2014, 05:10:31 AM
can I use logos similar to my iXcoin logo bounty contest? - https://bitcointalk.org/index.php?topic=369142.msg4574657#msg4574657
1712  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 04:40:01 AM
it is possible for somebody to see an acct published here, look it up in the blockchain website, see that it is worth cracking and then using a tweaked vanitygen to bruteforce search for passwords that match your acct number.
actually this time he got robbed from 1 vanity address and 2 non vanity addresses, right? - during 3 minutes
1713  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 04:37:21 AM
there is a “ ”(space) in my  passphrase  i have logged in https://localhost:7875 but  now i cannot log in it .the message "java.lang.NullPointerException" Prompts an error
why ?????
If you do not have there money (NXT), choose another passphrase. Smiley
1714  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 04:33:34 AM
So we think this https://mega.co.nz/ bla
 How can we get it shut down? or can someone decompile it and determine how much trouble it can cause?

I have no idea. It could also be infected in the past and then he could replace the right links...
1715  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 04:25:33 AM

interesting. Why were all wastedbit's posts deleted?

omg i hope i didnt loose my coins because i wanted a pretty address, i feel so stupid.

Would it help if I posted the files?

From my point of view - wastedbit looks innocent, who knows, why he or some MOD deleted his posts. But this looks dangerous:
https://bitcointalk.org/index.php?action=profile;u=170751;sa=showPosts

please tech guys, could you check megaupload links from this newbie - nxtuser??

others: do not download nxtuser's links. Safety first
1716  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 04:12:27 AM

interesting. Why were all wastedbit's posts deleted?

omg i hope i didnt loose my coins because i wanted a pretty address, i feel so stupid.

Would it help if I posted the files?
try again browser history. Googlecache shows only previous page it seems
1717  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 04:04:25 AM

interesting. Why were all wastedbit's posts deleted?
1718  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 04:00:31 AM
did you use any additional program? non official client? ballancer?

well, i used the 2 Java vanity files posted in this thread. But that was days ago.
so we could ask nxtuser
https://bitcointalk.org/index.php?topic=345619.msg4284954#msg4284954
1719  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] ME.TOO :: descendant of NXT - 4 billion coins on: January 19, 2014, 03:56:57 AM
video about Me.Too
1720  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Nxt :: descendant of Bitcoin - Updated Information on: January 19, 2014, 03:52:06 AM
did you use any additional program? non official client? ballancer?
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