NXT's distribution is relatively good compared to Bitcoin which is the status quo cryptocurrency flagship. 30% of Nxt is owned by 0.07% of accounts, in Bitcoin 30% is owned by 0.005% of accounts. it's just utterly ridiculous. Go back to the posters infographic... it shows 1,150 + 150 = 1,300 total accounts.
What is .76% of 1,300? 9.88 So this 'instacash' character tells me I'm lying because I said 9 accounts own a majority?
Okay I'm wrong, 9.88 accounts own 75% of all Nxt.
~24335 total accounts atm: http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=10You are lying once again, will you ever cut the crap? I am more and more convinced that you act stupid on purpose.  Look... I think Nxt is crap... the technology is crap, the distribution is crap. No need to try to convince me otherwise.
NXT proves otherwise, no need for your incompetent opinion. Why do you even think I would want to convince you? You are just an extremely envious person in my eyes, that's all. PS. I repeat that I didn't ask you to babble here, I was just debunking your lie. debunking a lie? what lie? the numbers don't lie. I didn't bring up the numbers, you did. well... clear as day... 9-10 people own 76% of Nxt. Carlos, 0.76% of 24336 is not 9. Even you should be able to calculate that, ouch... Man, you keep making yourself look like a complete fool. Read the calculations again. |
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Look... I think Nxt is crap... the technology is crap, the distribution is crap. No need to try to convince me otherwise.
NXT proves otherwise, no need for your incompetent opinion. Why do you even think I would want to convince you? You are just an extremely envious person in my eyes, that's all. PS. I repeat that I didn't ask you to babble here, I was just debunking your lie. debunking a lie? what lie? the numbers don't lie. I didn't bring up the numbers, you did. well... clear as day... 9-10 people own 76% of Nxt. |
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At the start of NEM, they just get 5% but you will get 45%(if you will put 45m to you).
45m is less than 5% of the total 1 billion. Mining has no relationship with proof of stake. If you want more stake, then I suggest that you exchange Nxt for NEX. A lot of people will complain if more stake is given to people who did not pay in. So there is a balance that needs to be preserved. Carlos, we all know that you are completely mad at Nxt due to your envy illness and you've been going on and on spreading misinformation. It is probably hard for you to face that your NEX babbling project is essentially set to an end since NEM is basically what you had hoped to achieve. It is backed by a large enthusiastic community and an actual development team. You failed, you are out already. Carry on man. I have no opinion about NEM. |
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mindboggling.
some thought crypto is getaway from fiat fatcat oligarch snowball effect rich get richer .. but out of frying pan into a fucking surface of the sun it seems.. these numbers are insane. I struggle to understand how so many seemingly switched on user are incentivized to be so evangelical about NXT with such statistics. ..I know that it mostly 'usual suspects' on promo . under the table deals in exchange? has to be something to overcome this crazy disparity, merits of the protocol surely cannot be enough alone.. it's just too much. how can anybody ignore.. Is this the real figure?? .....wow..jesus christ.
NXT's distribution is relatively good compared to Bitcoin which is the status quo cryptocurrency flagship. 30% of Nxt is owned by 0.07% of accounts, in Bitcoin 30% is owned by 0.005% of accounts. it's just utterly ridiculous. Go back to the posters infographic... it shows 1,150 + 150 = 1,300 total accounts.
What is .76% of 1,300? 9.88 So this 'instacash' character tells me I'm lying because I said 9 accounts own a majority?
Okay I'm wrong, 9.88 accounts own 75% of all Nxt.
~24335 total accounts atm: http://blocks.nxtcrypto.org/nxt/nxt.cgi?action=10You are lying once again, will you ever cut the crap? I am more and more convinced that you act stupid on purpose. Sigh... go back to the infographic you posted. Feb 2014, 1,150 own 10,000 or more 150 own 1 million or more. In short more of the 24,335 you quote have next to nothing! Look... I think Nxt is crap... the technology is crap, the distribution is crap. No need to try to convince me otherwise. |
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0.76 % of Nxt users own 75% of Nxt
99.76% of Nxt users own 21% of Nxt.
Numbers don't lie!!
mindboggling. some thought crypto is getaway from fiat fatcat oligarch snowball effect rich get richer .. but out of frying pan into a fucking surface of the sun it seems.. these numbers are insane. I struggle to understand how so many seemingly switched on user are incentivized to be so evangelical about NXT with such statistics. ..I know that it mostly 'usual suspects' on promo . under the table deals in exchange? has to be something to overcome this crazy disparity, merits of the protocol surely cannot be enough alone.. it's just too much. how can anybody ignore.. Is this the real figure?? .....wow..jesus christ. it's just utterly ridiculous. Go back to the posters infographic... it shows 1,150 + 150 = 1,300 total accounts. What is .76% of 1,300? 9.88 So this 'instacash' character tells me I'm lying because I said 9 accounts own a majority? Okay I'm wrong, 9.88 accounts own 75% of all Nxt. |
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interested
You have to leave email at www.nexcoin.net , saying "interested" here in Bitcointalk.org is not allowed. |
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At the start of NEM, they just get 5% but you will get 45%(if you will put 45m to you).
45m is less than 5% of the total 1 billion. Mining has no relationship with proof of stake. If you want more stake, then I suggest that you exchange Nxt for NEX. A lot of people will complain if more stake is given to people who did not pay in. So there is a balance that needs to be preserved. |
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That means if there are 3000 people show interest , I just have one stake, I just get only 1666NEX?
Yes. That is correct. If all you did was registering your email at www.nexcoin.net and only 3,000 people did so, then 1,666 NEX is what you will receive. Now if you (1) Liked on FaceBook (2) Followed on Twitter (3) Referred 5 other unique users Then you will get 1,666 x 8 = 13,328 NEX. I think the 5m is so little. Can you make it large ? I think when it become larger, people will get more Motivation. BTW, the NEM give out one stake 1m NEM. it is not set in stone yet, but if the participation is greater, then certainly more than 5m would be needed. NEM is 4 billion coins. I think 4,000 particpants but people had to pay in. The model with NEX is different because 90% of distribution is made via mining and proof of stake. But taking part in NEM will not cost much. And you have the most coin ,so you will mine the most coin of 90%. Do you actually know the percentage of NEM that is owned by the developers? Maybe you need to ask them. |
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That means if there are 3000 people show interest , I just have one stake, I just get only 1666NEX?
Yes. That is correct. If all you did was registering your email at www.nexcoin.net and only 3,000 people did so, then 1,666 NEX is what you will receive. Now if you (1) Liked on FaceBook (2) Followed on Twitter (3) Referred 5 other unique users Then you will get 1,666 x 8 = 13,328 NEX. I think the 5m is so little. Can you make it large ? I think when it become larger, people will get more Motivation. BTW, the NEM give out one stake 1m NEM. it is not set in stone yet, but if the participation is greater, then certainly more than 5m would be needed. NEM is 4 billion coins. I think 4,000 particpants but people had to pay in. The model with NEX is different because 90% of distribution is made via mining and proof of stake. |
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Numbers don't lie!!
You said 9 people own a majority of all Nxt which is a lie confirmed by the numbers. What's up with your brain? ps. this thread is about Skycoin and not your frustration with Nxt distribution. The discussion was about crappy distributions. I wasn't the author who brought up the Nxt crappy distribution. I was just agreeing with the observation. Reality check dude... It's not just me who thinks Nxt had a crappy distribution. Just check out the polls out there. |
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That means if there are 3000 people show interest , I just have one stake, I just get only 1666NEX?
Yes. That is correct. If all you did was registering your email at www.nexcoin.net and only 3,000 people did so, then 1,666 NEX is what you will receive. Now if you (1) Liked on FaceBook (2) Followed on Twitter (3) Referred 5 other unique users Then you will get 1,666 x 8 = 13,328 NEX. This is the only 2nd generation coin that is being released where you can still get a stake by not having to buy in. |
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73 people new about Nxt IPO and they abruptly shut it down quickly without advance notice.
If you actually look at the distribution, about 9 people own a majority of all Nxt.
We've also heard a lot of complaints about Quark that had most of its mining for about 6 months. By comparison, Quark was a much fairer distribution than Nxt.
Debunking Friction's funny lie: http://www.nxtcrypto.org/nxtcoin/nxt-distribution-infographicDude... did you read the infographic you just posted? 0.07% of Nxt users own 29% 0.14% of Nxt users own 21% 0.55% of Nxt users own 25% ---------------------------- 0.76 % of Nxt users own 75% of Nxt99.76% of Nxt users own 21% of Nxt. Numbers don't lie!! |
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Do you mean 50 million for NXT? So 45 million split between the 'interested' stakeholders'? How many stakeholders are there currently? Will the stakeholder list be updated soon, my email hasn't appeared there yet.
The minding/forging stuff sounds pretty interesting! Three weeks is pretty soon; will there be a wallet/client and an exchange by then or..? Also, how will the coins be delivered?
Thanks, sorry for all the questions!
45 million TBD. At a minimum, 5 million split among interested stakeholders... this involves (1) Sending your email (2) Referring people using the referral link (3) Liking on Facebook http://www.facebook.com/NEXcoin(4) Following on Twitter. http://www.twitter.com/NEXcoinEach one counts for more stake. Note: (1) and (2) must come from different people. A wallet will be made available to receive coins. what the meaning of TBD? TBD - To Be Determined Why the TBD is so large? The cost to maintain a secure and robust P2P network can become very expensive. 45 milion is less than 5% of the total distribution. Consider the cost of development and infrastructure, then this is a better alternative than many of the alt-coin that have have been abandoned due to lack of development and maintenance. If NEX is to be the most advanced Crypto-currency then it absolutely needs ongoing development. We are familiar with this problem of not receiving enough funds for development. We maintain iXcoin development and it has always been a problem raising coin to facilitate improvement of the coin. As you say, You will get most coins . At the same time, we who show interest will Divide the 5m? If you have the 45m NEX, and you will mine more NEX so you will get more NEX than just 5%. Total coins is 1 billion. There are two ways to get coins... this is similar to PeerCoin. (1) Mining (The actual method has not been revealed) (2) Proof of Stake Like Peer coin you get more coins if you mine. Proof of stake just pays a percentage (TBD) and fees. The majority distribution is via mining. The difference with NEX and all other coins is that mining does not require a lot of hardware! What we are trying to design is the correct economic incentive model so that the network remains secure and robust. This is critical, the incentive structure most promote the growth of the P2P network. |
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By assigning himself to be the distributor of all coins, he's taking on the role of Federal Reserve. Controlling money supply... manipulating price... sounds familiar? I don't understand why people think NXT's distribution model is horrible. The way NXT did it was horrible, yes. But the concept is not. Put a hardcap of 1 BTC per investor and I think you'll get a pretty nice even distribution. Also, I think biggest reason NxT IPO was a failure is that it was ended too early without a lot of investors knowing about it. If given enough time, many people will join Skycoin IPO.
Edit. The reason why I like Nxt style IPO is that it's free market approach. Initial coin price is dictated by IPO demand. And after IPO, coin price will fluctuate depending on simple Supply/Demand. I just think this is better than Dev team artificially coming up with a set price for coins that hasn't even seen a light of day. It's extremely difficult to predict the market and thus come up with accurate price of a coin before IPO IMHO.
73 people new about Nxt IPO and they abruptly shut it down quickly without advance notice. If you actually look at the distribution, about 9 people own a majority of all Nxt. We've also heard a lot of complaints about Quark that had most of its mining for about 6 months. By comparison, Quark was a much fairer distribution than Nxt. Anyway, distribution is always going to be tricky. The best distribution however is one that distributes the coin first to stake holders that will make a bit contribution to the code base. Kind of like most successful companies, you don't want to give a lot of equity people who don't contribute. We haven't figured this one out yet though! |
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Do you mean 50 million for NXT? So 45 million split between the 'interested' stakeholders'? How many stakeholders are there currently? Will the stakeholder list be updated soon, my email hasn't appeared there yet.
The minding/forging stuff sounds pretty interesting! Three weeks is pretty soon; will there be a wallet/client and an exchange by then or..? Also, how will the coins be delivered?
Thanks, sorry for all the questions!
45 million TBD. At a minimum, 5 million split among interested stakeholders... this involves (1) Sending your email (2) Referring people using the referral link (3) Liking on Facebook http://www.facebook.com/NEXcoin(4) Following on Twitter. http://www.twitter.com/NEXcoinEach one counts for more stake. Note: (1) and (2) must come from different people. A wallet will be made available to receive coins. what the meaning of TBD? TBD - To Be Determined Why the TBD is so large? The cost to maintain a secure and robust P2P network can become very expensive. 45 milion is less than 5% of the total distribution. Consider the cost of development and infrastructure, then this is a better alternative than many of the alt-coin that have have been abandoned due to lack of development and maintenance. If NEX is to be the most advanced Crypto-currency then it absolutely needs ongoing development. We are familiar with this problem of not receiving enough funds for development. We maintain iXcoin development and it has always been a problem raising coin to facilitate improvement of the coin. |
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Do you mean 50 million for NXT? So 45 million split between the 'interested' stakeholders'? How many stakeholders are there currently? Will the stakeholder list be updated soon, my email hasn't appeared there yet.
The minding/forging stuff sounds pretty interesting! Three weeks is pretty soon; will there be a wallet/client and an exchange by then or..? Also, how will the coins be delivered?
Thanks, sorry for all the questions!
45 million TBD. At a minimum, 5 million split among interested stakeholders... this involves (1) Sending your email (2) Referring people using the referral link (3) Liking on Facebook http://www.facebook.com/NEXcoin(4) Following on Twitter. http://www.twitter.com/NEXcoinEach one counts for more stake. Note: (1) and (2) must come from different people. A wallet will be made available to receive coins. 5 million isn't much, we'd hardly be stakeholders if that's the case... What determines how much NEX you forge? The amount you have? 5 million isn't much?  |
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ok I recall this was just say interested then you get a stake.
in any even I pledge 2500NXT
is that how I get a stake?
@ 50:1 2,500 NXT = 125,000 NEX. Saying you are interested gives you a percentage of NEX allocated from that pool. The amount of NEX will depend on: (1) how many people have expressed interest. (2) how many NEX will be allocated for this. |
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Well done, Frictionlesscoin Team: an updated windows wallet, at last.
Apologies for the delay. Had to find a competent Windows developer to do the job. |
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