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DRNNjrwWTeURV1nZjV2gXFfD5D5BjoMTmT
Very Thanks
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IMV, Bitcoin/CC is only necessary because of the existence of fiat legal tender. If the government didn't hold a monopoly on money I wouldn't put so much hope into CC. If we had private competing currencies there'd be little need for CC, tho, of course, it could still be very useful and perhaps still quite profitable.
In short, I don't particular want BTC to replace fiat, I just want non governmental currencies.
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Yea, mine's back as well We must have scared ToFist off
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Seems dodgy to me. A small handful of people owning that many coins before it's even out? "Coin for the people"? Hmmm looks like a get rick quick scheme and Bill Stil has fallen for it through his naivete with crypto currency
Maybe Im wrong tho
Nxt seems dodgy as well but perhaps worse in some respect considering, iirc, 70 people hold all of the billion coins or however many there are and the only way to get them is to buy them off this 'elite'
I think the thing you are missing with Nxt is that EVERYONE had to pay to get in on the coin. The creator put in 1 BTC of his own money to get part of the genesis block. Every early investor was capped at 1 BTC to invest. All new investors can invest as much as they want. If you invested in the first week, you would have got 1M Nxt for 1 BTC after it was officially released, which has gone down to 100k for 1 BTC currently. The early investors invested in a coin that wasn't even released and was just "supposed" to be released. That was a huge risk for them in doing so. It's like buying any new cryptocurrency early, you take a huge risk. Also you are forgetting that the only way to mine coins is to to hold a share of the coins. Instead of the dependency on ASICs, GPUs, CPUs, etc. You can run the client on any computer that handles Java and it mines as well as mining on a high end computer using the same client, since all that matters is the amount of Nxt you hold. This is not a coin where you "mine" to get new coins in blocks. You "mine"(forge/get interest) coins that were part of transaction fees that were part of other transactions between other trades. Same thing happens with any cryptocurrency (the transaction fee) once the creation of new coins ends. I'm not familiar with the ins and outs of coin creation but they don't all need investors, do they? Just 70 people holding all of the coin with it setup so that you can't mine/forge without buying coin off those 70 people? Good luck to them but I'm just suspicious
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Seems dodgy to me. A small handful of people owning that many coins before it's even out?
What do you mean? "before it's even out"? No mining was done prior to the announced here in this forum. It was premined, right? I know that one of the developers has written (extremely poorly) about it, using water analogies etc., in an attempt to justify it, but that's what it was, no?
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Seems dodgy to me. A small handful of people owning that many coins before it's even out? "Coin for the people"? Hmmm looks like a get rick quick scheme and Bill Stil has fallen for it through his naivete with crypto currency
Maybe Im wrong tho
Nxt seems dodgy as well but perhaps worse in some respect considering, iirc, 70 people hold all of the billion coins or however many there are and the only way to get them is to buy them off this 'elite'
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BEWARE with http://stablecoin.miners-pool.eu/, yesterday i mined 10 sbc in their pool, and now when i opened my account , i see the balance at 0, they have robbed me, those suckers i know is only 10 sbc, but it was worth mentioning I see the same, 0 for me as well despite having mined a few SBC already. I think their servers are down or something, I'm not able to see anything in the pool stats nor block stats. Same. Luckily I withdrew my 180 sbc yesterday. Had about 15 sbc in just now which have disappeared and the site has pretty much ground to a halt for me The strangest part is if I go on "My workers" the "Add worker" name isn't mine. Instead it's someone called "ToFist." Should I be worried about getting my wallet hacked? it's encrypted but...
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WfrkSHG66s4qXp6U7SNZisL11iUjkzN5PA
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sJRpEr23N2Mx6eKMZRyC6yRKVCbJzj9SY6 Cheers
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I remember only a few months ago when I saw that 1 BTC was $13. I thought for sure that it would go down and so put off buying any. Not the best decision I ever made
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