This is what a lot of people wanted and that led to Jl777 creating Nodecoin. That opened another can of worms   Some thought this was good, some thought it was damaging.


(I am watching from the sidelines as I have been through this discussion a couple of times but I think it is important to go through this as many times as needed, otherwise people's gut reaction is to think the whole system is skewed to 'the rich'. Rather than it being pretty much a necessity, as Proof of Stake is how the blockchain is secured. The value in Nxt is what it can do and what is promised in the future, not how much someone can get out of it before they move to the next coin. And I am not accusing anyone of this  ).

Re: inclusion of Nxt fao the author

Please see the following link for initial stakeholders and the initial bountiesfor development
http://wiki.nxtcrypto.org/wiki/FAQ#The_original_stakeholders_are_hoarding_their_coins

There is also this infographic re: current distribution, slightly out of date (Feb 2014) but a re newed analysis would almost certainly continue the trend to more distribution rather than a move the concentration. It shows nxt is less concentrated now than bitcoin is after 5 years.
http://nxtcoin.blogspot.ch/2014/01/nxt-distribution-infographics.html?m=1

Please ask if you have any queries

Is this thread for building a coin or a cult, everyday it is getting harder to tell

Nobody interested in the new tech? Changes to the POS mechanism are being tested, I get the feeling there have been an odd tweak but nobody knows or just won't tell  

Or have I missed it while skimming past everything else in here?

Also, is there an up to date distribution comparison with bitcoin somewhere?

Thanks

Steady on, don't go overboard 

The author of the investigation into instamines and fastmines is keen to add nxt, msc etc to the comparison.

The nature of Nxt's 100% pos is that all coins that ever exist need to be created at the start for it to work. We have no inflation and if you have a numerator of people forging, you need to know what the denominator is to calculate the target. It would be easy to interpret this as '100% instamine' and if have offered a method of comparing nxt in my last post.

The author is asking for solid links he can review himself to confirm any statements I.e. length of 'ipo', number of founders, giveaways/bounties/selling after initial distribution, raw data on current distribution etc.

Can people in the know post links and explanations here pls:
https://bitcointalk.org/index.php?topic=587086.msg6507646;topicseen#new

Thanks

I always think of what my mother would think if she read these. I like that it is simple and suits whoever is reading it. I like that 'decentralized' hasn't been used, "the future is Nxt" is a shorthand for this in my mind that the public can relate to, includind my ma!

Has rat4/anyone else done a press release for this? What were the criticisms (s)he is trying to address and how will the new system differ from the previous one?

Edit: If it is a test the press release might be ott, granted. But investors and potential investors will still be curious.

Bump.

Thank you.

Anyone know any more or have any good links for the changes to the POS mechanism?

Nxt Mahjong!

I got so addicted to this game that I had to delete the games from my Windoze computer   It is free to play and no download.

The link is: http://nxt.cryptoturtle.com

Props to subSTRATA.





Source: https://nxtforum.org/nxt-promotion/next-turtle-free-to-play-game!/
(It is not called Mahjong, Mahjong Solitaire is ok apprently by that is how I know it   )

I look forward to reading your improvements. Please post the link here when you have uploaded it.

This and your coming analysis is good for the crypto world as it is "cross-crypto" so bias will be minimised.

I just posted this in response to criticism of Nxt's distribution in the investigation of instamines thread (criticism from others, not the author)  I now it is re-raking over old ground but I couldn't help myself 



https://bitcointalk.org/index.php?topic=587086.60

There were 6 weeks to join the IPO for Nxt and coins* were distributed on a proportion of how much BTC you gave. This was also capped at a maximum of 1 BTC. i.e. if you gave 0.1% of funds collected you got 0.1% of the coins, 5% of what was collected you get 5% of the coins.

Only 100 or so people came forward in 6 weeks and then only 73 of those claimed the coins that they were entitled to. They understood, as the first POS, that nobody would join them if they hoarded their coins so there was an orgy of bounties, selling and giveaways. When comparing POS coins, perhaps this period should be judged as the distribution phase? Which pure POS have the fastest dilution of the initial founders stakes? As the nature of pure POS requires all coins to be created at once. If there were only 73 holders now then Nxt wouldn't be valued at 10s of millions of dollars.

The tech was then released and this is what gave the coin its value when people understood what was being built. It also has provided the funds to build, arguably, the most advanced cryptographic platform devised so far (I won't go into details to avoid looking like advertising but start another thread and we can discuss it there).

Finally, the initial distribution is moot as the distribution between accounts now is better than bitcoin's and improving slowly all the time, all achieved in a few months. I can dig out the links if the auther would like to see them.


I for one would welcome the author's inclusion of Nxt for all to see, as I think wasamata would be surprised that it would come out the other side with a good overall report. Though comparison should be to Ripple, Counterparty and Mastercoin as you would comparing apples with oranges. These are also striving to beyond being solely a currency.


*(these are not generally referred to as coins as this limits what Nxt actually is peoples minds, they are more generally considered tokens for the Nxt Crypto Platform's features)

P.S. I wasn't one of the 73!  

Quoting out of context but...

ChuckOne agrees and he is right! half our clients are women 

I was going to say the same. This is my favourite one yet tho

Also, on the no leaders, no kings and then all the little men popping up in a row... it might be almost accurate of this forum but still make every other one a little lady popping up! and add 'or queens' or something too  don't forget the ladies 

I asked Anon in his thread here >>>> https://nxtforum.org/nxt-projects/anon136's-silver-bullion-gateway/

You just saved us all a few repetitive discussions  Or at least reduced the number of them