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2nd gen isn't just about Proof of Stake in place of Proof of Work......you can see Counterparty or MasterCoin as 2nd gen, and they definitely don't rely on a difffent algo.
The 2nd generation of crypto is all about adding functionality: features above the simple store and send functions of first gen crypto.
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lets just assume it was a scam... how might it play out?
It's not really possible for a fairly mature decentralised technology like NXT is to be a scam. It could have been a scam in 2013 when BCNext was around. But he actually followed through. Bernie Madoff ran his scams since the 1960s and was only thrown into prison as late as 2008, so much for the thesis that time disproves something being a scam. Besides the BCnext pseudonym actually did cut and flee. This stinks of the same cultist revisionism like that "BCnext's Plan" that was authored by CfB. Only plan BCnext had was to dump his coin for six figures and flee into the sunset, which he did before December 2013. If they're going after guys who committed scams back in 2011 - they can slap the book for fraud against people like BCnext and, the Butterfly Labs being an example, Theymos will easily give up those details with a subpoena. Actually with one subpoenea he can release the details of anybody and anyone who was associated with NXT going all the way back to October 2013, including people who have since moved onto other projects. They can also look into the people who issued assets without taking any regard for securities law. Do I also need to remind that the NXT marketplace is full of illicit goods? So I imagine NXT, if it continues to get bigger and bigger, will get attention from more than just securities officials. Besides why are NXTers excited about ESMA? There was a link somewhere which said ESMA was looking at like a dozen other platforms and I imagine many of them have userbases bigger than NXT and are more KYC and securities compliant and that is the platform I would choose if I wanted to host an asset. ESMA isn't looking to adopt anybody's platform and anybody reading that list can choose from that long list of platforms. When several prominent NXTers fled and disappeared last week and shut down their public social media accounts, I wonder if it had to do with the Butterfly Subpoena or perhaps advance knowledge that ESMA was investigating NXT. Sure ESMA might be investigating its' use as a platform but they're likely investigating other "details" too. Doubt they would tolerate the whole IPO that was done to unknown individuals, where nobody was really verified, and it was probably issuing coin to themselves like the Steve Madden fraud that was depicted on Wolf of Wallstreet. https://www.youtube.com/watch?v=apmKYgLtjgQOr the numerous alleged inside jobs as Jeff Garzik, a reputable Bitcoin developer, can attest to. Are you on the rum again, TS ? Try reading the ESMA report for a start, and you'll see why people get excited. It's good to have official attention for NXT, because (and this is gonna make your brain hurt) NXT is not a scam. And who in Hell would think that ESMA is interested in adopting a platform ? Who are these prominent NXTers ? Name some names. I'm not seeing anyone missing..... And as for Jeff G....you're probably embarassing the guy now, by dragging ONE of his public statements from a long time ago back into discussion. All of Jeffs negative points about NXT have since been refuted, just like pretty much all of yours. |
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Possible reasons that ESMA focussed so hard on Nxt are that most of the other 2nd gen crypto-platforms are either based on the BTC blockchain, Nxt clones, not actually launched yet, or centralised corporate projects. As the ESMA are interested in securities, it's only logical for them to choose to look at the most established Asset Exchange/crypto securities platform. Nxt AE has been running for almost one year now, and the Nxt community has put a lot of hard work into it and the rest of the Nxt eco-system. This hard work is starting to pay off.......  |
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And.......does anyone want to guess how much BTC was raised by the NXT IPO/distribution allocation ?
"Was it a million BTC, Uncle Dave ?"
No, son, it was 21.
"Twenty-one ? You shitting me, Uncle ?"
It's the truth, kid, once upon a time crypto world wasn't full of greedy thieves, the Interwebs was free and CMC fitted on to one screen.
"Now I know you're lying, you old bastard"
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Take it for free, if you like, but be very careful about handing out real money for Neucoin until after the client/blockchain launch, which is sometime round August.The project looks professional, but remember that all we are seeing right now is marketing, not the reality of a running system.
The initial pre-sale is only for 100 million coins out of a total of 3 billion (3,000 million), so that's only 3.33..% of total supply, there will be plenty more opportunities to buy in.
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Good news all round....and it looks like the blockchain is back to normal operation again.
There might still be some delayed tx's, so if you have any issues, post 'em here.
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NXT mainnet is currently having an unknown issue that is causing transactions not to be accepted into blocks.
As a result, all transactions on the main NXT network are waiting in the unconfrmed tx buffer.
NXT devs are working on the issue, and would like to ask everyone to be patient.
And, er, please don't submit any new transactions for a while......
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i think NXT has reached a new SCAM level with its upcoming 1.5 release...
i think the nxt devs are just pumping up nxt by releasing new versions to keep up with the hype. epic scam in the making.... don't trust it...
do your own homework of course... try installing nxt and judge for yourself.
I'm detecting epic irony here, tbh. Maybe a little bit near the knuckle for the sensitive among us. |
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After 18 months of solid NXT development based on very secure and stable software and blockchain.......I think it's time to stop with the scam accusations and come up with some new FUD for NXT. Heres a test release of the installer for the NXT 1.5.2e client: https://nxtforum.org/nrs-releases/nrs-v1-5-2e/msg174395/#msg174395Can't get much simpler than this......  |
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Reposted from Nxtforum: https://nxtforum.org/nrs-releases/nrs-v1-5-2e/msg174395/#msg174395Integrated installer for NXT is released on TestNet ! -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA1 Release 1.5.2e - integrated installer https://bitbucket.org/JeanLucPicard/nxt/downloads/nxt-client-setup-1.5.2e.exesha256: 0b1c81f28bb144139d731227d0cc9fe64b8195e36760dbd3e59dce1d6024c798 *nxt-client-setup-1.5.2e.exe This is an experimental release of the new integrated installer. See: https://bitbucket.org/JeanLucPicard/nxt/issue/283/integrated-installerNote that currently only the installation exe is provided I will upload the installation Jar later. -----BEGIN PGP SIGNATURE----- Version: GnuPG v2.0.22 (MingW32) iQEcBAEBAgAGBQJVMOQfAAoJECdelKfYMRZR8mEH/0vt3MlQzJZyya0M8lACsAja krTM8LyhKtjCXalS7eeB/tyoJUkPhUYMQLr7ZI9RGOv4L2kDFaooYOgJmzYlbmjz 7n/qogkt3ZAgrrYnZgPyrc8iiltXjQufVjkcGgvFkS2Fsj9PERhNOs/c+r8Zwme0 k8bS+DEs1NQek0znne7huhU1FC5CQ7Dc1Czm3Yft866KMCojQ7GeEC2Q+v+1d7z0 qmaGnTCFOZEfJ7ohyYhSgeJz0xZFcTzIao1ZOdHO4jWIeLtCqWNQm1/n2bSX45r2 fEkUxGR7p3Y2pw7RNhx2mxy5ONGcjX77hVGyGwCoDIpF0nqI4wV0il99im9mNgY= =PJXQ -----END PGP SIGNATURE----- |
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Has anyone ever validated any of the names with NeuCoin? I don't mean people like Brock Pierce - he's been endorsing stuff all the time (like AppleByte which was a huge flop).
NeuCoin is claiming to be partnered or invested by all these big tech names (like Henrik Kjelberg) and yet nothing on social media substantiates those claims and the only returns are from Bitcointalk and Cryptonews sites which is probably info from press releases NeuCoin wrote themselves.
Leaving Oprahs shaggability and Hazards investment skillz aside (he wasn't the only guy to pass on NXT, and O is a little bit wide for my tastes.... ).... NeuCoin looks pretty cool on paper.....pretty much an NXT copy in all respects (which is good to see, imitation is the best form of flattery) but it's still a centralised, corporate project with all the possible issues that could bring. This could be the next Paycoin, or it could be something more......time will tell. I really don't like the Ripple/MarineCoin model of issuing a tiny proportion of coins to the market, with the NeuCoin foundations controlling the vast majority of funds. As Ripple (and others) have shown, this pretty much allows NeuCoin itself complete control of NeuCoins market cap/price. Like I just said, corporate project, eh? In conclusion....DYOR (lots of R) before throwing money/BTC at them. |
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Good luck, mate, this is one of the most touching things I've ever seen on BTT.
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Getting back to the OP: I don't see how having initial NEMstake traded on the NXT Asset Exchange can have any effect on NEMs future. You can trade BTC using the AE, that doesn't put Bitcoin in NXT's shadow. (yet  ) The fact that much of the NEM community continue to define NEM in terms of how it's doing in relation to NXT is an issue. I sometimes detect a little bit of cargo cultism around NEM...... http://en.wikipedia.org/wiki/Cargo_cult |
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Hmmm...let me think about that one for a moment.
Oh, yeah, that would be down to the complete lack of a PhD in cryptography, (left it in my other suit) or even a basic grasp of the maths involved in VB's paper.
That, old son, is precisely why we need peer review.
Me saying: "Looks fine, mate, she'll be right" is not a solid basis for a system of crypto currency, even if I am completely correct.
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or, better yet, do your best to read the paper.....I've gven it a try, and the sections on NXT seem to be generally positive. But I'm certainly not qualified to make any judgements here. Much peer review is what is needed...... Wait for peer review (at least in the community). There's this weird reverence towards certain individuals in this community from people who don't understand shit. Let the experts evaluate and criticize and withhold your opinion until something reaches some sort of expert consensus.
Everyone now-days in crypto see a fucking PDF paper in academic format and treat it like a fucking bible. Speaking from a scientific background I've seen plenty of beautiful looking papers which 'look' like they got a lot of good stuff to say only to be complete and utter bullshit. Too bad this isn't my field of expertise.
No scientist's paper is worth shit unless its been "peer reviewed", which means a big gang of experts all need to have checked it out and agreed with it before it gets published. Most scientific journals are peer reviewed and all the papers in them have been checked by a gang of experts beforehand. We need more experts to check out NXT. |
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Good question.....25 fully loaded AMs would add 1mB to the NXT blockchain, you can do the rest of the math from there.
There will need to be some pruning mechanism, I expect.
Anyhow, 1.5 is now on TestNet, so people are free to break it any way they like....
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Yup...the next Nxt release ( cheesy ) will allow a 40 kB payload per message, either clear or encrypted. Hmm..... |
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