In what country is the jurisdiction of this campaign?

In which country is the jurisdiction of this campaign?

And how is this any different from NXT's alias feature?

I've researched them both.  Looked into most all of the other alt coins and NXT just makes sense.  Congrats on the first 73 who were smart enough to invest in it.  They will be rich.  They deserve to be rich.  As it is, I am happy to buy NXT off them for a mere $.07 per coin.  Forging blocks is easy.  I've got about 10,000 NXT and should forge a block about every ten days.  Simple math can figure this out.  Even more, most of the original stakeholders aren't even forging which means I'll get a block even more often, but NEVER less than one block every ten days.  Try that in bitcoin.  I couldn't afford the equipment to even come close to that.  NXT is simpler, greener, fairer.  It is truly 2nd generation crypto.

Thank you all.  I agree that it sounds too good to be true. Best listen to my instincts and leave these losers alone.

Thanks for all the input and advice.

They're selling all sorts of coins for relatively cheap prices. Seems suspicious to me. Does anybody have any experience with them?

Proof of Stake means that the greater "stake" a person has (i.e. the greater number of coins), the greater chance of forging the next block and reaping the transaction fees.  There are 1 billion NXT and if you own one, you have one chance in one billion to forge the next block.  It's not exactly done like that but the result is about the same.  Also, if you have a large stake and try to force a fork by not forging a block when you get elected to do so, your forging power drops to zero temporarily which allows others to pickup the slack.  Again, I'm a novice at the exact mechanisms of NXT forging.

To address the possibility of "living off the interest" of your fortune I say…. it's a free country.  Eventually you will die and pass your coins to your heirs and they will spend them, distributing that wealth to the rest of society.  The same thing happens in any capitalist society based on morality.  (no forced distribution of wealth)  Example:  The Kennedys and the Vanderbuilts and the Rockefellers no longer have an amassed fortune.  It has been spent by their heirs and distributed morally (not by force) to society.

NXT is 100% Proof of Stake and seems to me to be a good protocol.  Sure the initial investors will be gozillionaires (so are the bitcoin early adopters), but eventually all those coins will be relatively evenly distributed if there are enough people involved in the network.  Even hoarders will eventually succumb to the lure of high prices and sell their coins for either goods/services or fiat.  The price will fall temporarily and people will scoop up cheap coins and there will be a more even distribution.  Plus, the whole electricity savings thing, I think, will be a big issue in the future. Sadly, right now, you have to be pretty rich to afford mining…..

Need somebody to buy that landfill off the city and truly "mine" for BTC.

Finally! Somebody who understands. 

Keep posting and contributing.. I think you need to get activity above thirty.

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I tend to agree. If Capitalism was about making life better, then why isn't Saudi Arabia the center of invention, innovation, and progressive industries?
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Is Saudi Arabia a capitalist society? I seem to remember it is a kingdom.

"What does Paris Hilton produce?"

More than you might think. I think she has some perfume thing going on plus wherever she goes, people follow. I'm sure nightclub owners and restauranteurs enjoy her in their establishments.

Ok, she doesn't really contribute directly to the GDP,  but she is very effective at taking her family's wealth and distributing it around.  This is why in a generation or two, being a Hilton won't mean quite as much. Same thing as being a Kennedy or a Vanderbuilt today. Wealth gets distributed.  Few people have the talent to expand or even hold onto inherited wealth. It gets distributed to the economy as the generations pass.

To try and take it by using the force of government is wrong, immoral, and leads to tyranny.

IMHO

Circus tent analogy to explain Capitalism.


If the economy is a circus tent and wealth were represented by the height of the tent. Successful people would act as tent poles driving up the tent all around them.  The greater number of wealthy people, the more the average person would be elevated. If there were only one rich person, we'd all better hope he'd be rich enough to lift the entire tent.   There's definitely income inequality but to try and correct it would lower everybody. Never mind the countless violations of individual rights that would be necessary to "equalize" income.

There is no right to equal outcome. There is even no right to equal opportunity. There is only a right to freedom and what you make of it.

Big downside. Transactions are irreversible. Meaning, if you send bitcoin to the other side of the world, you better trust the receiving party does what you've agreed to. Otherwise, you have no recourse.

If a man trades a days worth of labor working for another man, he is paid in some form of money. Money is capital.  That is all he gets and that is all he deserves. If he wants to save his money, he can start a business too.  Having a job does not entitle a worker to an ownership piece of the company he works for.   Nobody is being taken advantage in this arrangement.

Government can get out of the way.  Protect people's individual rights and then step back. Simple really.

They are creating inflation.  Inflation of the money supply.  Price elevation WILL follow, it is inevitable.  Plus, once they stop, the stock market will correct.  Usually violently.  Love the Fed, don'tcha?

Wish they never would've started that QE stuff.  It's false prosperity. All our savings are being robbed.  Thank heaven for bitcoin.

But that speech was absolutely true.  Greed drives people to produce.  I barely remember the film but I believe Gecko broke the law in his pursuit of wealth.  Capitalism places restraints on greed only in that a person's actions cannot violate the rights of any other person. As long as that rule is followed, please produce as much as your skills can allow.  It can only help me.   Plus Bitcoin will keep my purchasing power intact.  Win-win

Slingshot-

I just couldn't bring myself to read that entire long post, sorry.  I think you and I actually agree on most things.  As a libertarian, I am for anything that increases freedom and against anything that decreases freedom.  I am for taxes that pay for police, military and courts because these increase freedom.  Every other tax decreases freedom.

As I am also a physician, I should probably comment on healthcare. Costs are so high because of government interference in the free market. The price structure and physician reimbursement is so screwed up, who knows what the true free market price should be.  A quick example.  Did you know that a Dermatologist (removes moles all day long) makes about 3 times what a general surgeon makes? A radiologist makes about twice of all of them to sit in a room and read films all day. No long hours, no nights, no weekends, no being called in ever. 
This is all the consequence of government dominated healthcare.  Pressure groups get little changes to the law that greatly benefit their people at the expense of the poor patients. Get government out of health care completely and watch things normalize. No Medicare, no Medicade, no friggin ObamaCare. No more price fixing. Government dominance, that's the real reason healthcare costs are through the roof.

BTW, the exact thing can be said for education costs. Ugh! Don't get me started on that one!

Respectfully submitted,
Neofelis