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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Beta is almost here[Updates & Discussion]
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on: October 11, 2014, 09:11:51 PM
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When people paid to buy a NEM stake I don't remember there being a time limit to claim the stake. It is just my opinion but I think we all need to keep grounded and not lose sight of common sense values (such as if someone pays for something it belongs to them). Otherwise what kind of movement are we really creating?
You keep ignoring the fact that leaving 100s of stakes open forever means that there is good chance someone with access to BTT server will have power to steal these stakes and kill/crash nem completely. How is that crypto? The fate of unclaimed stakes must be decided before the distribution. That is the first good argument I have heard for having a time limit on claiming the stakes. One month is still too short we need to give people more time ... EDIT: Although I don't think there is a good chance that would happen. Why don't you think there is a not good chance that will happen? All BTT messages are archived on some hard drive. The BTT owner can already do that, so can everyone with access to that machine, not just now but someday in future one or two year from now. How are you putting the entire fate of nem in the hands of people you don't know? Why the heck anyone should buy nem when it's fate is totally insecure with future influx of "billion" nem from unknown people? I don't care how long you want that wait to continue. Nem should not launch until this issue is settled. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Beta is almost here[Updates & Discussion]
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on: October 11, 2014, 09:03:31 PM
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When people paid to buy a NEM stake I don't remember there being a time limit to claim the stake. It is just my opinion but I think we all need to keep grounded and not lose sight of common sense values (such as if someone pays for something it belongs to them). Otherwise what kind of movement are we really creating?
You keep ignoring the fact that leaving 100s of stakes open forever means that there is good chance someone with access to BTT server will have power to steal these stakes and kill/crash nem completely. How is that crypto? The fate of unclaimed stakes must be decided before the distribution. |
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205
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Beta is almost here[Updates & Discussion]
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on: October 10, 2014, 07:56:53 PM
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the owner of bct has around 5 mill worth of btc.. i dont think he cares about nem  Are you telling us that you know for a fact that 2 years from now 500 to 1500 unclaimed stakes would not be worth 5 million? Why should you give power to completely crash Nem to people who have access to BTT servers? This is nonsense. Set a short time limit and then destroy them. Leaving them open means that anyone who has access to BTT servers can destroy nem someday by dumping 1000 stakes. Before the coins are distributed, the fate of unclaimed coins must be decided. |
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207
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Beta is almost here[Updates & Discussion]
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on: October 09, 2014, 02:33:29 AM
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Hey just a thought. porn site use tokens for something. How about NEM instead of tokens?
This isn't an original idea, but there is no incentive for porn site to use nem, something that is hard to cash, hard for buyers to buy, prices could be unstable, especially with talk about giveaways. Why on earth would a porn site use nem? The tokens represent real dollars as people buy them for real dollars. At least bitcoins are more easy to cash, but a site like c4s don't even accept bitcoin. It will be a long time before you can convince a major porn site like C4S to accept nem. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Beta is almost here[Updates & Discussion]
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on: October 09, 2014, 02:26:19 AM
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You mean worthless like NxT where, as soon as there is any price building or recovery, the whales start dumping?
Nxt made a lot of people rich, not only the original stakeholder, but everyone else who bought between Nov and December. If you want to see what's worthless, look at Node, NFD, Crypti, Qora, Nas, and dozens of of other coins. The question is would Nem would be like Nxt or like Nas, Node and NFD? I suspect the worst, specially with "giveaway" talks in the air. Nxt was a miracle -- and doesn't look it will be repeated again. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: NEM Official Thread - Beta is almost here[Updates & Discussion]
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on: October 09, 2014, 02:11:32 AM
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Promotion. I have thought of something called "Faces of NEM", where people upload videos like "Faces of NEM - John Doe" where for half a minute to 2 minutes they explain why they want a stake, what they would do it and maybe answer any other questions like "what do you envision the future to be if everybody adopted NEM".
These people would make these videos to get 500K. Maybe the most popular respondent will get 2 million NEM? As an incentive to make a video and to get views.
Giving away millions or maybe 1 billion nem would mean Nem would be pretty worthless, just like most other recently launched coins. These people will dump them fast. The recent history has shown that more free "giveaways" the more worthless the coin. All top coins (including bitcoin) are actually controlled by very few people I am already feeling bad for people who bought nem by spending real money on nxt asset exchange, as we are about to be flooded by giveaways that will lower down the prices significantly. I would rather see unclaimed coins destroyed. |
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217
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: September 17, 2014, 01:27:19 AM
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To repeat for the cheap seats: Wrong. This is irrelevant, because the majority of users do not do this. The majority of users just run the pre-built jar (which is what the NXT readme instructs them to do anyway). A reproducible build process is helpful because... This helps ensure that the release manager is not under duress, unknowingly infected with malware, or corrupt. No security solution is perfect, but it raises the bar significantly when multiple parties verify the build.
It's much easier for multiple parties to verify java classes. This doesn't have to come from Nxt core developer. It could be independent third parties, forum members, and even you. Here is how cd nxt
jar xvf nxt.jar
mv nxt nxt-orig
rm -f nxt.jar
./compile.sh
jar xvf nxt.jar
diff -r nxt nxt-orig
If you don't see a difference, this means the class files contained in the nxt.jar file included in the nxt-client-1.2.8.zip package (now under nxt-orig) are exactly the same as those produced when compiling the jar file yourself, under nxt.
Why would the verification have to come from multiple core developers? Lets have volunteers/independent third parties who verify it, as it's much easier/trivial with Java |
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218
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: September 17, 2014, 12:23:07 AM
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Guys there is really no point in keeping on with this here, it is accomplishing nothing. We can come back once supernet is up and operational and discuss what is a scam then.
Yeah, but what do you do with guys who outright lie and make up stuff? This guy is bitcoin core developer? That's really shameful. confiscate his NXT  Given he now has the source code, he should try to confiscate mine to demonstrate his claim that Nxt can be hacked. Otherwise he was blowing hot air. |
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219
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: September 16, 2014, 11:53:58 PM
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Guys there is really no point in keeping on with this here, it is accomplishing nothing. We can come back once supernet is up and operational and discuss what is a scam then.
Yeah, but what do you do with guys who outright lie and make up stuff? This guy is bitcoin core developer? That's really shameful. |
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220
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Economy / Speculation / Re: Gold collapsing. Bitcoin UP.
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on: September 16, 2014, 11:02:58 PM
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- It is marketed like a scammy penny stock.
It decentralized crypto. The "marketers" are almost all regular users on bitcointalk who invested in it. - Anon early super large stakeholders + Proof-Of-Stake == the big guys run the table, if they choose. https://download.wpsoftware.net/bitcoin/pos.pdf The central bankers are in place from Day One unless they are super-virtuous and give tons away "fairly."
The IPO was open to everyone, and it was open for 2 whole months, and it all happened in public on this exact forum: https://bitcointalk.org/index.php?topic=303898.0 and the coins were distributed to everyone who invested, with zero stakes for developer. So was Satoshi. - Closed dev process. Source is periodically handed down from the ivory tower to the masses.
The development repository was open for months. The problem started when clones started releasing new features and untested code before Nxt official release. This was done purely to deal with with that problem, and some of the clone IPOs were outright scams. - Active resistance to making it easier to independently reproduce the software
Every official release is open source and can be compiled and run. It is also possible to verify that precompiled class files match your compiled version as it's NOT obfuscated. This isn't C++. http:// - Technical criticism is routinely met with bizarre behavior (notably from come-from-beyond)
Your criticism was NOT technical. You lied and claimed that Nxt was closed source. You also implied (last month) that the reason it was closed source was that it got easily hacked when the source was open. Both of these claims were lies. Several security incidents that smell like inside jobs.[/list] That's absolutely nonsense and more shameless behavior. Valid criticism is one thing, but your behavior is absolutely ridiculous. |
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