A few people asked but I'm not sure there was ever an answer about why the original 75%-25% figure is not being upheld?
Yes, total BS. It's actually 65% (for development) and 45% for stakeholders. That's the distribution . Not sure about Crypti but that was really inaccurate about NODE. NODE team actually has 40% of the total supply (at least the genesis address hasn't been touched, yet) and they don't even tell people what they're doing. Actually their piss off attitude towards early adopters is what is hurting the value of their coin. |
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No, I'm afraid that's incorrect.
Very good, I'll wait for the analysis publication then. unless there is a good reason not to, I agree with releasing the analysis. There is still the extended redemption of two months. It does not make any sense to release an analysis publication until the extended redemption is over (2 months after launch), otherwise it would give those people between 2 months to a year from today (after reading said publication) to find ways to circumvent detection. As for the extended redemption - absolutely in no circumstance should it be processed by a per person basis. NEM should only sent until after the two months are over and Patmast3r had time to look at all the late redemption requests and conduct sock analysis. If that isn't done then I would be highly suspicious of this coin as most definitely sock masters would pass through if it was like: *Applies and gets coins within 20 seconds with no analysis* |
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Whatsapp is newer than Bitcoin and has 300 million users. Instagram is newer than Bitcoin and has 200 million users. Even on that website instagram people are making literal fortunes and it's not restricted to the people, unlike Bitcoin, who bought back in 2009. It is a better investment to devote time to instagram than bitcoin.
There's countless countless examples of things newer than Bitcoin which took off. These are systems that operate within an established paradigm, all of them incremental improvements (?) over previous ones. You see much the same in other contexts. Facebook (not even the first social network) took around 2 years to grow to 10 million users and 4 years to grow to 100 million users, yet newer systems reach that milestone much faster. Decentralized finance is a much bigger paradigm shift than yet another social network. Wasn't talking about paradigm shifts and Bitcoin built on predecessors. There are recent estimates that eGold both had a bigger capitalization and userbase than Bitcoin and that was many years ago. The idea of digital money and payments goes back to the 1990s and it did not stop PayPal from hitting 150 million users and a capitalization of $40 billion (their capitalization is calculated differently from Bitcoin. If PayPal was a store of wealth like BTC then PayPal would be $Trillions, after all they dominate internet payments!) |
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No cryptocurrencies at all are in wide use. This is a small niche that does not appear to be getting much bigger. The average person does not have a clue about how to use or why to use crypto.
All objective metrics show it getting bigger, just at a fairly modest rate. Your ears and nose get bigger as your age and some allege they continue growing after you die. Maybe Bitcoin continues to acquire more users but is otherwise a dead man walking. The Ottoman Empire of digital currencies, the sick man. Whatsapp is newer than Bitcoin and has 300 million users. Instagram is newer than Bitcoin and has 200 million users. Even on that website instagram people are making literal fortunes and it's not restricted to the people, unlike Bitcoin, who bought back in 2009. It is a better investment to devote time to instagram than bitcoin. There's countless countless examples of things newer than Bitcoin which took off. Bitcoin at 250,000 users over 6/7 years (an eternity in tech) has not taken off and perhaps never well. Did you know Jed McCaleb was going to get Wells Fargo into Bitcoin but that felled through due to Mt Gox and his association with it? That is, perhaps, the date of when Bitcoin died and nobody wants to acknowledge it. http://www.coindesk.com/history-ripple-stellar-tell-all-report/ |
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Bitcoin hasn't been adopted in general - only 250,000 users (addresses are not people). If you really want to make the Bitcoin evangelicals moody then point out that many alternates have a capitalization and userbase which took Bitcoin years to attain.  |
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$400 billion debt. How many barter transactions, of exchanging boxes of apples for olive oil, do you need to bust to pay that monster debt down?  |
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can u elaborate on whats the difference with nem and nxt?
NXT was started first and had a fair distribution period. Everyone had ~2 months to send some BTC to an address and the most anyone could send was 1 BTC. It was capped at 21 bitcoins, symbolic of the max bitcoin limit of 21 million. There were only 73 people who sent money. NEM was started after NXT was launched and successful. UtopianFuture (aka TaunSew) started NEM because he was jealous at NXT's success. He unsuccessfully attempted to copy NXT's ideology to promote NEM and claimed NEM was an "egalitarian" cryptocurrency. Originally (before UtopianFuture changed the OP), NEM was advertised as a free coin. No one had to pay anything to get a stake. After a while (around a couple weeks), UtopianFuture decided to start charging for stakes. The longer you waited the more expensive a stake cost. During this time as was revealed later, UtopianFuture created a ton of sockpuppet accounts on Bitcointalk so he could claim multiple free stakes. THE RULE IN NEM ACCORDING TO HIM INITIALLY WAS ONE STAKE PER PERSON! UtopianFuture was blatantly lying to people and stealing multiple stakes for himself. Other honest individuals followed the rules and only claimed ONE STAKE because they have morals and aren't lying thieves. Only after UtopianFuture claimed his multitude of stakes did he start charging others for stakes. Supposedly that money went towards development. Personally, I'm highly suspicious of this because UtopianFuture has a track record of lying. Once it came to light that UtopianFuture claimed multiple stakes for himself, supposedly there were several "sockpuppet searches" to find duplicate stakes. Of course, anyone can fool these by using tor or vpns to change their IP. Supposedly, these were done in secret so no cheaters would know how to counteract the search mechanism. Like I really believe UtopianFuture wasn't aware of what they were doing. After all this came out, UtopianFuture supposedly "resigned", but I'm sure he is still active under multiple sock accounts. So basically, UtopianFuture claimed tons of free stakes, charged everyone else for development (he got his development free) and when he was discovered "resigned" and got to sit back on his ass while everyone else did the work. Nothing like lying and tricking people to make money all while pretending to be the savior of the cryptoworld. Also, when others called him out on his actions, he tried to take away their stakes. This is why NEM is a joke and UtopianFuture is a liar and a fraud.  He asked for the difference between NEM and NXT. Not your mouth foamed interpretation of an episode you saw on Scooby Doo. "Fair distribution" in crypto currency is usually rhetorical slang for anti-whale. NXT had 8 addresses which received 50 million each and addresses =/= people, so King Beluga Caviar could have the last laugh on us. The NXT equivalent of 50 million to total supply is 200 NEMstakes and I don't think anyone, despite your assertions that I am him, could had slip past that many times during the multiple waves of sock analyses (ran by volunteering third persons). NXT has whales and NEM does not. Besides being anti-whale is only one bulletin point for NEM. The best NEM and NXT comparison would be an analyses between the core features. If NEM was really just a clone then you wouldn't be obsessed about it and CfB wouldn't be gleaming over its' features. https://www.o.info/index.php/How_to_issue_a_cryptosecurity |
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First sentence runs in contradiction to the title. Beyond trolls on Bitcointalk, who has any real use for anomymity coins beyond pedophiles and terrorists? Ditto. I'm sure people will come out of the wood work to naysay me but you know I am right.
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Some people seem confident that the price of Bitcoin will go up to $10k+ and anything below $1k is a deal. I don't see it. Bitcoin may be deflationary but it's not the only system in place. Unless a large part of the population of the world were forced to used Bitcoin could this happen. And altcoins essentially are deflating the market.
Bitcoiners hate $Fiat but the only thing they hate more are alternates. There might be viral coverage of Bitcoin but the masses are still ignorant about it and/or refuse to use it. There were estimates from last year from reputable people like Jeffrey Robinson that there was only 250,000 unique persons using Bitcoin (yes there might be millions of addresses but addresses are not people and most of them are empty). This is compared to where people are definitely interested about crypto currencies but something about Bitcoin if off-putting for them. Add in the $2 million a day which the high class mining whores are dumping, and early adopters from 2009 who are still selling, I can't forsee Bitcoin going up anytime soon or even years from now. |
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Remember when the Bitcoiners were excited about the prospect of ISIS using Bitcoin and making them all rich? Should be proof for the authorities that Bitcoin is ill-intent. |
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Most volume out there are bots or exchanges trading between their own accounts. December 2013 woke up a lot of BTC whales, who bought and forgot in 2009, and many of these new millionaires still need to dump their overnight fortunes.
BTC isn't going up for a long time.
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Rich?
I have more than the Kings of England could have imagined 100-200 years ago.
Really? Then I want to hangout with you. Especially with your comparison to a monarch from 100 years ago. I want to see your private steamer, mansions in multiple European countries, armies of servants, prized horses and hunting dogs and all the female courtiers you fool around with. |
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Home and property ownership was fairly high in the 1890s - if you were willing to relocate to the frontier. Likewise after WW2, the GI housing bill and automobile ownership is what triggered the suburban housing revolution.
Today it is a lot harder to live in prior times. In my area, a 3 bedroom home can start at $700,000 and people who graduated from law school or the engineering program wonder how they are supposed to get on the property ladder.
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can u summarize what the fuss is about?
NXT bagholders who bought in at $80+ million, NXT is now $13 million and never going back up and bagholders have low blood sugar and are upset. NxT in a nutshell.   You know UtopianFuture... if you weren't such a jealous assh*le who lied and scammed a bunch of people out of their BTC and NXT with that ridiculous scam called NEM, you might be a decent guy. You tried to steal the ideology behind NXT, but you failed because your true intention wasn't to liberate your fellow man but instead to make as much BTC and NXT as you could for yourself because you were jealous at those who legitimately made money. NEM will always be a joke and you will always be a fraud because of your actions. How do you feel knowing that you made your money off lying to individuals? Don't expect me not to say anything to you just because you're beating up on Bitshares with the rest of us. Bitshares deserves to be called out for their actions, but so do you. If you think NXT isn't going to go up, then why were you scamming people for it? Who knows how many of those NEM stakes you have... probably hundreds. Pathetic. And don't even try to claim you're not UtopianFuture. I don't need a speech analysis report to tell me who you really are. Save it for someone who will believe it. Not UtopianFuture and there's other speech analysis and additional forensic evidence to prove I am not him. You guys are beating the bush and think that by associating me with NEM that it'll harm NEM and some think that'll make NXT go back up to $80. NXT went down because of all the inside jobs and thefts (see Jeff Garzik and other reputable and trustable public figures vs. NXT's completely anonymous characters) Here's a food for thought - NEM itself has sold for 99,999 NXT just weeks ago in February 2015 when it first entered the asset exchange around 30,000 NXT in August 2014. It's NXT which has lost all its' value. You guys all know my main BTC / NXT wallets, nothing huge going into them All the fund raised BTC / NXT went to the core development team NEM has gone through like 3 to 4 waves of sock analysis https://nxtforum.org/index.php?topic=1726.msg56183#msg56183Go message UF yourself I have yet to ever ever come across anybody who claimed they were scammed by UF. Scammed of what? UF didn't keep the fundraised amounts and he was probably outted by all the sock analysis. My earlier point still stands Eat it up |
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can u summarize what the fuss is about?
NXT bagholders who bought in at $80+ million, NXT is now $13 million and never going back up and bagholders have low blood sugar and are upset. NxT in a nutshell. |
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Awhile back there was a scare among the community of dev's that big brother was looking into them and going to have a field day. Did anyone think for a second that these steps are legal precautions where every word may now be monitored and used against them in a court of law? Perhaps those letters did get mailed and this is a lawyers reaction?
I don't understand why they're doing this in the US. That seems like an extremely poor choice of venue for a project like this. Even if they try to do everything by the book I wouldn't be surprised if it's costing them hundreds of thousands of dollars in legal fees. Ethereum moved to Switzerland I believe. There's probably quite a few good places in Asia that would be much better suited for this type of project I think. The cost/benefit to staying in the US seems off to me, but maybe there's something I'm not considering. Developers need to watch their steps carefully, freedom and support of entrepreneurship is long gone. Most countries have shifted financially to guilty until proven innocent. However sad this situation is, there may be no alternative until crypto becomes a widely support positive business. The world is getting smaller: http://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_ActCountries (politicians) have become more worried about getting votes by speaking of highly controversial topics instead of pushing for job creation. Hard to imagine why a country, perhaps one that is struggling financially, has not been an advocate of crypto and would back investors who create jobs around this field. That is not why Ethereum moved to Switzerland. They did an initial IPO and accepted BTC back in January (20140 but then the Ontario Government (Canada) came at them for running an illegal crowd fund and they had to shut it down. However to resurrect the same IPO, months later, in another country isn't going to absolve them of a crime in the long run once Ethereum gets too big |
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Hilarious |
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The guy is privileged and thinks his country is representative of 8 billion humans. Besides, the McDonalds worker might be able to relocate their job but definitely not their pay. Daniel can make his $1,305 a month as a delegate and keep that income anywhere in the world (no work visa needed) and live like a king. Before the war and inflation a household income (two working adults) in much of Eastern Europe was only like $1000 and many of those people had university educations and even professional training. Or try the third world http://www.sihanoukvilleproperty.com/info/property/774See Daniel: I was able to find a house big enough for your mom, brother, twelve cats and any men mistresses who might want to come along and only $600 - so you still have $700 to spend on the pizza delivery and local prostitutes I put on speed dial. |
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