and what almost the entire pro bitcoin/anti-fiat crowd want;

more fiat


 

you do realise that VCs and Wall Street don't enter the game to make you money 

if btc is a train wreck, nxt is a plane crash (and with only the crew onboard) ie game over a hell of alot faster  

the obvious; litecoin 

yeah right lets not get carried away here and kid ourselves, its not like anyone wakes up in the morning and goes damn I can't get through my day without having some bitcoin.

i'm affraid all cryptos including bitcoins main market driving force is;

http://en.wikipedia.org/wiki/Greater_fool_theory

in the current scenario litecoin is a safe haven if the sky does fall for bitcoin over this fork.

time to switch to litecoin, just to be safe  

  we need less politics 

easy return back with that except i'm far from a bitcoin fan.

i've said many a time before todate the only thing good to ever come out of cryptos is the 'idea'.

however i'd also say if NEM was out first and bitcoin followed years later, i'd say bitcoin was a massive improvement ie mainly alot simplier and easy to deal with.

so yeah new or original code doesn't automatically make it better. though it seems the default sales pitch around this joint.

think the main thing required for any crypto to be useful as a currency is KISS

and i can tell you now bitcoin itself is too much for average joe to get his head around.

yes i received my stake yesterday, after the initial round not caring too much for claiming.

happy to have some to play and experiment.

to me though being honest, and many would have guessed this already, NEM is like every bad idea i've seen in the history of the forum rolled into one coin.

oh well watching with interest

seems alot of oldies are on the uptrend, i'm curiously holding station   

if we're being honest the dynamics behind crypto trading is simply the greater fool theory;

http://en.wikipedia.org/wiki/Greater_fool_theory

i think any genuine crypto should welcome my questions and my criticism. i'm one of the very few members here not out for the fiat (my history would show that), but trying (and yet to find) a genuine useable, properly decentralised, p2p currency. 

certainly i'm highly critical of nem, so many shitcoins, and scams around here only a fool would have blind faith in any of this. some of it has merit though, but also appears to have fizzled from initial hype.

i'd say a further retreat unless some sort of wow comes out of it.

fixed it for you 

altcoin's a perfectly ok name, though i also consider bitcoin an altcoin, being an alternative to fiat coins.

answer; people working in their own best interest and not that of the network.

even in this case thats not the point, it is an exploit, because genuine users who wish to support the network are unfairly disadvantage by those who are out for their own interest.

i mean the whole point in NEM twigging existing POS system was to make it fairer for genuine network participates over hoarders, and its twig now makes the exchanges (who aren't even genuine holders) now have a huge advantage over genuine network participants.

1 step forward 1 step back, nil gain over existing rich get richer POS.

+1 reply of the day 

well it is an issue, as non dumping types who support the network are disadvantaged.

often those sending to the exchanges aren't usually caring about the best interest of the network.

also with any crypto points of centralisation such as exchanges aren't in the balance of things a positive thing for currencies attempting to be truly p2p (though i can understand the benefits for the crypto community in its infancy).


you can not seriously call an exploit where a non holder can hold coins stake them and increase network participation based on other holders coin a non issue. especially when on the most part people gave them the coins to sell rather then to use for their own gain.

no exchange should be staking coins, thats a given in the crypto community, its bad for any POS coin.

tbh there is no point in the whole NEM equation if you want to pick and chose what is fair network participation, it defeats the main point of having a hard coded mathematical equation as the backbone of trust in a network.

(i must give NEM credit though you did solve a password software exploit, present in similar systems that I won't go into here, that's a pleasant surprise i have to admit, and shows there was some competence in atleast one of the devs).

one piece anecdotal evidence is next to ZERO proof against the exploit possible by exchanges.

just saying one particular exchange at this point in time isn't fully exploiting its potential position doesn't say at all that exchanges can't exploit this, and sooner or later they will.

(and even in this case pol has any outstanding level of importance considering its its users coins its using to obtain such a level.)