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Poll
Question: Is NXT a scam?
Yes - 49 (24.4%)
No - 152 (75.6%)
Total Voters: 201

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Author Topic: Poll result: NXT is a proper cryptocurrency  (Read 24833 times)
yellowff
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September 10, 2015, 10:48:57 AM
 #101

I can't vote but I think no because of the various reasons highlighted above
tat123
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September 10, 2015, 11:02:24 AM
 #102

What did AnonyMint, just say?  Shocked

And no, I also don't think NXT is a scam. Don't own any, but that may change one day. Fiery community that doesn't take any shit. Sometimes a little too fiery.


AnonyMint... you did what?
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September 10, 2015, 12:18:02 PM
 #103

did you know that it's possible to launch a mineable PoW monetary system (MS) coin that runs on top of the NXT platform? You need to open your mind and do more research, NXT is more than a coin, and your love of mineable coins is being catered for!

Why would I launch a mineable PoW monetary system (MS) coin that runs on top of the NXT platform when I already have Bitcoin? I'm very open minded and know Bitcoin's worth, thanks.

Can you imagine a scenario where a small community might want to use the power of a crypto currency that's distributed among them using PoW, but there aren't enough users to ever secure their own PoW network? The community would want to control as much as possible about the coin, so using Bitcoin wont work as most of the variables are already set, and the value is too volatile.

Think hard, and I'm not talking about you personally here either, just a group of people anywhere in the world who might want to use a crypto currency between themselves. I can think of literally millions of cases (my mind is very open), and many use cases don't suit bitcoin.

Bitcoin is cool and worth a lot for what it can do, but it isn't appropriate in every use-case where a PoW coin might be useful, BUT, that's ok because the NXT MS can cater for many other use-cases, including small niche cases, like a school community, workplace, apartment block etc.

How many P2P nodes do you need running 24/7 to secure a PoW network? More than many niche coins could ever guarantee on their own network, so they either use an existing crypto like bitcoin, or start their own MS coin.

I'm currently working on a proposal for a 'school coin', distributed using PoW, with a fixed supply that's reached within 12 months. I also want to peg the value of the coin to 1 cent. This coin would be very useful in a small school community of ~500 students as a 'rewards' system, and I can make it using a NXT MS coin quite easily. AFAIK there isn't any other viable option open to me.
Why PoW?
RealBitcoin
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September 10, 2015, 05:37:05 PM
 #104

NXT is the 13th largest cryptocurrency, and it has well respected dev team and tons of support.

Now it has a pause period now, but if the work continues it will be worth x10 x100 x1000 more, if the people will like their new features!

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September 10, 2015, 08:38:14 PM
 #105

NXT is the 13th largest cryptocurrency, and it has well respected dev team and tons of support.

Now it has a pause period now, but if the work continues it will be worth x10 x100 x1000 more, if the people will like their new features!

NXT used to be in the top 5 and is number 13 now.
Keep on dreaming fanboy.
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September 10, 2015, 09:21:06 PM
 #106

NXT is a scam.  It's like Supernet 1.0.  Promises to do everything and then make dinner, but actually still does nothing significant.

Even if it isn't right now, NXT may become a scam because it is proof of stake and the devs can move/create coins as they see fit.

Also, Java's attack surface...GTFO n00bs.   Cheesy

Quote
The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

Programming languages used in most popular websites
Back-end (Server-side):
1. Java  with 7 mentions

https://en.wikipedia.org/wiki/Programming_languages_used_in_most_popular_websites

RealBitcoin
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September 10, 2015, 11:40:10 PM
 #107

NXT is the 13th largest cryptocurrency, and it has well respected dev team and tons of support.

Now it has a pause period now, but if the work continues it will be worth x10 x100 x1000 more, if the people will like their new features!

NXT used to be in the top 5 and is number 13 now.
Keep on dreaming fanboy.

Yes because new craps like Ethereum and other crap came along.

They dont even fucking have a client, and they have more money than NXT which is fully useable with tons of features. Now that is a big pump.



Just wait after the ethereum dump will happen NXT will take over all of  them.

box0214
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September 11, 2015, 12:16:03 AM
 #108

good marketing = good pump

nxt has no marketing department, its just us folks helping out on managing the trolls.
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September 11, 2015, 12:35:02 AM
 #109

NXT is a scam.  It's like Supernet 1.0.  Promises to do everything and then make dinner, but actually still does nothing significant.

Even if it isn't right now, NXT may become a scam because it is proof of stake and the devs can move/create coins as they see fit.

Also, Java's attack surface...GTFO n00bs.   Cheesy

Quote
The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

Programming languages used in most popular websites
Back-end (Server-side):
1. Java  with 7 mentions

https://en.wikipedia.org/wiki/Programming_languages_used_in_most_popular_websites



#R3KT


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
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RealBitcoin
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September 11, 2015, 12:36:17 AM
 #110

NXT is a scam.  It's like Supernet 1.0.  Promises to do everything and then make dinner, but actually still does nothing significant.

Even if it isn't right now, NXT may become a scam because it is proof of stake and the devs can move/create coins as they see fit.

Also, Java's attack surface...GTFO n00bs.   Cheesy

Quote
The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

Programming languages used in most popular websites
Back-end (Server-side):
1. Java  with 7 mentions

https://en.wikipedia.org/wiki/Programming_languages_used_in_most_popular_websites



#R3KT


I dont understand the metaphore? Can you explain?

How is NXT close to MTGOX?

iCEBREAKER
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September 11, 2015, 12:40:14 AM
 #111

NXT is a scam.  It's like Supernet 1.0.  Promises to do everything and then make dinner, but actually still does nothing significant.

Even if it isn't right now, NXT may become a scam because it is proof of stake and the devs can move/create coins as they see fit.

Also, Java's attack surface...GTFO n00bs.   Cheesy

Quote
The only way to make software secure, reliable, and fast is to make it small. Fight Features. - Andy Tanenbaum 2004

Programming languages used in most popular websites
Back-end (Server-side):
1. Java  with 7 mentions

https://en.wikipedia.org/wiki/Programming_languages_used_in_most_popular_websites



#R3KT


I dont understand the metaphore? Can you explain?

How is NXT close to MTGOX?

NXT = Java = popular websites = MtGox


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
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Is Dash a scam?
bcdev
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September 11, 2015, 12:43:58 AM
 #112

MtGox was written in PHP. Smiley
iCEBREAKER
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September 11, 2015, 01:00:39 AM
 #113

I dont understand the metaphore? Can you explain?

How is NXT close to MTGOX?

NXT = Java = popular websites = MtGox

NXT = Java = popular websites = MtGox

Can you do anything other than troll and conflate separate concerns?

Java == MtGox. You've just destroyed any shred of credibility you had remaining.

MtGox was written in PHP. Smiley

I was asked to explain the metaphor, and that's what I did.

You three don't understand that metaphors are not literal?

I'm sorry your education failed you guys so badly.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
iCEBREAKER
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September 11, 2015, 01:37:26 AM
 #114

I dont understand the metaphore? Can you explain?

How is NXT close to MTGOX?

NXT = Java = popular websites = MtGox

Can you do anything other than troll and conflate separate concerns?

Java == MtGox. You've just destroyed any shred of credibility you had remaining.

I was asked to explain the metaphor, and that's what I did.

Metaphors should be logical.

Metaphors should be apt.

If they were strictly logical (ie literally true) they wouldn't be metaphors!  You've just destroyed any shred of credibility you had remaining.

As when Galvin used 2MB web pages to justify XT (only be to #R3KT by Szabo), rationalizing Java for crypto/Ecash "Because Popular Websites" is begging for a snarky MtGox reference.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
BitUsher
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September 11, 2015, 02:41:04 AM
 #115

https://web.archive.org/web/20150811052336/https://blogs.oracle.com/maryanndavidson/entry/no_you_really_can_t

Oracle supports security through obscurity model and embarrassingly demands their clients to stop reverse engineering and looking for flaws within their products.
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September 11, 2015, 02:46:27 AM
Last edit: September 11, 2015, 03:44:47 PM by TPTB_need_war
 #116

I dont understand the metaphore? Can you explain?

How is NXT close to MTGOX?

NXT = Java = popular websites = MtGox

Can you do anything other than troll and conflate separate concerns?

Java == MtGox. You've just destroyed any shred of credibility you had remaining.

I was asked to explain the metaphor, and that's what I did.

Metaphors should be logical.

Metaphors should be apt.

If they were strictly logical (ie literally true) they wouldn't be metaphors!

The definition of 'logic' is not 'literally true', rather a logical metaphor is one that doesn't have an obvious case of dissimilarity or where the similarity does not exist.

MtGox was programmed in PHP thus Java has an obvious direct dissimilarity with MtGox which is stronger than the transitive similarity you argued comes from popular websites because in fact you would be arguing every popular website is both MtGox and Nxt.

Logic fail. And this is why you are not worth shit. Go hide under a rock loser. You aren't worth another second of my time.

Note to readers I am treating iCEBREAKER so harshly because he is so incredibly disrespectful to everyone. Just read his archives.

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September 11, 2015, 03:42:47 AM
 #117

I dont understand the metaphore? Can you explain?

How is NXT close to MTGOX?

NXT = Java = popular websites = MtGox

Can you do anything other than troll and conflate separate concerns?

Java == MtGox. You've just destroyed any shred of credibility you had remaining.

I was asked to explain the metaphor, and that's what I did.

Metaphors should be logical.

Metaphors should be apt.

If they were strictly logical (ie literally true) they wouldn't be metaphors!

The definition of 'logic' is not 'literally true', rather a logical metaphor is one that doesn't have an obvious case of dissimilarity or where the similarity does not exist.

Wow, you sure can use a lot of words to describe what most people would simply call "apt."


MtGox was programmed in PHP thus Java has an obvious direct dissimilarity with MtGox which is stronger than the transitive similarity you argued comes from popular websites because in fact you would be arguing every popular website is both MtGox and Nxt.

Logic fail. And this is why you are not worth shit. Go hide under a rock loser. You aren't worth another second of my time.

I never said Gox was programmed in Java, but go ahead and keep beating that strawman.

Keep pretending 'Because Popular Websites' is a good reason to use Java for e-cash.

In the unlikely event it ever actually exists, I'm going to make sure your Scamcoin is the biggest failure since XT.   Grin


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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September 11, 2015, 03:54:57 AM
 #118

I read more coment above, but im still confusing about NXT
NXT is scam if this coin can't used to pay something, but this coin can use to create other "new cryptocurrency" called NXT asset

so why people think NXT is scam coin ?
iCEBREAKER
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September 11, 2015, 04:00:42 AM
 #119

I read more coment above, but im still confusing about NXT
NXT is scam if this coin can't used to pay something, but this coin can use to create other "new cryptocurrency" called NXT asset

so why people think NXT is scam coin ?

NXT is not just a scam coin, it's also a scam platform which supports creation of scam assets backed by nothing but vapor and hype.


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Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
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September 11, 2015, 04:21:35 AM
 #120

NXT = Java = popular websites = MtGox

And iCEBREAKER will never become a rational amicable person with fairly balanced views with an open mind.

I know, I'm back after a long break and now am collecting trolls to play with. He is quite promising.


I don't know CfB looks like that troll is pretty canned, grumpy and it's logic often fails completely. Definitely a real piece of work.

Good luck with the training  Smiley
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