Poll result: NXT is a proper cryptocurrency

[Jean-Luc]

Coin Shuffling. It is coming to Nxt.
The trolls are going rabid,
because now Monero is irrelevant.

[yassin54]

Coin Shuffling. It is coming to Nxt.
The trolls are going rabid,
because now Monero is irrelevant.

Hehe No comment! 

[LiQio]

^
What about your signature campaign? Any details by now?

[nexern]

Coin Shuffling. It is coming to Nxt.
The trolls are going rabid,
because now Monero is irrelevant.

technical yes but not practically, so let's face it.

the past built up envy and resentment against nxt (genesis distribution, missed chances) prevents a broader adoption
withthin cryptosphere. most of them are just to infested by all this troll nonsense hovering around.

your 'swiss clock quality/speed' feature output demystifies many other core devs also btw. this isn't welcome, because
nxt don't play by the rules and just DO things instead talking/planing endless about it. that simple.

however, if possible please keep you quality and pace because there are many projects now addressing the external
market, where users deciding unbiased just for usefullness and this is the realm where nxt shines and beat them
all, no matter what coin/platform you compare with.

edit:
i predict that nxt will increase it's active accounts/users 10 fold until end of this year.
(will mark this post and adding the numbers here: | *placeholder* | end of the year)

[iCEBREAKER]

My question was if you could prove that NXT is scam

http://www.glassboxinvestments.com/report-1-nxt/

there are a number of areas where a lack of transparency and asset-issuing best practices has raised red flags.
***cut loads***
tl;dr NXT is a scam

Nope, it isn't.

And.....you forgot the follow-up report from Glassbox:
http://www.glassboxinvestments.com/nxt-report-follow/

Thanks for that link:

As we’ve seen time-and-again in the crypto world, it’s all to easy to create an asset out of thin air, pump it full of hype and pretty rainbows, and then dump it for a profit. Revenue generation sends a clear signal that an asset is more likely to be a legitimate investment.

Speculation on the future valuation of non-profitable companies is a perfectly legitimate investment strategy – and it happens all the time in the “real world.” Just look at Twitter (TWTR), who lost $175 million last quarter. However, Twitter does have a clear business model and does generate revenue ($361 million in Q3). Although some would argue that it’s a colossal time-sink, it’s clearly not a hollow shell designed simply to get investors on board.

Speculative assets that generate NO revenue whatsoever would be riskier. A phantom service, built simply for a pump-and-dump, would be very likely to fall into this category.

Scam confirmed.

[LiQio]

^
What about your signature campaign? Any details by now?
Will you use all three lines, or just one or two?

[Come-from-Beyond]

Scam confirmed.

Bitext engine reports very little quantity of objective information in that document (below 1%). Subjective score is above 73% (above 75% would mean that the text doesn't contain factual information), the difference of 2% can be caused by this very thread that got indexed by the engine. I excluded Wikipedia articles from the index just in case. Bitext is used by linguistic experts of the Supreme Court of the United States, so I tend to trust more the engine than you. Do you have information not available on the Internet that "confirms scam"? I'd like to feed it to the engine and repeat the analysis.

[EvilDave]

Yup, it's almost completely information free. Nice work, iCE.

Thanks to CfB for the backup.........yay, science!

[Come-from-Beyond]

I recommend iCE and other FUDers to use the tool below. This will add some charm to their posts.

[jdbtracker]

NXT is the most interesting construction of them all... The design is phenomenal. It's not a scam in the way a financial scam is, it's an ideology the most dangerous of all.

The NXT platform is marketed in a professional manner, covering all bases and providing all manner of utility. It has a purpose, when I look at it, the pieces fit together.
The flexibility and the availability of scrypting utilities that are provided is astonishing; It's basically the entire Cryptocurrency movement's ecology, made into a single platform. Whatever is provided in a singular coin and their support services is all handled from the inside.

The program is even updated from the inside and hash checked automatically, it's programmed to a level of security that is unheard of, whatever it's purpose, it's ready for war.

The control of the currency is in the hands of a few caretakers, very likely passionate believers in the NXT ideology, and they have the features and technology to back it up.
Who would of thought? a Monetary system build into NXT to make your own NXT? What?! It's mimicking the entirety of the cryptocurrency movement inside itself!

When I look at SuperNet and all it's other programs... I see a concerted effort; each piece is being assembled one by one and integrated into what came before and all marketed in a way that makes it seem like they are seperate services, but there is only one SuperNet.

If I take everything provided, SkyNet, FinHive, Multi-Gateway, Pangea, TradeBots, etc... they build on each other.

SkyNET: Artificial Intelligence system for distributed automated computing. This speaks for itself no need to learn something new or train, SkyNet can give you the resources to be a pro.

FinHive: Builds upon SkyNet providing financial analysis that would cost thousands, take years of education and lengthy exams to be able to do effectively.

Atomic: Cross-Chain ledger, do transactions safely within the environment of a DAC.

Multi-Gateway/InstantDex: Safe decentralized place to exchange currencies.

TradeBots: Gain benefits from the emerging insights of other users.

FreeMarket: Decentralized Marketplace, buy and sell anything listed.

DeBuNe: Decentralized Business Network, Juxtaposed against SkyNet this provides easy access to experts/ businesses and freelancers that can compliment the AI's intelligence by providing real world benefits, plus a natural fact checking feature provided by real people.


It impresses me that it is all being built slowly but surely. I merely have to see what is available in the Bitcoin ecosystem to see what will be built NXT.

I can't wait.

NXT is a Decentralized Automated Organization.

Throw in the voting feature, distributed storage, and other featured detailed in the Technology tree and NXT starts looking like a cross between a government and a Distributed Operating System.

I talked with BCnext when they were still considering the design of NXT; The approach that they took struck me as odd, I though maximum market share would be a better design, but that's not what BCnext wanted, they wanted a slow growth rate. Looking back... now I understand, and it makes me wonder what it was that they wanted to achieve that was so profound that they had to see if Humanity was prepared to accept their vision.

A Global Decentralized Operating System for every man, woman and child across the earth. I'm guessing here, but it's the only direction the technology tree leaves room for, NXT is free and extremely powerful in it's final form.

http://www.nxttechnologytree.com/

[Hollowman338]

NXT is the most interesting construction of them all... The design is phenomenal. It's not a scam in the way a financial scam is, it's an ideology the most dangerous of all.

The NXT platform is marketed in a professional manner, covering all bases and providing all manner of utility. It has a purpose, when I look at it the pieces fit together.
The flexibility and the availability of scrypting utilities that are provided is astonishing; It's basically the entire Cryptocurrency movement's ecology, made into a single platform. Whatever is provided in singular coin and their support services is all handled from the inside.

The program is even updated from the inside and hash checked automatically, it's programmed to a level of security that is unheard of, whatever it's purpose, it's ready for war.

The control of the currency is in the hands of a few caretakers, very likely passionate believers in the NXT ideology, and they have the features and technology to back it up.
Who would of thought? a Monetary system build into NXT to make your own NXT? What?! It's mimicking the entirety of the cryptocurrency movement inside itself!

When I look at SuperNet and all it's other programs... I see a concerted effort; each piece is being assembled one by one and integrated into what came before and all marketed in a way that makes it seem like they are seperate services, but there is only one SuperNet.

If I take everything provided, SkyNet, FinHive, Multi-Gateway, Pangea, TradeBots, etc... they build on each other.

SkyNET: Artificial Intelligence system for distributed automated computing. This speaks for itself no need to learn something new or train, SkyNet can give you the resources to be a pro.

FinHive: Builds upon SkyNet providing financial analysis that would cost thousands, take years of education and lengthy exams to be able to do effectively.

Atomic: Cross-Chain ledger, do transactions safely within the environment of a DAC.

Multi-Gateway/InstantDex: Safe decentralized place to exchange currencies.

TradeBots: Gain benefits from the emerging insights of other users.

FreeMarket: Decentralized Marketplace, buy and sell anything listed.

DeBuNe: Decentralized Business Network, Juxtaposed against SkyNet this provides easy access to experts/ businesses and freelancers that can compliment the AI's intelligence by providing real world benefits, plus a natural fact checking feature provided by real people.


It impresses me that it is all being built slowly but surely. I merely have to see what is available in the Bitcoin ecosystem to see what will be built NXT.

I can't wait.

NXT is a Decentralized Automated Organization.

Throw in the voting feature, distributed storage, and other featured detailed in the Technology tree and NXT starts looking like a cross between a government and a Distributed Operating System.

I talked with BCnext when they were still considering the design of NXT; The approach that they took struck me as odd, I though maximum market share would be a better design, but that's not what BCnext wanted, they wanted a slow growth rate. Looking back... now I understand, and it makes me wonder what it was that they wanted to achieve that was so profound that they had to see if Humanity was prepared to accept their vision.

A Global Decentralized Operating System for every man, woman and child across the earth. I'm guessing here, but it's the only direction the technology tree leaves room for, NXT is free and extremely powerful in it's final form.

http://www.nxttechnologytree.com/

But the icecream guy assured me it was a scam.. 

[EvilDave]

@jdbtracker: excellent post, mate. You do a better overview of Nxt than me......

[hiddensphinx]

I see the heading of this thread has changed from "Is NXT a scam" to " NXT is a proper cryptocurrency"

but trolls still stick around here

[iCEBREAKER]

If I take everything provided, SkyNet, FinHive, Multi-Gateway, Pangea, TradeBots, etc... they build on each other.

SkyNET: Artificial Intelligence system for distributed automated computing. This speaks for itself no need to learn something new or train, SkyNet can give you the resources to be a pro.

FinHive: Builds upon SkyNet providing financial analysis that would cost thousands, take years of education and lengthy exams to be able to do effectively.

Atomic: Cross-Chain ledger, do transactions safely within the environment of a DAC.

Multi-Gateway/InstantDex: Safe decentralized place to exchange currencies.

TradeBots: Gain benefits from the emerging insights of other users.

FreeMarket: Decentralized Marketplace, buy and sell anything listed.

DeBuNe: Decentralized Business Network, Juxtaposed against SkyNet this provides easy access to experts/ businesses and freelancers that can compliment the AI's intelligence by providing real world benefits, plus a natural fact checking feature provided by real people.

NXT is a Decentralized Automated Organization.

Throw in the voting feature, distributed storage, and other featured detailed in the Technology tree and NXT starts looking like a cross between a government and a Distributed Operating System.

prepared to accept their vision.

A Global Decentralized Operating System

What a crapulent utopian heap of blue-sky marketecture, mission creep, and feature-bloat!

If more than one of those vaporware unicorns actually existed, it would be dependency hell.

NXT's near-infinite ambitions so far exceed its scam-asset-platform core competency that an apt metaphor escapes me.  I literally can't even.

[jdbtracker]

I understand what they are trying to accomplish, it is what Bitcoin has already done, but they are building a iron curtain around it.

The design of Bitcoin was to do one thing very well, Finance, one of many uses for the Blockchain. The community was to build around it, giving each member a chance to create something great to succeed for themselves and many have. The meme of the Blockchain has spread successfully to fill in further gaps in Bitcoin's services.

NXT on the other hand is extremely ambitious, they are building it all themselves behind the defenses of the NXT Blockchain. A very ingenious thing, but no guarantee that they will accomplish it successfully. The leaders of NXT are determined and without a doubt will accomplish what they have set out to do, but they will need support to do it in a timely fashion. The development environment that they are working in is no doubt a hostile environment, they feel controlled dissemination is necessary to bring forth their vision uncorrupted.  It's a grand vision and I know for sure that even when NXT is fully built it will not be BCnext's vision, but a stepping stone towards it.  I can imagine it will be grand if it requires such careful planning.

Their ideology is NOT one that values Money but Human Capital... their monetary system renders NXT secondary to the user created assets, empowering the user to create Value & Wealth with NXT used only as a Arcade Token to play. It makes me think that it is merely a tool, an interface for enhancing users decision making ability on a grand scale, from there only Science Fiction ideas come to my mind: Global Distributed AI, Verified Information, Dynamic Job Assignment... this is a paradigm shift re-organizing the way things are done globally independent of Nations, Governments and Corporations.

A world controlled by Smart Contracts exchanging assets and commodities of all types and sizes world wide; Trade-bots allocating resources sharing dividends with investors; AI learning and adapting to global Demand & Supply with Independent Business support... Quite possibly causing the Singularity to occur through Crowd-Sourced insight of all Human knowledge verified by AI assistants.

but of course they have to finish it first. 

[DecentralizeEconomics]

Coin Shuffling. It is coming to Nxt.
The trolls are going rabid,
because now Monero is irrelevant.

Monero will soon become Nomorero.   

[Sarahiko]

NXT could have been  the next biggest cryptocurrency because of its large user base but some programmer mess it all up, and many have called it a scam because of the few holding the bags.

[yassin54]

"We are the descendants of Bitcoin. We are the continuation of the cause it started, but that perished with its centralization. Come in NXT."

https://twitter.com/MagicNxt/status/645496179569131520 RT 

[yassin54]

@jdbtracker Just beautiful post 

[jdbtracker]

Just speaking my mind that is all. it's all speculation... but it would explain why they are holding the bag; Something big is afoot.

It just seems obvious to me what will happen when you give free expert knowledge to everyone and give them tools to use it. What if everyone had a 3D printer capable of building whatever they wanted? What if you had a assistant that was versed in all aspects of Law, Trade, Medicine, Science, Manufacturing, etc? Could speak every language on earth?

It would erase all barriers that we live under now; no need for jobs, economic development would be a joke; Language would be an abstract concept, merely a tool to transcribe ideas: Whatever you can dream of building can become a reality with the right resources.

The Engineers, Scientists, Business leaders, Doctors role as community advisers would be gone. We are already starting to see that, but still can't quite be sure that what we are reading is real or not.  too much misinformation going around to be useful... even getting useful cooking information on the internet can be daunting.

It's the dream of a decentralized world, information is free, new and better services are being built every day, and the last bastions of power, Finance, Business, Science, Manufacturing are being decentralized. It's only a matter of time. I think NXT is trying to build a network to consolidate and incubate those ideas within a small community. The foundations to do it are there, but we'll see how it goes.