NXT :: descendant of Bitcoin - Updated Information

[katsoo]

It takes Soooo long to receive NXT from dgex, and even though it's a big ol 125, it's something! Im throwing all my spare change into this, because it shows a lot of promise. I think it's a few bucks well spent. Besides, I've been told (jokingly)I better make a few thousand dollars by the end of the month(three days? really?). Man, I hate it when folks don't get what it is we are doing. Scam scam scam, it's all my family ever tells me with altcoins, and now this. bah! I'll show em.

Don't invest more than you can afford to lose.

I'd like to second this. Be careful with your money and only invest what you can safely miss. Read up on the coin and make a plan.

No worries, I promise    

[msin]

then maybe you'd want to listen to their concerns.

And do exctaly what in decentalized system? U're concerned so stay sway. It's very important in investor's career to fully understand what's going on and predict future.

For a currency to succeed, it needs to be used and accepted by lots and lots and lots of people. If you own NxT, it's in your best interest to listen to potential investors' concerns. Your mentality "If you don't like this, then stay away" is not gonna fly in the long run if you want this currency to succeed.

You may be fooling yourself if you believe you're fighting for the "good of nxt", but your last dozen or so posts have been focused not on the distribution of coins, but rather how much the initial investors have made. This sends a clear signal to everyone that a) you're angry you missed a good opportunity and b) you're simply trying to spread FUD to lower the price.

Everyone here wants the coins to be spread. In fact, if you look at the coinmarketcap.com, you'll see that NXT has one of the highest trading volumes of all the coins, so I'd say we're doing okay. We can always do better, but it's not the doom-and-gloom you make it out to be.

I'm just somebody that would like to invest a few thousand dollars worth into this coin. But by doing the math on the growth in the last 2 months, and also understanding that all 1 billion coins have already been generated, the 600,000% price differential to original IPO investment is concerning to me. At these levels, this coin's name should be named GreedCoin. I feel bad for the few that bought this coin at such a premium without doing the math themselves. I hope these people aren't defending the price as a way to hold on to a foolish/bubbly buy. I think other potential serious investors probably have the same mentality as me, and yes, we will just patiently wait and see for the price to correct itself. And if it doesn't...

Once the source is released, perhaps someone else will come up with a better distribution scheme. And if the source isn't released, then what do we have?

How is this coin different from the central banks today, that can just print billions of dollars and distribute it to the few lucky ones born into the family (or lucky to have seen the bitcoin forum post at the time)? And these bankers then throw bounties at the population, business loans, free money, that eagerly will work hard for these these printed dollars, dollars that the original stakeholder didn't work hard for? 1 Billion coins, created from thin  air, owned by the few. Throwing these coins around like water for bounties, translations, development efforts.

Centralization in disguise of decentralization. Scary thought. I'm out. Be back tomorrow.

Even trolls need sleep.

[pandaisftw]

then maybe you'd want to listen to their concerns.

And do exctaly what in decentalized system? U're concerned so stay sway. It's very important in investor's career to fully understand what's going on and predict future.

For a currency to succeed, it needs to be used and accepted by lots and lots and lots of people. If you own NxT, it's in your best interest to listen to potential investors' concerns. Your mentality "If you don't like this, then stay away" is not gonna fly in the long run if you want this currency to succeed.

You may be fooling yourself if you believe you're fighting for the "good of nxt", but your last dozen or so posts have been focused not on the distribution of coins, but rather how much the initial investors have made. This sends a clear signal to everyone that a) you're angry you missed a good opportunity and b) you're simply trying to spread FUD to lower the price.

Everyone here wants the coins to be spread. In fact, if you look at the coinmarketcap.com, you'll see that NXT has one of the highest trading volumes of all the coins, so I'd say we're doing okay. We can always do better, but it's not the doom-and-gloom you make it out to be.

I'm just somebody that would like to invest a few thousand dollars worth into this coin. But by doing the math on the growth in the last 2 months, and also understanding that all 1 billion coins have already been generated, the 600,000% price differential to original IPO investment is concerning to me. At these levels, this coin's name should be named GreedCoin. I feel bad for the few that bought this coin at such a premium without doing the math themselves. I hope these people aren't defending the price as a way to hold on to a foolish/bubbly buy. I think other potential serious investors probably have the same mentality as me, and yes, we will just patiently wait and see for the price to correct itself. And if it doesn't...

Once the source is released, perhaps someone else will come up with a better distribution scheme. And if the source isn't released, then what do we have?

How is this coin different from the central banks today, that can just print billions of dollars and distribute it to the few lucky ones born into the family (or lucky to have seen the bitcoin forum post at the time)? And these bankers then throw bounties at the population, business loans, free money, that eagerly will work hard for these these printed dollars, dollars that the original stakeholder didn't work hard for? 1 Billion coins, created from thin  air, owned by the few. Throwing these coins around like water for bounties, translations, development efforts.

Centralization in disguise of decentralization. Scary thought. I'm out. Be back tomorrow.

Again, you're just kidding yourself. Every single cryptocurrency was created from "the air". The initial stakeholders took a risk, with no guarantee that it would ever pay dividends. You're the foolish one for thinking people are foolish buying at market price. Market price is whatever the market decides, thus a trying to justify a "fair price" (which in your mind would basically be zero) is a waste of everyone's time and brain power. Why didn't you invest earlier? Perhaps you were too late? Well, I'm sure everyone regrets their missed opportunities, so maybe NXT time do more research so you can jump in on other opportunities earlier?

How about this: Send 2 BTC (offer extended only to yuri here) to this address (18th1Uv1XEcjMo9CQ2FX46q2xkEha3FX8) and it may return between 0-10000 BTC in a month with my super new currency that offers 5x the features NXT is offering. Put your money where your mouth is, yuri, and take the risk the initial stakeholders took. You may or may not get your money back. But then you can't complain if it takes off and get 111283182312% of IPO, right?

[ZeroTheGreat]

Well, I'm sure everyone regrets their missed opportunities

Nostalgy can be good (we're building virtuality for some time, and actually every single moment know that is virtuality; smthng like that), but regrets're poisoning you. "No regrets!"

[ZeroTheGreat]

How about this: Send 2 BTC (offer extended only to yuri here) to this address (18th1Uv1XEcjMo9CQ2FX46q2xkEha3FX8) and it may return between 0-10000 BTC in a month with my super new currency that offers 5x the features NXT is offering. Put your money where your mouth is, yuri, and take the risk the initial stakeholders took. You may or may not get your money back. But then you can't complain if it takes off and get 111283182312% of IPO, right?

Stakeholder like him'll screw up your project, no offense  

[black_swan]

pandaisftw you can't compare pure PoW with pure PoS
PoW and PoS are completely different
For that reason PoW are not created from the air, PoS are

[pandaisftw]

How about this: Send 2 BTC (offer extended only to yuri here) to this address (18th1Uv1XEcjMo9CQ2FX46q2xkEha3FX8) and it may return between 0-10000 BTC in a month with my super new currency that offers 5x the features NXT is offering. Put your money where your mouth is, yuri, and take the risk the initial stakeholders took. You may or may not get your money back. But then you can't complain if it takes off and get 111283182312% of IPO, right?

Stakeholder like him'll screw up your project, no offense 

What? You're telling me he won't give away all his coins to keep the price low?

[bennylou]

This is all I'm gonna I'm going to speak on this, it is quite literally a waste of my time telling people to just look at the NXT blockchain to see the same conclusion anyone with common sense will find, then to be called a troll by founders and the developer.

Not going into your post content wise, i would like to go into it from a communication point of view.
I find it hard to believe that you are surprised by the reception you got on the forums.

Your first post starts with a HUGE pic of the blockchain with angry red ALLCAPS pointing out the unfairness.
Now, I'm not saying the system may or may not be inherently unfair. I am reserving judgement.

However, if from post ONE, you come in criticising, I as a mod or admin would also be taken aback and think "who the hell is this guy and why does he even post on a forum for a product he evidently doesn't trust?".

If someone would have done that on my forums, I'd basically ignore him as someone who barges into a pub and starting to complain about the bad quality of the establishment.

Contentwise you may be right, but you are doing yourself and your viewpoint a severe disservice by basically communicating extemely aggressively. And yes, at that point, the discussion will most probably nót go about content, but emotion.  

One last thing, because I only just noticed it and it sorta ties in to your points..

...to be fair, you probably shouldn't base judgment on the content on forums and just draw your own conclusions, I mean for example, the proposal I made on nextcoin.org forum has been deleted,
per the print screen I made last night.. you know.. just in case.. hah.

https://nextcoin.org/index.php/topic,1268.msg13727.html#msg13727

https://i.imgur.com/0x5Ai3W.jpg

and a print screen from today.. same forum, gone...

https://i.imgur.com/MzJpLbT.jpg

btw you can see people on the next page reacting to the proposal, but I guess they decided it wasn't fit for their forum, or perhaps they'll say I deleted it. I did not.

those big red letters were the current font I had selected, sorry if it screamed agenda. peace.
and like my last post on nextcoin.org (before it was deleted)

see you in 6 months...

[pandaisftw]

pandaisftw you can't compare pure PoW with pure PoS
PoW and PoS are completely different
For that reason PoW are not created from the air, PoS are

Really, what was bitcoin created out of then? Just because bitcoin (or PoW coin) is inflationary, does not make it completely different. PoS and PoW are only different in how a) coins are distributed) and b) how blocks are awarded. Both are created from just an idea.

[opticalcarrier]

This is all I'm gonna I'm going to speak on this, it is quite literally a waste of my time telling people to just look at the NXT blockchain to see the same conclusion anyone with common sense will find, then to be called a troll by founders and the developer.

Not going into your post content wise, i would like to go into it from a communication point of view.
I find it hard to believe that you are surprised by the reception you got on the forums.

Your first post starts with a HUGE pic of the blockchain with angry red ALLCAPS pointing out the unfairness.
Now, I'm not saying the system may or may not be inherently unfair. I am reserving judgement.

However, if from post ONE, you come in criticising, I as a mod or admin would also be taken aback and think "who the hell is this guy and why does he even post on a forum for a product he evidently doesn't trust?".

If someone would have done that on my forums, I'd basically ignore him as someone who barges into a pub and starting to complain about the bad quality of the establishment.

Contentwise you may be right, but you are doing yourself and your viewpoint a severe disservice by basically communicating extemely aggressively. And yes, at that point, the discussion will most probably nót go about content, but emotion. 

One last thing, because I only just noticed it and it sorta ties in to your points..

...to be fair, you probably shouldn't base judgment on the content on forums and just draw your own conclusions, I mean for example, the proposal I made on nextcoin.org forum has been deleted,
per the print screen I made last night.. you know.. just in case.. hah.

https://nextcoin.org/index.php/topic,1268.msg13727.html#msg13727



and a print screen from today.. same forum, gone...



btw you can see people on the next page reacting to the proposal, but I guess they decided it wasn't fit for their forum, or perhaps they'll say I deleted it. I did not.

those big red letters were the current font I had selected, sorry if it screamed agenda. peace.
and like my last post on nextcoin.org (before it was deleted)

see you in 6 months...

im doing a stare/compare, and I cannot find anything deleted.  can you elaborate?

[ZeroTheGreat]

What? You're telling me he won't give away all his coins to keep the price low?

He'll buy all of them at 0 from unknown big whale he can see in the mirror, then he'll do it again, then...

[Damelon]

btw you can see people on the next page reacting to the proposal, but I guess they decided it wasn't fit for their forum, or perhaps they'll say I deleted it. I did not.

those big red letters were the current font I had selected, sorry if it screamed agenda. peace.
and like my last post on nextcoin.org (before it was deleted)

see you in 6 months...

Actually,

I did see that post yesterday and thought it was a sensible alternative.
I didn't know it was deleted. I also see no reason why it should be deleted. 

In that case: good that there are screenshots.

As to drawing conclusions: I don't buy into the "don't draw conclusions from forum posts". In my experience, it's not a very strong argument. Nobody nééds to overreact, especially not on forums, where you have time to think before you post. On the other hand, people do react more primal on the net.

I have no beef with anyone and as far as i am concerned any constuctive comment is welcome. So I hope there will be some more thoughts about all this. Voting system is coming, too, so who knows what that will bring

[ZeroTheGreat]

I mean for example, the proposal I made on nextcoin.org forum has been deleted

Yeah, this isn't nice acting of mod. Well, we've cache of search systems, screens and your promise of returning.

[rickyjames]

The source is here, I only remember that in first days, there were more than 50 millions sold, in the forums, for a bargain prices

https://bitcointalk.org/index.php?topic=345619.msg4107001#msg4107001

+ Bitcoin data come from the web

I think you need to do more research and make sure this is right before you distribute your video.  Give me a few minutes to research something and I will get back to you.

I am very surprised.  I have just run a rough "audit" of the first month of dgex.com based on the (433 pages!!!) data at http://87.230.14.1/nxt/nxt.cgi?action=100 for the dgex account of 6635869272840226493.  I think the data pretty conclusively shows that right at 228,000,000 million NXT coins have been deposited by around 810 deposits there since the exchange opened on November 28.  Since roughly 28,000,000 are still on deposit at the site, the rest or 200,000,000 million have indeed been withdrawn by around 3500 withdrawals.   If 50 million were indeed sold here in the forums outside of dgex.com, then it is a fact that within the past 30 days at least 25% of all NXT in existence has been exchanged to a new owner.   This is a nearly amazing number to me and something to throw in the face of anybody that calls NXT a scam.

Let me crunch the spreadsheet numbers some more and I will post some more interesting facts.  

In the meantime, salsacz, not only have you made an excellent video, it is going to spread some very important truths and facts about NXT.   I say distribute it as widely as you can!!!

[wakasaki808]

The source is here, I only remember that in first days, there were more than 50 millions sold, in the forums, for a bargain prices

https://bitcointalk.org/index.php?topic=345619.msg4107001#msg4107001

+ Bitcoin data come from the web

I think you need to do more research and make sure this is right before you distribute your video.  Give me a few minutes to research something and I will get back to you.

I am very surprised.  I have just run a rough "audit" of the first month of dgex.com based on the (433 pages!!!) data at http://87.230.14.1/nxt/nxt.cgi?action=100 .  I think the data pretty conclusively shows that right at 228,000,000 million NXT coins have been deposited by around 810 deposits there since the exchange opened on November 28.  Since roughly 28,000,000 are still on deposit at the site, the rest or 200,000,000 million have indeed been withdrawn by around 3500 withdrawals.   If 50 million were indeed sold here in the forums outside of dgex.com, then it is a fact that within the past 30 days at least 25% of all NXT in existence has been exchanged to a new owner.   This is a nearly amazing number to me and something to throw in the face of anybody that calls NXT a scam.

Let me crunch the spreadsheet numbers some more and I will post some more interesting facts.  

In the meantime, salsacz, not only have you made an excellent video, it is going to spread some very important truths and facts about NXT.   I say distribute it as widely as you can!!!

Did anyone just notice that 75,009,336 Nxt have been exchanged between DGEX account and the account 12292439833850569026  in the last month? Looks like someone just bought a load of Nxt. About $4M worth of Nxt at current price  . Maybe DGEX changed accounts?  

DGEX account just went from 28M Nxt down to 6M Nxt.

Account that just loaded up on Nxt http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=12292439833850569026&offset=1

DGEX Account http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=6635869272840226493

[salsacz]

The source is here, I only remember that in first days, there were more than 50 millions sold, in the forums, for a bargain prices

https://bitcointalk.org/index.php?topic=345619.msg4107001#msg4107001

+ Bitcoin data come from the web

I think you need to do more research and make sure this is right before you distribute your video.  Give me a few minutes to research something and I will get back to you.

I am very surprised.  I have just run a rough "audit" of the first month of dgex.com based on the (433 pages!!!) data at http://87.230.14.1/nxt/nxt.cgi?action=100 for the dgex account of 6635869272840226493.  I think the data pretty conclusively shows that right at 228,000,000 million NXT coins have been deposited by around 810 deposits there since the exchange opened on November 28.  Since roughly 28,000,000 are still on deposit at the site, the rest or 200,000,000 million have indeed been withdrawn by around 3500 withdrawals.   If 50 million were indeed sold here in the forums outside of dgex.com, then it is a fact that within the past 30 days at least 25% of all NXT in existence has been exchanged to a new owner.   This is a nearly amazing number to me and something to throw in the face of anybody that calls NXT a scam.

Let me crunch the spreadsheet numbers some more and I will post some more interesting facts.  

In the meantime, salsacz, not only have you made an excellent video, it is going to spread some very important truths and facts about NXT.   I say distribute it as widely as you can!!!

Ofcourse, I study Nxt - not so technically, but I observe people's paranoias and focus on solutions

[EvilDave]

Distribution of NXT among the original 71 vs the rest of us, and the effects this will have on forging revenues for the "little guys" is one of the main points that NXT critics can use against NXT, and I kind of see their point.

If enough people see NXT as a scam coin used by an elite inner circle to get rich, that could play hard against NXT, no matter how good it is or how pure the motives of the initial stakeholders are.

The only solution: give all of the NXT to me, I'll take good care of it.....

But seriously: I propose some sort of massive giveaway to coincide with the Jan 3 launch.
From what I can see on the blockchain explorer there are only 5000 or so active accounts (seems low, tbh).
Give every account 10,000 NXT, that'll cost 50 million NXT, 5% of the total, and will generate the most publicity ever for a crypto launch.

(imagine the headlines: Crypto-anarchists give away millions! )
And imagine the tsunami rush of new users hoping to get a piece of the action.......ready to buy in hard. Everyone will go to the moon......

[User705]

So awesome!  How much will you be contributing to this massive giveaway?

[EvilDave]

My 5534 wont go very far, dude

[User705]

My 5534 wont go very far, dude

Buy more.