NXT :: descendant of Bitcoin - Updated Information

[dzarmush]

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  Since roughly 28,000,000 are still on deposit at the site, the rest or 200,000,000 million have indeed been withdrawn by around 3500 withdrawals.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

The 12292439833850569026 guy must be really believes in Nxt bright future. How naive some people must be to believe there could be "more fair" distibutuion. Eventually they would sell all their coins to a guy like that. Stop bitching around a buy some coins before they hit $1 )

[1714198088]

1714198088

[1714198088]

1714198088

[allwelder]

@CfB

got "comefrombeyond" alias.
10M and it's yours

I buy "come-from-beyond" only.

can't use "-" on aliases  
that's why i bought it without  

I can transfer alias"cfb" to you if you need,@CfB.

[utopianfuture]

OK, inquiring minds want to know (for those of you outside the US, that is the motto or slogan for a very trashy gossip newspaper here called the National Enquirer) just who has cashed in on their NXT windfall over the past 30 days.  And so here's the top 50, who account for about 90% of the 200M NXT distributed to the masses so far:

Account /   Millions Deposited At Dgex   / Cumulative
      
 14839596582718854826    39.376   0.17
 3810519734198470226    31.386   0.31
 8797677203327163788    12.815   0.37
 5430757907205901788    9.910   0.41
 6785084810899231190    9.031   0.45
 6489931785530569200    7.000   0.48
 12292439833850569026    6.900   0.51
 4454381633636789149    6.800   0.54
 1484707122620701696    5.073   0.57
 10738613957974090819    5.000   0.59
 6237299433553462469    4.750   0.61
 14571525509972106026    4.482   0.63
 2576421397261863186    4.230   0.65
 2584657662098653454    3.904   0.67
 14522291868909650069    3.867   0.68
 4071545868996394636    3.000   0.70
 13177225761794271437    2.538   0.71
 7017504655955743955    2.500   0.72
 6465849077052550634    2.368   0.73
 4777958973882919649    2.330   0.74
 17491178046969559641    2.000   0.75
 10266164287326168132    1.998   0.76
 18084506661333818708    1.835   0.77
 10716784968670917069    1.640   0.77
 11080178734825834784    1.500   0.78
 818877006463198736    1.310   0.79
 6247711876460843752    1.300   0.79
 3298827274938912391    1.221   0.80
 3309259624934900083    1.110   0.80
 8517842408878875334    1.100   0.81
 10053843335456566383    1.085   0.81
 14185291975524814255    1.040   0.82
 12582269440855459419    1.000   0.82
 2272518827060030688    1.000   0.82
 13261584191205504430    1.000   0.83
 14345316344530945599    0.998   0.83
 3684449848581573439    0.985   0.84
 8961986080597559867    0.983   0.84
 12570052755752387241    0.968   0.85
 5620173382377214256    0.950   0.85
 6965796235585550964    0.900   0.85
 9804625927782353985    0.895   0.86
 16006718296333833763    0.869   0.86
 11293583559739994641    0.850   0.87
 85415950374503915    0.850   0.87
 8397939005161702223    0.800   0.87
 7373463616072586985    0.800   0.88
 3394616525175328032    0.780   0.88
 17323227464499858400    0.700   0.88
 15778433507890466905    0.700   0.89

Thanks Ricky for the information. I just want to say that it is very difficult to sit still on 1 cool million unless you are deeply committed and involved in this venture. That's just human nature. At this point you would have more than 1 million dollar if you have 20 million Nxt. And you would have more than 1 million if you have 15 million Nxt a few days ago. I strongly suspect that all accounts with more than 15 million Nxt  have a very strong reason to keep them. Remember BCnext has a team. I cannot imagine all of them did not send their 1 BTC to the project. We are all working for future Sergey and Larry. So stop bitching and be thankful to be apart of this project.
These future  Sergey and Larry will make you very rich even though you don't know who they are.
Stop dreaming about redistribution. There will be none, at least not until 1Nxt= 1$.

I just want to add that many of you don't even know how much work have been done in the background of this project. It is very funny if you think you are entitled to something.

[zhangdu]

where can find ripple trust add for nxt? thanks!

[rickyjames]

. So stop bitching and be thankful to be apart of this project.
These future  Sergey and Larry will make you very rich even though you don't know who they are.

This is my attitude and belief.  I play poker.  After a lot of research, I went all-in on NXT on Dec 19 for a 4M+ stake.  (Yes, it's money I can afford to lose, but it would certainly be a non-trivial loss).  I'm sitting on it until I see geosynchronous satellites out the window on the way to the moon.  Start the countdown.

[jl777]

We need to fix the image problem that people like yuriygeorge is spreading. It appeals to the masses envy of rich people who they think don't deserve to be rich.

My confusion is why the founds or at least the counter to the 71 greedy bastards rhetoric is that they took a chance and deserve to be rich. Excuse me? We can do much better than that.

What I don't hear anybody repeating is that BCnext essentially gifted millions of dollars worth of software to the founders. The founders did win the lottery, but really several million dollars shared by 71 people is not that big of a lottery win.

Why don't we turn it around and point out it is not the founders greed, but rather BCnext's generosity that is central to the origins of NXT. While I am sure the NXT dev team are all founders, I know for a fact there are many that just took a 1 BTC chance on an interesting sounding idea. I sure wish I had found the original BCnext thread as I would have tossed in a BTC on the off chance that it was real.

So all the talk about 60000000% gain is ridiculous. If someone gives you a million dollars for $20,000 are you greedy if you don't sell it for $50,000? Of course not, you just won the lottery. Now some founders cashed out really early and my guess is that a lot of others cashed out when NXT hit 10 cents.

That's quite a run, not from zero, but from several million dollars. We REALLY need to change our response to include this interpretation. Even assuming the original release was worth only a million dollars, it has gone up less than 100 times. That is still quite a bit, but we have to remember that this was split in two distinct phases. The first was as people realized NXT actually worked, ok, buggy but functional and debuggable. This take care of the first factor of ten. The next factor of ten is mostly from the alias function. This gives NXT namecoin functionality doesn't it? Doesn't it make sense that if NXT has namecoin functionality AND an extensible future, it should trade at a premium to namecoin?

How can we update the wiki, videos etc. to reflect BCnext generosity as the main theme of the genesis? Won't that play much better than what we currently say.


James

P.S. Yuri,if you are up for it, I will be happy to debate you point by point.

[jl777]

zhangdu

Peercover's ripple address is ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV

James

[eB101]

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......

i hugely second this idea. but i have to say if there was a large stakeholder who was interested in doing this he would definitely have to keep it quiet and it would definitely have to take everyone totally by surprise. either way if we want this thing to succeed the large stakeholders will HAVE to find ways to get rid of large portions of their stash soon. it must be done and it CANT be put off. I just hope that they understand that giving away huge portions of their stake is more likely to make them wealthy in the future than hording it. everyone has to do anything they can to make sure that the large stake holders understand this.

I have a larger stake, and I agree with your point. I've been consistently selling on the dgex exchange since the beginning, and I've sold about 8 million NXT so far. I'll continue to sell on dgex, and if other exchanges open I'll sell there also. I've started to sell on ripple too. I'll keep selling at a consistent rate until at least 60-70% of my stake is gone.

Hoarding makes no sense. Obviously some big stake holders would prefer others to sell down first, so they can wait and see if they become a billionaire, but for me it's best to hedge my bets and cash out in a steady stream just in case NXT fails. I think I understand the economics of NXT pretty well, and I know my good fortune will not last long if I don't do my bit to spread the NXT around. I would say by now most of the large stake holders can see the obvious thing to do is sell at a consistent rate, leaving yourself a good sized holding (my goal is 0.25% - 1% of the NXT supply once everything settles down). I started with over 4.5%, so I think my plan is balanced, and realistic.

As for the fairness of the initial distribution, I can see why people might have a problem with that. I feel very very fortunate to have done so well out of NXT, but it wasn't luck. I took a huge risk that a complete stranger would not take my bitcoin and disappear, and my risk paid off - but it was a huge risk, with a relatively small amount.

A stranger stands up in a public place and starts speaking - he's very odd and has a 'big idea' - do you give him $130 and watch him walk out the door? He's already told you he's using a false name and will keep his identity secret. That's essentially what the initial investors did.

Why did I do it? Because I'd been trawling over crypto related forums for over a year looking for the cool stuff. Everything looked like a crazy copy-cat coin based on scams and greed, and there didn't seem to be any skill or vision in 90% of the non-bitcoin coins that were being released. The only interesting crypto/math currency systems I could see were Mastercoin, Ripple, eMunie and NXT. I've taken a position in all of those coins.

IMO all the other crypto coins live or die based on the hype around bitcoin. Obviously Mastercoin needs bitcoin to survive, but Ripple & eMunie & NXT can thrive even if bitcoin tanks. I do think Sunny King has contributed a lot of good stuff also. All the rest are clones, even the well thought out ones (CGB, Quark, maybe a few others). I want to be an investor in something good, not a gambler, or a speculator.

BCnext has so far done everything he said he would, but when I sent off my bitcoin he was just a very odd sounding guy with a small number of forum posts, and  a vague description of a POS coin. My good fortune was 1 bitcoin was only worth $130 the day I sent it in, so it was within my comfort zone. If it was today I would not send 1 bitcoin ($750 USD) to an odd sounding stranger.

I think c-f-b might be Yoda.

Great and sincere feedback. I would have done the exact same thing, thinking the same way. There is nothing you can do about luck in life, it happened because it was meant to happen. I came in a week too late for this same position, but this week was meant to be. I still bought some at cheap price so I can not complain now, but everyone should appreciate and understand this feedback, realizing that the initial investors are not random people, but the ones who first saw the potential and believed in something completely new, dealing with the scam risk as always. Reward is deserved, and anyways, it's never too late to come in or to cross good opportunities.
I find your sense of distribution very decent and reasonable. thanks for sharing

[EvilDave]

. So stop bitching and be thankful to be apart of this project.
These future  Sergey and Larry will make you very rich even though you don't know who they are.

This is my attitude and belief.  I play poker.  After a lot of research, I went all-in on NXT on Nov 19 for a 4M+ stake.  (Yes, it's money I can afford to lose, but it would certainly be a non-trivial loss).  I'm sitting on it until I see geosynchronous satellites out the window on the way to the moon.  Start the countdown.

As for me....I discovered NXT about 10 days ago,  bought in for .25 BTC last Sunday in the middle of a DDoS attack and DGEX overload.

I'm never going to get private jet levels of wealth out of this, but that doesn't matter.
I'm quite happy with what i expect to get out of NXT and am very bloody pleased to be in on this opportunity.

So, no bitching or begging from me, just gratitude. I've seen enough in the last week to know how bloody hard some people are working to make NXT a success.

[zhangdu]

zhangdu

Peercover's ripple address is ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV

James

thank you!

BTW, gateway web? plz!

[utopianfuture]

We need to fix the image problem that people like yuriygeorge is spreading. It appeals to the masses envy of rich people who they think don't deserve to be rich.

My confusion is why the founds or at least the counter to the 71 greedy bastards rhetoric is that they took a chance and deserve to be rich. Excuse me? We can do much better than that.

How can we update the wiki, videos etc. to reflect BCnext generosity as the main theme of the genesis? Won't that play much better than what we currently say.


James

P.S. Yuri,if you are up for it, I will be happy to debate you point by point.

I read aldrin's post and I don't even know what to say. You shouldn't just sell but also contribute to NXT's cause. I have not seen you much.

[jl777]

I have heard there are about 10 million unclaimed NXT. I have a plan that would make for great PR for the NXT founders.

All they have to do is vote to distributed a non-founder dividend from the future sales of these 10 million NXT. By setting specific prices with smaller and smaller volumes at higher and higher prices, the total donation of the founders will be many millions of dollars.

BCnext gave all the founders winning lottery tickets.

If all the founders voted to not grab any of the unclaimed NXT (worth millions of dollars), our opponents will somehow have to claim that the horrible greedy NXT founders VOTED to donate money they could have easily kept for themselves. Actions speak louder than words.

Let the cycle of generosity continue!

I know all the non-founders will like this idea of a dividend that only non-founders will get.
I sure hope the founders see the wisdom in doing what BCnext did and spread the wealth.

The PR value from this will be very powerful

James

[jl777]

http://dev.peercover.com/#/simpleGateway

Ripple gateway for NXT, BTC and LTC

[newcn]

http://dev.peercover.com/#/simpleGateway

Ripple gateway for NXT, BTC and LTC

Hi,
    I still don't know how to relate my existing ripple wallet to your site.
I have some XRPs in my ripple wallet, and I want to buy some nxt on your site, what should I do, can you give me more detailed instructions to do that,thanks!
   

[utopianfuture]

I have heard there are about 10 million unclaimed NXT. I have a plan that would make for great PR for the NXT founders.

All they have to do is vote to distributed a non-founder dividend from the future sales of these 10 million NXT. By setting specific prices with smaller and smaller volumes at higher and higher prices, the total donation of the founders will be many millions of dollars.

BCnext gave all the founders winning lottery tickets.

If all the founders voted to not grab any of the unclaimed NXT (worth millions of dollars), our opponents will somehow have to claim that the horrible greedy NXT founders VOTED to donate money they could have easily kept for themselves. Actions speak louder than words.

Let the cycle of generosity continue!

I know all the non-founders will like this idea of a dividend that only non-founders will get.
I sure hope the founders see the wisdom in doing what BCnext did and spread the wealth.

The PR value from this will be very powerful

James

James,

Unclaimed Nxt should be reserved for network development.

[jl777]

utopianfuture,

While it is probably pointless to spend time debating the yuris of the world, think of him as the public perception ddos equivalent. The college prank ddos hit us and hit us hard because the network was so small. Did we ignore it and say, there is no point in beefing up our servers? Hell no! They attacked us, we defended the best we could and now our network is much stronger.

So, when the yuri's of the world attack us are we going to just take it and say there is not point in defending ourselves? Hell no! We MUST defend against this type of attack because it appeals to people's emotions of jealousy. Very powerful and it overrides logic. People will make up their minds emotionally and then find logical reasons to support their decision.

If someone like yuri can attack NXT's very core creation and success and twist it into a plausible "greedy 71" story, then we are in trouble. Since the key part of the story is BCnext's multimillion dollar giveaway, why aren't we pushing that storyline?

Mystery man gives dozens of strangers millions of dollars and disappears!

Isn't that MUCH better for NXT? I want to know how yuri will ddos this

James

[zhangdu]

http://dev.peercover.com/#/simpleGateway

Ripple gateway for NXT, BTC and LTC

roger!

[jl777]

Ripple instructions for people with ripple accounts

Go to:
http://dev.peercover.com/#/simpleGateway
click on the NXT tab

For deposit:
select deposit
Add trust for the amount of NXT you want to deposit to ra9eZxMbJrUcgV8ui7aPc161FgrqWScQxV
put in your email address and click "deposit NXT" and follow instructions
instructions will show NXT address to send NXT to as soon as it arrives it will be automatically sent to your ripple wallet

James

[utopianfuture]

utopianfuture,

While it is probably pointless to spend time debating the yuris of the world, think of him as the public perception ddos equivalent. The college prank ddos hit us and hit us hard because the network was so small. Did we ignore it and say, there is no point in beefing up our servers? Hell no! They attacked us, we defended the best we could and now our network is much stronger.

So, when the yuri's of the world attack us are we going to just take it and say there is not point in defending ourselves? Hell no! We MUST defend against this type of attack because it appeals to people's emotions of jealousy. Very powerful and it overrides logic. People will make up their minds emotionally and then find logical reasons to support their decision.

If someone like yuri can attack NXT's very core creation and success and twist it into a plausible "greedy 71" story, then we are in trouble. Since the key part of the story is BCnext's multimillion dollar giveaway, why aren't we pushing that storyline?

Mystery man gives dozens of strangers millions of dollars and disappears!

Isn't that MUCH better for NXT? I want to know how yuri will ddos this

James

BCNext is just a weird man who happens to be a genius. If he just wants to give away, he have not threatened to leave when some big stakeholders just do nothing to NXT's cause.

It has to be admitted that the whole initial distribution is a mess. And it is BCNext's responsibility. Now he would have to do something to salvage it. I help him and NXt's cause as much as I can just because I believe he is a genius.

[dzarmush]

I have heard there are about 10 million unclaimed NXT. I have a plan that would make for great PR for the NXT founders.

All they have to do is vote to distributed a non-founder dividend from the future sales of these 10 million NXT. By setting specific prices with smaller and smaller volumes at higher and higher prices, the total donation of the founders will be many millions of dollars.

BCnext gave all the founders winning lottery tickets.

If all the founders voted to not grab any of the unclaimed NXT (worth millions of dollars), our opponents will somehow have to claim that the horrible greedy NXT founders VOTED to donate money they could have easily kept for themselves. Actions speak louder than words.

Let the cycle of generosity continue!

I know all the non-founders will like this idea of a dividend that only non-founders will get.
I sure hope the founders see the wisdom in doing what BCnext did and spread the wealth.

The PR value from this will be very powerful

James

I'd just split the money between Cfb's team and other programmers who did hell of a job. They'd find right application: buy more servers, pay for pr and other stuff. It would way better for Nxt future than just sell it to random people who'll resell all coins the same day on Dgex.