NXT :: descendant of Bitcoin - Updated Information

[Voluntold]

I'd just like to make a statement about the "initial distribution problem" if I may.

The initial stakeholders don't owe anyone here a goddamn thing. They took the huge risk by buying in early while everyone else called NXT a scam coin. They are under NO obligation to re-distribute the wealth to all those, including me, who missed out because of cynicism or ignorance or whatever. If NXT becomes a huge success, they and they alone deserve to be hugely rewarded for taking that risk. they have every right as free citizens of planet earth to do damn well whatever they please with their windfall.

That being said, if these stakeholders hope to see their investment mature to the point where they'll be able to perhaps buy a trip on Branson's Spaceship one day, they should invest in the future health of NXT in whatever way they see fit based on their own rational self interest.

There's no shortage of affordable NXT on the market. If you want some it's ripe for the picking on an exchange at mere pennies apiece. It's not too late to possibly book your own seat on a future Virgin voyage by simply not making the same mistake twice, taking a risk and buying some NXT. Then and only then will it will be your turn to decide how to invest your hard won investment in a way that you feel will make NXT grow even more.

I'm not a libertarian personally, but I really can't think of anything more free market than the way NXT has unfolded. I have no problem with the original folks being HUGELY rewarded because if they do then I'll be doing pretty good myself. It surprises me to see so many people in this community asking for socialism and redistribution of the wealth.

I am not saying that they should give out charity to all of us, I am saying that they should invest into product that they are also holding and holding by far the most comparing to all of us here. I mean this is a common sense. People that won't do that are by definition selfish, they don't want to part ways with one cent of their money and they don't want to contribute anything to the community by working here with us.
Sorry, but to me all of this makes no sense!
For example, Klee is definitely not one of those people!!

I just think people should stop obsessing over these stakeholders and what they are doing and get busy doing whatever you can do to contribute. Far too much sour grapes about this in my opinion. NXT are still only pennies each. If you buy some now and it goes up to $1 that's quite a profit. If it goes up to $5 then one day people will hassle you about why you're not giving away money so they too can get in on the gravy train they didn't buy a ticket for.  

+1

[rdanneskjoldr]

Gents,

Someone just stole money from a Twitter user;

This is what he is saying;

"2 days ago i set it up and withdrew my dgex NXT into my account number 2541298766073278713.

But today i open my client but i cannot access my old account, but instead directed to 18170715140588846266. Please help!"

I looked a bit in the blockchain explorer. I see that account 10715382765594435905 has stole the money.

What can we do for the victim? He is asking me to help.

How does that make any sense?There is no way you get redirected to a different account with the same passphrase.And the money moved from that secondary account? I find it so impossible that id say it is someone trolling.

[tyz]

Follow this thread and you get most of the nextcoin news.

is there any site/thread where i can go to see if there is any nxt related updates? iv missed a bomb of pages nw and dnt have time to go through it :/

[redsn0w]

He admitted afterwards that he used a weak password. But it's strange for me that he did. We have to warn people properly how to secure their account.

Before you create an account it says in the instructions that you must use a password at least 35 characters

[CIYAM]

Where are the stakeholders ??

You might want to consider using the "Ignore" for that particular forum member if their posts are annoying you.

[rdanneskjoldr]

with such an opinion I could puke!

You do not understand that no movement comes in and people do not even want to invest in Nxt with such views?

Mr. NEM says. The distribution isn't any better in bitcoin or dogecoin.+ in nxt,as the client is yet non user friendly,people leave a lot of Nxt in exchanges,which punishes these graphs.So nothing wrong, considering how normal distributions are in cryptoworld.

[bitcoinpaul]

He admitted afterwards that he used a weak password. But it's strange for me that he did. We have to warn people properly how to secure their account.

We will get rid of this hacking blahblah as soon as Wesleyh's GUI with Password Generator is implemented in our NRS and all our precious nxt sites promote this client.

Wesleyh, do your best!

[Fatih87SK]

He admitted afterwards that he used a weak password. But it's strange for me that he did. We have to warn people properly how to secure their account.

We will get rid of this hacking blahblah as soon as Wesleyh's GUI with Password Generator is implemented in our NRS and all our precious nxt sites promote this client.

Wesleyh, do your best!

I didn't know Wesleyh was working on that. Awesome!

[salsacz]

yeah, the "victim" is a famous guy and also my friend from Berlin. Really have no idea why so experienced guy used a weak brainwallet private key. Money went to the known hacker:

I dont know if this is relevant...but there is someone who is stealing nxtcoins from "bad-protected" accounts.

I've just created an account with the pass: "mtvraps" to check and play. I made the nxtra.org faucet and they sent me 2nxt to this account "14345877598619007537". One minute after, someone sent these 2nxtcoins to other account (of course it was not me). The account was: "1413811113623034318".  I suppose there is a bot checking all the possible weak passwords...

It could be funny but......TAKE CARE!

"thief" with running script: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1413811113623034318

btw this acc has got some nice history, probably some "123" password :
http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=3791936988034107349&offset=1&filter=1

[redsn0w]

Where are the stakeholders ??

You might want to consider using the "Ignore" for that particular forum member if their posts are annoying you.

I just said where are the stakeholders?

[wesleyh]

wesleys client:

Is there any way to display also the forging transactions like in NRS?

Yes, will add this later on.

[tyz]

i am wondering why the big initial investors do not take some of their coins to give them away. A broader distribution of nextcoin would make it more attractive 

Guys what about the distribution?
Somebody was revealing top 60 accounts holdings spreadsheet a month ago for a week or so. Did the distribution change any since? It is well obvious that we have whales unloading and keeping the price down for last couple of weeks.
It would be interesting to see these distribution numbers at the moment.

Ok, here's the current NXT distribution as of today.



As you can see, it's pretty horrible. The whales rule almost 85% of the whole coin, and I guess most of them are the initial investors.

Excluding the ~85% of the total NXT the whales have, here's the distribution of the remaining 15%:

[marek3ball]

I've got a lot of catching up to do in this thread, also.  For now, I will say a few things off the top of my head.  

First, we have got to pay more attention to NXT as a 1st generation coin, and call it a coin, without "quotation marks" or apologies.  We need vendors to accept it and people to want it.  NXT cannot be mined and the ability to forge it requires one to buy it on an exchange first.  We have to give people a reason to buy NXT.  That reason cannot be as a stake to forge more NXT because without exception newcomers are dramatically disappointed when they figure out the true numbers that underlie NXT forging. Doge has a fun factor.  NXT has zero fun factor.  It is a frustrating experience all the way thru - getting a client set up and running, dealing with a super long password or losing all your NXT if you don't, realizing you're not going to make anything of true value by forging with small stake quantities, asking yourself what can you do with this coin you just bought....  Repeat:  NXT is frustrating, Doge is fun.  WE MUST LEARN FROM DOGE AND BE FUN.

Second, we have got to identify just what is 2nd generation about this coin that we really truly are going to support.  Mixing/Zerocash anonymity?  Peer to peer AE?  Multisig gateways to other coins?  Transparent forging TF to get high transaction speed?  Multiple blockchains?  Pruning the main blockchain?  BCNext's latest out-of-left-field proposal for instant transactions based on some kind of multiple account?  Jesus, even the guy with the secret plan is proposing new ideas before completely revealing his old ideas.  This gives me a headache and a stomach ache at the same time.  

TF and 1000TPS is what sold me on this coin and is the ONLY feature we have that is above and beyond all Bitcoin clones and even Etherium on the horizon.  I get that 1000TPS would take dev work, but I thought TF was a done deal.  Now it's not?

Third, we have got to pull together as a team and FOCUS.  FOCUS.  FOCUS.  Maybe the funding committees are the start of this.  I hope so.   I would go so far to say that there needs to be yet another committee election, for a leadership committee, one with no money or unspent NXT behind it at all, just the raw power to say "NXT IS GOING TO DO THIS."  and whose members then can stand up on a stage, virtual or real, in front of people and tell them that NXT is on a course to SOMEWHERE.

Maybe I'm just in dictator withdrawal from pushing the election over the goal line.   Maybe sleep will help.  G'nite.

 

+1

I hope next month will be more friendly and simple for newcomers.

[redsn0w]

wesleys client:

Is there any way to display also the forging transactions like in NRS?

Yes, will add this later on.

+1440

[ebereon]

Gents,

Someone just stole money from a Twitter user;

This is what he is saying;

"2 days ago i set it up and withdrew my dgex NXT into my account number 2541298766073278713.

But today i open my client but i cannot access my old account, but instead directed to 18170715140588846266. Please help!"

I looked a bit in the blockchain explorer. I see that account 10715382765594435905 has stole the money.

What can we do for the victim? He is asking me to help.

This is hard to belief because it's only 54 secounds betwen the input and out put. no one can check and steal that fast except the thieft know the password and that will be a huge transaction to that account.

Sorry to say, but it's a lie in my opinion...

[Emule]

BLA BLA ( it's a joke   )
 

Where are the stakeholders ??

here they are  

[salsacz]

This is hard to belief because it's only 54 secounds betwen the input and out put. no one can check and steal that fast except the thieft know the password and that will be a huge transaction to that account.
Sorry to say, but it's a lie in my opinion...

the robots do it constantly, all Nxt network aswell as Bitcoin's is under constant attack of the guys who own billions of accounts with known passwords/private keys. Their scripts are watching them and they automatically transfer all infoming transfers to their accounts

one of them is here: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=1413811113623034318

this acc is "owned" by 53 people who were stealing from it: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=3791936988034107349

[marcus03]

This is hard to belief because it's only 54 secounds betwen the input and out put. no one can check and steal that fast except the thieft know the password and that will be a huge transaction to that account.

Sorry to say, but it's a lie in my opinion...

These kind of attacks are scripted. You take a large list of well-known, common passwords, calculate the NXT account numbers for these and then simply constantly look for these account numbers in the new transactions in the blockchains. This should actually take 1 or 2 seconds, not 54.

[redsn0w]

BLA BLA ( it's a joke   )
 

Where are the stakeholders ??

here they are  


IMAGE

I've seen xD I was wondering why not participate in the growth of the project

[BrianNowhere]

Gents,

Someone just stole money from a Twitter user;

This is what he is saying;

"2 days ago i set it up and withdrew my dgex NXT into my account number 2541298766073278713.

But today i open my client but i cannot access my old account, but instead directed to 18170715140588846266. Please help!"

I looked a bit in the blockchain explorer. I see that account 10715382765594435905 has stole the money.

What can we do for the victim? He is asking me to help.

How does that make any sense?There is no way you get redirected to a different account with the same passphrase.And the money moved from that secondary account? I find it so impossible that id say it is someone trolling.

hate to say it so bluntly, but crypto is not something for stupid people to be messing around with YET. Use at your own risk. There's no way to tell people aren't stealing from themselves then crying to the community hoping for restitution or donations. Bitcoin has that kind of crap going on all the time.