NXT :: descendant of Bitcoin - Updated Information

[Eadeqa]

Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

7MM is not that much money. That's a fucking paltry sum to be able to take down Nxt. Some guy at Goldman Sachs could wipe you out just to give Ethereum an edge. 7MM would be a cheap investment for something like that.

You've basically answered me. Nxt is EXTREMELY vulnerable and built on sand.

Ah, so someone  guy somewhere with 7 million dollars party money will buy 260 million just to destroy his 7 million dollars. How nice.

When do yo think that is going to happen? Tommorow?

If that evil rich dude waits too long, nxt prices might be up 6 cent in 6 months, then it will cost him  14 million :

He better hurry up.

 

[timmyd]

That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM

Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.

This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires.

[Eadeqa]

That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM

Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.

This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires.

Yeah I didn't even bother mentioning that. Buy just 50 million out of BTER and the price would already be way over 20 cents. 
 

[BrianNowhere]

Cfb didn't answer the dev of mastercoin on lets talk bitcoin when he was talking fud. Draw your own conclusions.

Yet he regularly replies to emule. I have drawn conclusions about his not answering people who have real questions.
He clearly doesn't give a shit about clearing up misconceptions, if that's in fact what they are.

You can call me whatever you want. I'm not even talking to you. I'm hoping to get through to the little guy out there who is reading this forum, thinking about plunking down a large chunk of their salary down on a technology that is being misrepresented in it's marketing and that possibly has huge technical flaws that no developer is willing to answer questions about or clear up. Read the 3rd part of BCNext's plant. It goes right to the heart of what I am getting at.

I think there's a reason C-F-B released that on April 1st. You're all fools if you can't see that it clearly says Nxt is built on sand.

[Come-from-Beyond]

C-F-B or Mtchcl (maths guy) could shut me up for all time by giving me a definitive answer here.

I'm not going to shut u up, keep spreading awareness.

[timmyd]

Actually I run many nodes to protect the NXT network. Just becuz I wanna secure it.

An absolutely awesome coin, why not help?

+1billion
Ppl should be running nodes to protect their investment and nothing to do with earning more. Greed is whats killed btc. it was never intended to be mined and exchanged to usd. Nxt was designed to stop the greedy mining mentallity that bitcoin has. if btc didnt reward miners it would be no more. I hold nxt and forge for the greater good of the network not to earn more nxt. if you want to earn more nxt create a business model on top of nxt which is what it was initially designed for.

[instacalm]

for love of god.. please write 'you' not u

Why would he? It's his style.

[Eadeqa]

. I'm hoping to get through to the little guy out there who is reading this forum, thinking about plunking down a large chunk of their salary down on a technology that is being misrepresented in it's marketing and that possibly has huge technical flaws that no developer is willing to answer questions about or clear up. Read the 3rd part of BCNext's plant. It goes right to the heart of what I am getting at.

Ah, he was leaving yesterday, but now   we have BrianNowhere permanently here. His life time goal is to spread awareness  

[BrianNowhere]

That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM

Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.

This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires.

Yeah I didn't even bother mentioning that. Buy just 50 million out of BTER and the price would already be way over 20 cents. 
 

Someone slowly injecting 7MM into the Nxt market would not be that shocking. It's to be expected if it is successful.
Sure people would get rich as the price rose, just like with Bitcoin.  That's not the point at all. The point is that it's POSSIBLE. if it's possible then smart people will know this and will not invest.
It will never take off because there's too much risk that the networks growth will also be it's demise.


At .20 per Nxt it would still only amount to $52MM dollars. Leveraged buyouts cost way more than that.

[DrearyUrbanite]

Actually I run many nodes to protect the NXT network. Just becuz I wanna secure it.

An absolutely awesome coin, why not help?

+1billion
Ppl should be running nodes to protect their investment and nothing to do with earning more. Greed is whats killed btc. it was never intended to be mined and exchanged to usd. Nxt was designed to stop the greedy mining mentallity that bitcoin has. if btc didnt reward miners it would be no more. I hold nxt and forge for the greater good of the network not to earn more nxt. if you want to earn more nxt create a business model on top of nxt which is what it was initially designed for.

That's what I'm talking about. I think there are are a lot more people with this attitude than those expressing disappointment about a monetary return for forging.

[xlcus]

@Come-from-Beyond 
Is it getting close to your retired date?

[Come-from-Beyond]

@Come-from-Beyond 
Is it getting close to your retired date?

https://bitcointalk.org/index.php?topic=345619.msg6042508#msg6042508

[timmyd]

That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM

Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.

This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires.

Yeah I didn't even bother mentioning that. Buy just 50 million out of BTER and the price would already be way over 20 cents. 
 

Someone slowly injecting 7MM into the Nxt market would not be that shocking. It's to be expected if it is successful.
Sure people would get rich as the price rose, just like with Bitcoin.  That's not the point at all. The point is that it's POSSIBLE. if it's possible then smart people will know this and will not invest.
It will never take off because there's too much risk that the networks growth will also be it's demise.


At .20 per Nxt it would still only amount to $52MM dollars. Leveraged buyouts cost way more than that.

Brian whats amazing about this universe we live in is that practically anything is possible. An asteroid could wipe us all out tomorrow. a russian billionaire could buy all the btc up? one day a pig will fly. you cant live life worrying about what ifs. yes somebody could buy up alot of nxt. but the odds of this happening are not very likley. if we all thought like that nothing would ever be achieved. i suggest you lose the negative attitude and do something about your thoughts or leave us be. either way nxt is thriving and will continue to do so for the forseeable future.

[Eadeqa]

The point is that it's POSSIBLE. i

It's possible to arrest all Ripple employee, and shut them down.
It's also possible to buy all bitcoin riggs, and take over bitcoin completely.
It's also possible that we will be all dead anyway by next mutation of flue virus.

I am not losing sleep over any of these possibilities.

[TwinWinNerD]

That's assuming the rest are all dishonest and coordinating together. An impossibility.

If 50% of all stakeholders shut down their clients (bitching at them for whining about not getting rewards doesn't help, they don't read bitcointalk.org)

26% of 1B is 260MM

Please point me to an account that has 260M nxt. That's 7 million dollars (even at current low rate).  Why would I invest 7 million dollars in nxt and then do anything to the network that will destroy my own 7 million dollars investment.


If you have answer to that bold part, please share it.

If you try to buy 260M it will cost you FAR more than 7 millions. You can't find that volume unless you rise the price significantly to make big stakeholders to sell.

This would be finacial suicide. Never gonna happen. and the plus side to this is all ppl holding nxt would also become millionaires.

Yeah I didn't even bother mentioning that. Buy just 50 million out of BTER and the price would already be way over 20 cents. 
 

Someone slowly injecting 7MM into the Nxt market would not be that shocking. It's to be expected if it is successful.
Sure people would get rich as the price rose, just like with Bitcoin.  That's not the point at all. The point is that it's POSSIBLE. if it's possible then smart people will know this and will not invest.
It will never take off because there's too much risk that the networks growth will also be it's demise.


At .20 per Nxt it would still only amount to $52MM dollars. Leveraged buyouts cost way more than that.

Wanna know what would happen if someone dumps 50 mio USD in this coin and destroys it?

We will just make a quick and dirty fix, roll back the blockchain to a time before the mass buy and start over That's a beauty isn't it?^^

[timmyd]

eadeqa we are the same wave length

[BrianNowhere]

This is my last post at this forum.

I'll give 200 Nxt to the person who catches me posting here again and shows me this post. If someone tells lies about my motivations again or mischaracterizes what I've asked or said I won't be able to defend myself. You call can read and decide for yourselves who the asshole was here.

I've now said my piece. I am clearly not wanted here. I hope that all you potential investors here read through my questions and continue trying to get answers if anything I have written here makes you wonder as well.

As for right now i see Nxt is built on sand and there's huge problems regarding whether or not POS can work, at least in this implementation of it. Read BcNext's 3rd plan and read between the lines against the context of the questions I have been asking.
 
I hope they solve these potential problems with leased forging or node-coins or whatever. My assessment is that none of these problems will be solved anytime soon so theres plenty of time to watch the development and buy in later if they start to get their shit together.

Sayonara geeks. See you on the moon.

[xlcus]

@Come-from-Beyond 
Is it getting close to your retired date?

https://bitcointalk.org/index.php?topic=345619.msg6042508#msg6042508

Thanks for answer.  I get it. Half-time work till summer. 

[timmyd]

Good bye brian and good luck with your other investments. shame you feel the way you do. can i add that you cant have solid concrete foundations without SAND. 

[Fatih87SK]

Good bye brian and good luck with your other investments. shame you feel the way you do. can i add that you cant have solid concrete foundations without SAND. 

Enough said. +1