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Author Topic: NXT :: descendant of Bitcoin - Updated Information  (Read 2756221 times)
pinarello
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NXT is the future


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December 26, 2013, 09:14:16 PM
 #8881


All,

time to move on. We should all let hear ow voice for uplisting to btc-e.

Pin

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PeercoinEnthusiast
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JustabitofTime - Co-Founder of CoinTropolis


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December 26, 2013, 09:14:59 PM
 #8882

lol 70 people has premined all nxt.
What do you want? only 1-3% is on trade.
97% they hold.
So price is the total bullshit, "Artificial Scarsity".
Market is totally controlled by 70 people, ideas are great but this distributed premine - totally SCUM coin.
Only 1 of them can drop the price to 0.

Now they are selling slowly little %, after some month/year(if nxt will be still alive), they will be close to limite when can loose control, so they will drop the price and buy all coin at cheap price that before they sold.
Haha, nice.
I must say they created the most beatiful scum model i have seen so far in world of crypto coins.
If nxt will be popular in future - at the moment of drop it will be the biggest scum ever, top 1.

I don't even know where to start with this mess. Catcoin, really? Smiley

JustaBitofTime - Co-Founder of CoinTropolis - Currently assisting Nxt
laowai80
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December 26, 2013, 09:15:28 PM
 #8883


All,

time to move on. We should all let hear ow voice for uplisting to btc-e.

Pin

btc-e said they won't put it, and that's for the better, since decentralized exchange is in the works anyway.
wakasaki808
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December 26, 2013, 09:15:38 PM
 #8884

Ideas are great but the innovative ones haven't even been developed yet, let alone will they work in practice.

Peercoin is eventually gonna become 99% proof of stake. It's the proof of work there that was in place to ensure a distribution system where anyone can get involved with mining for a couple of years.

This claims to be 100% initial proof of stake, and everyone gets the coins, but how the hell are you gonna distribute these? The excuse, oh they put in a lot of risk ($4,000 by 73 people is not alot of risk).

Whatever greed is going to kill this coin.

The thing I hate about PoW is the way it works which is why I mostly invest in coins in hopes of future gains (just like any investment). As I stated before, I was in DOGE from the real early days and gained a massive 30k DOGE after 2 full days of mining while others gained millions of coins. So I invested in DOGE(TO THE MOON) for 1 M DOGE and sold to gain back my investment while holding the rest in essence for free. Its what happens to the people that don't have a mining rig, and mine on their home computer or use an Nvidia Card.

There is always a point of investment somewhere in the line. People invested in mining rigs to mine coins right? Remember TINSTAAFL (There is No Such Thing As a Free Lunch). I wasn't lucky enough to purchase a computer that had an AMD graphics card, or hold the current funds or tech knowledge to purchase and create a mining rig.

If there is a better way to improve my earnings in mining, I want to know though  Tongue. I still mine alt-coins  although not as much or as fast as others Smiley

I agree that greed can kill anything though.

gbeirn
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December 26, 2013, 09:16:48 PM
 #8885

lol 70 people has premined all nxt.
Incorrect. They bought it. And coins were a lines of code + an idea, nothing more.

Correct, we invested in an idea. BCNext could have run with our BTC and then what? Anyone could have bought in, it was a completely open process for anyone.

Here is my account with the initial deposit from BCNext: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=7692313866255280204

A little more than half the coins are given away to spread adoption or for bounty thread. But oh no, the greedy founders! Giving away $10,000+ (at current market prices).

NXT VPS Server Donations can be sent here: 6044921191674841550
At the end of each month I will donate some of them back to the community.
This is separate from my main wallet so you can keep track of them. I will keep them in there and only use them for hosting.
ZeroTheGreat
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December 26, 2013, 09:16:57 PM
 #8886

Whatever greed is going to kill this coin.
That's possible. Warm up popcorn and make yourself comfortable. Math is so clear and simple comparing to mass psychology. Also, network carrying risks of defeating.
pinarello
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NXT is the future


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December 26, 2013, 09:19:02 PM
 #8887


what I need is something like this but then for BTC-e

https://cryptsy.freshdesk.com/support/discussions/topics/44434

who can provide me such page on one of the websites we have.

then we all have to sign the petition and I will bring it under the attention of btc-e

Pin

Meizirkki
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December 26, 2013, 09:19:30 PM
 #8888

But oh no, the greedy founders! Giving away $10,000+ (at current market prices).
This is an invalid argument. Without adoption your coins holds zero value.
pinarello
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NXT is the future


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December 26, 2013, 09:20:46 PM
 #8889


All,

time to move on. We should all let hear ow voice for uplisting to btc-e.

Pin

btc-e said they won't put it, and that's for the better, since decentralized exchange is in the works anyway.

ok if that is how the community thinks no problem will drop it.

Pin

mcjavar
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December 26, 2013, 09:20:59 PM
 #8890

dgex didn't charge you fee to move your coins from your count to your local wallet ...nice Smiley

by the way
how much cost this car today?



----------------------------------
nxt : 2325804792485290058


Lol
ZeroTheGreat
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December 26, 2013, 09:21:20 PM
 #8891

$4,000 by 73 people is not a lot of risk
Why not? It's nothing to do with absolute numbers. Each one wanna risk some portion of his own capital. And some relative % will be "lower risk", some relative % will be "high risk". For example: Capital $1000, risking $50 or $300 in that summary $4k mean different levels of individual business risk. Math.
relm9
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December 26, 2013, 09:21:27 PM
 #8892

Ideas are great but the innovative ones haven't even been developed yet, let alone will they work in practice.

Peercoin is eventually gonna become 99% proof of stake. It's the proof of work there that was in place to ensure a distribution system where anyone can get involved with mining for a couple of years.

This claims to be 100% initial proof of stake, and everyone gets the coins, but how the hell are you gonna distribute these? The excuse, oh they put in a lot of risk ($4,000 by 73 people is not alot of risk).

Whatever greed is going to kill this coin.

A lot has been distributed, when I started looking into NXT I saw at least some of the initial founders sold a huge chunk when prices were going for 0.1 BTC / 100k. Some are just sitting on all their coins, however.

One valid criticism is that the initial distribution could have been improved. 73 founders was too little in my opinion, would have liked to see at least 300 - but I guess it was difficult to get people on board at the time.
abctc
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December 26, 2013, 09:21:38 PM
 #8893

Hi everyone,

I've created a new Nxt Faucet, available here:

http://nxtra.org/faucet/

Please test it, I will release the source code of it tomorrow so that anyone can run their own faucet provided they have a node running on their server.
- have tested. Great works! Donations shows up very quick.

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, the Next platform.  Magis quam Moneta (More than a Coin)
timmyd
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December 26, 2013, 09:21:59 PM
 #8894

lol 70 people has premined all nxt.
What do you want? only 1-3% is on trade.
97% they hold.
So price is the total bullshit, "Artificial Scarsity".
Market is totally controlled by 70 people, ideas are great but this distributed premine - totally SCUM coin.
Only 1 of them can drop the price to 0.

Now they are selling slowly little %, after some month/year(if nxt will be still alive), they will be close to limite when can loose control, so they will drop the price and buy all coin at cheap price that before they sold.
Haha, nice.
I must say they created the most beatiful scum model i have seen so far in world of crypto coins.
If nxt will be popular in future - at the moment of drop it will be the biggest scum ever, top 1.
Says the guy clearly following doge and catcoin. Please take the time to fully understand what nxt is then come back. U just look silly

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gbeirn
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December 26, 2013, 09:22:38 PM
 #8895

But oh no, the greedy founders! Giving away $10,000+ (at current market prices).
This is an invalid argument. Without adoption your coins holds zero value.

Exactly! Why would anyone hoard coins that are worth nothing if no one else uses them? It is in everyone's best interest that the coins get distributed.

NXT VPS Server Donations can be sent here: 6044921191674841550
At the end of each month I will donate some of them back to the community.
This is separate from my main wallet so you can keep track of them. I will keep them in there and only use them for hosting.
laowai80
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December 26, 2013, 09:23:25 PM
 #8896

By the way, I think someone already is trying to create a clone of NXT, I saw a link, and he is collecting funds now. Why not participate in that project to get huge rewards? Where is that link... someone can find it?
ferment
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IDEX - LIVE Real-time DEX


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December 26, 2013, 09:23:47 PM
 #8897


wow, that's impressive ferment, i would also like to donate one more node
in asia or down under (just for fun if it's possible but of course you choose)
because these locations are great ;-)


Sure, it will take 2 minutes to do another one in either data center.

Damelon
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December 26, 2013, 09:23:56 PM
 #8898

Can I sum up the last pages of rants as: "IT'S NOT FAIR! WAAAAH!"?

Nobody is forcing you to buy it. So don't.

I invested halfway and am sorry to not have been a part earlier because, yes, I'd have made big winnings.

I didn't and nothing is going to change that. So my profits (if I dumped now) will always be lower than the early birds. Tough shit.

Suck it up and go do trading on an exchange. Plenty of room to earn some money there.

But, OH NO, that means taking a risk and investing!

Maybe you should just stick to putting your money in the bank and getting some interest.



Member of the Nxt Foundation | Donations: NXT-D6K7-MLY6-98FM-FLL5T
Join Nxt Slack! https://nxtchat.herokuapp.com/
Founder of Blockchain Workspace | Personal Site & Blog
wakasaki808
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December 26, 2013, 09:24:19 PM
 #8899

By the way, I think someone already is trying to create a clone of NXT, I saw a link, and he is collecting funds now. Why not participate in that project to get huge rewards? Where is that link... someone can find it?

It's called VisaCoin(lol?)...seems so fishy...but I am following it now.
yuriygeorge
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I hate my family


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December 26, 2013, 09:24:40 PM
 #8900

Ideas are great but the innovative ones haven't even been developed yet, let alone will they work in practice.

Peercoin is eventually gonna become 99% proof of stake. It's the proof of work there that was in place to ensure a distribution system where anyone can get involved with mining for a couple of years.

This claims to be 100% initial proof of stake, and everyone gets the coins, but how the hell are you gonna distribute these? The excuse, oh they put in a lot of risk ($4,000 by 73 people is not alot of risk).

Whatever greed is going to kill this coin.

The thing I hate about PoW is the way it works which is why I mostly invest in coins in hopes of future gains (just like any investment). As I stated before, I was in DOGE from the real early days and gained a massive 30k DOGE after 2 full days of mining while others gained millions of coins. Its what happens to the people that don't have a mining rig, and mine on their home computer or use an Nvidia Card.

There is always a point of investment somewhere in the line. Remember TINSTAAFL (There is No Such Thing As a Free Lunch).

I guess some are interested in making a killing, others are also interested in a legit/open/transparent/efficient currency system that is superior or at least adds competition to our current currency system today. Despite its innovation (which is yet to be seen/proven) if the coins remain undistributed and at a 500-600,000% price premium to original $4,000 invested, then we will see lots of panic. Can't wait for that. Getting the popcorn ready.

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