NXT :: descendant of Bitcoin - Updated Information

[ZeroTheGreat]

Keeping the price

Is speculators business: buy, sell, difference is your profit. Are we talking about it? Well, I'm not a specialist in that business at all, just don't forget to manage risks, %speculator_name%

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[bennylou]

You should post in the video that NxT's are going for 500,000% of what they sold for by the original democratically selected stakeholders. And then stress that in a month or two, you'd have to use Mega percents because that's how rocket fast this is growing!

it is a nice profit for that risk.

Yes, for $4,000 worth (21 BTC in October-Nov) of risk split between 73 people.

Easy to say for people on the other side, but for those who are looking to get in, you should have a little empathy.

How is some people making a profit in what is basically an IPO hurting people who didn't invest?

They didn't invest, so aren't losing something, nor are they forced to invest now.

If they choose to invest, that is their business and their choice.

I have a hard time figuring out what your point is other than in your opinion "it isn't fair".

There's been some talk about it over on nextcoin.org, over "being fair".  
https://nextcoin.org/index.php/topic,1268.msg13596.html#msg13596


You can have NOT a single issue with the pre-mined, 73 founders having the stake aspects, and still see it as a very greedy, self-destructing, unfair system.  The forging allows the founders to essentially have a no-loss system, about a 5% average of daily block rewards, (which they could just cash out daily in BTC if they wanted) in the range of 100-200K NXT for each 50 MIL holder, and still keep their majority stake of NXT in-tact to forge the same 5% the next day (based on my non-scientific observations of the blockchain over the last couple of days), while the rest of the "common folk", with less than say a million coins, will probably never forge, ever.  As the forging code is currently written.

I proposed a small fix allowing the fees for each block to be split amongst all forgers big and small cats randomly, but it's just small fix and will probably not stop the bleed out when 99% of the non major stake holders realize they will be leaving their computers/clients running NXT for no reason.  Not really the "cleanest" system as proposed huh?

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.

What's that old saying..?
A lot of something is something
All of nothing is nothing.

[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 totally agree, I really don't care what the marketcap says each Nxt is worth, I'm way more excited to see the high trading volume.  It's amazing for a currency only a few weeks old.  The price per Nxt will increase over time, took BTC several years of ups and downs to get where it is today. 

[yuriygeorge]

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.

[ZeroTheGreat]

the pre-mined

No such thing in PoS.

Not really the "cleanest" system as proposed huh?

Well, why not? Heat, chips amortization, tons of paper? Non of it. Just a some hundreds of web/local servers (part of it RasPi!), computers that'd be used anyway for some purpose, what I'm missing? Payment system above Internet w/o computers not very real thing.

[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.

[ZeroTheGreat]

I'm just somebody that would like to invest a few thousand dollars worth into this coin.

Do it or don't. U can miss window printing same thing again and again, window that your strategy suggesting (I hope u have strategy). And that's all.

will come up with a better distribution scheme.

I suppose u mean any imaginable that includes you will be fair, right?   Seriously, which % of humanity included in genesis'll be fair?

[toriba99]

This is a very interesting coin. I'm happy, that I have bought 10k NXT in the past. What will be the price of 1NXT in 2 month?

[Framewood]

I propose that we give the NXT a social conscious. Split some of the fees into special funds/accounts that can be used to make this a better world. The funds could be used in global education etc. This is a global system. I don't think people will mind if the fees are going to good causes rather than like bank fees which go to fund peoples second mansions or fifth Ferrari.

[ZeroTheGreat]

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.

[Damelon]

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.  

[ZeroTheGreat]

I propose that we give the NXT a social conscious. Split some of the fees into special funds/accounts that can be used to make this a better world. The funds could be used in global education etc. This is a global system. I don't think people will mind if the fees are going to good causes rather than like bank fees which go to fund peoples second mansions or fifth Ferrari.

Voting System (planned feature) can be easily used for it (some of the fees of the mecenates blocks'es I hope, everyone'd be able to choose own way to improve world or simple don't do it at all).

[chanc3r]

Well guess what, if you want other people outside of your little elite circle to join your circle, i.e., invest, and actually use the currency to trade for actual goods and services, and not just a get-rich scheme, then maybe you'd want to listen to their concerns. Your choice. I already did invest a little, about 10% of what I would like to invest. And I'm seeing the price dropping, good. Waiting on it some more.

Send me your NXT address and I'll send some.

Lol check back through the posts,,, I think yurlygeorge was on here trolling about NXT yesterday and the day before I think and people offered to send him NXT then too - nice strategy to get some...

[Damelon]

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.

[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