NXT :: descendant of Bitcoin - Updated Information

[mr_random]

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.

one should give a 1M to Max Keiser

Seriously this isn't a bad idea. Send him a link to the new video and a 1M donation. Maybe wait til the distributed exchange is out.

As for the richest founders giving away significant chunks of their new found wealth - wonderful idea to dream about but in reality I can't see it happening.

[windjc]

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 agree. But its not going to happen. Its pretty apparent how this is going to play out. Nxt is going to stutter out of the gates. Many users are going to abandon it. Then when Emunie launches early February, its going to get worse for Nxt.

Eventually, the large coin holders are going to be forced to do promotions. They wont have a choice. But right now with the price spiking to .10 cents, they have no incentive. Greed is winning the day.

Remember these 71 investors, which are probably much less than 71 actually, didn't have to put any thought or innovation into this. They just threw a bitcoin or 2 at it on a whim. So, most of them don't probably have much loyalty to anything but their wallets.

But once they see their paper fortune vanish to a fraction of what it is now, they will do something.

But its going to take some pain first.

[Damelon]

Let me crunch

Thx for crunching.

*gets a bag of crisps* (or chips, depending on country)

[rickyjames]

Let me crunch

Thx for crunching.

*gets a bag of crisps* (or chips, depending on country)

LOL.  I've had to go out in the rain and over to my stepdaughter's house to clean out her cat's litter box.  Now I'm back at my own computer and crunching.  As they used to say back when America had a space program, stand by one...

[TwinWinNerD]

I see so little people begging for NXT. Why is that?

Ok then i will start:

PLEASE give me some sweeet NXT. I will thank you all my live long!!!!! Each NXT counts

16134099701168321966
16134099701168321966
16134099701168321966
16134099701168321966

[opticalcarrier]

are we under a larger attack again?  having all inds of problems.

[TwinWinNerD]

are we under a larger attack again?  having all inds of problems.

   27144      14839596582718854826      Sonntag, 29. Dezember 2013 02:27:52   
      
      1      0 + 1      134 B   
      
      1      12272758752805790749      491 %

[EvilDave]

Sorry...got interrupted by a memory leaky crash followed by real life issues...but I'm back on.

Obviously, I'd be well happy to get more NXT, but I'm not being purely selfish here.

I'd happily give away 5% of my NXT holdings (thats about 250NXT right now) to assure an insane publicity circus around the NXT launch.

Because I know that my NXT are only worth what people are willing to pay.....no buyers, no ride to the moon. Boo hoo....

Investing is sometimes like fishing, u have to scatter some bait out and then watch the fish come 2 u.


And my block check is:

   27144      14839596582718854826      zondag 29 december 2013 2:27:52   
      
      1      0 + 1      134 B   
      
      1      12272758752805790749      491 %   
   

[Ola]

We need NXT economy - stores, services etc

Do you understand the kind of economic activity the Decentralized Asset Exchange / Colored Coins will generate? think of gbsex and bitfunder and all other centralized asset exchanges shutting down...this is why the launching of nxt with these features is bound to draw in the entities that were disbanded from the previously stated activities and sky rocket nxt price...all these complainers do not have the foresight to understand what right in front of them...these nxt prices are still dirt cheap relatively, regardless of the appreciation in the last couple of weeks. some are about to miss the proverbial train yet again.

[S3MKi]

I just did i quick calculation based in the USD trade volume  @ coinmarketcap.com

thanks! thats very interesting. Good to see that NXT is in top5!

NXT is climbing again.

no

[Bitventurer]

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.

one should give a 1M to Max Keiser

Seriously this isn't a bad idea. Send him a link to the new video and a 1M donation. Maybe wait til the distributed exchange is out.

will do it after 3jan released code and all that ...  

[aldrin]

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.

[S3MKi]

Please VOTE for Adding NxT @Cryptsy here
https://cryptsy.freshdesk.com/support/discussions/topics/44434
likes/comments

[salsacz]

https://bitcointalk.org/index.php?topic=388996.0
Topic: Looking for NXT News website editor

[EvilDave]

Voted on Cryptsy.


@ Aldrin

Nice one, mate ! Its all I can say. Wish u all the best, thanks for this opportunity. 

[rickyjames]

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

Multiply "cumulative" by 100 to get percent of total Dgex deposits over the past 30 days to that line of the table.   The top guy made 17% of the total Dgex deposits, the top two made 31%, etc.

For the record, I previously posted genesis block data here:

https://bitcointalk.org/index.php?topic=345619.msg4158378;topicseen#msg4158378

[EvilDave]

Might be stupid...but what does cumulative represent?

[rickyjames]

Might be stupid...but what does cumulative represent?

multiply it by 100 and it is the cumulative percentage of the total Dgex deposits over the past 30 days to that point in the table.

There is no stupid.

[Patel]

In the top 50. 

[zhangdu]

Please VOTE for Adding NxT @Cryptsy here
https://cryptsy.freshdesk.com/support/discussions/topics/44434
likes/comments

please donate me some, then i will vote, otherwsie, with my empty acc, vote for what?