NXT :: descendant of Bitcoin - Updated Information

[FrictionlessCoin]

There's one guy at one address (4747512364439223888) with 50 million NXT, creating block after block... not really fair I guess, but neither is Bitcoin mining.

check in http://87.230.14.1/nxt/nxt.cgi?action=100

Is that another Nxt flaw?  It forces users to keep all their coins in a single address.  If this single address is compromised,  the loss can be much higher than a lot of addresses.

It does not forces anything. If the user doesn't want to forge, he can split it all he wants

If the guy has a lot of coin,  then the incentive is to put all that coin into one address and to forge with it.

Sheesh!

[FrictionlessCoin]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

It ain't, early adopters get richer.   That is what proof of stake is.   The more stake I have, the richer I become.   

[Trade101]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

I think the idea in general was pretty good... but as we can now see it´s only useful for the lucky few
who own several million Nxt.

[TwinWinNerD]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

that is called variance + very good setup, he forged through every crisis!

also this is a  more appropriet number: http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=2159498187382012684

[FrictionlessCoin]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

I think the idea in general was pretty good... but as we can now see it´s only useful for the lucky few
who own several million Nxt.

More specifically, the 9 people who own 50 million Nxt each.   

[Damelon]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

It ain't, early adopters get richer.   That is what proof of stake is.   The more stake I have, the richer I become.   

Show me any project that is a success where this isn't the case.

Too much time on your hands on Friday evening, Intern?

[nakaone]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

I think the idea in general was pretty good... but as we can now see it´s only useful for the lucky few
who own several million Nxt.

More specifically, the 9 people who own 50 million Nxt each.   

if I understand it correctly proof stake will not be the only way to forge coins.

[xyzzyx]

What is darkNXT?

[opticalcarrier]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

It ain't, early adopters get richer.   That is what proof of stake is.   The more stake I have, the richer I become.   

OMG!  an account with zero NXT forged 81K NXT!!!  oh teh noes!

com one.  you can make all kinds of accusations, doesnt mean you have all the facts

[visaco]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

not funny
it's seems everything is built up to make fat-cat elephant
 i think after 3 years or 4 all nxt will be in few hands again.

[salsacz]

Funding request

We have paid for 1 minute sponsor spot at the Let's talk Bitcoin for 3 months. (http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=2976219914929693803)

It cost 290k NXT for 3 months

- anonymous donator paid 50.000 Nxt
- neer.g would be willing to pay 1/3
- we are still looking for: 150.000 Nxt (they were spent from neer.g's reserv from NxtMarketing acc for now):

first violet table:
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=15

First spot will be on air this Friday.

You can see discussion here:
https://bitcointalk.org/index.php?topic=412243.msg4765394#msg4765394

Could we spare some unclaimed coins for this advertisement?

NxtMarketing account:

2037401990853753795

(Info about acc)

More info:

Joefox already created first samples:
General Nxt intro: https://soundcloud.com/whatsupnxt/nxtminute-0001
Nxt minute: https://soundcloud.com/whatsupnxt/nxtminute_0002

bump..

[FrictionlessCoin]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

It ain't, early adopters get richer.   That is what proof of stake is.   The more stake I have, the richer I become.   

OMG!  an account with zero NXT forged 81K NXT!!!  oh teh noes!

com one.  you can make all kinds of accusations, doesnt mean you have all the facts

Just saying how it really is.   The rich get richer.    What facts did I miss?

[Damelon]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

It ain't, early adopters get richer.   That is what proof of stake is.   The more stake I have, the richer I become.   

OMG!  an account with zero NXT forged 81K NXT!!!  oh teh noes!

com one.  you can make all kinds of accusations, doesnt mean you have all the facts

He's just up to his normal transparent routine of quoting half truths.
When someone (doesn't matter who) says something that may be suspicious, even if someone says something to explain it, he jumps on it and repeats it.
He also will ignore the relevant facts that would explain how things really are.

It's a well-known tactic used by spin doctors all over the world to try and discredit someone or something.

It's also tiring and old hat.

[salsacz]

Bump..

Conference fund for year 2014:

Looking for 210.000 Nxt + 20.000 Nxt for each booth

More Nxt = more materials for booths

NxtMarketing acc:
2037401990853753795

All payments and donations are transparent (we accept anonymous donators too):
https://docs.google.com/spreadsheet/ccc?key=0AgAGADgnQcrtdHRrV3V3Z1lzOXVEMWtqdElUaEtqV1E#gid=15

Miami:
   - Spent $ 800 and ticket for Nifty, supported by Nifty + Justa (maybe we should pay Nifty at least 10.000 nxt)

Berlin
tickets:
5x 100 Euro
McJavar - funded 15,304 NXT (http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=11433600460445633305)
- l8orre - local (= ticket only)
- admiral.fu ("My main interest to be there is BTC"), 1) designing/printing 10 T-shirts for me and other nexters
- Bitventurer - ??
- Salsacz (?) - from South Bohemia
- narknark (?) - from Hamburg

= 5x (3000 Nxt) + 2-4x travel+hotel (1-4000 Nxt) = 15.000 + 8-16.000 = 25-35.000 Nxt

Texas:
Tickets:
3x $275 (maybe a discount for speaker) =  $800 = 15.000 NXT
 rickyjames (SPEAKER?) - $614.92 for hotel etc = 12.000 Nxt
- Asian Prepper - hotel or locals?
- Leon Fu - hotel or locals?

Current cost: 27.000 NXT

New York (April 7/8)
- jefdiesel
Networking Pass = $10

Total cost 5.000 nxt

Toronto (April 11/13)
- Joefox
Total cost - 20.000 nxt

Amsterdam (May)
- cryptocoinNL
- Damelon
- Cryptomenn
- Edward Snowden (?)
- EvilDave
- titan20
- Bitventurer
- salsacz (??)
Total cost: 20-40.000 nxt

Washington (June 20/22)
tickets: till June 10th $300
Total cost: 0 nxt

Hong Kong (June 24/25)
- Allwelder
Total cost: 10.000 NXT

Melbourne (July 10/11)
Total cost: 10.000 NXT

London (September 10)
Total cost: 10-20.000 Nxt

Shanghai (September)
Total cost: 10.000 NXT

Las Vegas (October 6/7)
Total cost: 10-20.000 NXT

***

Brochures:
5.000 Nxt+

Business Cards:
5.000 Nxt+

T-shirts:
5.000-10.000 nxt

Other items, graphics:
20.0000 Nxt

Conference fund for 2014:
= 210.000 Nxt, 250.000 would be better

If we have a booth:
+ 20.000 for each booth

NxtMarketing acc:
2037401990853753795

[TwinWinNerD]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

It ain't, early adopters get richer.   That is what proof of stake is.   The more stake I have, the richer I become.   

OMG!  an account with zero NXT forged 81K NXT!!!  oh teh noes!

com one.  you can make all kinds of accusations, doesnt mean you have all the facts

Just saying how it really is.   The rich get richer.    What facts did I miss?

The rich get richer, but apparently the dumb get dumber

[opticalcarrier]

...Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

jeez man, what youve just posted is EXACTLY what we've been shouting for months.  The difference is that your ASICs depreciate, consume lots of power, and require maintenance

[Damelon]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

It ain't, early adopters get richer.   That is what proof of stake is.   The more stake I have, the richer I become.  

OMG!  an account with zero NXT forged 81K NXT!!!  oh teh noes!

com one.  you can make all kinds of accusations, doesnt mean you have all the facts

Just saying how it really is.   The rich get richer.    What facts did I miss?

You know, stating something as fact does not mean the burden of proof then lies with the other party.

Let me try your tactic back at you.

FrictionlessCoin is an idiot using spin doctor tactics in the best tradition of the worst presidential campaigns.

Just saying how it really is.

What fact did I miss?

[Come-from-Beyond]

(don't batter him everytime, just cause he started as a troll)

It's quite hard, he worked very hard to earn this reputation. I'll try.

[msin]

An account with 2 million NXT generated 28 NXT... the 50 million NXT guy generated almost 100k NXT lol

The concept is pretty flawed. Whoever gets the most coins makes most coins, how is that different from ASICs on Bitcoin? Someone care to explain?

I think the idea in general was pretty good... but as we can now see it´s only useful for the lucky few
who own several million Nxt.

More specifically, the 9 people who own 50 million Nxt each.   

What 9 people?  Can you please show me their accounts #'s?

[Come-from-Beyond]

Is that another Nxt flaw?

Kinda. But this flaw fixes another flaw so we r fine.