Bitcoin Forum
May 06, 2024, 05:40:13 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 22 23 24 25 26 »
  Print  
Author Topic: NXT coin - A total scam?  (Read 49715 times)
FrictionlessCoin
Legendary
*
Offline Offline

Activity: 868
Merit: 1000


Cryptotalk.org - Get paid for every post!


View Profile
January 24, 2014, 04:45:35 AM
 #281

gimme an ID, I dont know about it.
this is fair and normal distribution



Yes,  that means the majority are in the mean.

With Nxt,  9 accounts holds 57% of all coins.

I am just saying that a more fair distribution would be better.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
1715017213
Hero Member
*
Offline Offline

Posts: 1715017213

View Profile Personal Message (Offline)

Ignore
1715017213
Reply with quote  #2

1715017213
Report to moderator
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715017213
Hero Member
*
Offline Offline

Posts: 1715017213

View Profile Personal Message (Offline)

Ignore
1715017213
Reply with quote  #2

1715017213
Report to moderator
salsacz
Hero Member
*****
Offline Offline

Activity: 490
Merit: 504


View Profile
January 24, 2014, 04:47:03 AM
 #282

gimme an ID, I dont know about it.
this is fair and normal distribution



Yes,  that means the majority are in the mean.

With Nxt,  9 accounts holds 57% of all coins.

I am just saying that a more fair distribution would be better.
nope, there was no acc with 170 mega. show ID
FrictionlessCoin
Legendary
*
Offline Offline

Activity: 868
Merit: 1000


Cryptotalk.org - Get paid for every post!


View Profile
January 24, 2014, 04:53:35 AM
 #283

gimme an ID, I dont know about it.
this is fair and normal distribution



Yes,  that means the majority are in the mean.

With Nxt,  9 accounts holds 57% of all coins.

I am just saying that a more fair distribution would be better.
nope, there was no acc with 170 mega. show ID

Here it is:  http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10105875265190846103

Look at amount in and amount out. 

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
salsacz
Hero Member
*****
Offline Offline

Activity: 490
Merit: 504


View Profile
January 24, 2014, 04:55:52 AM
 #284

gimme an ID, I dont know about it.
this is fair and normal distribution



Yes,  that means the majority are in the mean.

With Nxt,  9 accounts holds 57% of all coins.

I am just saying that a more fair distribution would be better.
nope, there was no acc with 170 mega. show ID

Here it is:  http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10105875265190846103

Look at amount in and amount out. 

What's wrong with the unclaimed coins account? Go to school... Or church
FrictionlessCoin
Legendary
*
Offline Offline

Activity: 868
Merit: 1000


Cryptotalk.org - Get paid for every post!


View Profile
January 24, 2014, 04:58:28 AM
 #285

gimme an ID, I dont know about it.
this is fair and normal distribution



Yes,  that means the majority are in the mean.

With Nxt,  9 accounts holds 57% of all coins.

I am just saying that a more fair distribution would be better.
nope, there was no acc with 170 mega. show ID

Here it is:  http://87.230.14.1/nxt/nxt.cgi?action=3000&acc=10105875265190846103

Look at amount in and amount out. 

What's wrong with the unclaimed coins account? Go to school... Or church

Unclaimed?  The guy got 170 million, and took out 170 million.   Can you explain this 170 million account?

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
salsacz
Hero Member
*****
Offline Offline

Activity: 490
Merit: 504


View Profile
January 24, 2014, 05:05:05 AM
 #286

This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of:
170486123 <--- 170 million Nxt

Looks like 9 guys have a lot of stake. 

170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January.

This is a real and fair Nxt distribution, do not listen to his liar.

TwinWinNerD
Legendary
*
Offline Offline

Activity: 1680
Merit: 1001


CEO Bitpanda.com


View Profile WWW
January 24, 2014, 05:10:06 AM
 #287

This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of:
170486123 <--- 170 million Nxt

Looks like 9 guys have a lot of stake. 

170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January.

This is a real and fair Nxt distribution, do not listen to his liar.



I am a big fan of NXT, but that chart is just a random way of displaying information that is abusing some major facts. You CAN NOT compare two payment systems that have so extremely different userbases with percent quantiles. That is not fair.

Do you personally think, that if we double our userbase, that the first NXT number would not get nearly half as big?

salsacz
Hero Member
*****
Offline Offline

Activity: 490
Merit: 504


View Profile
January 24, 2014, 05:12:39 AM
 #288

you can compare the relationships, right? 0.14 is 2x bigger than 0.07 in Nxt, but similar table - 0.087 is 17x bigger than 0.005. Or not?
TwinWinNerD
Legendary
*
Offline Offline

Activity: 1680
Merit: 1001


CEO Bitpanda.com


View Profile WWW
January 24, 2014, 09:08:33 AM
 #289

you can compare the relationships, right? 0.14 is 2x bigger than 0.07 in Nxt, but similar table - 0.087 is 17x bigger than 0.005. Or not?

well, the question is not if you can, you have done it.

The question is, is it fair to do that? I am willing to bet, that after 2 years, the top NXT holders will have a way bigger % than the biggest BTC holders.
Edit: My point is, the 0.005% of BTC are more people than the 0.07% of NXT.

FrictionlessCoin
Legendary
*
Offline Offline

Activity: 868
Merit: 1000


Cryptotalk.org - Get paid for every post!


View Profile
January 24, 2014, 10:39:39 AM
 #290

you can compare the relationships, right? 0.14 is 2x bigger than 0.07 in Nxt, but similar table - 0.087 is 17x bigger than 0.005. Or not?

well, the question is not if you can, you have done it.

The question is, is it fair to do that? I am willing to bet, that after 2 years, the top NXT holders will have a way bigger % than the biggest BTC holders.
Edit: My point is, the 0.005% of BTC are more people than the 0.07% of NXT.

I think the issue with Nxt distribution versus Bitcoin distribution is that Bitcoin is still distributing new coins.  It is just 1/2 of the way there.   

Nxt by contrast has distributed everything.  Only the transaction fees are left to collect.

So I agree with the Nxt contention that today the Nxt distribution may be more fair than the current BTC distribution.  However, I agree over time that BTC will have fairer distribution.

 
                                . ██████████.
                              .████████████████.
                           .██████████████████████.
                        -█████████████████████████████
                     .██████████████████████████████████.
                  -█████████████████████████████████████████
               -███████████████████████████████████████████████
           .-█████████████████████████████████████████████████████.
        .████████████████████████████████████████████████████████████
       .██████████████████████████████████████████████████████████████.
       .██████████████████████████████████████████████████████████████.
       ..████████████████████████████████████████████████████████████..
       .   .██████████████████████████████████████████████████████.
       .      .████████████████████████████████████████████████.

       .       .██████████████████████████████████████████████
       .    ██████████████████████████████████████████████████████
       .█████████████████████████████████████████████████████████████.
        .███████████████████████████████████████████████████████████
           .█████████████████████████████████████████████████████
              .████████████████████████████████████████████████
                   ████████████████████████████████████████
                      ██████████████████████████████████
                          ██████████████████████████
                             ████████████████████
                               ████████████████
                                   █████████
.CryptoTalk.org.|.MAKE POSTS AND EARN BTC!.🏆
milkmanone
Newbie
*
Offline Offline

Activity: 10
Merit: 0


View Profile
February 01, 2014, 11:25:44 PM
 #291


salsacz (January 16, 2014). Retrieved from: http://nxtcoin.blogspot.fi/2014/01/nxtmyths-1-nxt-is-not-scam-it-wasnt.html

NXT:

Nxt was invented by BCNext, who is a programmer at the age of 35+, who lives in Europe.[1] He is a veteran member of Bitcointalk forum, but he stays anonymous like Satoshi Nakamoto.[2] He can still reveal his identity, as he promised.[3] BCNext prefers to work on creating the project alone. He paid a team of core developers to help him with the client and create some functionalities like decentralized exchanges. One member of the core development team Come-from-Beyond was paid by BCNext to work on Nxt from October 2013 till April 2014.[4] Come-from-Beyond is a 34 years old programmer from Minsk in Belarus.[5]

On January 2014 joined Jean-Luc a core team as a non-paid programmer.[6] He has a Phd, probably comes from Switzerland (or France) and already celebrated his 30th birthday.[7] Jean-Luc’s duty is to work on the code. Jean owns nice amount of NXT, that's why he is programming for free, for the benefit of his own investment. BCNext was only an inventor, others will continue on his legacy and rewrite his ideas into a better looking Java codes.
After the release of the source code started many developers with code corrections.

 A few Greek IT experts from Thessaloniki and Athens are being paid for reviewing the code by the original stakeholder Klee who is managing them.[8] Klee spent a huge part of his Nxt on donations, bounties and giveaways.[9] He doesn’t hide his real identity, so he is moderating Facebook group Ubiquitous Cryptocurrencies under his real name.[10] The names of his team were also revealed.

There were only 8 original stakeholders who paid 1 Bitcoin during open IPO.[11] Each of them got 50 million NXT, Klee is one of them. In January 2014 only 4 of these 8 original stakeholders own more than 30 million NXT.[12]
There are at least seven developers who are working on the Nxt’s applications fulltime: Abuelau, ferment, nexern, NxtChg and Graviton with his assistant, who helps him with the biggest Nxt exchange. This list isn't finite, there are many new Nxt developers, like Marcus03 or wesleyh with their fantastic apps. There are tenths of helpers, translators, authors of articles, but people who said that they “work” for Nxt fulltime or at least halftime are: Joefox, Opticalcarrier, Pinarello and Salsacz.
500 different people had already been discussing at the main Nxt thread in Bitcointalk.[13] Once there were 93 active nicks in last 3 days. In the middle of January they reached 20.000 posts at the page of 1000.

The statistic from the end of 2013 shows the biggest spammers of the Bitcointalk topic: Come-from-Beyond (2005), laowai80 (460), klee (324), smaragda (304) and opticalcarrier (211). 15.000 people own Nxt account, this number rises by 200-400 every day.[14] 500 users own more than 100.000 NXT, 2.000 stakeholders own more than 1000 NXT.[15]
Nxt network of peers has got members from all over the world. Most people come from the United States, but there is also a big community in Germany, Hong Kong, Russia, United Kingdom, Japan and Netherlands. There is one user from Iceland, Jamaica, Panama, Ethiopia or Israel.[16] Some of the Nxt Wiki pages have already been translated into 11 languages.[17]
Nxt is still a small group of individuals who have no centralized place. Nxt is a decentralized currency, that’s why there are more Nxt forums, exchanges, sites, social media profiles and also marketing groups. There will never be any main leader. All decisions in Nxt will be based on democratic voting.

Questions for BCNext:
January 2014:
Q:  Why was the initial funding cancelled suddenly with few people?
A:  I wanted Nxt to be launched by the community, not by a single person.  Success of Nxt is supposed to be achieved by work of a LOT of PEOPLE.
Q:  How would you solve problem with scam accusations according to "unfair" distribution Nxt to 73 big stakeholders?
A:  This problem can not be solved.  Even if we had a million stakeholders the rest seven billion people would call this unfair.  A world with the money can not be perfect.
Q:  What are the most important 5 things the community should do, in order to properly support Nxt in the next 6 months?
A:  Review all my ideas, they might be flawed.  Avoid centralization.  Do not pay much attention to the price of 1 NXT measured in fiat money.  Remember that half-measures is a way to nowhere.  Do not trust strangers on the Internet, especially if their nickname is "BCNext".

November 2013:
Q: how many bitcoins are you going to contribute? (are you going to keep the coins you contributed yourself?  or you will take a creator cut (certain %)
A: I don't know how much I will contribute.  This depends on the price of Bitcoin and some other factors.  These bitcoins, like the others, will be used to pay bounties for development.  No creator cut.
BCNext’s citations:
A lot of time was spent on talking, the outcome did not satisfied me.  That is why now I am working alone.  The things are implemented much faster this way.[18]

What others said about BCNext:
Come-from-Beyond:
 „I don't think BCNext is interested in money. He spent more than he raised funds.“[19]
„With all my respect to BCNext, he is too paranoic about FBI/aliens/illuminati, they r not interested in kidnapping of yet-another-cryptocoin creator. I believe that was (unsuccessful) PR attempt. Fortunatelly, we don't need him after the launch.“[20]

What is BCNext?
Next is next.
Salsa also thinks that „BC“ comes from the Proof of Stake article and referrs to „Beyond Cryptocurrency“.

What else do we know about BCNext?
He often uses special phrase „can not”. He is a genius who doesn’t care about money or glory.

BCNexts likes symbols:
Now we know about 3 symbolic numbers hidden in the world of Nxt:
-       3 January – the release of Nxt happened 5 years after the release of Bitcoin.
-       21 Bitcoins – The IPO was stopped in the time when were gathered 21 Bitcoins, i tis 1/1000.000 of the all existing Bitcoins from now on.
-       Anonymous BCNext – BCNext plays the same role as Satoshi Nakamoto. We don’t know who they are.

salsacz (January 16, 2014). Retrieved from: http://nxtcoin.blogspot.fi/2014/01/nxtmyths-1-nxt-is-not-scam-it-wasnt.html
salsacz
Hero Member
*****
Offline Offline

Activity: 490
Merit: 504


View Profile
February 01, 2014, 11:40:54 PM
 #292

usahero
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250


View Profile
February 02, 2014, 12:59:49 AM
 #293

Rofl at being proud of NXT distribution. I hope this shit dies or someones creates a fork with same attributes but new ppl Cheesy
Keyser
Member
**
Offline Offline

Activity: 103
Merit: 10


View Profile
February 02, 2014, 01:14:11 AM
 #294

I have done a lot reading about NXT and cant seem to grasp why so many users here support it with so much enthusiasm.  Other premined coins get trashed on this forum so fast.  But for some reason people still defend that NXT has a fair distribution.  Every other altcoin mentioned here also goes thru the ringer with scam accusations, attacks on the developers, ad hominem.  But somehow Next is accepted and here is the freaking shocker, it is actually appreciating in value.

Anyway, gratz to the Few that are making out big time on this one.  It certainly wont be at my expense.
opticalcarrier
Full Member
***
Offline Offline

Activity: 238
Merit: 100



View Profile
February 02, 2014, 01:16:02 AM
 #295

Rofl at being proud of NXT distribution. I hope this shit dies or someones creates a fork with same attributes but new ppl Cheesy

its called NEM, and there are tons of NXT people behind it.  it will lag NXT for quite a while though
Come-from-Beyond
Legendary
*
Offline Offline

Activity: 2142
Merit: 1009

Newbie


View Profile
February 02, 2014, 05:49:13 AM
 #296

I have done a lot reading about NXT and cant seem to grasp why so many users here support it with so much enthusiasm.

I'm so sorry for that...
ninjatflex
Full Member
***
Offline Offline

Activity: 140
Merit: 100


View Profile
February 08, 2014, 01:20:41 PM
 #297

I bought a fair bit of NXT the other day from DGEX, and promptly sent it to my client. I requested the withdrawal well over 60 hours ago and it was marked 'completed' probably about 24 hours ago - but it still hasn't arrived. I'm getting to the point where I don't think i'll ever see my NXT. The more and more I read about NXT the more fishy everything seems. The sheer amount of people that seem to have had the same problem as me is ridiculous.

I've submitted numerous emails to DGEX but no one is responding. Can't get any information out of anyone really.
notsoshifty
Sr. Member
****
Offline Offline

Activity: 378
Merit: 250


View Profile
February 09, 2014, 09:36:02 AM
 #298

I bought a fair bit of NXT the other day from DGEX, and promptly sent it to my client. I requested the withdrawal well over 60 hours ago and it was marked 'completed' probably about 24 hours ago - but it still hasn't arrived. I'm getting to the point where I don't think i'll ever see my NXT. The more and more I read about NXT the more fishy everything seems. The sheer amount of people that seem to have had the same problem as me is ridiculous.

I've submitted numerous emails to DGEX but no one is responding. Can't get any information out of anyone really.

Does it show up in the public block explorers?

http://87.230.14.1/nxt/nxt.cgi?action=10
http://www.mynxt.info/blockexplorer/

Have you tried putting a post up on Graviton's forum:

https://nextcoin.org/index.php/topic,3.0.html

A while back, I did this and got a reply within 2-3 hours.
apuestascoin
Hero Member
*****
Offline Offline

Activity: 586
Merit: 500


Gambling bitcoin webmaster


View Profile WWW
February 12, 2014, 11:37:20 AM
 #299

I had 504 Nxt , one month later  I am conected and my balance is 0  Huh

My version is 0.4.4 i put my phrase and balance 0.

Some solution?

hostmaster
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250


View Profile WWW
February 12, 2014, 11:39:23 AM
 #300

NXT is not scam, but early stage wa snot fair enough as ipo.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 [15] 16 17 18 19 20 21 22 23 24 25 26 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!