[[ANN]] Action required to save NXT

[Sebastien256]

By they I meant CFB and BCnext - not you and CFB.

As I already stated a few times, BCNext is a different person. I hold him locked in my mom's basement.

that make me laught!!! lol

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[Chang Hum]

There seems to be an issue where BCnext abruptly stopped the IPO and released them to the market at a much higher price. CFB claims he is as much in dark about it (CFB and some investor td... has been fighting all over the forums about this). If it turns out that they indeed are they same person then that potentially makes him very dodgy to say the least.

No, I'm a very different person, though CFB and I actually would agree on a lot of things like PoS vs PoW mining - too bad the NXT presale issue has come between us.

I'm not sure how to verify I'm a different person than CFB on the forum, but I'm open to suggestions if there is interest.

By they I meant CFB and BCnext - not you and CFB.

td services is BCNext aka comefrombeyond aka haventustartedtoputthepiecesofthispuzzletogetheryet

[td services]

There seems to be an issue where BCnext abruptly stopped the IPO and released them to the market at a much higher price. CFB claims he is as much in dark about it (CFB and some investor td... has been fighting all over the forums about this). If it turns out that they indeed are they same person then that potentially makes him very dodgy to say the least.

No, I'm a very different person, though CFB and I actually would agree on a lot of things like PoS vs PoW mining - too bad the NXT presale issue has come between us.

I'm not sure how to verify I'm a different person than CFB on the forum, but I'm open to suggestions if there is interest.

By they I meant CFB and BCnext - not you and CFB.

Thanks for clarification. CFB is a lot better at channeling BCnext's communications but I think I'm a lot more accurate in channeling his motives.

[Come-from-Beyond]

bump

[cebb]

Nxt is a centralised & 100% pre-mined scam. It deserve to die. I am surprised it lasted this long. RIP Nxt.

[Come-from-Beyond]

I believe that the Moderators of bitcointalk will introduce a Comedy section to the forum after reading this thread!!!  

No need. I will bump this thread each time I want to have a laugh.

[tstang]

Great story and insight.

Personally, Proof of Stake (POS) concept is interesting and different from Proof of Work (POW) like Bitcoin.

Personally, I think they should invent a coin with initial POW and POS after maybe after a threshold of 50% of more.

This would be fair to everyone as those who work hard initially like miners, get rewarded by POW, and eventually when there is very hard to mine, then the stakeholders will be rewarded for keeping them (POS).

Unfortunately, NXT choose to reward the early stakeholders and leave very little to the rest.

This is not a Fair and does not support the idea of decentralized crypto currency in the first place.

They setup their own exchange and inflate some value with no liquidity in the system, which does not reflect the true value of free market.


In the first place, this coin is doomed to fail as greed is the ultimate target.

[salsacz]

Great story and insight.

Personally, Proof of Stake (POS) concept is interesting and different from Proof of Work (POW) like Bitcoin.

Personally, I think they should invent a coin with initial POW and POS after maybe after a threshold of 50% of more.

This would be fair to everyone as those who work hard initially like miners, get rewarded by POW, and eventually when there is very hard to mine, then the stakeholders will be rewarded for keeping them (POS).

Unfortunately, NXT choose to reward the early stakeholders and leave very little to the rest.

This is not a Fair and does not support the idea of decentralized crypto currency in the first place.

They setup their own exchange and inflate some value with no liquidity in the system, which does not reflect the true value of free market.


In the first place, this coin is doomed to fail as greed is the ultimate target.

do you use Google? Facebook? Bitcoin? Why do you use them, when people who invested in it early became rich?

[nesco1805]

Great story and insight.

Personally, Proof of Stake (POS) concept is interesting and different from Proof of Work (POW) like Bitcoin.

Personally, I think they should invent a coin with initial POW and POS after maybe after a threshold of 50% of more.

This would be fair to everyone as those who work hard initially like miners, get rewarded by POW, and eventually when there is very hard to mine, then the stakeholders will be rewarded for keeping them (POS).

Unfortunately, NXT choose to reward the early stakeholders and leave very little to the rest.

This is not a Fair and does not support the idea of decentralized crypto currency in the first place.

They setup their own exchange and inflate some value with no liquidity in the system, which does not reflect the true value of free market.


In the first place, this coin is doomed to fail as greed is the ultimate target.

do you use Google? Facebook? Bitcoin? Why do you use them, when people who invested in it early became rich?

There's a fundamental difference.
I can use Gmail perfectly fine without Google shareholders having to return their investment many thousands times over.

Its not about NXT rewarding early stakeholders. It's about rewarding very FEW and having a low userbase.
Its about major NXT cats constantly having to dump and undercut each other in order to grow that base.

[SyRenity]

There's a fundamental difference.
I can use Gmail perfectly fine without Google shareholders having to return their investment many thousands times over.

Its not about NXT rewarding early stakeholders. It's about rewarding very FEW and having a low userbase.
Its about major NXT cats constantly having to dump and undercut each other in order to grow that base.

The last line was golden , through apparently there are a few genesis investors who preferred to dilute themselves early and relatively cheaply in order to spread NXT, rather then hoarding all for a big payout later. Not all lost for the humanity!

[tstang]

Great story and insight.

Personally, Proof of Stake (POS) concept is interesting and different from Proof of Work (POW) like Bitcoin.

Personally, I think they should invent a coin with initial POW and POS after maybe after a threshold of 50% of more.

This would be fair to everyone as those who work hard initially like miners, get rewarded by POW, and eventually when there is very hard to mine, then the stakeholders will be rewarded for keeping them (POS).

Unfortunately, NXT choose to reward the early stakeholders and leave very little to the rest.

This is not a Fair and does not support the idea of decentralized crypto currency in the first place.

They setup their own exchange and inflate some value with no liquidity in the system, which does not reflect the true value of free market.


In the first place, this coin is doomed to fail as greed is the ultimate target.

do you use Google? Facebook? Bitcoin? Why do you use them, when people who invested in it early became rich?

Yes, the ONLY different is that Goggle, Facebook or any other large companies are making millions before the list their company on IPO. Hence the valuation for the initial founder that created the value.

Do you think 1 Bllion NXT divided by 73 people is fair to the rest of the people? What value did they create?

[salsacz]

Great story and insight.

Personally, Proof of Stake (POS) concept is interesting and different from Proof of Work (POW) like Bitcoin.

Personally, I think they should invent a coin with initial POW and POS after maybe after a threshold of 50% of more.

This would be fair to everyone as those who work hard initially like miners, get rewarded by POW, and eventually when there is very hard to mine, then the stakeholders will be rewarded for keeping them (POS).

Unfortunately, NXT choose to reward the early stakeholders and leave very little to the rest.

This is not a Fair and does not support the idea of decentralized crypto currency in the first place.

They setup their own exchange and inflate some value with no liquidity in the system, which does not reflect the true value of free market.


In the first place, this coin is doomed to fail as greed is the ultimate target.

do you use Google? Facebook? Bitcoin? Why do you use them, when people who invested in it early became rich?

There's a fundamental difference.
I can use Gmail perfectly fine without Google shareholders having to return their investment many thousands times over.

Its not about NXT rewarding early stakeholders. It's about rewarding very FEW and having a low userbase.
Its about major NXT cats constantly having to dump and undercut each other in order to grow that base.

very few? There are 15.000 users now. Do you know, why Nxt hasn't got all functions? Because we want to gain more users before these functions will be implemented. If we had all functions month ago, Nxt would cost 10$ today. 15.000 is quite a lot

[tstang]

There's a fundamental difference.
I can use Gmail perfectly fine without Google shareholders having to return their investment many thousands times over.

Its not about NXT rewarding early stakeholders. It's about rewarding very FEW and having a low userbase.
Its about major NXT cats constantly having to dump and undercut each other in order to grow that base.

The last line was golden , through apparently there are a few genesis investors who preferred to dilute themselves early and relatively cheaply in order to spread NXT, rather then hoarding all for a big payout later. Not all lost for the humanity!

I am not sure the " few genesis investors to dilute themselves early and relatively cheaply" was in the intention of spreading NXT or to "cash-out" early, but thumps up for them!

[tstang]

Great story and insight.

Personally, Proof of Stake (POS) concept is interesting and different from Proof of Work (POW) like Bitcoin.

Personally, I think they should invent a coin with initial POW and POS after maybe after a threshold of 50% of more.

This would be fair to everyone as those who work hard initially like miners, get rewarded by POW, and eventually when there is very hard to mine, then the stakeholders will be rewarded for keeping them (POS).

Unfortunately, NXT choose to reward the early stakeholders and leave very little to the rest.

This is not a Fair and does not support the idea of decentralized crypto currency in the first place.

They setup their own exchange and inflate some value with no liquidity in the system, which does not reflect the true value of free market.


In the first place, this coin is doomed to fail as greed is the ultimate target.

do you use Google? Facebook? Bitcoin? Why do you use them, when people who invested in it early became rich?

There's a fundamental difference.
I can use Gmail perfectly fine without Google shareholders having to return their investment many thousands times over.

Its not about NXT rewarding early stakeholders. It's about rewarding very FEW and having a low userbase.
Its about major NXT cats constantly having to dump and undercut each other in order to grow that base.

very few? There are 15.000 users now. Do you know, why Nxt hasn't got all functions? Because we want to gain more users before these functions will be implemented. If we had all functions month ago, Nxt would cost 10$ today. 15.000 is quite a lot

salsacz,

we are not saying there is not enough user or the coin is shitty, just that maybe the "distribution" can be improved or divided to few stages to be fair to MOST or ALL people and not the selected 73 people .

This is like book building of IPO by Goldmac Sachs and ONLY the "Uber 3%" get the IPO.

[nesco1805]

very few? There are 15.000 users now. Do you know, why Nxt hasn't got all functions? Because we want to gain more users before these functions will be implemented. If we had all functions month ago, Nxt would cost 10$ today. 15.000 is quite a lot

A lot... OK and now what?
I suppose grow?
But in order to grow (and to make moneys, lets not forget about that) you are competing with each other and crapping all over your freshly acquired user base.

Didn't you guys get some internal memo, like Phase 1, 2,...

[SyRenity]

we are not saying there is not enough user or the coin is shitty, just that maybe the "distribution" can be improved or divided to few stages to be fair to MOST or ALL people and not the selected 73 people .

This is like book building of IPO by Goldmac Sachs and ONLY the "Uber 3%" get the IPO.

While all this right, I can only repeat what I said earlier - there are other 2nd gen crypto's are coming with exactly same features that NXT claims to have now or soon, and who should provide a fair and large distribution. So while they won't make same insane returns as NXT did, they still will provide ample profit opportunities (while probably correcting NXT price to whatever it is).

For better or worst, software is not hardware and there will be no ASIC monopoly here .

[tstang]

we are not saying there is not enough user or the coin is shitty, just that maybe the "distribution" can be improved or divided to few stages to be fair to MOST or ALL people and not the selected 73 people .

This is like book building of IPO by Goldmac Sachs and ONLY the "Uber 3%" get the IPO.

While all this right, I can only repeat what I said earlier - there are other 2nd gen crypto's are coming with exactly same features that NXT claims to have now or soon, and who should provide a fair and large distribution. So while they won't make same insane returns as NXT did, they still will provide ample profit opportunities (while probably correcting NXT price to whatever it is).

For better or worst, software is not hardware and there will be no ASIC monopoly here .

This is Evolution of crypto coins and welcome it with open arms!

[salsacz]

very few? There are 15.000 users now. Do you know, why Nxt hasn't got all functions? Because we want to gain more users before these functions will be implemented. If we had all functions month ago, Nxt would cost 10$ today. 15.000 is quite a lot

A lot... OK and now what?
I suppose grow?
But in order to grow (and to make moneys, lets not forget about that) you are competing with each other and crapping all over your freshly acquired user base.

Didn't you guys get some internal memo, like Phase 1, 2,...

please explain more

[SyRenity]

He probably means a secret master plan from your great leader BCNext / CfB, directed only to the chosen holy 70 , about how to milk the market slowly. 

[nesco1805]

Thank you ^^

For moneys that's literally created out of thin air, there was not much effort to give it away and spread before trying to cash out.