NEM and NXT conspiracy?

[choochimil]

I doubt they are the same devs.

I have some NXT and have bought into NEM, so I hope they both do well.

[1714955992]

1714955992

[1714955992]

1714955992

[1714955992]

1714955992

[1714955992]

1714955992

[1714955992]

1714955992

[Wipeout2097]

BCnext was right. there is no way to distribute coins that is fair unless you give equal amounts of coins to each person in the world on release.
giving them to miners (0.001% of worlds population) is not fair
giving them to investors (1% of worlds population) is not fair
giving them to bitcointalk accounts for just saying "intrested" is still not fair.

It is debatable if https://bitcointalk.org/index.php?topic=430467.0 is already fair, but is surely much better.

[ZeroTheGreat]

Nothing "fair" there from my point of view ("", cos I disagree with basic fairness concept completely):

U can get a stakes from 6 sectors depending on your wealth and activity: e-mail (eq. share) + early (up to smth, say close to ~eq, but cappers, I suppose, actually'll get more) + 2nd (OK, up to ~eq. too) + 3rd (same here) + mining, where u can buy as much rigs as u can afford + interest on top of that. Only 1 sector (1% of all coins) hardly depends on wealth, cos cheating in some form of giveaways can be prevented + there'll be so low $/h rate for cheating anyway.

[Wipeout2097]

Nothing "fair" there from my point of view ("", cos I disagree with basic fairness concept completely):

U can get a stakes from 6 sectors depending on your wealth and activity: e-mail (eq. share) + early (up to smth, say close to ~eq, but cappers, I suppose, actually'll get more) + 2nd (OK, up to ~eq. too) + 3rd (same here) + mining, where u can buy as much rigs as u can afford + interest on top of that. Only 1 sector (1% of all coins) hardly depends on wealth, cos cheating in some form of giveaways can be prevented + there'll be so low $/h rate for cheating anyway.

Perhaps, but that's not the point anyway, is it?

[Jaguar0625]

No, there is no conspiracy.  Nem's whole concept is ridiculous.  Even its slogan was copied from Nxt.  It claims it is a "new economic movement", but they got that concept from my quote about Nxt being "not just another cryptocurrency, but a movement".  Nxt is the true "new economic movement".

It claims it is a "no envy movement", but the only reason it exists is for people to try to replicate Nxt's monetary success.

Nem's distribution is highly concentrated.  Currently, Nxt is even more distributed than Bitcoin.

Everyone who is "investing in Nem" is wasting their money imo, but people can make their own decision.

So, because you used the word movement to describe NXT, any slogan with the word movement in it is stolen from you? Makes sense...

[Jaguar0625]

I think it's so funny that people are so scared of new coins. They have an interest in coin, and then feel that they have to bash new coins, or their coin will be hurt by the new one. You should have more confidence in your investment or sell it and move on. But no, you convince yourself of lies, or purposely spread FUD about a new coin.

Everytime you do this you actually hurt the coin you care so much about. Do you really think that most people read your silly comments and think more positive about your coin? Or negative of the new coin you are so scared of? Maybe some do, but I believe that most who read your bullshit see right thru you!!

It is so funny to me!!! 

Nobody is afraid of Nem.  I'm not "bashing" anything.  I'm just stating fact.  Do NOT call me a liar.

Please explain to me how Nem is innovative?

Everything about Nem is a blatant copy from Nxt.

NEM is not a copy of NXT any more than NXT is a copy of emunie.

[Chris001]

No, there is no conspiracy.  Nem's whole concept is ridiculous.  Even its slogan was copied from Nxt.  It claims it is a "new economic movement", but they got that concept from my quote about Nxt being "not just another cryptocurrency, but a movement".  Nxt is the true "new economic movement".

It claims it is a "no envy movement", but the only reason it exists is for people to try to replicate Nxt's monetary success.

Nem's distribution is highly concentrated.  Currently, Nxt is even more distributed than Bitcoin.

Everyone who is "investing in Nem" is wasting their money imo, but people can make their own decision.

I read this an laughed my ass off. Then I read his past posts. I had tears in my eyes laughing!!

[ZeroTheGreat]

Perhaps, but that's not the point anyway, is it?

I don't see how it's "debatable fair" at all. Just another asset (relative more or less valuable) for capitalists, we all are here.

[utopianfuture]

Perhaps, but that's not the point anyway, is it?

I don't see how it's "debutable fair" at all. Just another asset (relative more or less valuable) for capitalists, we all are here.

I have to give you credit for being consistent. The concept of "fairness" belongs to a moralistic category which for some philosophers mean absolutely nothing. Debates on the the concept of "equality" is equally controversial and problematic.
The liberal philosophy understanding of "equality" in the phrase "liberty, equality and fraternity" has a limited meaning that everyone should have an equal rights before law.

I has steered NEM fundraising away from any claims of being "fairest" or "most equal". The main goal of NEM fundraising is to build a community and secondary goal is to have a decent amount of development fund. I achieved that by spreading NEM as widely and equally as possible (but not perfectly equal).  We will also focus on the principles of egalitarianism and charity but will also consider other practical considerations. Any competition toward being "fairest" or "most equal" without building community and considering other practical issues is pointless, imho.    

[Wipeout2097]

Perhaps, but that's not the point anyway, is it?

I don't see how it's "debutable fair" at all. Just another asset (relative more or less valuable) for capitalists, we all are here.

It is not "debutable"; it's debatable. In the sense that it one can discuss if alternatives are still bad or already decent, but at least that (and NEM, it seems) surely suck less than Nxt.

Then who said other people are capitalists just because you are? I'm an hobbyist and don't care about speculation or ideology.

[crypto-dude]

That's no fair affair in this space now, all trying to grab as much as they can, new gold rush in internet era.

[ZeroTheGreat]

It is not "debutable"; it's debatable.

Thx.

In the sense that it one can discuss if alternatives are still bad or already decent, but at least that (and NEM, it seems) surely suck less than Nxt.

Well: my opinion - same wealth-based distribution. And I don't get much why for people so important distribution behind (or parallel with) trading. At capitalism trading always brings us wealth-based distribution of the asset in the end. Meh, but I can live with that.

Then who said other people are capitalists just because you are? I'm an hobbyist and don't care about speculation or ideology.

I mean not by ideology, but by interacting with world. Do u buy (food, bandwidth, coins, don't matter), do u sell (time, effort, product, service, coins etc)? Do u not create barriers for free markets? In my estimation this is capitalist's actions, whatever u call yourself.

[Wipeout2097]

It is not "debutable"; it's debatable.

Thx.

In the sense that it one can discuss if alternatives are still bad or already decent, but at least that (and NEM, it seems) surely suck less than Nxt.

Well: my opinion - same wealth-based distribution. And I don't get much why for people so important distribution behind (or parallel with) trading. At capitalism trading always brings us wealth-based distribution of the asset in the end. Meh, but I can live with that.

Then who said other people are capitalists just because you are? I'm an hobbyist and don't care about speculation or ideology.

I mean not by ideology, but by interacting with world. Do u buy (food, bandwidth, coins, don't matter), do u sell (time, effort, product, service, coins etc)? Do u not create barriers for free markets? In my estimation this is capitalist's actions, whatever u call yourself.

If you are a trader, then yeah I get what you're trying to say, but I couldn't care less. tbh, I'm just a bit fed up of the Nxt shills starting BS threads to make their cultist garbage relevant in this forum. They want to beat BTC but need the Btctalk forum. They are against exchanges but shill for being traded at cryptsy. They are anti-mining and attack BTC or Doge, but conveniently forget the coins that are in a mainly PoS phase and even offered for Nxt to be an accepted currency for the rental of mining rigs!!

If I come across opportunities to make a few coins and that happens to be out of trading Nxt, I'm not going to be the "socialist" idiot that leaves money on the table. But quite frankly, this hypocritical charade is becoming very similar to the shill threads of false experts suggesting that "you" should buy Worldcoin or Doge or any other coin they want to dump. This is getting to the level of annoying spam! In that sense, NEM and others > Nxt. That also reflects on the way they make other kind of effort on the initial distribution and many other aspects, my post regarding that other coin is actually a side point on the bigger context

[ZeroTheGreat]

They want to beat BTC but need the Btctalk forum.

I'm reading and writing about Nxt at 4-5 places. BTT - one of them. I suppose vast majority of Nxters wants to stay here (habit + network effect), but it's up to BTT's admins. They're already thinking about cutting off whole Altcoin branch.

They are against exchanges

attack BTC or Doge

Who exactly? May be u're talking about trolls, who're part of every big enough project? I don't see wide behavior like this.

but conveniently forget the coins that are in a mainly PoS phase and even offered for Nxt to be an accepted currency for the rental of mining rigs!!

That ones who wants to develop PoW-coin on top of Nxt don't care about mining. For example, I do, I don't wanna such coin to be implemented, but it's free market. What about other PoS-coins? Its (PPC/NVC) PoS-mining different from Nxt's forging and discussion from time to time continues what is the best and more secured. Both better than PoW-mining (IMO) for sure.

This is getting to the level of annoying spam! In that sense, NEM and others > Nxt. That also reflects on the way they make other kind of effort on the initial distribution and many other aspects, my post regarding that other coin is actually a side point on the bigger context

I'm not so easy annoyed by non-contentext ads, but I partitially agree with u: sometimes Nxt as topic comes spammy in hand of some guys. Well, it's up to us how to deal with it. I hope there'll be much less anything like that in every crypto, incl. NEM and eXo, but there still no difference in "fairness": beauty about crypto-currency - u don't have to care who else included in any (in every popular there'll be a huge amount of pure spammers and other bad guys, if NEM, for example, will get popular - they'll come into NEM).

I'm reading not so long ago how one of bitcoiners was upset that Bitcoin not a circle of friendly well-known geeks anymore. U're acting like him, IMO.

[2Kool4Skewl]

I has steered NEM fundraising away from any claims of being "fairest" or "most equal".

You have led it down the road of confiscation and mob rule.

[CryptKeeper]

I am invested in nxt, but not a stakeholder (I came too late to the party).

I have read a lot about the unfairness of nxt distribution, about 70 stakeholders (the whales) hold the majority of coins. If you look at the nxt charts, you could sure get the idea that the whales are dumping every time nxt are rising! Even if there is no proof for this theory, I strongly believe it. But I also believe that the whales finally will slow down the dumping and become holders when they realize that there is long term value in nxt. So all will be good in the end for nxt investors, even the small fishes like me! 

tl;dr
There is no point investing in nem if you are already invested in nxt. Stay calm, watch nxt rising slowly!

[snowfu199]

I am invested in nxt, but not a stakeholder (I came too late to the party).

I have read a lot about the unfairness of nxt distribution, about 70 stakeholders (the whales) hold the majority of coins. If you look at the nxt charts, you could sure get the idea that the whales are dumping every time nxt are rising! Even if there is no proof for this theory, I strongly believe it. But I also believe that the whales finally will slow down the dumping and become holders when they realize that there is long term value in nxt. So all will be good in the end for nxt investors, even the small fishes like me! 

tl;dr
There is no point investing in nem if you are already invested in nxt. Stay calm, watch nxt rising slowly!

Agree. Nxt is going upward though there are fluctuations.

[FrictionlessCoin]

I think it's so funny that people are so scared of new coins. They have an interest in coin, and then feel that they have to bash new coins, or their coin will be hurt by the new one. You should have more confidence in your investment or sell it and move on. But no, you convince yourself of lies, or purposely spread FUD about a new coin.

Everytime you do this you actually hurt the coin you care so much about. Do you really think that most people read your silly comments and think more positive about your coin? Or negative of the new coin you are so scared of? Maybe some do, but I believe that most who read your bullshit see right thru you!!

It is so funny to me!!!  

Agree entirely.

Also,  Nxt is supposed to be open source,  so just like Bitcoin, copying and improvements of the code base is an assumption.  Calling that copying 'immoral' tells you the guy who made the quote has no clue what 'open source' means.

Finally, crypto-currencies are all about competition.  If a coin can't keep its value if it gets copied,  then that's just how it is.  Bitcoin gets copied all the time.   Its value still looks pretty good despite all the alt-coins out there.  On the flip side,  a lot of alt-coin also have extreme valuations. 

[FrictionlessCoin]

I am invested in nxt, but not a stakeholder (I came too late to the party).

I have read a lot about the unfairness of nxt distribution, about 70 stakeholders (the whales) hold the majority of coins. If you look at the nxt charts, you could sure get the idea that the whales are dumping every time nxt are rising! Even if there is no proof for this theory, I strongly believe it. But I also believe that the whales finally will slow down the dumping and become holders when they realize that there is long term value in nxt. So all will be good in the end for nxt investors, even the small fishes like me! 

tl;dr
There is no point investing in nem if you are already invested in nxt. Stay calm, watch nxt rising slowly!

That is like saying, "There's no point in investing in google if you are already invested in yahoo".

At this very early stage, everything is up for grabs.  You never know which coin is going to go gangbusters.  I for one never expected DOGE coin to explode.   

So as an investment strategy,  I encourage folks to diversify.

Consider for example one of the first coins we built.... ZenithCoin... it has been around since June 2013 (one of the earlier alt-coins).   But it only has been listed lately and exchange and is at the bottom of www.coinmarketcap.com  .  Now it is really cheap at under $25,000 total,  but you will just never know if it goes up 10x at 250,000 or 100x at 2.5m.   

We also spend effort maintaining the 2nd oldest altcoin... IXCoin... it has been around for 3 years,  we like the fact that it has a ridiculous hash rate of around 15 peta hashes. 

There is also the coin NEX that is under heavy development.  We've taken a lot of the ideas on Bitcoin's wishlist and of other 2nd gen currency and created an innovative new platform. 

The point is,  don't put all your eggs in one basket.  The situation is very fluid and you want to be position in different places.

[FrictionlessCoin]

Any competition toward being "fairest" or "most equal" without building community and considering other practical issues is pointless, imho.    

Agree here.

There are multiple considerations on how to distribute a coin. 

The long term consideration of building transaction if of course extremely important.  NEM has done a decent job of getting interest of 3,000+ participants.  That's quite good comparable to Nxt with an original 72 participants.

NEX by contrast has 150 participants who have pledged 780,000 Nxt and 1,000 email based interested participants.   It is still early stages, but I am sure with a working prototype, we expect greater participation.  There is of course a difference in how NEM and NEX are raising funds.   NEX does not collect funds until actual proof of delivery.  I'm not saying it is better,  it is just different.