First, I don't know what you mean by "newly created coins" as NXT isn't inflationary. The coins aren't generated from thin air - they come from fees.
Second, the seized funds from Silk Road haven't been taken out of circulation, the FBI is planning to sell them.
Third, a 51% attack isn't possible with NXT, an attacker would have to get like 90% of the coins, which seems impossible. It's more likely the government will build its own ASIC network to try and take over Bitcoin if you want to engage in those kind of theories.
Firstly... "newly created" and "generated" mean the same thing... you are just arguing semantics
Secondly.. seized funds.. yes they are taken out of circulation for a time. the FBI has control of them and has NOT sold them yet that is the point. If those coins were NXT the FBI holdings would be increasing in number without them having to do anything.
Thirdly.. 51% was talking about BITCOIN.... i said the concentration of coins is fundamentally is WORSE than a 51% attack in the context of NXT because the concentration acts like gravity attracting more coins. essentially those people who control the largest amount of coins control the entire market of not just existing coins but the creation of new coins.. this is very dangerous indeed. this is the fundamental flaw of any entirely PoS system.
you missed the point of my post completely due to lack of understanding both BTC and NXT.
sorry but you're totally clueless.
in bitcoin the more mining power you acquire the more coins you create the more fees rewards you get and on top of that the 51% issue
in Nxt the more stake you have the more fees rewards you get . PERIOD (nothing else)
stakes are pretty much virtual mining chips....but which only take care of transaction/fees.
and btw i think there's also a cap in place above 1 million or something....where your chances of getting fees rewards don't increase past that (not sure thouigh)
in any case the total of coins are already allocated. it is just fees rewards (recycled coins spent in trasanction costs) . which let me tell you....it ain't that much of big business.
soon pooled forging might be in the protocol (CfB said they was working on that)....so removing the chance/lottery thing which i don't like(with the big stakeholders currently having more chances as they hold more tickets)...so with pooled forging pretty much all tarnsactions fees would be redistributed with same % . so any wallet running a node would be like some saving account giving same % return to all.
so if i have 100 nxt after an year i might have 103 nxt.....and if someone has 1000 he would then have 1030....and so on.
you can even have a stakeholder with 80% of all nxt...and it won't ruin in any way the ecosystem for the the other 20%. he can't do shit apart from dumping on an exchnge and affecting the price.....same as a big bitcoin holder can do....but that only distributes the coins and ....that's what's been happening for the past 3 months....the big original stakeholders are becoming less and less and the coin is becoming ever more distributed. infact it is currently more evenly distributed than bitcoin.
