NEM - copycat scam?

[squatsnmilk]

To me NEM seems like a copycat scam.  Anyone can just copy the code of NxT and then use it to their advantage.  After all the NEM coins are "equally distributed", who would be dumb enough to buy in, thus increasing the value?

[1714108474]

1714108474

[Isildur23]

To me NEM seems like a copycat scam.  Anyone can just copy the code of NxT and then use it to their advantage.  After all the NEM coins are "equally distributed", who would be dumb enough to buy in, thus increasing the value?

They just make silly attempts to ruin the image of Nxt. Clones are useless because they can't copy transparent forging. Anyways, soon they will give up and buy Nxt themselves
http://bitcoinmagazine.com/9826/nxt-proof-stake-new-alternative-altcoin/

[Coinsy]

You could say this about any Bitcoin clone... aka 98% of all altcoins.

[hyunsookmom]

Its not a copy cat scam, its just a copy cat.....openly so.

[cryptonikus]

Its not a copy cat scam, its just a copy cat.....openly so.

Not anymore, devs decided to write new code from scratch, using best of NXT plus NEMs own improvements.

[dylan123]

I think nem will do better than nxt

[lexicon]

NEM is not a copy

[Cesar22]

better try No Coin!


https://bitcointalk.org/index.php?topic=469352.0

[vonBerlichingen]

Would be good to hodl both.

[tesslerc]

Seeing as NxT copy every feature that eMu bring to the development table, so if we go with your logic - then the NxT you are defending is actually also a copy cat coin?

Just making sure that i'm not the only one that feels NxT hasn't got even one single unique feature that eMunie hasn't had in beta for a few months already.

[Keyser]

According to this forum, every alt is a scam.  At least NEM is attempting fair distribution.

[M-Plan]

Don't forget my words - NEM-devs will create a good and stable coin using the best pieces of NXT combined with the idea of an equal share !!! NEM will be the big train you'll miss 

[contraband]

It's going to very interesting to see.

Look what happens with the value of worthless clones, some still have value while offering nothing new. With FAR less of a community than 1000+ to start!!

[fudge]

NEM is longest scam ever

[utopianfuture]

NEM is longest scam ever

I thought you are referring to bitcoin, or fiat money depending on the perspective.

[lexicon]

NEM is longest scam ever

If you actually check NEM out you will find out the truth. If you are going to just talk and say things you that are not based on any fact at all then you are just a troll

[M-Plan]

NEM is longest scam ever

I expected a more objective way to analyze NEM. Hard to say - NEM is longest scam ever - without bringing forward arguments.
Thats poor!  

[gentlemand]

Even if it's only middling in terms of innovation, and we won't know about that for quite a while, the distribution model is very attractive to people looking to buy in. Initial distribution will become an increasingly important factor.

I don't begrudge Bitcoin early adopters at all. I'm a bit less enamoured with how NXT came into the world.

[2Kool4Skewl]

NEM is not fairly distributed.  Its distribution is highly concentrated, much more so than Nxt.

[gentlemand]

I'm sure there are plenty of fakes and shills on the list. However I am confident that it's a little more than 70 people or so.

Hit us up with some evidence. I'm curious.

[2Kool4Skewl]

I'm sure there are plenty of fakes and shills on the list. However I am confident that it's a little more than 70 people or so.

Hit us up with some evidence. I'm curious.

There are more than ~70 involved in Nxt now.  I know that some major shareholders sold their Nxt very early for 1 btc per 1,000,000 Nxt.  Now there are over 24k accounts.  The only reason there were only ~70 original investors is because few people were interested.

Once people saw the return people got from investing in Nxt, they started clones of Nxt hoping for a similar return.  Some of these clones were highly fraudulent and the majority were just scams.  NEM's distribution is flawed because of sockpuppet accounts.  It's my opinion that you would do better off with Nxt than with Nem, but that's a decision individuals should make for themselves.  I'm just letting you know what I know.

There are some charts regarding Nxt's current distribution posted in the main Nxt thread.  I'm not sure what page they are on but if you search you will find them.  Nxt is now more distributed than even Btc.

[atleticofa]

NEM will be better than NXT.

[gentlemand]

I'm sure there are plenty of fakes and shills on the list. However I am confident that it's a little more than 70 people or so.

Hit us up with some evidence. I'm curious.

There are more than ~70 involved in Nxt now.  I know that some major shareholders sold their Nxt very early for 1 btc per 1,000,000 Nxt.  Now there are over 24k accounts.  The only reason there were only ~70 original investors is because few people were interested.

Once people saw the return people got from investing in Nxt, they started clones of Nxt hoping for a similar return.  Some of these clones were highly fraudulent and the majority were just scams.  NEM's distribution is flawed because of sockpuppet accounts.  It's my opinion that you would do better off with Nxt than with Nem, but that's a decision individuals should make for themselves.  I'm just letting you know what I know.

There are some charts regarding Nxt's current distribution posted in the main Nxt thread.  I'm not sure what page they are on but if you search you will find them.  Nxt is now more distributed than even Btc.

Um, it hasn't been released yet. That may account for the lack of widespread distribution?

[lexicon]

NEM is not fairly distributed.  Its distribution is highly concentrated, much more so than Nxt.

Do much math?  

LOL  

I think Nxt is great btw, BUT REALLY??   

[cexylikepie]

NEM is not fairly distributed.  Its distribution is highly concentrated, much more so than Nxt.

why do you feel the need to spread bad things about NEM in every thread it's mentioned? just stop

[fudge]

NEM is longest scam ever

If you actually check NEM out you will find out the truth. If you are going to just talk and say things you that are not based on any fact at all then you are just a troll

ok
where to check?
can I see some code?

what is your progress for ~1 month? Some funds collected?
ohh, you have "NEM Development Plan"... 1hr spent?

[milly6]

All coins are a copycat of bitcoin, and they are very open about being a copycat. Now lets get down to the real meat and potatoes... is NXT a scam?

[sirnoah]

my uncle said FIAT money or aka Printer Money is a SCAM.... Govt steal money from us thru inflation, they work because we believe that it holds a value...

[lexicon]

NEM is longest scam ever

If you actually check NEM out you will find out the truth. If you are going to just talk and say things you that are not based on any fact at all then you are just a troll

ok
where to check?
can I see some code?

what is your progress for ~1 month? Some funds collected?
ohh, you have "NEM Development Plan"... 1hr spent?

click on my sig and then click on "updates" the READ the development notes for NEM and tell me what you think then. Than get back to me.

[topcoiner]

NEM = good technology + huge community + many features + good leader. It's not a scam. It'll be good and stable coin.

[2Kool4Skewl]

NEM is not fairly distributed.  Its distribution is highly concentrated, much more so than Nxt.

why do you feel the need to spread bad things about NEM in every thread it's mentioned? just stop

It is just the truth.  I think all the Nem "investors" would be better off if they simply used Nxt.  I see no innovation or advantages to Nem.

[isasim]

NEM = good technology + huge community + many features + good leader. It's not a scam. It'll be good and stable coin.

Yes

[overthetop2011]

Great!

[jabo38]

NEM is not fairly distributed.  Its distribution is highly concentrated, much more so than Nxt.

why do you feel the need to spread bad things about NEM in every thread it's mentioned? just stop

It is just the truth.  I think all the Nem "investors" would be better off if they simply used Nxt.  I see no innovation or advantages to Nem.

Bitcoin has less than a 1% market share of the financial market (realistically still 0%).  For as big as it is, it isn't even a force yet.  For new people that want to invest in cryptocurrencies, which will basically be everybody if cryptocurrencies actually get a real market share, Bitcoin is the first place they look, but the concept of miners might leave a bad taste in their mouth compared to the NXT approach of forging and being environmentally friendly.  But then they hear that NXT was started by 70 some odd people (maybe if there weren't double accounts) or they hear about NEM, which is in most ways fairly similar, but has thousands of original investors from countries all over the world, and has PoS/PoI instead of just PoS where the rich get richer. 

[fudge]

click on my sig and then click on "updates" the READ the development notes for NEM and tell me what you think then. Than get back to me.

your sig is not clickable

once again, nem has no innovations, no code. Just promises.

[Jaguar0625]

NEM is not fairly distributed.  Its distribution is highly concentrated, much more so than Nxt.

why do you feel the need to spread bad things about NEM in every thread it's mentioned? just stop

It is just the truth.  I think all the Nem "investors" would be better off if they simply used Nxt.  I see no innovation or advantages to Nem.

What are the innovation or advantages to NXT? The fact that it was rushed to market to beat emunie?

[Lucozade35]

I dont think its a scam. people have rights to express views but to constantly slag each coin off gets boring. so live and let live. NEM has good intentions and the big acc holders of NXT dont give a shit.
lucozade makes you feel good

[oldnbold]

I'm sure there are plenty of fakes and shills on the list. However I am confident that it's a little more than 70 people or so.

Hit us up with some evidence. I'm curious.

There are more than ~70 involved in Nxt now.  I know that some major shareholders sold their Nxt very early for 1 btc per 1,000,000 Nxt.  Now there are over 24k accounts.  The only reason there were only ~70 original investors is because few people were interested.

Once people saw the return people got from investing in Nxt, they started clones of Nxt hoping for a similar return.  Some of these clones were highly fraudulent and the majority were just scams.  NEM's distribution is flawed because of sockpuppet accounts.  It's my opinion that you would do better off with Nxt than with Nem, but that's a decision individuals should make for themselves.  I'm just letting you know what I know.

There are some charts regarding Nxt's current distribution posted in the main Nxt thread.  I'm not sure what page they are on but if you search you will find them.  Nxt is now more distributed than even Btc.

Nevertheless you appear to be keeping your options open by not objecting to your name being reinstated on the NEM stakeholders list 

For some reason, despite keeping your own options open, you are advising people that they should make a choice between NXT and NEM.

Personally I support both and see no inconsistency in doing so.

[Rokund]

I don't care if NEM was copied from NXT or not.

If it was, please at least fix the stupid and less security 20-digits wallet address.

Then I will consider to invest some.

[bitKnife]

nxt‘s account is as safe as BTC's,
the unsafe part is due to the brain-wallet passphrase,
if u select a weak password, it's easy to be cracked.

[FrictionlessCoin]

I don't care if NEM was copied from NXT or not.

If it was, please at least fix the stupid and less security 20-digits wallet address.

Then I will consider to invest some.

Not only is the wallet address just 8 bytes, but the block hash is only 8 bytes!!

In short,  its damn easy to counterfeit an entire block!

[searkt]

NEM = good technology + huge community + many features + good leader. It's not a scam. It'll be good and stable coin.

I really hope that NEM would be huge successful 

[CoinTropolis_JustaBitTime]

Seeing as NxT copy every feature that eMu bring to the development table, so if we go with your logic - then the NxT you are defending is actually also a copy cat coin?

Just making sure that i'm not the only one that feels NxT hasn't got even one single unique feature that eMunie hasn't had in beta for a few months already.

lol.. you kill me.

[FrictionlessCoin]

Nobody is seriously going to copy Nxt until the broken parts are fixed.

What's broken?  The account key is too short!  The block hash key is too short!   The block hash is not safe from quantum computing!   The secret pass phrase is too easy to crack!  The genesis account has already been cracked!  There is no explicit linking between transactions.   

It is unfortunately fundamentally broken.

Anyway,  I look forward to clones that fix the problems.

[Lucozade35]

NEM is not fairly distributed.  Its distribution is highly concentrated, much more so than Nxt.

Lol how do you work that out , can you provide proof of your FUD , No cos you talk rubbish / i am interested in  NEM & NXT & LTC & BTC  It is shit talk by the likes of you that put people of investing more with you. Do you think people would invest in someone who talks lies? No so do your job properly and look after my INVESTMENT with nxt 

[jabo38]

Nobody is seriously going to copy Nxt until the broken parts are fixed.

What's broken?  The account key is too short!  The block hash key is too short!   The block hash is not safe from quantum computing!   The secret pass phrase is too easy to crack!  The genesis account has already been cracked!  There is no explicit linking between transactions.   

It is unfortunately fundamentally broken.

Anyway,  I look forward to clones that fix the problems.

Nobody is going to copy NxT because there are purposely laid traps in the open source code.  So a mere copy and paste would lead to a highly exploitable coin.  It would take a real developer to copy NxT, not some cheap copy and paster, like 99% of alt coins. 

Also, the genesis account was meant to be cracked.  It was already emptied long before it was cracked.  It was purposely made difficult enough so that it would be safe during distribution, but easy enough to crack later on.  It actually was a very interesting qoute, the first line of 1984.  Very meaningful when considered in context.  It reads, "It was a bright cold day in April, and the clocks were striking thirteen."

Also, this passphrase was a very well known text.  Very easy to crack, but a well designed pass phrase is impossible to crack even if every computer on Earth was programmed to hack it.  Seriously.

[slavo]

All coins are a copycat of bitcoin, and they are very open about being a copycat. Now lets get down to the real meat and potatoes... is NXT a scam?

+1

if i had made a "2nd gen" coin and give them to the people living in my building it would have been more fairly distributed; so i'd say yes.




I think everyone here saw that u are really "2Kool4Skewl" (awesome nick btw). I assume ur happy making big money with ur 200$ investment ? such genius.

i wish nem succeed finding every sockpuppets accounts, i took myself a share hoping it will be better distributed. And if it fails, i'll be donating those coins as i've done with my nxt.



FAPFAPFAP

[fpmk]

Its not a copy cat scam, its just a copy cat.....openly so.

Not anymore, devs decided to write new code from scratch, using best of NXT plus NEMs own improvements.

It sounds great.
I beleive in the dev. He is a responsible man according to his action.

[jabo38]

Its not a copy cat scam, its just a copy cat.....openly so.

Not anymore, devs decided to write new code from scratch, using best of NXT plus NEMs own improvements.

It sounds great.
I beleive in the dev. He is a responsible man according to his action.

+1

[contraband]

NEM IS GETTING CLOSE.

Then all these questions will.be answered.once and for all.

NEM will be in the top 3.

Just watch!!!

[sadtrader89]

I think NEM had many progressive intiatives, but it nevertheless lacks security, hence hacks and other problems

[freigeist]

I think NEM had many progressive intiatives, but it nevertheless lacks security, hence hacks and other problems

I think you misunderstood something.

[CoinCollect]

NEM is a very controversial coin. I think she has the potential but it has too many flaws which push me away from her.