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Author Topic: NEM - copycat scam?  (Read 3893 times)
FrictionlessCoin
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February 21, 2014, 04:12:17 PM
 #41

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!

 
                                . ██████████.
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February 21, 2014, 07:11:49 PM
 #42

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  Smiley
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February 21, 2014, 08:13:49 PM
 #43

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.
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February 21, 2014, 08:51:29 PM
 #44

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.



 
                                . ██████████.
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March 30, 2014, 10:54:08 AM
 #45

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. Grin Do you think people would invest in someone who talks lies? No so do your job properly and look after my INVESTMENT with nxt  Huh
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March 30, 2014, 11:42:19 AM
 #46

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.

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March 30, 2014, 12:48:38 PM
 #47

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.



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March 30, 2014, 01:02:26 PM
 #48

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.

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March 31, 2014, 03:45:39 AM
 #49

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

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May 12, 2014, 01:51:31 AM
 #50

NEM IS GETTING CLOSE.

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

NEM will be in the top 3.

Just watch!!!
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June 12, 2018, 06:55:05 PM
 #51

I think NEM had many progressive intiatives, but it nevertheless lacks security, hence hacks and other problems
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June 12, 2018, 07:19:44 PM
 #52

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

I think you misunderstood something. Wink

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June 12, 2018, 11:36:24 PM
 #53

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