NXT, the ultimate SCAM, will it die because of 100% pre-mine given to 50 people?

[Lauda]

I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

u are not a newb why say nonsense? i bought nxt in early January months after the ipo for utter peanuts and dumped it hard later
still made 1000% profit.
ppl say lot of crap about this distribution but truth is anyone could make hardcore profit with the Nxt LOL for months and months after release lol   i only didnt invest in initial distributio because many thought it was just a hoaxy back then

You are not a 'newb' why aren't you making sense with your English? Obviously buying to have a portion of the pie is not what I was pointing at.

[Vega]

Other coins aren't a full premine like NXT are they. So this can only be partially correct for other coins.

It can't be premined if there is no mining. It was instantly distributed. Everyone could invest, express interest for almost 60 days. Those who did, got coin.
I agree with your second statement. Nxt initial distribution created some big holders, so it's a little more true for Nxt. But actually Bitcoin was a very good example, because it's distribution is actually worst than Nxt. Any big holder is dumping, the price is going to double digits.

It depends on what you mean by big holder? The 10k or 100k range. Anyone in the 100k range won't dump, he might sell it off very slowly one day (there aren't many people in it anyways). As far as a dump in the 10k range goes, the last one that happened the price recovered within minutes. I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

I wasn't around before 2013 so I didn't get cheap Bitcoin. (Actually I first read about it in 2009 and didn't care, real happy about that now.)
What you say about big holders are totally reasonable. But it is the same for Nxt. Why would a big holder dump just to destroy their own wealth? Those who want to sell are selling slowly, this is the reason why price is still (relatively) low.

There is no reason to assume a Nxt whale would dump and crush the price 90%, than that a Bitcoin whale would do it.

[Lauda]

It depends on what you mean by big holder? The 10k or 100k range. Anyone in the 100k range won't dump, he might sell it off very slowly one day (there aren't many people in it anyways). As far as a dump in the 10k range goes, the last one that happened the price recovered within minutes. I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

I wasn't around before 2013 so I didn't get cheap Bitcoin. (Actually I first read about it in 2009 and didn't care, real happy about that now.)
What you say about big holders are totally reasonable. But it is the same for Nxt. Why would a big holder dump just to destroy their own wealth? Those who want to sell are selling slowly, this is the reason why price is still (relatively) low.

There is no reason to assume a Nxt whale would dump and crush the price 90%, than that a Bitcoin whale would do it.

Real happy about that now? Why?
You need to look at the fact that there isn't the same level of support for Bitcoin and NXT. Bitcoin usually recovered within minutes of a dump, would NXT recover as well?
If you look at http://coinmarketcap.com/ , do you really think that the market cap of NXT should be $71M?

[ShroomsKit_Disgrace]

Come-from-beyond = call-from-above

TaunSew = UtopianFuture = 3000NEM stakeholders.

[TaunSew]

It depends on what you mean by big holder? The 10k or 100k range. Anyone in the 100k range won't dump, he might sell it off very slowly one day (there aren't many people in it anyways). As far as a dump in the 10k range goes, the last one that happened the price recovered within minutes. I wasn't even around in the first days of NXT, so because of that I didn't get a stake. Nice distribution.

I wasn't around before 2013 so I didn't get cheap Bitcoin. (Actually I first read about it in 2009 and didn't care, real happy about that now.)
What you say about big holders are totally reasonable. But it is the same for Nxt. Why would a big holder dump just to destroy their own wealth? Those who want to sell are selling slowly, this is the reason why price is still (relatively) low.

There is no reason to assume a Nxt whale would dump and crush the price 90%, than that a Bitcoin whale would do it.

Real happy about that now? Why?
You need to look at the fact that there isn't the same level of support for Bitcoin and NXT. Bitcoin usually recovered within minutes of a dump, would NXT recover as well?
If you look at http://coinmarketcap.com/ , do you really think that the market cap of NXT should be $71M?

NxT has less volume than Monero, XC and other coins worth less than $5 million.

Everything NxT is a scam.

[TaunSew]

NxT real capitalization $3 million since less volume than Monero and XC

Thanks for making the NxT whales rich.     keep paying more!

[Daedelus]

If you look at http://coinmarketcap.com/ , do you really think that the market cap of NXT should be $71M?

It is a reasonable start. Value is based on what people think it will be worth in the future.

Nxt's value rose on the the launch of the fastest asset exchange in crypto. Multisig-gateway for decentralised crypto-crypto trading was moved to mainnet yesterday ahead of launch (the first subatomic transactions have already taken place) and Nxt's Turing Complete Automated Transactions going into final use case testing before integration into the core. They are the main three for me, all will be released and functional in less than 2 months.

Also Digital Goods Store, Physical Goods Store (NxtTorrent), Alias Transfer and others if they are your kind of thing.

[PL_CoinTrader]

Ok, I surrender. You won! You're completeley right, Nxt is a scam! And all people who invested in Nxt are scammer! The devs and ambassadors are all scammer! All these projects around and on top of Nxt are just scams. People actually don't develop features, they are just pretending to do so because they are all scammer! I'm a scammer, too! Because I told everybody Nxt was no scam! I told that Nxt has real features and a brand new software but if you download the client and look precisely you'll see: Everywhere scam! All these words like "NXT" and "Forging" and "Asset Exchange" can be translated to "SCAM", if you had the right decryption tool which only the initial stakeholder have! You got us! We are busted! We are all just scammer.

I'm going to sell all my scam Nxt right now and kill myself. Bye.

[superresistant]

lol
Fairness doesn't exist. Grow up.

What else ?
Why not redistributing all the Bitcoins ?
Why not redistributing all the US Dollars ??

Hey you're born poor, life is a scam !!

[hicaribou]

Ok, I surrender. You won! You're completeley right, Nxt is a scam! And all people who invested in Nxt are scammer! The devs and ambassadors are all scammer! All these projects around and on top of Nxt are just scams. People actually don't develop features, they are just pretending to do so because they are all scammer! I'm a scammer, too! Because I told everybody Nxt was no scam! I told that Nxt has real features and a brand new software but if you download the client and look precisely you'll see: Everywhere scam! All these words like "NXT" and "Forging" and "Asset Exchange" can be translated to "SCAM", if you had the right decryption tool which only the initial stakeholder have! You got us! We are busted! We are all just scammer.

I'm going to sell all my scam Nxt right now and kill myself. Bye.

All these projects around and on top of Nxt are a heap of sands.

[TaunSew]

Less volume than Monero.  NxT get quick rich.  Buy NxT so I can buy an island, please

[rramires]

The fact is that NTX is the only currency that is evolving technically.
If half the resources of NTX is added to the BTC, would dominate the world, but Bitcoin is in the hands of the foundation, which only has people of exchanges, then it will never add features that allow people to get away from centralization or exchanges. Bitcoin stopped in time!

[Damelon]

Talking about "premine" in the context of PoS is like talking about Creation in the context of the Big Bang theory.

They may look alike, but make no sense in a different context.

[Vega]

Real happy about that now? Why?

It was irony.

You need to look at the fact that there isn't the same level of support for Bitcoin and NXT. Bitcoin usually recovered within minutes of a dump, would NXT recover as well?
If you look at http://coinmarketcap.com/ , do you really think that the market cap of NXT should be $71M?

The main criticism of Nxt is that it had a terrible initial distribution. I don't think anybody reasonable argues with that. But it is done, nothing to be done about it easily. How can be distribution be better? If initial big holders sell their Nxt. Many did. I myself bought in a few weeks after launch, it was around 60 satoshi. Don't quote me on this because I didn't check, but in the first few weeks 100-200 million Nxt were sold for cheap. Since then some of the big stakeholders sold more, some selling slowly continiously. This is good for distribution (not for the price rise). Others funded project developments. A serious amount of donations and bounties were given out, tens of millions. Yet others are invested their Nxt withing the ecosystem, buying various assets on the Asset Exchange (this is something that ppl outside of the nxt community don't see, but it's happening. Various business ideas, and developments are being funded). And there are some that didn't move more than a few Nxt in 7 months. It's possible that tomorrow one of them decides that that they dump everything and done with it, but I just can't see it. These are smart people.

So distribution are happening, more so than people not really familiar with nxt know.

As initial distribution was so bad, this takes time. Many in the community don't really care about price, they are happy when someone dumps a few million Nxt, it happened. It makes distribution better. Price don't rise that high, because when it does, someone dumps. This is not good for speculators, and people how make money on pump and dumps don't get into Nxt because of it. Because there is no point to pump, if there is a good chance to get dumped on.

This is why volume is low, and will be low until Nxt can be day traded.

But since when it is a bad thing that a coin can't be pumped and dumped? It's only bad if there is no other value to the coin. But that is not true for nxt. If you take the time and read some of the nxtforum.org, there is a great deal of development going on. Nxt is in it for the long run.

When distribution gets better, new services come online, anyone who wants to out will sell little by little. This will take a long time, more than customary in the crypo word, where everyone wants everything yesterday. But until then Nxt has time do develop, mature.

To anwser your question, I think market cap is high, because market cap is pointless, price however is low in terms of value.

I'm not a true believer, not a fanboy, not a FUDster, this is my objective analysis of the situation based on that I read practically every word written about Nxt since november. If I'd think Nxt is a scam, and will collapse, I would sell all my Nxt in a heartbeat, because I'm an opportunist first, and an idealist second. Yet, I have more money in Nxt than in all my other investments (cypto and real word) combined, and I'm holding, until I see real problems based on real information.

[Daedelus]

I am enjoying the amount of attention that anyone mentioning Nxt attracts 

And Nxt's multigateway decentralised crypto to crypto trading was moved to the mainnet yesterday. Perfect timing, not that it will need much promoting Keep up the high profile everyone, people need to know Nxt Multisig is coming

[Tobo]

Asset Exchange is filled with Scams and only NEM keeps them somewhat legit.

This below is a list of top 25 assets traded at Nxt Asset Exchange by weekly volume. NEM is on the top but obviously NEM is not the only asset which looks legit - https://nxtblocks.info/#section/assets_exchange/12465186738101000735

NEMstake 1793730
Coinomat 1035005
NxtLtcN 917835
sharkfund0 415602
InstantDEX 320222
ShortNXT 301168
MGW 300972
jl777hodl 221956
NXTventure 172429
NXTTXTFund 150500
TXTCoinNow 102196
CNTROPOLIS 95750
nXtGenGHS 85057
Bithaus 77628
cmart 70020
NXTautoDAC 63543
ForgeCoin 52833
Sianote 42273
BGCAFFE 37784
Nxttycoin 22794
STORMWIND 21551
QORA 21286
cryptomart 17313
nXtGenKHS 14274
NHZ 13448

[Daedelus]

Did not read,

NxT whale lie
To defend theft

Wow, cool story.

Look at this!!  

And Nxt's multigateway decentralised crypto to crypto trading was moved to the mainnet yesterday. Perfect timing, not that it will need much promoting Keep up the high profile everyone, people need to know Nxt Multisig is coming

[Vega]

Did not read,

NxT whale lie
To defend theft

It was not about any theft. And I used big words, it not for you.
But how about you don't call someone a liar, when you knowingly lie on the forum 20 times a day?

[Daedelus]

Did not read,

NxT whale lie
To defend theft

It was not about any theft. And I used big words, it not for you.
But how about you don't call someone a liar, when you knowingly lie on the forum 20 times a day?

He's got a point Tonsil/Come-from-Above

And Nxt's multigateway decentralised crypto to crypto trading was moved to the mainnet yesterday. Perfect timing, not that it will need much promoting Keep up the high profile everyone, people need to know Nxt Multisig is coming

[timmyd]

Wow since my first post on here no one even quoted my first hand experience with nxt. most here are blind as well as dumb. Nxt is way too big for chidish threads like this to stop it. the words "pre mine" "scam" are like the total opposite of what nxt is. all you children here go off and keep playing with your "old" "technology" pow clones while us nxters carry on changing the scene and scoring deals with serious business types. all you got is bct thread lmfao. Another great example of nxts growth is the price doesnt go up down like a whores knickers like every other pow scam coin out there.
oh forgot to mention.
Mgw Mgw Mgw Mgw Mgw Mgw Mgw Mgw Mgw