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

[tyz]

The best answer to this trolling thread i have read so far. Really good point. 

If NXT was a scam. It's a pretty good elaborate one..... Hell, its the most successful scam in pumping out quality features vs EVERY other coin out there.... seriously...
Like I said, most elaborate scam ever:

Could be a mix between the two. Maybe I'm viewing this too black and white when it's more of a gray situation.

Do you know what a scam is ?
In every scam there are victims.
Find me one single victim of Nxt - the cryptoplatform (yes Nxt is not a crypto but a platform to develop business and experiment with the blockchain).
Pro-Tip : You can't.

[Zer0Sum]

Hell, its the most successful scam in pumping out quality features vs EVERY other coin out there.... seriously...

Ya man, the NXT core Devs are truly amazing.

2-3 months after people (me) were complaining that Storj is hopelessly behind schedule...
And NXT cannot depend on a Third Party with 10% of it's market cap for local storage...

Viola, Tagged Data is released and operational...
Meaning you can upload 42K of data with 5 searchable fields stored as a local file... with just a hash on blockchain...
This is in addition to using prunable messages to store scratchpad data.

So now every future NXT plug-in app has a reasonable amount of permanent and temp storage...
You can now even store a simple web site via NXT and be 100% decentralized and anon...
The NXT Devs made Storj irrelevant for apps that are not data intensive... IN 2-3 MONTHS FROM IDEA TO PRODUCTION.

This kind of amazing is routine on NXT...
I'll bet they will have metered anon VPN in the core in another 2-3 months...
Which would blow it wide open... and then everyone will have a hat like superresistant, man.

[CryptoMrM]

This sort of thread just makes me angry.

[EvilDave]

Don't get angry...it's pointless.

Look at the amount of FUD and BS that the mainstream media have directed at Bitcoin and crypto-currency in general.
The only way to respond to this sort of fact-free trolling is to simply keep calm and carry on educating people: about BTC, about crypto and about NXT.


This thread is from over a year ago, and the OP completely blows his credibility in his first post:

Lets remember history for a moment.

NXT was all mined, approximately 1,000,000,000 tokens, instantly.

They were then given to forum members deemed most influential or a friend of the developers, 50 people got ALL THE COINS instantly.

There is very little in liquidity, creating a false illusion of wealth, try to sell 500,000 NXT on cryptsy and see what happens to that price!  On the other hand you could sell that much of Litecoin and the market for Litecoin would NOT hiccup!


NXT should be rightfully called out as the biggest insta-mine scam in the history of alt-coins.  It is written in JAVA.  It was kept CLOSED SOURCE to hide major flaws and security issues.

They keep promising features that then do not appear and claim features that do not really work.  Have you tried to use their asset exchange?  Not really functioning.

Should be renamed SHT or SCM. 

--edit--

NXT says scamming is okay -

Fairness is one of the most important factors, if not THE most important factor, for the viability of any crypto coin.

Unfortunately, NXT got it wrong.

fairness is a fake concept which has no place in capitalism

if u dont know this then u are delusional.  there is no fair cryptocurrency, this is hyprocite talk

look at bitcon its the worst obviously. fairness is such a joke anyway. there is no such thing as fairness in this world

Thank you for admitting that NXT is a scam - see this is the mentality of NXT and people behind it.

People who made NXT believe and support scamming.

Fairness is what separates men from animals and the 1st world from the 3rd world.

Fairness and empathy are what make us human.

NXT is inhumane, as proven by the poster above by his support and admission that NXT is a scam, even defending NXT's right to scam you.

peacefulmind quotes Come-from-Above as a reputable source of NXT information, but C-f-A is a troll account, with no connection to NXT at all.
Come-from-Beyond is one of the original NXT devs, the OP couldn't even get that right.
Not to mention the facts that:
NXT has been open source since February 2014 and still is.
NXT distribution was open to everyone to claim for over 2 months, on this forum.
73 people recieved NXT in the initial distro....heres the original NXT [ANN] thread:
https://bitcointalk.org/index.php?topic=303898.0

I could go on, but it's probably quicker just to point out the correct information from the OP:
NXT is written in Java.

[ðºÞæ]

.................
73 people bitcointalk accounts recieved NXT in the initial distro....heres the original NXT [ANN] thread:
https://bitcointalk.org/index.php?topic=303898.0

5 people with about 10 sockpuppet accounts each on this anonymous forum received the bulk of NXT.
The other 20 forum accounts received just small amounts of nxt as they where told not to sent a lot of bitcoin (the max was 1 btc)
 

[superresistant]

.................
73 people bitcointalk accounts recieved NXT in the initial distro....heres the original NXT [ANN] thread:
https://bitcointalk.org/index.php?topic=303898.0

5 people with about 10 sockpuppet accounts each on this anonymous forum received the bulk of NXT.
The other 20 forum accounts received just small amounts of nxt as they where told not to sent a lot of bitcoin (the max was 1 btc)

Strange fact still remains that you could buy almost the same amount of coins once it hit their exchange... its not like NxT was that expensive that time. With only 10 btc you could almost buy 70% of the coins.

So true. I didn't buy at the IPO because I could not figure out the potential value.
Once on the exchange everyone could buy multiple millions of Nxt for few BTC.

So why the haters didn't buy on the first exchange ? What is their excuse ?
Haters' got excuse for everything. It is always the fault of the others.
The world is conspiring against them.
They love being the victim of a big powerful mysterious group of people.
Sound like sadomasochism isn't it ?

[box0214]

its very simple actually....

if you don't like the initial distribution and think its  a scam and unfair that you didn't get in early... don't buy the coin....

But seeing that the platform is very solid so far, there are ALOT of assets  you can buy just like NXT initial offering and still get in early. I'm buying the platform assets instead of the NXT coin.

[Morton Bitcoin Management]

.................
73 people bitcointalk accounts recieved NXT in the initial distro....heres the original NXT [ANN] thread:
https://bitcointalk.org/index.php?topic=303898.0

5 people with about 10 sockpuppet accounts each on this anonymous forum received the bulk of NXT.
The other 20 forum accounts received just small amounts of nxt as they where told not to sent a lot of bitcoin (the max was 1 btc)
 

Strange fact still remains that you could buy almost the same amount of coins once it hit their exchange... its not like NxT was that expensive that time.
With only 10 btc you could almost buy 70% of the coins.

Lots of you still don't get it that Monero and Litecoin had the same problems and more.


Bitcoin fanboys still mocking every project which is not under control of Bitcoin control freaks. Almost like a cult.

HAHAHAHAHA Wow dude. If your going to lie you should do a better job of it! You could literally never buy 70% of Nxt with 10 bitcoins even if it were to crash since bitcoin doesn't divide enough for you to do so. Say 1 Nxt = .00000001 btc or 1 satoshi (the smallest possible unit of bitcoin) then you could buy 100% of the Nxt network for 10 btc. If 1 Nxt = .00000002 or 2 satoshi then 10 btc would buy 50% of Nxt's network. But ok let's say you were just talking in generalities. Show me the exact exchange, date, time and include a picture cause I'm calling BS. Prove me wrong if your not lying.

[superresistant]

HAHAHAHAHA Wow dude. If your going to lie you should do a better job of it! You could literally never buy 70% of Nxt with 10 bitcoins even if it were to crash since bitcoin doesn't divide enough for you to do so. Say 1 Nxt = .00000001 btc or 1 satoshi (the smallest possible unit of bitcoin) then you could buy 100% of the Nxt network for 10 btc. If 1 Nxt = .00000002 or 2 satoshi then 10 btc would buy 50% of Nxt's network. But ok let's say you were just talking in generalities. Show me the exact exchange, date, time and include a picture cause I'm calling BS. Prove me wrong if your not lying.

You can never buy 100% neither 70% on an exchange : when the demand increase, the price increase. Basic trading.
He was obviously exaggerating but he is not far from reality.

I was trading in the first days. The problem is that the exchange is dead a year ago and we cannot access the database.
The only thing I could find was a screenshot of one of my buy order from a thread :
https://bitcointalk.org/index.php?topic=770252.msg8787782#msg8787782



That's 334397NXT for 1 BTC but that's not on the first days of trading, the price already skyrocketed 10 times. I remember the price being much lower. Probably about .0000003 (30 satoshis) or .0000005 (50 satoshis).

So you could buy a lot of Nxt for few BTC and multiply them with trading (buy lower sell high repeat). I personally make over 800K NXT with about 1 BTC. That was good old times.

What were you doing at this time ? Don't be angry that you missed an opportunity, there will be plenty of others but I can tell you that whining like a baby and acting like a victim will never give you any opportunity and lead you nowhere.

Yes, every time you come back to justify yourself in this thread, you are missing an opportunity. (but you make us laugh)

[Morton Bitcoin Management]

That's 334397NXT for 1 BTC but that's not on the first days of trading, the price already skyrocketed 10 times. I remember the price being much lower. Probably about .0000003 (30 satoshis) or .0000005 (50 satoshis).

So you could buy a lot of Nxt for few BTC and multiply them with trading (buy lower sell high repeat). I personally make over 800K NXT with about 1 BTC.

Exactly. If you made that much off those wild ups and downs think about how much the person who had a dominant share of that market would make causing those ups and downs.

Even though 33 Satoshi is a big difference from 1 or 2 I guess you proved me wrong there. Still think Nxt is pretty shady but I guess that's the awesome part about cryptocurrencies, doesn't matter what one person thinks.

Although I'm definitely not the only one to think that way:

https://www.cryptocoinsnews.com/bitcoin-core-developer-jeff-garzik-believes-nxt-is-a-scamcoin/

[rajc]

LOL, the famous "hashes dont match"

the truth is, since that article was written, NXT went through  2 or 3 hard forks adding features while BTC is trying to raise the block size
awfully lots of effort by devs and community just to scam few $ out of other people.

[box0214]

where does the hashes don't match? why would he say something like that?

[thew3apon]

download the wallet of nxt here http://nxt.org/

explore its features then rationally look at why you would think its a scam

also maybe look at the work put into it

https://bitbucket.org/JeanLucPicard/nxt/src

[superresistant]

That's 334397NXT for 1 BTC but that's not on the first days of trading, the price already skyrocketed 10 times. I remember the price being much lower. Probably about .0000003 (30 satoshis) or .0000005 (50 satoshis).
So you could buy a lot of Nxt for few BTC and multiply them with trading (buy lower sell high repeat). I personally make over 800K NXT with about 1 BTC.

Exactly. If you made that much off those wild ups and downs think about how much the person who had a dominant share of that market would make causing those ups and downs.
Even though 33 Satoshi is a big difference from 1 or 2 I guess you proved me wrong there. Still think Nxt is pretty shady.

But I don't feel like early adopters scammed me on the exchange !
I could have invested in the IPO but I didn't : I didn't had the balls to invest at that time and that's it. I'm not gonna complain.
I am actually happy for the IPO investors and I learned a lot from that experience. They are not fake people, I'm friend on Facebook with one early adopter.
Everyone that participated earned something.
Again, there are no victims. So why the hate ?

[jubalix]

i think NXT has gone on too long and has to may features devs etc to be called a scam.

It genesis was interesting.

I tried what looked like a very early version of nxt before nxt existed.

Some guy said something like

I think I can do a pos/java/html front end....and posted it here....

I had a play with it and it looked like release 0.00 of NXT

This person then disappeared and NXT followed a few months after.

the posts are here somewhere....

[box0214]

i think NXT has gone on too long and has to may features devs etc to be called a scam.

It genesis was interesting.

I tried what looked like a very early version of nxt before nxt existed.

Some guy said something like

I think I can do a pos/java/html front end....and posted it here....

I had a play with it and it looked like release 0.00 of NXT

This person then disappeared and NXT followed a few months after.

the posts are here somewhere....

links to the original founder? im sure he/she is still here on the forums as another user.

[ðºÞæ]

.............................
links to the original founder? im sure he/she is still here on the forums as another user.

https://bitcointalk.org/index.php?action=profile;u=152600
Posting times show far Eastern European

[Nxtblg]

Fpr someone who's spent time in other echo chambers, here's the killer argument against the claim that Nxt is a scam:

Marketing.

In addition to their, uh, ethical deficits, scammers and con artists always have one thing in common: they're very slick marketers. That's a constant - a very reliable behaviour pattern.

Now tell me, and tell me true instead of weaselling around: does this behavior patter match the guys in Nxt's inner circle?

I don't know about you, but I've read a lot of complaints about Nxt's marketing being less than what it should be. Those complaints drop the dime on the claim of Nxt being a scam: producing solid technical innovations but suboptimal marketing shows the opposite of the behavior pattern of a con artist.

Another behavior pattern of scammers is their short-term orientation. Even if they have a business that could really go places, they lack the patience to build it up. Instead, they jet off and run another scam.

Does this match the behavior pattern of the inner-circle Nxters? No, it doesn't. All of them have stuck with Nxt for well over a year - through a time when NXT's price was essentially going nowhere satoshi-wise.

So there's your answer as to why Nxt is not a scam. The behavior patterns don't match.

[jubalix]

.............................
links to the original founder? im sure he/she is still here on the forums as another user.

https://bitcointalk.org/index.php?action=profile;u=152600
Posting times show far Eastern European

it was a month or two before this...but I am sure it was the same guy or nxt beta....I started it up and palyed around with it then he dispapeared....then nxt.

[Iscamscammers]

Seriously,  whoever trusts java for holding money should have their head examined.

That's enough right there to show its a scam.