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

[Hollowman338]

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

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

Why don't you go ahead and point out the vulnerabilities of the code for us all?  Can you list one?

[Iscamscammers]

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

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

Why don't you go ahead and point out the vulnerabilities of the code for us all?  Can you list one?

I'm speaking more in terms of Java itself...

http://www.csoonline.com/article/2875535/application-security/java-is-the-biggest-vulnerability-for-us-computers.html

https://i.imgur.com/NbAWYs1.png

[Iscamscammers]

Much discussion of Java security focuses on potential sources of vulnerability specific to the Java platform. These include:

    Vulnerabilities in the sandboxing mechanism which allow untrusted bytecode to circumvent the restrictions imposed by the security manager
    Vulnerabilities in the Java class library which an application relies upon for its security

Patches don't always come out fast enough and zero-day exploits happen frequently with Java.

I choose not to trust currency/money with this.

[box0214]

Taken from the other thread:


For 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.

 The behavior patterns don't match. Smiley

[Daedelus]

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

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

Again...


Since your taking back to the oldschool again, here is a post from a year ago..

3> Java

Probably the worst.
Java is considered bad by many developers. Java is trying to install a shitty toolbar every time you install it or update and it is so insecure.
No open source programmer would ever use it.
Many people don't like Java and they will never add it (I believe it's why mcxnow never added it because it's JAVA client).
C/C++ are languages of choice of the industry. A C++ client should be developped to become something “professional and credible”.

This quote above shows a basic lack of understanding from someone who has never been a programmer. Java is a programming language. It's Oracle's applet (a web browser plugin) that  has security issues.  It's much easier to write secure software in Java than in C. There is also OPenJDK which is free and open source. 

Java remains the most popular programming language for server side. If you have ever used Amazon and Ebay, the server side was run by Java.  Almost all banks use Java on server side. So you already use Java as a client everyday.

NRS is a server application (it's not a web browser applet with security problems).  The client side can be written in any programming language.

You said the same when you were Eamorr more recently  Welcome back TS!! 

[Daedelus]

Also...

Indeed Java is better for financial apps as it's easier to write safer code. No pointers to arbitrarily access memory, no buffer overruns, bound checking, etc.  C++  is is better choice for apps that require faster start up and native integration.  

Faster start up is totaly irrelevant for server apps that start once and run for weeks/months without shutting down. Native integration is not needed either. Funny to watch Exo having difficulty releasing linux version. Had he used Java instead, it would have been platform independent. There is absolutely no reason to write crypto (server side)   in C++. It's a bad choice for the job.  

It's fine to write crypto clients in C++, and indeed anyone can write Nxt client in C++ for Windows. The client interacts with server (written i Java) . On the client side faster start up and native integration with GUI would be more desirable.

And... https://bitcointalk.org/index.php?topic=345619.msg5518671#msg5518671

 

[X68N]

I must say i thought in the first place NXT is a scam.

But it is now too long around and too succsessful to to call it a scam anymore.

Look at the price, volume and market cap on coinmarketcap.com

NXT is terms of
Marketcap on place 8
Volume on place 12

So the overal place is something like 10

despite the fact there are 1200 coins, and a lot of scams.
A coin which is nearly over 1,8 years old and is on Place 8 & 12 of the coincharts cant be called a scam.
The market never lies. The Market is always right.

[box0214]

make that 7th place and ripple shouldn't be on that list anymore having that they need to collect KYC.

[Nxtblg]

I must say i thought in the first place NXT is a scam.

But it is now too long around and too succsessful to to call it a scam anymore.

Nice to see someone who knows how to change his mind when new facts show up. Props.

[Iscamscammers]

Maybe not scam,

but still java shitcoin !

[Iscamscammers]

java = scam

so java shitcoin = scam too !

[Hollowman338]

Iscamscammers = TaunSew

[DecentralizeEconomics]

Iscamscammers = TaunSew

= UtopianFuture = Degenerate sub-human

[Nxtblg]

Iscamscammers = TaunSew

= UtopianFuture = Degenerate sub-human

I actually doubt that. He said he got burned by Java itself through an exploit. I tried getting him to open up on what happened, but I haven't seen his response - assuming he did respond.

Absent that open-up, he prolly got a malicious .jar file from a phisher through his Email that he opened. Ouch...

[While I'm on the subject, why are Email clients so stagnant in re innovation? You'd think that an Email client would offer a "Safe" option to strip any .jar attachment that comes from any sender not explicitly whitelisted....]

[oniromancia]

Fact is, just like btc and tons of other senior cryptos: a few people always get in early and hit the jackpot so to speak. So there is always a small number with a big number of coins. Would it be optimal if the big stakeholders gave away more? Yes, but no one can force them and it's not fatal.

The reason Google etc. isn't investing in Bitcoins is according to themselves that they are waiting for the 2nd generation cryptocurrencies that have fixed the issues of btc like nxt has done.

[Nxtblg]

Fact is, just like btc and tons of other senior cryptos: a few people always get in early and hit the jackpot so to speak. So there is always a small number with a big number of coins. Would it be optimal if the big stakeholders gave away more? Yes, but no one can force them and it's not fatal.

Back in early-mid 2014, "free and fair distribution" of PoS coins was a big fad. Like all other fads, it faded away - leaving us with another lesson we had to learn the hard way.

[tyz]

Please try to do better research. it were 73 instead of 50 people  And do not forget: the best number is 73. Why? 73 is the 21st prime number. Its mirror, 37, is the 12th and its mirror, 21, is the product of multiplying 7 and 3... and in binary 73 is a palindrome, 1001001, which backwards is 1001001.

Nxt is one of the most well-distributed coins. There was a analysis some time ago where someone researched the distribution of Nxt and Bitcoin . Not surprisingly, Nxt has won.

[montaga]

It may not die because of the bad distribution, but it sure as hell does not need Einstein to figure out that with no investment it will.
Money which has been invested in the last 24h, and the day before and before ...........
Litecoin     $ 86,112.9 USD
Monero      $ 7,018.04 USD
Dogecoin  $ 2,308.8 USD
Namecoin $ 1,787.3 USD
Peercoin    $ 499.9 USD
Nxt            $ 35.82 USD
Blackcoin  $ 35.5 USD
Quark        $ 11.5 USD
What do people here expect, but $100 in and get $100000 out?

Bitcoin is of the radar (almost 1 mil) and after 5 years still gets distributed daily with new coins and for the next 100 plus years.

[Hollowman338]

It may not die because of the bad distribution, but it sure as hell does not need Einstein to figure out that with no investment it will.
Money which has been invested in the last 24h, and the day before and before ...........
Litecoin     $ 86,112.9 USD
Monero      $ 7,018.04 USD
Dogecoin  $ 2,308.8 USD
Namecoin $ 1,787.3 USD
Peercoin    $ 499.9 USD
Nxt            $ 35.82 USD
Blackcoin  $ 35.5 USD
Quark        $ 11.5 USD
What do people here expect, but $100 in and get $100000 out?

Bitcoin is of the radar (almost 1 mil) and after 5 years still gets distributed daily with new coins and for the next 100 plus years.

Right, and you determined the new capital flowing into the alts you listed, how exactly?   

[montaga]

It may not die because of the bad distribution, but it sure as hell does not need Einstein to figure out that with no investment it will.
Money which has been invested in the last 24h, and the day before and before ...........
Litecoin     $ 86,112.90 USD
Monero      $ 7,018.04 USD
Dogecoin  $ 2,308.80 USD
Namecoin $ 1,787.30 USD
Peercoin    $ 499.90 USD
Nxt            $ 35.82 USD
Blackcoin  $ 35.50 USD
Quark        $ 11.50 USD
What do people here expect, but $100 in and get $100000 out?

Bitcoin is of the radar (almost 1 mil) and after 5 years still gets distributed daily with new coins and for the next 100 plus years.

Right, and you determined the new capital flowing into the alts you listed, how exactly?  

Reward times price. With other words if you remove the noise of the trades the price would stay exactly the same per coin with that amount of new money. Unfortunately nxt has not been able to find the few $ needed per day as it lost about 7% against Bitcoin YTD (which found $ 883,536.00 USD past 24h).
It is plain simple noone can take more out than what is put in.
Some would say she ist dead jack.