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

[Daedelus]

There's still NEM which has over 1000 veteran accounts, as well as taint analysis - probably 2500+ real people in it.

What people forget about NxT is that it was an obscure IPO and there was no taint analysis to weed out socks.  Maybe only 73 people invested but only 20 invested the full amount (1.5 BTC) and those 20 wallets was probably 5 people with sockpuppets (so there are NxT whales with $8+ million as we speak.  They only get wealthier when NxT goes up in value).

If NxT hit $5 billion then there would be new billionaires on this planet, true story.

The maximum was 1 BTC and was intended to limit the number of sock puppets, not eliminate then. $1500 will get around 20,000 Nxt.

Why does it matter, do you believe there are only 73 people using Nxt now?

[TaunSew]

There's still NEM which has over 1000 veteran accounts, as well as taint analysis - probably 2500+ real people in it.

What people forget about NxT is that it was an obscure IPO and there was no taint analysis to weed out socks.  Maybe only 73 people invested but only 20 invested the full amount (1.5 BTC) and those 20 wallets was probably 5 people with sockpuppets (so there are NxT whales with $8+ million as we speak.  They only get wealthier when NxT goes up in value).

If NxT hit $5 billion then there would be new billionaires on this planet, true story.

The maximum was 1 BTC and was intended to limit the number of sock puppets, not eliminate then. $1500 will get around 20,000 Nxt.

Why does it matter, do you believe there are only 73 people using Nxt now?

20,000 NxT vs 50 to 300 million owned by a NxT whale.

NxT community is large but it's smaller today than it was back in January, NxT has been dying a slow death since January.  Nobody wants to buy a scam whale coin.

[Daedelus]

There's still NEM which has over 1000 veteran accounts, as well as taint analysis - probably 2500+ real people in it.

What people forget about NxT is that it was an obscure IPO and there was no taint analysis to weed out socks.  Maybe only 73 people invested but only 20 invested the full amount (1.5 BTC) and those 20 wallets was probably 5 people with sockpuppets (so there are NxT whales with $8+ million as we speak.  They only get wealthier when NxT goes up in value).

If NxT hit $5 billion then there would be new billionaires on this planet, true story.

The maximum was 1 BTC and was intended to limit the number of sock puppets, not eliminate then. $1500 will get around 20,000 Nxt.

Why does it matter, do you believe there are only 73 people using Nxt now?

20,000 NxT vs 50 to 300 million owned by a NxT whale.

NxT community is large but it's smaller today than it was back in January, NxT has been dying a slow death since January.  Nobody wants to buy a scam whale coin.

Check out nxtforum.org to see how Nxt has been dying these past few months: Asset Exchange, testing decentralised crypto to crytpo trading (Multisig), Turing complete Automated Transaction in final testing (before Ethereum has even got on the starting grid), physical wallets, account control to stop thefts (you can lock your account), Monetary system to allow a POW or POS coin to be built on top of Nxt... I can go on but take a look yourself.

If you believe that these projects will give Nxt value over the long term, why concern yourself with anything else?

[Vega]

You lying hypocritical NEMer, there are no proven cases of sockpuppets in Nxt IPO, unllike NEM. You're just another dishonest NEMer, like your phony leader UtopianFuture. STFU, can't wait for alpha release on June 25, when NEM is finally exposed as the insignificant, fraudulent, envy- and greed-based movement it is.

Even more, why the hell would've anyone use sockpuppets in Nxt IPO? IPOs got popular and "hope to get rich" investments, in the wake of Nxt success. None could've predicted this will be an even remotely good investment, who wants to play restrictions when buying a lottery ticket?

An other thing, that I wanted to point out for a while. Nxt wasn't really an IPO, at least not in intent. BCNext simply needed to give away all coins at once, and this was what looked like an easy distribution method.
Read the original thread, it's very clear.
Of course it was a flawed idea, this is why most IPOs after Nxt tried different variations of distribution.

[Lauda]

I do like some of the ideas and development behind NXT. Unfortunately, I tend to think the 100% premine/IPO model is very problematic for distribution.

It's a catastrophe. NXT has created a false illusion of non existent liquidity. Even the coins are are being mined aren't really well distributed, a fully premined coin is much worse.  

Source? How is this possible in an open market with a transparent blockchain?

How can you fairly distribute it?
NXT volume is the past 24 hours is only $ 167,700.

[Daedelus]

I do like some of the ideas and development behind NXT. Unfortunately, I tend to think the 100% premine/IPO model is very problematic for distribution.

It's a catastrophe. NXT has created a false illusion of non existent liquidity. Even the coins are are being mined aren't really well distributed, a fully premined coin is much worse.  

Source? How is this possible in an open market with a transparent blockchain?

How can you fairly distribute it?
NXT volume is the past 24 hours is only $ 167,700.

Answer the first question first and we can go onto another after: liquidity now and distribution after.

How is this possible to create false liquidity in an open market with a transparent blockchain? The blockchain would show that the it was just a couple of guys passing Nxt between themselves to pump the liquidity. Where is your source for this?

[Lauda]

Answer the first question first and we can go onto another after: liquidity now and distribution after.

How is this possible to create false liquidity in an open market with a transparent blockchain? The blockchain would show that the it was just a couple of guys passing Nxt between themselves to pump the liquidity. Where is your source for this?

You mean a couple of addresses holding a lot of coins? Anything is possible.

[Daedelus]

Answer the first question first and we can go onto another after: liquidity now and distribution after.

How is this possible to create false liquidity in an open market with a transparent blockchain? The blockchain would show that the it was just a couple of guys passing Nxt between themselves to pump the liquidity. Where is your source for this?

You mean a couple of addresses holding a lot of coins? Anything is possible.

Not only holding the coins but using them to create the false liquidity you claim. And you'd be able to prove this is happening using the blockchain. Have you done this? Please present your findings.

[Momimaus]

The todays NXT haters are the investors of tomorrow. No one can escape 

[hicaribou]

The todays NXT haters are the investors of tomorrow. No one can escape 

NXT is a company and it should try to be listed in Nasdeq.

[ecoinspro]

I do like some of the ideas and development behind NXT. Unfortunately, I tend to think the 100% premine/IPO model is very problematic for distribution.

so bitcoin is not problematic ?
only early adopters and big pockets get loads of bitcoins ?

[toknormal]

NxT community is large but it's smaller today than it was back in January, NxT has been dying a slow death since January.  Nobody wants to buy a scam whale coin.

Try picking an argument you can win because I think you've lost this one - comprehensively.

You people have been spouting this crap for 6 months while these there things....

 - commercial activity
 - market cap
 - distribution

...continue to improve.

So you're not doing to well for the 'cause'.

[From Above]

There's still NEM which has over 1000 veteran accounts, as well as taint analysis - probably 2500+ real people in it.

What people forget about NxT is that it was an obscure IPO and there was no taint analysis to weed out socks.  Maybe only 73 people invested but only 20 invested the full amount (1.5 BTC) and those 20 wallets was probably 5 people with sockpuppets (so there are NxT whales with $8+ million as we speak.  They only get wealthier when NxT goes up in value).

If NxT hit $5 billion then there would be new billionaires on this planet, true story.

The maximum was 1 BTC and was intended to limit the number of sock puppets, not eliminate then. $1500 will get around 20,000 Nxt.

Why does it matter, do you believe there are only 73 people using Nxt now?

20,000 NxT vs 50 to 300 million owned by a NxT whale.

NxT community is large but it's smaller today than it was back in January, NxT has been dying a slow death since January.  Nobody wants to buy a scam whale coin.

You are shame to our Nem. Nxt is our father!

[Lauda]

Answer the first question first and we can go onto another after: liquidity now and distribution after.

How is this possible to create false liquidity in an open market with a transparent blockchain? The blockchain would show that the it was just a couple of guys passing Nxt between themselves to pump the liquidity. Where is your source for this?

You mean a couple of addresses holding a lot of coins? Anything is possible.

Not only holding the coins but using them to create the false liquidity you claim. And you'd be able to prove this is happening using the blockchain. Have you done this? Please present your findings.

Even if I were to use (waste) my time trying to prove this, what would I accomplish? Most members here don't even listen to reason, just look at the altcoin section.

[Eadeqa]

There's still NEM which has over 1000 veteran accounts, as well as taint analysis - probably 2500+ real people in it.  You can still get a stake at around $1500 whereas $1500 won't buy squat in NxT.

What people forget about NxT is that it was an obscure IPO and there was no taint analysis to weed out socks.  Maybe only 73 wallets invested but only 20 wallets invested the full amount (1.5 BTC) and those 20 wallets was probably 5 people with sockpuppets (so there are NxT whales with $8+ million as we speak.  They only get wealthier when NxT goes up in value).

If NxT hit $5 billion then there would be new billionaires on this planet, true story.  Easiest billions ever made in human history.

Stop posting nonsense, asshole. The blockchain is still available on blockchain.info. Why don't you go and do the taint analysis and post it here to prove your claims?

IPO was open to anyone on this forum. It stayed opened for 2 fucking months.  It was not ""hidden" topic. Anyone was free to join.

It's far more fairer than "Nem"  where developer not only collected more BTC and Nxt, but still want 25% (10% with V1 and 15% in future) plus all the unclaimed coins (could be as much 25% more making it over 50%)

They also plan to "auction" 200 stakes collecting even more BTC (400+ BTC)

talk about greed

Nxt had 0% developer's stake reserved.

[ChuckOne]

The todays NXT haters are the investors of tomorrow. No one can escape 

NXT is a company and it should try to be listed in Nasdeq.

We are a company? May I have missed the news?

[Daedelus]

Answer the first question first and we can go onto another after: liquidity now and distribution after.

How is this possible to create false liquidity in an open market with a transparent blockchain? The blockchain would show that the it was just a couple of guys passing Nxt between themselves to pump the liquidity. Where is your source for this?

You mean a couple of addresses holding a lot of coins? Anything is possible.

Not only holding the coins but using them to create the false liquidity you claim. And you'd be able to prove this is happening using the blockchain. Have you done this? Please present your findings.

Even if I were to use (waste) my time trying to prove this, what would I accomplish? Most members here don't even listen to reason, just look at the altcoin section.

You would prove that you were right, what you said was true and that you weren't just ignorantly spreading FUD. Your call.

[ciappa]

Only an ultimate noob can open a thread like this!!!

[NEM minnow]

I think doge shot itself in the foot by not hard capping/over printing at this stage....and the leader was a bit of a dick to Coblee

NXT has great attributes but screwed distribution.

LTC has a dwindling use case.

BTC nears 51%....wogatami and friends are funding a solution to this.

NEM's head shot its head off

Emunie is takeing quite some time to dev......those that did not understand self ejected

DRK is perhaps the most dubious being closed source and not really....also useless the use case for a DRK that actually works when BTC becomes 100% anon or the choice is there

Ripple shot itself in the XRP, by the ex CEO or something.

PeerCoin.....actually no drama, but will be better when cold locked minting.

On the plus side, the shear amount of energy in the crypto space, is makeing this all evolve so fast its hard to think of any development in any other field that comes close. At this rate both on the chip manufacturing side and software dev, its hard to see anything stopping the whole concept. In fact mining may be what keeps driving moores law longer than expected as a side effect....

I just want to bump this again.  Great post.  I give you a nod.  All are painful truths people here don't want to read about or admit. I guess we really are all dysfunctional.

[ChuckOne]

Only an ultimate noob can open a thread like this!!!

Good to have you on board.