NXT innovation -gets a special mention at the end of my Crypto educational Blog

[digitalindustry]

so you are trying to "rationalize" that :

1 Billion NXT units given to 73 addresses is ok?

It's a matter of opinion whether it's "ok" or not.

What it categorically isn't is a "scam".

indeed my rational sock puppet friend

Feel free to check my posting history of you think I'm a "sockpuppet". That isn't much of challenge given that you've spent a significant acrage of forum space over to maligning, without much basis, a perfectly good crypto currency project which now has the input of hundreds of creative hands and is traded fairly on the open market.

trust me its a term of endearment, not an insult, socks a furry and cuddly.

so this conversation is over then?

"It's a matter of opinion whether it's "ok" or not."

[toknormal]

I'm talking about making 1 Billion units of something and "fake" giving it to yourself.  then doubling down and making your own exchange (Wall St Style) and bidding it up.

What your basically saying is that in a reasonable POW difficulty profile, the dev cannot "create" the coins out of thin air - 3rd parties have to "draw" it into existence and, as such, are subject to the 1 CPU 1 vote rule. Whereas with NXT, the dev basically mined the whole lot himself and sold them off for "peanuts" to early adopters (and possibly keeping a whole pile for himself) which makes a mockery of the POW philosophy.

What I'm saying is that it's for the market to decide if that's ok or not because - even in the case of POW - only the market can give those coins value.

If the market gives the coin a valuation over the long term, then you've got to look again at your reasoning because you either got something wrong somewhere, or your simply not looking at it in a broad enough context (and last but not least - you might just be green with envy).

The reason this aspect of it is important is because your judging a historical event on the basis of a current valuation which is where your "scam" accusation lacks integrity. At the time the NXT IPO took place, the altcoin world was a whole different landscape. LTC had been trading for less than a dollar only weeks before and "2nd Gen" alts were unheard of - no more than a bedroom coding experiment.

If you're going to lay "blame" on anyone (not that I know even now what crime has been committed to justify blame, but you seem to sure have a problem with it) then blame the markets, not the devs. Without the markets this would all have been no more than a 21 BTC bench test prototype and you definitely WOULD have a scam on your hands because those stakeholders would have turned bagholders. As it is they did pretty well out of to and so has everyone since that invested. If you're saying that the 71 were all "in on it" then:

a) you'd better have some evidence of it given the amount of accusations you've let fly

b) your better start a list because there's a few thousand more where those 71 came from and they've all benefitted to a greater or lesser extent

[msin]

I encourage you to update this thread and your blog with Nxt progress.  I appreciate all your work to promote Nxt, keep it up digitalindustry!

[toknormal]

"It's a matter of opinion whether it's "ok" or not."

IMO, the devs are entitled to do what the hell they like and the market's equally entitled to deny that coin a valuation if it's unhappy with the asset or if it thinks the asset lacks financial integrity for any reason.

Ethics doesn't come into it as long as deception hasn't taken place.

If the dev kept all the coins for himself while "pretending" to the market that they were sold to genuine 3rd parties then that would constitute deception and would be a problem, but you'd need to come up with some evidence of it.

Also, at the time the IPO took place, the coins weren't worth anything, so all this stuff we're discussing now would have been hypothetical back then.

[digitalindustry]

"It's a matter of opinion whether it's "ok" or not."

IMO, the devs are entitled to do what the hell they like and the market's equally entitled to deny that coin a valuation if it's unhappy with the asset or if it thinks the asset lacks financial integrity for any reason.

Ethics doesn't come into it as long as deception hasn't taken place.

If the dev kept all the coins for himself while "pretending" to the market that they were sold to genuine 3rd parties then that would constitute deception and would be a problem, but you'd need to come up with some evidence of it.

Also, at the time the IPO took place, the coins weren't worth anything, so all this stuff we're discussing now would have been hypothetical back then.

um.. who are you talking to?

are you still talking to me?

yes i agree it up to the market to decide if the 1 Billion to 73 "shareholders" + plus made up own exchange, is a good system or not.

that's what you said and that's what i said.

so you see , we said the same thing WE ARE FRIENDS YOU AND I !  : D WE ARE INTERNET FRIENDS !

[stereotype]

http://bitscan.com/articles/what-are-you-trying-to-prove

[EvilDave]

http://bitscan.com/articles/what-are-you-trying-to-prove

Good piece.....should be required reading.

[digitalindustry]

http://bitscan.com/articles/what-are-you-trying-to-prove

Good piece.....should be required reading.

well KindlyDan  you see i run them all though virus total first and then make sure they are on a useless system.

https://www.virustotal.com/ro/url/c6bd5bd5a69c0607011a7bba0b890d9eac0b55fe5fbe1117a9ac5d1ce7990d04/analysis/1404249592/

this one comes up the goods - its nothing personal you know , its a NXT thing.

[Ryota]

The code Java one of the most common and robust and well known open source codes in the history of mankind.

Java is the perfect language for mediocre programmers. It's easy to find programmers who can produce working code, a bit like Visual Basic if you knew it... Ask in the developers forums what they think about Java, so many programmers hate it.

There's a lot of bad code but it's not a problem because Java allows you to produce bad code that you can't do in C and C++.

But Java is really easy to make and maintain extremely large enterprise applications, that's why it's popular and many enterprise projects are done in Java but many enterprise projects were done in Visual Basic too, no it's not a reference...

[digitalindustry]

The code Java one of the most common and robust and well known open source codes in the history of mankind.

Java is the perfect language for mediocre programmers. It's easy to find programmers who can produce working code, a bit like Visual Basic if you knew it... Ask in the developers forums what they think about Java, so many programmers hate it.

There's a lot of bad code but it's not a problem because Java allows you to produce bad code that you can do in C and C++.

But Java is really easy to make and maintain extremely large enterprise applications, that's why it's popular and many enterprise projects are done in Java but many enterprise projects were done in Visual Basic too, no it's not a reference...

you might be able to comment more - but i see it as a great code of "none essential stuff"  somewhere between   web front and something that you don't care if the "NSA" has a million back door in? 

[EvilDave]

http://bitscan.com/articles/what-are-you-trying-to-prove

Good piece.....should be required reading.

well KindlyDan  you see i run them all though virus total first and then make sure they are on a useless system.

https://www.virustotal.com/ro/url/c6bd5bd5a69c0607011a7bba0b890d9eac0b55fe5fbe1117a9ac5d1ce7990d04/analysis/1404249592/

this one comes up the goods - its nothing personal you know , its a NXT thing.

lol Bitscan want to know my location ha ha !  guess what you won't want to find me when you do. trust me on that.

You're starting to get seriously incoherent, Di.

[nutildah]

If there's one thing I learned from this forum, its that there's absolutely no association between intelligence and wealth anymore. Maybe there was at one point, but now they have become decoupled and there is no correlation here anymore.

Just because you have money, it doesn't mean you are smart... simplified it for all the self-proclaimed rich people out there

[stereotype]

http://bitscan.com/articles/what-are-you-trying-to-prove

Good piece.....should be required reading.

well KindlyDan  you see i run them all though virus total first and then make sure they are on a useless system.

https://www.virustotal.com/ro/url/c6bd5bd5a69c0607011a7bba0b890d9eac0b55fe5fbe1117a9ac5d1ce7990d04/analysis/1404249592/

this one comes up the goods - its nothing personal you know , its a NXT thing.

lol Bitscan want to know my location ha ha !  guess what you won't want to find me when you do. trust me on that.

I posted a link......thats all. How on earth, are you reading anything more into it? You need a holiday.

Have you been socialising with bluemeanie 

[digitalindustry]

+1

just want to keep this baby bumped.

[Daedelus]

+1

Do you think people only read the headline if it is bumped day after day? 

[Spoetnik]

Sticky this please !
Every new guy should be forced to read this before trading.
Good job it was concise and well laid out.

This is what i have thought about NXT etc and have just tried to avoid the topics but the spam this place hard with NXT hype crap more and more.

Funny thing is i got banned a week or two ago (for 5 days) for posting anti NXT comments on here.. they banned me for spamming they said.
Glad more guys are speaking out.. they can't ban us all here to protect their faggy little fucking scam  

and please do one for these topics for those 1 week POS scam clones too
examples like the color coins or Guerilla coin or Cinni etc etc

edit:
and if you didn't bump this i would have missed it
I try and ignore any topic that has NXT in the title, that is why i must have missed it before hahah

[Daedelus]

...faggy little fucking scam  

Good argument, I'm convinced  

and please do one for these topics for those 1 week POS scam clones too

Careful, we're you pumping blackcoin (1 week POW before POS) up to it highs before it was dumped?




So a recap for all the newcomers then, the argument against Nxt is:

"I think that the initial distribution was bad and I don't care what has happened in the last 8 months"

 

[stereotype]

In this Blog, as well as the graph of 'Faggy Little Fucking Scams', can we please compare with a graph of 'Faggy Big Fucking Scams', as well? For educations sake.
 

[Daedelus]

If anyone who doesn't know what Nxt has done in the last 8 months, let me know and I will cross post my potted history from the other Kolin thread 

[achimsmile]

NXT hype crap...blablabla...i got banned...blablabla...faggy little fucking scam

A rule of thumb that never failed me: The more a user swears, the less arguments he has.

Never thought they would ban someone like you!