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Author Topic: [2014-09-18] Bitcoin Core Developer Jeff Garzik Believes NXT is a “Scamcoin”  (Read 9710 times)
superresistant
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October 03, 2014, 10:06:58 AM
 #161

Cebtralized means one agreeing party!
With bitcoin this is not the case ,, there is a concensis in running the bitcoin network , but the owners of asics can be in IRAN , ISRAEL , RUSSIA , USA so this means realdezentralized control , blocking any form of abuse by one single party...
the power of bitcoin is in the fact that is is a concensus between enemys.....
, CHINA , islamtic state , and others...

I know the technique but the network will stop being decentralized if the mining power keep concentrating in the hands of few.
Mining became an industrial business.
Big business tend to eliminate the small ones and merge together to establish strong corporation.

See the picture ?




Bitcoin mining could be owned by one single big company in a near future and nothing would stop them.
What would you do ? Mine with your single old GPU and hope balancing the mining power ?

I am still waiting for the very cheap ASIC that everyone can afford to decentralize the network... Where are they ?

Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
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October 03, 2014, 12:27:22 PM
 #162

Thats always the case , but not owned by ONE controled group of people........
NTXT is ,
so yes bitcoin is decntalized  way more then nxt wil ever be.
because bit partyś are ofthen enemyś Wink
So please stop to pusch the centralized is bhetter store because its not .....
Bitcoin is decentralized look at the statss   https://blockchain.info/pools
as lang you have multiple BIG partyś it is sill decentralized!
NXT is owned by ONE party so its just nod good.



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October 03, 2014, 12:28:58 PM
 #163

Thats always the case , but not owned by ONE controled group of people........
NTXT is ,
so yes bitcoin is decntalized  way more then nxt wil ever be.
because bit partyś are ofthen enemyś Wink
So please stop to pusch the centralized is bhetter store because its not .....
Bitcoin is decentralized look at the statss   https://blockchain.info/pools
as lang you have multiple BIG partyś it is sill decentralized!
NXT is owned by ONE party so its just nod good.


Exactly, look at the stats (that's ~300 successful pools/miners producing blocks in NXT):

https://nxtblocks.info/#section/blockexplorer_charts

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October 03, 2014, 12:49:54 PM
 #164


NXT is owned by ONE party so its just nod good.

Stop lying Smiley
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October 03, 2014, 03:56:59 PM
 #165


NXT is owned by ONE party so its just nod good.

Stop lying Smiley
NXT may be controlled by one party. There's no real world way to verify either way. It's like Byzantine Generals using anonymous couriers instead of their own recruits (to borrow a metaphor to use as a simile). The couriers may be trustworthy or they may be spies. No military trained General would ever trust such a courier, yet NXT people trust anonymous stakeholders (or their appointees) to not be bad agents. It's downright irresponsible to develop such a system.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 05, 2014, 07:47:47 AM
 #166


NXT may be controlled by one party. There's no real world way to verify either way.

Funny Cheesy
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October 05, 2014, 08:24:58 AM
 #167


NXT may be controlled by one party. There's no real world way to verify either way.

Funny Cheesy

This guy (cbeast) is obviously butthurt over NXT. I really do think NXT must have unwantedly penetrated him or something because not much else can explain this behavior.

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October 05, 2014, 08:47:13 AM
 #168


NXT may be controlled by one party. There's no real world way to verify either way.

Funny Cheesy

This guy (cbeast) is obviously butthurt over NXT. I really do think NXT must have unwantedly penetrated him or something because not much else can explain this behavior.

The user cbeast may be Jeff Garzik himself. There's no way to verify either way.
Or maybe... we should compare hashes?
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October 06, 2014, 12:59:38 PM
 #169

yet NXT people trust anonymous stakeholders (or their appointees) to not be bad agents. It's downright irresponsible to develop such a system.

Call the cyber police !
Nxt is downright irresponsible !

Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
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October 06, 2014, 03:22:29 PM
 #170

NXT may be controlled by one party. There's no real world way to verify either way. It's like Byzantine Generals using anonymous couriers instead of their own recruits (to borrow a metaphor to use as a simile). The couriers may be trustworthy or they may be spies. No military trained General would ever trust such a courier, yet NXT people trust anonymous stakeholders (or their appointees) to not be bad agents. It's downright irresponsible to develop such a system.

It's funny how so many people claim they are pro-crypto when in fact they are anti-crypto.  Guys like cbeast are just in it for the money, it's obvious, they don't care about the crypto movement and only want to protect their holdings (BTC).  Jeff is even worse, he should be a supporter of all new projects, yet he does his best to try and discredit anything that isn't BTC related.  It's no wonder BTC is down so much.  People are working against each other rather then with each other. 
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October 06, 2014, 04:13:32 PM
 #171

NXT may be controlled by one party. There's no real world way to verify either way. It's like Byzantine Generals using anonymous couriers instead of their own recruits (to borrow a metaphor to use as a simile). The couriers may be trustworthy or they may be spies. No military trained General would ever trust such a courier, yet NXT people trust anonymous stakeholders (or their appointees) to not be bad agents. It's downright irresponsible to develop such a system.

It's funny how so many people claim they are pro-crypto when in fact they are anti-crypto.  Guys like cbeast are just in it for the money, it's obvious, they don't care about the crypto movement and only want to protect their holdings (BTC).  Jeff is even worse, he should be a supporter of all new projects, yet he does his best to try and discredit anything that isn't BTC related.  It's no wonder BTC is down so much.  People are working against each other rather then with each other. 
Nobody is against any projects. Just quit bashing Bitcoin on the Bitcoin forum and maybe you won't look like such a fool.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 07, 2014, 02:57:09 PM
 #172

NXT may be controlled by one party. There's no real world way to verify either way. It's like Byzantine Generals using anonymous couriers instead of their own recruits (to borrow a metaphor to use as a simile). The couriers may be trustworthy or they may be spies. No military trained General would ever trust such a courier, yet NXT people trust anonymous stakeholders (or their appointees) to not be bad agents. It's downright irresponsible to develop such a system.

It's funny how so many people claim they are pro-crypto when in fact they are anti-crypto.  Guys like cbeast are just in it for the money, it's obvious, they don't care about the crypto movement and only want to protect their holdings (BTC).  Jeff is even worse, he should be a supporter of all new projects, yet he does his best to try and discredit anything that isn't BTC related.  It's no wonder BTC is down so much.  People are working against each other rather then with each other. 
Nobody is against any projects. Just quit bashing Bitcoin on the Bitcoin forum and maybe you won't look like such a fool.

You post FUD as a defense to comments made by others?  That seems counter intuitive.  And Yes, you are against Nxt, it's obvious you have never used the client nor do you understand how it works, you are just regurgitating false information, which makes you look like the fool.
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October 08, 2014, 09:31:15 AM
 #173

NXT may be controlled by one party. There's no real world way to verify either way. It's like Byzantine Generals using anonymous couriers instead of their own recruits (to borrow a metaphor to use as a simile). The couriers may be trustworthy or they may be spies. No military trained General would ever trust such a courier, yet NXT people trust anonymous stakeholders (or their appointees) to not be bad agents. It's downright irresponsible to develop such a system.

It's funny how so many people claim they are pro-crypto when in fact they are anti-crypto.  Guys like cbeast are just in it for the money, it's obvious, they don't care about the crypto movement and only want to protect their holdings (BTC).  Jeff is even worse, he should be a supporter of all new projects, yet he does his best to try and discredit anything that isn't BTC related.  It's no wonder BTC is down so much.  People are working against each other rather then with each other. 
Nobody is against any projects. Just quit bashing Bitcoin on the Bitcoin forum and maybe you won't look like such a fool.

You post FUD as a defense to comments made by others?  That seems counter intuitive.  And Yes, you are against Nxt, it's obvious you have never used the client nor do you understand how it works, you are just regurgitating false information, which makes you look like the fool.
I am not against the design of nxt. I think it should be cloned even more than bitcoin.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 08, 2014, 02:56:25 PM
 #174

Altcoins are experimental chains (even more experimental than Bitcoin is) and should not be "marketed".
Marketing is dead or should be killed.

You sound like a government trying to regulate everything.
You have no right to decide how people use their money.
This goes against the idea of Bitcoin itself.

Long live free market.

I am not trying to regulate, just shouting fraud when I see fraud.
If you don't, you are fraud.
Altcoins are not a fraud if they are started as another experiment.
Altcoins become a fraud the day their founders start "marketing" them, making false promises of decentralization, performance or "fairness".
Bitcoin does not need fixing because it ain't broken.

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October 08, 2014, 03:09:59 PM
 #175


Bitcoin does not need fixing because it ain't broken.

"Central Banking doesn't need fixing because it ain't broken."
You sound like a true Believer  Grin

All things can be improved. Even better: we should try to break things! Adopt, adapt and improve.

http://www.coindesk.com/gavin-andresen-bitcoin-hard-fork/
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October 08, 2014, 03:23:56 PM
 #176

I am not against the design of nxt.

 Roll Eyes Okay.  So what are you against?  That's like saying, "I'm not against the design of Bitcoin, but I'm against Gox hacks, I'm against Satoshi mining solo for a year, I'm against the way mining has become corporate etc... so I think Bitcoin is a scam coin"  The lists of reasons Jeff thinks Nxt is a scam are all superficial and have nothing to do with the core technology.  Regardless, you tear down rather than build up, be constructive, do something good for crypto.
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October 08, 2014, 03:27:54 PM
 #177

Those are words:


 Roll Eyes Okay.  So what are you against?  That's like saying, "I'm not against the design of Bitcoin, but I'm against Gox hacks, I'm against Satoshi mining solo for a year, I'm against the way mining has become corporate etc... so I think Bitcoin is a scam coin"  The lists of reasons Jeff thinks Nxt is a scam are all superficial and have nothing to do with the core technology.  Regardless, you tear down rather than build up, be constructive, do something good for crypto.
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October 08, 2014, 03:30:25 PM
 #178

I am not against the design of nxt.

 Roll Eyes Okay.  So what are you against?  That's like saying, "I'm not against the design of Bitcoin, but I'm against Gox hacks, I'm against Satoshi mining solo for a year, I'm against the way mining has become corporate etc... so I think Bitcoin is a scam coin"  The lists of reasons Jeff thinks Nxt is a scam are all superficial and have nothing to do with the core technology.  Regardless, you tear down rather than build up, be constructive, do something good for crypto.
Dude, I never said I hated nxt. I just don't agree with some of the claims about it. It is simply not provably decentralized. You can say the same thing about Bitcoin if you want. I don't care. This is getting to be a religious argument. Nxt proponents that claim it is decentralized are making unfalsifiable claims. There is plenty of room for centralized coins that don't use any electricity.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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October 08, 2014, 03:49:52 PM
 #179

I am not against the design of nxt.

 Roll Eyes Okay.  So what are you against?  That's like saying, "I'm not against the design of Bitcoin, but I'm against Gox hacks, I'm against Satoshi mining solo for a year, I'm against the way mining has become corporate etc... so I think Bitcoin is a scam coin"  The lists of reasons Jeff thinks Nxt is a scam are all superficial and have nothing to do with the core technology.  Regardless, you tear down rather than build up, be constructive, do something good for crypto.
Dude, I never said I hated nxt. I just don't agree with some of the claims about it. It is simply not provably decentralized. You can say the same thing about Bitcoin if you want. I don't care. This is getting to be a religious argument. Nxt proponents that claim it is decentralized are making unfalsifiable claims. There is plenty of room for centralized coins that don't use any electricity.


Nxt proponents that claim it is decentralized are making unfalsifiable claims.

when you make claims it is centralized you are making unfalsifiable claims.

you cant have one with out the other. prove one is correct and from that you can prove the other to be false. find proof before posting again and STOP SPREADING FUD. im not arguing now which is one is a true statement ie nxt is centralised or not, im just pointing out that you are an idiot if you think you can say one is fact and the other is unfalsifiable. and dont say that you have not stated, as if it were fact, that nxt is centralised because you have many times. your an outright hypocrite with motivations that cause you to post such bullsh*t.

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October 08, 2014, 04:02:12 PM
 #180

I am not against the design of nxt.

 Roll Eyes Okay.  So what are you against?  That's like saying, "I'm not against the design of Bitcoin, but I'm against Gox hacks, I'm against Satoshi mining solo for a year, I'm against the way mining has become corporate etc... so I think Bitcoin is a scam coin"  The lists of reasons Jeff thinks Nxt is a scam are all superficial and have nothing to do with the core technology.  Regardless, you tear down rather than build up, be constructive, do something good for crypto.
Dude, I never said I hated nxt. I just don't agree with some of the claims about it. It is simply not provably decentralized. You can say the same thing about Bitcoin if you want. I don't care. This is getting to be a religious argument. Nxt proponents that claim it is decentralized are making unfalsifiable claims. There is plenty of room for centralized coins that don't use any electricity.


Nxt proponents that claim it is decentralized are making unfalsifiable claims.

when you make claims it is centralized you are making unfalsifiable claims.

you cant have one with out the other. prove one is correct and from that you can prove the other to be false. find proof before posting again and STOP SPREADING FUD. im not arguing now which is one is a true statement ie nxt is centralised or not, im just pointing out that you are an idiot if you think you can say one is fact and the other is unfalsifiable. and dont say that you have not stated, as if it were fact, that nxt is centralised because you have many times. your an outright hypocrite with motivations that cause you to post such bullsh*t.
The original claimant has the responsibility to offer falsification. Popper may not be dead, but this is a basic axiom of science. NXT users claim that it cannot become permanently centralized. They offer no test to verify if it is decentralized. They just say so.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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