Quote from: zanzibar on June 18, 2015, 08:25:39 PM

Quote from: Morton Bitcoin Management on June 18, 2015, 06:06:01 PM

Only trolls are low enough to insult others. I simply state the facts but I tell you what, I'll take back everything I said if you can prove this scenario couldn't happen:

Say I'm a dev and I see peercoin's Proof-of-Stake (PoS) algorithm and I believe I can do better. I have the idea to use PoS and combine it with a marketplace for all cryptocurrencies. Let's say I name this cryptocurrency NXT. Since I'm a smart anonymous developer I realize hmmm what if I were to create multiple bitcointalk.org accounts and distribute NXT between some of the well known developers but still keep a majority myself by using my multiple accounts to make it seem like I'm several people at once. Lets say I accomplish this and own 40% of NXT. Then Since I easily have the most NXT I start manipulating the market by having huge sell offs then buying up more while its cheaper. Each time I do this I control more and more of NXT making it easier and easier to manipulate while I'm gaining profits the whole time by controlling the volatility.

Now please someone, anyone, tell me specifically how that can't happen and I'll admit I'm wrong.

Lucky for us, you're not smart enough to develop a POS from scratch, that's pretty obvious. If the creator of Nxt was money motivated, he wouldn't have stopped the IPO at 21BTC, which he did because it was symbolic to him. He would have held an Ethereum type pre-sale for 6 months. Try doing some research, or go back to college, finish your degree, and come back. I love how you call yourself a "CEO" Tell me, how many people do you currently manage?

You're insinuating that he was not money motivated?

I'm not agreeing that NXT is a scam, but come on. Of course he was money motivated.