Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Nxt :: descendant of Bitcoin
by
crendore
on 25/11/2013, 03:09:59 UTC
This is the problem i have with POS currencies:
http://88.198.210.245:7876/?request=getBalance&account=10105875265190846103
has 10% of the NXT, and will just keep getting richer as time goes on and he/she/they collect 10% of all mined fees.  After a while they will have 11% of all the coins, and will collect 11% of all mined fees.  Wait long enough, and they will have all of the coins.

Seriously, please explain to me why this isn't a problem?

Edit: Also, nobody donated 10% of 21 BTC to that donation address.  So i can only assume that this 10% stakeholder is most likely the dev himself. Speaking of which, how many coins of the 1billion went to the dev?  I'm not trying to harass, i'm just asking for a bit of transparency here since i am now an investor as well.