I hope the investors are right and that more coins will be distributed soon. I also hope, as one predicted, that the price will crash -100x so more people can buy (I know I'll buy more). But until then, right or wrong, they will have to defend themselves and NXT itself against the image problem of have so many coins in so few accounts. People are dumb and won't understand the difference between a premine and this, updated FAQ or not.
I can understand both sides here, and I'm willing to wait a while to see how things go. Maybe a slow adoption rate is better anyway (if a 113 page thread in 10 days is slow
) . I invested my money because the idea is good. Hopefully more people are like me and see the potential, and aren't just interested in another alt coin pump and dump, and therefore stick around and contribute.
I hope the investors make the right decisions, NXT's future is in their hands currently.
I can understand both sides here, and I'm willing to wait a while to see how things go. Maybe a slow adoption rate is better anyway (if a 113 page thread in 10 days is slow
) . I invested my money because the idea is good. Hopefully more people are like me and see the potential, and aren't just interested in another alt coin pump and dump, and therefore stick around and contribute.I hope the investors make the right decisions, NXT's future is in their hands currently.
Exactly right. Unfortunately I missed the deadline to buy the premined coins. And YES, this is a 100% premined coin.
I really like the ideas of the coin, but the decision to include the whole money supply in the genesis block is very counter productive. This makes the coin equivalent to a pyramid scheme. Instead it should have a decreasing coin generation based on proof-of-burn-of bitcoins. This coin distribution should take place over a period of at least one year to make sure that it is well distributed.