Post
Topic
Board Altcoin Discussion
Re: Transparent mining, or What makes Nxt a 2nd generation currency
by
NxtChoice
on 09/12/2013, 12:24:19 UTC
yeah, so it is an absoultely secure network. However, I care about Nxt distribution right now. How will those 5% react?

Which 5%?

Those who owns ~ 5% of the total coins.


If they miss their chance to mine a block they'll be penalized. Stakeholders r supposed to protect Nxt, not just sit and wait for 1 NXT = 1,000,000 USD day.


There is still some diligent stakeholders now mining and protecting the network, so they are always richer and richer. It is different from Peercoin, which is an open and maybe a little inflation system, and the rich and poor always get richer at the same rate. But Nxt is a closed and constant coin system. It the distribution problem can't handle properly, Nxt can't get mass adoption, which does hurt the stakeholders.