Quote from: user1922 on December 29, 2013, 01:17:51 PM

Quote from: Come-from-Beyond on December 29, 2013, 01:11:36 PM

Quote from: user1922 on December 29, 2013, 01:04:58 PM

Why not hold 80% of all NXT in the genesis account and release that as transactions fee's in the coming 10-30 years? Seems a LOT fairer to me.

This would make Nxt less secure. Google "proof-of-stake" and read Sunny King and Balthazar.

If all coins would be created at once, but held in the Genisis account I do not see how that will reduce security? Huh

The only difference is WHO holds them.

I did not mean that transactions would become free, but you could also have chosen to have the sender pay a fee AND add 1 NXT from the Genesis account. This would not reduce security and it would distribute NXT at the same time to the ones contributing to the NXT network.

It would mean centralization & freicoin has a similar (foundation) concept and it was crucified for that. Also you would still have rich people buying all the coins and forging most of fees. Just like there are rich people today buying ASICs and mining most of bitcoins. It's how universe works.