Quote from: zarx on December 29, 2013, 10:06:12 PM

Quote from: pinarello on December 29, 2013, 03:35:46 PM

NXT is NOT premined. You trolls should study again.

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After your post, I took my time to look more properly into the way NXT generates coins, especially what "forging" is supposed to be.

Interestingly enough, the current NXT thread uses the term "mining" several times (though stuff like their FAQ on the wiki makes it clear that "premined" is indeed not fitting). Instead of calling people who, thus, misunderstand the way NXT were available from the start "trolls", you should probably call out to whoever is maintaining the NXT thread.

Next, I'd like to inform you about the official NXT wiki linked in the thread, which contains the following statement regarding "premining":

Quote

The only way to implement this form of currency is to issue all available coins in the genesis block.

I'm not too deep into the technical aspects of cryptocurrencies yet, but isn't that, on a technological level, the same as an instamined coin? Where's the technological difference to that? If it's the same, then why make a difference in regards to terminology to the other coins in the opening post, which are described using that term? And before you tell me "because NXT is not mined": couldn't I simply create a new crypto, make it 100% premined (thus making classical mining obsolete) and say it's not mined? How would that differ?

Last, forging does not generate new coins, but recycles those already available. You are free to watch their information video on how NXT is "mined" for that.

tl;dr: the way coins from NXT are available right from the start does not differ from the way any instamined coin is available right from the start, as far as I understand it. Thus, the coin should be described with the same term describing other coins which have some coins instamined. You guys are free to correct me on this issue. Still, even if I am wrong, there has to be a clear statement which tells someone looking at this list that NXT was at one billion coins right from the start, especially to clear up possible confusion and misunderstandings about its current, potentially misleading market capitalization.

+1 on this . its realy clear that its premined but anyway i think it will go up and up and make its developers too reach .