And here are all the late nxt investors. Im watching this. All id say is be careful i can see a trend here and i hope this is legit. I dont want to think ppl are throwing btc in the pot if these guys are taking advantage of ppls trust. I may invest but what has me concerned is why are not distributing the whole share supply. Seems fishy. I may invest but gonna sit on the fence for abit
I definitely agree on the NXT point -- lots of folks sore about that one, making them (us) a potentially gullible market of people ready to invest based on fairly little evidence.. Risky. That said, NXT left a sour taste in my mouth so to speak.. 1 Billion coins generated for 21 BTC and distributed to a handful of folks to benevolently distribute them to increase adoption with a POS system that doesn't really incentivise them to share? No wonder the prices are so high; like BTC, only a fraction of them are in circulation which artificially inflates the value. I much prefer an IPO with mining to follow - it makes the coin easier for late comers to adopt.. I just hope the mining rewards aren't over-inflated, and would actually prefer a consistent reward flow for several years rather than periodic halving..
As for the risk: Block_Erupter is still fairly new to the forum and while he did create and promote an altcoin, that doesn't make him benevolent or necessarily trust-worthy.. At the end of the day it was piggy-backed on another innovative coin with a few tweaks to the code. That also raises the question of why a Chinese dev would reach out to him specifically as opposed to another altcoin dev..
Taking a gamble by investing, but that's part of investing :p