Post
Topic
Board Announcements (Altcoins)
Re: Ethereum: 2nd gen cryptocurrency with contract programming, "dagger" hashing
by
SyRenity
on 16/01/2014, 11:57:31 UTC
Which in nutshell means that the genesis investors holding the majority of NXT, will also get the majority of transaction fees coins. In long run most of the transactions will pass through the genesis investors, making them a Visa / PayPal (?) of sorts, and continuing growing their holdings without any additional investment from their side.

Ur logic fails the same way as http://en.wikipedia.org/wiki/Zeno's_paradoxes#Achilles_and_the_tortoise

Thanks for the link, always glad to learn something new here.

From what I see, it applies to finite finish values, while NXT (I hope) is planned to be an ever existing currency.
So how exactly it applies to NXT forging?