Post
Topic
Board Announcements (Altcoins)
Re: Ethereum: 2nd gen cryptocurrency with contract programming, "dagger" hashing
by
Come-from-Beyond
on 16/01/2014, 12:00:25 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.
Care to explain in layman terms though, how it applies to NXT forging?

Create a thread a post here the link. This thread is about Ethereum.