Quote from: nomailing on January 21, 2014, 04:08:14 PM

Quote from: extee on January 21, 2014, 03:49:21 PM

fair distribution of bitcoin ? lol it was released on a crypto mailing list (so how is it fair if you release it only to a very restrict group of people). for months 10 people mined it....then some gamers started mining it (i believe cos it got posted on on blizzard forums).....then by the time it ever got popular mining it required investment in graphic cards...and then asics completely killed it for the average joe....was everything but fair distribution.
NXT is already more distribiuted than bitcoin ever was in its first 2 months ., where only 20 or so people mined it.
5 years on and less than 1000 own more than 50% of bitcoins. if NXt is to survive 5 years i bet its distribution will be much wider than that.

But with bitcoin it was fair because the first miners had a very huge risk. Only from your current perspective you could say it is unfair, but actually these guys were like revolutionists who were thinking differently and therefore their past reward can be considered fair from todays perspective. Everyone interested in the matter could have joined 4 years ago, or 3 years ago or now and nobody would say it is unfair.

In contrast an IPO (initial public offering) is ridiculous in the context of a network which is maintained by open-source software. Everyone could just copy the software and create their alternative network with exactly the same properties. So there is no value and therefore an IPO makes no sense.

First miners had huge risk? No.

The first miners took software, downloaded it and mined thousands of BTC on their CPUs. There is no risk in that scenario.

In contrast, in an IPO, the early investor has to put forward hard earned cash. In this case the risk is _very_ real.