Post
Topic
Board Announcements (Altcoins)
Re: [ANN] NEX :: Nxt Reimagined - Imagine Fairness!
by
salsacz
on 24/01/2014, 05:19:05 UTC
This is the FAIR distribution (100% proof of stake) that the Nxt folks are so proud of:
170486123 <--- 170 million Nxt

Looks like 9 guys have a lot of stake. 

170 mega account didn't belong to anyone, it was used for unclaimed coins, they were being given to their owners till 3 January.

This is a real and fair Nxt distribution, do not listen to his liar.

Ok... I will accept the explanation of the unclaimed accounts.

However, you still have 40% going to 8 accounts.  Are these dev. accounts?

Q:    how many bitcoins are you going to contribute? (Are you going to keep the coins you contributed yourself?  Or you will take a creator cut (certain %)
BCNext::    I don't know how much I will contribute.  This depends on the price of Bitcoin and some other factors.  These bitcoins, like the others, will be used to pay bounties for development.  No creator cut.

What happened with the 21 Bitcoins?

Bitcoins were required to determine how to split the stake among founders. That's why BCNext asked for tiny amounts. These bitcoins were used to fund development but they covered only part of expenses. When people talk about Nxt IPO they forget about this important detail.  21 Bitcoins were used as a token amount. They didn’t represent any real world development costs.  BCNext did everything only for the people, not for the money.

The original funding period was open for over a month and a half.  That was more than enough time for everyone who wanted to invest to invest.  The only reason he only collected 21 BTC was because there was very little interest.  No matter when the IPO period ends there will always be people who are "left out".  You could conduct the IPO over a period of a thousand years and there would still be people "left out".