Quote from: pandaisftw on January 29, 2014, 06:52:26 AM

Quote from: Anon136 on January 29, 2014, 04:47:40 AM

Quote from: opticalcarrier on January 29, 2014, 04:40:00 AM

Quote from: Anon136 on January 29, 2014, 04:17:38 AM

Sure thats true but it isn't really relevant. The question is whether nxt will cause the rich to get richer. Not whether everyone will get an equal rate of return on their investment.

lets go back... why is this an issue? This aint unicef. LIFE aint unicef. OK the rich do get richer, perhaps we should instead focus just on how things are and what this REALLY means. Like the talk about the initial stakeholders making a 4700% ROI immediately after genesis. So what? The period was open for OVER SIX WEEKS, that is like ages in comparison to all other altcoin ANN threads before then. (no Im not a genesis block stakeholder either) If the 'unfairness' of the 6 week period is all you can think of then you are a fool as you are really missing the whole POINT of NXT. Its not some stupid altcoin to get pumped and dumped like all others; its the basis for a completely new crypto currency infrastructure. Why are they not clamoring about the unfairness of all the early bitcoin adopters getting such a headstart.

Just dont even bother with trying to reason with unreasonable people. Problem solved, problem staying solved.

Yea I agree with a lot of that but the point wasn't to make value judgments. (i think i technically did and perhaps i shouldn't have) My intention was to examine the question of whether nxt would or would not tend to cause the rich to get richer at the expense of the poor.

also as a side note the net transfer would be very minor i think.

I think instead of focusing on the rich getting richer, we should focus on the poor not getting poorer.

In Bitcoin (and all it's clones), holders are basically paying a fee (10% of their holdings a year currently) just to hold their bitcoins. This fee is paid to miners, and the inflation it causes devalues everyone's stake. So the only people not getting poorer are ASIC manufacturers+friends mining huge amounts of bitcoin to dump, and passing that cost onto bitcoin holders. Thus, this is a very real situation of the rich getting richer, and the poor getting poorer.

In NXT, everyone who is a stakeholder is guaranteed to not lose a single percent of their stake, ever. Sure, the rich may forge the majority of blocks, but that in no way affects the small stakeholder's holdings. This lets the small stakeholder build his stake up over time (let's say he works hard and gets paid in NXT), his stake will continue to grow and grow as long as he makes the effort. He may eventually even become a big stakeholder himself. In Bitcoin, the small stakeholder loses 10% of his stake every year, and has to fight an overwhelming uphill battle to get to the top.

What if we politely ask those 75 biggest stakeholders not to forge for the time being? That's small change for them (isnt it?) and we have a nice answer against "rich getting richer" argument.

Also: Hi everyone, I am new here!