Quote from: physalis on February 03, 2014, 04:49:46 PM

Quote from: timmyd on February 03, 2014, 04:38:57 PM

where u do you get scam from? NXT is not a scam coin it has never been a scam coin.

Maybe it is not a scam, that might be true. But it's definitely a bullshit coin.

Cryptocurrencies have always tried to solve the initial-distribution-problem in different ways, mining being a rather elegant one - it goes over a long period of time and in an as-fair-as-possible way, so everybody has a chance to participate.

Open your eyes and you'll see this isn't actually true anymore.

If I want to start mining Bitcoin, I need to invest at least $1000 for a mining rig, and if I'm lucky, I might just mine enough coins to get my money back in 6 months. The only way you'll get any profit is to then sell your bitcoin miner to another newbie! If I decide to keep my mining rig, it will slowly become less and less efficient - while still burning the same amount of electric - which is always getting more expensive.

Within 5 years, there will only be a very small handful of very rich people mining Bitcoin, and with it becomes the huge danger of miners taking the role of central bankers of bitcoin - exactly what bitcoin was set up to avoid!

The Nxtcoin alternative is that I take that $1000 and buy the coins. Besides the price inflation, I will also get a percentage as I hold them. I also gain the more people use the coins at the number of transaction fees increase. The fact that some people have a million coins, and other have 1000 is just life.
There is also no chance that if someone decides to buy most of the netcoins, that they get more influence - that can't happen by design!

So, unlike bitcoin, everyone gets a fair share of the transaction fees - surely, that is worth investing in the coin alone?