Post
Topic
Board Altcoin Discussion
Re: Do we realy need NXT / Ripple ?
by
ewhenn
on 04/02/2014, 04:52:34 UTC
We need alts, but NXT isn't it.

Things I know about NXT:
1) It's 100% PoS.  Basically the rewards from the mining process only go to those that hold it.   IE. the rich get richer and the poor get squat.  
2) Since the reward is based on holding it you are deterred form spending it as not only do you exchange it out now, you also lose future earnings.  
3) Combine that with the fact it's 100% pre-mine.. and just LOL!  Shit, I think I'm going to open up my monopoly game, stick my face on the bills, then say "I'll only give more to the people that buy now" and sell them for $1000 USD each. lol. Any "investors" out there?

NXT = trash.