Post
Topic
Board Altcoin Discussion
Re: MASTERCOIN VS NXT
by
nutildah
on 05/06/2014, 01:35:57 UTC
Im not sure either of these will make it. They both have huge deficiencies in the fair distribution department. The situation reminds me of Bytecoin with it's innovative technology appearing on the screen but 83% already mined and concentrated in the hands of only a select few. Monero simply had to clone it with a fair launch and became CryptoNight chain #1 overnight.

A successful 2.0 coin should embrace that lesson and implement a fairer distribution model to keep gathering followers and remain fair among its competitors.

There's no such thing as a truly fair distribution model.

When startup companies launch, when they have a stock IPO... do they attempt to distribute stock to people equally or do they distribute it based on who has the most interest in it and is therefore willing to pay the most time and money for it?

Trust me, your concern was the same as mine for a month or so. But it dawned on me that this isn't some AsiaCoin or ShibeCoin that was created with the word "scam" in the subconscious of its devs. NXT was meant to be a lasting movement. And if you haven't noticed, the price action of late confirms I'm not alone in my beliefs.