Quote from: peacefulmind on June 13, 2014, 07:33:57 PM

NXT is a poor scam compared to the coin it copied - PPC.

Why buy a scam that was 100% insta-mined? Is that okay to give money to criminals behind NXT. They should be imprisoned for fraud.

You can buy the original PPC that had a fair launch and the real innovation.

If you want the real thing - PPC.

I believed in PPC for ages. I agree with you - it's a top coin by a top designer and I thought it had a good chance of overtaking Bitcoin at one point. But the design behind it is all to do with financial system infrastructures. It has a transaction fee and algo which lend itself to very large transactions and so was never designed to support retail level or commercial sector trading. It is basically the "bank transfers" backbone of crypto.

NxT on the other hand is a completely different animal. NXT has succeeded where PPC failed in the sense that it has captured its target market where PPC didn't (it may still do in the future though once crypto gets more established).

NXT has done exactly what it's designer set out to achieve - engender an organic, diverse and highly active commercial sector which has attracted 3rd party vendors not directly associated with the currency. It's not going "back in the bag" now either because it's survived the most intense period of mud being thrown at it and most of the mud throwers are now actually invested.

Although many still criticise it with 'instamine scam' labels, that is actually just a load of b.s. Even the distribution issue is now getting sorted out because the recent process have attracted high volume off-exchange buyers which have split the original holdings many times and these are finding their way into the lower tiers.

One argument that is constantly brought up is that the original holders made "too much money". I'd like to know what "too much" actually means other than as an expression of jealousy. It's noticaeable that such critics never have the balls to come out and state categorically that it's unethical and why it's unethical.

I can tell you why that is - because an "unethical" distribution would amount to taking money for something which has no market value, or who's market value is about to disappear and that isn't what's happened here. In fact the opposite is the case. No investor since it's launch is down on their investment unless you bought within a tiny timeframe during the last few days when the price peaked - and even then you'd only be down about 10%. Critics keep saying that the original holders are going to "crash the market" and leave everyone penniless and it keeps not happening and has less chance of happening with each month that the currency gets traded.

So all this 'scam' stuff is just empty garbage trotted out by the world-improver mining community thinking they're on some kind of ethical crusade but who are in fact clueless about how markets really work. Thankfully, there's only the odd one left now because the rest are all invested Wink