Post
Topic
Board Altcoin Discussion
Re: NXT, the ultimate SCAM, will it die because of 100% pre-mine given to 50 people?
by
Daedelus
on 14/06/2014, 14:32:23 UTC
I do like some of the ideas and development behind NXT. Unfortunately, I tend to think the 100% premine/IPO model is very problematic for distribution.
It's a catastrophe. NXT has created a false illusion of non existent liquidity. Even the coins are are being mined aren't really well distributed, a fully premined coin is much worse.  

Source? How is this possible in an open market with a transparent blockchain?
How can you fairly distribute it?
NXT volume is the past 24 hours is only $ 167,700.

Answer the first question first and we can go onto another after: liquidity now and distribution after.

How is this possible to create false liquidity in an open market with a transparent blockchain? The blockchain would show that the it was just a couple of guys passing Nxt between themselves to pump the liquidity. Where is your source for this?