Post
Topic
Board Announcements (Altcoins)
Re: NEM Official Moderated Thread [Updates & Discussion][Civilized Discussion]
by
Jaguar0625
on 18/06/2014, 21:48:15 UTC


My points are pretty clear,. (...) Nxt was launched just 2 months after IPO and 25% of people never came back to claim their coins. Given much longer delay, this number could be even higher, but lets assume it's 25%



Why do you think 10% plus all the BTC isn't enough for future development? Nxt started with 21 BTC and unclaimed nxt equaled to 10 million ( which is only 1% of total nxt) .


What's wrong with you?


Nothing is wrong with me. Out of 100, 73 came back to claim their stake, so 25%+ never showed up. The second statement is correct too as those 25% had contributed BTC that were worth 1% of Nxt which was about 10 million Nxt. That doesn't change the fact that 25% of people never showed up to claim the coins. Since in Nem every stake is equal, if 25% don't show up that would be 750 million nem



So, if I remember correctly, BCNext and JeanLuc each sent 1 BTC to the NXT IPO and CfB send 0.1 BTC. That equates to 10% of NXT (and this is only including three of the developers). In addition, the 25% of unclaimed NXT stakes were given to the core NXT team as a community fund. In all, that's 35% controlled by the core NXT team, and I think that coin has been successful.

Please let me know if I got anything wrong.