Quote from: ARGpentem on July 03, 2014, 02:35:45 AM

Quote from: Istanbul34 on July 03, 2014, 01:46:59 AM

Quote from: Thingamajig on July 02, 2014, 10:03:09 PM

Quote from: TaunSew on July 02, 2014, 09:22:07 PM

People were able to get 5% of NxT for 1 BTC. To have the same influence in NEM you would have to buy 160 tokens ($250K+) from the 3000 stakeholders.

It's fair distribution. No instant whales, manipulators or dumpers. NEM has stability, innovation and community

Yeah. In the end though, the wealth will always be centralized in some form or another. This is no fault of NEM, this is just how currency works. This by no means is to say a fair distribution isn't important; as it is, especially in NXT's case.

Thing is, NXT should've made more efforts for a wider, fairer distribution considering it's "Proof of Stake" nature - it's adoption by more people only serves to immediately enrich those who first got on the bandwagon by rising their stashes value. Not only this, but they're also forging more coins because thats how Proof of Stake works.

It's like bitcoin. The only difference being Bitcoin's hashing power isn't consolidated into those who hold the most Bitcoins (Unless they've invested into mining tech). Neither of which are ideal. Alternatives to these currencies is why i got interested in NEM. If nem rewards those who spend, and not horde, as a currency it's going to do very well. A currency aint worth nothing if it's not being used for purchases and trade.

If the PoI works. NXT will implement it as well.

That means NEM should be worth 60 million cap or NXT should be worth 6 million cap.

No, I think they will both fly to the sky.