Quote from: cypherdoc on July 05, 2014, 01:54:56 AM

Quote from: kodtycoon on July 05, 2014, 01:40:14 AM

Quote from: cypherdoc on July 04, 2014, 09:04:41 PM

back in March i penned an update to my subs stating that this last downturn would serve to flush out most, if not all, the altscams. it's necessary as this is a zero sum game and Bitcoin is being held back by the wasted flows of fiat to these unviable alternatives. the fact that the oldest and biggest alt platform, Ripple, is going down is an even stronger argument that this trend is going to continue.

we'll see how far this will go.

what about the likes of nxt or soon to be nem? they are far superior platforms nem being more so. what makes then "unviable" in your opinion?

the POS initial distribution is deemed unfair by the market and the fact that mining favors those same creators will discourage new players from entering.

nem has 3000 original stake holders and a new proof importance algo which means that the nodes that are more important to the network "mine/forge" more than those with simply more coins. which fixes the hoarding issues inherent in nxt. 3000 stake holders will get equal amounts, there was not an ipo, its was a "pay a fee, join the movement" sort of thing. so even the ipo does no favor those with better finances. also the stake holder list went through weeks of taint analysis and auditing to remove sock puppets.

edit: i think the market deems nem fair seeing as it was trading at 2k dollars per stake, pre alpha. i say "was" because the dollar value has fallen as btc and nxt fell. nem has stayed perfectly stable in term of nxt<>nemstake (stakes are traded on nxt AE @ 25-30k nxt per stake)