Quote from: GreekBitcoin on September 07, 2014, 02:15:48 AM

Quote from: kennyP on September 07, 2014, 02:13:57 AM

Quote from: rpietila on September 07, 2014, 01:53:50 AM

Quote from: rdnkjdi on September 07, 2014, 01:49:13 AM

Quote from: rpietila on September 07, 2014, 01:24:17 AM

Fair launch. It is just so precious. And never before happened as well. So that the largest holders are not there by accident (or more likely planning by the dev), but because they wanted to buy a crappy coin at a high price. Monero's history is special.

I can only say that if something should happen, but has not yet happened, there is a good chance that it will happen.

I want to say this with as much respect as possible. But how many alt coins have you been involved with? How many have you seriously taken a close look at? I've seen you saying you have had no use for alt coins until Monero which leads me to believe you never took a serious look at previous alt coins.

I want to say this with as much respect as possible. Show me a coin where the dev holds less than 1% of the coins in circulation.

Of course I respect the devs, but I have to say that equally important is that the devs respect the whales. The whales make the economy. Economy is the reason why the coin exists. I can support Monero without even having a functioning wallet (wrong OS), because the distribution of coins is right.

NXT! BCNext does not own any NXT afaik.

NXT started with ~8 whales, a few dolphins, and many big fishes. Very fair launch too, over two months long, very public. As it was the first 'IPO' people didn't see NXT for what it was, but they do now.

NXT launch has all the criteria for fair process, just the outcome people didn't like. Same as bitcoin ... and XMR too

http://kolinevans.wordpress.com/2014/07/31/cryptocurrency-to-cryptocurrency-ipos-are-a-completely-corrupt-deception-the-simple-technical-guide/

That guy thinks otherwise...But i dont have a personal opinion.

Yeah most people think NXT IPO was bad, but IMO it was great, but it can only happen once. No other PoS coin will ever get away with a coin IPO like BCNext had - too many scams now, too oversubscribed so no upward potential for price, not enough whales created who make things happen etc

NXT distribution was an act of genius, and look, it worked. NXT is thriving.

Some things are so crazy they end up working perfectly, and NXT distribution is one of them. Plenty of people will try and find another method for a PoS distro, but none will ever beat NXT. For mine, the NXT distro worked for two reasons:
1- The IPO had enough detail, and BCNext appeared so weird, that it attracted crypto true believers, people interested in innovation, and the legacy of bitcoin. IPO's since attract greedy people, but NXT IPO was almost like a fundraiser for a mad scientist working on a garage project
2- The whales NXT created mostly accepted their roll, and co-operated to get things done. This was a natural consequence flowing from point 1

It was a stroke of genius. Find a core group of people really interested in crypto, and then make them millionaires, but only if they work together to make NXT viable. No other coin could do this now, because everyone wants to think the next IPO will make them rich. The NXT whales didn't join NXT IPO to be rich, but that's what happened. Genius, but a one off, and never to be repeated.

edit: I think NXT is very relevant to monero, same point risto made - fair distribution, enough whales, dev owns small stack