That's why I call NxT distribution a scam and is not participating in it, it should fail. See my post here: https://bitcointalk.org/index.php?topic=325261.msg8559235#msg8559235
Glad to see that your eyes are open.
So far only Peter R's idea for initial distribution based upon a *snapshot* of the Bitcoin blockchain makes sense to me (no IPO coin will ever be more than a scam in my eyes).