Re: [2014-09-18] Bitcoin Core Developer Jeff Garzik Believes NXT is a “Scamcoin”
I´m new to this whole thing and can´t tell, if the claims about flaws in the PoS algorithm are true, but noone provides any convinving arguments, why there should be any. And the old Bitcoiners sure discuss like angry former authorities, not willing to pass the cepter.
Just from how it sounds. Like "what are you even doing here? It´s a bitcoin forum"...
Maybe I should consider buying some nxt
Just from how it sounds. Like "what are you even doing here? It´s a bitcoin forum"...
Maybe I should consider buying some nxt
Buying NXT... Sounds like a good plan!
.... they realize that NxT is just like having a Central Bank that can print whenever it wants. ....
Did you ever read a single line of text about NXT? "Print whaever it wants"? WTf!!!
The amount of nxts in the NXT platform is FIXED and it is 1,000,000,000 (actually it is less coz some of them were burnt).
Guess who controls all of those coins? NxT is effectively a huge pile of printed coins that they invented from thin air without anything to prove their value. They can choose to distribute/issue this huge pile of coins at any time for any reason and to anybody, which has the exact same effect as if they printed them at the time of use. The only difference between them and a central bank is that all of the NxT scamcoins are printed in advance, all at once. There is no functional difference at all between the two.
I laid a trap and you walked right into it. If you keep going on about the nuance in definitions between "printed at time of misuse" and "printed in advance for future misuse" then you are just playing word games. Just like central banks, NxT is about financial slavery.