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.
looool
do you really think some one is stupid enough to believe u?
you are on bitcoin forum not kindergarten
or
you are trying to promote NXT with obvious FUD. I dont think it is good strategy (see monero)
but this is too obvious bullshit
so maybe you are trying to hurt NXT by writing obvious FUD as if you were promoting it, thus making "monero effect"
or you are simply stupid and ignorant about facts
Thank you for lobbing more insults my way. It really makes NxT look like crap when people like you "defend" it.
Nothing you said changes the fact that they (the developers of NxT) are essentially sitting on a pile of a billion coins which they (the developers) can give or sell to anybody they want, whenever they want, for whatever reason they want. Guess who has control over the 21million bitcoins that will eventually exist. Go ahead and guess. We'll be waiting for your response.
Trustless Cryptocurrency > Trust-Required Scamcoin
Do you even understand this basic concept?
the ever smaller and smaller group of miners who can afford to stay in the mining game.
so the argument against nxt essentially comes down to you thinking the developers own all the nxt?
could a handful of developers make a total of 29'704 asset exchange trades?
this number is starting to go exponential too.
to say the devs hold all the nxt is just picking at straws. just like every other argument made so far.