Next coin the next best thing close to a Bitcoin that has become too overbought

[Horn]

Nxt

$ 17,308,410

$ 0.017

999,997,986 NXT

+66.15 %

[mick silver]

what the hell is that vid . is it NSA

[Son-of-Liberty]

Nxt

$ 17,308,410

$ 0.017

999,997,986 NXT

+66.15 %

So basically in the video they admitted that the "stakeholders" did a 100% premine of the coin when it was created.

I have seen people attack WDC saying that it is a scam because the creators premined 400,000 coins, and they can't even prove it. Out of 35 million that is just over 1%. pfft that is nothing compared to 100% premine with NXT

NXT is only traded on it's own exchange where the price can be managed by the stakeholders.

Also the 24 hour volume is low compared to other coins like WDC and WDC is traded on 6-7 exchanges that are not affiliated with the coin.

Basically the price of NXT is fake. I have complained to coinmarketcap.com that it should not be listed until it is traded on other exchanges but they are probably paid off. We'll see.

Next to MXnow this is the biggest scam yet.

[Son-of-Liberty]

Holy crap. I retract my last statement. These guys are the biggest scammers. They take the cake.

They learned all their tricks by watching how Realsolid ripped everyone off at MCXnow. Check out the disclaimer when you sign up:

Terms and Conditions

DGEX.com is a provider of exchange services for Bitcoin and other cryptocurrencies.



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Automated payment processing, while available, performs instant crediting of transfers as soon as they are sufficiently confirmed by the p2p network in question.

Refund Policy: While DGEX.com is aiming for bona fide operationability, there are no refunds. All deposits are considered final purchases of digital tokens within the DGEX.com database only.

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[Horn]

Too busy critiquing,

http://coinmarketcap.com/img/Nxt.png Nxt

$ 21,199,260

$ 0.021

999,997,986 NXT

+34.03 %

[Son-of-Liberty]

The price is completely fake. The "stakeholders" have all the coins. They are just trading back and fourth to each other. The price is whatever they want it to be.

[Horn]

The price is completely fake. The "stakeholders" have all the coins. They are just trading back and fourth to each other. The price is whatever they want it to be.

And how is this any different from any other crypto currency?

[Son-of-Liberty]

And how is this any different from any other crypto currency?

With any other coin a miner can come in and mine it without having to shell out BTC. I do this with WDC and for a few days recently Dogecoin.

If someone wants to get NXT they have to buy it.

If the creators of a coin wanted to continue to monopolize a coin they would have to shell out more and more money on computer equipment and electricity because as the value of the coin increased more and more outside miners would be competing with them for coins. Either that or they would have to buy "from" the miners. Even with massive investment at some point the creators share of the coin would drop to less then 50% then 25% etc.

That is the whole point of mining it lets anyone come in and generate some coins without having to BUY them. It is an increase in supply that acts as a counterbalance to the demand. Eventually as a coin matures, hopefully years down the line the coins stop getting minted and the miners are paid with fees.

I did some more research on NXT and the mining rewards for the fee's are made to reward those that already hold more coins. So basically those that started with the coins will always have a mining advantage. With other coins you don't have to own any to start mining and be fairly compensated.

[Horn]

You're suggesting a miner would undercut an agreed market price?

Intrinsic value is what determines prices other than the market's.

[Horn]

Nextcoin Spiking



Earlier in the year, I had a conversation with my father-in-law, Greg, about the merits of Bitcoin and the investment possibility. At the time Bitcoin was trading around $70. The push over $1000 and resulting media attention was the push into the world of Bitcoin for him. An astute handicapper, he asked me for a way to follow the price of Bitcoin. Like anyone knowledgeable about the space, Coin Marketcap serves the purpose very well.

A few nights ago, Greg pointed out to me another coin- Nextcoin (NXT). He asked me if I knew anything about the coin. We have established a position on his call. I have spent a couple of days studying Nextcoin as an investment.

Yesterday, the price really started to head higher and today Nextcoin.org went down due to an influx of traffic.

I reached out to two people involved with Nextcoin about an interview, and each graciously declined because of how busy they are with Nextcoin. Adding all of these things together, it looks like the new guy has some skills.

Attachment 5847

http://www.cryptocoinsnews.com/2013/...tcoin-spiking/