elective-stereophonic
elective-stereophonic
A solution to the nxt distribution - change the marketing perception of it singapore
Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Stable Nxt Client: Nxt 1.12.2

Pages: 1 [2]  All

Author Topic: A solution to the nxt distribution - change the marketing perception of it  (Read 3215 times)

mczarnek

  • Hero Member
  • *****
  • Karma: +68/-4
  • Offline Offline
  • Posts: 898
    • View Profile
    • Nxt Place - Craigslist for Nxt
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #20 on: October 25, 2014, 04:12:52 pm »

and then what do you say if someone brought up the distribution issue and showed that page to a group of newbies?
Be honest.

Point out that Bitcoin looks better than it is because Bitcoin owners tend to split their holdings over many addresses. This is partly because of the change mechanism and their notion that reusing addresses is bad, and partly for security. For example, Satoshi is thought to have roughly a million BTC spread over 20,000 accounts (because he mined 50 BTC a block and used a new address each time). If he moved all those coins to a single address, that one address would contain roughly 10% of coins. Because he hasn't, his holdings hardly register because statistics don't reflect all his addresses are controlled by one person. Most Bitcoiners are like that.

The reality, though, is that Nxt's distribution is a problem. Not because of the percentages, but because the absolute numbers are so small. About 12 accounts forge 50% of blocks. That's few enough that they could all meet in one room and collude. That's the way it is, and it'd be unethical to hide it.

And with Bitcoin you'd only need two people to meet and collude.. of course any of them would be stupid to do so. But could be one.
Logged
NXT Organization: Tech
Donations greatly appreciated: NXT-DWVJ-G89C-RHNL-6QW6Q

nxkoil

  • Jr. Member
  • **
  • Karma: +3/-3
  • Offline Offline
  • Posts: 68
    • View Profile
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #21 on: November 01, 2014, 12:52:44 pm »

So i'm looking at this page: https://nxtblocks.info/#section/blockexplorer_distribution

currently 142 accounts control 772million NXT. Thats about 5million nxt on average for each account. Or you can see it as 70% of the NXT is controlled by 142 people.


If I was a total noob coming into this space and looked at this, it would seem totally unfair and just jump ship right away.

I think it would be good to get these whales to break up their million holdings into separate accounts and reduce that 772M number down for the marketing sake of NXT. If that number can go down, we can point to people to that page and show that NXT is distributed to at least 1000+ people. This will greatly shut people up about the distribution problem even though its just whales breaking up their accounts to get into the shadows.

thoughts?


So, the distribution has not get better in 6 months?

In forging there was slightly positive changes but when knowing the 'must create new, safer accounts' process, it was also worrisome.
In June the TOP4 forgers had still 50% share of the forged NXT's. In Feb they had 56%.
The TOP98 had in Feb 99% and in June 96%.
 
https://nxtforum.org/general-discussion/nxt-pub-thread-2500-pages-on-nxtforum-org-or-bust/msg33380/#msg33380

Maybe that correlates with the bad? distribution and the problems to splay NXTcoins to the world?
Logged
[NXT] 10879406408006961024
[LTC]  LhJxJPNQheCUsDhw477hWntbxdknSh2RmA
To buy/sell NXT, visit Poloniex

semibaron

  • Sr. Member
  • ****
  • Karma: +16/-7
  • Offline Offline
  • Posts: 333
    • View Profile
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #22 on: November 01, 2014, 01:48:08 pm »

Guys, look at CMC. NXT marketcap is at 18mio right now and heading down.
It is very easy to see from this point on, that the price will go down to zero and from there on we will have a complete restart.

May it by Monetary System or by very very cheap NXT.
Logged

nxkoil

  • Jr. Member
  • **
  • Karma: +3/-3
  • Offline Offline
  • Posts: 68
    • View Profile
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #23 on: November 01, 2014, 02:33:14 pm »

Guys, look at CMC. NXT marketcap is at 18mio right now and heading down.
It is very easy to see from this point on, that the price will go down to zero and from there on we will have a complete restart.

May it by Monetary System or by very very cheap NXT.

heading down?
When looking NXT/BTC (all the time), it looks like it is slowly going up.
Maybe it is better to compare NXT to other cryptocoins than to USD.
Logged
[NXT] 10879406408006961024
[LTC]  LhJxJPNQheCUsDhw477hWntbxdknSh2RmA
To buy/sell NXT, visit Poloniex

semibaron

  • Sr. Member
  • ****
  • Karma: +16/-7
  • Offline Offline
  • Posts: 333
    • View Profile
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #24 on: November 01, 2014, 02:51:36 pm »

Guys, look at CMC. NXT marketcap is at 18mio right now and heading down.
It is very easy to see from this point on, that the price will go down to zero and from there on we will have a complete restart.

May it by Monetary System or by very very cheap NXT.

heading down?
When looking NXT/BTC (all the time), it looks like it is slowly going up.
Maybe it is better to compare NXT to other cryptocoins than to USD.

No. New money will enter the system only through fiat. Bitcoin is dying.
Logged

nxkoil

  • Jr. Member
  • **
  • Karma: +3/-3
  • Offline Offline
  • Posts: 68
    • View Profile
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #25 on: November 01, 2014, 04:37:44 pm »

Guys, look at CMC. NXT marketcap is at 18mio right now and heading down.
It is very easy to see from this point on, that the price will go down to zero and from there on we will have a complete restart.

May it by Monetary System or by very very cheap NXT.

heading down?
When looking NXT/BTC (all the time), it looks like it is slowly going up.
Maybe it is better to compare NXT to other cryptocoins than to USD.

No. New money will enter the system only through fiat. Bitcoin is dying.

Really?
Is that only some prophecy or is there any proofs about that?
Logged
[NXT] 10879406408006961024
[LTC]  LhJxJPNQheCUsDhw477hWntbxdknSh2RmA
To buy/sell NXT, visit Poloniex

capodieci

  • Hero Member
  • *****
  • Karma: +256/-19
  • Offline Offline
  • Posts: 1349
  • BlockchainZoo.com
    • View Profile
    • ZooBC - Advancing Blockchain Technology
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #26 on: November 02, 2014, 12:01:46 am »

It is written in the bible. Or Nostradamus predicted it. Or was the aliens? Bitcoin is already old stuff technologically,  yet very few people heard of it yet, and it is still blooming on the public knowledge. So, unfortunately, my prediction is that bitcoin is going to stay a few more years before being replaced by other cryptocurrencies. Without bitcoin tho, the road will not be paved for everyone else. If technology was winning over common knowledge of it, MSDos would have not survived until windows NT lol

From mobile

Logged
- Decentralised Business Network: DeBuNe -
Will be implemented on
ZooBC.com - Join the forum ZooBC.org - By Blockchain Zoo

2Kool4Skewl

  • Hero Member
  • *****
  • Karma: +396/-246
  • Offline Offline
  • Posts: 1897
  • Banned!
  • Because I'm a Genius
    • View Profile
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #27 on: November 02, 2014, 05:21:08 am »

Guys, look at CMC. NXT marketcap is at 18mio right now and heading down.
It is very easy to see from this point on, that the price will go down to zero and from there on we will have a complete restart.

Good we're getting to the final capitulation point... total despair.  I was worried it would take us longer to reach the bottom.
Logged
We are the descendants of Bitcoin.  We are the continuation of the cause it started, but that perished with its centralization.
An economic system is a manifestation of an ideology.  What was lost, we shall reclaim.
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"

galeki

  • Full Member
  • ***
  • Karma: +16/-2
  • Offline Offline
  • Posts: 228
    • View Profile
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #28 on: November 02, 2014, 06:43:57 am »

just think current NXT price as second IPO :D
Logged

capodieci

  • Hero Member
  • *****
  • Karma: +256/-19
  • Offline Offline
  • Posts: 1349
  • BlockchainZoo.com
    • View Profile
    • ZooBC - Advancing Blockchain Technology
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #29 on: November 02, 2014, 11:47:18 pm »

Bah, so much drama... I see a great future ahead!

From mobile

Logged
- Decentralised Business Network: DeBuNe -
Will be implemented on
ZooBC.com - Join the forum ZooBC.org - By Blockchain Zoo

nxtperceval

  • Full Member
  • ***
  • Karma: +12/-17
  • Offline Offline
  • Posts: 200
    • View Profile
Re: A solution to the nxt distribution - change the marketing perception of it
« Reply #30 on: November 03, 2014, 08:42:29 am »

NXT is supposed to be better that bitcoin, right?
If that greedy whales doeesn't want to kill NXT, better to start buying some assets or doing something productive with their NXT instead of just wait ans sell.
Logged
Pages: 1 [2]  All
 

elective-stereophonic
elective-stereophonic
assembly
assembly