Barabbas,
the NXT IPO was indeed announced. You can't pronounce it a 'scam' because you didn't get any.
Yes as people come to rely more and more on the system, those shares and the worth of a *large piece* starts to carry an absolutely enormous price tag. Someone could for instance come in and buy up all the NXT that are floating around. Maybe what- 20%? if they tried to do this, the price would increase 10 fold at least. Now try and buy up the privately held shares at that point. I hope you have 200 million dollars floating around to do that(at least).
Everyone always talks about this problem of someone obtaining a large stake and attacking the network. There are far better ways to cause havoc and destruction for 10 million dollars(at this point it would cost much much more to attack NXT). The fact is there are no reasonable motivations for doing something like that. Also, Bitcoin is subject to the same exact risk parameters(I could have bought 10 million dollars worth of computer gear at some point and attacked the BTC block chain).
-bm
Once again, you don't want to hear (read) what you don't want to hear. And that is fine. And it doesn't matter if it is old or new. I wasn't even remotely interested in cryptocurrencies when Next came out so pretending that I pronounce it a scam because I didn't get any is like pretending I would be mad because my girlfriend is not a virgin, ok?
I have read extensibly, about what went on with the so called IPO. I wasn't there or even here (in cryptoland), so it isn't personal at all. As a matter of fact my interest in NEXT was heavily piqued when I saw it was innovative and different. No problem there. The problem is that a few people -maybe just a handful, own it. And it is a problem ONLY because of two things: Anonimity and Lack of accountability. The third problem is lack of regulation, of course.
The three put together, make this a huge scam. Huge: There are thing that you can do, and not being a scam, and things that, if you do, make it a huge scam. The distribution used here, makes it a huge scam. Period.
And, once again, Bitcoin has no correlation with this in any way, shape or form. Anyone, OVER YEARS, could have easily bought millions of bitcoins. ANYONE at all, let alone mine it. So it isn't and never was a scam. Unlike next. Which is not to say there are not a lot of problems and flaws in bitcoin, there are. But it isn't a scam.
Next is.
