<<  >> (p.75)
    Author Topic: | Nxt | Blockchain Platform | Proof of Stake | Official  (Read 941600 times)
    This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic.
    bluemeanie1
    Sr. Member
    ****
    Offline Offline

    Activity: 280
    Merit: 257


    bluemeanie


    View Profile WWW
    May 14, 2014, 02:06:14 AM
     #1481

    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





    Just who IS bluemeanie?    On NXTautoDAC and a Million Stolen NXT

    feel like your voice isn't being heard? PM me.   |   stole 1M NXT?
Page 74
Viewing Page: 75