What your basically saying is that in a reasonable POW difficulty profile, the dev cannot "create" the coins out of thin air - 3rd parties have to "draw" it into existence and, as such, are subject to the 1 CPU 1 vote rule. Whereas with NXT, the dev basically mined the whole lot himself and sold them off for "peanuts" to early adopters (and possibly keeping a whole pile for himself) which makes a mockery of the POW philosophy.

What I'm saying is that it's for the market to decide if that's ok or not because - even in the case of POW - only the market can give those coins value.

If the market gives the coin a valuation over the long term, then you've got to look again at your reasoning because you either got something wrong somewhere, or your simply not looking at it in a broad enough context (and last but not least - you might just be green with envy).

The reason this aspect of it is important is because your judging a historical event on the basis of a current valuation which is where your "scam" accusation lacks integrity. At the time the NXT IPO took place, the altcoin world was a whole different landscape. LTC had been trading for less than a dollar only weeks before and "2nd Gen" alts were unheard of - no more than a bedroom coding experiment.

If you're going to lay "blame" on anyone (not that I know even now what crime has been committed to justify blame, but you seem to sure have a problem with it) then blame the markets, not the devs. Without the markets this would all have been no more than a 21 BTC bench test prototype and you definitely WOULD have a scam on your hands because those stakeholders would have turned bagholders. As it is they did pretty well out of to and so has everyone since that invested. If you're saying that the 71 were all "in on it" then:

a) you'd better have some evidence of it given the amount of accusations you've let fly

b) your better start a list because there's a few thousand more where those 71 came from and they've all benefitted to a greater or lesser extent

IMO, the devs are entitled to do what the hell they like and the market's equally entitled to deny that coin a valuation if it's unhappy with the asset or if it thinks the asset lacks financial integrity for any reason.

Ethics doesn't come into it as long as deception hasn't taken place.

If the dev kept all the coins for himself while "pretending" to the market that they were sold to genuine 3rd parties then that would constitute deception and would be a problem, but you'd need to come up with some evidence of it.

Also, at the time the IPO took place, the coins weren't worth anything, so all this stuff we're discussing now would have been hypothetical back then.

well KindlyDan  you see i run them all though virus total first and then make sure they are on a useless system.

https://www.virustotal.com/ro/url/c6bd5bd5a69c0607011a7bba0b890d9eac0b55fe5fbe1117a9ac5d1ce7990d04/analysis/1404249592/

this one comes up the goods - its nothing personal you know , its a NXT thing.

you might be able to comment more - but i see it as a great code of "none essential stuff"  somewhere between   web front and something that you don't care if the "NSA" has a million back door in? 

If there's one thing I learned from this forum, its that there's absolutely no association between intelligence and wealth anymore. Maybe there was at one point, but now they have become decoupled and there is no correlation here anymore.

Just because you have money, it doesn't mean you are smart... simplified it for all the self-proclaimed rich people out there

+1

just want to keep this baby bumped.

Sticky this please !
Every new guy should be forced to read this before trading.
Good job it was concise and well laid out.

This is what i have thought about NXT etc and have just tried to avoid the topics but the spam this place hard with NXT hype crap more and more.

Funny thing is i got banned a week or two ago (for 5 days) for posting anti NXT comments on here.. they banned me for spamming they said.
Glad more guys are speaking out.. they can't ban us all here to protect their faggy little fucking scam  

and please do one for these topics for those 1 week POS scam clones too
examples like the color coins or Guerilla coin or Cinni etc etc

edit:
and if you didn't bump this i would have missed it
I try and ignore any topic that has NXT in the title, that is why i must have missed it before hahah

In this Blog, as well as the graph of 'Faggy Little Fucking Scams', can we please compare with a graph of 'Faggy Big Fucking Scams', as well? For educations sake.
 

A rule of thumb that never failed me: The more a user swears, the less arguments he has.

Never thought they would ban someone like you!