What is Nxt?

https://nextcoin.org/index.php/topic,104.0.html

by conductor • 13 years ago

9 6 13 years ago

hendzen2• 13 years ago

Seriously, if you want to laugh, take a look at some of the code [0] the NXT devs have released. If you've ever written Java professionally, you will immediately realize that the code was probably written by someone with very little experience.

Please don't fill HN with this scammy pump-and-dump crap.

[0] https://bitcointalk.org/index.php?topic=352286.0

conductor• 13 years ago

I agree that the quality of the displayed code is poor (let's hope they will refactor it before releasing in January) but I think the important thing in Nxt is the concept. One of the innovations It does is solving the "51% attack vector" of Bitcoin (and derivatives): you can not break the system by having the 51% of mining power. But if I understand correctly you can break it by having 51% of all coins.

RyanZAG• 13 years ago

Looks like you can break it by changing your system clock too.

hendzen2• 13 years ago

Judging from the code the devs seem to not understand the ideas of object oriented programming, which makes me hesitant to believe they know anything about the more difficult issues of cryptography or byzantine agreement. I feel bad for anyone uninformed enough to invest in this scam - but like most altcoins, its just another case of the blind leading the blind.

notastartup• 13 years ago

    Hardcore programmers don't bother with commenting.

Quoting the NXT developer.

instoftech• 13 years ago

Well, at least they did write some code of their own...

Most copycat coins I know of (including some highly-priced ones) did nothing but merely changed some config parameters of the Bitcoin codebase. Github repositories of theirs seem dead for years.

What is Nxt?

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