Jeff Garzik has made comments about NXT on bitcointalk.org and twitter. I respond to all of the Jeff’s concerns around NXT. Jeff does make valid points about things that could be done better and I think the NXT community will take the criticism and ultimately become better. However, in my opinion Jeff does a disservice by calling NXT a scam.

Further Reading:

• http://www.reddit.com/r/Bitcoin/comments/2g42bh/is_the_peercoin_a_real_competitor_for_bitcoin/
• http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-139-the-validity-of-appcoins
• https://wiki.nxtcrypto.org/wiki/Whitepaper:Nxt#Nxt.E2.80.99s_Proof_of_Stake_Model
• http://www.nxtcommunity.org/math-nxt-forging