(I'm sorry if you've seen this before. I just posted this on Reddit and I thought I'd say it again here.)
People had been complaining about the ICO, for good reason. They were also saying the devs didn't care; that they were happy if a few whales bought as long as they got their money. Those of us that have been involved in Nxt for a while knew better.
This update is important for two reasons. The first is that it levels the playing field. It effectively gives the bot advantage to everyone. Now whether you get to buy or not mainly depends on whether your transaction is lucky enough to reach the forging node before the offering is sold out. That mostly depends on your network connectivity. Whales don't get any particular advantage any more.
Perhaps more importantly, it also shows that the devs listen to the community, they care, and they work hard to fix problems. They have been doing this for more than the 4 years that Nxt has been a running crypto-currency. They will keep on doing it into the future. They believe in crypto-currencies as a force for good in the world and they are making it happen.
The potential here is huge. Nxt has taken a bit of a beating over the last year, partly because the devs have been working on their vision for Ardor and so Nxt itself has not had many updates in that time. All that behind-the-scenes work is about to come to fruition, with Ardor now on Testnet and going to be properly launched on Livenet by the end of the year. Ardor finally solves the scalability problems that cripple all other crypto-currencies.
The problems this ICO has had are problems of success. It is over-subscribed. Whales want in because they know the devs will deliver. They also want to put their money in because they know money is needed. Nxt raised some Bitcoin for development and marketing back when it started, all those years ago, and that money ran out. The community tried to raise money other ways, but really Nxt has been running on fumes for a while now. The success of this ICO means that phase is over.
The Ardor platform will finally have the financial backing it deserves. With that, and the unmatched technology, and some of the best devs in the business, Ardor/Ignis is poised for take-off.
People had been complaining about the ICO, for good reason. They were also saying the devs didn't care; that they were happy if a few whales bought as long as they got their money. Those of us that have been involved in Nxt for a while knew better.
This update is important for two reasons. The first is that it levels the playing field. It effectively gives the bot advantage to everyone. Now whether you get to buy or not mainly depends on whether your transaction is lucky enough to reach the forging node before the offering is sold out. That mostly depends on your network connectivity. Whales don't get any particular advantage any more.
Perhaps more importantly, it also shows that the devs listen to the community, they care, and they work hard to fix problems. They have been doing this for more than the 4 years that Nxt has been a running crypto-currency. They will keep on doing it into the future. They believe in crypto-currencies as a force for good in the world and they are making it happen.
The potential here is huge. Nxt has taken a bit of a beating over the last year, partly because the devs have been working on their vision for Ardor and so Nxt itself has not had many updates in that time. All that behind-the-scenes work is about to come to fruition, with Ardor now on Testnet and going to be properly launched on Livenet by the end of the year. Ardor finally solves the scalability problems that cripple all other crypto-currencies.
The problems this ICO has had are problems of success. It is over-subscribed. Whales want in because they know the devs will deliver. They also want to put their money in because they know money is needed. Nxt raised some Bitcoin for development and marketing back when it started, all those years ago, and that money ran out. The community tried to raise money other ways, but really Nxt has been running on fumes for a while now. The success of this ICO means that phase is over.
The Ardor platform will finally have the financial backing it deserves. With that, and the unmatched technology, and some of the best devs in the business, Ardor/Ignis is poised for take-off.
