We are making some very fundamental changes to the BTCD core, these are changes that I doubt any existing coin will ever make. What this means is that BTCD will have a permanent advantage as to being the most efficient currency to Teleport. For all other coins, teleporting will also incur fees, which means that over the years (yes years), the overall teleport volumes for BTCD will keep rising. And the value of BTCD would also increase as more and more of it gets stored in long term telepods.
So, the future is quite bright for BTCD!
Now some people have asked me about the role of NXT in this. NXT can be thought of as the CPU, certainly a vital part of the computer, but what good is a CPU by itself? BTCD will be the brand, the entire user experience, network, and inside will be NXT. The only way I have been able to get so much tech done is by building on top of what already exists. Reinventing stuff that is already there is just a waste of time. NXT has a great 2.0 crypto feature set and dozens of devs continually improving it, so without much effort BTCD will get the benefit of all these improvements.
Now, a lot of you probably dont quite understand how assets work. It is quite a new sort of thing and it is a bit like shares in a company, not that there is an actual company, but that is the closest way to think about InstantDEX, NXTprivacy, etc. These are assets that were issued in NXT Asset Exchange, but other than the 1 NXT txfee when you trade it, it is pretty independent of NXT itself. To use the features of NXT, there will be the txfee to pay, though it is supposed to drop to 0.1 NXT in a few months. For most things its not really a big deal, but for trading, it is not so good to be charged each time you change your bid. That is why InstantDEX will only charge when there is a trade completed. A key point to realize is that InstantDEX will support direct wallet to wallet trading and in this case it wont need to use NXT at all.
I am solving a very big problem and piecing together a system out of the best components possible. Again back to the computer analogy, you want the best CPU, the best hard drive, the best RAM, the best monitor, the best power supply, etc. One weak link and it could make the whole computer not work. I view BTCD as not just any component, but the entire perfect system. So, I am routing revenue sharing from InstantDEX and NXTprivacy not to NXT holders, but to BTCD stakers. I own quite a larger percentage of BTCD than I do of NXT as I was pretty late in discovering NXT. My various assets, I view as components to the system and I will work to make them as good as possible.
crypto is very complicated and we need to make it simple for the mass market to use it, think Apple computer. They also have Intel CPU inside, but that is not much of a factor as far as customers are concerned, and their iPhone and other devices dont even have Intel compatible CPU, the Apple brand has transcended the CPU.
BTCD is rare, very rare by crypto standards and it will have a fundamental advantage as the contents of telepods. It will also be getting revenue sharing from my assets. At first this wont be that big of a factor, but over time it will become more and more important, this is why it is important to build as big of a network as possible. The more people using the network, the more people are discovering BTCD and the more fees are being generated. I think NXT will benefit to some degree to, but since it is so much bigger than BTCD, the relative impact will be minor. I am hoping that my assets will do quite nicely and I would like to offer some amounts of NXTprivacy to the bounty pool. I want to keep my BTCD
One problem with BTCD is that the coin creators didnt set aside enough, the launch was too fair. So now we are lacking funds to pay for all the things we need and to reward the volunteers working on all the different parts of BTCD. I will match all BTCD raised for donations with an equal market value of NXTprivacy. Unfortunately, I dont have that much InstantDEX left. So while NXTprivacy isnt BTCD itself, it will be a key component of the overall system. I doubt it will do as good as BTCD itself, but at least this doubles the current value of the funds raised. With all the things we have in progress, BTCD can easily go up tenfold from where it is now. I would be totally surprised if NXTprivacy goes up fivefold, so the profit potential for BTCD is quite a bit better, as well it should be, since it is the entire system and not just a component.
James
P.S. No buying panic! Just wait for the WH to sell below market price
