NXT can already store data of up to 40kb+. I think nxt is just strategically waiting to see how ethereum does before jumping in.
What I wonder about ethereum, if they were to make the same exact apps that nxt has and since its open sourced where anyone can just fork one another. Wouldn't that be a bit messy if there are like 5 different chat apps or 10 different asset exchanges on top of ethereum?
Reminds me of NXT MS, which was not a very big success. In fact, it is largely unused and forgotten now. Everyone could have their coin easily inside NXT, secured by it's blockchain, but nobody utilized it. Was it because of the fees? Because there are also fees on the Ethereum network.
Unless you fork it, then you can run your very same apps for free.Ethereum could end up being the most cloned coin with some kind of a browser plugin for individual blockchains
I was wrong yesterday, there is an ETH thread buried deep in the NXT forum in "off-beat".
There is a KEY POST there by k_day:
"In theory, ETH can do infinitely more than NXT/NEM because it includes turing complete scripting language...
It's the opposite approach to NXT: NXT adds features they think Devs want, ETH lets Devs code whatever they want."
To use a metaphor, NXT is the Monetary System which has been ignored by elite Devs as too limited/simplistic...
ETH is a great language similar to JavaScript on a blockchain where Devs have virtually no limitations.
ETH has and will attract orders of magnitude more elite Devs than NXT/NEM type platforms...
That's why it's doubled on massive volume last 48 hours to $90,000,000... and may eventually challenge BTC.
As for bolting on turing complete scripting languages onto NXT/NEM/QORA...
It's all about network effect for elite Devs where ETH now has a 10:1 or 20:1 advantage.
Neither NXT nor NEM have actually implemented smart contracts in their platforms but you can bet developers at both platforms are thinking about it. In some ways it pays to be second when implementing smart contracts as the first guy very well might mess up and lessons can be learnt from that.
It can also be said that scope of vision for Ethereum is much broader in that they want you to be anything and everything from the core of the platform and they "wanted" it to be Turing complete but that has had some flip flopping back and forth on it.
In the end, it is very possible either NXT or NEM might someday allow people to do most of the things most of the time when they are finished with their smart contract implementations. Yes, that won't be the "anything everytime" that Ethereum is doing, but NEM and NXT might just find a way via easy to use APIs which don't involve intense coding that "elite devs" might be into, but might more target regular devs doing real regular projects.
But the real truth is, all this is speculation. All three platforms are at least a year away from have anything to do with smart contracts that isn't experimental. In Ethereum's maybe a couple of years as their goal post is set quite a bit further down the line.
As somebody else already mentioned too, Ciyam has already released his smart contracts for 6 or something different cases and almost any platform that has a decent dev could implement them. Its just that there really probably only a handful of teams in crypto that actually could do smart contracts right.
Also, a lot of Ethereum's devs are not necessarily better than the devs at NEM or NXT, but they are far less anonymous and have been involved with other projects before Ethereum. They were then able to use their connections and name's to build up a giant hype machine and then attract more devs. But had the NEM or NXT devs been given 12 million dollars, you would have seen a lot more than command line smart contracts by now; you can take that to the bank. Instead the NXT and NEM devs are very talented but a bit over looked and underestimated due to their lack of not having been BTC's insiders in the early days. (or if they are, having it covered up for privacy reasons. Hint: they are, and in the case of the NXT original thread for sure BC NXT says straight up that he is an old timer in BTT but has made a sock puppet account)