Topic: Is Bitcoin's dominance really about to be challenged? - page 2. (Read 2955 times)
Sorry boyos, Bitcoin is KING.
The thing is that with any coin there will always be someone who is a late adopter and finds the distribution unfair and hence there will be the demand for a new coin n+1 no matter if it actually is needed or not.
One thing bitcoin has that no other coin has is that it is the original.
I love the feature argument that is usually made with alts on why they are so much better than bitcoin.
You may think you have the swiss army knife of cryptos but that still does not make it any better at chopping down trees.
One thing bitcoin has that no other coin has is that it is the original.
I love the feature argument that is usually made with alts on why they are so much better than bitcoin.
You may think you have the swiss army knife of cryptos but that still does not make it any better at chopping down trees.
But it's a good way of trying out new features. After all, these coins coin emerge in side-chains of bitcoin. That way we could profit from their potentially unique features and still remain in the big and 'established' bitcoin universe!
The thing is that with any coin there will always be someone who is a late adopter and finds the distribution unfair and hence there will be the demand for a new coin n+1 no matter if it actually is needed or not.
One thing bitcoin has that no other coin has is that it is the original.
I love the feature argument that is usually made with alts on why they are so much better than bitcoin.
You may think you have the swiss army knife of cryptos but that still does not make it any better at chopping down trees.
One thing bitcoin has that no other coin has is that it is the original.
I love the feature argument that is usually made with alts on why they are so much better than bitcoin.
You may think you have the swiss army knife of cryptos but that still does not make it any better at chopping down trees.
the initial PoS distribution is even worse that Satoshi having 1M btc
Let's see:
Satoshi: 1M/13.05M = 7.66%
Biggest Nxt Stakeholder: 50M/1BN = 5%
But it may ultimately fail, as well. We saw promising performance with Litecoin. RIP, little silver brother of BTC...
Quoting you. Let's revisit this little comment in 12 months, and compare where Litecoin is compared to NXT, mmmkay? 
Ha, yeah let's do that
I wouldn't want to bet anything on that and it's my pure gut feeling. But that'll be fun!
But it may ultimately fail, as well. We saw promising performance with Litecoin. RIP, little silver brother of BTC...
Quoting you. Let's revisit this little comment in 12 months, and compare where Litecoin is compared to NXT, mmmkay? challenged by a scam coin
It's no scam-coin. I think it's the best shot at a true proof-of-stake mechanism, and not just a blatant rip-off of the bare bones of bitcoin with an adjusted mining algorithm, another retargeting algorithm and a funny name. But it may ultimately fail, as well. We saw promising performance with Litecoin. RIP, little silver brother of BTC...
And a billion units. Even if NXT survives long term, it'll take 10+ years for a single NXT to even reach $10 parity. Even at $10/NXT, you still wouldn't be able to run large financial markets on that.
Plus, the initial PoS distribution is even worse that Satoshi having 1M btc. In the NXT world, they'll be at least 12+ such Satoshis to rule the entire NXT kingdom. Also, many of NXT's supposed "2.0 features" are not even implemented, so they are complete vaporware.
But Shhh! don't tell the NXT zealots all this stuff. They don't seem to care about the truth.
No thanks.
Plus, the initial PoS distribution is even worse that Satoshi having 1M btc. In the NXT world, they'll be at least 12+ such Satoshis to rule the entire NXT kingdom. Also, many of NXT's supposed "2.0 features" are not even implemented, so they are complete vaporware.
But Shhh! don't tell the NXT zealots all this stuff. They don't seem to care about the truth.
No thanks.
Please, show me an account or a holder of a 10% balance. Last time i checked biggest holder had 45Millions NXT (4.5%).
Vaporware? Let's see:
-Working asset exchange
-Alias
-Balance leasing
-Encrypted messaging
-5 different GUI
-Decimals
-Multi gateway
-Token
...
Please make some researches before trolling. Trashing is easy when undocumented. I base my thoughts on facts.
So there's no mining with NXT. Who keeps the computer making transactions online, and why ? How are the transactions processed ? And I understand they are much faster than bitcoin ?
Who and why: Everyone who wants to support the network, or to get some transaction fees (the block generator gets all fees)
Transactions: The forger that generates the block includes the transactions and signs the block. Forgers are chosen basen on the Nxt Proof of Stake algorithm (chances to forge a block a proportional to the effective stake in your account)
Block time is 1min, compared to 10min of bitcoin. Some devs are coding "Instant transactions" as we speak.
So there's no mining with NXT. Who keeps the computer making transactions online, and why ? How are the transactions processed ? And I understand they are much faster than bitcoin ?
And a billion units. Even if NXT survives long term, it'll take 10+ years for a single NXT to even reach $10 parity. Even at $10/NXT, you still wouldn't be able to run large financial markets on that.
Plus, the initial PoS distribution is even worse that Satoshi having 1M btc. In the NXT world, they'll be at least 12+ such Satoshis to rule the entire NXT kingdom. Also, many of NXT's supposed "2.0 features" are not even implemented, so they are complete vaporware.
But Shhh! don't tell the NXT zealots all this stuff. They don't seem to care about the truth.
No thanks.
Plus, the initial PoS distribution is even worse that Satoshi having 1M btc. In the NXT world, they'll be at least 12+ such Satoshis to rule the entire NXT kingdom. Also, many of NXT's supposed "2.0 features" are not even implemented, so they are complete vaporware.
But Shhh! don't tell the NXT zealots all this stuff. They don't seem to care about the truth.
No thanks.
There should be a new NXT which is initially distributed according to the bitcoin blockchain, as described by Peter R (https://bitcointalksearch.org/topic/spin-offs-bootstrap-an-altcoin-with-a-btc-blockchain-based-initial-distribution-563972), rather than IPO. Assuming the blockchain bootstrap could be implemented, that would have all the great features of NXT while incorporating the entire bitcoin investor base. Whichever 2.0 coin does this is the one that will win.
Interesting idea there. It may be that a usurper uses this route to dominance in later years. But lets be honest that isnt going to be popular with users of altcoins that have bought in specifically to acquire early adopter status in the nxt big thing.
Anyway this is a bitcoin forum. Can we get back on topic please!
There should be a new NXT which is initially distributed according to the bitcoin blockchain, as described by Peter R (https://bitcointalksearch.org/topic/spin-offs-bootstrap-an-altcoin-with-a-btc-blockchain-based-initial-distribution-563972), rather than IPO. Assuming the blockchain bootstrap could be implemented, that would have all the great features of NXT while incorporating the entire bitcoin investor base. Whichever 2.0 coin does this is the one that will win.
Make the BTC richboys even richer?
NXT has a corny name, it will never catch on. It's trying too hard to be next best thing.
Lol honestly I think that's the one biggest drawback to NXT -- what a terrible, terrible name.
There should be a new NXT which is initially distributed according to the bitcoin blockchain, as described by Peter R (https://bitcointalksearch.org/topic/spin-offs-bootstrap-an-altcoin-with-a-btc-blockchain-based-initial-distribution-563972), rather than IPO. Assuming the blockchain bootstrap could be implemented, that would have all the great features of NXT while incorporating the entire bitcoin investor base. Whichever 2.0 coin does this is the one that will win.
NXT has a corny name, it will never catch on. It's trying too hard to be the next best thing.
Until now most alts were traded for bitcoins, creating extra bitcoin demand, but if they start trading directly for fiat
then there will be some extra seller pressure on bitcoin. Challenged, I don't think so, not yet.
then there will be some extra seller pressure on bitcoin. Challenged, I don't think so, not yet.
It already happened, NXTUSD, NXTEUR, NXTCHF, NXTGBR etc.
https://www.ccedk.com/nxt-usd
They take SEPA or SWIFT
Delusion...
Asset exchange, multigateway (Yes you heard it, trade all altcoins in a decentralized manner on the nxt platform) and a ton of other features that are coming.
If all this is not promising.. It's funny how bitcoiners try to trash Nxt just like Fiat holders trash bitcoin.
Best thing is, these two features are already launched and work.
More to come. Btw it was launched in november 2013, so it is less than one year old. Check the GUI and see what a 2.0 coin is about.
Best part is that they are complementary. Most Nxt holders are true bitcoin believers, we complement bitcoin in various ways.
NXT has a ton of amazing development but I'm not so sure it'll ever shake off the stigma of the appalling initial distribution. That's the first thing that most mention about it even now.
If it wasn't for that I'm sure it would've surged ahead by now.
If it wasn't for that I'm sure it would've surged ahead by now.
NXT was one of the most promising coins of 2013, but in 2014 has proved it wasn't only a common altcoin,
but a new different type of virtual currency. For this reason it was called the successor of bitcoin by many users here.
In my opinion in the future it will eventually be placed side by side with btc, but I don't think NXT will ever substitute it.
but a new different type of virtual currency. For this reason it was called the successor of bitcoin by many users here.
In my opinion in the future it will eventually be placed side by side with btc, but I don't think NXT will ever substitute it.
+1
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