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.
Topic: Is Bitcoin's dominance really about to be challenged? - page 3. (Read 2955 times)
Who control the supply and distribution of NXT coin?
No one controls the distribution of NXT coin, because distribution is over since November 2013 (after two months of open IPO): https://bitcointalksearch.org/topic/ann-nxt-descendant-of-bitcoin-303898
Supply is controlled by every Nxter, here is the current distribution: http://charts.nxtcrypto.org/cDistribution.aspxhttp://charts.nxtcrypto.org/cDistribution.aspx
Don't forget NXT is a proof of stake coin.
It is not decentralized and has a single point of failure.
It is not decentralized and has a single point of failure.
Sorry, I don't want to sound harsh, but people repeat this sentence like parrots...
Nxt has 25k+ wallets with a balance greater than 0 and a lot of active nodes
It doesn't use central checkpoints like peercoin
Where is the single point of failure and why is it not decentralized?
The more "scam" shouters I see here, the more I get the feeling that Nxt is indeed challenging bitcoin.
"First they ignore you, then they laugh at you, then they fight you, then you win."
I think we are at the beginning of phase 3.
Don't forget NXT is a proof of stake coin.
It is not decentralized and has a single point of failure.
It is not decentralized and has a single point of failure.
Your second phrase doesn't follow as conclusion from the first. Why do you claim it has a central point of failure?
Who control the supply and distribution of NXT coin?
AFAIU it was like MasterCoin, an IPO-like thing. All coins were created in the genesis and distributed proportionally to initial investors. There's no inflation.
Who control the supply and distribution of NXT coin?
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.
Don't forget NXT is a proof of stake coin.
It is not decentralized and has a single point of failure.
It is not decentralized and has a single point of failure.
Yes I think Nxt will challenge bitcoin.
Feel free to jump into the friendly community over at: https://nxtforum.org/
challenged by a scam coin
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