i claim the NXT market cap will correlate with the SUM of the value of all the assets in AE. I provide as evidence, XRP market cap, which has done exactly that. At least as a rough approx, as big surge in December corresponded to big influx in CNY and subsequent decay in gradual exodus of assets out of ripple network.
Like it or not, AE makes NXT a similar animal as XRP. I have first hand experience with ripple and how it has fluctuated. I used to be an active market maker there, until the total fiat inside ripple drained away. I am not an economist, but when I see 70% of assets disappear and market value drops by 70%, well I was able to put two and two together.
What is your evidence of NXT destruction?
How exactly did you envision creating an economy using NXT by by building on top of NXT?
What is an economy? Isnt it people trading stuff with each other? Having a coinmarketcap war inside of NXT will bring a lot of activity and new blood into NXT. It will spawn the need for charting services, automated bot services, market makers, etc. Not exactly the joe-sixpack demographic, but in crypto land we know this is the group that provides liquidity.
I believe that I understand a lot of nuances about all this. If you have any evidence to support your theory that having active trading market of assets is totally destructive to NXT, please post. Otherwise you are just yelling "fire" in a movie theater, when there is no fire.
James
James, I'm gonna stop yelling fire in the movie theatre. I am not an economist and I have no idea what will happen with nodecoin, I only have my fears. I am an adventurer, tho, so ultimately I say let's let it rip and see what happens. You have worked hard and have created an innovative piece of tech that has revolutionary potential. You deserve kudos and compensation. I do not want to be a wet blanket that destroys your enthusiasm, your enthusiasm is one of the greatest assets we have in this community. So please accept my admiration for you doing what I do not have the skill set to do myself.
We all care about NXT and have our own ways to contribute to it. My ways to contribute are basically to promote it as a first gen coin with key advantages over Bitcoin - green, efficient PoS TF, lightweight / prunable blockchain, 1000TPS, up-and-coming anonymity via mixing/zerocash, etc. etc. This is what I understand best and what I think I can push / sell to a receptive audience. My preference would be for dev work to concentrate on bringing these 1st gen capabilities online ASAP, get NXT established as a strong 1st gen coin, THEN bring on the 2nd gen icing on the cake. Instead we seem to be jumping right into the 2nd gen goodness as our main claim to fame - AE, nodecoin/othercoins, alias registration. Maybe rolling out these new revolutionary capabilities first will cause NXT to take off like a rocket. I hope so.
It's all gonna get developed eventually, this group is that smart. I only hope that our sequencing of rollout is optimal instead of haphazard. No matter what, you've done great and we all appreciate your efforts. That's a fact.