nodecoin is a response to the need for people to get regular and predictable feedback for running a NXT node. It satisfies this requirement. As to what all the other side effects it creates, I am just a simple C programmer and when you start extrapolating things like the behaviors of large groups of people, well, I admit I cannot predict. AUR proves this.
Also, notice that if trying to boost the NXT network via nodecoin purchases doesnt work, what have we lost? Without nodecoin, there wouldnt even be that option. nodecoin price fluctuations do not impact NXT. nodecoin is not NXT. nodecoin is a NXT asset. If NXT relies on nodecoin for all of its network infrastructure incentive and nodecoin fails, then where are we? I think we would be where we are now, without nodecoin.
James
There's a saying that when you're up to your ass in alligators, it's hard to remember that you originally intended to drain the swamp. That's what we've got here.
The original problem is that everybody eventually comes to the realization that forging NXT isn't getting them rich like they expected Bitcoin mining would do, in fact, if they've got under 2000 NXT, they probably won't even mine a single block in a year (if all NXT owners had their client open and were forging too). This is a disappointment and demotivator to them, and understandably so. But hey, that what PoS as implemented by NXT is. Everybody gets the same ROI / interest rate on their stake, and if you ain't got much stake, your equal share of the pie is gonna be really, really small.
The original BCNext (and I believe correct) solution to the problem is to realize that NXT doesn't need super expensive computers to keep the node network going, that people will keep their clients open and bear the minimal expense as an altruistic item on their part, that instead of profit motive to run NXT we have community spirit.
Some people feel that a bigger motive / incentive is needed. This is very noble and I am not cutting them down. But I come back to my previously stated BCNext's First Law - For every attempt to create a new incentive in the zero-sum NXT system, an equal and opposite disincentive is created somewhere else in that system.
Money in NXT is not created out of thin air every few minutes like it is in BCT. There is only so much and if it goes into one person's pocket, it came out of somebody else's pocket.
So here's the bottom line question. If nodecoin is created as a new source of value to motivate people to support the NXT network, WHOSE POCKET DID THIS VALUE COME FROM IN THE FORM OF NXT?
