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Topic: Poll result: NXT is a proper cryptocurrency - page 16. (Read 24859 times)

legendary
Activity: 1498
Merit: 1000
September 16, 2015, 12:30:15 PM
That means that the price decline is an indicator of flawed fundamentals.

Interesting point of view. Back in 2013 we would have said that fundamentals are good (if we followed the same logic). This arises philosophical question: when is it the right moment to use Klee Indicator? I would go even further and claimed that any currency has flawed fundamentals because none has been thriving forever yet. As a cherry on top I would recall BCNext's "A world with the money can not be perfect", hehe.
Question is why is NXT price falling? Aliens?
legendary
Activity: 2142
Merit: 1010
Newbie
September 16, 2015, 12:22:51 PM
That means that the price decline is an indicator of flawed fundamentals.

Interesting point of view. Back in 2013 we would have said that fundamentals are good (if we followed the same logic). This arises philosophical question: when is it the right moment to use Klee Indicator? I would go even further and claimed that any currency has flawed fundamentals because none has been thriving forever yet. As a cherry on top I would recall BCNext's "A world with the money can not be perfect", hehe.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
September 16, 2015, 10:45:13 AM
With vanishing volume

Volume is a bad indicator for 100% PoS coin because there are no miners who need to sell coins to pay electricity bills. Funny that you forgot this. Or maybe you didn't...
That means that the price decline is an indicator of flawed fundamentals. This would be good with a stable and/or increasing price.

Great point!  Even given NXT's Ponzi-like staking 'feature' people still don't want to buy in and hold bags.

#REKT
legendary
Activity: 1498
Merit: 1000
September 16, 2015, 02:42:49 AM
With vanishing volume

Volume is a bad indicator for 100% PoS coin because there are no miners who need to sell coins to pay electricity bills. Funny that you forgot this. Or maybe you didn't...
That means that the price decline is an indicator of flawed fundamentals. This would be good with a stable and/or increasing price.
legendary
Activity: 1181
Merit: 1002
September 15, 2015, 11:18:26 PM

ETH might be the most useful thing since Bitcoin and Monero.


agree

agree

sure sweetie, sure... "Are you mad about your bag becoming more difficult to continue holding?"
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
September 15, 2015, 07:29:38 PM
NXT has SUPERNET liteweight client, ETHEREUM has jackshit console obsolete technology pal Smiley

A slick GUI is only as good as the coin it represents.  How did that nice Android client work out for Paycoin?

ETH might be the most useful thing since Bitcoin and Monero.

What good does NXT do?

It helped jl777 list some scammy assets, which are now dead thanks to a summer of zero volume...

...and?  OK NXT bagholders, don't answer all at once...

Hmm...scammy dead assets and no volume, or user-programmable smart-chain with massive volume?

What a tough choice!

If the user-programmable smart-chain feature gets implemented.

And even then the potential attack vectors and undiscovered bugs are too big in order to become a usable currency in the near future.


Bitcoin still gets updates, and it has been over 6 years now, and bitcoin is a very simple protocol compared to ethereum.

With ethereum I can already see the greedy hands of hackers trying to find vulnerabilities in any piece of code. The amounts of theft in ethereum will be huge in the next months.

Even if ethereum is better, it will definitely need alteast 10 years to get out of beta phase lol Cheesy

Yes, ETH has issues with management and institutional risk which BTC outgrew a long time ago.

And point taken about the relative difficulty of a fancy Turing-complete smart-chain vs plain old Bitcoin.

But many people want ETH to happen, and they're throwing gobs of money, talent, and lawyers at the problem, so it has a fighting chance of success.

NXT has nobody excited about it, all the biggest fanboys ran off to NEM or whatever, there's no money or talent for dev work, and so it's just another Walking Dead zombie coin.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
September 15, 2015, 07:16:01 PM
NXT has SUPERNET liteweight client, ETHEREUM has jackshit console obsolete technology pal Smiley

A slick GUI is only as good as the coin it represents.  How did that nice Android client work out for Paycoin?

ETH might be the most useful thing since Bitcoin and Monero.

What good does NXT do?

It helped jl777 list some scammy assets, which are now dead thanks to a summer of zero volume...

...and?  OK NXT bagholders, don't answer all at once...

Hmm...scammy dead assets and no volume, or user-programmable smart-chain with massive volume?

What a tough choice!

If the user-programmable smart-chain feature gets implemented.

And even then the potential attack vectors and undiscovered bugs are too big in order to become a usable currency in the near future.


Bitcoin still gets updates, and it has been over 6 years now, and bitcoin is a very simple protocol compared to ethereum.

With ethereum I can already see the greedy hands of hackers trying to find vulnerabilities in any piece of code. The amounts of theft in ethereum will be huge in the next months.

Even if ethereum is better, it will definitely need alteast 10 years to get out of beta phase lol Cheesy
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
September 15, 2015, 07:03:02 PM
NXT has SUPERNET liteweight client, ETHEREUM has jackshit console obsolete technology pal Smiley

A slick GUI is only as good as the coin it represents.  How did that nice Android client work out for Paycoin?

ETH might be the most useful thing since Bitcoin and Monero.

What good does NXT do?

It helped jl777 list some scammy assets, which are now dead thanks to a summer of zero volume...

...and?  OK NXT bagholders, don't answer all at once...

Hmm...scammy dead assets and no volume, or user-programmable smart-chain with massive volume?

What a tough choice!
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
September 15, 2015, 06:54:02 PM
Wallets are irrelevant compared to the Holy Grail of user-programmable Turing-complete smart-chains.

GUI girlfriend:



I prefer a GUI girlfriend in any case, but it's more than that it's like this:


Fullweight client girlfriend (Core client that requires all blockchain to be downloaded)





Liteweight client girlfriend (NXT has SUPERNET which is totally lightweight)



So you see, its not just that console girlfriend sucks, but there is a difference between lightweight GUI and fullweight GUI Cheesy Cheesy Cheesy

NXT has SUPERNET liteweight client, ETHEREUM has jackshit console obsolete technology pal Smiley
legendary
Activity: 2142
Merit: 1010
Newbie
September 15, 2015, 06:41:12 PM
the Holy Grail of user-programmable Turing-complete smart-chains.

the Holy Grail of user-programmable Turing-complete smart-chains.

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
September 15, 2015, 06:34:18 PM
Wallets are irrelevant compared to the Holy Grail of user-programmable Turing-complete smart-chains.

GUI girlfriend:

console girlfriend:


So you just discovered girlfriends like wallets?

Meh, girlfriends are irrelevant compared to the Holy Grail of user-programmable Turing-complete smart-chains.

Having a wallet didn't do anything to help Paycoin, and it won't save NXT either.

legendary
Activity: 2142
Merit: 1010
Newbie
September 15, 2015, 06:28:55 PM
doesn't lack of vol also indicate no ones using it as a currency  Huh

Maybe the opposite? A good mean of exchange is not converted into other currencies.
legendary
Activity: 1876
Merit: 1000
September 15, 2015, 06:25:41 PM
With vanishing volume

Volume is a bad indicator for 100% PoS coin because there are no miners who need to sell coins to pay electricity bills. Funny that you forgot this. Or maybe you didn't...

doesn't lack of vol also indicate no ones using it as a currency  Huh
legendary
Activity: 2142
Merit: 1010
Newbie
September 15, 2015, 06:19:54 PM
Wallets are irrelevant compared to the Holy Grail of user-programmable Turing-complete smart-chains.

GUI girlfriend:






console girlfriend:








member
Activity: 61
Merit: 10
September 15, 2015, 06:04:04 PM
Wallets are for the kind of noobs who don't understand why NXT failed. For now, they can just keep their ETH on Poloniex (with 2FA).
Just buy bitcoins and leave them on MtGox. Smiley

/* I know, I know. Don't feed the troll. But he's so amusing I can't resist. Cool */
legendary
Activity: 2142
Merit: 1010
Newbie
September 15, 2015, 06:02:25 PM
With vanishing volume

Volume is a bad indicator for 100% PoS coin because there are no miners who need to sell coins to pay electricity bills. Funny that you forgot this. Or maybe you didn't...
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
September 15, 2015, 05:50:54 PM
Anything NXT can do, ETH can do in a much more flexible, far less shady environment.
Any pictures of Ethereum wallet?

Guess what you'll find when you Google for images on "ethereum wallet"... Wink

Wallets are irrelevant compared to the Holy Grail of user-programmable Turing-complete smart-chains.  And I like CLI anway.   Wink

Wallets are for the kind of noobs who don't understand why NXT failed.  For now, they can just keep their ETH on Poloniex (with 2FA).

Everyone capable of making stuff for NXT is going to have a blast with ETH.

NXT is the cargo cult's bamboo version of ETH.
hero member
Activity: 504
Merit: 512
September 15, 2015, 05:39:48 PM
I don't understand why people say NXT is dead.

Obviously this kind of technology needs 5-10 years to develop.

NXT isn't dead, because it was never alive.  Nobody has ever used NXT for anything legitimate, scam assets notwithstanding.  And it's had over a year to shit or get off the pot.

In 5-10 years, NXT and everything it's built on will be obsolete.

With vanishing volume and zero actual use, who will pay and/or work to keep NXT's grotesquely bloated features updated with the latest tech until 2020 or 2025?

Face it, Ethereum ate NXT's lunch.  Anything NXT can do, ETH can do in a much more flexible, far less shady environment.  Plus ETH has a vibrant community and booming volume.

Well i`m looking forward to that, but until now they don't even have a GUI wallet, and if NXT is too hard to understand for laymen, then ETH is 1000x worse.

I just cant see mainstream people using console wallets. And the GUI wallet? It will be full of bugs for a long time, given the complexity of the ETH protocol.
member
Activity: 61
Merit: 10
September 15, 2015, 05:37:04 PM
Anything NXT can do, ETH can do in a much more flexible, far less shady environment.
Any pictures of Ethereum wallet?

Guess what you'll find when you Google for images on "ethereum wallet"... Wink

legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
September 15, 2015, 05:29:22 PM
I don't understand why people say NXT is dead.

Obviously this kind of technology needs 5-10 years to develop.

NXT isn't dead, because it was never alive.  Nobody has ever used NXT for anything legitimate, scam assets notwithstanding.  And it's had over a year to shit or get off the pot.

In 5-10 years, NXT and everything it's built on will be obsolete.

With vanishing volume and zero actual use, who will pay and/or work to keep NXT's grotesquely bloated features updated with the latest tech until 2020 or 2025?

Face it, Ethereum ate NXT's lunch.  Anything NXT can do, ETH can do in a much more flexible, far less shady environment.  Plus ETH has a vibrant community and booming volume.
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