Topic: Poll result: NXT is a proper cryptocurrency - page 5. (Read 24859 times)

So you are implying the INTERNET is a scam?

It's just a silly cable and wireless network that connects billions of computers and devices. What a piece of crap, surely nobody will want this.

But then when you build websites on it, apps, decentralized networks, NXT, SUPERNET...etc?

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Do you realize that this process is called EVOLUTION , you are also built from tiny cells that are worthless alone, but together they make up your body!

Unless they are crazy and gullible like Anonymint, why would anyone build an asset that needs NXT to act as a gateway?

NXT is obsolete tech from the stone age of crypto.  The platforms of choice this year are ETH, rootstock.io, Bitshares, and others.

The only thing still being built on NXT is SuperNet. 

And all SuperNet can be is a gateway to more interesting projects, that will be built upon it, and thats why its interesting.

Sound familiar?   

Once the SuperNet scam ends, NXT is just abandonware.

Disagree here. Early investors had already a chance to dump in 2014, if they dont dump now, thats because they are for long term.

Volume drop = those that were mining are selling the NXT since they are making less profits, while those that hold big bags (the early guys) will make more then. The early guys have no incentive to sell if they held for so long, they can make 1000$ from mining if they hold a bag big enough.

If you are worried about scams, then you should know that the cost of scam is rising, thus making it less cost -efficient. You need to make the cost of scam so expensive, then nobody will do it.

Or just hire some review sites to review the instruments if you are so worried about scams. Everybody should to due diligence, if they dont then its their fault.

The sheep has to have sharp eyes too or get eaten by wolf.

I understand this pitch and the angle that NxT is attempting to promote as I have already discussed. There are other projects attempting to do the same but I won't waste your time as I am not here to pick sides but discuss some salient facts and concerns.

NxT has no inflation and thus a drop in volume and marketcap in relation to BTC can only mean one thing...adoption is being outpaced by early investors selling coins for assets and/or other coins.  

This wouldn't be so bad if some of these NxT assets represented interesting projects but most of these assets (including many BTC cryptoequities) represents scams and fraud.


People should be wary when listening to someone pitch distinctions in cryptocurrencies with marketing nonsense like  Cryptocoin 2.0 and  Cryptocoin 3.0. This is much akin to people using ambiguous marketing terms like "cloud computing"

The correct vote is an obvious no. The only people who voted yes are upset they missed the IPO boat. I am upset I missed the boat too, but I at least I can humbly admit it. Nxt was crowd funded at a time where multiple scam coins/IPOs were being released daily. It is not their fault only a few community members found merit in their vision, and trusted in the implementation of that vision.

Nxt has been one of the most innovative developments in Cryptocoins in recent years. Not only in terms of innovation, but in terms of implementation too. A lot of white papers and idea have been published, and occasionally they are make it to a public release. It is rare that an idea is actually implemented and released to the public efficiently.

Cryptocoin 1.0 was Bitcoin, Peercoin, Devcoin, Namecoin, Litecoin, Freicoin, Etc. (insert all coins here that copied Bitcoin/Litecoin code and changed a few parameters and the name)

Nxt was on the front-wave of initial Cryptocoin 2.0 releases. I consider the Cryptocoin 2.0 wave to be pretty much over by now. Cryptocoin 2.0 was projects that enhance Bitcoin in a major way rather than just changing the name and parameters. Other 2.0 projects include Mastercoin, Nxt, Bitshares, Maidsafe, Ethereum, Dash, CryptoNote Coins, VPNCoin, Ripple, Cryptonite, NuShares, Vericoin, Myriadcoin, Hunter Coin, etc.... Cryptocoin 2.0 encompasses all Cryptocoins that were the first to innovate and/or improve Bitcoin (or another cryptocurrency) in their own unique and innovative way.

IMO- now we will see many Cryptocoin 3.0 projects popping up with improvements to core 2.0 technologies and/or Cryptocoins which efficiently combine multiple Cryptocoin 2.0 technologies. We are already seeing improvements on 2.0 technologies with things like Confidential Transactions, networks that can process a high number of transfers per minute, etc. Also already existing/in development Cryptocoin 2.0 projects with innovations such as value-pegged Cryptocoins, decentralized markets, email, chat, web hosting, file sharing, securities issuance, privacy, games, smart contracts, blockchain trimming, etc.... I speculate Cryptocoin 3.0 projects will have all of these features merged into one Cryptocoin.

Some Cryptocoin 1.0 projects will transform into Cryptocoin 2.0 projects, and some Cryptocoin 2.0 projects will transform into Cryptocoin 3.0 projects. I see Nxt as being in a good position to be one of those that merges into a 3.0 project, as they are already well on their way with all of the features it has. There have been very few development teams that have walked the walk around here, and Nxt is one of those few.

NXT will be the gateway to their assets.

Plus you forget about the other features like :alias, market ,built in dice and other perks.

NXT doesnt necessarly have to be a standalone currency, but it can be a gateway to more interesting projects, that will be built upon it, and thats why its interesting.

So NXT will really have intrinsic value, that many gold shills found lacking of Bitcoin.

With a public offering. Those 73 founders had to buy their initial NXT with bitcoin. The hope was that 73 people was large enough to avoid problems of being too few (eg, collusion, all apples in too few baskets), and small enough to avoid the problems of being too many (eg, bystander apathy). One problem with distributing to many more people is that they tend to sit back and let someone else make the coin valuable. If you give it to them for free, then they naturally consider it worthless. What's needed is people who will be active, in funding development, marketing etc.

Steps were taken to prevent that. (This wasn't publicised at the time, for obvious reasons.)

That said, I don't think anyone has ever done a taint analysis on the Bitcoin. It's not too late; the information is in the blockchain. It would be interesting to see whether the BTC used to buy initial NXT did come from related wallets.

Of course Nxt can rebound. One difference between NXT and ETH/BTC however is that NXT has 0 inflation while BTC/ETH have 8-9% inflation. The fact that Nxt's market cap , tx volume, and price compared to BTC has been deteriorating without the costs of PoW and inflation should be troubling. The data right now indicates that early investors are dumping their coins for other assets or coins. Whether or not this trend will ever reverse is dependent upon adoption exceeding the coins being dumped on the exchanges by early bagholders. Since NxT doesn't seem to be focusing on merchant adoption much and appear to be marketing it as a financial platform , than the only hope they have is some "bank" adopting their blockchain and bringing it mainstream, which IMHO is a risky bet as banks tend to be focused on creating and controlling their own products.

NXT is totally decentralized, and free to use for anybody. I`m not sure the other services if they charge you or, require some verification first.

NXT is the true descendant of Bitcoin.


The steady price decline is exactly caused by these FUD posts of yours and other FUD-ers, so I`m not sure if there is some conspiracy agains NXT or you guys are professional shills. I also poined out that NXT has horrible marketing, but that will soon change , I saw a big NXT marketing project coming soon, so wait to see where the price will go.

Plus it's not like you cannot rebounce from a steady decline, look at ETH example, so NXT will be fine:




NXT can easily rebounce from it's decline, just as BTC or ETH did.

great, and here comes the confirmation.

...If they had put NXT on the Acceptable white-list, you would be singing their praises...

arg... you where 10 sec. faster 

No, I would not. This is your 2nd logical fallacy in the row, show us your mastery and post the 3rd one. I double dare you.  

The only reason you resent devtome's expertise and choose to denigrate it as "authority" is because they put NXT on the Bad Idea shit-list.

If they had put NXT on the Acceptable white-list, you would be singing their praises.

Besides, devtome didn't just say 'believe us because we're devtome.'

They laid out the facts to support their conclusions.

Here, I'll quote them again.

http://devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#nxt


#R3KT

hmm...to much honor. servants doesn't have a need or using logic, otherwise they wouldn't be servants or not?

Classical argumentum ad verecundiam, my favorite logical fallacy!

you haven't answered my question and the old one ( remember titty twister? ) neither.
however, good to know you need third parties who tells you what to think and todo.
this is enviable in some kind. although, perhaps not so much.

I think devtome's definitive investigation of altcoin instamines put NXT in the "Extreme Caution: Coins That Are Bad Ideas For Investment or Usage" shit-list.

That same report puts Monero in the "Acceptably Mined" white-list section.

http://devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#nxt


#R3KT

Compare NXT price to another currency and you will see that for some set of currencies price of 1 NXT grows. Here drops, here grows, what do we get in average? Haha, right, stability.

some brain gym for you. which one is more stable in terms of average/deviation, what do you think?



hint, one is your monero, the other one is?

Yes, let's look at the data.



The only sense in which NXT is a "stable currency" is if you consider the stability of its uninterrupted steady decline over the last 15 months.

Ethereum and rootstock.io make NXT as obsolete as buggy whips.

I've looked at the NXT distribution very hard over the last 2 years.....had to, I needed to know if the allegations against Nxt were true before I stepped in.
IMHO: the initial distribution was (possibly) flawed, but it was completely fair. I've had contact with almost all of the large NXT stakeholders (the 8 who all donated 1 BTC each, giving them 50 million NXT), and there is no sign of a conspiracy, anything in common or even much contact between them....we've even had 2 of these guys step out of Nxt in a 'blaze of glory' and neither of these defectors (if I can call them that ) had any conspiracy to report.
I've also spoken with dozens of smaller stakeholders...same story.

There is no hidden puppetmaster or grand conspiracy behind Nxt, sorry.
Use Occams Razor on this:
Which is more likely: that Nxt is an elaborate scam that is so incredibly well-thought out and executed that there is absolutely no evidence available, even after 2 years,
or that Nxt is precisely what it says on the box; a genuine, and very effective, 2nd generation crypto-currency ?

BTW: if anyone wants to check out the NXT distribution, here's a relatively current top 500:
https://drive.google.com/file/d/0B4OEA-peIYHXeGpmOE0wNlQyYWM/view?usp=sharing