the real good investment is Nxt.
My first rule when investing is not to invest funds with an obvious scammer.
I will respect that rule, even if the proposition appears attractive by all rational, objective criteria, because I have learned from hard experience that a truly corrupt person can think of more ways to steal money from people in the course of a pleasant spring afternoon than I could ever hope to imagine in a lifetime, not being trained to think in this manner.
(In fact I have gone to great lengths to train myself NOT to think in this manner, lest I should be tempted to pursue a particularly lovely idea at some point, elegant ideas being so dangerously, intrinsically compelling.)
Reality is not a stark as the terms I will use here.
There is gray, there is color, and I describe things in black-and-white, polarizing terms.
I do that to clarify and highlight the issues I consider dispositive.
You might consider other factors dispositive.
Nxt is a premine scam. They generally end up like ripple, like bytecoin - most do not fare as well as those pathetic cases, in fact.
I think that in a democratic society, or common law, people who perpetrate these things would be criminally sanctioned.
Nxt is a very good premine scam, better than ripple, even - far and away better than bytecoin.
Mussolini was an extremely good dictator, but that would not make me buy his soap.
Nxt doesn't have any actual reason to exist.
There is nothing in the 2.0 apps which Nxt has now or in the pipe which requires creating a new currency.
Therefore, the only function of the currency is to take money from suckers and give it to the founders.
There are honest and accepted ways of capitalizing a venture, but they chose to use deceit instead.
I might scalp Nxt for a quick buck, but holding would actually enrich these people. who are morally incompetent, whether by idiocy or by criminality, so I won't do it.
Moreover, I can't construct a scenario in which Nxt retains long-term value.
It just doesn't add anything.
The Nxt software looks quite useful and good.
It will be reformulated to work without Nxt currency, if it demonstrates its value in practice.
The only good use of currency is for currency functions: Exchange, transmission, and storage of value.
Currencies are not a way to lever a distributed database or transaction protocol into a tool for sucking money out of other people's pockets.
That said, you may do well in Nxt, if you time your entry and exit well.
I would advise against it for both pecuniary and moral reasons.
)... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....
