What happened to Nxt millionaires? | Bitcointalksearch.org

From Above

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Quote from: gentlemand on June 26, 2016, 12:45:44 PM

Looks like their moment in the sun is returning. I wonder how many stuck around and how much better the distribution is now. If this new coin depends on wallet balances it may get considerably worse. There's a ton of ETH money looking for a home.

I guess NXT has always been one of the best projectz when it comes to da tech, it's pretty awesome actually --well, the initial distribution is another part of it and this is the parting of the ways...

just like with Moanero--although not that bad by any means--I really don't like a few ppl of their community but that's another story

~CfA~

Ayers

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they sold their coin, or waiting to move them on nxt 2.0, you can see the project here, called ardon if i remember right, i remember also one guy that was like the god of nxt selling here his stash because he was not believing anymore in his coins

killerjoegreece

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on a sidenote burstcoin is based on nxt

gentlemand

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Looks like their moment in the sun is returning. I wonder how many stuck around and how much better the distribution is now. If this new coin depends on wallet balances it may get considerably worse. There's a ton of ETH money looking for a home.

From Above

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Quote from: tastyhaze on June 26, 2016, 12:29:18 PM

Quote from: LiberOptions on June 07, 2016, 01:49:59 PM

I don't know if anyone got lucky and became a millionaire with Nxt... I do know that a lot of people amde some money but they didn't got rich.

LOL you must be joking my friend.

The initial investors of NXT, especially those few that invested like 1 BTC got VERY much rewarded with riches indeed, definitely millionaires.

I think it's the biggest story of gain there ever was in crypto land - only NEM comes close in gains (but not as "overnight" as NXT).

~CfA~

tastyhaze

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Quote from: LiberOptions on June 07, 2016, 01:49:59 PM

I don't know if anyone got lucky and became a millionaire with Nxt... I do know that a lot of people amde some money but they didn't got rich.

LOL you must be joking my friend.

https://i.imgur.com/kJDggFm.jpg
https://i.imgur.com/H3A5nbU.jpg

Enjorlas

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Quote from: Tinus on June 26, 2016, 07:35:34 AM

reading this is quite funny, considering nxt's to the moon right now

The moon? No, not quite. More like on a gentle hill. The moon will come later.

Tinus

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reading this is quite funny, considering nxt's to the moon right now

LiberOptions

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I don't know if anyone got lucky and became a millionaire with Nxt... I do know that a lot of people amde some money but they didn't got rich.

wwdz99

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NXT actually be undervalued,what a pity!

durerus

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Quote from: DecentralizeEconomics on June 07, 2016, 05:54:28 AM

Quote from: durerus on June 06, 2016, 10:50:15 AM

That user needs NXT to spend his MS token.

Really? That's the "big flaw"? That a user has to pay a tx fee in NXT? NXT is supposed to be a transactional currency.

The big flaw is bloat and scalability.

Moneroman88

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Quote from: DecentralizeEconomics on June 07, 2016, 05:54:28 AM

Quote from: durerus on June 06, 2016, 10:50:15 AM

That user needs NXT to spend his MS token.

Really? That's the "big flaw"? That a user has to pay a tx fee in NXT? NXT is supposed to be a transactional currency.

The anonymous characater DecentralizeEconomics aka 2Kewl4Skool is still posting. Congratulations on winning against the ban evasion.

You really are special but still not noteworthy.

d5000

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Quote from: DecentralizeEconomics on June 07, 2016, 05:54:28 AM

Quote from: durerus on June 06, 2016, 10:50:15 AM

That user needs NXT to spend his MS token.

Really? That's the "big flaw"? That a user has to pay a tx fee in NXT? NXT is supposed to be a transactional currency.

I think it's a serious usability flaw, and it seems to have made unattractive the NXT monetary system.

For regular (non-technical minded) users, a currency that needs an auxiliar transactional currency to work is way more difficult to understand than a system where the fees are in the same currency. Every MS Currency user must have two accounts to be able to send transactions. Imagine MS game currencies: Most gamers don't care about cryptocurrencies (they're often very young), and they shouldn't have to understand it in detail to use it.

So the "fee-in-MS-currency" approach of NXT 2.0 seems superior to me than the actual approach.

DecentralizeEconomics

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Quote from: durerus on June 06, 2016, 10:50:15 AM

That user needs NXT to spend his MS token.

Really? That's the "big flaw"? That a user has to pay a tx fee in NXT? NXT is supposed to be a transactional currency.

ShroomsKit_Disgrace

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Yeah! I hate ShroomsKit!

So, is this thread summarizing the currently (and probably future) feeling about NXT?

durerus

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That user needs NXT to spend his MS token.

DecentralizeEconomics

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Quote from: d5000 on June 05, 2016, 05:43:44 PM

the NXT transaction fee is a big flaw. That's why Nxt 2.0 is being developed.

I'm curious as to what the "big flaw" is?

d5000

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Quote from: gentlemand on June 05, 2016, 06:12:33 PM

It took six hours to get them on an exchange. Dunno if that was the exchange's fault.

I guess that should have been a problem with the exchange. I have also used NXT many times and this never occured to me. Most of the NXT I sent to or from an exchange in 30 minutes (often in 15 or less) were there and had the necessary confirmations.

There was, some months ago, a problem in the blockchain related to the difficulty that led to a timeframe between blocks of 10 to 20 minutes (only for a short time lapse). This problem has apparently been fixed now (I think it was in NXT 1.7).

gentlemand

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Considering I hardly ever remember seeing daily volume more than a few tens of thousands of dollars I think we're mainly talking paper millionaires. Having said that it would still have been a very, very nice drip feed of profit while it lasted. I used NXT for a while. Being a non techno weenie I found it pretty agonising to use. It took six hours to get them on an exchange. Dunno if that was the exchange's fault.

d5000

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Quote from: K210 on June 03, 2016, 11:00:25 AM

NXT has no real world applications for the average user

That is nothing that cannot change from one moment to another. In my opinion, NXT is simply in a little depression, like Bitcoin in 2014.

NXT is not only "financial tools" and "asset exchange". There is also the Marketplace, the first working decentralized marketplace for non-financial goods and services (or payment processor, like you want) of all cryptocurrencies. There is Coin Shuffling.

Also the "monetary system" is not a bad idea. It can be used for games or by businesses. Sure, the NXT transaction fee is a big flaw. That's why Nxt 2.0 is being developed.

Regarding "real world shops", there is really a deficit, but that can change. NXT is still integrated into the CoinPayments payment processor which makes adoption very easy.

(And no, I'm not a NXT millionaire Wink

)

Topic: What happened to Nxt millionaires? (Read 2746 times)