give it time... its still relatively new and most ppl haven't even installed the client...
what did you expect? for it to keep going up?
Topic: Why is NXT not the number 2 coin? - page 7. (Read 16958 times)
So in a year and a half it was not possible to sustain the price, only needing to find pocketchange to do so.
Scary
Scary
Well you can say the same for Bitcoin, can't you?
So in a year and a half it was not possible to sustain the price, only needing to find pocketchange to do so.
Scary
Scary
The value of a coin is attained from how well that coin serves its intended purpose. Bitcoin serves its intended purpose (transaction network) well so it has value, NXT on the other hand does not have a set purpose. What is NXT trying to do? Challenge bitcoin? Become king of POS? Until NXT has a clear purpose and people use NXT for that purpose NXT wont gain real value.
Here's an example of what you can do with NXT:
http://cointelegraph.com/news/114814/greek-island-trials-digital-currency-solution-to-boost-economy
Nxt (the technology) does have a set purpose: to provide a set of tools that enable crypto-currency users to create their own projects.
NXT (the currency) is simply the fuel to power the Nxt system, and it will inevitably gain value as more projects utilise the Nxt blockchain.
The value of a coin is attained from how well that coin serves its intended purpose. Bitcoin serves its intended purpose (transaction network) well so it has value, NXT on the other hand does not have a set purpose. What is NXT trying to do? Challenge bitcoin? Become king of POS? Until NXT has a clear purpose and people use NXT for that purpose NXT wont gain real value.
No I don't think NXT is trying to challenge Bitcoin, that's why I wrote in my post above that every bitcoiner should owe some NXT since these two cryptos are in a completely different ball park in my opinion.
Bitcoin is a currency, NXT is a financial platform. Bitcoin essentially allows you to send tokens from one to another person and even this is hard to believe for the ordinary Joe. Wait until this ordinary Joe gets used to this! This is called adoption! Wait also until this ordinary Joe doesn't realize that he can do 20 different things with NXT! I will ask you about the price then.
So yeah, NXT doesnt have a user base large enough at the moment. This is essentially BTCs job, to brake the ice first. In that context, NXT and BTC are accomplices, not opponents.
Also it is good that NXT doesn't show its real value at the moment. This allows for the features to be rolled out in the amazing pace, something BTC will never be able to do because of its size, I mean look at the block size debate, BTC is just over conservative, which is normal if we consider risk of changing things at this moment.
The value of a coin is attained from how well that coin serves its intended purpose. Bitcoin serves its intended purpose (transaction network) well so it has value, NXT on the other hand does not have a set purpose. What is NXT trying to do? Challenge bitcoin? Become king of POS? Until NXT has a clear purpose and people use NXT for that purpose NXT wont gain real value.
NXT is easier to understand than BTC.
You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that.
I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments.
You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that.
I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments.
the whole local host thing (not sure if you still need to do that) is confusing for many.
It got a lot simpler. Run nxt.exe and click the new icon in the tray, open the wallet (in the browser). No more scary black cmd-boxes...
Quote
Also byt has many wallet and platform options that give is a ver bi advantage and can be effectively recast for various segment of users.
Yes, NXT is still quite young, there are only a couple of wallets at the moment.
Quote
The wallet.dat makes people fell they have wallet and ownership that perhaps the cloud does not convey.
Made me feel rather nervous, reading about having to back it up on usb-sticks, what if my usb-sticks gets corrupted, what if my disk crashes, \
The average user is used to cloud-services. Online banking, online file storage, online everything. All just a bookmark and a password away.
I agree the cloud may be more resistant and redundant thus safe and accessible (I like both). its just a file called wallet on usb stick is a metaphor to their own wallet they pick up, and it allows them to segue into the realm of cryptos.
Just like every other coin, NXT has its problems, nobody's perfect. If we put this aside, and if we value technology, also if the development keeps current pace in the upcoming years, NXT will make it for sure.
NXT and Bitcoin are quite different beasts and every bitcoiner should have some NXT aside. NXT is a platform, Bitcoin is a currency and this is an important distinction.
Why is NXT not a number 2? It is young and crypto world is too damn narrow minded. When this crypto thing gets rolling and when general public gets deeper into this, don't worry, NXT will easily soar to the new heights and it will be number 2,at least!
NXT and Bitcoin are quite different beasts and every bitcoiner should have some NXT aside. NXT is a platform, Bitcoin is a currency and this is an important distinction.
Why is NXT not a number 2? It is young and crypto world is too damn narrow minded. When this crypto thing gets rolling and when general public gets deeper into this, don't worry, NXT will easily soar to the new heights and it will be number 2,at least!
Why is NXT not the number 2 coin?
Because there are 6 or 7 coins with larger market caps (if you accept the method of calculation).
Because there are 6 or 7 coins with larger market caps (if you accept the method of calculation).
With the current spam attack with Bitcoin.. it would be interesting if Bitcoin switched over the NXT as a MScoin while everyone can still redeem their existing Bitcoin for the MScoin equivalent and also mining can still continue on top of NXT using Monetary System mining and pick a harder ASIC resistent algo... effectively putting out the centralized mining companies out of business instantly.
this would a crazy game changer if it were to ever happen.
Thoughts?
this would a crazy game changer if it were to ever happen.
Thoughts?
NXT is easier to understand than BTC.
You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that.
I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments.
You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that.
I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments.
the whole local host thing (not sure if you still need to do that) is confusing for many.
It got a lot simpler. Run nxt.exe and click the new icon in the tray, open the wallet (in the browser). No more scary black cmd-boxes...
Quote
Also byt has many wallet and platform options that give is a ver bi advantage and can be effectively recast for various segment of users.
Yes, NXT is still quite young, there are only a couple of wallets at the moment.
Quote
The wallet.dat makes people fell they have wallet and ownership that perhaps the cloud does not convey.
Made me feel rather nervous, reading about having to back it up on usb-sticks, what if my usb-sticks gets corrupted, what if my disk crashes, etc.
The average user is used to cloud-services. Online banking, online file storage, online everything. All just a bookmark and a password away.
NXT will breakout soon and the FOMO will start. New ATH easy. Stay tuned 
Maybe, but Nxt has been down this road before. Pumped, excitement crests with the price, after which it sinks. Call me a stick-in-the-mud, but the long-term chart still says Nxt is in a long-term trading range. Better to buy below 5000 satoshis, or as close to 5000 satoshis as you can get. Unless you need some in a hurry.
NXT is easier to understand than BTC.
You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that.
I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments.
You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that.
I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments.
the whole local host thing (not sure if you still need to do that) is confusing for many.
Also byt has many wallet and platform options that give is a ver bi advantage and can be effectively recast for various segment of users.
The wallet.dat makes people fell they have wallet and ownership that perhaps the cloud does not convey.
NXT will breakout soon and the FOMO will start. New ATH easy. Stay tuned
NXT is doing ok
considering when it was released, and the initial distro its doing very well.
NXT is a bit of a swiss army knife and its really good, but that makes it hard for a lot of people to understand
considering when it was released, and the initial distro its doing very well.
NXT is a bit of a swiss army knife and its really good, but that makes it hard for a lot of people to understand
i see. didnt know quora had similar stuff... they don't seem that active...
Qora is dead.
i see. didnt know quora had similar stuff... they don't seem that active...
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