Premine scam. That's why!
i dont get it.. why?
Topic: Why is NXT not the number 2 coin? - page 9. (Read 16884 times)
Premine scam. That's why!
NXT isn't the number two coin because NXT is the #1 coin... NXT has no competitors... NXT is the future... You can't stop it!
You got something brown on your nose 
NXT isn't the number two coin because NXT is the #1 coin... NXT has no competitors... NXT is the future... You can't stop it!
Yet your other investment isn't?
Guerburglar won't save you.
the platform is loaded with stuff and i must agree it can be confusing. but we are just waiting for ppl to make use of the platform properly...
the plugins extensions for nxt is only 1 month old... now it's just waiting for devs to build out decentralized apps on it.
voxelnauts mmo game is pretty awsome using the nxt blockchain..
the plugins extensions for nxt is only 1 month old... now it's just waiting for devs to build out decentralized apps on it.
voxelnauts mmo game is pretty awsome using the nxt blockchain..
I love NXT, but it's too complicated, people don't get it. I get it, but I also understand that my 3 month old twins need to crawl before they walk. Crypto is just crawling right now, established coins such as BTC, LTC, PPC, will reign for the next 1/2 decade (If at all). As people become more familiar and used to a world where banks are a dying breed, NXT is going to be LEGIT.
Says the dude wearing his coin as a hat...... 
biggest scam ever
hands down..
its the most robust and feature rich crypto-currency platform as of today vs everything else... yes even bitshares, counterparty, ethereum (wth is it?)
screw the coin...if your going to baby over the initial distribution...
I'm betting on the platform....
The developers are smart to stay out of the spotlight and be anonymous when creating this monster... Can you imagine if ethereum or bitshares or ripple were to disrupt some big government agency or corporation? Who are they going to go after? Yes the transparent creators... we know who they are easily and they are a direct target... Look at Ripple getting in trouble with the SEC, now they are "forced" to collect user id data.... Imagine if they did that to Vatlik of ethereum or the creator of bitshares once more people hop onto that platform... its a losing battle to be transparent as the creator of a coin.
Anyone that thinks its still a scam must have never installed it or has their own agenda. if it was a scam.. its the worst god dam scam ever, because they were only able to swindle 21 btc initially and they have a HORRIBLE marketing problem... barely anyone knows about it....
--nxt is the worst scam ever--
or
--nxt is the most undervalued platform ever--
its the most robust and feature rich crypto-currency platform as of today vs everything else... yes even bitshares, counterparty, ethereum (wth is it?)
screw the coin...if your going to baby over the initial distribution...
I'm betting on the platform....
The developers are smart to stay out of the spotlight and be anonymous when creating this monster... Can you imagine if ethereum or bitshares or ripple were to disrupt some big government agency or corporation? Who are they going to go after? Yes the transparent creators... we know who they are easily and they are a direct target... Look at Ripple getting in trouble with the SEC, now they are "forced" to collect user id data.... Imagine if they did that to Vatlik of ethereum or the creator of bitshares once more people hop onto that platform... its a losing battle to be transparent as the creator of a coin.
Anyone that thinks its still a scam must have never installed it or has their own agenda. if it was a scam.. its the worst god dam scam ever, because they were only able to swindle 21 btc initially and they have a HORRIBLE marketing problem... barely anyone knows about it....
--nxt is the worst scam ever--
or
--nxt is the most undervalued platform ever--
or a decentralized torrent aggregator
Something like they're trying to build here? https://nxtforum.org/general-discussion/nxttorrents-my-efforts-updates-and-need-help/or a decentralized torrent aggregator
Something like they're trying to build here? https://nxtforum.org/general-discussion/nxttorrents-my-efforts-updates-and-need-help/
or a decentralized torrent aggregator
Until one of those 'unimportant technical differences' enable a killer app for that cryptoplatform. Like eh... poker.
Technology is only one part of the game, there are so many other factors involved.
That's very true. People often don't care about the technology.
I second this. The technical differences between various alts, and between alts and btc, is wholly insignificant right now.
Technology is only one part of the game, there are so many other factors involved.
That's very true. People often don't care about the technology.
But this network does not erradicate the costs of mining. Because of the high costs, miners will mine only for profit. For now, they can make profit with the coins that are generated, but with the "cost" of a continous "natural" bear market because coins are sold and drive the price down. So there is actually a high "hidden transaction cost" still not reflected in TX fees.
Yes , although the tx cost is being subsidized by speculators temporarily it simply is high because the 7tps limit and low tx volume. When the tx's start increasing multiple times over the cost of mining will be driven down substantially. Whether the price is brought down because the blocksize limit increasing, lightning network, interchannel payments, off the chain txs, or other solutions doesn't ultimately matter .
For now, you are right. But my theory is that a PoS coin will seriously threat Bitcoin's leadership in the cryptocurrency world in the coming years. Bitcoin's transaction costs are pretty high because of mining, only that for now the price boom has "hidden" this fact. Now probably we are seeing the actual bear market as a consequence of the freshly mined coins being sold. Nxt and other PoS coins don't have this problem and thus can offer smaller transaction costs.
The lightning network will significantly reduce Tx costs on the bitcoin network, allow for instant confirmations, remove blockchain bloat, and allow Bitcoin to scale to Visa levels of TPS.
Look into it:
https://bitcointalksearch.org/topic/lightning-network-another-proposal-to-make-bitcoin-scale-970822
http://www.coindesk.com/could-the-bitcoin-lightning-network-solve-blockchain-scalability/
There are some really smart people working on it and it really isn't that difficult to implement (soft fork and some Tx malleability corrections that need to be done anyways)
But this network does not erradicate the costs of mining. Because of the high costs, miners will mine only for profit. For now, they can make profit with the coins that are generated, but with the "cost" of a continous "natural" bear market because coins are sold and drive the price down. So there is actually a high "hidden transaction cost" still not reflected in TX fees.
In some years, the block reward probably will not be enough for miners to be profitable, so miners will have to rise the minimum transaction fees. The only other scenario I can imagine is that miners massively will leave the boat and the system will become less secure because an attack is less costly. A price rally only postpones the problem to the future. Even the most steep rally some day will come to an end and then all these problems will appear with even more dramatic consequences.
NXT, PPC, SLM, NEM, BTS and all the other PoS, PoB, PoI coins do not have this problem. NXT can offer 1-nxt-transaction fee forever and probably even less when price goes up.
the question really comes down to what is the minimum viable amount to make it an incentive to support the network by setting up a node.
Securing your existing investment and protecting your right as a currency holder to economic self-determination against centralized entities.
If the NXT network produces a block every 100 seconds and each block is half full, the tx fees per day will be ~110k which amounts to over 40million NXT spent in tx fees per year. This amounts to a 4% profit per year for all forgers if everyone forges.
100% block utilization = 8% profit
50% block utilization = 4% profit
25% block utilization = 2% profit
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