Topic: Why NXT is such at low price if it's that amazing ? :(((((((( - page 2. (Read 3552 times)

So would a "decentralized Ripple" be a "huge step forward compared to bitcoin" ?

People just want to do fun stuff with their crypto.  Bitcoin and Litecoin are boring with huge block times.  I tried NXT and Counterparty decentralized exchanges, and they are cool.  Way funner and more interesting than bitcoin and Litecoin.  

But the moment I made a transaction on Ripple and it was executed as fast as E-Trade, I realized that Ripple was the front runner to disintermediate Wall Street because it felt like I was on Wall Street.  That is why it is #2 in the world right now.

People got rich on Bitcoin because it disintermediated Western Union.

If you want your coin's market cap to hit $1 billion, then your coin must disintermediate some business.

What business model is your coin disrupting?  Ripple is looking to disintermediate Wall Street because its transactions are as fast as Wall Street's.  If your coin's transaction times are not as fast as E-Trade's then your coin is not going to take much of their pie.

Ripple's only 2 downsides are that it is centralized and has counterparty risk which BitShares solves while keeping those E-Trade speed block times.  Yet BitShares trades at roughly 2x Stellar (which is still centralized with counterparty risk).  Talk about cheap.  

NXT is cheap too, but I don't know what particular business it is currently disrupting (providing an equal or better experience).  People don't really care about privacy or centralization, in fact, they like trusting people like the Winklevii who are competing with Ripple as the fast front end when trading bitcoins.  BitShares is competing with them too at the same transaction speed, but you also get a trustless environment where you cannot get Goxed.

Ripple and BitShares are the top 2.0 coins because they feel like E-Trade.  NXT and XCP are competing for a different market, I'm not sure what that market is, but it ain't the Wall Street HFT environment.  

Traders are high octane people who don't have time to wait because time is money.  Do you think that the Wolf cares that his trading platform is centralized?  

https://www.youtube.com/watch?v=iVJYS1L1snA

Hell no, that is why he will be using Ripple and not BitShares, NXT, or XCP.  Just a few months ago, Ripple was like 1/50 of bitcoin's market cap.  a few weeks ago it was like 1/4.  

People talk a lot about NXT and BTS, but they overlook Ripple which is the benchmark for Wall Street disintermediation.


Now if they are looking to snatch a piece of some other business pie, then I'd love to hear the pitch....

Just because Ripple is centralized don't mean that people don't love it.  I thought that the MT Gox incident would drive people to BitShares and NXT, then after BitStamp, I thought the same thing, but the bottom line is that only Libertarian freaks (NXT,BTC,BTS) care about decentralization and privacy.  Which is why Rand Paul coin got invented.

So what we are all saying is that if Ripple was decentralized and counterparty risk free, then there would not be any need for NXT or XCP or BTS.   I sure as hell wouldn't own anything else.

because a lot of people are bailing from crypto. Holding out hope for real dev teams like Ethereum, NEM, Storj, Counterparty and Nectar to turn things around (NXT seems good too, but all that talk of bad distribution has been a real noose around its neck). Otherwise, it's a desert out there - too many people have been scammed, too many broken promises. And bitcoin's not making any real headway in consumer adoption.

Nope.  The ironic thing is that many of the NXT whales itself didn't believe enough in NXT to hold it, hence them dumping each time NXT shows any indication of a rebound, and yet you expect others to believe?  

 and this has been demonstrated / repeated several times and it has all but scared away any potential buyers.  Proof of Beluga Caviar.

Why would they give favourable press coverage to a coin which is plagued with large scale thefts and manipulation?  As Jeff Garzik said:  there is a probable backdoor in NxT

You  may hate coindesk, but you can't deny it's one the main press source for people in crypto world

4/These stakeholders got a huge ROI, some had more than 10 million coin and still have it whereas they could sold it for almost 1 million $ at the higher price, so I guess they truly believe in the technology for just hodl.

You  may hate coindesk, but you can't deny it's one the main press source for people in crypto world

Since I have seen how they ommit NXT I understand they are really partial and I get my crypto information on other sources now.

But anyway a lot of investors read coindesk and only coindesk and thus won't invest in NXT until they read other press.

[...]
For money you can **** Coindesk in any position from Kama Sutra, if you think that an article in Coindesk would be good for marketing then think again. 

Amazing? 100% premined coin was selling for 200 satoshi in Jan 2014.

It's good that Coindesk doesn't publish articles about Nxt. For money you can **** Coindesk in any position from Kama Sutra, if you think that an article in Coindesk would be good for marketing then think again. 

The only bad thing about NXT is his bad press look at coindesk almost no article about NXT.

wtf why

Imo, Nxt do not need bitcoin to sucess. Altouht it would certainly help.

No. "No one" cares about Bitcoin yet, why should they even care about an altcoin.
If NXT is a success Bitcoin needs to be a success first.

NXT is supposed to be the nextgen coin with a new system right ?

Who is paying these guys, and how much money are they making? 

When I saw the original Nxt ANN thread here on bitcointalk, I immediately sold my miner (it's in my post history). The idea was just too good for my miner.