Bitcoin Forum

Let's have a real sophisticated conversation here guys.

Is NXT (AT) a threat to Ethereum? or Vice Versa?

Explain your reasons.

I personally will not give my own opinion at this time, and remain neutral.

Sure.

Spider-Man vs Iron Man, which one would win?

At this moment NXT is far better. Especially because of it's up and running while Ethereum is still in development :). I guess NXT will be able to keep it's technological superiority for a while, because of AE, marketplace, voting, monetary and plugin systems are already there, tested and proven working. In addition Supernet-Multigateway and coin shuffling are both only few steps away. I think later this might change as IMO more money and resource will flock to Ethereum.

Threat? I don't think so. There are more than enough "living-space" for two competing systems (actually there's enough space for many more), so I'm expecting some healthy competition what will be good for both solutions.

Ethereum has more sophisticated tools, a more robust language and more backing by entities outside of crypto.

Ideal would be AT into bitcoin but we all know that isn't going  to happen ...

both, dont worry

Well, NXT doesn't (yet) have AT whereas Etherium does, so that's a factor?

different project. no comparison there.

I like NXT but I do feel like ethereum is direct competition to NXT, I do agree that there is enough space for both, but I can imagine, negative effect on NXT price short-mid term.

I would choose nxt as I have some nxt and I don't have any eth. ;D
                                                                               

NXT better do something ASAP!

If NXT doesn't get bought or invested in heavily with like $10,000,000 then it's over for NXT within 6 months. NXT is ready to be used. That's all it has going for it.




Ethereum is far superior.

what are some things ethereum can do that nxt can't as of today? can you list out some pros and cons for each?

Get millions of dollars in funding, media coverage, interest of big companies and banks + 36000 views on their youtube video.

No need to compare them. They will both fail.
NXT is already not taken serious by anybody.
Ether is already a scam, Vitalik Butterin will run with all the startup money. LOL!

The future is, well, you know, Bitcoin.

it's hard to say because NXT is pretty known by everyone who has tested it. Ethereum, however, has not been released yet, so you only know what they are promise but not what they will really deliver or how good it works in reality. Thus, imho, NXT is far better at the moment. Let us see what Ethereum has to offer when it comes out ;)

Hell, no. Both will settle into their respective niches and more-or-less coexist, because that's how the wide wide world of business typically works these days.

To everyone whom is not aware Ethreum [frontier version] was released today.




That's the question though, will the existence of the other hinder the other from being as successful as it would have been without the others existence?  They may be able to co-exist, but to what degree?

Google & Askjeeves coexist, but Google is 100x more popular, and most would argue that Google has much better results and features.

you mean frontier version... im sure there will be a big dump for profit taking in the coming days with what they distributed.

as for nxt, how does their AT (automated transactions) compare to Ethereum's system? i know its not created yet, but maybe that's a good first move as nxt can see the flaws of this new system and fix it on their own release.

both are bulky nonsense crap coins. simple like bitcoin and google will always #1

 ;)  Thank you for the correction. Fixed.

I was once like you... oh those days are gone... keep an open mind.... being a bitcoin purist is cool and everything, but you gotta be realistic. Bitcoin getting any new features like any of the new altcoins is not going to happen in the foreseeable future.

For them to agree on a 8mb block increase took them a few years and that isnt even a big deal. There is way to much at stake to add anything drastic to Bitcoin...

are you going to risk your bitcoin investment for them to try out something new with a chance of you losing value in your bitcoin? most likely not, which is why we have altcoins and in the end only a few will be left standing while bitcoin will remain as the gold currency in crypto world.

or bitcoin might become myspace.com and ethereum the facebook

NXT isn't really in the conversation.

Nice try to disregard one of the most innovative platforms in technology right now.
NXT is hands down the most likely candidate to becoming the altcoin of the future... As a matter of fact, calling NXT a mere altcoin is an insult because it's much more than that.  

I haven't even mentioned the Asset Exchange, SuperNET, and it's platform for pure decentralized orgs.



Nice try though.

ehm... if Ethereum is a threat to Nxt then what about Bitcoin and all other altcoins? Does it mean they're dead, burned and scattered to the winds?

To me they seems different enough, Ethereum is mainly a platform for decentralized blockchain-based applications but it's not a currency yet. Who would invest in Ether? We don't yet know when it will cease to be inflated. Or maybe someone will build a successful currency on top of it. It must also be seen how it is scalable and what issues they will encounter.

Nxt has not AT implemented (yet) but it's also a currency with a lot of cool features. By the time Etheurem becomes user-ready, in a couple of years, Nxt will be 5-6 versions ahead with many real-world applications.

At this point in time the marketcap of crypto is so small that seeing a threat in each other sounds absurd. It's also driven more by hype and get-rich-quick schemes rather than technology. It's funny to look at CMC but it's insignificant in the great scheme of things, what really matters is adoption by real-world businesses. There's probably market for dozens of platforms.

If in 10 years Ethereum has a marketcap of 500billions and Nxt has 75billions, or the opposite, would you call either unsuccessful?

Are you seriously telling me that NXT is harder to use than bitcoin? Maybe it's time to pull the head from your ass

trolls, trolls everywhere!

 I don't see much currency potential in Ethereum (more like a platform for blockchain-based applications) while NXT might be an useful mean of payment. 

hard to say at this point.

NXT is established and working. Eth is nothing but a testnet at this point

Bitcoin is a protocol. bitcoin is the first app as a currency.

Myspace and facebook are applications of TCP/IP.

You compare apple and oranges my friend.

NXT SPAM

There's no way to tell, really. At this stage in the game, the entire crypto-economy is little more than a fringe. To get back to your analogy: it's far more like trying to guess the fate and relative dominance of Email, Usenet, BBSs and "Arpanet" as of 1990.

Assuming, of course, that cryptocurrency is destined to go mainstream. :)

Just to get it clear! With AT you mean Automated Transactions ? AT was developed by CIYAM (http://www.ciyam.org/at) Developers and isn't on NXT!

it could be a smart move to release AT on nxt a bit later.. as it would be best to see the pitfalls of ethereum's platform and then improve upon it when AT is implemented on nxt.

I'm sure NXT will prevail.


But on a trader view I guess we can make a lot of money with ETH. 30000BTC worth of ETH will flood the market soon and there is not much liquidity in altcoinmarkets at the moment. Investers still lost a lot of money and the dump will shakeout more of them when they see empty buy side on orderbooks. Then I will buy. I hope we will see some FUD when trading starts. 2-3 Cent for one ETH is realistic I guess  8)

NXT doesn't have AT yet and Ethereum isn't even released yet.
Qora has AT for months now.

ethereum is already released as of yesterday....

Interesting that Qora has all those features too. But I don't even see a community for it. The forum isn't even working... https://forum.qora.org/ --- without a community following its not going to stick. Also the marketing is another issue, which is what nxt has a problem with. Ethereum on the other hand does have that down i must admit. NXT has it going for them at the moment because of an active community and active developers. no matter how cool of a thing you make, if no one knows about it it aint going to fly. I'd imagine in the early days of facebook, there were so many similar options. It's just the aha moment when the public starts using it for something. we're still waiting for the holy grail app on these platforms...

" For them to agree on a 8mb block increase took them a few years and that isnt even a big deal. There is way to much at stake to add anything drastic to Bitcoin...  "

Lol ? It's a 4 billions $ cryptocurrency. If you fail on some feature you can make people loose a LOT of money. It's easier for a cryptocurrency that worth "nothing" to do some changes than for a cryptocurrency that worth some billions $.

sir, you get it now....

have fun waiting on bitcoin to try out new innovative stuff.... its just not feasible....

ethereum is just a live testnet at this point, can't talk about a real release in my opinion.

Ethereum has a bagholderbase just due to their presale, does that count for a strong community?

anyways, there's a nice hangout with the Qora dev if you're interested https://beyondbitcoin.org/bonus-hangout-qora-vrontis-ciyam/

Yeap, AT is not implemented into NXT platform yet. But it is part of Qora for example and it is not an invention of Ethereum at all. Ethereum is just a copy cat.

The future might be neither of the above, it could be Counterparty which is the protocol that is actually using the most secure tried and tested blockchain out there, Bitcoin.

Counterparty already ported Ethereum's programming language so everyone can execute Turing Complete Ethereum code on the Bitcoin blockchain: https://www.cryptocoinsnews.com/counterparty-recreates-ethereum-bitcoin/