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Title: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Dofus on February 04, 2015, 01:55:33 PM wtf why
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: newuser01 on February 04, 2015, 02:04:34 PM because its not amazing >:(
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Dofus on February 04, 2015, 02:05:39 PM because its not amazing >:( Not everyone saying the same :o Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: newuser01 on February 04, 2015, 02:07:38 PM because its not amazing >:( Not everyone saying the same :o they are all newbies like you.. they dont know better Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: sdmathis on February 04, 2015, 02:26:28 PM Most people seem to think that their coin is under priced. Most people, however, are wrong.
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Dofus on February 04, 2015, 02:29:25 PM Most people seem to think that their coin is under priced. Most people, however, are wrong. NXT is supposed to be the nextgen coin with a new system right ? Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Piston Honda on February 04, 2015, 02:36:21 PM You could say the same thing about bitcoin...
Or maybe it's already "overpriced" to begin with?! :o :-\ Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Nxtblg on February 04, 2015, 03:27:29 PM All I'll say is, Nxt has been a good buy when it's at or below 5000 satoshis. The last time before this time, it caught a tailwind and zoomed up to 6500 satoshis before sinking down to the current level.
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: TaunSew on February 04, 2015, 03:28:37 PM Proof of Beluga Caviar :o
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Kevinrasf on February 04, 2015, 04:15:08 PM Low Price?
I dont think 1 cent per coin with a billion M-Cap is low. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: alex0909 on February 04, 2015, 04:21:24 PM Low Price? I dont think 1 cent per coin with a billion M-Cap is low. Yeah, just like Bitcoin is waaaay overpriced ! 19Millions of them in a few years, that's too much. Stupid thinking. This has nothing to do with the price, Bitshares has 2.5 billions, it must be crazily overvalued. Network, tech, Whales, exchanges manipulation, early adopters make the price. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: lopalcar on February 04, 2015, 04:35:26 PM Because no new money is coming into cryptoworld since bitcoin bubble, all the money is in hands of big miners from bitcoin-litecoin-rest of clones. They don't have nxt because was the first system without mining "and most of them were so stubborn and jealous that didn't bought them", so no one is pumping the price, if no, explain me how many shitcoins that are minable have much bigger volumes. Prices aren't correlating with technology, you can offer people shit and promise them that someone will buy that shit 100 times expensive and will take that shit before a car or something usefull for example.
Many MANY guys are buying coins without even be able to install a wallet in their own computer, and much less, understand how the coin works... so yes, it's frustrating. I still believe nxt will grow a lot, but sincerely, I don't care actually about their price, is perfectly usable with any price, "although for bigger projects would be nice to have higher volumes" I think that nxt is like the linux in the OS world, everyone can contribute and make things around it, and for all that people which are so jealous of initial investors and don't buy, I only can think they are damn *#Ç!%$@#.... see where nxt is now, what it offer, and you will realize in seconds that would be the better investment... it isn't minable, so your investment wouldn't be diluted, or if you don't want nxt because you will always be to jealous, still can use assets, MS coins and many other features. Conclusion: this isn't amazing... is an invasion of speculators into the cryptocurrencies world which is leaving out without any rational reason to the best projects, the money is in hands of miners and they are terribly scared of nxt and similars. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Dofus on February 04, 2015, 04:46:39 PM Because no new money is coming into cryptoworld since bitcoin bubble, all the money is in hands of big miners from bitcoin-litecoin-rest of clones. They don't have nxt because was the first system without mining "and most of them were so stubborn and jealous that didn't bought them", so no one is pumping the price, if no, explain me how many shitcoins that are minable have much bigger volumes. Prices aren't correlating with technology, you can offer people shit and promise them that someone will buy that shit 100 times expensive and will take that shit before a car or something usefull for example. Many MANY guys are buying coins without even be able to install a wallet in their own computer, and much less, understand how the coin works... so yes, it's frustrating. I still believe nxt will grow a lot, but sincerely, I don't care actually about their price, is perfectly usable with any price, "although for bigger projects would be nice to have higher volumes" I think that nxt is like the linux in the OS world, everyone can contribute and make things around it, and for all that people which are so jealous of initial investors and don't buy, I only can think they are damn *#Ç!%$@#.... see where nxt is now, what it offer, and you will realize in seconds that would be the better investment... it isn't minable, so your investment wouldn't be diluted, or if you don't want nxt because you will always be to jealous, still can use assets, MS coins and many other features. Conclusion: this isn't amazing... is an invasion of speculators into the cryptocurrencies world which is leaving out without any rational reason to the best projects, the money is in hands of miners and they are terribly scared of nxt and similars. I see, thanks for your awnser. But why should I be jealous, I don't understand this way of thinking. How much did they pay per NXT ? 1 sat ? o_O Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: WhalingWhales on February 04, 2015, 04:52:35 PM 1 billion coins 5k - 6k sat is a reasonable price imo
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: sdersdf3 on February 04, 2015, 04:53:51 PM wtf why 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. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: doc12 on February 04, 2015, 05:11:10 PM wtf why 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. After trying out NXT last week, I wouldnt invest in any other crypto anymore. NXT is really amazing tech. It already has most oft the features of other 2nd Gen cryptos ... Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: LiQio on February 04, 2015, 05:18:24 PM After trying out NXT last week, I wouldnt invest in any other crypto anymore. NXT is really amazing tech. It already has most oft the features of other 2nd Gen cryptos ... I agree, it's very feature rich - if someone wants to test and play you can do here http://nxt.org/demo/ btw. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: lopalcar on February 04, 2015, 05:38:05 PM I see, thanks for your awnser. But why should I be jealous, I don't understand this way of thinking. How much did they pay per NXT ? 1 sat ? o_O Now calculate the price of bitcoins mined in 2010... there should be some lucky people, shouldn't? I wouldn't wanted to mean you're jealous, I mean many people are jealous Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Come-from-Beyond on February 04, 2015, 05:39:27 PM Proof of Beluga Caviar :o ... You got it, UtopianFuture :D Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: achimsmile on February 04, 2015, 05:46:28 PM wtf why Nxters are not pumpers. The main topic over at nxtforum.org is called "price speculation", but 95% of that topic is about other stuff. They are interested in the tech and ideas, and (not only) how to get rich quick. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Dofus on February 04, 2015, 05:47:08 PM I see, thanks for your awnser. But why should I be jealous, I don't understand this way of thinking. How much did they pay per NXT ? 1 sat ? o_O Now calculate the price of bitcoins mined in 2010... there should be some lucky people, shouldn't? I wouldn't wanted to mean you're jealous, I mean many people are jealous Of course buddy don't worry ^^ Just wanted to say jealous ppl are just stupid, they just haven't been at the right place at the right moment that's all :). About the 2sat, is this serious ? Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: achimsmile on February 04, 2015, 05:49:41 PM I see, thanks for your awnser. But why should I be jealous, I don't understand this way of thinking. How much did they pay per NXT ? 1 sat ? o_O Now calculate the price of bitcoins mined in 2010... there should be some lucky people, shouldn't? I wouldn't wanted to mean you're jealous, I mean many people are jealous Of course buddy don't worry ^^ Just wanted to say jealous ppl are just stupid, they just haven't been at the right place at the right moment that's all :). About the 2sat, is this serious ? 21 Btc were invested, 1B Nxt were distributed. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Dofus on February 04, 2015, 05:50:13 PM I see, thanks for your awnser. But why should I be jealous, I don't understand this way of thinking. How much did they pay per NXT ? 1 sat ? o_O Now calculate the price of bitcoins mined in 2010... there should be some lucky people, shouldn't? I wouldn't wanted to mean you're jealous, I mean many people are jealous Of course buddy don't worry ^^ Just wanted to say jealous ppl are just stupid, they just haven't been at the right place at the right moment that's all :). About the 2sat, is this serious ? 21 btc were invested, 1B Nxt was distributed. XD Why the hell did they do that ? ;_; Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: achimsmile on February 04, 2015, 05:52:35 PM I see, thanks for your awnser. But why should I be jealous, I don't understand this way of thinking. How much did they pay per NXT ? 1 sat ? o_O Now calculate the price of bitcoins mined in 2010... there should be some lucky people, shouldn't? I wouldn't wanted to mean you're jealous, I mean many people are jealous Of course buddy don't worry ^^ Just wanted to say jealous ppl are just stupid, they just haven't been at the right place at the right moment that's all :). About the 2sat, is this serious ? 21 btc were invested, 1B Nxt was distributed. XD Why the hell did they do that ? ;_; What do you mean? People only invested 21Btc after almost 2 months of open IPO Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Dofus on February 04, 2015, 05:54:16 PM I see, thanks for your awnser. But why should I be jealous, I don't understand this way of thinking. How much did they pay per NXT ? 1 sat ? o_O Now calculate the price of bitcoins mined in 2010... there should be some lucky people, shouldn't? I wouldn't wanted to mean you're jealous, I mean many people are jealous Of course buddy don't worry ^^ Just wanted to say jealous ppl are just stupid, they just haven't been at the right place at the right moment that's all :). About the 2sat, is this serious ? 21 btc were invested, 1B Nxt was distributed. XD Why the hell did they do that ? ;_; What do you mean? People only invested 21Btc after almost 2 months of open IPO Okay I see, well it's the same for every coins, no reason to be jealous ! In fact I kinda am too, but I won't blame them for being clever :) Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Este Nuno on February 04, 2015, 05:54:52 PM I see, thanks for your awnser. But why should I be jealous, I don't understand this way of thinking. How much did they pay per NXT ? 1 sat ? o_O Now calculate the price of bitcoins mined in 2010... there should be some lucky people, shouldn't? I wouldn't wanted to mean you're jealous, I mean many people are jealous Of course buddy don't worry ^^ Just wanted to say jealous ppl are just stupid, they just haven't been at the right place at the right moment that's all :). About the 2sat, is this serious ? 21 btc were invested, 1B Nxt was distributed. XD Why the hell did they do that ? ;_; I guess no one actually believed that BCNext was actually making what he claimed. All I know is that when I first saw the NXT website and read the features, my first thought was 'too good to be true'. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: achimsmile on February 04, 2015, 06:01:41 PM I see, thanks for your awnser. But why should I be jealous, I don't understand this way of thinking. How much did they pay per NXT ? 1 sat ? o_O Now calculate the price of bitcoins mined in 2010... there should be some lucky people, shouldn't? I wouldn't wanted to mean you're jealous, I mean many people are jealous Of course buddy don't worry ^^ Just wanted to say jealous ppl are just stupid, they just haven't been at the right place at the right moment that's all :). About the 2sat, is this serious ? 21 btc were invested, 1B Nxt was distributed. XD Why the hell did they do that ? ;_; I guess no one actually believed that BCNext was actually making what he claimed. All I know is that when I first saw the NXT website and read the features, my first thought was 'too good to be true'. 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. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Dofus on February 04, 2015, 06:14:14 PM I see, thanks for your awnser. But why should I be jealous, I don't understand this way of thinking. How much did they pay per NXT ? 1 sat ? o_O Now calculate the price of bitcoins mined in 2010... there should be some lucky people, shouldn't? I wouldn't wanted to mean you're jealous, I mean many people are jealous Of course buddy don't worry ^^ Just wanted to say jealous ppl are just stupid, they just haven't been at the right place at the right moment that's all :). About the 2sat, is this serious ? 21 btc were invested, 1B Nxt was distributed. XD Why the hell did they do that ? ;_; I guess no one actually believed that BCNext was actually making what he claimed. All I know is that when I first saw the NXT website and read the features, my first thought was 'too good to be true'. 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. Ahah I understand you buddy ! I wonder what the price is going to be in one year... Maybe the same ! NXT seems like to be like a 2020's investment ! Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Daedelus on February 04, 2015, 06:27:05 PM At least two new Core devs have joined Nxt (Roberto, Yudi and team). That takes us to 11+ now 8) https://nxtforum.org/general-discussion/(core)-dev-team-increase/ Who is paying these guys, and how much money are they making? Read the thread. The devs are implementing the features needed to run their business, DeBuNe. The business, they hope, will make money. Many guys approach Nxt, wanting to use it for thier business. Here is another who plans to be making 10,000 Txs a second, using Nxt as the backbone of their network: https://nxtforum.org/general-discussion/maximum-block-size-is-too-restrictive/ Roberto and Yudi happen to want to build in core features they need, rather use ones that already exist. And more power to them ;D Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: thejaytiesto on February 04, 2015, 06:32:34 PM Most people seem to think that their coin is under priced. Most people, however, are wrong. NXT is supposed to be the nextgen coin with a new system right ? If NXT is a success Bitcoin needs to be a success first. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Sebastien256 on February 04, 2015, 07:02:45 PM Most people seem to think that their coin is under priced. Most people, however, are wrong. NXT is supposed to be the nextgen coin with a new system right ? If NXT is a success Bitcoin needs to be a success first. Imo, Nxt do not need bitcoin to sucess. Altouht it would certainly help. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: tommy69778 on February 04, 2015, 07:26:11 PM Most people seem to think that their coin is under priced. Most people, however, are wrong. NXT is supposed to be the nextgen coin with a new system right ? If NXT is a success Bitcoin needs to be a success first. Imo, Nxt do not need bitcoin to sucess. Altouht it would certainly help. IMO everything catches a cold when bitcoin crashes. Everything needs bitcoin to be a success. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: One Six on February 04, 2015, 07:36:18 PM wtf why Amazing? 100% premined coin was selling for 200 satoshi in Jan 2014. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: marechoux on February 04, 2015, 07:49:12 PM I dicovered bitcoin around 18 month ago, and as a lot of people I was thinking that NXT was a scam mostly due to this distribution (21 btc).
Few month ago I was attracted by NXT because of some assets like supernet, indeed NXT is not only a better bitcoin (POS / security / quick transaction etc...) It is also a living economy where you can buy some asset really easily and invest in some companies to become shareholder in a decentralised way. This feature is not that old and right now a lot of companies got funds in NXT and converted them in $ which create a sell pressure. When these companies will start to make profits they will have to pay dividends in NXT so they will need to buy NXT with their $ which will create a buy pressure. That's one of the reasons the price is going down nowadays. About the "unfair distribution" I was thinking about it and finally came to the conclusion that it was not such a bad way actually. 1/ IPO last 2 months so it's complicated to complain about it. 2/Creator asked for 21 btc, would it be better if he asked for 1000 btc? I don't think so....that just prove he was not looking for a quick profit. 3/Because of this IPO most of the big stakeholder are active in the community and it mostly people who understood the coin before it was released. 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. Now we can just all regret to not have been in this IPO, but if you tried the wallet you just cannot say it's a scam or anything else like this. About the community in NXT, it is much more mature than other altcoin , they're not just waiting for some pumps and saying all the time "to da moon". People in NXT community are trying to improve the features of the wallet and the coin itself, some other try to build some copmaines inside NXT etc... The only bad thing about NXT is his bad press look at coindesk almost no article about NXT. Just for exemple look at the thread about supernet, it's an asset of NXT, more than 200.000 reads and more than 5000 bitcoin invested if I'm right, 0 article on coindesk ;) Anyway NXT could be the new bitcoin as like bitcoin few years ago people did not understood his potential... I am not a spammer of NXT, you can check on my profile this is my 1st post on NXT and my account is more than a year old. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Come-from-Beyond on February 04, 2015, 07:55:50 PM The only bad thing about NXT is his bad press look at coindesk almost no article about NXT. 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. :D Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: marechoux on February 04, 2015, 08:04:23 PM The only bad thing about NXT is his bad press look at coindesk almost no article about NXT. 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. :D 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. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: achimsmile on February 04, 2015, 08:05:09 PM wtf why Amazing? 100% premined coin was selling for 200 satoshi in Jan 2014. Quiz of the day: how can a coin be premined if there is no mining in this coin? Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: LiQio on February 04, 2015, 08:20:37 PM [...] 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. :D The four asterisks make your statement so much more diplomatic ;) Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: TaunSew on February 04, 2015, 08:23:44 PM The only bad thing about NXT is his bad press look at coindesk almost no article about NXT. 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. :D 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. 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 Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: TaunSew on February 04, 2015, 08:26:28 PM 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. 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? :D and this has been demonstrated / repeated several times and it has all but scared away any potential buyers. Proof of Beluga Caviar. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Come-from-Beyond on February 04, 2015, 08:38:22 PM You may hate coindesk, but you can't deny it's one the main press source for people in crypto world Why should I hate Coindesk, it's their business model - to sell their body. Main press source for people is New York Times. Cryptogeeks use Twitter and read articles on all crypto-related sites. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Come-from-Beyond on February 04, 2015, 08:40:40 PM 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 Do you mean Jeff "Hashes-do-not-match" Garzik (http://memegenerator.net/Bitcoin-Developer)? Hahaha, you must be kidding. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: HarryPotHead on February 04, 2015, 08:45:34 PM Its not such a low price with a shed load of coins, Node also has 1 billion coins have you seen the price of that coin which is a very good coin
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Come-from-Beyond on February 04, 2015, 08:46:12 PM 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? :D and this has been demonstrated / repeated several times and it has all but scared away any potential buyers. Proof of Beluga Caviar. Why whales? I thought you got less than 1 million NXT after selling stolen NEM stakes (when you was posting under UtopianFuture nick). Luckily your sockpuppetry was revealed much earlier than you expected... Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: 0nlyBTC on February 04, 2015, 09:41:14 PM wtf why 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. That sums up the crypto world now. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Dofus on February 04, 2015, 11:09:31 PM 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. 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. Just because Ripple is centralized makes it becoming very very useless compared to bitcoin, like a huge step backward. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Dofus on February 05, 2015, 12:30:08 AM Just because Ripple is centralized makes it becoming very very useless compared to bitcoin, like a huge step backward. So would a "decentralized Ripple" be a "huge step forward compared to bitcoin" ? Well... Yeah ? I mean, Ripple is like all altcoins that are more btc clones, it has plenty of advantages compared to bitcoin. Bitcoin is highly overated now compared to most of alts, so if any of these alt would replace btc it would be a step forward in my opinion. If you add to this the centralized thing to Ripple, the balance is not equal and this disadvantage weigh more than the advantages. Even if, as you said, people would more use Ripple than NXT (for exemple), which is very possible I trust you, it still does not make it a better coin. This is not the spirit Satoshi wanted to carry with bitcoin, not at all. I don't think he would be glad if coins like Ripple succeed. Other thing, I don't think touching Wall Street traders is the first aim for a cryptocurrency. In my opinion it should in fact be the lasts, Public awarness will make traders use a cryptocurrency. People would like to buy things easily in a safe way, 99,9% of the world population has absolutly no idea how big things in Wall Street works, including me in fact. It represents propably less than 0.001% of the population (not including peoples who are never going to use any cryptocurrency in this century obviously, same for a computer). What I wanted to say is that I don't think Wall Street and big marketplaces are a good argument :) This is my opinion as a crypto noob, not saying this is the truth, but it seems pretty logic to me. Maybe i'm wrong, I'm just talking friendly here, feel free to correct my talks, I'd be glad ! Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: TaunSew on February 05, 2015, 01:40:59 AM Problem with Ripple is this: one raid on the Ripple campus in California by the FBI and it's all over due to centralization. Don't say it can't happen, eGold itself was raided based on circumstantial allegations of what people overseas were doing.
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Zer0Sum on February 05, 2015, 01:56:45 AM Problem with Ripple is this: one raid on the Ripple campus in California by the FBI and it's all over due to centralization. Don't say it can't happen, eGold itself was raided based on circumstantial allegations of what people overseas were doing. Nxt is the only decentralized Gen 2.0 platform. You'd have to shut down 1,000 global nodes. The rest of them will get taken down by US authorities... They are being observed closely, but it takes 2-3 years to build files... and charge the right people. Frankly, Bitshares is an Asset Bubble based fraud run out of China... And Nubits is a highly manipulated virtual Central Bank. Also, the dude who compared Ripple to Wall Street is on drugs... He also manages to conflate degenerate gambling with professional trading. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Nxtblg on February 05, 2015, 02:10:17 AM About the "unfair distribution" I was thinking about it and finally came to the conclusion that it was not such a bad way actually. 1/ IPO last 2 months so it's complicated to complain about it. 2/Creator asked for 21 btc, would it be better if he asked for 1000 btc? I don't think so....that just prove he was not looking for a quick profit. 3/Because of this IPO most of the big stakeholder are active in the community and it mostly people who understood the coin before it was released. 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. Now we can just all regret to not have been in this IPO, but if you tried the wallet you just cannot say it's a scam or anything else like this. About the community in NXT, it is much more mature than other altcoin , they're not just waiting for some pumps and saying all the time "to da moon". You're a lot like people who got over their anger over the botched Facebook IPO. Believe it or not, FB sunk to $20-$25 shortly afterwards and the way the IPO was handled was one of the reasons. [It opened at ~$41.] Now? The only ones who remember are ax grinders and trivia hounds like me. :) Certainly, the people buying FB at $20-$25 have very little reason to complain... Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: btcjoin14 on February 05, 2015, 03:28:44 AM Seems to be a lot of dislike of Nxt on this forum, but I don't understand why. They are trying to create a new gen of platforms and they are still pretty new. Plus the price for NXT is nice and low right now
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: sidhujag on February 05, 2015, 03:31:20 AM Bts and nxt are correlated as bitcoin 2.0 hopefuls.. they both drag each other down until one gets things right
Leaning towards bitshares right now Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: sidhujag on February 05, 2015, 03:35:30 AM Problem with Ripple is this: one raid on the Ripple campus in California by the FBI and it's all over due to centralization. Don't say it can't happen, eGold itself was raided based on circumstantial allegations of what people overseas were doing. Nxt is the only decentralized Gen 2.0 platform. You'd have to shut down 1,000 global nodes. The rest of them will get taken down by US authorities... They are being observed closely, but it takes 2-3 years to build files... and charge the right people. Frankly, Bitshares is an Asset Bubble based fraud run out of China... And Nubits is a highly manipulated virtual Central Bank. Also, the dude who compared Ripple to Wall Street is on drugs... He also manages to conflate degenerate gambling with professional trading. Bitshares has got the decentralized market thing down way better than nxt (asset bubble?) lol it has kyc regulation protection built in so that governments can find ways to let it be used when it reaches network effect while nxt will wither off because it couldnt see these things in advance. Nxt keeps playing from behind Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: LiQio on February 05, 2015, 05:46:59 AM ^
The major difference between Nxt and Bitshares is, that Bitshares is about making money (nothing else) whereas Nxt is about improving the original idea of Bitcoin. Bitshares is a company, Nxt is a philosophy. I made my decision (and goddam I can sleep like a baby ;) ) Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: sidhujag on February 05, 2015, 06:27:04 AM ^ Both of them have the same intentions but bitshares has a concept which nxt cant emulate which is being able to earn via a consensus protocol via voting. Thus innovation will be alot faster going fwd with bitshares because of incentives to do work and do good. Technically they are equal right now and price showsthat however its all about potential and non priced in development which bitshares will win IMO easily.. this year will be interesting.The major difference between Nxt and Bitshares is, that Bitshares is about making money (nothing else) whereas Nxt is about improving the original idea of Bitcoin. Bitshares is a company, Nxt is a philosophy. I made my decision (and goddam I can sleep like a baby ;) ) Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: LiQio on February 05, 2015, 06:29:39 AM Both of them have the same intentions [...] You are mistaken. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: EtherCoin on February 05, 2015, 06:30:08 AM ^ The major difference between Nxt and Bitshares is, that Bitshares is about making money (nothing else) whereas Nxt is about improving the original idea of Bitcoin. Bitshares is a company, Nxt is a philosophy. I made my decision (and goddam I can sleep like a baby ;) ) I also made mine. To be honest never looked into NXT deep enough due to lack of interest. This being caused by a lack of information to be fair. Since I have joined superNET I have started looking deeper into NXT and got to say that I am very impressed. I think feature-wise is the most advanced crypto project out there. By far. BTS?, owned some, sold for profit, thanks, butdidn't have a quarter of the feats NXT has. Now with superNET support (RAMchains, MGW, instantDEX from BTCD, cloud storage from VRC (on the makin'), VPN feats from VPNcoin, and so on...) and the new DeBuNe launch, that advantage has multiplied. Once all its running (superNET already launched the beta client which is under heavy test) NXT will be a serious contender for the forerunner on blockchain technology based ecosystems. Every of us should do their own research and act accordingly, tho. Eth. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: sidhujag on February 05, 2015, 06:51:54 AM Both of them have the same intentions [...] You are mistaken. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: jones_ on February 05, 2015, 07:16:38 AM ^ Both of them have the same intentions but bitshares has a concept which nxt cant emulate which is being able to earn via a consensus protocol via voting. Thus innovation will be alot faster going fwd with bitshares because of incentives to do work and do good. Technically they are equal right now and price showsthat however its all about potential and non priced in development which bitshares will win IMO easily.. this year will be interesting.The major difference between Nxt and Bitshares is, that Bitshares is about making money (nothing else) whereas Nxt is about improving the original idea of Bitcoin. Bitshares is a company, Nxt is a philosophy. I made my decision (and goddam I can sleep like a baby ;) ) Did someone say voting... www.youtube.com/watch?v=dhJgz6hpHXg Nxt has a voting system on the way. I really don't quite get the bitshares mentality, so I say that I'm going to do something, then people vote for me and I get free money from the system. At nxt you would just create something and then people will send you donations if they think its worth developing further, or the person can start an asset and sell it to make any money that they would need. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: lemfuture on February 05, 2015, 07:25:35 AM amazingly cheap atm
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: sidhujag on February 05, 2015, 07:36:24 AM ^ Both of them have the same intentions but bitshares has a concept which nxt cant emulate which is being able to earn via a consensus protocol via voting. Thus innovation will be alot faster going fwd with bitshares because of incentives to do work and do good. Technically they are equal right now and price showsthat however its all about potential and non priced in development which bitshares will win IMO easily.. this year will be interesting.The major difference between Nxt and Bitshares is, that Bitshares is about making money (nothing else) whereas Nxt is about improving the original idea of Bitcoin. Bitshares is a company, Nxt is a philosophy. I made my decision (and goddam I can sleep like a baby ;) ) Did someone say voting... www.youtube.com/watch?v=dhJgz6hpHXg Nxt has a voting system on the way. I really don't quite get the bitshares mentality, so I say that I'm going to do something, then people vote for me and I get free money from the system. At nxt you would just create something and then people will send you donations if they think its worth developing further, or the person can start an asset and sell it to make any money that they would need. For example i created over 10 shopping cart payment gateways for bitshares source here: http://github.com/sidhujag I gave updates and got paid along the way.. No need to create an asset for some random job thats just stupid and illogical.. No need to work for months without pay hoping for donations again that doesnt work.... Did you see anywhere in there of me getting free money? No i worked and earned it. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: achimsmile on February 05, 2015, 08:11:29 AM @sidhujag
I'm under the impression since 2013 that Bitshares has an Impossible trinity (http://en.wikipedia.org/wiki/Impossible_trinity) It offers a market peg (bitUSD, bitBTC, etc), 5% interest on those assets (monetary policy), and free market trading at the same time. How will it not collapse at some point? Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Come-from-Beyond on February 05, 2015, 08:50:49 AM Problem with Ripple is this: one raid on the Ripple campus in California by the FBI and it's all over due to centralization. Don't say it can't happen, eGold itself was raided based on circumstantial allegations of what people overseas were doing. People will simply switch to other validators. Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: DecentralizeEconomics on February 05, 2015, 10:15:58 AM Price does not equal value.
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: WealthyBastard on February 09, 2015, 02:33:53 AM I just farted :o
Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: Bralex on February 09, 2015, 02:55:39 AM Nxt is not at such a low price it is at the price the market gives it which is normally a fair price, i take it you hold quite abit of the coin and expected it to moon?
1Billion coins is alot of sell pressure and i don't see this ever going above 10k satoshi which is a shame because it is a good coin but the market has spoken for now. Stay tuned :o Title: Re: Why NXT is such at low price if it's that amazing ? :(((((((( Post by: HalFinneysBrain on February 09, 2015, 07:17:57 PM NXT is amazing, but it is undervalued because every good cryptocurrency is currently undervalued. We are currently in a brutal bear market that is testing every coin and every community with fire. Only the strong will survive. Only the full feature, true 2.0 coins will emerge at the other end. By the time this is all over, the value will have shifted from 1.0 altcoins that are nothing but glorified Bitcoin clones, like Litecoin and the hundreds of other copy alts, into the few true 2.0 coins which have their own codebases, which have assets and voting and scripting and other features.
First everything is going down, and then only the cream will rise back up. So to sum up class, NXT and BTS are basically a decentralized Ripple with different advantages, NXT is more decentralized and is focused on beating out XCP, Open Bazzar, eBay, and Craigs list. You can’t sell your bike on BitShares, but because BitShares has Ripple fast trading transactions, you can trade commodities like gold, silver, bitcoin, USD, Yuan, etc. Excellent summary, and this shows why it is important to own some of both. |