bitassets won't come out until Monday last I heard and NXT is already planning their own equivalent / counter.  NXT as far as I care has a more extensive ecosystem and more developers.

The difference I think is BitsharesX is extremely popular in China (99% comes from Chinese exchanges and 80% is Yuan-BTSx) while NXT is more international.   BTSx almost doesn't register on the internet compare to its' activity in China.


I think NXT is more secure and stable than BitsharesX.  

BitsharesX lives and dies at the hands of the Chinese private funds.  Do you really want to invest huge amounts into BitsharesX this very minute if some guy in China can type a few numbers on a keyboard and send the capitalization down to $5 million?      That's like being a Bitcoin bagholder who bought at $1200 - a lot of them were bullish until the dump from China.

Heck it would be a disaster if the Chinese Government reacted and bans BitSharesX - *poof* that's 99% of BitsharesX activity gone overnight.

Where do you think the term  "another" came from?  Yes there are painful cyclical pump and dumps with NXT.  I don't see how BitsharesX has proven to be any different as it looks like it's a game of musical chairs for a few rich investors from China. This isn't the exact same scam as a $hitcoin but the level of manipulation here is going to burn any creditability behind BitsharesX, much like NXT has burnt many bridges.

The fact the BitsharesX people are invading all these crypto forums (you see them starting threads like on the NXT forum) just to promote their pump.

Worse of all is this pump is occurring before bitassets even comes out, which is a definite sign that this is a temporary bubble.   The guys who initiated the pump are likely going to be cashing out soon.

Reality will sit in quickly when bitAssets does actually come out and it doesn't live to the hype or the masses simply have no use for it (the amount of people buying into this pump bubble outweighs the actual number of people who are going to bother with these assets.  Which is also true for other speculative pumps that we have seen for other features in other cryptos)

http://bitcoinrichlist.com/top100

Less than 1000.  Top 100 addresses, and addresses =/= people, own 20%.   It's a common security precaution to break up your funds into multiple cold addresses / wallets.  So that top 100 may be anywhere from 1-99 persons (more likely in the lower half of the range).

CfA is British..

Except for a brothel in Nevada, I haven't heard about any prostitute accepting BTC.

The typical dumb broad would go: "huh?  Whaaa... you want to pay me with magical internet coins?  Just give me cash.  Gosh what a loser"

There's already all those things in Belarus, Ukraine and Russia.  So what new thing would NXT really bring if it went down that route?  Except maybe get $billions from the terrorists and mafia.

Yeah if every NXT whale became a billionaire and the lessers became millionaires - they'ld all just relocate to Belarus, Ukraine or Qatar and get their money out.

Who can they arrest?  CfB is from Belarus, a puppet of Russia and Russia is the one who gave asylum to Eric Snowden.

NXT can pretty much dominate the crypto black market.

Yet Spoetnik registered for NODE coin..  No envy movement and yet I detect envy.  The only problem Spoetnik has with NEM was because he missed the deadline to sign up.   

Satoshi 1.0 + BCnext 2.0 make NEM 3.0.   Satoshi Makoto and BCnext UtopianFuture make coin.  3 good reasons to buy NEM.   8 weeks until good news.  

biTshares is another 2.0 pump as far as I can tell.  You're trying to tell us it's this popular thing but all I see is 90%+ of it being dominated by a few funds in China ~ classic pump and dump.  

biTshares people have invaded Bitcointalk and many crypto forums to try to plead people to get into the pump.    

 It's beyond ridiculous as bitassets hasn't even been released yet nor is it proprietary technology.  When the Chinese funds stop pumping then there'll be this air sucking sound, biTshares will stagnate and NXT will implement its' own collateral and pegging system if it's actually a demanded feature and not a hype speculation like anonymity was for the past four months.


Congratulations biTshares it took you months to copy NXT's asset exchange (with a few whistles added).  NXT is still the most innovative crypto.

For once Come-from-Above was actually funny.   

Yuan is 80% of the volume.    Are you suggesting nobody has BTC in China?   If that much Yuan is going into it then it's safe to say almost all that BTC is Chinese as well due to demand.  Sure there's no restriction on who can use the Chinese exchanges but the demand indicates it's primarily people in China driving the speculation buy.


  
This is echoing Bitcoin where the Chinese came rushing in all at once throwing in huge sums.  A lot of that money came from funds and margin trading.  What was the end result?  An epic pump to $1200 and then a slow crash down to $500.



It seems like the Chinese are starting to learn about alternates and are pulling the same trick with BitsharesX.  Who pumps $2 million into a coin overnight before bitAsset even comes online?  That's the same pump technique that people were using when targeting Doge for several months and maybe that explained NXT's pump back in May-June.

You really think it's everybody in Shanghai and their Grandmother buying BitsharesX?  Probably not, this is a pump likely being done by a few private funds and other organized groups.  

That's just 80% for the Yaun-BTSx.  They take up another 18% or so with BTC trades (which fair enough some of those people could be American or European).

The biggest non-Chinese exchange only does like 1% of overall volume being Poloniex.

So yeah 80% - 99% of buyers are Chinese

Yes it's a Cold War.  Bitshares is Chinese Communists vs the free NXT world.  NXT does not know there is a war and hence they are losing.  Who do you think has been DOSing and hacking NXT over and over?

If the genesis distribution was the main problem then everyone long ago would had moved onto NFD, NXT fair distribution.

There was also controversy with all the code.  NXT also never had the best PR for any crypto currency.  The NXT whales (who took it as divine providence that they became $Fiat millionaires overnight) often took it for themselves to defend the coin and they often countered trolling or skepticism with trolling of their own.  Last I check the NXT socks are still other attacking coins on a frequent basis.  If you're going to troll then do it on your main BTT and not through a sock named after developers or brands.

Then there were other fiasco like a $hitcoin like NAS adopting WesleyH's wallet while the bureaucratic "NXT SUprEMe CouNcil" took weeks to pass it through.  Then later how they allowed a weasel like John Manglovetti manipulate and maneuver himself into being the public face of NXT for a couple of weeks.  Et Cetera.  NXT has been running like a headless chicken for awhile.  

It's entertaining and dramatic but it detracts from the focus of what NXT should be, that of being a developer community.  


How did NXT sleep past and somehow missed on the whole bitassets thing?  That could be NXT receiving $2 million volume if it had patched in collateral and pegging into the asset exchange.



 

Yeah but this just the same pegging / collateral system you've (well BTSx people) mentioned a dozen or so times.  It doesn't stop assets from failing or being scams.

It also wouldn't fly on my tax income or depositing into the bank.  "So uhh where did this $7 million come from" "from trading bitUSD and bitMicrosoftstock"

I don't think DPOS really matters (no one cared about it weeks ago).  I read it and didn't appeal to me as I think there are vulnerabilities to it (you can say it is a safer system than NXT but I think the delegate system can be gamed a lot easier than spending millions of $Fiat to acquire 51%+ of NXT.  There isn't even enough NXT for sale.  You'ld probably have to jack up prices at least ten fold to get people to sell and nobody is going to spend $10s of $100s of millions to buy out a newer crypto).



 All the rhetoric and controversy was largely instigated by BTSx who came in with bitasset and are trashing NXT only days after it was "hacked" on a Chinese exchange.  Not implying anything but stranger things have happened.

My concern is something that is being pumped with $millions of $Fiat when it hasn't even been released or tried by the mass crypto-public yet.  We can't even use bitassets yet and yet people are plying on stupid money (unless it's fake volume).

Still going on with that rhetorical dribble, huh?

How about instead of you pushing the burden on proof on me, due to bitassets which isn't released until monday, how about you present the evidence that it's "completely different concepts" without posting a link full of rhetorical bullchit?  We'll know on monday when your 'evidence' doesn't consist of rhetoric and rainbows.


bitassets are assets, end of story.  If your only difference is a collateral and pegging system then that can patched into any asset system.  Sure it may not be the exact 100% same as bitassets but the regular user wouldn't know and if they did wouldn't care.  Not everyone wants a centralized bank like BitShares.

BitSharesX are like centralized bankers and not the direction the crypto world should be going in.

It's not a question of IF something will work (something broken is a problem, though).

It's a question of IF something brings utility to the mass market and if the mass market is utilizing this service.  The NXT asset exchange as far as I can tell works extremely well.  Much like BitSharesX's bitassets may work.  The reality is asset trading just doesn't appeal to the plurality.  It's also reinventing the wheel as if I really wanted to trade $USD then I would use real exchanges and not a crypto.

Main reason people went into cryptos was to escape the inflation of the $Fiat. Why do I need to deal with assets and other gimmicks when they already work pretty well themselves in the real world?


It's also a question of IF something is proprietary.  The first mover advantage is great but what stops NXT from doing their own collateral or pegging system or a near-equivalent thereof?