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AFAIK Nas is a clone, one man developer and a mining coin. No idea why people are promoting, mining coins are obsolete and the exceptions like Doge were fads at best.
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The NxT bagholders are angry.  This is definitely Downfall Hitler Parody material right here. Right, let me just quickly sell my NXT and buy some NEM. Oh wait, I can't. Har Har. So what will you say in late May? |
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I think PoS is unethical - it rewards whales and makes a coin look like a ponzi scheme
You have a problem with it rewarding people who buy and hold? If it only rewarded those with deep pockets *cough*next*cough* then I could see your criticism, but that's not the case. Single coins can stake so anyone can get in and build a stack. It's not Microsoft stock but a currency. Name 10 currencies in the real world with a proof of stake interest (not from the bank but from new allocation) and get back to me. |
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The NxT bagholders are angry. This is definitely Downfall Hitler Parody material right here. |
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I don't think Doge had any appeal the mainstream. Even the name itself was initially confusing as I mistook it for some kind of Italian or Venetian coin. Throw on the jokes and the Bitclone and it was a miracle it even went so far.
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I think PoS is unethical - it rewards whales and makes a coin look like a ponzi scheme
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Who bumped this old thread, lol.
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NxT does have things going against it. The valid FUD aside, I think PoS hasn't proven itself yet and I'm not sure it'ld ever see mass adoption.
IMHO - something like PoS is better handled through eventual crypto banks who'll issue loans, collect interest and then pay interest to account owners.
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I think It'll be two coins per type.
Traditional mining
PoS
PoI
There's really maybe only room for 6 to 8 coins tops.
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I agree too many $hitcoins and clones.
The only promising coins right now are NEM and a later fork based on Ethereum. I say this because mining coins are scams, so are IPOs.
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*Reads 5th Generation Coin in Title* *Does not see a 5th Generation coin. Sees a 1st Generation Bitclone* Personally I was skeptical before I loaded this thread.  |
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The comparison with the internet is a very flawed argument. The internet has this proprietary infrastructure which can't be easily replicated unless one is willing to lay down an entirely new telecommunications network. There is no associated proprietary infrastructure with Bitcoin and anyone can make a Bitclone.
Furthermore - the velocity of money and contractions in real money supply would prohibit Bitcoin from ever seeing a market capitalization of $20 trillion (unless the US has hyperinflation and a loaf of bread costs $5 million).
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NxT does fit some characteristics of a scam - a flawed distribution and then BCNext, the original developer, who fled out of nowhere and reportedly sold all his stake and no longer contributes. At least Satoshi kept his coins. Back on the original topic on hand. The scam accusations about Numus aside, Numus is another mining coin and it's not 2009 - the mining coins are seen as environmentally irresponsible (Satoshi likely never predicted the use of GPUs, Asics and Pools) and they're all being killed at the moment by professional miners. Another mining coin is reason alone, even if Numus was legit, to stay away from Numus. |
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vapors
 You do know that NxT has been in development longer than NEM? BCnext had worked on NxT for an undisclosed amount of time before his announcement and then there was still a wait after the public announcement. Of course you should know that because you're a NxT holder like me. If we had to compare the development time between the two coins, NxT has spent more time in development than NEM has. If you want an example of vaporware then you want eMunie - that was announced back in March 2013 (not 2014) and has been delayed close to a half dozen times. |
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I just joined the NEM waiting list. Some of my friends are TOTALLY into this coin. They think it's going places. I have been looking around and from what I hear most of these coins available are just copies. Why are people buying copies? NEM is not a copy and it has a lot of people behind it. But seriously, why are people buying copies so much?
I know at least two acquaintances who don't post on this forum (they do lurk) and they intend to purchase some NEM at launch, despite never owning any digital currency. I've also been implanting the idea in other people but no guarantee if any will follow through. I also intend to purchase more myself. I think the enthusiasm for NEM easily outstrips the enthusiasm for BTC back in 2009. I think it's because of NEM's features, the fair distribution and the fact that digital currencies are a proven technology but the deliverance has been mediocre if not substandard so far. NxT wasn't bad itself - I remember vaguely people were impressed by it but all the FUD about the distribution and the code did that coin in. I don't think the NxT whales comprehend how bad the FUD was and is. |
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Everyone knows Worldcoin is dead as a doornail, what's with these posters. Numus coin? what the hell is a Numus coin? Oh, it has an IPO, aka scam.
It's also not 2009. Numus is another mining coin and most people are wary of them and the professional miners are killing them. |
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Lol at BTC which claims 15 minutes transactions. I remember my first ever BTC purchase and it took over 8 hours for the coins to be confirmed. Not sure why people think BTC can't be replaced by something better.
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$1 million x 12 million BTC = $12 trillion market capitalization?  It's maybe possible that digital currencies could be worth $1 trillion in the far distant future but I see that being split between a dozen or so coins. |
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  Nothing new, eh? Screenshots are the NEM client. Nxt is the only released second generation out there and NEM will be releasing soon. eMunie is another second generation but it's vaporware (e.g., will never release). |
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