NXT doesn't have centralized checkpoints.
Other PoS (Peercoin?) may have those.
A distinction has to be made here if you want to stay objective.

Dont buy anything there, it's dangerous.

Don't. You obviously don't understand what a decentralized exchange is. Stay away from it.

Just don't buy it anyway, NXT doesn't like you

No, please don't buy it, it is not for whiners.

You've just confirmed my suspicion about you being butthurt, well, my friend, you are the only person on Earth that can help yourself. Nobody else can. Only you.

I noticed you butthurt or something about NXT, what's your problem? Don't like it - don't invest.

Ideas of communism, interesting.

The mods can only remove it from the forum or put it into scam alerts thread.

Nobody can remove assets from decentralized exchanges, that's how they are designed.

That is why I said above that the problem for an asset issuer is to convince people to invest, because by default there is (should be) zero trust for a newcomer.

You can check it here:
https://nxtforum.org/index.php?board=62.0

Some projects/assets are listed under:
https://nxtforum.org/nxt-projects/

But keep in mind that moderators cannot know beforehand whether the asset issuer is a scammer, so they can only react to scam reports after the scam took place.

I, personally, don't invest in IPOs, only buy when I see at least an alpha release of the software. Then I know the asset issuer actually is capable to deliver. But of course there are a lot of other factors, do your own investigation before you invest in anything, learn as much as you can.

Besides scams there can also be unsuccessful assets, assets that are not profitable. It's not that the asset issuer is a scammer, it's that their startup company just didn't make it and went bankrupt or their product doesn't sell, so they can't pay dividends. After all 70-90% of startup companies just fail.

Would you give someone your NXTs if someone on this board posted 'give me your money and I'll give you silver, gold or whatever tokens'?

This could be a promising one:
https://nxtforum.org/nxt-mobile-app-co/

There is nothing to prevent listing a fraudulent asset on a decentralized exchange. The problem for the issuer would be to convince people to invest in the asset. If it looks, walks and talks like a scam, obviously don't buy it.

But you have to be careful with all assets, regardless of that some don't look suspicious, the general rule "don't invest more than you can afford to lose" applies.

Dude, how can you think of this scenario, if you clearly have no idea what you're talking about at this stage of development PoS coins have either centralized (Peercoin) or decentralized rolling (NXT) checkpoints, which means nothing can be changed before the checkpoint block no matter how many coins you have or had, everything before the checkpoint block is irreversible and cannot be overwritten. You pull out crazy ideas out of your ass with your half knowledge, please feel free to educate yourself first

Exactly, when? BitShares can run anything they want on testnet, just like NXT can test anything on testnet, it's when it goes to live net that counts as the implementation.

So, you're assuming investors will be buying the first 2 years and hodling. Also assuming that there will be enough investors to keep buying from miners constantly dumping on the market to keep the price stable or even going higher. Ok, it's hard to argue with that logic. Like you said price discussions are pointless. Let's wait what happens. But 2 years is an eternity in crypto space.

Not quite. It relies on stakeholders' vested interest to keep the network running, at a profit or not. At a profit is better but not necessary. It's hard to tell what the fees will be in the future and how many txs the network will be processing, so it's hard to tell what that profit might be. My point was that forging is not to gain profits from it. Forging and running nodes does help profits indirectly, because it makes network stronger, which makes NXT stronger, but profits are only a side effect.

Now I have a question for you. Who subsidizes delegates in BitShares? Where do they get profits from or at least how do they cover their hardware expenses if the fees are planned to be very very low? Isn't this also relying on inflated (in fiat) tx fees in the future?

Come on, what network effect?! Bitcoin had years before altcoins, Monero and others launched about the same time, where is the advantage?


It might go pretty close to zero, emission has just started and will take years with Monero emitting twice as much as Boolberry or others.

You guys are just living in illusions I agree about the Bitcoin network effect (although it's debateable that the latest bubble in November and perhaps the one in April, 2013 were spurred by Mt.Gox bots), but a network effect in Monero and first mover advantage? That's just silly.

There are 75 BTC against 89000 XMRs at Poloniex, divide 75/89000 = 0.0008, that's the average price buyers are willing to pay. Frankly, I don't see how the price can be 5x higher than its closest competitor Boolberry, both coins are technically equal. Even hero members are not bigger than the market and can't support the price indefinately.

I would expand this to:

Banks aren't going anywhere, if only for the reason that many people can't secure their cryptos on their own and will lose them to hackers, that's why at least some banks will make business keeping cryptos for people and charging them storage, insurance and of course transfer fees, when they need to withdraw small amounts to their personal wallet for spending. People need peace of mind and live their life without worrying about losing coins. Banks give them peace of mind, same as they always did. At least until a bank run happens, haha.

Sure, why not. First of all, there is no way this can be controlled, second, it's good for NXT that other coins are priced in NXTs. NXT is way ahead of competition, 8 months of live net running may not seem like a long time, but enough to give credibility to the NXT concepts and code. Other coins 2.0 will have to overcome the same trust issues from potential investors, because they haven't proven themselves on the live network. Investors don't like it when bugs happen, the longer the live net runs, the less chance bugs or successful attacks will happen.