PPC is not decentralized. An essential difference for a cryptocurrency.
That bubble-talk about Bitcoin is strange though in the article. I mean - who listens to industry professionals? If it were for them Bitcoin would be 0 now, because it's a ponzi
Is it not more like a Pyramid scheme?
Isn't a pyramid a kind of ponzi? Anyways, depending on your definition all currencies are a ponzi schemes... it just shows how little the established finance elite knows. They just don't get Bitcoin - and they lie so much about the dollar that they can't see the truth themselves anymore. I don't see how that's different now than a year ago, so there's no reason to listen.
Also doubt that NXT would take over if BTC bursts.
Not sure. Why do you think that?
If we talk about "within a year" , then I'm sure the BTC collapse would destroy confidence in all crypto. NXT is - like all alts - tied to the BTC value.
I think it's the biggest problem of Nxt that it's in a kind of bubble (more in the echo chamber sense). I don't see much use outside - nobody uses it for transactions rather than Bitcoin. Assets have the same issue: few are not Nxt-community internal. We need an Overstock to join or such.
Nxt is in a strange spot - in the middle of the action, but still ... even the general Cryptocommunity just doesn't talk about it much. Let alone the public. Other cryptos have much more attention and might catch up.
Granted it's all pretty young. Instant transactions for example might give NXT the standout feature it needs for businesses to take a look.
Also, this kind of shows they know nothing about NXT. It's absolutely horrid distribution(First 60ish NXT accounts hold 50% of all NXT coins) guarantees no Mainstream adoption.
I did my crying about it too in the beginning. But the more I learn about NXT the less I think it matters - or to be precise: It's a problem where no one has a solution. From the mass markets view, no cryptocurrency has good distribution - 70 holders or 70000 makes little difference.
Right now the price is rock bottom - with massive stakes being sold: Get in now, else you don't have an excuse to complain.
