NXT price makes no sense to me.

[Fatoshi]

*Disclaimer Firstly I swear I own zero NXT. Actually I am almost 100% in XBY and anyone can see my past posts on this.



But NXT makes no sense to me being at such a low price. Just for newbies why weren't around a few years ago. NXT was the first POS stake coin ever, when it came it shot right to top of coinmarketcap I think maybe 2nd place. There were even ATM's that had BTC and NXT it was that popular. My point is coins like Litecoin are shitcoins basically and if someone made Litecoin today it would get no where. But I respect that it was a first of its kind and therefore deserves a high position. So why has NXT not held a high position to being the first POS coin and also basically invented the ICO we see today.

A little background on the distribution. So a guy pops up on bitcontalk called BCNEXT he tells everyone about his project and asks for BTC to be sent so he can send out NXT to whoever wants it.

https://bitcointalk.org/index.php?topic=303898.0



Ok so this is the WHOLE issue people have. BCNEXT kept this open for a while some days at least and not many people wanted to send money to some guy but a few did and sent half a btc etc. Well those people became very rich in about 1 month. The entire community of crypto was butthurt cause they didn't get in and so the FUD started and NXT was in the end destroyed and in its place the project NEM came about so they could basically do a NXT but more people involved. Ironically those who threw a bit of  BTC into NEM eventually got as rich as those NXT investors and so achieved what they so passionately attacked. Now we don't know if BCNEXT really planned the ICO to get himself rich but he did open the door for anyone to take a risk and we actually have zero proof he took a large share himself. Ontop of that the developer of IOTA was actually employed by BCNEXT to develop what was quite rough code supposedly. I personally think that NXT did not deserve the FUD attack it got, it came mainly from butthurt and also even if the developer did plan a cash grab then its no different to what ICO do now daily. I personally think he couldn't know how quickly and big NXT got and just wanted to get his coins out to people and didn't have any developed way to do that considering there was no POW. BUT even if it was a cash grab then still as it was the first POS it deserves to be a top 10 coin surely?


So why I don't stand to benefit from a NXT rally I think it makes no sense its so ignored now by present day investors. I mean it invented POS and the crypto ICO! And as the latest wave of money is searching real value and repeated projects then ignoring NXT makes no sense.

Discuss.


look at this. This was probably peak of NXT. I guess it didnt get to top 3 but still. The prices looking back are quite cute. lol

https://coinmarketcap.com/historical/20140727/

[bbc.reporter]

It is a simple pump and dump done by the whales. There is a chance that they are doing it with the profit they got from the Ardor ICO by proxy which was also questionable. They could have done a proof of burn instead of what appears to be a coin split that doubled their holdings.

[Fatoshi]

It is a simple pump and dump done by the whales. There is a chance that they are doing it with the profit they got from the Ardor ICO by proxy which was also questionable. They could have done a proof of burn instead of what appears to be a coin split that doubled their holdings.

What the hell are you talking about?

Wrong thread im guessing.

[Nipperkin]

yeah NXT is seriously underrated, shhh don't tell anyone as I want to buy more before it's up there with it's peers.

[Thenoticer]

Actually peercoin was first coin that used pos. It was a hybrid pow pos. Nxt was first to use just pos. Nxt launched at the same time mastercoin ico launched. Which led to counterparty and at same time  a mastercoin consultant named vitalik spun off some realizations from his mastercoin work and had an ico for his idea of eth.

Back to nxt. Nxt is being used as a distribution network for the ardor chain and soon the ignus childchain snapshot. Current nxt devs are set to discontinue work on nxt, and instead support the business minded network of ardor, of which many child chains can be created.

Nxt the network will most likely survive, however it appears the value is passing to ardor and ignus. Id image a price drop folloed by a long accumulation period by some whale and then new dev team and big increase.

[Fatoshi]

Actually peercoin was first coin that used pos. It was a hybrid pow pos. Nxt was first to use just pos. Nxt launched at the same time mastercoin ico launched. Which led to counterparty and at same time  a mastercoin consultant named vitalik spun off some realizations from his mastercoin work and had an ico for his idea of eth.

Back to nxt. Nxt is being used as a distribution network for the ardor chain and soon the ignus childchain snapshot. Current nxt devs are set to discontinue work on nxt, and instead support the business minded network of ardor, of which many child chains can be created.

Nxt the network will most likely survive, however it appears the value is passing to ardor and ignus. Id image a price drop folloed by a long accumulation period by some whale and then new dev team and big increase.

I did not know this, interesting. In some ways i'm still surprised Original NXT is being abandoned. I don't know of any other project where the original tech is taken over by a coin copying it. I guess that how bad an image it has.