jubalix
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Activity: 2660
Merit: 1023
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July 11, 2015, 08:21:48 AM |
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NXT is easier to understand than BTC.
You have a simple NXT-account that has a balance in coins, and that has things like assets in it, protected by a passphrase. Just like your internet banking account. No need to backup wallet-dat files on usb-sticks. You send from the account, you receive in the same account. No strange in/out transactions and return addresses for change, no importing private keys. Try to 'follow the money' on the BTC blockchain, its hard, it goes all over the place. One BTC wallet has several addresses in it, things like that.
I remember I found NXT much more intuitive after having used BTC and LTC for a while. Of course the default NXT wallet has a lot of extra buttons and features. Assets, voting, messaging, the marketplace. It can be overwhelming if you just expect a digital wallet for payments.
the whole local host thing (not sure if you still need to do that) is confusing for many. It got a lot simpler. Run nxt.exe and click the new icon in the tray, open the wallet (in the browser). No more scary black cmd-boxes...  Also byt has many wallet and platform options that give is a ver bi advantage and can be effectively recast for various segment of users. Yes, NXT is still quite young, there are only a couple of wallets at the moment. The wallet.dat makes people fell they have wallet and ownership that perhaps the cloud does not convey. Made me feel rather nervous, reading about having to back it up on usb-sticks, what if my usb-sticks gets corrupted, what if my disk crashes, \ The average user is used to cloud-services. Online banking, online file storage, online everything. All just a bookmark and a password away. I agree the cloud may be more resistant and redundant thus safe and accessible (I like both). its just a file called wallet on usb stick is a metaphor to their own wallet they pick up, and it allows them to segue into the realm of cryptos. |
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K210
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July 11, 2015, 09:09:38 AM |
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The value of a coin is attained from how well that coin serves its intended purpose. Bitcoin serves its intended purpose (transaction network) well so it has value, NXT on the other hand does not have a set purpose. What is NXT trying to do? Challenge bitcoin? Become king of POS? Until NXT has a clear purpose and people use NXT for that purpose NXT wont gain real value.
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Mickeyb
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July 11, 2015, 10:21:36 AM |
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The value of a coin is attained from how well that coin serves its intended purpose. Bitcoin serves its intended purpose (transaction network) well so it has value, NXT on the other hand does not have a set purpose. What is NXT trying to do? Challenge bitcoin? Become king of POS? Until NXT has a clear purpose and people use NXT for that purpose NXT wont gain real value.
No I don't think NXT is trying to challenge Bitcoin, that's why I wrote in my post above that every bitcoiner should owe some NXT since these two cryptos are in a completely different ball park in my opinion. Bitcoin is a currency, NXT is a financial platform. Bitcoin essentially allows you to send tokens from one to another person and even this is hard to believe for the ordinary Joe. Wait until this ordinary Joe gets used to this! This is called adoption! Wait also until this ordinary Joe doesn't realize that he can do 20 different things with NXT! I will ask you about the price then. So yeah, NXT doesnt have a user base large enough at the moment. This is essentially BTCs job, to brake the ice first. In that context, NXT and BTC are accomplices, not opponents. Also it is good that NXT doesn't show its real value at the moment. This allows for the features to be rolled out in the amazing pace, something BTC will never be able to do because of its size, I mean look at the block size debate, BTC is just over conservative, which is normal if we consider risk of changing things at this moment. |
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EvilDave
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July 11, 2015, 11:16:21 AM |
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The value of a coin is attained from how well that coin serves its intended purpose. Bitcoin serves its intended purpose (transaction network) well so it has value, NXT on the other hand does not have a set purpose. What is NXT trying to do? Challenge bitcoin? Become king of POS? Until NXT has a clear purpose and people use NXT for that purpose NXT wont gain real value.
Here's an example of what you can do with NXT: http://cointelegraph.com/news/114814/greek-island-trials-digital-currency-solution-to-boost-economyNxt (the technology) does have a set purpose: to provide a set of tools that enable crypto-currency users to create their own projects. NXT (the currency) is simply the fuel to power the Nxt system, and it will inevitably gain value as more projects utilise the Nxt blockchain. |
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—
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Activity: 288
Merit: 102
Yin Yang religion of wisdom, harmony
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July 11, 2015, 11:54:51 AM |
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So in a year and a half it was not possible to sustain the price, only needing to find pocketchange to do so. Scary |
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Mickeyb
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July 11, 2015, 12:19:01 PM |
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So in a year and a half it was not possible to sustain the price, only needing to find pocketchange to do so. Scary Well you can say the same for Bitcoin, can't you? |
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box0214
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July 11, 2015, 03:31:35 PM |
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give it time... its still relatively new and most ppl haven't even installed the client...
what did you expect? for it to keep going up?
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ðºÞæ
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Activity: 1176
Merit: 297
Bitcoin © Maximalist
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July 11, 2015, 03:53:32 PM |
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give it time... its still relatively new and most ppl haven't even installed the client...
what did you expect? for it to keep going up?
For starters the 'joke' Dogecoin got almost 100 times higher investment in the last 24h and its younger. |
"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling." Satoshi Nakamoto, April 2009 Avoiding taxes is totally legal if you consider and respect the law.
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bit1
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Activity: 938
Merit: 1000
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July 11, 2015, 04:03:32 PM |
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Why is NXT not the number 2 coin? Because is more easy use normal Wallets to more peoples, And besides NXT had a worst distribution.And the more important is that NXT is oriented to Bussines only.
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box0214
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July 13, 2015, 01:42:00 AM |
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i think it's just waiting for that right app to make use of its features..
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JReag
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Merit: 10
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July 13, 2015, 04:37:25 AM |
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I'd imagine the real reason is risk.
Why would NXT be number 2? The features and use cases it presents are faaaaaarrrr more complex than that of Bitcoin. Imagine the risk of trying to delve into such a platform compared to the risk of a more basic Bitcoin.
Hard case to make, yeah?
I'm saying this as someone who likes NXT. If you like NXT - you buy and hold. You'll likely make more profit from Bitcoin in the short term, but dang does NXT have potential. (as does Bitshares IMO)
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Este Nuno
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Merit: 1002
amarha
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July 13, 2015, 09:29:03 AM |
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I think the complexity of NXT is highly overrated in general and generally stems from the fact that you need to run the NRS wallet from the local server on your computer.
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Ingatqhvq
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July 13, 2015, 09:50:24 AM |
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The price is a little sad.
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box0214
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July 13, 2015, 04:48:50 PM |
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sad indeed... they just released a new version today... v1.5.13 .... all this active development .. just baffles me on the price... maybe because there are no real pumpers to hype the coin. is just relying on the system to sell itself..
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barbierir
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July 13, 2015, 06:25:14 PM |
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sad indeed... they just released a new version today... v1.5.13 .... all this active development .. just baffles me on the price... maybe because there are no real pumpers to hype the coin. is just relying on the system to sell itself..
I'm happy that Nxt doesn't suffer from P&D as much as many other coins and the price is one of the most stable in Btc terms. This buys me more time to accumulate. We will come at a point in crypto where tech, instead of speculation, will be the main drive in order to succeed in real world applications, and I know Nxt will be there. |
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Este Nuno
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amarha
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July 14, 2015, 03:56:53 PM |
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Yes, it was unfortunate that they didn't meet their Kickstarter goal. Still, they had 125k out of 200k pledged, which is nothing to sneeze at. It would have been nice if Kickstarter wasn't all-or-nothing funding, as I'd imagine they could get a good amount of progress out of 125k and then come back for more funding through another method if needed. I wonder what they are doing now. Probably seeking a new funding arrangement I'd imagine since there's clearly a lot of interest for this type of game. |
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box0214
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July 14, 2015, 04:03:30 PM |
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it does look good... its good that they are jumping on the minecraft bandwagon.... i can see retro video games coming back into the scene... unique digital assets like a sword or shield you craft in a game would be an interesting development knowing it can't be duplicated with a blockchain.
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yeponlyone
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July 14, 2015, 07:21:03 PM |
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What can you actually do with NXT, besides trading and buying assets from other NXTers?
Well, I exaggerate, but very, very few outside this forum have a clue of NXT. And then they have their problematic PoS...
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