Why is NXT not the number 2 coin?

[sidhujag]

There are gateways which accept bitusd and give usd

Link?

https://metaexchange.info Off top ofhead for usd and i developed this site http://cryptosmith.info for gold and. Silver gateway

The link only shows pairs for BTC. Where is bitUSD/USD?

bitstamp or snapswap ripple USD Being built but you can use metaexchange for now and go thru bitstamp. Ccedk.com also have fiat accounts

[Daedelus]

So this...

There are gateways which accept bitusd and give usd

...isn't true? Nowhere you can give them bitUSD and get USD in return?

[box0214]

i too would like to know how u get bitUSD out into fiat?

[Snail2]

I second those opinions what points to the week marketing. NXT has far more unique features than most alts together, there are plenty of services, there is a great community... unfortunately outside of BTT and the NXT forums nobody heard about all of these goodies.

[testz]

IMHO Definitely Nxt is number 2 coin, right after BitShares 

[Snail2]

They've also got a decentralized market that's working but nobody uses it, even with everyone talking about OpenBazaar. It's baffling why nobody uses NXT it's a great crypto with ever more features it must be cursed or something  

I guess the controversial beginning can be one of the reasons. What is a silly thing as the fundraising was completely open, there were some rather big giveaways during the first stages of the testing and it was sold for a while for a few sats. Unfortunately everybody (including me) was occupied with collecting and dumping more and more shitcoins and taking part in the big BTC pump .

[rtrtcrypto]

There is a decent chance, certainly from all protocols currently on the market that I have seen, that NXT's ecosystem will eventually catch up with its core features and reliability - if/when that happens, watch out.

I don't see how anyone can pass up on at least picking up 100,000 NXT at these prices and just sitting back and waiting. Worse case scenario is a small loss in fiat! If ANYTHING on the platform hits even a single (forget a home run) outside of crypto - things will move very fast.

Stay outside at your own risk! I just don't see the upside in taking that position.

Just basic research will show much of the FUD is unfounded, certainly unfounded for someone to take a pass on something that could grow so much. Why do that to yourself? Why not just take a position and wait? Do some basic research and roll the dice that what you learn on your own is likely closer to the truth than blatant FUD.

Everyone seems to want to defend their pet coin and close their eyes. Certain coins, you turn your back on them at your own future financial risk. NXT is, for me, the one coin I would not want to short change or dismiss. You try to leave yourself in a good position for the future, just blindly turning away from something like this is dangerous for anyone interested in this space, IMHO. You could argue other coins also deserve your stern attention, no problem, but, if you dismiss NXT outright - you have failed to be objective and to do your own research. 

 

[tokeweed]

I think it's mostly due to first-mover advantage, and due to the community's perception that Bitcoin is "good enough." 

Not just that.  VC's are pumping millions (and soon to be billions) in Bitcoin related start ups.

[DecentralizeEconomics]

Being considered in the ESMA report does not seem very bad:

http://www.esma.europa.eu/content/Investment-using-virtual-currency-or-distributed-ledger-technology

Ya man, they took a good look at the CoinMarketCap Asset List.

http://coinmarketcap.com/assets/

Let's see:

NXT................... 37 assets all types/sizes, 60 sec blocks, liquid exchange, rock solid platform (I've done > 200 trades with zero issues)
Counterparty.......  7 assets, but near zero liquidity, 10-20 minute block times, down a lot just when you need it
Bitshares............  5 hedging assets, Wall Street ETFs and options will make these primitive tools irrelevant
Mastercoin.........   2 assets, but it's really all the controversial MAID vapor-PO
Nubits...............   who knew Jordan and his friends would sell a virtual Fed to the rubes?

Bitshares has 10sec block times with dpos and bitusd etc nxt doesnt have pegged assets only user issued assets.. Big lead for bitshares over nxt.. Nxt has better ui web wallet thats about it. Bitusd means you can essentially trade usd on blockchain.

They're derivatives contracts!  Stop lying to people!  Your "bitUSD" isn't actual USD.

Its not my bitusd. There are gateways which accept bitusd and give usd.. the value of
bitusd is pegged to usd and has been for 6 months. Thus I said essentially please reread and give more thought before responding.

This is a big advantage of bitshares over nxt.

The fact is that even with "gateways" bitUSD is fractionally reserved because the "gateways" in Bitshares aren't 100% reserved like in Ripple.  In Ripple, every IOU issued by a gateway is backed by the tangible asset (supposedly, if you trust the gateway operator).  In Bitshares, the "gateways" are simply a businesses taking a cut of processing transactions in and out of the Bitshares ecosystem.  Because Bitshares' "gateways" do not hold 100% reserves of the bitUSD, bitGold, bitSilver, etc to back the issued derivatives contracts which Bitshares, imo, disingenuously refers to as "assets", Bitshares cannot claim bitUSD is pegged to USD.  It's not pegged because if you can't fully convert all of the "digital assets" (Bitshares' derivatives contracts) to the physical asset there cannot be true parity.  What you have in Bitshares is a prediction market for derivatives contracts being sold to people under the auspices of it being equivalent to physical assets stored in a Swiss bank account.  This imo is not ethical and will lead to a lot of people who don't truly understand what they are purchasing being hurt.

[sidhujag]

Being considered in the ESMA report does not seem very bad:

http://www.esma.europa.eu/content/Investment-using-virtual-currency-or-distributed-ledger-technology

Ya man, they took a good look at the CoinMarketCap Asset List.

http://coinmarketcap.com/assets/

Let's see:

NXT................... 37 assets all types/sizes, 60 sec blocks, liquid exchange, rock solid platform (I've done > 200 trades with zero issues)
Counterparty.......  7 assets, but near zero liquidity, 10-20 minute block times, down a lot just when you need it
Bitshares............  5 hedging assets, Wall Street ETFs and options will make these primitive tools irrelevant
Mastercoin.........   2 assets, but it's really all the controversial MAID vapor-PO
Nubits...............   who knew Jordan and his friends would sell a virtual Fed to the rubes?

Bitshares has 10sec block times with dpos and bitusd etc nxt doesnt have pegged assets only user issued assets.. Big lead for bitshares over nxt.. Nxt has better ui web wallet thats about it. Bitusd means you can essentially trade usd on blockchain.

They're derivatives contracts!  Stop lying to people!  Your "bitUSD" isn't actual USD.

Its not my bitusd. There are gateways which accept bitusd and give usd.. the value of
bitusd is pegged to usd and has been for 6 months. Thus I said essentially please reread and give more thought before responding.

This is a big advantage of bitshares over nxt.

The fact is that even with "gateways" bitUSD is fractionally reserved because the "gateways" in Bitshares aren't 100% reserved like in Ripple.  In Ripple, every IOU issued by a gateway is backed by the tangible asset (supposedly, if you trust the gateway operator).  In Bitshares, the "gateways" are simply a businesses taking a cut of processing transactions in and out of the Bitshares ecosystem.  Because Bitshares' "gateways" do not hold 100% reserves of the bitUSD, bitGold, bitSilver, etc to back the issued derivatives contracts which Bitshares, imo, disingenuously refers to as "assets", Bitshares cannot claim bitUSD is pegged to USD.  It's not pegged because if you can't fully convert all of the "digital assets" (Bitshares' derivatives contracts) to the physical asset there cannot be true parity.  What you have in Bitshares is a prediction market for derivatives contracts being sold to people under the auspices of it being equivalent to physical assets stored in a Swiss bank account.  This imo is not ethical and will lead to a lot of people who don't truly understand what they are purchasing being hurt.

The gatewayi helped setup in cryptosmith has the actual metal and is selling for bitassets..its traded 1:1 with the backed asset and the shorts are held with 2:1 collateral on the blockchain.

I knowwhat you say though And collateral comez into play because assets are shorted into existence.

[TheMage]

Why is NXT not the number 2 coin?

Why does it have to be a measure of penis's around here (or is it peni)?

[tokeweed]

Why is NXT not the number 2 coin?

Why does it have to be a measure of penis's around here (or is it peni)?

So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying?

[habraken]

Why is NXT not the number 2 coin?

Why does it have to be a measure of penis's around here (or is it peni)?

So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying?

CMC != economy

[tokeweed]

Why is NXT not the number 2 coin?

Why does it have to be a measure of penis's around here (or is it peni)?

So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying?

CMC != economy

NXT's coins are limited.  If there is an influx of huge capital coming in NXT, naturally price will go up and the NXT economy will expand.

Marketcap is everything in this 'industry'.  If you're small you get ignored, if you're big everyone will notice you.  So hell yeah this is a dick measuring contest.

[habraken]

Why is NXT not the number 2 coin?

Why does it have to be a measure of penis's around here (or is it peni)?

So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying?

CMC != economy

NXT's coins are limited.  If there is an influx of huge capital coming in NXT, naturally price will go up and the NXT economy will expand.

Marketcap is everything in this 'industry'.  If you're small you get ignored, if you're big everyone will notice you.  So hell yeah this is a dick measuring contest.

Do you think Rimbit's marketcap of $ 915,244 actually means anything?
I consider marketcap only one of many indicators, easily manipulated (BanxShares with óne market) and there's things on CMC that are not even cryptocurrencies (Ripple or InstantDex).
Agreed, being in the top-10 does attract (superficial) attention. But serious people/businesses contemplating adopting a platform/currency for their use, will do a proper investigation before investing.

[tokeweed]

Why is NXT not the number 2 coin?

Why does it have to be a measure of penis's around here (or is it peni)?

So NXT's economy shouldn't be growing to more than a billion market cap, is that what you're saying?

CMC != economy

NXT's coins are limited.  If there is an influx of huge capital coming in NXT, naturally price will go up and the NXT economy will expand.

Marketcap is everything in this 'industry'.  If you're small you get ignored, if you're big everyone will notice you.  So hell yeah this is a dick measuring contest.

Do you think Rimbit's marketcap of $ 915,244 actually means anything?
I consider marketcap only one of many indicators, easily manipulated (BanxShares with óne market) and there's things on CMC that are not even cryptocurrencies (Ripple or InstantDex).
Agreed, being in the top-10 does attract (superficial) attention. But serious people/businesses contemplating adopting a platform/currency for their use, will do a proper investigation before investing.

What are you saying?  NXT is a bubble?

[habraken]

What are you saying?  NXT is a bubble?

No. I actually typed what I was saying.

[tokeweed]

What are you saying?  NXT is a bubble?

No. I actually typed what I was saying.

So if it's not a bubble its market cap actually means something.  And if it grows to over a billion due to investor interest it will matter more to both consumers and businesses.

[inBitweTrust]

CMC != economy

There are many more ways to judge the relevancy and usefulness of a coin other than market cap. NXT is dieing and become less relevant for many reasons. Most of the assets associated with Nxt are scams and ponzis as well.

Show me a millions of dollars flowing of VC funding flowing into a NXT project or a large change in merchant adoption and I will recant my concerns of NXT's future.

[tokeweed]

CMC != economy

There are many more ways to judge the relevancy and usefulness of a coin other than market cap. NXT is dieing and become less relevant for many reasons. Most of the assets associated with Nxt are scams and ponzis as well.

Show me a millions of dollars flowing of VC funding flowing into a NXT project or a large change in merchant adoption and I will recant my concerns of NXT's future.

I don't think NXT is dying.  They have a good, enthusiatic team.  And I think they are well funded.  They are a major sponsor in the upcoming Payment Expo.