NXT dying?

[K210]

Ever since etherum came out it seems that NXT has been on a steady decline, is this a sign that NXT is slowly dying? What are your thoughts on this?

[barbierir]

The answer is NO

This down was expected, people dump a coin trying to make money with the next hyped one. There are also people that really believe that Ethereum and Nxt are in direct competition or that Eth will take over the world. Some are even more irrational and believe that every up and down on CMC is relevant for the long run. They can't see the wood for the trees.

SuperNet with InstantDex and a trainload of other services are near launch and Nxt is one of its core components. This is a tech that offers real useful services for traders, businesses and end users. This makes real world difference for the long run. Ethereum can join as well in future.

[tyz]

SuperNet with InstantDex and a trainload of other services are near launch and Nxt is one of its core components. This is a tech that offers real useful services for traders, businesses and end users. This makes real world difference for the long run. Ethereum can join as well in future.

Agree. NXT is not dying. But there was less news over the weeks so the price declines. This is a usual behaviour into crypto currency world. The releases of SuperNET components will bring NXT price back to its former highs.

[Ayers]

i remember that the early adopters of this coins dumped a shitload of coins so if it is dying it's well deserved, i prefer midsafe if i must choose

[kushti]

Nxt is definitely not dying:

1. 1.6 is coming. Features for 1.7 are in progress as well
2. There was a very interesting discussion in the dev maillist recently(not to be disclosed atm)
3. Heavily updated Nxt fork, Burst, got turing-complete scripting(so-called Automated Transaction) so Ethereum tech many months before the Eth. So Nxt can get this on-board very quickly, but for now it's better to watch the experiment aside

[Thenoticer]

Nxt is definitely not dying:

1. 1.6 is coming. Features for 1.7 are in progress as well
2. There was a very interesting discussion in the dev maillist recently(not to be disclosed atm)
3. Heavily updated Nxt fork, Burst, got turing-complete scripting(so-called Automated Transaction) so Ethereum tech many months before the Eth. So Nxt can get this on-board very quickly, but for now it's better to watch the experiment aside

Very nice.


This post has been noticed!

[tyz]

By asking if NXT is dying, is like asking if Google is dying  Good tech will always prevail.

[Undermood]

By asking if NXT is dying, is like asking if Google is dying  Good tech will always prevail.

Maybe the investors are a bit nervous for the declining prices of NXT! They put more attention on the price rather than the technical sides! From the replies, we know NXT is still supported by many ppl, it wouldn't die!

[box0214]

if your looking to make a quick buck. my advice, sell nxt...

its goal was not to compete with Bitcoin as a Currency and just judging it by the value of its nxt coins is not a good indicator.

[Zer0Sum]

Nxt is definitely not dying:

1. 1.6 is coming. Features for 1.7 are in progress as well
2. There was a very interesting discussion in the dev maillist recently(not to be disclosed atm)
3. Heavily updated Nxt fork, Burst, got turing-complete scripting(so-called Automated Transaction) so Ethereum tech many months before the Eth. So Nxt can get this on-board very quickly, but for now it's better to watch the experiment aside

I run a special program via the NXT API...
That estimates the numbers of "serious users" of NXT...
Roughly defined as the numbers of accounts with > $1,000 and > 10 tx in the prevoius X months.

The NXT user base has been dead flat at about 200-300 users (maybe 500 if you stretch it)...
So here you have a "growth business" that is dead flat for a year or more.

It doesn't matter what metric you use: (a) users or (b) price = NXT is dead flat...
This is in spite of adding many great new features... bolting on more features is a waste of time.

NXT growth needs to be viral... it's dead flat.

As for ETH,  it's built from the ground up to be used by banks and corporations and little guys...
It's a super-elegant design... much like the combination of DOS and Basic in 1984 that exploded...
So it's no surprise that IBM has been building on ETH for many months.

No serious business will EVER build on a platform controlled by ANONS from the Deep Web = NXT.
Plus NXT has no marketing strategy... "marketing" is constantly ridiculed in the NXT Forum...
And not only was SuperNET always a stupid idea... it simply has not been delivered.
 

[solid12345]

No serious business will EVER build on a platform controlled by ANONS from the Deep Web = NXT.
Plus NXT has no marketing strategy... "marketing" is constantly ridiculed in the NXT Forum...
And not only was SuperNET always a stupid idea... it simply has not been delivered.
 

Just playing devil's advocate, i've never used NXT or read much into it, I do know as a holder of NAUTcoin that NAUT is going to be changed over to NXT's monetary platform. With Brian Kelly's business and investment connections and a NAUT exchange opening soon in London with gold-reserves backing it and an airdrop into Greece, is it possible this could be something that will bring value and attention to NXT?

[Este Nuno]

Nxt is definitely not dying:

1. 1.6 is coming. Features for 1.7 are in progress as well
2. There was a very interesting discussion in the dev maillist recently(not to be disclosed atm)
3. Heavily updated Nxt fork, Burst, got turing-complete scripting(so-called Automated Transaction) so Ethereum tech many months before the Eth. So Nxt can get this on-board very quickly, but for now it's better to watch the experiment aside

I run a special program via the NXT API...
That estimates the numbers of "serious users" of NXT...
Roughly defined as the numbers of accounts with > $1,000 and > 10 tx in the prevoius X months.

The NXT user base has been dead flat at about 200-300 users (maybe 500 if you stretch it)...
So here you have a "growth business" that is dead flat for a year or more.

It doesn't matter what metric you use: (a) users or (b) price = NXT is dead flat...
This is in spite of adding many great new features... bolting on more features is a waste of time.

NXT growth needs to be viral... it's dead flat.

As for ETH,  it's built from the ground up to be used by banks and corporations and little guys...
It's a super-elegant design... much like the combination of DOS and Basic in 1984 that exploded...
So it's no surprise that IBM has been building on ETH for many months.

No serious business will EVER build on a platform controlled by ANONS from the Deep Web = NXT.
Plus NXT has no marketing strategy... "marketing" is constantly ridiculed in the NXT Forum...
And not only was SuperNET always a stupid idea... it simply has not been delivered.
  

I use NXT and would consider myself a serious user, but your program wouldn't include me.

But I use it more as a platform than as an investment.

[Zer0Sum]

No serious business will EVER build on a platform controlled by ANONS from the Deep Web = NXT.
Plus NXT has no marketing strategy... "marketing" is constantly ridiculed in the NXT Forum...
And not only was SuperNET always a stupid idea... it simply has not been delivered.
 

Just playing devil's advocate, i've never used NXT or read much into it, I do know as a holder of NAUTcoin that NAUT is going to be changed over to NXT's monetary platform. With Brian Kelly's business and investment connections and a NAUT exchange opening soon in London with gold-reserves backing it and an airdrop into Greece, is it possible this could be something that will bring value and attention to NXT?

I actually own a lot of NXT and was promoting it here for months...
But NXT cannot succeed as a mainstream business platform.

I invested in NXT...
With the understanding that they were building "privacy" services for the Deep Net...
You know, tap into the zillion dollar revenues from anon markets, torrents, VPNs, gambling, etc...
I mean "grey area" stuff that's legal in Country A, but illegal in Country B.

You need Balls of Steel to build shit like this...
But the 10 people that control NXT are afraid to get caught jay-walking. So it's a non-starter.

Check out today's 24 hour volume on NXT AE (it's been this low all summer)...
And the Top 5 Assets are controlled by one person = "James Lee".

So there are 2 problems right there: (a) zero liquidity (b) market manipulation

[BigSirko]

Nxt is definitely not dying:

1. 1.6 is coming. Features for 1.7 are in progress as well
2. There was a very interesting discussion in the dev maillist recently(not to be disclosed atm)
3. Heavily updated Nxt fork, Burst, got turing-complete scripting(so-called Automated Transaction) so Ethereum tech many months before the Eth. So Nxt can get this on-board very quickly, but for now it's better to watch the experiment aside

So it's no surprise that IBM has been building on ETH for many months.

 

Paul Brody no longer works at IBM and as far as we know IBM Adept was cancelled back in January 2015.

[Este Nuno]

No serious business will EVER build on a platform controlled by ANONS from the Deep Web = NXT.
Plus NXT has no marketing strategy... "marketing" is constantly ridiculed in the NXT Forum...
And not only was SuperNET always a stupid idea... it simply has not been delivered.
 

Just playing devil's advocate, i've never used NXT or read much into it, I do know as a holder of NAUTcoin that NAUT is going to be changed over to NXT's monetary platform. With Brian Kelly's business and investment connections and a NAUT exchange opening soon in London with gold-reserves backing it and an airdrop into Greece, is it possible this could be something that will bring value and attention to NXT?

I actually own a lot of NXT and was promoting it here for months...
But NXT cannot succeed as a mainstream business platform.

I invested in NXT...
With the understanding that they were building "privacy" services for the Deep Net...
You know, tap into the zillion dollar revenues from anon markets, torrents, VPNs, gambling, etc...
I mean "grey area" stuff that's legal in Country A, but illegal in Country B.

You need Balls of Steel to build shit like this...
But the 10 people that control NXT are afraid to get caught jay-walking. So it's a non-starter.

Check out today's 24 hour volume on NXT AE (it's been this low all summer)...
And the Top 5 Assets are controlled by one person = "James Lee".

So there are 2 problems right there: (a) zero liquidity (b) market manipulation

Pangea and MMNXT aren't run by James I don't think. Pangea is a SuperNET asset so SuperNET investors own a part of it, but it's a project by separate group of people. And I think MMNXT is run by Cassius, not sure on that though.

And while SuperNET is reliant on James for his development skills, over time it should become less so. In the short term I don't see it as any kind of problem.

Part of the reason that NXT assets don't attract a lot of volume at this point is because most people just buy them to hold and don't actively trade them.

CoinShuffle is ready to be implemented in NXT now if it's not in already, so that's a pretty solid addition to privacy. CoinShuffle is supposed to be superior to CoinJoin from what I understand, and I don't know of another live implementation of it yet, so that's pretty good. Not to mention all the privacy features that people will be able to use via SuperNET, which will be substantial. So there's been a lot of good progress on the privacy front if that's a major concern of yours.

[barbierir]

And with SuperNet you can easily use Nxt with the features of Bitcoindark, that is another huge improvement for privacy. And then you have Freemarket as a decentralized marketplace. Once again Zer0sum is making things up for his own agenda.

[solid12345]

Part of the reason that NXT assets don't attract a lot of volume at this point is because most people just buy them to hold and don't actively trade them.

Or there is just no demand. You can't have volume without demand. Now whether the lack of demand is a lack of true user interest or a lack of marketing is another debate.

[Este Nuno]

Part of the reason that NXT assets don't attract a lot of volume at this point is because most people just buy them to hold and don't actively trade them.

Or there is just no demand. You can't have volume without demand. Now whether the lack of demand is a lack of true user interest or a lack of marketing is another debate.

Well normally the business would sell of some percentage of equity for a certain price, or range of prices on the asset exchange. If they're able to raise the amount of funds they targeted then there was demand. Day to day trading between buyers and sellers of the asset who aren't the asset issuer are going to be a lot lower in volume than those fund raising periods. Obviously there are assets that don't attract any interest or demand, but then there are others who have no trouble raising the funds they need to. Day to day volume doesn't really tell the whole story about whether there is demand or not since the supply is directly controlled by the asset issuer.

There might be a day in the future where the asset exchange is so popular that that day to day trading by the buyers and sellers of assets alone results in lots of volume, but that's also not the primary objective of what the asset exchange is meant to accomplish. I see it more as a way to build companies or other investment instruments through funding, as well as an easy way to provide dividends back to the holders.

[GreenStox]

Not really ETHEREUM is at best an overhyped dogturd, at worst its a horrible scam.

Let's see: fast block processing?

Are you kidding me, the number of hardforks will be huge after the price becomes hard and the network is prone to collapse.

Not to mention they dont even have a fkin client that they promise for a year now. And when they release it it will be so bugged that alot of theft will occur due to security bugs and similar.

[sofu]

There are some nice assets like Liquid or MMNXT were you can get a nice return. But its not that worth when NXT price is only going down. When I loan some BTC on bitfinex or polonix to margin traders its probably lower risk and the same return. I like NXT and its my biggest altcoin hodl but I guess we can't have nice things before big boys like LSUM stops fucking around on exchanges


Ethereum have a nice volume and run now but I guess its only whale play to sell their IPO coins high. Remember last year, even coins like Blackcoin had a 20k BTC volume / day at mintpal. Its not that special like it looks. Depression will come also here with time