Poll result: NXT is a proper cryptocurrency

[BitUsher]

But NXT has 0 inflation. All the revenue NXT stakers get is from transactions.

If there are less transactions, then miners dont mine that much, so either there are many transactions and people dump it, or there are less and people are not interested.

This is exactly my point. It should be trivial to keep NxT price stable or even grow it with 0 inflation. Tx volume can easily be faked in a coin , and the fact that there is so little of it shows that no one is using it for anything besides speculation.

I think Nxt price has decreasing in particular because of the many asset crowdfunding.

I agree. Downward price indicates a combination of current adopters investing in Nxt Assets and bagholders selling off their coins outpacing new adoption from elsewhere. Either way it should be troubling.

One could speculate that once Bitcoin bubbles up again it will bring new interest in all crypto and reverse this trend for Nxt. The concern with this is Nxt isn't just losing value and market cap in relation to bitcoin but losing its ranking in general slowly. This means that when renewed interest comes into our ecosystem than people will be focused on diversifying their investments with other shiny new toys like ethereum.  

Than there are all of the "black swan" coins that will be released. Paycoin was able to scam a large part of the ecosystem and it was promoted by a fairly small company. What happens when Goldman Sachs/IBM coin is released. For good or bad it will give bitcoin a run for its money let alone everyone else. Very few of these corporate /banking coins will partner with XCP, Nxt, BTs, ect either ... they are going to clone the code and control it themselves. This has already started to happen with companies that are really supportive of BTC with the example of Medici/t0 taking what it needed from counterparty devs , and dropping them.  

[Spoetnik]

once Bitcoin bubbles up again it will bring new interest in all crypto

ohh really ?

you all love clinging to that notion eh  
*if it does happen it won't be the same like you guys are implying..
things are different.. very different !
when I started there was about 50 coins roughly and now there is around 8,000
AND a HUGE shitload of victims all over.
just read Mark (from Mt. Gox) Tweeting about his beautiful sunrise and how he burned everyone.
or guys who were suckered and bs'd with coins like Crypt or Blocknet or or or..
times have changed guys.. drop the repeat game crap.. it's not happening wake the hell up !
so bearing that in mind your last comment here on the future of NXT looks radically different now doesn't it ?
your all delusional I figure.. just hanging on because your clutching a bag of Ponzi Tokens.. hoping and praying to get some of your investment back.
and THAT was your problem..
When Bitcoin exploded and I seen little kids asking (on Cryptsy Chat) every 2 minutes how to get money from their bank account onto Cryptsy (to buy shitcoins)
I knew it was going to end badly.
One guy was in here crying that he borrowed his Mom's $5,000 savings to buy NMC's (Name Coin) at the height of it's price during the BTC boom
and it had tanked of course and he said his Mom was bugging him.. she wanted her money back.
So what do you think you all told him ?
It's going to the Moon ? Arise Chicken ? Hold your coins because they will be worth a grand each soon ?
of course not.. you guys said he was an idiot and no one had any sympathy for him and you all told him his money is gone !
So yeah I think most of you know this crap is dirty, stained and doomed.. BUT
you put on a brave face publicly.. because you have to.. clinging to a false hope.

[BitUsher]

once Bitcoin bubbles up again it will bring new interest in all crypto

ohh really ?

you all love clinging to that notion eh  
*if it does happen it won't be the same like you guys are implying..
things are different.. very different !

You are assuming too much. I never suggested 5-10x bubbles will keep occurring. In fact I suggest bitcoin has some stiff competition from all the new corporate "blockchain 2.0" coins that will be released in the coming years. This being said, even if you are pessimistic about bitcoins longterm viability it is a fairly safe assumption to believe that it still has some room for growth based upon momentum alone and the fact that its disinflationary.

[RealBitcoin]

But NXT has 0 inflation. All the revenue NXT stakers get is from transactions.

If there are less transactions, then miners dont mine that much, so either there are many transactions and people dump it, or there are less and people are not interested.

This is exactly my point. It should be trivial to keep NxT price stable or even grow it with 0 inflation. Tx volume can easily be faked in a coin , and the fact that there is so little of it shows that no one is using it for anything besides speculation.

What is wrong with speculation, if the assets are ok and are bringing in new guys, and are giving genuine profits (not ponzi scams), then it can be an investment platform.

A crypto-stock market.

Not all coins have to be currencies, some might have different roles.

I think Nxt price has decreasing in particular because of the many asset crowdfunding.

I agree. Downward price indicates a combination of current adopters investing in Nxt Assets and bagholders selling off their coins outpacing new adoption from elsewhere. Either way it should be troubling.

One could speculate that once Bitcoin bubbles up again it will bring new interest in all crypto and reverse this trend for Nxt. The concern with this is Nxt isn't just losing value and market cap in relation to bitcoin but losing its ranking in general slowly. This means that when renewed interest comes into our ecosystem than people will be focused on diversifying their investments with other shiny new toys like ethereum. 

Than there are all of the "black swan" coins that will be released. Paycoin was able to scam a large part of the ecosystem and it was promoted by a fairly small company. What happens when Goldman Sachs/IBM coin is released. For good or bad it will give bitcoin a run for its money let alone everyone else. Very few of these corporate /banking coins will partner with XCP, Nxt, BTs, ect either ... they are going to clone the code and control it themselves. This has already started to happen with companies that are really supportive of BTC with the example of Medici/t0 taking what it needed from counterparty devs , and dropping them. 

I dont think that the investment assets bring the price down, They are a derivative of the NXT not a competitor of it, and you can only buy the assets in NXT so if somebody wants to buy Supernet shares, they have to buy NXT.

Its more likely that the big holders are dumping their staked profits. Remember its still a fairly centralized coin, and if they dump more, then it becomes decentralized.

NXT is on the right path to be decentralized, so i dont worry about this.

---------

I dont think ETH will do anything significant, for the time being, its just an overhyped bubble, it will pop like XPC and other probably.

NXT has far more solid achievements behind it, and if they would hire a PR/Marketing team, it would rock immediately.

[BitUsher]

Its more likely that the big holders are dumping their staked profits. Remember its still a fairly centralized coin, and if they dump more, then it becomes decentralized.

NXT is on the right path to be decentralized, so i dont worry about this.

If this was the case we would see an uptick in volume with more users. The fact we see a large drop in volume indicates that the coin isn't becoming more decentralized but old investors are selling for assets and original investors selling to later investors that still have faith in the currency.

NXT has far more solid achievements behind it, and if they would hire a PR/Marketing team, it would rock immediately.

BTS tried this strategy and failed miserably. There isn't any magic bullet with hiring a PR firm or fixing the wallet. What NXT needs is a use case ... it needs merchants to accept it as a currency and users to know it even exists. This doesn't come easily and something that NXT has barely even begun to work on and now are very far behind the race.

What is wrong with speculation, if the assets are ok and are bringing in new guys, and are giving genuine profits (not ponzi scams), then it can be an investment platform.

A crypto-stock market.

Not all coins have to be currencies, some might have different roles.

Is this what Nxt has become? A platform for selling "asset" tokens? Are any of these asset tokens representing real companies with real assets and employees?

[klee]

Question is why is NXT price falling? Aliens?

I don't know, long time ago I sold my NXT and stopped paying attention to the price. Maybe aliens, right.

This is the reason NXT is falling/failing.

This idiot.

Admire this shithead.

[Come-from-Beyond]

This is the reason NXT is falling/failing.

This idiot.

Admire this shithead.

Hehe, this reminded me one joke about commas. Falling - yes, we see this on price charts. Failing - pretty bold statement, maybe subject to linguistic nuances.

[DecentralizeEconomics]

Question is why is NXT price falling? Aliens?

I don't know, long time ago I sold my NXT and stopped paying attention to the price. Maybe aliens, right.

This is the reason NXT is falling/failing.

This idiot.

Admire this shithead.

Says the dumbass who uploaded his private key to dropbox unencrypted.

[l8orre]

Wallets are irrelevant compared to the Holy Grail of user-programmable Turing-complete smart-chains.  And I like CLI anway.   

Yes, exactly like all those little old ladies that populate those slot machine parlours in Vegas.

Oh, and while we are at it: Can you please present to me a Turing machine that computes PI?

And I DO mean a real Turing machine, not some abstract lazy slob proof that says that the digits of pi are Turing computable, hence there must also exist a Turing machine that performs said feat.

Wallets are for the kind of noobs who don't understand why NXT failed.  For now, they can just keep their ETH on Poloniex (with 2FA).

awwww man, you really are a small scale thinker. I have a better idea for you: Why don't you deposit your coins at Goldman Sachs?

Everyone capable of making stuff for NXT is going to have a blast with ETH.

Are you implying that NXT is Turing complete? 

NXT is the cargo cult's bamboo version of ETH.

In a cargo cult, the precedent artefact is the real one, and the mockery follows. Sorry, but you have it backwards.

[bitgolden]

NXT is the first alt coin released it's client on Java based. At least one innovations was enough for initial success by late 2013. Now NXt facing scam accusation. Ridiculous.

[John_Paul]

Hehe, this reminded me one joke about commas. Falling - yes, we see this on price charts. Failing - pretty bold statement, maybe subject to linguistic nuances.

Some time human nature is disappointing. Even though you made them millionaires they will come back to ask more after they blow their fortunes.

[bcdev]

@John_Paul:
Mike Tyson is an extreme example. Peak net worth $300 mil, now broke.

[Come-from-Beyond]

Even though you made them millionaires they will come back to ask more after they blow their fortunes.

What a funny coincidence, I'm planning to made them millionaires again. Check my post history next month to find the announcement thread if you want to watch this.

[hiddensphinx]

There are some good NXT assets which pay dividends?

[BitUsher]

There are some good NXT assets which pay dividends?

Crypto asets in general are high risk and have a horrible track record. There are no known Nxt Assets that have actual companies, physical locations, real assets, and clients who purchase goods and services besides equity in their project like a normal stock.

Most appear to be investments into devs to support vaporware or half finished projects or are outright ponzi's.

[John_Paul]

There are some good NXT assets which pay dividends?

Crypto asets in general are high risk and have a horrible track record. There are no known Nxt Assets that have actual companies, physical locations, real assets, and clients who purchase goods and services besides equity in their project like a normal stock.
Most appear to be investments into devs to support vaporware or half finished projects or are outright ponzi's.

Some assets were issued by public registered companies at NxtAE. DeBuNe is one of them. DeBuNe is registered in Singapore. If you have any question you can directly ask DeBuNe guys at NXT forum.

[John_Paul]

@John_Paul:
Mike Tyson is an extreme example. Peak net worth $300 mil, now broke.

Mike Tyson earned his money.  But in the crypto world, some people (like some of the NXT whales), they invested 1 btc or less in a coin and suddenly became millionaires after the launch of this coin. It is just pure luck.

After receiving this sudden fortunes, they became delusional and looked their luck as their entitlement. If their fortunes were shrinking and not growing they stated to blame those people who brought the fortunes to them in the first place. What a wretched heart!

[BitUsher]

There are some good NXT assets which pay dividends?

Crypto asets in general are high risk and have a horrible track record. There are no known Nxt Assets that have actual companies, physical locations, real assets, and clients who purchase goods and services besides equity in their project like a normal stock.
Most appear to be investments into devs to support vaporware or half finished projects or are outright ponzi's.

Some assets were issued by public registered companies at NxtAE. DeBuNe is one of them. DeBuNe is registered in Singapore. If you have any question you can directly ask DeBuNe guys at NXT forum.

Hmm... I looked through their site and do not see any product or service I can purchase from them besides giving them donation in money/code or buying their asset. What product or service can I buy from them besides the asset? Investing in a company prelaunch with no product or service is riskier than penny stocks.

[iCEBREAKER]

There are some good NXT assets which pay dividends?

Crypto asets in general are high risk and have a horrible track record. There are no known Nxt Assets that have actual companies, physical locations, real assets, and clients who purchase goods and services besides equity in their project like a normal stock.
Most appear to be investments into devs to support vaporware or half finished projects or are outright ponzi's.

Some assets were issued by public registered companies at NxtAE. DeBuNe is one of them. DeBuNe is registered in Singapore. If you have any question you can directly ask DeBuNe guys at NXT forum.

[bcdev]

Mike Tyson earned his money.  But in the crypto world, some people (like some of the NXT whales), they invested 1 btc or less in a coin and suddenly became millionaires after the launch of this coin. It is just pure luck.

After receiving this sudden fortunes, they became delusional and looked their luck as their entitlement. If their fortunes were shrinking and not growing they stated to blame those people who brought the fortunes to them in the first place. What a wretched heart!

I agree with you. I just think that the psychological mechanism is the same in both cases. Sport stars also transition from zero to millionaire in a very short time.