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Author Topic: NXT breaks into the top 5 coins by market capitalisation!  (Read 2588 times)
mr_random
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December 22, 2013, 03:27:03 PM
 #1

See it for yourself right now at: http://coinmarketcap.com/



Notice how unlike the other cryptocurrency graphs, NXT shows no correlation as all to their movement. It's independent. This is because it's not a Bitcoin clone but based on a new code set built from the ground up with new features.

I am cheerleading this one hard because I see nothing but wins when I look at NXT's features:

1. No mining required -100% proof of stake (this beats PeerCoin's main advantage). No wasted mining power
2. Faster transaction times than Bitcoin or Litecoin
3. Alias system (beats Namecoin's unique selling point).
4. Ridiculous number of cool features coming in the next month - peer to peer decentralised exchange, marketplace, anonymous messaging system, voting system

Lots of active development going on -  see more at the thriving community at https://nextcoin.org

Where can you buy these miracle coins? At dgex.com Less than 3000 NXT addresses have been created since launch in total, the price has risen this high on the buying power at a single new exchange, dgex.com... don't miss the boat.  Smiley

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December 22, 2013, 03:35:35 PM
 #2

happens when you premine 1 billion coins and find enough suckers to buy a few while the rest hoard  Roll Eyes
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December 22, 2013, 03:41:09 PM
 #3

happens when you premine 1 billion coins and find enough suckers to buy a few while the rest hoard  Roll Eyes

exactly, no point in mining them
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December 22, 2013, 03:49:15 PM
 #4

It's not going to stop at number 5. It's going to number 2 within the next few months. And eventually number 1.

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December 22, 2013, 03:51:54 PM
 #5

It's not going to stop at number 5. It's going to number 2 within the next few months. And eventually number 1.


+1. To quote a cliche meme, "Haters gonna hate".
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December 22, 2013, 04:45:35 PM
 #6

NXT just positively destroyed Namecoin Smiley.

Market cap: 40 Million ish.
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December 22, 2013, 04:56:31 PM
 #7

NXT just positively destroyed Namecoin Smiley.

Market cap: 40 Million ish.

Very nice!

NXT has all of Namecoin's features + a boatload of others so I knew that would happen soon  Smiley

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December 22, 2013, 05:11:59 PM
 #8

The way the price is jumping higher and higher,it is one of the most profitable coin to buy at this moment.

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December 22, 2013, 05:13:25 PM
 #9

no.4 yeah Grin Grin Grin Grin

NEM NXT NXTL NEX
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December 22, 2013, 05:15:25 PM
 #10

NXT has all of Namecoin's features
What a fag.
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December 22, 2013, 05:22:55 PM
 #11

The innovation works to an extent, but really mining here does not work out well at all unless you were an early adopter.

Your chances of mining a block are tiny unless you have a vast amount (millions ) of coins. Since all of the coins are owned by just a few people they will mine all of the blocks

NXT needs to be cloned but initially given out in a much much broader way.

Even with 100k coins right now you have a very very tiny chance of mining a block.


If you understand how COINMARKETCAP works, you will understand it is totally floored, it really should be revised to give an accurate impression.

You could invent a coin with 50 trillion coins, if it hits an exchange and just a few people bid 1cent, it would exceed bitcoin.

There really needs to be something done about that site.





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December 22, 2013, 05:25:30 PM
 #12

Does 100% PoS really beat Peercoins main advantage?  The whole point of PoS is that every coin that has it will eventually have PoS take over anyway, and there's something to be said about having miners able to participate but not dominate. I'm sure there's a reason Sunny King didn't make PPC 100% PoS.
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December 22, 2013, 05:25:35 PM
 #13

The innovation works to an extent, but really mining here does not work out well at all unless you were an early adopter.

Your chances of mining a block are tiny unless you have a vast amount (millions ) of coins. Since all of the coins are owned by just a few people they will mine all of the blocks

NXT needs to be cloned but initially given out in a much much broader way.

Even with 100k coins right now you have a very very tiny chance of mining a block.

Nxt is not about mining.
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December 22, 2013, 05:27:56 PM
 #14

The innovation works to an extent, but really mining here does not work out well at all unless you were an early adopter.

Your chances of mining a block are tiny unless you have a vast amount (millions ) of coins. Since all of the coins are owned by just a few people they will mine all of the blocks

NXT needs to be cloned but initially given out in a much much broader way.

Even with 100k coins right now you have a very very tiny chance of mining a block.

Nxt is not about mining.

Forging? or do you mean that side of it is not really important anyway?

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December 22, 2013, 05:30:45 PM
 #15

happens when you premine 1 billion coins and find enough suckers to buy a few while the rest hoard  Roll Eyes


Stil with Dan Kelsey? good for you, stay there.

How is the founders board doing?


Pin

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December 22, 2013, 05:32:07 PM
 #16

NXT up 80% since I made this topic  Cheesy

Does 100% PoS really beat Peercoins main advantage?  The whole point of PoS is that every coin that has it will eventually have PoS take over anyway, and there's something to be said about having miners able to participate but not dominate. I'm sure there's a reason Sunny King didn't make PPC 100% PoS.

PoW provides a neat way to distribute the coins out via mining. That's the one weak point of NXT - all the coins have been made.

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December 22, 2013, 05:32:41 PM
 #17

Forging? or do you mean that side of it is not really important anyway?

It's important, but u mentioned only mining and said nothing about other Nxt features.
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December 22, 2013, 05:34:31 PM
 #18

https://bitcointalk.org/index.php?topic=381038.0
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December 22, 2013, 05:36:57 PM
 #19


Yeah. Seems  a lot like Quark in regards to the market cap thing. It's easy to get a high one when all the coins are out.
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December 22, 2013, 05:46:04 PM
 #20

Forging? or do you mean that side of it is not really important anyway?

It's important, but u mentioned only mining and said nothing about other Nxt features.

NXT is a masterpiece make no mistake, the concept is way in another league over the clones here.

However, the initial distribution seems very concentrated, and sadly because of how it works (which is great) it makes the mining concentrated.

Surely you can see this coin should have been more widely distributed than it was?

As soon as the source is revealed you can be sure this will be cloned and a much fairer initial distribution will be done. NXT is cool but i think it will always be criticised for the very concentrated initial distribution. This also leads to more concentrated forging...this can never be fixed now with this version of the currency.  So for NXT to succeed people will need to buy in at more and more inflated prices since those with multiple millions of it will hold on to it forcing price up. You can't even mine around this like with other coins since not only do they control the coins they hold they control all of the forging too.

Really anyone looking at this from the outside will see it as the biggest ponzi of any coin yet. Sad because really it was a very great concept.

Although it looks good now on coin market cap, this is not showing a correct picture for this coin, nor a lot of the others either.

Coinmarket cap needs fixing because a lot of new people do not understand really how it works.

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