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Author Topic: NXT Ought to be Taken Seriously  (Read 6250 times)
farl4web
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January 09, 2014, 07:32:08 PM
 #1

The NXT-concept keeps be busy and I think it is really interesting and has a future. I found this article which explains a lot. Why NXT Ought to be Taken Seriously

Happy reading!

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GröBkAz
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January 09, 2014, 07:41:22 PM
 #2

Very nice. Thanks for the link.
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January 09, 2014, 07:53:55 PM
 #3

Great read! Thanks
mikaljan
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January 09, 2014, 07:57:11 PM
 #4

Great job.

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January 09, 2014, 08:06:36 PM
 #5

Too many words..

These are the ones that count:
Quote
Aside from the obvious caveat that there could be as of yet uncovered critical mistakes in the software, there are stakeholders out there who presently own more than 50 million out of the total 1billion coins issued. This means there are multiple individuals who individually own more than 5% of the total stake each. To put it bluntly, this is unacceptable. This is not the level of decentralization we have come to expect from a decentralized crypto. For NXT to be successful this must change
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January 09, 2014, 08:07:55 PM
 #6

Thanks for the link!
defosp
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January 09, 2014, 08:08:36 PM
 #7


Now for the NXT is important for developers to bring everything to the end.
farl4web
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January 09, 2014, 08:24:42 PM
 #8

Too many words..
I agree, it took me some time too. Ecspecialy because I am not English.  Undecided

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msin
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January 09, 2014, 08:31:55 PM
 #9

Good stuff.
SenorHombre
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January 09, 2014, 09:18:21 PM
 #10

17598701460244014577

if someone would considere donating some coins, I would be happy. Don´t know if there are still giveaways. seems I am too late :-(

thanks
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January 09, 2014, 09:35:09 PM
 #11

I finally got my Nxt account up and running yesterday, i would appreciate some Nxt------->8040759573032019886
bob131313
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January 09, 2014, 09:40:38 PM
 #12

It is a good article. Many valid points.
As for how to fix the hoarding of the initial funds, maybe a few of the big holders can start 1 mil nxt lotteries.

Also for those interested. This is a great service to get the big picture of what is happening with nxt. : http://87.230.14.1/nxt/nxt.cgi?action=30
If you haven't donated to that guy you should.

Disclosure: I own 9k nxt :-)~

nxt address: 13974296462436200304

Anon136
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January 09, 2014, 10:05:45 PM
 #13

hey thanks for posting about my article. i probably should have done it myself Grin

thanks for the kind words everyone.

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January 09, 2014, 10:15:22 PM
 #14

Thank you for the article !

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buzybit
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January 09, 2014, 11:32:47 PM
 #15

great article!!
thanks!
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January 10, 2014, 12:15:15 AM
 #16

17598701460244014577

if someone would considere donating some coins, I would be happy. Don´t know if there are still giveaways. seems I am too late :-(

thanks

http://www.coinarea.net/faucet.php

and automatic faucet system here:

http://nxtra.org/faucet/

Wink

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January 10, 2014, 09:18:32 AM
 #17

Too many words..

These are the ones that count:
Quote
Aside from the obvious caveat that there could be as of yet uncovered critical mistakes in the software, there are stakeholders out there who presently own more than 50 million out of the total 1billion coins issued. This means there are multiple individuals who individually own more than 5% of the total stake each. To put it bluntly, this is unacceptable. This is not the level of decentralization we have come to expect from a decentralized crypto. For NXT to be successful this must change

utf_tg, you do everyone a disservice by dismissing most of the content of the article. While yours is a valid (and temporary, I hope) concern, people should read the article for themselves to gain an appreciation of the game-changing innovations behind by Nxt. In the spirit of balanced perspectives, I leave you with Anon136's final remarks from the article:

Quote
I am not prepared to give investment advice; however, I am prepared to tell you that if you ignore the ideas behind NXT, then you do so at risk. Even if this particular implementation of these great ideas fails, the ideas themselves are here to stay, and they are going to fundamentally alter the crypto-currency landscape forever.

Sounds like you may have missed a few things in your first reading. I suggest you go back and read it again with a little more thought to what it says. Nxt is still in its infancy, it hasn't had the time or the means to gain widespread distribution. Decentralization will improve as more buyers enter the market and the large stakeholders sell to them. As Anon136 pointed out, it's in their best interests to do so. How you weigh risk is your own concern, but I suggest it is equally risky to dismiss Nxt out-of-hand at this stage. It might be wise to hold off from going all-in for now, but a small investment as a hedge against your bitcoin position might be a very smart move.

Full disclosure: I'm not a founding stakeholder, but I've put my money where my mouth is and I have a vested interest in seeing Nxt succeed.
farl4web
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January 10, 2014, 11:16:20 AM
 #18

It's not my article by the way, just found it. But I think NXT will be great in the future, and not only as a coin, but as a system.

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GröBkAz
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January 10, 2014, 01:48:32 PM
 #19

It's not my article by the way, just found it. But I think NXT will be great in the future, and not only as a coin, but as a system.


I agree with you!!!
KoningKaas
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January 10, 2014, 01:49:37 PM
 #20

Too many words..

These are the ones that count:
Quote
Aside from the obvious caveat that there could be as of yet uncovered critical mistakes in the software, there are stakeholders out there who presently own more than 50 million out of the total 1billion coins issued. This means there are multiple individuals who individually own more than 5% of the total stake each. To put it bluntly, this is unacceptable. This is not the level of decentralization we have come to expect from a decentralized crypto. For NXT to be successful this must change

wow , rly..
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