Nxt is currently at 8th position in coinmarketcap and its a matter of time for counterparty and dogecoin to move it further down the list. 24 trading volume is almost non existent and you can probably move the market with 100$
Nxt was initially distributed to no more than 70 people and that's a reason almost no one is touching it!
Add to that the fact that there have been some very serious scam accusations (
https://www.cryptocoinsnews.com/bitcoin-core-developer-jeff-garzik-believes-nxt-is-a-scamcoin/) and you can see the whole picture!
These are some of the issues...
* It is marketed like a scammy penny stock.
* Anon early super large stakeholders + Proof-Of-Stake == the big guys run the table, if they choose.
https://download.wpsoftware.net/bitcoin/pos.pdf The central bankers are in place from Day One unless they are super-virtuous and give tons away “fairly.”
* Anonymous developers * Closed developing process. Source is periodically handed down from the ivory tower to the masses. * Certain notable personages (& key stakeholders) that dodge, dodge, dodge, when an obvious attack vector — mitigated in other crypto-finance projects by known techniques — is highlighted. * Active resistance to making it easier to independently reproduce the software
* Technical criticism is routinely met with bizarre behavior (notably from come-from-beyond)
* Attacking critics, rather than responding to criticism.
* Several security incidents that smell like inside jobs.
What needs to be done for the comeback of nxt?
Can ntx recover or the game is over like so many other scamcoins out there?
I know nxt has some great fuders and trolls out there but is this helping or harming nxt?
Oh my, someone has found a very old Garzick tweet series.
I highlighted some of your points.
Have a look here:
https://www.youtube.com/watch?v=QMSA5W7jx1E&feature=youtu.beIt's an open Q&A with one of our core devs. Anonymous?
You may also like to know that this same person hás done some real work on your so called attack vector
a) to actually define it, because somehow that was never formally done. Rather important, that and,
b) to investigate if this vector was actually possible by running numerous simulations (which you can also run and check yourself)
Find the papers here, if you please:
http://chepurnoy.org/https://github.com/ConsensusResearch/articles-papersOpen source code repository to be found here:
https://bitbucket.org/JeanLucPicard/nxt/overviewAttacking critics? Nope. Take a look at the vid again: we're having fún when people ask questions, because that's part of being challenged and when finding solutions.
Attacking people mouthpiecing things they have no clue about and not the wits to hide the fact? Sure, why not?
Good luck at FUD school. You will not graduate this year!
