Post
Topic
Board Altcoin Discussion
Re: I'm dumping Nxt and here's why you should too
by
Eamorr
on 19/01/2015, 12:09:31 UTC

It may, however, survive as a "dark currency" that's used by criminals. The challenge would be to somehow convert your NXT to XRP.

What have "dark currencies" got to do with criminals ?

For a start, criminals don't use crypto, they use the US dollar.

Secondly, most people in the world prefer to keep their banking details out of the public domain. Whether the accounts are anonymous is beside the point - the transactions are not. If you're saying that makes everyone a "criminal" then I don't think you've thought very much about this issue.

Thirdly, commercial entities such as retailers, service providers and manufacturers consider cashflow information to be competitively sensitive. Are you saying that makes them criminals as well - the whole lot of them ?

Please people put 2 brain cells together before opening your mouths and letting your bellies rumble about this "anonymous cryptos are for criminals" crap.


Trying to get banks and governments on board with this attitude (an attitude that's rampant in the NXT community) will get you absolutely nowhere.

That's the reason the OP is "dumping NXT and why you should too".

I think NXT is great as an anonymous crypto, but it cannot be the world's currency. One of the key foundation stones of government (as well as maintaining your borders, keeping law and order and collecting taxes, etc.) is the ability to control your own currency. A bunch of libertarian (lite) guys on the internet who have no territory and no influence aren't going to just come along and tell governments that they know better and that governments should listen to them and that governments should give up their sovereignty to a bunch of libertarian (lite) guys on the internet. Techies might be smart, but they don't always know better.

Ripple are demonstrating their technology to governments and banks and are showing them how cryptocurrency can make business more efficient and can make life better for citizens. This is hard to do when there's Bitcoin and Dodgecoin and NXT and all these other drug/libertarian nutters constantly in the news (for all the wrong reasons) pumping their crypto coin; nullifying the efforts of Ripple in championing the idea of legitimate crypto currency.

It's at the stage now where Ripple Labs need to remove themselves from these public lists (such as coinmarketcap.com and coingecko.com) because it makes out that XRP could be compared to Bitcoin and all the baggage that goes with the toxic Bitcoin brand.