Post
Topic
Board Altcoin Discussion
Re: ❢❢❢ The value proposition of each coin: BTC, DOGE, LTC, DRK, PPC, XRP, NXT, etc.
by
Zer0Sum
on 29/01/2015, 01:36:17 UTC
OK guys, just updated the list. Darkcoin, Nxt, Monero, Bitshares. Let me know what you think.

NXT is very well developed but my issue is the POS bag holders situation. Everyone wants to stake large amounts of NXT,
yet there is little incentive to spend NXT.

The alternative to NXT IMO is NEM, built from the ground up like NXT, but with PoI (Proof of Importance) algorithm oppose to Proof of Stake.
NEM incentives users to regularly trade NEMs rather than hoarding and staking. Real economies are only productive if there is a circulation
of money. In a NXT economy, people are incentive to hoard not spend and likely to fail as real economy. In NEM economy, users are encouraged
to actively received and send NEMS to other accounts to raise the Importance to harvest more NEM, therefore has a better chance as a real economy.      

Staking NXT is not as profitable as people imagine it to be. There is just as much incentive to spend
NXT as any other crypto-currency, in fact, million NXT deals take place every day privately and
on the NXT Asset Exchange.

The Top 40 assets on the DECENTRALIZED Nxt AE trade 50-100 BTC/day...
Only one order of magnitude below the mid-tier exchanges like Cryptsy, Bittrex and Polo.

Such an amazing thing exists...
Only because NXT founders had the foresight to follow the Pareto 80-20 principle or "law of the vital few"...
Where 80% of virtually any successful economic system is owned by 20% of the investors.

http://en.wikipedia.org/wiki/Pareto_principle

Pareto calculated that in 19th century Italy... 80% of the land was owned by 20% of the people...
And, not surprisingly, 200 years later 80% of the world's GDP is controlled by 20% of the population.

Over the past year that's changed dramatically... the Top 50 accounts own only about 6% on NXT.

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As for NEM, after one year those guys are running an alpha that does not even do transactions...
And their Roadmap has not been updated in months (it looks like a China-based operation)...
And this alpha seems horribly overpriced at about $3,000,000... WHICH GOES TO THE HOLIER-THAN-THOUGH FOUNDERS.

It's hard to see how the Nxt forks are a serious threat at this point...
Though I love the fact that NEM is gonna FOCUS on XEM the currency....
And throw a lot of resources and the PoI algo to make XEM a strong, liquid cuurreny.

This is in contrast to the NXT Pooh-Bahs...
Who all seem to be closeted, bearded Marxist-Leninists that think NXT and money and profit = dirty...
And can't be bothered with a Windows installer = massive security risks for newbies...
And know far more about coding/Star Trek/Star Wars than finance or promotion.

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The one thing I like about BitShares is they ONLY care about making money...
They will say anything... and do anything... and make anything... whether it's brilliant or nonsense...
To make piles of MOOLAH for themselves and their investors... NO FUCKING APOLOGIES, baby...
At least they know what their job is... and I can respect that.