Post
Topic
Board Altcoin Discussion
Re: Erik Voorhees favors NXT
by
achimsmile
on 08/02/2015, 08:49:11 UTC
Bitcoin guys, it's time to wake up!


BTC has Multisig, Cold Storage, third party apps like Openbazaar, Voting (http://www.bitcongress.org/) etc. Ethereum will have Smart Contracts. Namecoin has a DNS system. Dogecoin has fast block times and a strong community...

Nxt has all that stuff and much more (will have Smart Contracts too), and they are all IN the standard client. No third party service needed.

- You can sell physical items on the Nxt marketplace
- You can issue shares of your company on the asset exchange
- You can issue your own currency on the Monetray System
- You can crowdfund a project (If the funding goal is not met, funds are automatically sent back, no trust needed)
- You can connect Nxt Aliases to Hyperboria (=decentralized DNS)
- you can cold-store Nxt


In the very near future, you will be able to:

- Cast decentralitzed votes with a vast possibility of options (like who is allowed to vote, how votes are weighted etc.)
- Set rules for your account (e.g. my account is only allowed to spend x coins per y blocks)

etc. etc. etc.


Just try the demo here: http://nxt.org/demo/

I'm open to the potential of NXT, but it just doesn't strike me as a system that's adopting a very "unix-y" philosophy, of which I'm suspicious.

Whenever I hear people talking about NXT, I can't help but think of a TV-VCR-DVD player combo. Sounds great if you're aiming to directly lure in consumers, but not what you want in a platform...?

To be suspicious is the right attitude in crypto.

Which system would you favour:
1. One where you have to use a different third party app for every single use case (or even have to convert to other blockchains for certain features)
2. One platform for all use cases

Imagine you want to start a crypto company: You want to crowdfund your product. You want to be able to send dividends to investors without searching for every account. Maybe you want to issue your own stock. You want to have a vote based on shareholder votes only etc.

It's just that this stuff is really easy to do using Nxt.
Maybe comparing Nxt to a smartphone would describe it better.

I'm personally not interested in "consumers" that buy and hold Nxt, I'm more interested in people that use Nxt