Re: Was NXT the first IPO coin? + Interesting prediction of NXT from February 2013
A POS Block-Chain System shouldn't be calling itself a 'COIN'. They're DACs.
If I may, I think this is the misconception.. And why some people get so upset and irritated by these 'COIN' launches.. (Steady..).
The 'UNIT' running on the POS chain is exactly what the chain says it is,.. a STAKE in the system.
POS Systems should rely on making money through the services they provide. NXT's asset exchange, or BitShares in general both provide a utility to their POS network. And that IS worth something.
NXT's IPO was exactly that. A sale of shares in a fledgling DAC. I don't think of NXT as coins. They're shares.
I had not seen anything like that before. But there hadn't been any pure POS coins until then. Definitely a first for me on both counts.
Congratulations most certainly in order..
If I may, I think this is the misconception.. And why some people get so upset and irritated by these 'COIN' launches.. (Steady..).
The 'UNIT' running on the POS chain is exactly what the chain says it is,.. a STAKE in the system.
POS Systems should rely on making money through the services they provide. NXT's asset exchange, or BitShares in general both provide a utility to their POS network. And that IS worth something.
NXT's IPO was exactly that. A sale of shares in a fledgling DAC. I don't think of NXT as coins. They're shares.
I had not seen anything like that before. But there hadn't been any pure POS coins until then. Definitely a first for me on both counts.
Congratulations most certainly in order..