Post
Topic
Board Altcoin Discussion
Re: Why is NXT not the number 2 coin?
by
inBitweTrust
on 25/04/2015, 14:28:47 UTC
Thanks for giving a fair and informative post.  So I guess it's in the hands of the NXT whales then if they want NXT to succeed.  Imo, they better make use of their stash than hoarding them.

Another dillemma NxT has is that it is a small group of whales controlling most the coins which is helping fund development and keep the coin going. Any fork with a fairer dispersion of most of the assets would compromise some of the developers interest in the project succeeding. This is the dillemma of an open source project that doesn't have enough interest to bring in enough developers for multiple reasons. With bitcoin you have developers working and testing for fun, to pad their resume, because a private company backed by VC capital has a vested interest in BTC succeeding, security researchers writing researchers papers, ect ... with NXT the developers are essentially all motivated bagholders.

This is why most alts will be destined to fail ... first mover advantage for a protocol or currency offers a tremendous advantage. Judging from the fact that all of Bitcoins weaknesses have very probable solutions which are being tested and will be released soon it doesn't bode well for NxT or other alts.