Post
Topic
Board Announcements (Altcoins)
Re: NEM (XEM) Official Thread - New Update 0.6.43 - Please Update Your Nodes
by
JBC
on 03/09/2015, 20:25:29 UTC
You'ld be pretty stupid to be still owning NEM in 2017 and nothing from Makoto and Rockethead has yet to come out.   Cheesy

 There is no user adoption - 10 addresses a week isn't good enough.  I would be satisfied if it was able to hit 100 a month.  It should even be a goal or maybe even a contest to see if NEM could get 100 new addresses after a month.  Once you can hit 100 then you can raise the goalpost.


Makoto and Rockethead have never really published  any informatics about their stuff in awhile. The other day I was told AltNemo has a beautiful website and  a lot of juicy info but that website was built back in 2014. Cheesy

Yeah you didn't even mention volume... well guess there is nothing to mention. haha

Volume doesn't matter to me so why would I mention it?  As long as there are big enough buy and sell walls then it is inconsequential.  There's daytraders but, if you use tracking services, you'ld find that many of them are either broke college kids or people in developing countries doing dust transactions looking for pennies and dollar profit.  Spent more on lunch today than those people are trying to make.



Most of the volume we see in crypto is from PoW or inflationary PoS.  PoW induces artificial velocity from miners dumping free coins to pay for their overhead costs and hardware replacement.  Inflationary PoS = convert free coins into free money, you'ld be stupid not to.  So of course those coins will always have higher volume because of instant dumpers.

Even your baby NXT, unless you hate that too now, always had low volume compared to the other top 10 coins.  NXT isn't PoW and has a fixed supply and thus there aren't many freebies - there's a little from transactions but not much.