Quote from: RealBitcoin on October 26, 2015, 12:11:02 PM

Quote from: BitUsher on October 26, 2015, 11:56:13 AM

Being that almost no merchant accepts NXT and those that do indirectly quickly dump them for BTC and Fiat the coins eventually are getting sold for other currencies ... even the forging interest.

Yet. So how many merchants accept Bitshares, ETH or Ripple?

I'm not pumping or promoting those coins. Instead of worrying about other competing alts , why not focus on addressing the root problem?

IMHO ... NxT setting itself up as a financial platform where people can be scammed with crypto-equities and assets is a foolish plan which only benefits short term grifters. Associating with these questionable assets will leave a longterm stain upon NxT and is a marketing nightmare.

The key to NxT's success would be slow, organic growth and merchant and user acceptance by playing to its strengths with insuring that it grows steadily. NxT has a huge advantage over bitcoin with no inflation and extremely minimal security costs with PoS which may not be as secure but possibly might be "good enough". All it takes is the 20 top bagholders to stop dumping their coins and it would be trivial to have slow and sustained growth which would be more attractive than bitcoins volatile bubbles. Even with slow adoption this would be trivial to do because there is no inflation and PoW costs. Apparently some early investors don't agree or cannot afford to not dump their coins so NxT will continue to capitulate. This is where the risk of poor distribution comes into effect and what we are seeing now. Even if most of the early 20-73 investors held onto their coins all it takes is 1-3 of the top whales to ruin NxT by slowly dumping their stash leaving a lasting scar upon any new adopter.

Think about it this way... many late bitcoin adopters (last 2 years) are disappointing and discouraged that their investment has lost so much. NxT is capitulating against bitcoin during this time , meaning it has been in a free-fall against stable forms of fiat. At least with Bitcoin there is the halving to look forward to which will likely create a disinflationary bubble... with NxT there is no shortage of coins to dump from the initial investors... I would be pissed if I purchased any Nxt in the last couple years.