Post
Topic
Board Altcoin Discussion
Re: Poll result: NXT is a proper cryptocurrency
by
BitUsher
on 28/10/2015, 00:57:00 UTC
The conceit that NXT has any permanency and is Here To Stay is absurd.


Bitshares appears to be dealing with similar problems as NxT. Ethereum is up in the air and may become irrelevant because turing complete can already be done indirectly on Bitcoin and may prove to be too costly and unnecessary to do on a blockchain with "gas" as ultimately you need oracles to collect/manage data in many cases. rootstock is interesting but one example among many of smart contracts projects.

It is absurd to think NxT won't be around for many years. It is almost impossible to kill currencies and NxT is one of the most popular cryptocoins around with at least 500-2k users. Even the scam Paycoin still exists and is being used even after all the evidence and investigations.

This being said I expect NxT to continue losing marketshare regardless if they reverse direction and increase marketcap or continue to slide in value. There is going to be many black swan events and things will get very competive in the future as we have yet to see any legit corporate coin or government "blockchain" coins enter the market.  I won't touch any of those coins but a majority of the population will. Even Bitcoin may be toppled from controlling mindshare.