That's all the Nxt people talk about after the failure of the project (some weird guy who nobody cares about), because facing reality is to hard.
The interesting thing here is that Nxt had a massive upswing, and the deflation was way too rapid. Never mind the code quality and general trust issues, but this can break a project. It would be interesting to consider a system which can be more adaptive to price movements. In non-algorithmic distributions this is possible, but for Cryptocurrencies it is close to impossible to estimate the future value.
On Nxt itself. Pure PoS is actually not a bad idea. The simplicity of the system is a major advantage. But Nxt was centralised in development and has a lot of garbage in the codebase (from the beginning). Crypto-assets the way their were done on-chain don't work. The Nxt assets were mostly or all fake (one would need trust guarantees of some kind to make this work).
I don't know of people who cashed out. I know various Eth holders who are millionaires, but contribution to the project are not necessarily correlated with financial success. Actually having developers/founders getting some early equity is not that bad a model, rather than investors only who buy the currency in the early stages.
The interesting thing here is that Nxt had a massive upswing, and the deflation was way too rapid. Never mind the code quality and general trust issues, but this can break a project. It would be interesting to consider a system which can be more adaptive to price movements. In non-algorithmic distributions this is possible, but for Cryptocurrencies it is close to impossible to estimate the future value.
On Nxt itself. Pure PoS is actually not a bad idea. The simplicity of the system is a major advantage. But Nxt was centralised in development and has a lot of garbage in the codebase (from the beginning). Crypto-assets the way their were done on-chain don't work. The Nxt assets were mostly or all fake (one would need trust guarantees of some kind to make this work).
I don't know of people who cashed out. I know various Eth holders who are millionaires, but contribution to the project are not necessarily correlated with financial success. Actually having developers/founders getting some early equity is not that bad a model, rather than investors only who buy the currency in the early stages.
PPC to compare
CIYAM calls for an end to the bulls__t!
Interesting development on NXT's mysterious creator. Well not really, all signs point to come-from-beyond as far as BCNext's real identity is concerned. But still interesting nevertheless.
NXT seems to be becoming dead day by day. Is this why there's a faction in the NXT community that founded Waves? Waves ICO is over 9M USD at today's BTC price...
Also, isn't Matthew N. Wright already known for some scams he did years ago?
NXT seems to be becoming dead day by day. Is this why there's a faction in the NXT community that founded Waves? Waves ICO is over 9M USD at today's BTC price...
Also, isn't Matthew N. Wright already known for some scams he did years ago?