Correct me if I'm wrong, but isn't catapult basically a rebuild of mijin with more features added, written in C++
I'm all for this coin and hope it does well, but maybe you guys can answer some questions since we've got some downtime in here.
Mijin came out, and while it was a tech advancement and a great thing, it failed to raise much interest or movement in the market.
So why are expectations sky high when it comes to the release of catapult? Do you guys really think it will send NEM into the stratosphere once that feature is released?
What makes you all think that, other than hope that this coin does well?
Not trying to troll, I'm genuinely interested in the responses as to WHY you all think we will see some serious movement and widespread acceptance.
NEM is technically superior to everything out there, of that there is no doubt. But the market doesn't always go with the superior product..
That's because the easiest way to respond to a criticism is to yell: "TROLL!".
If we're supposed to be excited by 1000s of TPS then NEM is hardly the first to achieve that. Ripple, BitShares and a bunch of other projects are reputedly fast. I think NEM has the best security in blockchain but people don't care about the security enhancements coming out of Catapult.
IMHO - the prospects for this project don't look good unless
1. Poloniex bosses add margin trading to NEM.
2. Viral adoption in either Malaysia or Japan. NEM.io only ever hit like maybe top 3000 in Malaysia and top 20,000 in Japan. I think you need to be a top 200 website.
3. Continue to get more companies and banks embrace NEM, but as we had seen in Bitcoin's case putting the cart (merchant adoption) before the horse (ordinary person adoption) doesn't necessarily work out.