Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Nxt :: descendant of Bitcoin
by
d5000
on 11/01/2018, 03:37:57 UTC
Is NXT useless now? I didn't follow the IGNIS part of stuff, I just noticed NXT lost almost 75% value from the peak. Will it slowly die or is it a good time to accumulate?
You can read my answer to a very similar question on the previous page. I don't want to repeat myself.

-snip-

What NXT supporters can do concretely? I heard that some of the tokens (assets and currencies) issued on the NXT blockchain have still some use. So what you can do, if you like to see NXT flourishing again, is to support the projects that still use it for (crowd)funding purposes.

Or, if you want to start an ICO, consider using NXT instead of Ethereum. It's easier and you will even have much lower transaction costs.

But if nobody supports NXT, then eventually it will be worth much less than now. It's a decentralized technology and depends on user contributions. The opinion of some users that "the devs" have to do everything, is not really crypto-style, it's the style of the "old economy" with centralized, hierarchic businesses.