Post
Topic
Board Announcements (Altcoins)
Re: Nexus - Pure SHA3 + CPU/GPU + nPoS + 15 Active Innovations + More to Come
by
Isle of Groestl
on 22/04/2018, 14:47:05 UTC
What makes NXS valuable?
"To answer the question, tokens don’t represent value. Nexus is a cryptocurrency. Cryptocurrencies have their own protocols. They have their own networks. They have their own immutable ledgers. They don’t rely on other blockchains to work or exist.

Nexus derives it’s value because of supply and demand. It is people wanting to have Nexus that gives it value. What makes it special is the same thing other cryptos(tokens not included). There is a whole network and economy established sovereign from banks or states which exists on its own. It has aspects to it which we spoke about a few days ago which make it different from many other asset classes but it holds certain aspects of each making it something new. I would say it’s cubesat Network, it’s security strengths, it’s variable proof of stake based on stake, time and trust, it’s 3 mining channels, it’s speed, and its library set it apart from Bitcoin and other cryptos and give it is value as well.

It’s not semantics. If someone asks what makes my skateboard good for off road while pointing to my 4x4 pickup truck, the question shows their basic lack of understanding the difference between a toy and a vehicle. If you cannot differentiate the difference between a token and a cryptocurrency, you lack the basic understanding to be risking any money on either and should do more research before you invest in this space"- SmileyGnome at Nexus Slack