Post
Topic
Board Altcoin Discussion
Re: what do you think of NXT
by
AdamaBit
on 06/01/2014, 18:44:36 UTC
Yeah the client is a bit of a nightmare.
When they get one that works (mine doesn't even open on my Mac) I think it will appeal to alot more people.
But you gotta be patient in this game. It's just people working for free in their free time to set something up.
The guy who runs dgex.com gets so much stick. But it's just him and one other in their bedrooms probably!:)
I look at all these as long term investments. Like a year or two at least.
But everyone wants to be a millionaire tomorrow and doing nothing for it. It's like the Xfactor here!

I like that you did your research! I look at the 800+ page thread  every day to stay up to date. So much is happening there. It seems a little chaotic and unorganised, but hey, NXT is only learning to walk right now. A better and more streamlined client will be released in 4-5 weeks. For most alt-coin inverstors that's already too long, that's understandable as everything in crypto currencies is changing so fast! It's an evolving and new market, it's difficult to  distinguish the "good" (meaning suitable for long term investment) from the "bad" (meaning pump-n-dump or real scam) coins. Many see the buggy client and turn to another coin with a better looking client, this will eventually change.

It's not just about the client, but about the ideas behind NXT!

  • POS is a great approach, much better than wasting soo much power on bitcoin mining and less prone to attacks. (yes yes, the problem is the distribution. But almost any currency has this problem that few hold a lot)
  • Fast transaction, always good.
  • The Alias system is like an advanced decentralized DNS server, with many appliations.
  • Transparent Forging is very cool! Makes even a 51% attack impossible.
  • Decentralized Asset exchange and coloured coins will be killer features!
  • Voting system, they like democracy.
  • Arbitrary messaging is nice to have

The list doesn't stop here
I am amazed how motivated and innovative, and intelligent (sometimes I only understand half of the tech talk in the main thread Cheesy) the community behind NXT is!

Maybe it will fail, maybe a better coin wil overtake it, but for now the chances seem to be in favor of NXT to me. That's why I boought some.

Exactly. The right attitude to all this.
I loved reading the original thread (80 pages. It took a few days of lying in bed with a cold reading my iPad!!!)... The 800 page one is probably too much now.
And yeah I love their (our's now seeing as we have both bought some coins) community spirit, very inspiring for me as a filmmaker. You get the same 'family' feeling on a set.
But like you say there's a lot of great stuff in there that the general public will warm to more than with Bitcoin.
eMunie is another one to look out for... Going for more of a long term currency that could really take on the world rather than all these alt coins that are looking for a quick buck.
It really is like the .com bubble... only a few will survive. But there's money to be made until that happens.