Post
Topic
Board Announcements (Altcoins)
Re: Nxt :: descendant of Bitcoin - Updated Information
by
nxtgt
on 07/01/2014, 16:29:40 UTC
Quote
The issues all come down to Dgex, which is the only exchange for Nxt and the only source for coinmarketcap stats.  The site is often unavailable (ddos attacks) and subject to manipulation, furthermore, they've implemented outrageous fees causing many to shy away from trading.

Which is why we should move some trading over to Peercover. Not all trading, but some of it, just to test the waters. There aren't any fees and you don't even have to deal with XRP save for the reserve which comes down to less than a dollar's worth. Don't know why people are still hesitant to move over there.

people are hesitant because its confusing. we have to think fast to trade and any confusion or multiple calculations makes for a lag and hesitation.



But you would rather risk deposits being late or lost? And paying fees out the wazoo? I walked through the whole process yesterday and it was actually very simple. You don't have to trade for XRP, but if you do, you can send that directly to a BTC address and it converts it for you at MP. No need to hassle with buying BTC with XRP. I'm saying people start trading NXT/BTC on Peercover, eliminate dealing with XRP altogether.