Quote from: mindtomatter on January 23, 2014, 01:49:26 AM

Quote from: joefox on January 23, 2014, 12:36:09 AM

I don't know how I feel about Nxt being described as a metacoin, but since Ethereum is also on the list, it's not so bad. I have noted that Andreas has mentioned Nxt a few times as "a layer on top of Bitcoin", though, which bugs me.

"Metacoin" in my mind is a coin that is designed to have other coins or assets ride on top of it. Mastercoin is what I'd call a layer 2 metacoin bootstrapped on a level 1 coin. Ethereum is a level 1 metacoin, Bitshares is a Level 1 metacoin, and NXT is a level 1 metacoin

Thanks for that clarification! Makes total sense. And since CfB is already working on a PoW crypto based on Nxt's PoS, I'd say the characterization is perfect.