Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
bithic
on 28/01/2014, 23:12:12 UTC
Ya know what i was thinking today? of course you don't thats why I'm about to tell you.

I've been hearing a lot of criticism of bitcoin lately from the potential for altcoins to erode the trust in the concept of digital scarcity. Most notably the interview with adam back on lets talk bitcoin. By building decentralized exchange into the bottom protocol layer I think nxt can potentially restore this trust. Think about it, no other copy of nxt will ever have markets with as much market depth as nxt. Meaning their copy nxt will never has as much utility. Thus a copy of nxt is not "just as good as nxt". Since no copy of nxt will ever be "just as good as nxt" nxt can be thought of as scarce in a way that bitcoin can not.

I think this could be added to our list of "core arguments" in favor of nxt.

I don't quite understand the strength of this argument. Can you flesh it out? Couldn't some other crypto also implement a decentralized exchange into its protocol and compete to gain market depth based on that + some extra advantage that they claim to have? Also, isn't the argument in favor of Bitcoin already that, due to its network effect, no other coin can compete with it in market depth? If Nxt can compete with Bitcoin's market depth, what's to stop another coin from competing with Nxt's?