Post
Topic
Board Altcoin Discussion
Re: Next coin is highly misunderstood and undervalued on this forum.
by
Vannicke
on 04/02/2014, 20:13:26 UTC
There are a load of communists on this site - wanting everyone to have an equal share regardless of effort.

That experiment failed after 70 years, the only way to make society richer is through individuals taking a risk with opportunities that might or might not work.

I didn't get any free NXT either, but rather than moan about it, I bought some.  Maybe the ones moaning should do the same?


Many here consider crypto easy money, and NXT isn't really intended to be easy money.  While it has proven a good investment for many who got in at the start, I want to see this crypto as a good store of value, and that is something it has that others don't.  How could NXT be more fair than offering everyone profit exactly proportional to what you invest?  If I buy 50'000 and you buy 50, it would be unfair to give you just as much as me for having an account.  If forging is where some people have a hangup about NXT, I suggest reading into it further, because it appears (to me at least) to be much more efficient and fair, and even a bit socialistic in the ideal sense (I use this term hoping people understand socialistic is not communistic).  Whatever effort or investment you put forward yields the same as everyone else.  If the IPO is where people have a hangup about NXT, I ask: why shouldn't the earlybird get the worm?  As far as I can tell there is no room for anyone to complain, because getting in now is still early.  Sure, you won't profit like an IPO investor, but NXT has a lot to it that hasn't even started yet, and will attract more users, and more users, unlike any other coin, makes mining more profitable.  If people realize this, more will use it, so it will increase in value at the same time, which means it will increase in both value and profitability with more adoption.  I think this coin will be more stable and long lasting because of this self reinforcement.


Nxt has dozens of arguments against it, has been launched in the worst way possible, and if the development team now disappears you would have something without development that is worth nothing. Closed source, unfair lauch, very uncomfortable java software. questionable security (until they release the entire source code), No, the right thing is NOT buy nxt, no matter how much worth, and a serious exchage should not admit it.

Yes, there is risk.  Yes, the dev is very protective of the source (I also dislike this), but it takes little research to see that the amount of time and work needed to start this coin would be worth protecting it for a while.  In BCNext's position, I'd probably do the same.