rpietila, I am very surprised that you are not invested in NXT. Between the java platform, proof of stake done correctly and decentralized exchange it is definitely a value adding block chain.
The bigger the idle stake, the bigger your interest in keeping the system working and you can act upon this by simply holding on to your stake. With bitcoin, miners for example have a big say on the state of the system even if they hold no btc. In NXT, on the other hand, the only entities with a significant say in the state of the system are the ones holding actual stakes in the system.
The bigger the idle stake, the bigger your interest in keeping the system working and you can act upon this by simply holding on to your stake. With bitcoin, miners for example have a big say on the state of the system even if they hold no btc. In NXT, on the other hand, the only entities with a significant say in the state of the system are the ones holding actual stakes in the system.
My problem with NXT is that it was IPOed, which I think is not a way to create a coin, because there are no economic ways to distribute it. Due to that issue, I haven't cared to even look what it is doing, since I don't believe it can fly based on that alone.
That something is not only questionable, but also overvalued, does not make it any more interesting as an investment for me
