NXT ticked me off by being closed source.
NXT has been open source for a long time now.
Nxt never was really closed source for those who wanted to look, the original java files were unobfuscated code and could be decompiled.
The point was they went out of their way to try and hide.
I hope NEM follows a clear transparent path.
If Nem released the source code immediately, they would be cloned a few dozen times within a week. Maybe someone will launch it even before Nem is officially launched if the source code is released during alpha/beta.
it's bad idea to release the code before Nem is at least established as unique new crypto
But the one with the strongest community wins out. NEM already has a strong community. Keeping the source open will build trust and will also allow for others to contribute.
I believe the upsides are much more than any downsides.
Funny Nxt released the source code in January and the prices went down for 2 months after that.. Look at Windows OS. 90%+ market share but it's closed source platform. Most people don't care about open source.
Developers and exchanges don't need source code. They need API, which obviously will be available from alpha version.
I am all for open source, but they need to give themselves some breathing room before getting drowned by clones.