There is one thing that i'm asking myself.
Why would we need NEM ?
It is absolutely blowing my mind , that there are people who think NEM will be their Bitcoin Rocketstart into wealth.
Why ? Because this time there a new people as Stakeholders ? Because the System is new , developed from the ground up and with another chance for catastrophic bugs or failures ? Is there really a need for another POS Coin ?
Baffles me and makes absolutely no sense in my mind...
(I'm also asking myself why we need NXT, but that is another story for another day.)
http://marginalrevolution.com/marginalrevolution/2013/12/how-and-why-bitcoin-will-plummet-in-price.htmlI disagree with this article , two points :
- Network strength , keeping the network secure is expensive , this is priced in.
- There are thousands of competitors now with better features, even trying to be fully anonymous. Do these free markets only work under the network effect or where are my cheap bitcoins ?