I wonder how much of Bitshares project is in line with BCNext's overall plan. This is from Part Two.
"Regarding NXT as coins: NXTs are not coins... or at least the creator of Nxt didn't want them to be seen as coins. They are tokens that grant privileges for supporting Nxt.
Deflation is not much better than inflation. "Real" coins should be created on top of Nxt, and be issued in quantities that keep their value constant. BCNext understands that this is very arguable. The community should decide if it wants to follow the path showed by him, or stick to the Bitcoin legacy of an unchangeable supply of coins with which people hope to become rich by doing nothing."
See the full text here: http://wiki.nxtcrypto.org/wiki/BCNext%27s_Plan
"Regarding NXT as coins: NXTs are not coins... or at least the creator of Nxt didn't want them to be seen as coins. They are tokens that grant privileges for supporting Nxt.
Deflation is not much better than inflation. "Real" coins should be created on top of Nxt, and be issued in quantities that keep their value constant. BCNext understands that this is very arguable. The community should decide if it wants to follow the path showed by him, or stick to the Bitcoin legacy of an unchangeable supply of coins with which people hope to become rich by doing nothing."
See the full text here: http://wiki.nxtcrypto.org/wiki/BCNext%27s_Plan
Most people would take deflation over inflation. Crypto Currencies only exist and have a following due to the stagflation we have seen since the 1960s (inflation + stagnating wage increases).
Why should any of us work our whole life and have little saved for retirement, because we were paying a 1%-6% "tax on the poor" (inflation) every year? Inflation during the privatization of the former Soviet Union is what led to many pensioners to resort to eating dog food. Much like every year it is becoming more difficult in the United States to feed a family due to stagflation and increasing CPI.
I think your concern is velocity but velocity doesn't matter unless crypto currencies hit $10+ trillion and it's just a single "one world currency" which replaces $Fiat. Which I don't think it's possible as crypto currencies are currently very decentralized and plural (400+ alternates to Bitcoin).
Maybe someone like John Titor was correct in that monetary system of the future will be decentralized and crypto currencies is a good example of that.
And your point is
And yours is? He made a lame rhetorical message. I can't write my own rhetorical posts?
Honestly who gives a chit about BCnext's "plan" (likely fiction written by others after he left) when his real plan ended up being fire sell $100K+ worth of NXT and fleeing into the night? The reason he never came back was because he would be too embarrassed to admit having sold 1-2 months early (could had pocketed millions instead of six figures).