Post
Topic
Board Announcements (Altcoins)
Re: Nxt Monetary System launched: Now on Nxt Testnet!
by
ChuckOne
on 21/12/2014, 16:30:50 UTC
I don't really see why it would be better for crowdfunding than the Asset exchange... or digital good store if you prefer a stable price.

Because you can set a block height so if your target crowdfunding Nxt goal isn't reached, the MS coin isn't created and everyone gets their money back (called Reservable).

Something like this would have saved people a fortune lost in IPOs for undelivered coins.


Would have saved me some BTC (I knew I was gambling so it didn't bother me much)

What brings us to the question why invest in a currency in the first place? Investing in an asset on the Nxt Asset Exchange makes sense to support the venture behind it. But why did you invest in currencies?