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Author Topic: Advantages of Nxt over Bitcoin  (Read 13630 times)

salsacz

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Re: Advantages of Nxt over Bitcoin
« Reply #20 on: March 28, 2014, 03:23:46 pm »

Part of the problem with the request you're making, salsacz, is that you haven't specified who your AUDIENCE is. If you'd said "absolute beginners" I would have answered differently! I responded as if speaking to someone who already understands Bitcoin.


I admin the Nxt wiki at http://wiki.nxtcrytpo.org/  Donations accepted at account 1234567740944417915

Hi Joefox,  I agree that we need to know the audience.  I am not sure how to going about writing something technical for people in the know.  If I HAD to write something, and again I am not good at this kind of thing, but if I had to write something for an average person, I would say this.

NXT is a revolutionary system that has been able to completely remake what spending money looks like.  Transferring money electronically now for the first time is incredibly secure without fear of identity theft or accounts being taken over.  It is blazingly fast compared to yesterday’s systems because it is thousands of times quicker than waiting for traditional bank transfers to clear or waiting for credit card transactions to be redeemed.  And best of all, NXT is now the greenest way to transact in money.   The amount of energy used in one day to run the traditional financial systems will power the NXT network for years.  It does all this while being safer and costing less fees for vendors.  No longer do vendors have to worry about fraudulent purchases.  NXT’s revolutionary platform means that NXT can never be counterfeited and never be charged back via banks or credit card companies.  How has it been able to do this?  NXT is made possible through a newly designed decentralized technology built on top of the internet in ways that could have not ever existed before utilizing complex mathematical algorithms and a vast numbers small but powerful and efficient nodes monitoring and relaying transactions throughout the network.  NXT is better for the consumer, better for the vendors, better for the world, better for you. 
wow, this is fantastic.

You only need to make more sentences from this one:
"How has it been able to do this?  NXT is made possible through a newly designed decentralized technology built on top of the internet in ways that could have not ever existed before utilizing complex mathematical algorithms and a vast numbers small but powerful and efficient nodes monitoring and relaying transactions throughout the network.

+ this is little cliche :D
 NXT is better for the consumer, better for the vendors, better for the world, better for you. "

But such text could be used as introduction and then under this text could be some proofs - tables, infographics, etc. I missed there only some examples, how Nxt can be used in a better way for specific activities. And more apps :D
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qbd1313

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Re: Advantages of Nxt over Bitcoin
« Reply #21 on: March 29, 2014, 11:38:17 am »

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jabo38

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Re: Advantages of Nxt over Bitcoin
« Reply #22 on: March 29, 2014, 06:28:46 pm »

wow, this is fantastic.

You only need to make more sentences from this one:
"How has it been able to do this?  NXT is made possible through a newly designed decentralized technology built on top of the internet in ways that could have not ever existed before utilizing complex mathematical algorithms and a vast numbers small but powerful and efficient nodes monitoring and relaying transactions throughout the network.

+ this is little cliche :D
 NXT is better for the consumer, better for the vendors, better for the world, better for you. "

But such text could be used as introduction and then under this text could be some proofs - tables, infographics, etc. I missed there only some examples, how Nxt can be used in a better way for specific activities. And more apps :D

Very good points.  Here is a try at round two mate!

NXT is a revolutionary system that has been able to completely remake what spending money looks like.  Transferring money electronically now for the first time is incredibly secure without fear of identity theft or accounts being taken over.  It is blazingly fast compared to yesterday’s systems because it is thousands of times quicker than waiting for traditional bank transfers to clear or waiting for credit card transactions to be redeemed.  And best of all, NXT is now the greenest way to transact in money.  The amount of energy used in one day to run the traditional financial systems will power the NXT network for years.  It does all this while being safer and costing less fees for vendors.  No longer do vendors have to worry about fraudulent purchases.  NXT’s revolutionary platform means that NXT can never be counterfeited and never be charged back via banks or credit card companies. How has it been able to do this?  NXT is made possible through a newly designed decentralized technology built on top of the internet in an innovative way that could not have existed before.  The NXT platform uses new complex mathematical algorithms and a specially designed network of vast numbers of small but powerful and efficient nodes which monitor and relay transactions throughout its network.

NXT: you decide
« Last Edit: March 29, 2014, 06:30:46 pm by jabo38 »
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joefox

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Re: Advantages of Nxt over Bitcoin
« Reply #23 on: March 29, 2014, 07:29:00 pm »

Can I suggest moderating the language a bit to lessen the hyperbole in the text?

NXT is a revolutionary system

Bitcoin is revolutionary. Nxt is evolutionary.

that has been able to completely remake what spending money looks like. 

I hope not! I hope it makes spending money easy, like spending cash is easy. That's not "completely remaking".  How about "... able to make online transactions simple and fast, just like working with cash"

Transferring money electronically now for the first time is incredibly secure without fear of identity theft or accounts being taken over.

This is simply false, sorry. It's no more safe than cash, with all if the security implications that entails. Many accounts are hacked; people choose weak passwords; they mistype account numbers.

You COULD argue that it protects against identity theft because the system is pseudonymous.

  It is blazingly fast compared to yesterday’s systems because it is thousands of times quicker than waiting for traditional bank transfers to clear or waiting for credit card transactions to be redeemed.

What does "blazingly fast" mean? What evidence do have that it's "thousands of times faster" than bank transfers? Thousands of times faster than Visa transactions, which are instant?

And best of all, NXT is now the greenest way to transact in money.

Also not true. Cash is very green. Literally, in many cases. I think you mean "transact using cryptocurrrencies", since I doubt Nxt is more green than a wire transfer.

The amount of energy used in one day to run the traditional financial systems will power the NXT network for years.

Bold claim. Source?

It does all this while being safer and costing less fees for vendors.

Less compared to what?

NXT is made possible through a newly designed decentralized technology built on top of the internet in an innovative way that could not have existed before.

Not true. It existed with Bitcoin, and several years before that with HadhCash!

The NXT platform uses new complex mathematical algorithms

The algorithms aren't new. The implementations of the algorithms are.

and a specially designed network

The network is decentralized, not designed. "design" implies control.

of vast numbers of small but powerful and efficient nodes which monitor and relay transactions throughout its network.

source? Evidence? How big is "vast"? How efficient are they if a large number of them are running old software, or are on forks? How can you back this up?


Personally, I think what should set Nxt apart is a reliance on FACTS and not exaggeration for marketing. If I want bold claims that can't be backed up by evidence, I'll look at investing in one of the 20 scam coins that were released this week.

Your text is good, but it needs to be toned down and fact-checked.
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salsacz

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Re: Advantages of Nxt over Bitcoin
« Reply #24 on: March 29, 2014, 09:20:27 pm »

- the development of Nxt is not slowed by oldschool Bitcoin nadations and it's not falling behind thanks to original key developers. 1
- Nxt as an organisation is like a starfish - there is no head or tail, that could be cut off. Nobody can stop Nxt. Everyone can use or own Nxt.
- All Bitcoin Proof of Work clones can be destroyed by attack of bigger Bitcoin miners.
- Nxt is not a supporter of graphic cards factories or power stations. Nxt simply supports free money, free apps and free speech.

1 http://www.coindesk.com/bitcoin-core-development-falling-behind-warns-mike-hearn/
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mthcl

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Re: Advantages of Nxt over Bitcoin
« Reply #25 on: March 29, 2014, 11:22:21 pm »

If someone (e.g., a government) manages to collect 51% of hashing power, it can kill bitcoin and all its clones with the same algorithm. If the community wants to create a bitcoin-2, it can be immediately killed too, with no additional cost.

If someone (e.g., a government) manages to buy 91% (or whatever necessary) NXT, it may kill it too. But then the community can start a clone, and this someone will have to spend zillions again, for killing it.
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salsacz

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Re: Advantages of Nxt over Bitcoin
« Reply #26 on: March 31, 2014, 10:23:54 am »

BC - blackcoin

Quote
BC is a bitcoin clone "basically" with minor differences like POS once all coins become mined, in the other hand, nxt is a complete new system which is open to do a great variety of things, not only asset exchange, but paralell chains, messaging, AT... take a look to how many things you can do with that and then compare it to bitcoin.
Really people don't realize about this differences?
And please, stop spreading the distribution shit... which percentage of population is a miner or is able to get bitcoins or bitcoin clones withouth buying them? The distribution is mainly between this forum members... So please, use a bit of common sense
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innovator256

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Re: Advantages of Nxt over Bitcoin
« Reply #27 on: April 10, 2014, 06:38:16 pm »

We need a chart with comparable features..like someone on bitcointalk proposed:

Salsacz get me the charts and side by side comparison of all the 2.0 coins and I will have a beautiful chart for you in a 5days-week,
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salsacz

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Re: Advantages of Nxt over Bitcoin
« Reply #28 on: April 10, 2014, 06:53:26 pm »

sepehr is working on this, I guess. But this is not a competition between - who has more features. It is more about the philosophy behind the projects, people, their motives
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innovator256

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Re: Advantages of Nxt over Bitcoin
« Reply #29 on: April 10, 2014, 07:20:35 pm »

sepehr is working on this, I guess. But this is not a competition between - who has more features. It is more about the philosophy behind the projects, people, their motives

Its is true that when you speak to people its not about competition but being diplomatically educational about the movement..this is obvious..it is a smart tactic in a competitive networking environment. However online..when people have limited time to choose what to look into, especially given the growing number of coins, they need a quick reference to do a quick side by side comparison of what each protocol brings to the table...Understanding what adam levine was talking about to the marketing team and context application is crucial in how you play your cards in educational marketing online and offline

So what I am saying is something quick to draw users in on first glance.If sepehr is working on it great..I was suggesting because I could hire someone to accomplish this fast.
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salsacz

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Re: Advantages of Nxt over Bitcoin
« Reply #30 on: April 11, 2014, 01:02:23 pm »

If a very smart guy wants to help improve Bitcoin, he would have to fight with crypto dinosaurs who are sitting on their thrones like kings.
If a very smart guy wants to help improve Nxt, he can do it right now. Nxt has got decentralized leadership, here are no kings.
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salsacz

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Re: Advantages of Nxt over Bitcoin
« Reply #31 on: April 11, 2014, 02:49:59 pm »

don't care about the design now, if we go with the joefox's concept of advertising only current features, I grabbed these words from this topic. Is it cool?


- this is more like crypto 1.0 ad, but no lies here
« Last Edit: April 11, 2014, 03:25:21 pm by salsacz »
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BitcoinForumator

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Re: Advantages of Nxt over Bitcoin
« Reply #32 on: April 11, 2014, 02:53:29 pm »

Where is that comparison chart that was being discussed a while ago (that nexern proposed), you know - NXT vs Bitcoin, Ethereum, BitShares, Mastercoin

Is it being worked on still or is it done? Haven't seen the graphics yet.
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salsacz

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Re: Advantages of Nxt over Bitcoin
« Reply #33 on: April 11, 2014, 02:58:02 pm »

https://bitcointalk.org/index.php?topic=345619.msg5989688#msg5989688
I'm working hard on this project, It's very hard because sometimes terminology in different coins are not the same. Also I try that the result to be as accurate as possible. I assigned a sheet to references. So that every one can check to see that the claims are accurate. Also I may assign one sheet to definitions. It's harder that what I estimated and swallowing my time but I have not gave up and continue to present a good and accurate result. I think it will help a lot to clarify what precious coin is NXT.

Also I'm using a lot of articles about NXT and other coins. And I gave their references. I think it can even form a business. We can publish it in a website and every absent coin from our CCFM(CRYPTOCURRENCY COMPARISON FEATURE MATRIX) can pay us to study it and include it on our online coin comparison bot.
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joefox

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Re: Advantages of Nxt over Bitcoin
« Reply #34 on: April 15, 2014, 09:04:07 pm »

I think these are nice, salsa -- great "grabs" for web ads, etc.

I think the logo could use a tiny bit of whitespace around it, in the cases where the logo touches the very edge of the graphic -- just a few pixels.

The only language correction I'd suggest: generally, we would say "Nxt is a lighter, cheaper and faster crypto than Bitcoin".  Another alternative (but one that loses the important "crypto" word) might just be "Nxt is lighter, cheaper and faster than Bitcoin"
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slothbag

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Re: Advantages of Nxt over Bitcoin
« Reply #35 on: April 16, 2014, 01:47:04 am »

The biggest advantage of Nxt over Bitcoin for me is the PoS and easier codebase..

The mining while cool initially is actually a burden for bitcoin, the more alts created based on bitcoin spread out the number of miners thinner and thinner.  If I want to implement a bitcoin style tech solution in my organization I don't want to have to run a bunch of miners (or even one) to secure it.

Nxt can be cloned a million times, it can be run at home or the office as private blockchains with no requirement for miners burning 100% CPU.  So given it can be replicated easily with no reduction in security, and a relatively easy language (Java) I can see many systems based on NXT in the coming years.
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websioux

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Re: Advantages of Nxt over Bitcoin
« Reply #36 on: September 01, 2015, 09:13:01 am »

For web services, Nxt has advantage over Bitcoin because it offers to store broader type of data than Bitcoin. With Bitcoin, aside from bitcoin transactions, you can only store some data summary (hash) which is great to certify that data used by an external service are valid but the detail of the data, its availability and its existence in the future, only rely upon the service itself. With Nxt, since you can write more, more of the service data can directly go into the blockchain, which better secures the data availability and give it a better decentralized aspect.

So we can say, it offers a much better infrastructure to build "decentralized" application around the blockchain. And to do so, developpers can use an API which is really cool !
The more app there will be around, the stronger the econonmy and the coin.

From the perspective of data storage, Nxt is more ambitious. Is it too much?
« Last Edit: September 01, 2015, 09:40:51 am by websioux »
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Tosch110

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Re: Advantages of Nxt over Bitcoin
« Reply #37 on: September 01, 2015, 09:24:50 am »

One of the best argument for me is that NXT can be used by anyone, no matter where they come from, which religion they belong to or which country they live in (as they have internet).

Nobody can forbid you to create your account and use Nxt, you can start your business on the platform without the need to ask anybody for the permission to do so. Counterfeiting discrimination is an important point for me.

bcdev

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Re: Advantages of Nxt over Bitcoin
« Reply #38 on: September 01, 2015, 09:36:24 am »

Bitcoin aims to replace banks. NXT aims to replace stock markets, *crowdfounding and exchanges.

* You can replace by KickStarter, everyone knows what that is.
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v39453

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Re: Advantages of Nxt over Bitcoin
« Reply #39 on: September 01, 2015, 10:49:09 am »

If you are a programmer, google "bitcoin api" and "nxt api" and compare.

If you are a startup with an original idea, you would save yourself a lot of time by implementing it in Nxt instead of Bitcoin.
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