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SovereignBTC on Let's Talk Bitcoin published interview about NXT!
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Author Topic: SovereignBTC on Let's Talk Bitcoin published interview about NXT!  (Read 1529 times)

Marc De Mesel

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This new interview I did about NXT for SovereignBTC on Let's Talk Bitcoin will likely be listened to by 1000 of bitcoiners, some of whom having large amounts. Thank you so much to John Bush!

http://letstalkbitcoin.com/blog/post/uncoinventional-living-tour-day-14-porcfest-marc-de-mesel-on-nxt

Check also the comment section below!

Please share or if you are a whale, please donate to John Bush, he is the first to get the word out on such a big scale and I am confident he will do a lot more, though he needs support too. Check the shownotes for his NXT address.

Fatih87SK

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #1 on: July 31, 2014, 03:02:49 pm »

Awesome Marc!

Will share it!
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bitcoinpaul

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #2 on: July 31, 2014, 03:42:52 pm »

Marc - you are truly great!
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Marc De Mesel

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #3 on: July 31, 2014, 04:06:12 pm »

Marc - you are truly great!

Awesome Marc!

Will share it!

Now I'm blushing ;) Thank you so much bitcoinpaul and Fatih! :D

Marc De Mesel

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #4 on: July 31, 2014, 04:07:29 pm »

Good job Marc! One thing though, the messages are not encrypted yet (they are public) but in the next update they will be encrypted afaik.

Yeah, I'll have to give Wesley a good spanking there ;)

Messaging in crypto without encryption!?! Bad boy!!!  ;D

crumb-bum

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #5 on: July 31, 2014, 04:08:53 pm »

Marc, I love to listen to your interviews and I'm grateful to you for your efforts to introduce NXT to the world!

My one suggestion to you concerns the way you talk about the NXT Asset Exchange. I think you just recommended that people sit on NXT, since it is more likely to go up in value than any given asset on the exchange. Instead of that line of reasoning, why not emphasize the huge breakthrough that the AE represents? There are almost certainly going to be wildly profitable assets, and when this occurs, people from outside NXT will flood in, purchasing NXT in order to obtain the coveted asset. This will drive up the price of NXT, which ought to make all assets priced in NXT more valuable and thus more attractive. In short, what you will get is hopefully a feedback loop that will help NXT and its entire ecosystem to take off.

Speaking more generally, NXT is meant to be used (as well as hoarded :)). NXT will become truly valuable only when it is vigorously exchanged for goods, services, assets, etc.

Just something for you to consider. Thanks again for your great work!
« Last Edit: July 31, 2014, 04:11:02 pm by crumb-bum »
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Marc De Mesel

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #6 on: July 31, 2014, 04:39:13 pm »

Marc, I love to listen to your interviews and I'm grateful to you for your efforts to introduce NXT to the world!

My one suggestion to you concerns the way you talk about the NXT Asset Exchange. I think you just recommended that people sit on NXT, since it is more likely to go up in value than any given asset on the exchange. Instead of that line of reasoning, why not emphasize the huge breakthrough that the AE represents? There are almost certainly going to be wildly profitable assets, and when this occurs, people from outside NXT will flood in, purchasing NXT in order to obtain the coveted asset. This will drive up the price of NXT, which ought to make all assets priced in NXT more valuable and thus more attractive. In short, what you will get is hopefully a feedback loop that will help NXT and its entire ecosystem to take off.

Speaking more generally, NXT is meant to be used (as well as hoarded :)). NXT will become truly valuable only when it is vigorously exchanged for goods, services, assets, etc.

Just something for you to consider. Thanks again for your great work!

Thank you crumb for your appreciation and feedback.

I agree the asset exchange is a major breakthrough, you can now hold stocks, bonds, funds in full privacy without intermediary counterparty risk. I should emphasize that indeed and I will try to do that more.

However, wildly profitable assets as you say, compared to what? If you followed the bitcoin world, bitcoiners don't care about assets going up in fiat value, when at the same time it collapses in bitcoin value. Crypto makes a lot possible but it also raises the expectations.

I am predicting a major disappointment in the asset exchange by all the people that are today investing a major part of their NXT into assets. I think it is a very poor investment decision.

I think what crypto brings us is decent money, money that preserves it's value, even goes up in time. NXT does this the best of all. The consequence of that is that you don't need to invest anymore in stocks, bonds, real estate or art to keep or even gain purchasing power. So in cryptoland the only rational reason to still invest in assets is if it has a HIGH chance to OUTPERFORM bitcoin or NXT. Which asset on the asset exchange offers this? None!

Many think that the value for NXT will come from the asset exchange, but this is the same as thinking that the value of bitcoin comes from merchants accepting it, or bitcoin being necessary for the dark market. These things are partly true but only to a minor extend. The reason why bitcoin and NXT have value and will become more valuable, is because people value it, want to hold on to it. Ofcourse they will feel confident doing so if people accept it, if you can buy valuable things with it, but first and foremost the value comes from people saving the coin, not spending it.

But your point is noted, I should talk about why the asset exchange is a major breakthrough, thank you for pointing that out.


 

Sebastien256

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #7 on: July 31, 2014, 04:43:15 pm »

AE exchange + auto dividend + voting by asset number will bring huge possibility to the business on AE. The last two features are coming soon.
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Sebastien256

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #8 on: July 31, 2014, 04:52:21 pm »

So in cryptoland the only rational reason to still invest in assets is if it has a HIGH chance to OUTPERFORM bitcoin or NXT. Which asset on the asset exchange offers this? None!

This analysis do not take into account time, it is only valid long term without taking into account the flow of money. There is some asset that can outperform NXT over certain non contiguous period of time. For exemple, new business can grow very fast if they are well managed and transparent, so they can outperform NXT over a certain period of time.

For example, at the moment, I think hrNXTpool may outperform NXT for the next few weeks. Just enought time to make a complete ROI faster than on NXT alone. That is a similiar situation with STSH. 

I might be wrong, but....
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frohlocke

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #9 on: July 31, 2014, 05:54:10 pm »

So in cryptoland the only rational reason to still invest in assets is if it has a HIGH chance to OUTPERFORM bitcoin or NXT. Which asset on the asset exchange offers this? None!

Wrong: There is at least one asset which will outperform nxt. It is issued by shortnxt. Requirement: he has to roll it over every month. Nethertheless, I say there will more. Time will tell.
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crumb-bum

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #10 on: July 31, 2014, 06:38:25 pm »

Are there not several assets that are outperforming NXT at this point?

BGCaffe is kicking NXT's butt.

And what about jl777hodl?

Sharkfund, too, is outperforming NXT, no?

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jonny

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #11 on: July 31, 2014, 07:47:06 pm »

Another great interview :)
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farl4bit

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Re: SovereignBTC on Let's Talk Bitcoin published interview about NXT!
« Reply #12 on: July 31, 2014, 09:42:34 pm »

Enthusiastic and positive as always!  :D
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