Nxt Forum

Please login or register.

Login with username, password and session length
Advanced search  

News:

Latest Nxt Client 1.11.5 - NEW RELEASE: Ardor 2.0.3e TestNet IS LAUNCHED!

Pages: [1] 2  All

Author Topic: Why is NEM more valuated than NXT?  (Read 2748 times)

Nxter

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 595
    • View Profile
  • Karma: +61/-7
Why is NEM more valuated than NXT?
March 19, 2016, 04:58:17 pm


I have installed the NEM wallet in order to find the answer by myself.

However, I did not find any reason of why should Nem be more valuated than Nxt.  Nem has a very basic wallet with no apparent features other than transactions and "namespaces & mosaics??" what does it do?

What am I missing?

bidji29

  • Full Member
  • ***
  • Offline Offline
  • Posts: 247
    • View Profile
  • Karma: +53/-11
Re: Why is NEM more valuated than NXT?
March 19, 2016, 06:08:56 pm

It is pumped.

A lot of altcoin just get manipulated on the market since there is no regulation. It's just a good way to make some profit if you know what you're doing and have already a lot of money.
That's why you see Fedoracoin with a bigger marketcap than NXT too.

NXT doesn't have a big marketcap because it not manipulated/speculated probably since half 2014. It have probably the more "real" marketcap out there. It look bad at first but 90% of those bigger coin will not last.

The development is still going strong and the tech is getting better but that only showing in the price on a very long term basis.

HCLivess

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 520
  • Hardcore Gaming CEO
    • View Profile
  • Karma: +121/-47
Re: Why is NEM more valuated than NXT?
March 19, 2016, 06:38:29 pm

It is pumped.

A lot of altcoin just get manipulated on the market since there is no regulation. It's just a good way to make some profit if you know what you're doing and have already a lot of money.
That's why you see Fedoracoin with a bigger marketcap than NXT too.

NXT doesn't have a big marketcap because it not manipulated/speculated probably since half 2014. It have probably the more "real" marketcap out there. It look bad at first but 90% of those bigger coin will not last.

The development is still going strong and the tech is getting better but that only showing in the price on a very long term basis.

fedora is a typical case
Producing, Lending, Mining, Trading, Forging, Staking

websioux

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 289
  • Great changes grow bottom up
    • View Profile
    • Scriba.io the Blockchain Scribe
  • Karma: +60/-1
Re: Why is NEM more valuated than NXT?
March 19, 2016, 07:16:58 pm

valuation is not value.
Secret Miner <= communicate with style | NotBot <= timestamp digital docs

dsattler

  • Full Member
  • ***
  • Offline Offline
  • Posts: 107
    • View Profile
  • Karma: +4/-0
Re: Why is NEM more valuated than NXT?
March 20, 2016, 08:12:25 am

IMHO the biggest achievement of NEM is the advanced Proof-of-Stake algorithm named "Proof-of-Importance":
http://cointelegraph.com/news/proof-of-importance-nem-is-going-to-add-reputations-to-the-blockchain
Selling nxt-related domain names: https://nxtforum.org/index.php?topic=9434.msg185034
Verkaufe Nxt-bezogene Domain-Namen: https://nxtforum.org/index.php?topic=9436.msg185038

HCLivess

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 520
  • Hardcore Gaming CEO
    • View Profile
  • Karma: +121/-47
Re: Why is NEM more valuated than NXT?
March 21, 2016, 02:19:04 am

IMHO the biggest achievement of NEM is the advanced Proof-of-Stake algorithm named "Proof-of-Importance":
http://cointelegraph.com/news/proof-of-importance-nem-is-going-to-add-reputations-to-the-blockchain
that's a rather idiotic concept
Producing, Lending, Mining, Trading, Forging, Staking

box1413

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 635
    • View Profile
  • Karma: +96/-4
Re: Why is NEM more valuated than NXT?
March 21, 2016, 02:30:16 am

IMHO the biggest achievement of NEM is the advanced Proof-of-Stake algorithm named "Proof-of-Importance":
http://cointelegraph.com/news/proof-of-importance-nem-is-going-to-add-reputations-to-the-blockchain
that's a rather idiotic concept

how come? i havent looked into it.

Nxter

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 595
    • View Profile
  • Karma: +61/-7
Re: Why is NEM more valuated than NXT?
March 21, 2016, 11:42:19 pm


So, after after installing the NEM wallet, I could finally access my untouched and forgotten NEM stake that I bought on the AE long time ago and I dumped it for BTC which I then put on the LISK ICO.
 
Lets see how that goes...  :D

lovely89

  • Jr. Member
  • **
  • Offline Offline
  • Posts: 66
    • View Profile
  • Karma: +12/-0
Re: Why is NEM more valuated than NXT?
March 22, 2016, 03:28:14 am

Lisk ftw

TheWireMaster

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 328
    • View Profile
    • NXT Folks
  • Karma: +21/-0
Re: Why is NEM more valuated than NXT?
March 20, 2017, 12:55:18 pm

Was asking myself this question recently... and found this old post.
Anyone can explain me the key differences? If it's easy to explain... :)
NXT-5WW2-XQ63-CFGM-G7YAJ

Riker

  • Core Dev
  • Hero Member
  • *****
  • Offline Offline
  • Posts: 1578
    • View Profile
  • Karma: +412/-42
Re: Why is NEM more valuated than NXT?
March 20, 2017, 01:09:06 pm

Was asking myself this question recently... and found this old post.
Anyone can explain me the key differences? If it's easy to explain... :)

The NEM valuation is a real puzzle to me ...
About half of the blocks are empty: http://chain.nem.ninja,
The release progress is not that impressive and there are signs of immaturity like the Windows exe is not even digitally signed.
Also the revenue model is unclear, even if their private blockchain business is big in Japan, how would this improve the valuation of the public blockchain?
NXT Core Dev
Account: NXT-HBFW-X8TE-WXPW-DZFAG
Public Key: D8311651 Key fingerprint: 0560 443B 035C EE08 0EC0  D2DD 275E 94A7 D831 1651

TheWireMaster

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 328
    • View Profile
    • NXT Folks
  • Karma: +21/-0
Re: Why is NEM more valuated than NXT?
March 20, 2017, 01:23:29 pm

Thanks Riker... on top I don't see a scary set of features that would explain it neither.
NXT-5WW2-XQ63-CFGM-G7YAJ

TheWireMaster

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 328
    • View Profile
    • NXT Folks
  • Karma: +21/-0
Re: Why is NEM more valuated than NXT?
March 20, 2017, 01:23:36 pm

Thanks Riker... on top I don't see a scary set of features that would explain it neither.
NXT-5WW2-XQ63-CFGM-G7YAJ

d5000

  • Jr. Member
  • **
  • Offline Offline
  • Posts: 24
    • View Profile
  • Karma: +2/-0
Re: Why is NEM more valuated than NXT?
March 20, 2017, 07:23:21 pm

I think they're doing pretty well selling themselves as a "coin for the business world". The pumps came every time when they released another version of their "private" blockchain.

PoI for small coins is a pretty good idea as it encourages getting listed on exchanges and other service providers which can profit from it. But regarding the long term, this algorithm is encouraging using blockchain space which is the scarciest thing in a cryptocurrency (as we see with BTC now).

Another reason is maybe that their ICO was much more successful than NXT's and they've many bagholders that can make some noise and marketing.

For me, NEM is not a bad coin, but if they don't advance their feature set to solve really important issues they will never see mass adoption. For now, it's all speculation (like with >90% of all altcoins).

galeki

  • Full Member
  • ***
  • Offline Offline
  • Posts: 162
    • View Profile
  • Karma: +13/-2
Re: Why is NEM more valuated than NXT?
March 20, 2017, 08:25:24 pm

Actually recently NXT and Andor was pumped like others alts, but soon back to normal.

It's like there is no new users coming in, only old users dumping their coins when price spikes.

schnidl

  • Jr. Member
  • **
  • Offline Offline
  • Posts: 43
    • View Profile
  • Karma: +8/-0
Re: Why is NEM more valuated than NXT?
March 20, 2017, 08:39:32 pm

- NEM private chains can communicate with the public chain, so with every business running a private chain (mijin) the public chain will maybe also profit (more traffic).
- with every business testing and adopting the a private chain, more development and know how comes also to the public chain and the tech itself.
- the API is pretty simple and userfriendly i heard.
- communication and advertising in the right direction (successfull cooperation with businesses outside the crypto scene. i heard 300+ businesses are testing the private chain)

in my opinion that's not bad and it's not just a pump
btw, in some days/weeks (Q1 they said) a nice update will come called catapult to increase the speed to 4000tx+ per second
NXT-NBY7-VPLP-YGF9-BXF7Z

TheWireMaster

  • Sr. Member
  • ****
  • Offline Offline
  • Posts: 328
    • View Profile
    • NXT Folks
  • Karma: +21/-0
Re: Why is NEM more valuated than NXT?
March 20, 2017, 08:44:02 pm

Actually recently NXT and Andor was pumped like others alts, but soon back to normal.

It's like there is no new users coming in, only old users dumping their coins when price spikes.

For sure someone speculates. But on the other hand I see every day new users joining slack and I believe that there is no "normal" at the moment in the crypto space. If Dash or Monero or others have those market caps, is that normal?
For me normal is when the technology and the business plan underneath are evaluated fairly. So to be fair NXT and Ardor should not be so low in the capitalization chart... it just doesn't make sense. How can litecoin or dogecoin or ETC be more valued than NXT or Ardor? It just makes no sense in my opinion.
NXT-5WW2-XQ63-CFGM-G7YAJ

galeki

  • Full Member
  • ***
  • Offline Offline
  • Posts: 162
    • View Profile
  • Karma: +13/-2
Re: Why is NEM more valuated than NXT?
March 20, 2017, 09:09:26 pm

Actually recently NXT and Andor was pumped like others alts, but soon back to normal.

It's like there is no new users coming in, only old users dumping their coins when price spikes.

For sure someone speculates. But on the other hand I see every day new users joining slack and I believe that there is no "normal" at the moment in the crypto space. If Dash or Monero or others have those market caps, is that normal?
For me normal is when the technology and the business plan underneath are evaluated fairly. So to be fair NXT and Ardor should not be so low in the capitalization chart... it just doesn't make sense. How can litecoin or dogecoin or ETC be more valued than NXT or Ardor? It just makes no sense in my opinion.

True. Then I think the number of users counts.

For those mining coins like LTC or Doge, they got bunches of miners from day 1 and keep attracting new users with mining. Sure mining is not so popular now but they already got their advance.

And for ETC, it got all users of ETH because of forking.

And for other cryptos which its marketcap bigger than NXT, I guess they all have more users than us, and maybe more nodes.

Piano-man

  • Jr. Member
  • **
  • Offline Offline
  • Posts: 15
    • View Profile
  • Karma: +4/-3
Re: Why is NEM more valuated than NXT?
March 23, 2017, 02:30:27 pm

Japanese banks are buying all the Nems

a7594li

  • Full Member
  • ***
  • Online Online
  • Posts: 105
    • View Profile
    • bite01
  • Karma: +7/-10
Re: Why is NEM more valuated than NXT?
March 27, 2017, 01:07:10 pm

Japanese banks are buying all the Nems
why they buy it/?
LOWER FEES TO 0.1NXT PLS (:
Pages: [1] 2  All