It is chicken and egg. If we just started trading peercover NXT/BTC on ripple, there will be liquidity. We don't need to worry about any other thing trading on ripple. NXT/BTC is like a colored coin that is just using ripple for exchange.
Because NXT is introducing its own system of colored coins through Distributed Assets Exchange soon, using Ripple to trade NXT hurts value of NXTs they hold. Ripple and NXT are more competitors than Bitcoin and NXT are. So, anyone who wants NXT to succeed should not use Ripple to trade NXT. Are my assumptions wrong? If they are wrong, why?
ripple is to NXT as classical music is to grunge rock
both are music, even though each group will claim the other group is not. It is my assessment that they can both coexist peacefully and advantageously to each other. A symbiosis.
If you ever want to convert NXT to USD, ripple makes it trivially easy. Maybe you don't want to, you don't have to. ripple is oriented toward being the cross currency payment system. NXT as you know is quite a bit more than that. Is there overlap, sure, probably around 5%. Gee, that's about what dgex is charging isn't it. Keep paying dgex usurious fees or trade on ripple without cost.
The only cost is because people are not using peercover's ripple gateway. If we used it, spreads will come down. The high spread is the only cost and that is because people are not using it.
James
totally agreed!one more point,NXT is 2nd version of ripple!or we can call NXT as color xrp, of course, not now, must wait untill all the worked planned for NXT done!