when a clone can compete with its parent with no conceivable advantage, this is very dangerous indeed for the idea of digital scarcity. this is very troubling.
I would not be surprised is this joke is funded by crypto enemies (like JP) and when they make it No1 will let it collapse just to prove that the whole cryptocurrencies ecosystem is a joke, just like doge...
klee, Doge may seem like a joke but it is not. It's an experiment that worked out pretty nicely so far. I remember the first two days when DOGE came out, it was very well perceived from day one and people loved to send the doges around. I remember receiving hundreds of thousands just as a joke because nobody took it seriously. Not much later it began to become huge.
It also nicely demonstrates the power of marketing and hype. PS. I don't own any DOGE atm and I am personally not much interested in it, huge numbers of other people are though.
NXT is a king when it comes to crypto innovation, yet average crowds do not care about the king, they want the fun. Doge provides it.
But do we know if the creator has a hidden agenda and/or other people behind him?
On the hidden agenda: don't think DOGE is an evil scheme, it's simply an example of an emergent system; right idea in the right place at the right time leads to massive growth. Could just as easily have been CatCoin or KittehCoin or....but DOGE just caught a wave at the right moment.
If u want a conspiracy to destroy alt-coins, take a long, hard look at Maxcoin.
DOGE vs NXT = Marketing vs real innovation.I'm not worried about DOGE in the long term. Either it will crash like a bitch when the next most-hyped coin comes along, or it will remain in the crypto ecosystem as a tipping/small payments coin, at least for a while. It brings nothing new to the table, purely marketing/hype.
I'm also not too worried about NXT. Never forget that we are barely 4 months down the road from NXTs genesis. Look how far NXT has come in that time, and look at how stable it is right now, in a very hard time for all cryptos. Having said that, it wouldn't hurt NXT to pay slightly more attention to marketing.
If u r really old, think about VHS vs Betamax, or currently Apple vs everyone they copy, sometimes marketing wins over innovation.
I think our best 2 marketing strategies right now will be
1) to continue to spread the word among serious tech types/crypto nerds. Nerds love NXT, we really do. Try to find another thread on BTT with the same level of technical discussion......
2) Promote NXT as a safe haven in uncertain times for crypto. The last few days have seen big losses for a lot of cryptos, but NXT is remaining solid, only losing/gaining fiat value in step with BTC. Don't know how NXT will do in a serious BTC crash, but if enough people see it as a solid alternative to BTC and step over to NXT, the sky is the limit.
And hodl, of course, don't get impatient. It took Bitcoin 5 years to get where it is today....
