4) Is a hard fork really needed?: As it stands, the current NXT client is a work of genius. NXT has by far the most advanced client in the cryptocurrency world. Do we really need NXT 2.0? Could some of the problems being solved by NXT 2.0 be done without a hardfork? There was a huge push from the community to implement asset to asset trading within the client, this was ignored by the NXT developers. Assets would be bought and sold by backed assets, such as BTC, USD, EURO etc. This would have enabled the most advanced decentralized crowdfunding platform within the crypto world. This would be would not require a hard fork and debatably more business friendly as these currencies are more liquid.
An Asset Holders Nightmare
It is more obvious than ever that the NXT community is now more divided more than ever. On one side we have the NXT holders who are bullish on the value of NXT and fNXT. On the right we have NXT Asset Holders bullish on the value of NXT assets. It obvious that with the arrival of NXT 2.0 that asset holders are receiving the raw end of the deal. NXT 2.0 punishes asset holders for using their NXT on assets instead of holding NXT. The goals of NXT which were originally thought to be perceived by investors have changed. Up until this point in time, the NXT asset exchange was instrument which gave NXT life. Now we will see the potential death of the NXT asset exchange for the pursuit of completely new goals.
As of now, one can only guess how the changes will effect the NXT eco-system as a whole. The important question to ask is, what is the value of NXT and fNXT post-hard fork? There too many unknown variables. As it stands, Asset Issuers are now in defensive mode trying to mobilize alternatives to protect their investors from losses. Here are two alternatives which may protect your investments from future losses.
Alternative 1 - Coinomat's New Blockchain
Coinomat, owner of the asset cryptofund and coinomat.com, is building a new blockchain based loosely on the NXT crowdfunding model based on asset to asset trading. All of Coinomat's assets on the NXT blockchain will be migrating over to the new blockchain. In Coinomat's words he describes the new blockchain as the following...
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