Agree with a lot of this. That's why I try to test out the wallets and services of some of these coins before I dive in too deep.
Ted turned me onto NAV for this very reason. Really interesting research, project plan, and a working wallet that stakes and has consistently given me coin. Even if NAV doesn't pan out in the long term, it gives me confidence that there's something tangible there I can fall back onto. That said, really hoping the NAV team comes through with their fiat-to-NAV mechanism soon. I've been looking for good alternatives to Coinbase for a while due to their high fees.
EOS concerns me a little bit with something like NAV. Not so much as a direct competitor, but that crypto seems to be innovating so fast, that existing projects could get left in the dust in terms of technology. It may be 5 years from now, projects begin to favor EOS code copies. It's hard to gauge, but this is a recent concern of mine with the project. That said, if they're the first to achieve anon-dapps, I don't see how the price could stay down.
Agree, but EOS needs to deliver first. So for now, I'm holding a lot of NAV.
Yeah, it's just a long-term concern of mine. It really shouldn't factor in at the moment. And when we consider the number of scam coins that make it into the top 50, NAV stands a chance of having its day.
My biggest concern with EOS is that there's absolutely no legal guarantee or requirement in any way that the current ERC-20 EOS tokens are going to be converted or redeemable for actualy EOS tokens in the future. If that were a faint legal loophole to allow an ICO to occur, I'd undertand that, but they won't allow US residents to partake! Odd.
I'm excited for the platform in every way, but the purchase agreement makes me view the current ERC-20 EOS token to be essentially worthless.
There's a lot to be gained from tomfoolerly like that, especially if the platform is as revolutionary as it plans to be. The combined potential market manipulation ability of a project of that size with that legal language and off-shore structure, in addition to it's technological potential, could make for game changing market moves at their whim.
Look at NAV's chart right now...what do you make of it?
https://www.tradingview.com/chart/N8XaD0mB/ - looks like it's doing some weird U patterns up and down in a very clear row.
My view when a chart forms a stall bottom but doesn't go any lower, we see this in Ripple's chart too. A long-term buyer, has picked that level and is supporting it. Sometimes could be multiple buyers picking that level. Another factor causing this is BTC soaring, NAV is only traded in BTC, so normally BTC rallying could cause NAV to drop in BTC value, yet if buyers pick a ratio, such as .0008 NAV/BTC to hold the line against the ratio dropping, then NAV rises along with BTC even though the chart is flat. It's a good way to invest in BTC if this is truly what is happening because a person could get all the BTC appreciation and then if NAV has any additional appreciation, they could capture that too. Not guaranteed, just something that can happen with coins.
any idea when nav are going to launch its software