I have still some NXT floating around. Stopped looking after it as I had to update the wallet too often. I suspect I’m at least two versions behind having updated 4 months ago. It is clear that NXT has a formidable competitor in Ethereum where most people are flocking to as it is flash and new.
The takeaway from this is for me that it is very difficult to have sustainable cryptocurrency with a sound underlying business model. During IPO there is a lot of money and potential but none of the launched coins have been able to come even near 10% of Bitcoin’s marketcap in the last two years or create a profitable model for the long run.
It looks like that the development costs outweigh any profit which can be made with marketcaps in the longer term. Like the internet a larger chunk of profits are not in selling internet subscriptions or .com addresses as some thought in the late 90s, but in actual applications and business models.
The infrastructure needs to be there. We have NBT and NSR which I compare with selling the makeup of the internet (e.g. cables, routers, etc.). Whereas B&C is going to act like an ISP. More interesting opportunities should follow thereafter when real applications become more widely available e.g. bank like products and ledgers representing physical goods with sound and recognised ownership governance.
NXT (and Ethereum) has been trying to be everything. They have a few interesting ideas which will provide a base for others to specialise and market. They are just too immature and too early given the adoption cycle of cryptocurrency in general. It is similar as that you would have been trying to send an email to all your friends in the mid nineties inviting them to your party in a few hours. Most of them simply didn’t have one, so no big party that night. A snailmail would arrive at least the next day!
Will stop here, I’m digressing but I hope you get the hang of my post 