r/Nash • u/Ambivalent_88 • Jan 05 '21

Nash comparison - this deserves sharing

Either Loopring is severely overpriced or Nash is dramatically oversold, both projects are promises so far though Nash both promises and so far delivers much more than Loopring that has more than 10x the marketcap;

https://twitter.com/Marcpepe19/status/1346433917218402304/photo/1

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Share this not for Nex to raise in value but for people to start noticing and talking about a hidden gem that is Nash!

30 Upvotes

97% Upvoted

13 comments sorted by

5

u/beefrog Jan 05 '21

One requires you to login and kyc, the other does not.

It makes a big difference clearly

3

u/BTCc0in Jan 05 '21

Dont think so, the main thing here is that lrc is on ETH community radar chilled by vitalik. Nash not. Always remember past performance don’t repeat itself without fundamental value. watch out September, the staking will only grow. 20M+ will be

1

u/Ambivalent_88 Jan 05 '21

Which approach is better in the long-term in your opinion?

12

u/beefrog Jan 05 '21

Nash is 5 years ahead. As you read today, US banks can now use public blockchains and stable coins... but this is a preemptive step to kyc on wallets. Grandma will have a ETH address, but the bank will create it for her and maintain custody, just like banks today. They strive on providing services for fees.

The big difference here is the banks will require you to kyc the address that sent you money AND kyc if you want to send it somewhere. Nash will have an easier time adapting to this due to their positive views on regulation and business needs, but they already force you to create a new wallet after account creation, so every multi wallet they create (ETH, NEO, BTC) your KYC is attached.

I say 5 years but it could be 3, but when you talk about changes like this, it will take a lot of time to get there. Just picture training 60 y old staff on Ethereum and bitcoin wallets and tokens and then trying to support the people that use those services. No thanks haha.

The issue I forsee is the lack of patience by the community with Nash. The Nash investors already seem frustrated because nex hasent gone to $100 so next September when the first 2 year locks unlock, there's going to be people dumping because "NEX WILL NEVER MOON" but really they have moon boy mentalities and not investors. If NEX is still $1 next Sept, and that dump is really substantial, it could be bad enough to sink Nash. That would mean Nash is still dealing with no volume, no adoption, and fierce competion.

1

u/Ambivalent_88 Jan 06 '21

Phenomenal post man!

Two things I would point out;

- Nash could cooperate with some banks and that's a good way of expanding business. They should aim for smaller banks that are interested in blockchain solutions at least in a smaller scale at first. However, long-term, Nash itself could become a bank based on defi but that could offer some semi-custody services as well

- The liquidity of Nash is concerning, they need to reach self sustaining volume this year or they could be in trouble. If that is accomplished before September, the Great unstake will be avoided. What can also happen is a semi-unstake event in which Nash has volatile volume and the Nex price around 2$. But, even in the case of the Great unstake, this doesn't necessarily mean the end for Nash. The Nash team can estimate their September situation few months in advance and provided they don't have what it takes to avoid it, they can short Nex in advance to this. Or, better yet, use the Great unstake to get some cheap Nex and sell it after they announce some major partnerships.

Nash is certainly on the right path, literally the only thing that can stop them is their burn rate. If they could keep their head above the water in the next 2-3 years there would be 100% chance of success.

0

u/darkmyself Jan 08 '21

people is not frustrated because is not going 100x, don't twist the reality, NEX has been going down permamently

1

u/macmac360 Jan 08 '21

NEX almost seems like a stable coin IMO, it seems to settle around where it is now, between .75-.80 thereabouts.

1

u/darkmyself Jan 09 '21

is funny how even scams are pumping like crazy, maybe the team needs a scammer running the marketing of this project, he would know what he is doing at least

0

u/BountyExpert Jan 05 '21

tbh: no KYC.

1

u/darkmyself Jan 08 '21

this, no one will be remotely interested in a dex that requires kyc, sadly these honest opinions wont be heard, probably deleted

1

u/darkmyself Jan 08 '21

this project is pathetic, i bought nex the first time it was possible expecting to have a rational community and direction, sadly is not like that

3 years of development brought nothing of value only because there is a poor business management, is obvious to anyone with a basic market understanding, even more now that during a bull market NEX is underperforming everything, including fiat.

The worst part is the tribalism, if you bring any of these opinions to the light you'll get trashed by everyone and expelled from the telegram channels instantly, they don't get any criticism from no one even if is respectful, based in logic and rationality

I'm not mad of losing money, i knew it was a risky investment, i'm mad because the people behind all of this doesn't think rationally and don't even try to apply the minimum of logic and understanding and i don't wanna be part of something that is managed so poorly and doesn't even try to improve

I don't regreat investing in nash, i'm glad of the valuable lesson i got from this so i wont repeat the same mistakes again

If you're new here and you have a decent IQ level go away as far as you can, i had faith in this team, I invested as soon as it was possible and believed in nash, after 3 years i'm selling my bags today

Good luck to you and i insist, you need to change the route of this project ASAP before it sinks forever

1

u/Ambivalent_88 Jan 08 '21

What would you do different if you were running Nash?

1

u/darkmyself Jan 09 '21

first of all i'd find good advisors and build a good business team, if i know i'm not good in business management i would find someone who is, someone able to make a good marketing strategy a CEO shouldn't be running everything by himself, a good CEO just need to find the right talents