Netchain

Netchain

NTX

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avatar Dr. Doom 237
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Dr. Doom posted on September 15, 2019 22:52:33

I can be very brief with my judgment about this project! It is to be avoided under any circumstance! Just opening their website already tells you everything you need to know about this project; that they are don't know anything about crypto and/or are willfully misleading. First of all, their homepage has a "how it works" link to a video which only describes the working of blockchain in general, yet nothing in particular about the NTX, which is already weird. But the worst thing is what the homepage states:
"Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions."
This is not the actual meaning AT ALL of Peer-to-peer currency and could only been written by people that are clueless about cryptocurrency. This sole fact makes it an immediate full stop in the need to investigate further and an instant "thumbs down". Don't waste time on this nonsense is the first thing that comes to my mind.

The actual meaning of P2P should be something like: a "cash-like" digital transaction directly from 1 person to another, without the need of a third party or intermediary. Any description that would more or less reflect this, would at least be acceptable for me to have to spend at least some amount of time more to dive just a little deeper in the project.

This type of misleading or grossly uninformed statements are the sort that are meant to deceive crypto newbies that have no understanding at all of matters and it therefore does not matter if whatever they write does not make sense whatsoever.


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