There is a recent episode on Let's talk bitcoin (the podcast) in which the creator of the Tree-Chain concept talks about the difference of his idea to the idea of Side-Chain development and I think it's worth hearing about the security flaws inherent in side chains that not everyone realizes.

Quickly coded sidechains by overzealous bitcoin loons are flawed? Say it aint so!

when you have to create "side chains' to work around the problems of the 'main chain' you know you are creating more problems than you are solving. The term is 'cludge'.

I agree, to build something around the most inefficient protocol there currently is (Bitcoin), is just adding layers to something that should in technical terms be obsolete. The incentive here is of course a financial one.

George Carlin called it a cluster *&%$

Why?

you were just told why!

It all sounds rather corporate, centralized, heavily funded by VC's who one day will demand to see profits. Not everyone's cup of tea.
NXT seems to be the least corporate in nature, more community driven, perhaps even anarchistic, no 'management'. Which has both advantages and disadvantages I guess...

great, someone else who understands that VC funding is a loan (a debt) and not a gift, that one day not only does that money need to be paid back, but with profit and interest.

“We want to see everything from decentralized Airbnb to decentralized Uber to decentralized financial markets.”

Don't forget decentralized Silk Road

I wonder how these people will react to a decentralised, autonomous and anonymous child porn industry. Nobody in their right mind should be enthusiastic about that.

I demand decentralized tacos! ASAP!!!!!!!!!!!!!

Up to date information with explanations of how new currencies will work in the NXT Monetary System is worth reading:
https://bitbucket.org/JeanL...

Disney/Marvel will sue them soon NXT is a registered and copyrighted Marvel/Disney trade mark and imprint.

Title 2 is the real leverage point vs. VC in the US. All else is a tool on top. Still waiting on Title 2 enactment. Until people know to demand it, the SEC will continue to support the wealthy (drag their feet on T2).

I read that Swarmcorp still holds 60% of the total supply of 100,000,000 Swarmcoins. Does anyone know if this is true?

Totally true. How else do think they will be able to manipulate the price?

I don't know the exact breakdown, but that sounds about right.