Guys in regards to Asset for Asset trading understand 2 important things:
1. Fees in NXT are required.
2. Further fees in NXT are required to create and execute an AT.
Also the idea of adding an alias to an Asset IMO is a *bad* one - you've just let the squatters/scammers back in who now look like they are more legit (because naive people are going to believe that Software.Microsoft really is Microsoft as that's how you've described it to them by calling it "branding").
Just "because you don't like non-unique names" is really not a good reason to *support* scammers (which is how it will be perceived when people work out "they were tricked").
There is already account ID that is unique. Let users do the research and force them to add the legitimate asset issuer to their trust list. Then display only those assets to the user. What's wrong with this scheme? Can anyone explain? This will reduce (if not outright kill) scam. Unique name is really bad idea. If I issue "bitcoin" as an asset, then I am the only owner of that name for ever, even if I don't have any bitcoins. No one is able to use that name again. I am forever squatting on it. That sounds really bad. +1. this in addition to a way to sort by total fees spent on trading a given asset scams will not be a big deal at all. |
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Please read the following carefully:The fees will be higher this time than with exo_coin because the bitcoin price has fallen dramatically since I originally set those prices. I hope you will understand. The fee will be 0.02 BTC or 0.9% which ever is greater. Additionally you MUST BE IN PERSONAL POSSESSION OF AT LEAST ONE OF THE PRIVATE KEYS THAT YOU SEND FROM I will require digital signatures to release any funds or make any changes to the status of your order. Don't worry, its not as complicated as it sounds and I will be here for anyone who needs help to walk them through every step. You don't even need to know how digital signatures work yet, I can help you with that when the time comes, for now though just make sure that you send from a software client located on your machine or if you prefer e-wallet than use blockchain.info DO NOT SEND DIRECTLY TO ME FROM AN EXCHANGEOk so if you have read everything carefully and agree to these terms feel free to send to this address when ever you are ready. 1PT7jU42DQfVecwqBAnrT49gJhfVm3YyBz 0.52 BTC sent from Blockchain info. Shall I send signature key now? Thanks, JKBtCn No need. I will have you sign instructions when it comes time to alter the state of your account. Example: you might sign "Release btc to Din and edgecoin to edge address 09o1j21o2jo12no12ij012j0j", or "please refund bitcoin to address 00912uo1i2ow1n2own12jknw1i2". Welcome, anon136 |
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Any theories on the recent price movements in Nxt? Both the downswing and the upswing of recent days show a striking independence from the price of Bitcoin, and it seems like Nxt and AUR are the only top-10 alts whose price movements have become a bit detached from BTC. (Litecoin's brief spike was clearly due to talk of a big Chinese exchange being about to add LTC). Are Nxt's recent movements due entirely to the whales unloading a big pile, then the pile eventually getting all bought up? Or is something else/more going on? Other factors seem to be the imminent release of the AE and the new development of Nxt mining. Thoughts?
i do not know what to attribute the price swing to but i just wanted to point out that i also have noticed the striking independence from bitcoins price. not just in this swing but in general always nxt has been like that. to me its EXTREMELY long term bullish, no other altcoin behaves this way that i am aware of. for better or worse nxt is its own animal entirely. |
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www.uspatriotarmory.comAR-15 parts | Uppers | Lowers | Rifle Kits | 80% lowers | and various other items with more to come. NOW TAKING BITCOIN!!!!!!This has been a long time coming so take a moment to check out the site and take a read. I have been around BTC for a while and have worked on various projects. A while back I connected with this small business that provides unique parts for various kinds of rifles. The owner and I got to talking and he wanted a website and I said that if you took BTC too that would make a great online offering for what they sell. As I worked with him on building his online solution I was supersized with all the issues we faced in setting up this type of site. It has been one long learning experience that really I just did not expect. So about the site, please keep in mind that this site is not sexy, cool, slick or really in no way advanced in what it does technically other than offer products. Being that the company is small and focused on their core business we wanted to use solid and commonly found solutions for the website operation. With any small business expect the same growing pains a customer would or could expect but I will say his prices are great, his offerings are unique and cool so overtime we hope the site will continue to grow in its offerings and operation. What we did focus on is how the site would work and how BTC would be handled. The site is powered by 3D cart technology providing an established and stable shopping cart solution for maintaining the core function of the site. For processing Bitcoins that became a challenge but by using Coinbase we were able to provide a solid third party solution to process and manage BTC purchases mainly for everyone piece of mind. The last thing anyone wants is another MtGox issue! So I am spreading the word about this site, offerings and that it now takes bitcoin. I am not part of the company but just a subcontractor helping to offer these services to the BTC community. BY THE WAY, the owner does not think he will get much traffic from offering BTC so let’s prove him WRONG! Hell check out the site and send him questions or worst case buy something, ha.  It's so great that you are helping out that poor fellow from ares armor. He is a true hero. |
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I've been thinking about limiting trading pairs to only nxt crosses and whether that's possible and i think it is. The only thing is that if people in the other camp were super stubborn than we could potentially get a fork and get 2 separate nxt's one with and one without alt crosses. I would say that there are definitely very good reasons to want to limit crosses to nxt but if people really felt so strongly about it as to force a fork than i would back down, it isn't THAT big of a deal. The world would keep spinning even if people traded other crosses.
*edit* just remember that if we are competing with other people and they have crosses all over the place with everything trading against everything else and we are committed to crossing everything against nxt, our markets would be THE go to place for prices and any orders that are even reasonably large. Large orders would just move the other thinner markets too much in the process for it for anyone big to play there. *edit2* unless they bought a little bit of everything and executed trades on every cross at the same time, but who wants to deal with that.
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Certain AT programs could allow AE users to place options contracts like puts and calls based on trading pairs in the AE.
Sure I think options will be possible - the point is "you could do it now" (just requires a 3rd party) as we have a "transfer" mechanism (for those thinking that it is AT that is providing the functionality). There are going to be also sorts of complicated trading ideas worked out via ATs (or offered by 3rd parties) down the track. Is AT just a feature of a truing complete scheme that you have in mind? |
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how else can i sell my stake?
You can just ask for a refund. Anon136 don't want to change eXo coin early birds investor. Because if he do that, they'll create a market, an people will sell 1 BTC early birds for 2 BTC ... Just ask a refund if you want your LTC back. What the early investors do behind the scenes is not the business of exocoin or anon. If i get a good offer I would sell otherwise i wait this one out. sure that person would just have to trust you is all. I am fine with escrow, but yes. hm yea so the other person sends btc to escrow and you send nothing. then when the time comes and you get your exocoin you send it to the escrow and then the escrow releases funds to both parties. in that way the person would have to trust you because you could be using him as a put option in theory. if exo is the bees knees than you dont send to the escrow and the escrow refunds the btc. if exo is dirty diapers then you send the exo and get your bitcoins. |
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Anon136,
The free market must be allowed to flourish on the blockchain. Why insist on settling trade in NXT for every transaction when every transaction already has a NXT cost to process? What if a consumer wants to use the Nxt AE, has NXT for transaction fees and wants to buy $10 million of oil from a reputable Nxt AE Issuer (vetted with history, positive transactions, other due diligence items).
In your scenario the buyer must buy $10 million worth of NXT (about 250 million NXT) or about 1/4 of the existing TOTAL supply of NXT.
This simple attempt to purchase 25% of the supply of the TOTAL STAKE of a cryptocurrency would drive the price of NXT far past reasonable and the order could not be filled at the preferred price (the price before $10 million of NXT buy orders hit the market, attempting to take control of 25% of the supply of a Proof of Stake Currency.)
Then the user of the NXT AE (now seller of NXT) would have to sell $10 million of NXT to buy $10 million of oil from the reputable Nxt AE Issuer.
Big money needs room to move. Nxt needs to provide that room to move. I believe my illustration showing why Nxt AE needs to allow trading between any pair is complete.
Both "transactions" (in the colloquial sense) could be executed simultaneously in the same "transaction" (using it this time to refer to one record of information in a block not the more colloquial sense i used it in prior). In this way the nxt market wouldn't be moved. now im starting to think about whether this is the sort of thing that could be stopped even if we wanted to. it may not be that sort of thing. |
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I just typed out a nice response and got a 502 Bad Gateway. Here it is again. If Nxt AE does not allow people to choose any pair they like then another 2.0 platform will deliver this free market. Nxt currently has the most efficient blockchain available and the strength of NXT will be in the massive free trade made possible by the ecosystem. Nxt AE limits it's usefulness if it attempts to have NXT a part of every pair. The price of NXT will rise from the use of the Nxt AE; the network will grow. People will initially want to trade in pairs that already exist. Nxt AE should facilitate this ability. Nxt AT extends these capabilities to enable "dead capital" to be titled and traded. In the long run, Cross Chain Transactions will allow seamless cryptographic trading (likely from smart phones) allowing instant atomic trade of any cryptographic pair completely outside of the Nxt AE. To be clear from this morning,
Nxt Asset Exchange will allow trading in any pair chosen by market participants, correct?
not at the start. Once AT will be enabled, someone can create such a pair with NXT in the background honestly i think it would be best never to let that happen for a couple of reasons. it forces people to use nxt which inflates the value and strengthens the security of the network but also it forces the markets to be deeper and more liquid thus reducing volatility and generating more accurate and reliable price signals. Well, I do not agree with you Anon, really some market need to not be tied to the value of Nxt. Just think of the USD link to the Oil industry. This is great example, and this is really problematic for the US right now. USA have a huge responsability concerning this matter. In the end, pegging everyting to Nxt will put too much pressure on the Nxt devs or the Nxt network. I think it is better to let the market choose what best currency a thing need to be denomitated to. In the end, Nxt is the platform 2.0 ecosystem. Denomintaing everything in Nxt will focus NXT to be to much of a 1.0 crypto. To much centralization toward Nxt is not good either. I don't think Nxt need to be inflate, Nxt evosystem value will come by its ability to solve real world problems. Please detail more your opinion on this matter. I know you are talented to express your thinking. @TwinWinNerD Hopefully, I hope only Nxt fee will be involve in the background. yea you are right. our competitors will do it if we don't. and it will be to their determent. we will have by far the deepest and most liquid markets featuring the most reliable prices. they will do it and it will be a mistake and we will benefit from their mistake. *edit* this doesn't preclude the possibility of having the client handle the conversions behind the scene so that it looks to the user as if every pair possible exists and the transaction between them is made with 1 click instead of 2. |
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To be clear from this morning,
Nxt Asset Exchange will allow trading in any pair chosen by market participants, correct?
not at the start. Once AT will be enabled, someone can create such a pair with NXT in the background honestly i think it would be best never to let that happen for a couple of reasons. it forces people to use nxt which inflates the value and strengthens the security of the network but also it forces the markets to be deeper and more liquid thus reducing volatility and generating more accurate and reliable price signals. Well, I do not agree with you Anon, really some market need to not be tied to the value of Nxt. Just think of the USD link to the Oil industry. This is great example, and this is really problematic for the US right now. USA have a huge responsability concerning this matter. In the end, pegging everyting to Nxt will put too much pressure on the Nxt devs or the Nxt network. I think it is better to let the market choose what best currency a thing need to be denominated to. Most thing could be value in Nxt, but not everything. Better to let free will. In the end, Nxt is the platform 2.0 ecosystem. Denomintaing everything in Nxt will focus NXT to be to much of a 1.0 crypto. To much centralization toward Nxt is not good either. I don't think Nxt need to be inflate, Nxt ecosystem value will come by its ability to solve real world problems. Please detail more your opinion on this matter. I know you are talented to express your thinking. @TwinWinNerD Hopefully, I hope only Nxt fee will be involve in the background. Well you didnt disprove either of my arguments you only added a couple of new ones. I tend to agree with your arguments, i think they are right. However they are not sufficient to overcome mine. Its like if we were stranded on an island and a box of liquorish washed up on shore and i said you should eat some of them and you said yea i would except i don't like the taste. Yes that's a good valid and right argument for why not to eat something, but its insufficient to overcome the argument that if you dont eat them than you will probably die. |
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To be clear from this morning,
Nxt Asset Exchange will allow trading in any pair chosen by market participants, correct?
not at the start. Once AT will be enabled, someone can create such a pair with NXT in the background honestly i think it would be best never to let that happen for a couple of reasons. it forces people to use nxt which inflates the value and strengthens the security of the network but also it forces the markets to be deeper and more liquid thus reducing volatility and generating more accurate and reliable price signals. |
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Please read the following carefully:
The fees will be higher this time than with exo_coin because the bitcoin price has fallen dramatically since I originally set those prices. I hope you will understand. The fee will be 0.02BTC or 0.9% which ever is greater.
Hi, Anon, I'm not clear about the last sentence. How many should I send to you if I want to invest 1 BTC? 1.02 BTC or 1.009 BTC ? 1.02 |
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Please read the following carefully:
The fees will be higher this time than with exo_coin because the bitcoin price has fallen dramatically since I originally set those prices. I hope you will understand. The fee will be 0.02BTC or 0.9% which ever is greater.
lol and even taking fees I hate what this community has become What am i supposed to work for charity? I'm a very busy person. *edit* also you are naive if you would allow someone to hold your money who claims to offer you that service for free. Yes you handling service for scammers and therefore are no better than them. yea saving people from getting ripped off makes me just as bad as the person i saved them from  ignored |
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Well its a tough problem. if there was a way to say exclude someone from the blockchain who failed to announce his intention to mint a block than it would be easier. that's the first problem that needs to be solved.
*edit* cfb do you know how to do this?
Why do u think that an average programmer could know this? This is a conceptual issue. erm. well you might know. i dont know what you dont know. |
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Please read the following carefully:
The fees will be higher this time than with exo_coin because the bitcoin price has fallen dramatically since I originally set those prices. I hope you will understand. The fee will be 0.02BTC or 0.9% which ever is greater.
lol and even taking fees I hate what this community has become What am i supposed to work for charity? I'm a very busy person. *edit* also you are naive if you would allow someone to hold your money who claims to offer you that service for free. |
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ok so the idea is that if we could measure and define the qualities of the network topography in a way that all observers could agree on than we would have never needed sotoshis invention. that is PRECISELY the problem that satoshi solved with proof of work and blockchain. if we could have measured the network topography in an objectively valid way than it would have always been immediately obvious to everyone involved if someone ever tried to do a doublespend.
Ah, yeah. I am halfway trough. So, now what? What is your conclusion? Well its a tough problem. if there was a way to say exclude someone from the blockchain who failed to announce his intention to mint a block than it would be easier. that's the first problem that needs to be solved. *edit* cfb do you know how to do this? |
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network topography is not a quantitative quality. the idea that we can define its qualities in an objectively valid way presupposes that we have a better solution to exactly the sorts of problems that proof of stake blockchains were invented to solve in the first place.
And now again, please. For ChuckOne and all of those with lesser English skills. ok so the idea is that if we could measure and define the qualities of the network topography in a way that all observers could agree on than we would have never needed sotoshis invention. that is PRECISELY the problem that satoshi solved with proof of work and blockchain. if we could have measured the network topography in an objectively valid way than it would have always been immediately obvious to everyone involved if someone ever tried to do a doublespend. |
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if anyone has any proposals that they would like to submit for review by the techdev committee than send them my way and i will add them to our public repo on bitbucket
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