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NXT -decentralized alias system. Better implementation than Namecoin's .
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns. other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further. You have to think about how it is going to work. Just because someone says this gateway is not going to fall does not mean it is not going to fall. Nothing gives you a stable return unless you take a certain amount of risk. It would be the only channel to exchange BTC/NXT or NXT/BTC on the Nxt Exchange....and the shares would be a new source of liquidity....another source of income parallel to mining. It is not free market and decentralization. Everyone should be free to open an exchange if they can persuade the economy to trust them. Secondly, your model is flawed economically. Nothing can guarantee you a certain rate of exchange between Nxt/ Btc. Not the rate of exchange....the BTC/Nxt Gateway charges a simple/set service fee....the total service fees collected....would then be divided at the end of the month and send to those accounts holding BTC/NXT shares/tokens.....based on the percentage of their holdings Who controls the account holding Nxt ? who controls the account holding Btc ? Who making the transfer upon a request ? Still one individual need to step up to do that task. He can use his own btc/ nxt account or he can mobilize nxt/ bct from other to make a partnership. That's a business decision. But other people should also be free to do the same. Who we are to impose the rule of one exchange ? isn't it monopoly ? It will be automatic....no need for individuals...its needs to be decentralized.....the company is publicly owned.....the person who codes this 1st get to make a cut during IPO....a reward for their hard work. The issue is that the gateway can run out of Btc or Nxt. You can never be sure of that. Nxt and Bct are individual asetts you can't force people to send their assets to the gateway. You have to consider the possibility of the gateway going bankrupt and being delisted the gateway runs on the network it has no profit or loss....it just collect fees and divids them based on who owns the percentages of the share say at 12 am on the 1st day of the month Shanghai time. if no fees are collected nothing is paid out I dont think you understand the business of running an exchange. Please read more first. |
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CfB, how is the decentralised exchange testing going?
We've done with testing. Now all depends on when nexern completes his client. yes, working on the client prototype and i am more than confident we have not only the asset exchange until end next month. i would like to spend more time on the client but i have to clear and finish some explorer issues before. don't like to leave the explorer in an bad shape when starting fulltime with the client. preparing a complete roadmap this weekend and post it here. some feedback would be nice what additional features we like to see already integrated right from start. Hi nexern. Are you considering listing your blockchain explorer company in the asset exchange ? we need some credible assets at first and I can' think of any better example. I am going to buy your first share. |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns. other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further. You have to think about how it is going to work. Just because someone says this gateway is not going to fall does not mean it is not going to fall. Nothing gives you a stable return unless you take a certain amount of risk. It would be the only channel to exchange BTC/NXT or NXT/BTC on the Nxt Exchange....and the shares would be a new source of liquidity....another source of income parallel to mining. It is not free market and decentralization. Everyone should be free to open an exchange if they can persuade the economy to trust them. Secondly, your model is flawed economically. Nothing can guarantee you a certain rate of exchange between Nxt/ Btc. Not the rate of exchange....the BTC/Nxt Gateway charges a simple/set service fee....the total service fees collected....would then be divided at the end of the month and send to those accounts holding BTC/NXT shares/tokens.....based on the percentage of their holdings Who controls the account holding Nxt ? who controls the account holding Btc ? Who making the transfer upon a request ? Still one individual need to step up to do that task. He can use his own btc/ nxt account or he can mobilize nxt/ bct from other to make a partnership. That's a business decision. But other people should also be free to do the same. Who we are to impose the rule of one exchange ? isn't it monopoly ? It will be automatic....no need for individuals...its needs to be decentralized.....the company is publicly owned.....the person who codes this 1st get to make a cut during IPO....a reward for their hard work. The issue is that the gateway can run out of Btc or Nxt. You can never be sure of that. Nxt and Bct are individual assets you can't force people to send their assets to the gateway. You have to consider the possibility of the gateway going bankrupt and being delisted |
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I am not surehow profitable we will be when we are not charging any fees and also competing with peer to peer xchange
I think it makes more sense using bounty model
Of course if nobody sees a need for better trading then we will find out if offered bounty is very small
Significant nxt was used for a 3 minute video, i would hope people will feel that having a distributed xchange is worth more?
I am also in close contact with ripple labs and getting this project crowd funded and running on top of ripple will be very good pr for their vc backed pr machine. You have to admit they have good pr, they have ios wallet using qr code
You could make 1000 shares out of company. And selling 200 of it at 2nxt/ per share. It would be a hot cake even if you have no profit and very litter of revenue. When your company share traded in the asset exchange, you will have a real life indicators of how people think of your company. When it turns out profitable 6 months later on, 1 share could go to 1000 NXt then you can sell another part of your ownership. It would be pretty much like an IPO in real life. But you have to persuade the community that you are serious in your first social contract. I believe several first companies in Nxt asset markets will have their share skyroket to the moon. |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns. other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further. You have to think about how it is going to work. Just because someone says this gateway is not going to fall does not mean it is not going to fall. Nothing gives you a stable return unless you take a certain amount of risk. It would be the only channel to exchange BTC/NXT or NXT/BTC on the Nxt Exchange....and the shares would be a new source of liquidity....another source of income parallel to mining. It is not free market and decentralization. Everyone should be free to open an exchange if they can persuade the economy to trust them. Secondly, your model is flawed economically. Nothing can guarantee you a certain rate of exchange between Nxt/ Btc. Not the rate of exchange....the BTC/Nxt Gateway charges a simple/set service fee....the total service fees collected....would then be divided at the end of the month and send to those accounts holding BTC/NXT shares/tokens.....based on the percentage of their holdings Who controls the account holding Nxt ? who controls the account holding Btc ? Who making the transfer upon a request ? Still one individual need to step up to do that task. He can use his own btc/ nxt account or he can mobilize nxt/ bct from other to make a partnership. That's a business decision. But other people should also be free to do the same. Who we are to impose the rule of one exchange ? isn't it monopoly ? |
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We already have btc/ltc/nxt/usd gateway working
No fees at all
Our profits will come from forging revenues - costs
How does this "ipo" using nxt exchange work? Still dont understand it
You can prepare your gateway for an IPO in Nxt asset exchange. |
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We already have btc/ltc/nxt/usd gateway working
No fees at all
Our profits will come from forging revenues - costs
How does this "ipo" using nxt exchange work? Still dont understand it
Here is what I am proposing We will need a protocol that any company has to follow to make an IPO on Nxt network and listed as an asset in the asset exchange. The minimum you will have to do is: 1. state why your company has value; your company mode of operation; total shares you re going to issue 2. your responsibility to the company and the share you are going to issue. 3. basically, it is your responsibility to persuade Nxt holder to trust you and your company This will be included in the social contract on your IPO open for the public in a secure forum. There is a fee for IPO and asset listing. I think it is 1000 Nxt. So if you can't persuade people to buy your share, you will lose that 1000 Nxt. If you finish your IPO successfully, your share will be listed in the asset exchange. Form that point on, the price discovery process will determine the true-worth of your company/ idea. Of course if you run away with your money, your share will hit zero and being delisted. That is skeleton of how I think the asset exchange will work. I can develop it fully upon community request. |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns. other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further. You have to think about how it is going to work. Just because someone says this gateway is not going to fall does not mean it is not going to fall. Nothing gives you a stable return unless you take a certain amount of risk. It would be the only channel to exchange BTC/NXT or NXT/BTC on the Nxt Exchange....and the shares would be a new source of liquidity....another source of income parallel to mining. It is not free market and decentralization. Everyone should be free to open an exchange if they can persuade the economy to trust them. Secondly, your model is flawed economically. Nothing can guarantee you a certain rate of exchange between Nxt/ Btc. |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset excahnge, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. I edited my post....1st IPO should be BTC/NXT.....the reason is this gateway won't fail and it will stablize the system and give stable returns. other IPO would be more risky....so we gotta start with less risky companies until the exchange develops further. You have to think about how it is going to work. Just because someone says this gateway is not going to fall does not mean it is not going to fall. Nothing gives you a stable return unless you take a certain amount of risk. A Nxt blockchain explorer company by nxerm is the least risky I can think of right now. You buy the shares in his IPO and then the shares will be traded freely in the market. Nxt blockchain is the proven service to the company so that give the share the value. |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan bank in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. Edit: Imaging the volume of fee generated by BTC/Nxt Gateway....this gateway should be the 1st Nxt Asset Exchange IPO. so it would not be under the control of one individual...and anyone can buy in at anytime. this IPO would see huge demand! The gateway has to be one individual's responsibility. This person needs to be loaded so that he can perform the act of exchanging Nxt/ Btc at any request of buyers/ sellers. It is not going to be an easy task. |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. A NXT/USD gateway in the Nxt exchange would represent something like Chase Manhattan in the real world but decentralized....it would be profitable from day one cuz all USD/NXT transactions go thru it. I suppose you can IPO that gateway to be the first company in the asset exchange. Of course it is going to be an important company. I am just saying that the Nxt asset exchange is much bigger than just an usd/ nxt gateway. There are many more businesses that could make IPO and list in Nxt asset exchange. I think someone should really thing right now about how to operate an usd/ nxt if you are an owner. It is not going to be easy since you have to able able to convert usd/ nxt at will for anyone who ask. It is easier and less risky to operate a btc/ nxt exchange. Remember in nxt asset exchange, we are dealing with real assets not the kind of pseudo- indicators as in Bitshare community envisions I understand why BCnext has to be anonymous. |
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I think a better idea would be to IPO the service providers/gateways
for example: USD/NXT gateway could issue Nxt in IPO....people can buy a share of the company and get a monthly dividence of nxt based on there holdings.
BCNext
Member
Re: [ANN] Nxt :: descendant of Bitcoin
November 08, 2013, 07:59:19 AM
Reply with quote #446
It is real.
Here is an example
I want to run a business. I issue an asset (let's call it Krusty Krab tokens - KKT). I set quantity of KKT to 1000. I announce that I sell KKT for 20 NXT each and pay 5 NXT monthly interest within next 6 months. I create an ask order -- 1000 KKT for 20,000 NXT. You create a transaction that sends me 500 NXT for 25 KKT. It's up to you what to do with your 25 KKT (you can place an ask order and sell them for 27 NXT) but each month I will check the blockchain to see who owns KKT. And I will send 5 NXT for each KKT to those who owns them.
Of course we want a usd/ Nxt gateway. But I fail to understand why it is so important. Soon you can sell/ buy Nxt at Btc-e, Bitstamp in both usd, bct and multiple other exchanges. They are centralized but have already worked so far and have certain trust of the communities. What is truly innovative and disruptive about the Nxt asset exchange is to give internet start-up a direct way of raising money and growing their business in global scale. |
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is there somewhere i can read about asset exchange implementation of nxt? so i have a company, i list it in the asset exchange and ppl will buy in with nxt to own some shares of my company right? then i will just say that i don't respect the agreement and take the nxt and leave or am i just saying bullshit?  Nxt will be held in some sort of time limited escrow account....the Nxt never really leave the Asset exchange. I could be wrong... An asset issuer should have the ability to sell his raised Nxt so that he can put that money into growing his business. That's how IPO works. |
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is there somewhere i can read about asset exchange implementation of nxt? so i have a company, i list it in the asset exchange and ppl will buy in with nxt to own some shares of my company right? then i will just say that i don't respect the agreement and take the nxt and leave or am i just saying bullshit? We will need a protocol that any company has to follow to make an IPO on Nxt network and listed as an asset in the asset exchange. The minimum you will have to do is: 1. state why your company has value; your company mode of operation; total shares you re going to issue 2. your responsibility to the company and the share you are going to issue. 3. basically, it is your responsibility to persuade Nxt holder to trust you and your company This will be included in the social contract on your IPO open for the public in a secure forum. There is a fee for IPO and asset listing. I think it is 1000 Nxt. So if you can't persuade people to buy your share, you will lose that 1000 Nxt. If you finish your IPO successfully, your share will be listed in the asset exchange. Form that point on, the price discovery process will determine the true-worth of your company/ idea. Of course if you run away with your money, your share will hit zero and being delisted. That is skeleton of how I think the asset exchange will work. |
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To be on the safe side, I wouldn't advise enxern to quit his day job - but if he can take a non paid vacation, I guess it will be very easy to raise the funds to pay him generously...
Count me in! I am pretty sure I am going to quit my job at least temporarily to devote my full time time to Nxt if the official launch goes smoothly. |
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Serious gaming site cannot be hosted in the blockchain. It would be too much of a burden. The share that represents the gambling could be listed and traded in the asset exchange though.
We also need an secure forum to host social contracts for the newly issued shares and assets.
Well, he has to wait when Service Providers implemented. This doesn't make much sense to use centralized website. We still need to have some linkage to the real world. At least for now. If shatoshi dice can operate as a centralized website then a Nxt dice can. The only difference is that satoshi dice is regulated by some government meanwhile nxt dice needs not be. |
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We should have a line up of 3-4 great assets/ companies ready for the asset exchange upon official launch. Are you ready to be the first IPO in Nxt network and the first company listed in Nxt asset exchange ?
Alias-squatters could use Asset Exchange to raise funds for their future business that will bring billions in 5 years. In this case everything will be completely transparent. It would take time. People is not going to spend money on some promises alone. You have to have something to show first. Perhaph, we should ask nexern to incorporate his Blockchain explorer and make it the first asset of Nxt network. He could be a millionaire upon the IPO  then he can totally focus on finishing Nxt client. +1000 great idea. An IPO based totally on NXT....where anyone can buy a piece of the company. This would give good practice A truly global company with global investors. With completely decentralized and peer-to-peer rules. I can't tell you how disruptive it is to the traditional society out there. |
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I advised a guy to code a series of gambling sites accepted Nxt, then bundle them together, make a company and list in Nxt asset exchange. He seems not understand what I am saying. Guys being the first IPO in Nxt network and the first company listed in Nxt asset exchange would be a huge publicity.
He doesn't need sites. Everything can be hosted on the blockchain. (This is not implemented yet though) Serious gaming site cannot be hosted in the blockchain. It would be too much of a burden. The share that represents the gambling could be listed and traded in the asset exchange though. We also need an secure forum to host social contracts for the newly issued shares and assets. |
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I advised a guy to code a series of gambling sites accepted Nxt, then bundle them together, make a company and list in Nxt asset exchange. He seems not understand what I am saying. Guys being the first IPO in Nxt network and the first company listed in Nxt asset exchange would be a huge publicity.
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