NXT :: descendant of Bitcoin - Updated Information

[CIYAM]

so we are returning to the:

What you are doing is now "trolling" to make this go in yet another circle.

That really isn't helpful at all.

[Sebastien256]

promote with asset id. The only unique thing that need to be unique.

So as I said (let's try it again) - have a link to your HTTPS website (so say https://microsoft.com/nxt).

On the page is the "asset id" which you can click on to put on the clipboard.

Now you go to the Asset Exchange and "paste" in that asset id - "viola" the asset named Microsoft shows up and you keep that one.

So you see - it doesn't matter *how many* Microsoft listings there are - and the user has been "forced to do the right thing" from the very start.

+10000 , thank you, I have difficuly expressing this. That is how it should work!
Case Solve!

[abctc]

promote with asset id,especially in the beggining. The only unique thing that need to be unique.

- so we are returning to the:

Well, there is more to consider. Humans and machines need to uniquely identify an asset.
For machines, a cryptic number is okay. They simply do not care.
For humans, that numbers are not. They need readable and catchy names.

[BrianNowhere]

On the asset name controversy, am I being dense? Wouldn't an asset from a given entity always be issued from a Unique Nxt address, therefore making it very easy to tell who is issuing that asset?

It seems like an easy matter to set up the AE to only show assets from Nxt Addresses you have indicated you trust and to only purchase assets from them and also to clearly be able to show who is issuing that asset.

If Microsoft owns Nxt address 3498343485498 then you should be able to make sure that any time you are buying MSFT that you
are only buying it from Nxt address 3498343485498

I'm not getting why this is such a controversy.

+1
Yes that is the point. There is no need to make the asset name or suffix unique. That will only encourage scammer.

It seems to me that it would be best to have the AE be empty the first time you go into it, with a button there that says "add trusted issuer"
where you could add a Nxt address and give it a name (you could name it whatever you want) and then ONLY after you did that would that issuers assets show up in the AE.  It would clean up the interface and get rid of looking at asset prices that you have no interest in. Elsewhere you could "browse or search all assets" if you wanted to see what's out there and consider adding them to your trust pool.

Then Microsoft (or whoever) could market themselves in Nxt by having one line blurb on their website that says "Add Microsoft to Nxt by trusting 723549872359875"

[CIYAM]

Then Microsoft (or whoever) could market themselves in Nxt by having one line blurb on their website that says "Add Microsoft to Nxt by trusting 723549872359875"

Exactly - also as I stated their website can make it very easy for you to put the "scary number" onto your clipboard.

[Anon136]

They need to say: go and buy asset "Microsoft" with the bigest volume ?

They could simply create something on their (HTTPS) web page which "puts the mystical number" on to your clipboard (just like a Bitcoin address).
You then "paste" in that number and: "viola" the *right* Microsoft is now selected!

- so we are returning to the:

Well, there is more to consider. Humans and machines need to uniquely identify an asset.
For machines, a cryptic number is okay. They simply do not care.
For humans, that numbers are not. They need readable and catchy names.

no because this will only need to be done during the bootstrapping phase of the asset. once it gets established people will just be able to search microsofit in their client and hit buy. this really is a much better solution than "unique-names" (a bad description since we have unique names with both proposals)

[Sebastien256]

promote with asset id,especially in the beggining. The only unique thing that need to be unique.

- so we are returning to the:

Well, there is more to consider. Humans and machines need to uniquely identify an asset.
For machines, a cryptic number is okay. They simply do not care.
For humans, that numbers are not. They need readable and catchy names.

this do not help to post this post below our answer in this thread.

[abctc]

so we are returning to the:

What you are doing is now "trolling" to make this go in yet another circle.

That really isn't helpful at all.

- no, non-unique names is a trolling thing, that make as go in yet another circle - as perfectly shown by wesleyh.  Bravo, wesleyh!

[CIYAM]

this really is a much better solution than "unique-names" (a bad description since we have unique names with both proposals)

Yes - with this approach you will end up seeing the name Microsoft rather than Microsoft2014 or whatever.

[CIYAM]

no, non-unique names is a trolling thing, that make as go in yet another circle - as perfectly shown by wesleyh.  Bravo, wesleyh!

I only have 1 forum member on ignore - I think that might be about to increase to 2.

[Anon136]

this really is a much better solution than "unique-names" (a bad description since we have unique names with both proposals)

Yes - with this approach you will end up seeing the name Microsoft rather than Microsoft2014 or whatever.

Yep. and with something SUPER well established (like anything like microsoft shares would quickly become) than the client can literally just filter everything else out so that you dont even see it unless you go into your options menu and uncheck some option.

So frustrating that some of these other guys cant see what an elegant solution this is to an age old problem.

[CIYAM]

So frustrating that some of these other guys cant see what an elegant solution this is to an age old problem.

Indeed - also practically speaking the "list of Assets" will end up being huge (so you are not likely to be searching for an Asset by scrolling through a list).

[BrianNowhere]

Then Microsoft (or whoever) could market themselves in Nxt by having one line blurb on their website that says "Add Microsoft to Nxt by trusting 723549872359875"

Exactly - also as I stated their website can make it very easy for you to put the "scary number" onto your clipboard.

The could probably also make this a clickable link that opens the "add trusted issuer" page in Nxt with the fields already filled out if it's programed to receive GET variables.

[Sebastien256]

So frustrating that some of these other guys cant see what an elegant solution this is to an age old problem.

Indeed - also practically speaking the "list of Assets" will end up being huge (so you are not likely to be searching for an Asset by scrolling through a list).

To find specific assset, people will search in AE for unique asset id that was given on a genuine website. No need for unique prefix or suffix name imo in AE. That is a simple solution.

[Anon136]

So frustrating that some of these other guys cant see what an elegant solution this is to an age old problem.

Indeed - also practically speaking the "list of Assets" will end up being huge (so you are not likely to be searching for an Asset by scrolling through a list).

Its funny this argument along the lines of "what is joe sixpack going to do when he wants to buy microsoft stock, how is it going to be so easy for him that he doesnt even have to reference a simple website". Like there is some sort of built in assumption that people are supposed to be able to buy an asset with out doing ANY research on it first.

[CIYAM]

Its funny this argument along the lines of "what is joe sixpack going to do when he wants to buy microsoft stock". Like there is some sort of built in assumption that people are supposed to be able to buy an asset with out doing ANY research on it first.

Exactly - I have been doing stocks since before you could do that electronically (so literally calling up brokers and filling out forms and keeping "certificates").

Now it is too much to ask someone to go to an official website and put something on the clipboard (reminds me of a film where everyone in the future had an IQ <80 or so)?

[Sebastien256]

Its funny this argument along the lines of "what is joe sixpack going to do when he wants to buy microsoft stock, how is it going to be so easy for him that he doesnt even have to reference a simple website". Like there is some sort of built in assumption that people are supposed to be able to buy an asset with out doing ANY research on it first.

haha, nicely said, yeah, If I would buy something of value like stock, I would do my research.

[brooklynbtc]

So frustrating that some of these other guys cant see what an elegant solution this is to an age old problem.

Indeed - also practically speaking the "list of Assets" will end up being huge (so you are not likely to be searching for an Asset by scrolling through a list).

To find specific assset, people will search in AE for unique asset id that was given on a genuine website. No need for unique prefix or suffix name imo in AE. That is a simple solution.

agree, Outside, off chain data will exist, and will be very important. how else will you know reports, prospectus, and all the things that will help you make a decision towards buying.

people don't just walk into the NASDAQ and say "here's $5000, gimme some LBC, oops was it BCL?"

the AE is for INVESTMENTS that we decide to invest in. Interesting word. Invest. Investigate.

And once we have done DD and know what we want to buy, we go to the AE and see MSFT and buy it. I imagine the AT for MSFT will be set up by the issuer? and will handle ALL the MSFT trades EVER? with 0%?
If I want to resell the MSFT i purchased, I will send it back to Microsoft and get whatever I asked, from ANOTHER user, not from the issuer.

Right?

[CIYAM]

I imagine the AT for MSFT will be set up by the issuer? and will handle ALL the MSFT trades EVER? with 0%?

Now that is a far more interesting question - and yes I have been giving it some thought. If we are wanting to be able to really create a DAC then we are going to have to consider about exactly how we should treat its Assets.

The issue gets more complicated if you consider that there might be "rules" (such as for buy-backs) that means that an AT may have to "restrict" trade quantities. There could even be a requirement for "votes" by other shareholders.

[brooklynbtc]

I imagine the AT for MSFT will be set up by the issuer? and will handle ALL the MSFT trades EVER? with 0%?

Now that is a far more interesting question - and yes I have been giving it some thought. If we are wanting to be able to really create a DAC then we are going to have to consider about exactly how we should treat its Assets.

The issue gets more complicated if you consider that there might be "rules" (such as for buy-backs) that means that an AT may have to "restrict" trade quantities. There could even be a requirement for "votes" by other shareholders.

If the AT was *set it and forget it*, then the issuer could not affect the transactions in any way (ie put weight on their own)