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bitcoinpaul
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March 22, 2014, 06:40:05 PM |
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It uses AM, not AE.
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Eadeqa
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March 22, 2014, 06:40:10 PM |
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I really strongly think this is not right.
People are going to have to do research anyway before they buy and once they do it will be totally obvious which one is the legit one, it will be the one that they already own some of. alternatively inorder for them to feel safe buying with out doing research the asset will have to be well established. In this scenario the barrier to entry cost would actually be relatively insignificant compared to the costs associated with artificially generating that credibility through having huge amounts of fees payed to miners through the buying and selling of your asset.
im really quite certain that, considering the recent change to the conditions, the benefits gained from having a vibrant ecosystem of tokens would outweigh the cost of potential scammers, especially since people will need to take basic precautions against scammers anyway no matter what the issue fee.
This makes sense. Let's think how we'll come to a consensus. Dude, this is pretty simple. You were working on "digital good" ("porn store"). If one video (that costs $5 on clips4sale) costs $40, the seller needs to sell 8 of them to just make it even This is not going to work. Trust me. No one is opening a digital "good" store if it costs that much to add a new clip Asset exchange is not for digital goods. It is for parts of a company. In fact, cfb is working on a digital goods store as we speak. I thought it would use the same infrastructure. So it's totally new code that will become part of NRS? Yes. What about non-digital goods? Lets say I want to sell a USB drive that's worth $10? |
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wesleyh
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March 22, 2014, 06:40:50 PM |
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I really strongly think this is not right.
People are going to have to do research anyway before they buy and once they do it will be totally obvious which one is the legit one, it will be the one that they already own some of. alternatively inorder for them to feel safe buying with out doing research the asset will have to be well established. In this scenario the barrier to entry cost would actually be relatively insignificant compared to the costs associated with artificially generating that credibility through having huge amounts of fees payed to miners through the buying and selling of your asset.
im really quite certain that, considering the recent change to the conditions, the benefits gained from having a vibrant ecosystem of tokens would outweigh the cost of potential scammers, especially since people will need to take basic precautions against scammers anyway no matter what the issue fee.
This makes sense. Let's think how we'll come to a consensus. Dude, this is pretty simple. You were working on "digital good" ("porn store"). If one video (that costs $5 on clips4sale) costs $40, the seller needs to sell 8 of them to just make it even This is not going to work. Trust me. No one is opening a digital "good" store if it costs that much to add a new clip Asset exchange is not for digital goods. It is for parts of a company. In fact, cfb is working on a digital goods store as we speak. I thought it would use the same infrastructure. So it's totally new code that will become part of NRS? Yes. What about non-digital goods? Lets say I want to sell a USB drive that's worth $10? Neither is fit for your needs. (Due to trust issues etc) |
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BitcoinForumator
Legendary
Activity: 1120
Merit: 1000
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March 22, 2014, 06:41:45 PM |
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think of the poor little girl who wants to incorporate her lemonade stand. she literally has 1 dollar worth of assets. or the poor african who wants to buy a shovel and doesn't even have enough to do that. sure if the advantages are great enough than im willing to say screw um. but it just isnt anymore, the advantages are VERY minor at this point.
I wasn't able to read the end of ur post coz of tears in my eyes. I'm working on market-set fees code.  |
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Anon136
Legendary
Activity: 1722
Merit: 1217
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March 22, 2014, 06:42:36 PM |
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I really strongly think this is not right.
People are going to have to do research anyway before they buy and once they do it will be totally obvious which one is the legit one, it will be the one that they already own some of. alternatively inorder for them to feel safe buying with out doing research the asset will have to be well established. In this scenario the barrier to entry cost would actually be relatively insignificant compared to the costs associated with artificially generating that credibility through having huge amounts of fees payed to miners through the buying and selling of your asset.
im really quite certain that, considering the recent change to the conditions, the benefits gained from having a vibrant ecosystem of tokens would outweigh the cost of potential scammers, especially since people will need to take basic precautions against scammers anyway no matter what the issue fee.
This makes sense. Let's think how we'll come to a consensus. Dude, this is pretty simple. You were working on "digital goods" ("porn store"). If one video (that costs $5 on clips4sale) costs $40 to issue as an asset, the seller needs to sell 8 copies to just make it even This is not going to work. No one is opening a digital "good" store if it costs that much. you are confusing the asset exchange and the marketplace. they are different concepts entirely. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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alxx77
Member
Activity: 95
Merit: 10
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March 22, 2014, 06:43:30 PM |
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I've been thinking about it more and im starting better understand your position ciyam.
Yes - now you are seeing it - we have *real* competition who are courting "big business".If we want to "thumb our noses" then we will "pay the penalty" of doing that. It's up to the community how it "wants to be perceived". +1000 |
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Anon136
Legendary
Activity: 1722
Merit: 1217
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March 22, 2014, 06:45:32 PM |
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I really strongly think this is not right.
People are going to have to do research anyway before they buy and once they do it will be totally obvious which one is the legit one, it will be the one that they already own some of. alternatively inorder for them to feel safe buying with out doing research the asset will have to be well established. In this scenario the barrier to entry cost would actually be relatively insignificant compared to the costs associated with artificially generating that credibility through having huge amounts of fees payed to miners through the buying and selling of your asset.
im really quite certain that, considering the recent change to the conditions, the benefits gained from having a vibrant ecosystem of tokens would outweigh the cost of potential scammers, especially since people will need to take basic precautions against scammers anyway no matter what the issue fee.
This makes sense. Let's think how we'll come to a consensus. Dude, this is pretty simple. You were working on "digital good" ("porn store"). If one video (that costs $5 on clips4sale) costs $40, the seller needs to sell 8 of them to just make it even This is not going to work. Trust me. No one is opening a digital "good" store if it costs that much to add a new clip Asset exchange is not for digital goods. It is for parts of a company. In fact, cfb is working on a digital goods store as we speak. I thought it would use the same infrastructure. So it's totally new code that will become part of NRS? Yes. What about non-digital goods? Lets say I want to sell a USB drive that's worth $10? Neither is fit for your needs. (Due to trust issues etc) we just need to figure that bit out. we need our marketplace to fill the niche left open by bitmit imo. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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Eadeqa
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March 22, 2014, 06:46:50 PM |
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I really strongly think this is not right.
People are going to have to do research anyway before they buy and once they do it will be totally obvious which one is the legit one, it will be the one that they already own some of. alternatively inorder for them to feel safe buying with out doing research the asset will have to be well established. In this scenario the barrier to entry cost would actually be relatively insignificant compared to the costs associated with artificially generating that credibility through having huge amounts of fees payed to miners through the buying and selling of your asset.
im really quite certain that, considering the recent change to the conditions, the benefits gained from having a vibrant ecosystem of tokens would outweigh the cost of potential scammers, especially since people will need to take basic precautions against scammers anyway no matter what the issue fee.
This makes sense. Let's think how we'll come to a consensus. Dude, this is pretty simple. You were working on "digital good" ("porn store"). If one video (that costs $5 on clips4sale) costs $40, the seller needs to sell 8 of them to just make it even This is not going to work. Trust me. No one is opening a digital "good" store if it costs that much to add a new clip Asset exchange is not for digital goods. It is for parts of a company. In fact, cfb is working on a digital goods store as we speak. I thought it would use the same infrastructure. So it's totally new code that will become part of NRS? Yes. What about non-digital goods? Lets say I want to sell a USB drive that's worth $10? Neither is fit for your needs. (Due to trust issues etc) What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed). Give me a solution to use either asset or digital goods infrastructure to do so. |
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TwinWinNerD
Legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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March 22, 2014, 06:49:39 PM |
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What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).
Give me a solution to use either asset or digital goods infrastructure to do so.
There is no solution so far... |
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Anon136
Legendary
Activity: 1722
Merit: 1217
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March 22, 2014, 06:51:35 PM |
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I really strongly think this is not right.
People are going to have to do research anyway before they buy and once they do it will be totally obvious which one is the legit one, it will be the one that they already own some of. alternatively inorder for them to feel safe buying with out doing research the asset will have to be well established. In this scenario the barrier to entry cost would actually be relatively insignificant compared to the costs associated with artificially generating that credibility through having huge amounts of fees payed to miners through the buying and selling of your asset.
im really quite certain that, considering the recent change to the conditions, the benefits gained from having a vibrant ecosystem of tokens would outweigh the cost of potential scammers, especially since people will need to take basic precautions against scammers anyway no matter what the issue fee.
This makes sense. Let's think how we'll come to a consensus. Dude, this is pretty simple. You were working on "digital good" ("porn store"). If one video (that costs $5 on clips4sale) costs $40, the seller needs to sell 8 of them to just make it even This is not going to work. Trust me. No one is opening a digital "good" store if it costs that much to add a new clip Asset exchange is not for digital goods. It is for parts of a company. In fact, cfb is working on a digital goods store as we speak. I thought it would use the same infrastructure. So it's totally new code that will become part of NRS? Yes. What about non-digital goods? Lets say I want to sell a USB drive that's worth $10? Neither is fit for your needs. (Due to trust issues etc) What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed). Give me a solution to use either asset or digital goods infrastructure to do so. Pot seller posts pot listing on marketplace signed by the key to his OTC_WebOfTrust account. In listing is a link to OTC_WebOfTrust. You check his authenticity first, then his trust rating and send the nxt with a message containing your home address attached to the transaction encrypted with the public key he used for his WOT ID. Done. |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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bitcoinpaul
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March 22, 2014, 06:53:40 PM |
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I think the digital good store could be the place to go. Let's wait how it will 'look' like.
CfB - ETA?
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Anon136
Legendary
Activity: 1722
Merit: 1217
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March 22, 2014, 06:55:01 PM |
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I think the digital good store could be the place to go. Let's wait how it will look like.
CfB - ETA?
im confused why its a digital goods store and not just a goods store |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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Eadeqa
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March 22, 2014, 06:56:58 PM |
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What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).
Give me a solution to use either asset or digital goods infrastructure to do so.
There is no solution so far... Ok, then I misunderstood "asset" exchange and I take everything back I said about it. You can have unique names all you want. It's crap and I doubt it's worth that much pages of discussion. It's not going to do anything for nxt. It basically will encourage ponzi schemes. I issue an "asset" and tell you to buy it and sell it to next person for higher price. The next person buys it and sells it to next person even higher. This is worth nothing unless I can trade it for something real. Every "asset" is just another "crapcopin" on nxt blockchain. Too many pages of discussion on something that will never pickup. Lets move on to a different topic. |
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Anon136
Legendary
Activity: 1722
Merit: 1217
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March 22, 2014, 06:59:28 PM |
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What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).
Give me a solution to use either asset or digital goods infrastructure to do so.
There is no solution so far... Ok, then I misunderstood "asset" exchange and I take everything back I said about it. You can have unique names all you want. It's crap and I doubt it's worth that much pages of discussion. It's not going to do anything for nxt. It basically will encourage ponzi schemes. I issue an "asset" and tell you to buy it and sell it to next person for higher price. The next person buys it and sells it to next person even higher. This is worth nothing unless I can trade it for something real. Too many pages of discussion on something that will never pickup (not in the next 2 or 3 years) congratulations on "not getting it". if all those pages of discussion weren't enough than only time will be able to sort this one out. some day you will "get it" you will just have to see the applications with your own eyes. (granted there will probably be 100 scams for every 1 legitimate use but thats neither here nor there, the 1% that are legit are going to change the world) |
Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited? |
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gs02xzz
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March 22, 2014, 06:59:43 PM |
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Thank you very much for the bounty. The last time I came up with those two flaws (i think I came up with them here in the thread) I got laughed at and so I forgot about it. Now I, just for the sake of it, posted them in the bounty thread and one of them was the 100,000 NXT hit Thank you very much for the fast payout. Now that I own this many NXT (which I will of course hold) I would like to contribute my part to the project. I have still doubts about the account mining issue ;-) I have made a small reference implementation (which I would never make public except give it to the devs) which is capable of doing 10 Megahashes (or Megaaccounts) per second on a simple CPU. At some point in the future, this might be an issue. Congrats, Evil-Knievel! |
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bitcoinpaul
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March 22, 2014, 07:00:42 PM |
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Too many pages of discussion on something that will never pickup.
lol  |
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TwinWinNerD
Legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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March 22, 2014, 07:04:24 PM |
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I think the digital good store could be the place to go. Let's wait how it will look like.
CfB - ETA?
im confused why its a digital goods store and not just a goods store Actually it is quite clever, they want to make it that you pay and it immediately releases the digital good to you. For example someone wants 5 NXT for a picture of beyonce getting cumed on from behind. Then you pay and immediately the network releases this picture to you. (don't know how yet) it is trustless! |
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Eadeqa
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March 22, 2014, 07:04:48 PM |
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What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).
Give me a solution to use either asset or digital goods infrastructure to do so.
There is no solution so far... Ok, then I misunderstood "asset" exchange and I take everything back I said about it. You can have unique names all you want. It's crap and I doubt it's worth that much pages of discussion. It's not going to do anything for nxt. It basically will encourage ponzi schemes. I issue an "asset" and tell you to buy it and sell it to next person for higher price. The next person buys it and sells it to next person even higher. This is worth nothing unless I can trade it for something real. Too many pages of discussion on something that will never pickup (not in the next 2 or 3 years) congratulations on "not getting it". if all those pages of discussion weren't enough than only time will be able to sort this one out. some day you will "get it" you will just have to see the applications with your own eyes. (granted there will probably be 100 scams for every 1 legitimate use but thats neither here nor there, the 1% that are legit are going to change the world) I don't believe any "legitimate" company is going to issue a "virtual" asset anytime soon on nxt (if it al). It's really worth nothing if I can't trade it for something real. Why would I buy any asset next month when it's live on real blockchain? What exactly can I do with it? |
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TwinWinNerD
Legendary
Activity: 1680
Merit: 1001
CEO Bitpanda.com
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March 22, 2014, 07:05:51 PM |
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What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).
Give me a solution to use either asset or digital goods infrastructure to do so.
There is no solution so far... Ok, then I misunderstood "asset" exchange and I take everything back I said about it. You can have unique names all you want. It's crap and I doubt it's worth that much pages of discussion. It's not going to do anything for nxt. It basically will encourage ponzi schemes. I issue an "asset" and tell you to buy it and sell it to next person for higher price. The next person buys it and sells it to next person even higher. This is worth nothing unless I can trade it for something real. Too many pages of discussion on something that will never pickup (not in the next 2 or 3 years) congratulations on "not getting it". if all those pages of discussion weren't enough than only time will be able to sort this one out. some day you will "get it" you will just have to see the applications with your own eyes. (granted there will probably be 100 scams for every 1 legitimate use but thats neither here nor there, the 1% that are legit are going to change the world) I don't believe any "legitimate" company is going to issue a "virtual" asset anytime soon on nxt (if it al). It's really worth nothing if I can't trade it for something real. Why would I buy any asset next month when it's live on real blockchain? every gambling company in the world? the mobile application company nxt? a fiat gateway? a cryptocoin gateway? |
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