NXT :: descendant of Bitcoin - Updated Information

[TwinWinNerD]

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...

[Anon136]

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.

[bitcoinpaul]

I think the digital good store could be the place to go. Let's wait how it will 'look' like.

CfB - ETA?

[Anon136]

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

[bitcoinpaul]

Ask CfB

[Eadeqa]

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.

[Anon136]

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)

[gs02xzz]

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!

[bitcoinpaul]

Too many pages of discussion on something that will never pickup.

lol

[TwinWinNerD]

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!

[Eadeqa]

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?

[TwinWinNerD]

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?

[alxx77]

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.

A perfect example where AE can shine are IPO-s...

[Anon136]

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 fucked from behind.
Then you pay and immediately the network releases this picture to you. (don't know how yet)

it is trustless!

thats super awesome!

so then that means i do in fact want to start my own project. i want to build a bitmit type service on top of the nxt blockchain. would anyone be interested in this? i would probably be willing to pay up to 100,000 nxt to get it done right the way i want it though im not sure if i would need to pay that much. ill have to do some more research. we need a new bitmit and bitmit_2.0 may as well be built onto of a blockchain that way we dont ever have to worry about it going away like the last one.

this could in theory be the nxt killer app to send us to the moon.

[Eadeqa]

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?

Ok, so I bought an asset issued on nxt blockchain by a gambling company. What cam I do with it?

[TwinWinNerD]

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 fucked from behind.
Then you pay and immediately the network releases this picture to you. (don't know how yet)

it is trustless!

thats super awesome!

so then that means i do in fact want to start my own project. i want to build a bitmit type service on top of the nxt blockchain. would anyone be interested in this? i would probably be willing to pay up to 100,000 nxt to get it done right the way i want it though im not sure if i would need to pay that much. ill have to do some more research. we need a new bitmit and bitmit_2.0 may as well be built onto of a blockchain that way we dont ever have to worry about it going anywhere like the last one.

this would be awesome, maybe this can be very meta. Bitmit runs as a DAC and their shares are listed on the exchange :O

[bitcoinpaul]

Why would I buy any asset next month when it's live on real blockchain? What exactly can I do with it?

Where were you the last weeks?

[TwinWinNerD]

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?

So I bought an asset issued on nxt blockchain by a gambling company. What cam I do with it?

You get dividends and if the company gets evaluated higher you participate in price gains

have you ever heard of the stock/commodity market?

[joefox]

Is there a reason we can't just have transaction fees market-driven? Let the forgers decide what fee is acceptable. Why impose "price controls?"

I'm adding it right now.

This makes me happy. It would be awesome for fee determination to be algorithmic somehow!

[Anon136]

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?

well i personally know that's wrong because im legit and i plan to issue legitimate assets on the nxt blockchain.