[NXT] Decentralized Asset Exchange Discussion Thread

[bitcoinpaul]

Maybe change the Asset Name to Asset Identifier and the issuer cannot choose it. It's just a random string. No core change, no phishing, no squatting.

[Come-from-Beyond]

In that case I would like the Asset Name *removed altogether* as otherwise I can bet someone will create an Asset called CIYAM and rip people off with it because of the name.

I'm not sure why you are in support of letting people do such squatting and scamming - it will never go down well "in the real business world".

People need names, they name everything they work with.

[CIYAM]

People need names, they name everything they work with.

The *software* will find the name and display it. You will see this:

CIYAM 12345
CIYAM 88888

Now - user just selects the one that *matches* the account they were told (or read about in the IPO announcement) and work with that one from then on.

Got it?

[Come-from-Beyond]

People need names, they name everything they work with.

The *software* will find the name and display it. You will see this:

CIYAM 12345
CIYAM 88888

Now - user just selects the one that *matches* the account they were told and work with that one from then on.

Got it?

So we have "name" in both the cases?

[CIYAM]

So we have "name" in both the cases?

Yes - *now the user sees that there is a problem* (they would not see this problem if the only thing called CIYAM was created by a trickster).

Of course they are now going to "check which one is right" rather than just randomly pick one - don't you think?

So put simply - Asset Name is *not* unique and always display the Issuer account id next to it (in every client). I think that this reduces the incentive to even bother "trying" to confuse people and of course makes squatting impossible.

[Come-from-Beyond]

So we have "name" in both the cases?

Yes - *now the user sees that there is a problem* (they would not see this problem if the only thing called CIYAM was created by a trickster).

Of course they are now going to "check which one is right" rather than just randomly pick one - don't you think?

So put simply - Asset Name is *not* unique and always display the Issuer account id next to it (in every client). I think that this reduces the incentive to even bother "trying" to confuse people and of course makes squatting impossible.

Well, the reality is that we do have name and removing it is not worth the reward, IMHO. For 100 ppl saying that we don't need name u can find 100 ppl saying that we do need it. So, let's leave it as is.

[CIYAM]

Well, the reality is that we do have name and removing it is not worth the reward, IMHO. For 100 ppl saying that we don't need name u can find 100 ppl saying that we do need it. So, let's leave it as is.

Then can we just make it *not unique* as I don't want a trickster creating CIYAM Asset.

Clear enough?

(otherwise I am going to suggest that *you are responsible* for anyone getting scammed by this)

[Come-from-Beyond]

Well, the reality is that we do have name and removing it is not worth the reward, IMHO. For 100 ppl saying that we don't need name u can find 100 ppl saying that we do need it. So, let's leave it as is.

Then can we just make it *not unique* as I don't want a trickster creating CIYAM Asset.

Clear enough?

(otherwise I am going to suggest that *you are responsible* for anyone getting scammed by this)

I'm afraid we can't, I do not control such things. I add new features but Jean-Luc decides what to include into production. Ask him.

[CIYAM]

I'm afraid we can't, I do not control such things. I add new features but Jean-Luc decides what to include into production. Ask him.

Makes you wonder what the point of this topic is then - but okay I will just email him instead.

[bitcoinpaul]

I think having no unique names for Assets and instead relying on unique Asset IDs & #Accounts is far better than the current system.

[CIYAM]

I think having no unique names for Assets and instead relying on unique Asset IDs & #Accounts is far better than the current system.

To make it clear what I am talking about please login into testnet (http://nxtra.org/nxt-client-trustless) and take a look at the Asset called "CIYAM".

My account is 15092019138248535173 and you are able to look at my account and list my Assets you'll see that I have 50% of CIYAM Assets *but* I never created them (the "evil doer" did and sent 50% to me).

I think that would fool *most* people into thinking that I must have either created CIYAM or at least *endorse* it.

Seriously if we launch AE like this not only will NXT *crash* in price but we'll look like fucking idiots (or outright scammers).

[bitcoinpaul]

What could be a solution?

[CIYAM]

What could be a solution?

At the very minimum *no unique Asset Name* and always display with name and an id (whether asset id or issuer).

If a user sees this:

CIYAM 12345
CIYAM 88888

they are *going to think twice* before buying and selling as they will be *confused* (and so they should be).

If they only see this:

CIYAM 12345

then we have a big problem (which is what we have *right now*).

(personally I think your idea of *no names* is even better but am not going to try and battle that one)

[bitcoinpaul]

Yeah, now I think "no names" is too radical and ignores user friendliness.

[CIYAM]

Yeah, I think now "no names" is too radical and ignores user friendliness.

True although that is why I had suggested using account owned aliases for this which would allow *renames* as a side feature.

[bitcoinpaul]

What about using reputation system and showing a scoring value (of the asset and the issuer) next to the Asset?

[CIYAM]

What about using reputation system and showing a scoring value next to the Asset?

Easily cheated as well - just don't have unique Asset Names - rather simple actually.

If you only see 1 Asset Name then far more likely it is "genuine" - if you see >1 then you *know* you need to investigate more.

[bitcoinpaul]

You are probably right. And I always prefer simple over complex.

edit: Maybe some other guys have a great idea? Could post it in the main thread.

[Come-from-Beyond]

edit: Maybe some other guys have a great idea? Could post it in the main thread.

I have - can't offer a better solution, leave it as is.

[CIYAM]

I have - can't offer a better solution, leave it as is.

So you *want* to see the Asset Exchange launch crash NXT and cause us all to be labelled as scammers?

(I guess so)