[NXT] Decentralized Asset Exchange Discussion Thread

[ShroomsKit_Disgrace]

i just try to remind people that the lack of "fairness" in the distribution is what payed for nxt development. a more "fair" coin would never have come into existence because it would have never raised the funds necessary to finance its development. all of these other people who just copy that hard work of the nxt developers and claim that their coin is more "fair" isn't fair at all because all of those people who payed for the tech to be developed that they are using are being ripped off (in an abstract way). im sorry but i just wont get into a nxt clone that doesnt actually innovate and only claims to be more "fair" because ripping off all the people who payed for that software to be developed isnt fair at all.

Very valid point you state here. Never thought about "the distribution issue" from this point of view. 

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[PredatorZ]

I heard of Nxt just a few weeks ago, so I missed the very cheap ones. I´m very excited about the news and that could give thme a big kick I think.

[achimsmile]

I heard of Nxt just a few weeks ago, so I missed the very cheap ones. I´m very excited about the news and that could give thme a big kick I think.

With all due respect, I think they are still pretty cheap... 1,9 US cents per coin is very low, and will eventually rise once Asset Exchange picks up speed imo.

[Daedelus]

If anyone wants testNxt to have a go on the testNet before the official release, you can PM me but there are also quicker options, listed below with the fastest first:

1) Post you account number in the textNXT request thread here: https://nxtforum.org/testnet/some-testnxt-to-test-asset-exchange/new/#new

2) Post your account number here and ask someone to cross post it onto the thread above.

3) PM me you account number and I will request it when I check in (once or twice a day)


Very important point! DO NOT reuse passwords from Nxt on the testNet and in any Nxt clones for that matter.  You make yourself vulnerable to a Clone Attack. Anything that uses the same transaction format as Nxt (including testNet and all lazy clones) can make your Nxt vulnerable to theft. You protect yourself by using a different passphrase for every Nxt, testNet and Nxt Clone account you use.

For more details on how this very simple attack works, see the entry "Clone Attack" in the Nxt Glossary >>>> http://wiki.nxtcrypto.org/wiki/Glossary

[Daedelus]

Sorry, I confused you there. James isn't involved with what I quoted, he won't know about it but may be able to answer none the less. The OP for that can be found here: https://bitcointa.lk/threads/ethereum-maidsafe-nxt-anything-else-worth-investing-in-in-2014.303978/page-2

It is one billion per asset, a person can issue as many assets as they like. Once the number is issued, it can't be chaneged for that asset. You can also read the Asset Exchange subforum here for a lot of background: https://nxtforum.org/asset-exchange/

Finally, you can also try the asset exchange yourself to work out the mechanics of it here on the testnet: http://nxtra.org/nxt-client/.
PM me your account number and I'll arrange for testNXT to be sent to your account.

Ok. Will definitely give this a shot when I have time. Yea that's probably easier than asking so many questions.

It will answer a lot of your questions on asset exchange (asset issuance for a stock, for example) but not so much on the multisig (asset trading) as it is not part of the testNet. But understanding what is and isn't possible in how an asset is issued is a foundation for understanding the multisig side, as multisig creates assets of whatever you tranfer in.

[PredatorZ]

I heard of Nxt just a few weeks ago, so I missed the very cheap ones. I´m very excited about the news and that could give thme a big kick I think.

With all due respect, I think they are still pretty cheap... 1,9 US cents per coin is very low, and will eventually rise once Asset Exchange picks up speed imo.

I hope so.

[Daedelus]

Anyone looking at this thread might want to look at the Nxt Official Thread, here on BTT. It tells you what features will be live next (in addition to Asset Exchange) and when they are being launched. It is the front page of Nxt and is self moderated to be a nice clean place for anyone to find out more about Nxt and ask questions, trolls will have to use this thread or any of the other dozen or so unmoderated Nxt threads    

The next feature to be added to the list is Digital Goods Store. It is a decentralised exchange of anything digital, built on Asset Exchange and the Nxt Blockchain.

You can find the Nxt Official thread here: https://bitcointalk.org/index.php?topic=587007.0

[Dxuz]

can I have some NXT here 18242316890267726200 ?

[ShroomsKit_Disgrace]

can I have some NXT here 18242316890267726200 ?

1M NXT on your way!!! 
 
On the other hand:


GO AE GO!! 

It is live!!!!!

[Daedelus]

AE is alive!!!

Reports says scammers are already targeting dotsforbits and vircurex, AE is under siege  As expected 

Education is the only defence, spread the word to keep people safe:

Rule 1) Don't buy anything on AE without checking with the source of the Asset issuer.
Rule 2) DON'T buy anything on AE without checking with the source of the Asset issuer.
Rule 3) Get the asset ticker and Nxt Account number of the asset issue from the source and use these to find legitimate Assets.
Rule 4) If it is too good to be true, it probably is 
Rule 5) If in doubt, post on nxtforum.org for more information.

Chances are people are going to get caught out. It can't be prevented, only minimised

[godt]

AE works great

[manrus]

AE works great

+1440

[Ezravdb]

Same here!! NXT Asset Exchange for the win!

[Sitting Bull]

I've the last official mac wallet version, but I can't begin to forge because the blockchain is not able of download the last parts. What can I do?

[Ezravdb]

I've the last official mac wallet version, but I can't begin to forge because the blockchain is not able of download the last parts. What can I do?

Wait longer

restart wallet

restart mac and start wallet

[Daedelus]

I've the last official mac wallet version, but I can't begin to forge because the blockchain is not able of download the last parts. What can I do?

The MAC wallet has been updated, makes sure you are running the latest version from here: http://nxtra.org/nxt-wallet/

[Dxuz]

can I have some NXT here 18242316890267726200 ?

1M NXT on your way!!! 
 
On the other hand:


GO AE GO!! 

It is live!!!!!

didn't receive it yet   
did I give the wrong ID? 

[Daedelus]

Sorry but I think he was joking, 1M Nxt is the equivalent of $30,000

Unless you are joking too? 

[Labteck]

I have a question:
It's possible to sell diferent kind of assets in the same asset? ie:phones,clocks,etc--

how to do that?

[ShroomsKit_Disgrace]

didn't receive it yet   
did I give the wrong ID? 

I was just kidding mate, I haven't got 1M NXT, sorry....

Anyway, you can get some free NXT here:

NXTRA FAUCET:

http://nxtra.org/faucet/

And here:

http://freenxt.org?ref=326


You are welcome!