I did say a few posts back, happy to look into it, can you supply a page where it explains exactly what the asset exchange is? and what we/they get out of the deal.
I think it is basically a nxt - anything else marketplace , this is copied from the nxt homepage :
"The Nxt Asset Exchange is a peer-peer exchange built into the software allowing decentralized trading and eliminate large trading fees. The Nxt Asset Exchange will allow trading for almost any currency and for almost any commodity.
This feature is based on the "colored coins" concept. The blockchain provides a trustworthy record of transactions and can be leveraged to provide a record of trade of items other than Nxt. An asset can represent property, stocks/bonds, commodities, or even concepts. As a result, the Nxt Asset Exchange could be used to trade almost anything."
for the coding part , which i dont understand anything about i found this :
http://wiki.nxtcrypto.org/wiki/Nxt_API#Asset_exchange_operationsanother explanation i quoted :
"A brief explanation of decentralized exchange:
Exchanges like nxt, ripple, and mastercoin work with an idea called colored coins. So with a bitcoin any one bitcoin is the same as any other bitcoin. They are what we call fungible. Colored coins are intentionally not fungible. They are intentionally distinct and different from one another. Colored coins have a value attached to them. So for example, speaking in abstractions here, a colored nxt may have the value attached to it of "Nxtsky promises to pay 1 btc to who ever sends him this token, signed nxtsky". Now that token can be traded on a market.
Lets say betty wants to trade litecoin for bitcoin. She sends litecoin to "hanks litecoin gateway" with a message attached "bettys nxt address:blablabla". Hank will issue "X hankLTCTokens" and sends them to bettys nxt address. Betty uses these to fill the highest bid for on their orderbook thus gaining nxt. Next betty uses her nxt to fill the lowest ask on the orderbook for nxtskysXCPTokens. She sends her nxtskysXCPTokens to nxtskys nxt address with a message attached "bettys xcp address:blablabla". Betty waits for the xcp to arrive.
its obvious to most at first the disadvantages of what i just described. Its very complex compared to sending your coins to cryptsy but this is the cost of decentralization and decentralization comes with its own rewards. at some point in the future you will not just be buying any old random token. You will buy the ones issued by the guy who lives down the street so you can go there and pick them up in person."
what we get out of it : nxt - bits exchange ?
what jl777 gets out of it : being able to sell his bits directly to nxt ?
if it takes a long time to do id say its better to finish later since even with this jl777 would still want coins for his work , the good thing would be that he is a very good developer and apart from delivering very good work very fast , being able to say that he is working on bits would bring many people from nxt and bitcoindark (which essentially he himself brought to its current price) would jump into bittstarcoin