What the fuck is MEAT and CAKE ?
Why is there only 2 assets in XCP ?
Anybody can create assets, there is no central authority to restrict the words you are allowed. These were likely created for testing the creation, issuance and dividend payment portions of counterparty.
As you can see from a trivial check here http://blockscan.com/asset.aspx or on the counterwallet client there are a lot more than 2 assets.
With so many assets... somebody needs to come up with something like a rating agency!
Hmmmm.... what about a distributed decentralized rating component?
Here's a very interesting proposal for just that.
https://forums.counterparty.co/index.php/topic,220.0.html
Indeed interesting that you can't really have assets in a trustless system.
The moment you allow folks to start selling assets, then the sellers and possibly all the other participants of that asset cannot be anonymous. A trust system needs to be available.
Possibly a distributed decentralized trust system is what is needed.
I have gone through some of the proposals and they are very interesting indeed. However, I personally feel that we are getting a bit ahead of ourselves at this point of time. Most of these ideas are quite elaborate and will take quite a bit of resources to successfully fund and materialize. And then say for a system that is "audit" based you will need competent staff to actually carry out a proper audit on an ongoing basis.
Instead, I feel that what we need now is perhaps something more straight forward and simple. In my mind a system like say.. Amazon's user Feedback system would suffice (for now) and would allow users to post feedback and cumulative score can be maintain. While it will be possible to "game" the system it will still suffice as a source of information for investors.. With a little bit tweaking the scores can be tied to reviewers reputation
Depending on how things pan out, I might be incorporating an asset based user rating system into Blockscan if there a need for such a system..
Cheers
