Also, is it just me or do... well, ALL!!! of the assets for sale on the AE seem so risky with so little reward that its basically charity to throw NXT at them at this point??
I'm not trying to cut down NXT or the exchange. I'm just saying, man people sure have a lot of balls throwing their money at this stuff. No websites, no descriptions, no plans, no nothing. Just a couple of posts on a forum subsist as the entire background for some of these assets and voila! Thousands (millions) of NXT flying in their direction.
I almost felt compelled to pay the 1000 NXT to start my own asset, mainly for experimentation, while also realizing I could very easily trick good-hearted people into losing their money if I wanted to. I wonder what percentage of assets currently listed fall into this category. I bet its at least 50%.
People... be careful. This is all brilliant, revolutionary stuff... for which there is no recourse if you get screwed. If you get screwed on Wall Street you can at least hire an attorney to file a lawsuit for you. Good luck doing that here!
I mean this without a shred of animosity, but a lot of what's posted above is ignorance of the facts, flat out.
The people that spend 1000 NXT and create a bullshit asset have gained not one inch of traction. It simply hasn't happened.
There have been a handful of assets from respected members that simply didn't make sense or the numbers didn't add up. These people were politely but firmly called out. (edit: and I will add, these people sold nothing).
There have been a handful of fun, goofy assets that people create for levity, and people buy them to trade back and forth. Someone sent me 100 shares of LOVE on my birthday, as an example.
But assets in general, where people are throwing money around? No plans, no descriptions? This is wrong.
Nxt people don't sit in threads and post memes, or squawk 'TO DA MOON' repeatedly, or do what 99% of crypto enthusiasts do. We work. We test. We get on Skype, and build some more, test, break things, and keep coding and testing and breaking things until they work.
We work and interact with these asset issuers EVERY DAY, probably interact with them more than we do our own spouses or family. So we're throwing money at people that are developing great things that we've probably helped test along the way.
To characterize the AE as money being blindly thrown around is flat out wrong.
I almost felt compelled to pay the 1000 NXT to start my own asset, mainly for experimentation, while also realizing I could very easily trick good-hearted people into losing their money if I wanted to. I wonder what percentage of assets currently listed fall into this category. I bet its at least 50%.
How much do you want to bet? One NEM stake?
