The asset gained NAV again. Now at 5.6 NAV and more assets for free to come. Amazing, you can literally buy the inventary at a 15-17% discount and still have the value from the free future assets!
are there assets being added to jl777hodl in the near future?
This is exactly the right question, and we need a better answer for it. Because we, in the West, have been buying into and trading derivatives for a decade now, we (with short memories) forget that a financial product must be tied to something. So mcjavar is asking what this product is tied to. The tie is not just what is supposedly put into the basket of goods that bear the name of the asset, but what one can get in return for the asset. If the asset is simply pegged to a NXT-value of assets that themselves have value, then there is no redemption, but only a peg. There is only the expectation that this asset can be sold to someone else who believes that the asset has a value, and that that value derives from the peg.
So what's the better answer to mcjavar's question? The better answer must include a reference to the redemption value of the asset, and not simply the supposed input value of the asset from the supplier's side.
you can get bitcoin, which you can use to pay for things. if you can't use bitcoin, then you can use convert to fiat and pay for things then.
what other redemption value would it have besides nxt -> bitcoin -> fiat?
it's not like the silver asset which can be redeemed for silver bars. jlhodl777 is mainly redeemed by NXT, unless you find someone accepting the asset to pay for goods. not likely at this point in time
if i'm totally off the mark, could you give an example of an asset with a redeemable value, besides precious metals?
