Topic: [NXT] Decentralized Asset Exchange Discussion Thread - page 13. (Read 31325 times)

Good job.

GOOD!
GREAT WORK.
UP
 

Cross-posting from the main thread:


I wrote that only in half-jest. What does everyone think about such a grouping mechanism? Would it be practical? e.g. could it be used as proof of pizza purchase? With such tokens on hand, send them to someone as a /r/randomactsofpizza, or trade it for a real one for yourself whenever you like? What about for other items?

EDIT: Here's how *not* to give pizza: http://www.newsweek.com/chevron-gives-residents-near-fracking-explosion-free-pizza-229491

is the test acc balance be reset? my test acc balance is empty.

or somebody can send me test moeny again?

test acc is 5413092517041829505,thanks

*trust* should/will be a variable of worth in AE. If not automatic, it will be the invisible hand of the market at work

if I buy a diamond online from Tiffanys.com, I pay more, but it comes in a blue box, UPS delivers it next day, my wife squeals, and i'm on their mailing list forever because we *trust* them

if i buy a diamond online from www.realstonez.ru It might seem cheap, but will it even arrive? is it real? did they steal all my CC info too?

If i buy silver from AnonInc, I'm more inclined to trust it, and assume it will arrive, then I will give feedback of some sort, automated I'm sure, and his *trust* rating goes up, which then would raise his VALUE

These are actually *separate* things - you would need to create a "trust network" on *top* of the AE rather than *within in* as you wouldn't want any AE owner to be able to *manipulate* that "trust network".

And what was the idea with trust and reputation within the nxt AE?

ill just explain it to you right now. 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 netsky". 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.

非常好。　very good.

Still waiting for testing! "Holiday Clear Storage Box" also not working!!

Thanks, as a newbie, I don't completely understand how AE works. Is there any paper used to explain the AE works in detail? The NXT wiki is to simply too describe AE system.

because BobsXCPTokens are a different thing from NxtskysXCPTokens. Just issue them like this NxtskysXCP.

I don't get it. As "xcp" for example, Some one has issued "xcp" already. And I have some "xcp" and want to sell it. I can't sell it if I didn't  issue it, unless I use another name. Why? I mean all the same thing should be under the same name.

I would like to do a test drive.

2981556126818490940

Thanks

https://bitcointalksearch.org/topic/m.5054385

asset exchange > issue asset

how did you even make random bux???

also can you put a link for that nice graphical interface wallet in here?