Topic: [NXT] Decentralized Asset Exchange Discussion Thread - page 18. (Read 31325 times)

In terms of..? Where to check? What to check?
Does a user really have to check the system time (if I am right) before issueing an asset? For me, this is a bug. am I wrong?

Incorrect time?

I´ve created a new asset without error message, but it still doesn´t show up in the list (Asset name: HODL)
Any ideas?

20k sent, spread the testLove.

Just to be certain, I did not mean "yes" in my post "Does this sound stupid?"  >_<

Its a decent idea, but there is an issue in who controls the asset accounts.  Unless I'm missing something, the only way we can send from the "permanent account" is if the account is controlled by a trusted escrow.  It's doable, but makes it less decentralized.

What might be interesting is to implement escrow right into the asset exchange, so that anyone can have a rated escrow account as well.  For example:

1. Jon wants to sell "asset" for Sue for 100NXT but has little or no rating.
2. Jon push "sell", and sends the asset to a linked and highly rated escrow account
3. Sue pushes "buy", 100 NXT goes to the linked and highly rated escrows account
4. If both things arrived to account then this account sends the 100 NXT to Joe and asset to Sue.
5. Upon successful transaction, the escrow, Jon and Sue all +1 each other for a good trade, thus developing rep for Jon, Sue, and the escrow.

Just an idea, still hard to implement the real world commodity part of the escrow, and maybe that would complicate it too much, but just an idea.  Still, I think ratings of some sort could establish trust.  As far as commodities go though, I think a system to easily implement dividends may prove useful, but I wonder the legal implications of such a thing.  But a full peer-to-peer trading platform would be excellent.


Edit: pardon me, I've derailed the thread to suggestions ... back to asset exchange testing.

So, to all the brainiacs and big idea people out there --

How can aliases work in tandem with AE?

Let's say you've reserved a desirable alias 'foo'.

You issue 'foo' asset on AE.

Now what?

18011833952203456566

can I have some? thx

Any plan to add some of the core functionality of crowd funding? Ill give an example of what i mean.
...

Crowdfunding solves this by having a central authority collect promises to pay and refrains from charge anyone anything UNLESS the total amount of funding required to fund the project is raised.

The importance of this sort of functionality can not be overstated and it could definitely be built in to the protocol if it isnt already.

So, to all the brainiacs and big idea people out there --

How can aliases work in tandem with AE?

Let's say you've reserved a desirable alias 'foo'.

You issue 'foo' asset on AE.

Now what?

Well, newcoming programmers could read http://wiki.nxtcrypto.org/wiki/Nxt_API#Asset_exchange_operations, should be enough for them...

Real world commodity exchange is possible. But escrow involves the buyer transferring funds to escrow, and the escrow account confirming to the seller that funds have hit the escrow account. From this point, the buyer and seller can communicate with each other and discuss where to ship the item to. When the item is received by the buyer, the escrow will release funds to the seller.

On a side note... I believe peer to peer exchange is a wonderful notion. But the downside is trying to find liquidity (whether its currency or commodity) in a decentralized structure. Centralization is a great mechanism for bringing buyers and sellers to a central location and this has what made centralized markets effective and efficient. Think about going back to the bartering days.


Who wants to start a Craigslist like website for the crypto-currency market? Buyers and Sellers can come together looking for (___________) and they can contact each other through NXT messaging and set up the transaction p2p. It is a great way to find goods and services in a decentralized structure.

What do you guys think?

testNXT instructions:

1. See CfB's post here.
2. Create testNXT account here: https://holms.cloudapp.net:6875
3. DO NOT use your main password account; create an account by using a new, unique passphrase.
4. You can download fmiboy's AE-enabled client here: https://bitcointalksearch.org/topic/m.5084677
5. Ask for testNXT in main thread or here; include your testNXT account number.
6. HAVE FUN!

Just to be certain, I did not mean "yes" in my post "Does this sound stupid?"  >_<

Its a decent idea, but there is an issue in who controls the asset accounts.  Unless I'm missing something, the only way we can send from the "permanent account" is if the account is controlled by a trusted escrow.  It's doable, but makes it less decentralized.

What might be interesting is to implement escrow right into the asset exchange, so that anyone can have a rated escrow account as well.  For example:

1. Jon wants to sell "asset" for Sue for 100NXT but has little or no rating.
2. Jon push "sell", and sends the asset to a linked and highly rated escrow account
3. Sue pushes "buy", 100 NXT goes to the linked and highly rated escrows account
4. If both things arrived to account then this account sends the 100 NXT to Joe and asset to Sue.
5. Upon successful transaction, the escrow, Jon and Sue all +1 each other for a good trade, thus developing rep for Jon, Sue, and the escrow.

Just an idea, still hard to implement the real world commodity part of the escrow, and maybe that would complicate it too much, but just an idea.  Still, I think ratings of some sort could establish trust.  As far as commodities go though, I think a system to easily implement dividends may prove useful, but I wonder the legal implications of such a thing.  But a full peer-to-peer trading platform would be excellent.


Edit: pardon me, I've derailed the thread to suggestions ... back to asset exchange testing.

Perhaps you could repeat this link and some basic instructions in your first post in this thread.