Topic: [NXT] Decentralized Asset Exchange Discussion Thread - page 7. (Read 31325 times)

Is there, or is there planned to be a way to make payments to everyone holding an asset?

Suppose I am an asset issuer and I want to send 1 NXT per share to the Nxt account where the asset is held (like paying a dividend or interest). Can this be done?

Or would I need an external program or some sort of script to parse the blockchain, looking for accounts that hold shares of my asset and have it pay them individually?

I think you are wrong here, Anon.

Suppose I'm a weed dealer called Mr. Green. Suppose I get 10 oz. of product in from my supplier. I can issue an asset called "1 oz Mr. Green's Dank Bud" and issue 10 shares of the asset.

Dealers develop reputations for quality of their product, so 1 oz. from Mr Green may be worth less than 1 oz from Mr. Purple, but as far as a buyer is concerned...an ounce from Mr. Green is fungible with any other ounce from Mr. Green.

And not for nothing, but Bitcoin would probably never have gotten out of Mom's basement if it weren't for the appearance of the Silk Road early on in Bitcoin's history.

You're probably right that there are more elegant ways to run such a marketplace, but to say it couldn't be done in the AE is being shortsighted, IMO.

I could be wrong.

I do not understand this... I paid 35 NXT for 10 shares of an asset + 1 NXT as a fee.

It is showing up in the client as spending 0 NXT + 1 fee that was sent to the genesis account.

It should show up as 35 NXT going to the asset seller + 1 NXT to the person that forged that block, right?

Is this on purpose, or a bug? If it's on purpose, why?

Note also that the # of confirmations is not updating on the dashboard, but appears to be updating in the "transactions" section.

Screenshot:

a solid colored coins implementation will succeed, will it be on our blockchain though? thats far less certain.

Does the AE use Arbitrary Messaging or is it facilitated by something else?

Is there a link you could provide for the arbitrary message system and how to use it? Is it functional?

this is an awesome project but i wonder if it can success

that's right.

afaik the marketplace uses AM to trade goods.

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well its not that you cant.

technically you could issue 1 asset for many different 57 chevies but then customers would be weary of using it since they wouldnt know exactly what they were getting for their money. meaning they would tend to only be willing to bid the value of a 57 chevie in the worst condition imaginable. meaning it would be a terrible way to sell a 57 chevie in decent condition and would tend to end up representing only the crummiest ones because there is some heterogeneity in 57 chevies that are only worth their weight in scrap.

or you could issue 1 asset for each 57 chevie but it would be a huge waste of resources.

cfb is working on a blockchain marketplace, that would be the place to sell 57 chevies.

it could be very useful for chevrolette corporation to issue 10000 units of 1 asset that represents brand new 2014 chevies though. that would make a lot of sense. it would even allow them to get a better idea of what the market clearing price is for their product in a way that they cant get with guessing and then shipping them out to dealerships with a price tag that represents that guess.
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So it is because of the limited information and data that the AE is able to transmit that would be the problem. You can't post pictures or give a long description ETC.

So then the Market place that is in the works will be functional in this way? Is it going to be similar to the AE? or linked to the AE? Or will the AE be modified to do this?

well its not that you cant.

technically you could issue 1 asset for many different 57 chevies but then customers would be weary of using it since they wouldnt know exactly what they were getting for their money. meaning they would tend to only be willing to bid the value of a 57 chevie in the worst condition imaginable. meaning it would be a terrible way to sell a 57 chevie in decent condition and would tend to end up representing only the crummiest ones because there is some heterogeneity in 57 chevies that are only worth their weight in scrap.

or you could issue 1 asset for each 57 chevie but it would be a huge waste of resources.

cfb is working on a blockchain marketplace, that would be the place to sell 57 chevies.

it could be very useful for chevrolette corporation to issue 10000 units of 1 asset that represents brand new 2014 chevies though. that would make a lot of sense. it would even allow them to get a better idea of what the market clearing price is for their product in a way that they cant get with guessing and then shipping them out to dealerships with a price tag that represents that guess.

Why does my api call for all assets return nothing?:

{"assetIds":[]}

OK. Basically, what you are saying is that the AE is not set up to sell things as singular assets; You can't sell 57 Chevies, Rare Collectables, art work, ETC. Is it a characteristic of the AE programing that sets this limit, or is this usage limitation designed to reduce and control the number of assets that can be listed on the AE for the sake of organization?

sure so i am talking about fungibility. should have been more specific.


the asset exchange lends its self to fungible assets. ounces of weed are typically not very fungible.

The more I think about this idea, the more I agree with Ciyam. If multiple assets could have the same name and sellers had to list with an account or alias, it would help people to identify reputable sellers, it would eliminate name squatting, it would also help to index assets as there wouldn't be innumerable Dogecoin or Bitcoin listings with varied alterations to the name; people could just list Dogecoin or Bitcoin or whatever they where selling. It would also help smaller asset traders, because the high value popular asset names will most probably have high prices and thus favor larger, wealthier traders. It would also eliminate the need for 1000 NXT asset registration fees.

Anon, could you explain what you mean by homogenous/ heterogeneous and explain the difference when it comes to functionality of the AE?

Following you advice that the Asset Exchange ist not the right place for this kind of marketplace I reposted this under the general NXT thread.
https://bitcointalksearch.org/topic/m.5769015

CfB is developing a digital store framework on Nxt. This could be your road.

i am wrong? the comment you linked didn't make any positive claims. i said "please don't ________", i asked nicely.

What about software licensing ?

hi,
if you have any  ideas about using AE, really in real life - just simple ideas, you can post them here during next weeks

thanks