NXT :: descendant of Bitcoin - Updated Information - page 189.

zuqka

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Quote from: Come-from-Beyond on March 22, 2014, 03:47:26 PM

Quote from: zuqka on March 22, 2014, 03:46:56 PM

Can someone mind to explain what this is: 1739068987193023818 with: -999'997'009.00

http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=1739068987193023818

Is it a anomaly?

How did u find it?

Why does it matter how? Dunno, I found it some other day.... but what the heck is it?

Come-from-Beyond

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Quote from: zuqka on March 22, 2014, 03:46:56 PM

Can someone mind to explain what this is: 1739068987193023818 with: -999'997'009.00

http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=1739068987193023818

Is it a anomaly?

How did u find it?

zuqka

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Activity: 140

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Can someone mind to explain what this is: 1739068987193023818 with: -999'997'009.00

http://www.mynxt.info/blockexplorer/details.php?action=ac&ac=1739068987193023818

Is it a anomaly?

instacalm

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Quote from: Bitventurer on March 22, 2014, 03:23:40 PM

hey,how about using the domain nxt.org/forum ?

forum.nxt.org -- would be pretty slick!

Bitventurer

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S P 8 D E

Quote from: Sebastien256 on March 22, 2014, 10:23:01 AM

Quote from: Sebastien256 on March 22, 2014, 10:05:18 AM

Nxt is in dared need of a 100% trust forum. Im wondering how long it will take until we get one. I believe community fund should fund a forum to get thing structure a bit. It good to be decentralized, but not desorganized.

I'm setting one up now and if opticalcarrier agrees it can be the new forums.nxtcrypto.org:

http://107.170.117.237

Nice it look like bitcointalk!

EDIT: @wesley, make sure there is two admins, to avoid the case that Nxt have with nxtcrypto at the moment.
[/quote]

hey,how about using the domain nxt.org/forum ?

L5Society

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Quote from: IveBeenBit on March 22, 2014, 02:32:04 PM

Quote from: Jerical13 on March 22, 2014, 12:31:42 PM

If they are forced to use only NXT for their trades then the demand will generate a higher price for NXT. That is how the math works. Do you expect that their will such a tidal wave of business inflow that the price of NXT will not be able to keep up? I think that would be when it would actually go to the moon.

James, BrooklynBTC, Sebestian, other people, and I have all made very good arguments for why what you wrote above it wrong. You show no sign that you even understand the counter arguments. I understand your argument completely, and it's wrong. In fact, I once agreed with what you are saying before thinking about it. You are repeating yourself.

+1440

Couldn't have worded it better myself. I was going back and catching up on this thread, and I was getting really frustrated seeing Jerical13 repeat the same argument.

Dude, we understand supply and demand. This is so much more complicated than that. Regardless, CIYAM thinks that this discussion is a moot point due to automated transactions.

TwinWinNerD

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Quote from: Eadeqa on March 22, 2014, 03:07:51 PM

Quote from: TwinWinNerD on March 22, 2014, 03:03:51 PM

Quote from: Eadeqa on March 22, 2014, 03:02:21 PM

Quote from: TwinWinNerD on March 22, 2014, 02:58:47 PM

Quote from: Eadeqa on March 22, 2014, 02:51:30 PM

Quote from: TwinWinNerD on March 22, 2014, 02:38:40 PM

Are you trolling?

You can't buy pot this way because you would buy the right to buy pot... and not pot directly. It is not a shop but an exchange.

Also you only buy an IOU. Like a share is....

Yes you need to trust bitstamp to redeem it, but the exchange of those tokens is trustless

I wasn't trolling

Why can't I buy pot by redeeming pot asset-- just like bitcoin would be redeemed by bitstamp?

The seller issues a pot asset. I buy it (with some amount of nxt). Then I "redeem" it and the sellers mails me the pot (I have to send him my address but that's between me and the seller).

Because it is retarded (sry). If i want to sell pot, i want to know when money comes in and when i have to send out something. Why would i issue tokens so that someone can buy those and then redeem them anytime they want? Also what if i only want to sell a good for a limited time?

The buyer buys it and redeems it right away. If the buyer waits for an year, well, he lost his money and the asset is worthless.

We have messaging system. The buyer can send (encrypted) message to the seller and they can arrange am agreement.

What use is the asset exchange in this scenario?? Why not use a marketplace?

What market place? Silkroad where FBI confiscated all the money? Silkroad 2.0 where they claim someone stole their bitcoins? On asset exchange the seller and buyer are dealing directly with each other, without a third party involvement.

yes, but why use the asset exchange and not build another service ONTOP of the blockchain like silkroad??

Eadeqa

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Quote from: TwinWinNerD on March 22, 2014, 03:03:51 PM

Quote from: Eadeqa on March 22, 2014, 03:02:21 PM

Quote from: TwinWinNerD on March 22, 2014, 02:58:47 PM

Quote from: Eadeqa on March 22, 2014, 02:51:30 PM

Quote from: TwinWinNerD on March 22, 2014, 02:38:40 PM

Are you trolling?

You can't buy pot this way because you would buy the right to buy pot... and not pot directly. It is not a shop but an exchange.

Also you only buy an IOU. Like a share is....

Yes you need to trust bitstamp to redeem it, but the exchange of those tokens is trustless

I wasn't trolling

Why can't I buy pot by redeeming pot asset-- just like bitcoin would be redeemed by bitstamp?

The seller issues a pot asset. I buy it (with some amount of nxt). Then I "redeem" it and the sellers mails me the pot (I have to send him my address but that's between me and the seller).

Because it is retarded (sry). If i want to sell pot, i want to know when money comes in and when i have to send out something. Why would i issue tokens so that someone can buy those and then redeem them anytime they want? Also what if i only want to sell a good for a limited time?

The buyer buys it and redeems it right away. If the buyer waits for an year, well, he lost his money and the asset is worthless.

We have messaging system. The buyer can send (encrypted) message to the seller and they can arrange am agreement.

What use is the asset exchange in this scenario?? Why not use a marketplace?

What market place? Silkroad where FBI confiscated all the money? Silkroad 2.0 where they claim someone stole their bitcoins? On asset exchange the seller and buyer are dealing directly with each other, without a third party involvement.

TwinWinNerD

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Quote from: Eadeqa on March 22, 2014, 03:02:21 PM

Quote from: TwinWinNerD on March 22, 2014, 02:58:47 PM

Quote from: Eadeqa on March 22, 2014, 02:51:30 PM

Quote from: TwinWinNerD on March 22, 2014, 02:38:40 PM

Are you trolling?

You can't buy pot this way because you would buy the right to buy pot... and not pot directly. It is not a shop but an exchange.

Also you only buy an IOU. Like a share is....

Yes you need to trust bitstamp to redeem it, but the exchange of those tokens is trustless

I wasn't trolling

Why can't I buy pot by redeeming pot asset-- just like bitcoin would be redeemed by bitstamp?

The seller issues a pot asset. I buy it (with some amount of nxt). Then I "redeem" it and the sellers mails me the pot (I have to send him my address but that's between me and the seller).

Because it is retarded (sry). If i want to sell pot, i want to know when money comes in and when i have to send out something. Why would i issue tokens so that someone can buy those and then redeem them anytime they want? Also what if i only want to sell a good for a limited time?

The buyer buys it and redeems it right away. If the buyer waits for an year, well, he lost his money and the asset is worthless.

We have messaging system. The buyer can send (encrypted) message to the seller and they can arrange am agreement.

What use is the asset exchange in this scenario?? Why not use a marketplace?

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: TwinWinNerD on March 22, 2014, 02:58:47 PM

Quote from: Eadeqa on March 22, 2014, 02:51:30 PM

Quote from: TwinWinNerD on March 22, 2014, 02:38:40 PM

Are you trolling?

You can't buy pot this way because you would buy the right to buy pot... and not pot directly. It is not a shop but an exchange.

Also you only buy an IOU. Like a share is....

Yes you need to trust bitstamp to redeem it, but the exchange of those tokens is trustless

I wasn't trolling

Why can't I buy pot by redeeming pot asset-- just like bitcoin would be redeemed by bitstamp?

The seller issues a pot asset. I buy it (with some amount of nxt). Then I "redeem" it and the sellers mails me the pot (I have to send him my address but that's between me and the seller).

Because it is retarded (sry). If i want to sell pot, i want to know when money comes in and when i have to send out something. Why would i issue tokens so that someone can buy those and then redeem them anytime they want? Also what if i only want to sell a good for a limited time?

The buyer buys it and redeems it right away. If the buyer waits for an year, well, he lost his money and the asset is worthless.

We have messaging system. The buyer can send (encrypted) message to the seller and they can arrange am agreement.

Come-from-Beyond

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Quote from: Anon136 on March 22, 2014, 02:07:50 PM

Quote from: TwinWinNerD on March 22, 2014, 02:04:24 PM

Quote from: Anon136 on March 22, 2014, 01:55:01 PM

Quote from: bitcoinpaul on March 22, 2014, 01:53:40 PM

I think the digital good store could be the place to go. Let's wait how it will look like.

CfB - ETA?

im confused why its a digital goods store and not just a goods store

Actually it is quite clever, they want to make it that you pay and it immediately releases the digital good to you.

For example someone wants 5 NXT for a picture of beyonce getting fucked from behind.
Then you pay and immediately the network releases this picture to you. (don't know how yet)

it is trustless!

thats super awesome!

so then that means i do in fact want to start my own project. i want to build a bitmit type service on top of the nxt blockchain. would anyone be interested in this? i would probably be willing to pay up to 100,000 nxt to get it done right the way i want it though im not sure if i would need to pay that much. ill have to do some more research. we need a new bitmit and bitmit_2.0 may as well be built onto of a blockchain that way we dont ever have to worry about it going away like the last one.

this could in theory be the nxt killer app to send us to the moon.

It's wrong. Trust to seller is still required.

Come-from-Beyond

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Quote from: bitcoinpaul on March 22, 2014, 01:53:40 PM

I think the digital good store could be the place to go. Let's wait how it will 'look' like.

CfB - ETA?

Depends on testing.

TwinWinNerD

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CEO Bitpanda.com

Quote from: Eadeqa on March 22, 2014, 02:51:30 PM

Quote from: TwinWinNerD on March 22, 2014, 02:38:40 PM

Are you trolling?

You can't buy pot this way because you would buy the right to buy pot... and not pot directly. It is not a shop but an exchange.

Also you only buy an IOU. Like a share is....

Yes you need to trust bitstamp to redeem it, but the exchange of those tokens is trustless

I wasn't trolling

Why can't I buy pot by redeeming pot asset-- just like bitcoin would be redeemed by bitstamp?

The seller issues a pot asset. I buy it (with some amount of nxt). Then I "redeem" it and the sellers mails me the pot (I have to send him my address but that's between me and the seller).

Because it is retarded (sry). If i want to sell pot, i want to know when money comes in and when i have to send out something. Why would i issue tokens so that someone can buy those and then redeem them anytime they want? Also what if i only want to sell a good for a limited time?

A marketplace like bitmit or silkroad makes much more sence...

Eadeqa

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Activity: 644

Merit: 500

Quote from: joefox on March 22, 2014, 02:44:24 PM

Quote from: Eadeqa on March 22, 2014, 02:36:07 PM

I asked if I can use asset exchange to buy a commodity like pot, and someone said no. A bitcoin is a commodity.

By the way, this isn't trustless as I will have to trust bitstamp that they will send me real bitcoin if I buy their asset.

The person who said no is not correct. Anon136, as an example, is planning to use the AE to sell silver bullion.

Exactly. This confusion started when someone said no ( think it was wesleh)

The real discussion was high fees. I want to sell $5 pot the fees to issue asset should not be $40.

By the way, I don't do drugs -- but lets stick to selling pot as an example

Eadeqa

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Activity: 644

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Quote from: TwinWinNerD on March 22, 2014, 02:38:40 PM

Are you trolling?

You can't buy pot this way because you would buy the right to buy pot... and not pot directly. It is not a shop but an exchange.

Also you only buy an IOU. Like a share is....

Yes you need to trust bitstamp to redeem it, but the exchange of those tokens is trustless

I wasn't trolling

Why can't I buy pot by redeeming pot asset-- just like bitcoin would be redeemed by bitstamp?

The seller issues a pot asset. I buy it (with some amount of nxt). Then I "redeem" it and the sellers mails me the pot (I have to send him my address but that's between me and the seller).

Damelon

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Quote from: Anon136 on March 22, 2014, 02:35:31 PM

Quote from: TwinWinNerD on March 22, 2014, 02:34:36 PM

Quote from: Anon136 on March 22, 2014, 02:32:43 PM

who in this community has the technical skills to help me build a forum ontop of the nxt blockchain? preferably someone who isnt enormously busy with another useful project. ill pay.

I don't really like the idea. This way posts would only be updated roughly every 60 seconds and also the blockchain would get stuffed.

we could use magnet links to torrents and posts could be done in batches. the 60 second thing would be a problem. mostly im just looking at it as a simpler proof of concept for what would need to be developed for a true decentralized marketplace.

I think you fail to see (this time Wink

) why a forum is used: to discuss and socialise, nót to show off what you can do technically.

I can see where you are coming from, and it would be great if this was here nów, but it isn't.

It is a means to an end at the moment, the end being: having a place to discuss with a better structure than this thread.

Once we can do that decentrally, great. For now, I'd like you to consider to also discuss over there, as it will really, really help!

landomata

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Quote from: intmain() on March 22, 2014, 02:45:33 PM

Wow, this thread really explodes when the price starts to rise!

Pulse of the market.

intmain()

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Wow, this thread really explodes when the price starts to rise!

joefox

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Quote from: Eadeqa on March 22, 2014, 02:36:07 PM

I asked if I can use asset exchange to buy a commodity like pot, and someone said no. A bitcoin is a commodity.

By the way, this isn't trustless as I will have to trust bitstamp that they will send me real bitcoin if I buy their asset.

The person who said no is not correct. Anon136, as an example, is planning to use the AE to sell silver bullion.

The AE alone does NOT solve the trust issue, but other things might: multi sig transactions, escrow via Nxt AT agent, etc.

mczarnek

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Quote from: Eadeqa on March 22, 2014, 02:21:56 PM

Quote from: TwinWinNerD on March 22, 2014, 02:10:02 PM

You get dividends

So if the company makes profit, they pay some of the profit to their asset holders?. As nxt is decentralized anonymous with no govt involvement, there is no legal framework and checks and balances to insure the "company" isn't lying.

I don't think it's going to do anything for nxt short to long term --- nxt needs to be at least at bitcoin level in popularity before even a semi-legitimate business like a gambling company would issue such asset. I won't buy it still.

Lets move on.

The way Nxt makes money is by people needing to pay the forgers to do stuff, either you forge yourself or you point your forging power at another account and get paid for it.

Exact same thing as dividends on your stock (in this case Nxt).

Topic: NXT :: descendant of Bitcoin - Updated Information - page 189. (Read 2761645 times)