NXT :: descendant of Bitcoin - Updated Information - page 190.

TwinWinNerD

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

Quote from: TwinWinNerD on March 22, 2014, 02:30:42 PM

Quote from: Eadeqa on March 22, 2014, 02:27:48 PM

Quote from: TwinWinNerD on March 22, 2014, 02:24:43 PM

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.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

That's not dividend. I am getting a commodity in return (bitcoin) right away. This is different.

please catch up what the word asset means.

Thank you

http://en.wikipedia.org/wiki/Asset

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.

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

IveBeenBit

sr. member

Activity: 449

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Quote from: ?? on ??

Quote

For all the posting you are doing on this topic, you show no signs of having considered the mathematical reality of what happens when $500 million of business flows into the Nxt system, and they are forced to use only Nxt to settle their trades.

https://bitcointalksearch.org/topic/m.5815603

Furthermore, you fail to acknowledge that if a European wants to trade Euros for a commodity or an equity, he will favor the platform that allows him to denominate his trade in Euros. A Nxt fork will emerge that allows that, and we'll all be sitting here as kings of an abandoned currency.

This argument is simply a fallacy and an easy one to spot. Its like saying no market can ever grow because "its too small right now". If 500 million was injected into the nxt system it would not be overnight. It would be over time and the ecosystem would adapt, along with price, distribution and liquidity increasing significantly. While volatility would in cause, reduce greatly.

OK fine...then while we wait for Nxt to achieve several $trillion in market cap, let Nxt compete against all other assets and allow people the freedom to choose their own currency to do business. Maybe one day they will choose Nxt based on its merits.

TwinWinNerD

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but what is the real advantage?

There are way better solutions for decentralised hosting.

Eadeqa

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Quote from: TwinWinNerD on March 22, 2014, 02:30:42 PM

Quote from: Eadeqa on March 22, 2014, 02:27:48 PM

Quote from: TwinWinNerD on March 22, 2014, 02:24:43 PM

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.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

That's not dividend. I am getting a commodity in return (bitcoin) right away. This is different.

please catch up what the word asset means.

Thank you

http://en.wikipedia.org/wiki/Asset

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.

Anon136

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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.

TwinWinNerD

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CEO Bitpanda.com

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.

Anon136

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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.

IveBeenBit

sr. member

Activity: 449

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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.

TwinWinNerD

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CEO Bitpanda.com

Quote from: Eadeqa on March 22, 2014, 02:27:48 PM

Quote from: TwinWinNerD on March 22, 2014, 02:24:43 PM

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.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

That's not dividend. I am getting a commodity in return (bitcoin) right away. This is different.

please catch up what the word asset means.

Thank you

http://en.wikipedia.org/wiki/Asset

TwinWinNerD

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Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: salsacz on March 22, 2014, 02:26:43 PM

Quote from: TwinWinNerD on March 22, 2014, 02:24:43 PM

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.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

how can btc shares transform in real btc on my bitstamp acc?

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: TwinWinNerD on March 22, 2014, 02:24:43 PM

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.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

That's not dividend. I am getting a commodity in return (bitcoin) right away. This is different.

salsacz

hero member

Activity: 490

Merit: 504

Quote from: TwinWinNerD on March 22, 2014, 02:24:43 PM

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.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

how can btc shares transform in real btc on my bitstamp acc?

IveBeenBit

sr. member

Activity: 449

Merit: 250

Quote from: Damelon on March 22, 2014, 12:31:59 PM

ANNOUNCEMENT

The new Nxt forum can be found here, people: http://107.170.117.237/index.php

Just so you don't miss it!

It looks great! I can't wait to see more discussion moving over there!

Quote from: Anon136 on March 22, 2014, 12:34:19 PM

what happened to the old one?

The forum admin was hit by a bus.

BitcoinForumator

legendary

Activity: 1120

Merit: 1000

Quote from: farl4web on March 22, 2014, 02:21:16 PM

Quote from: Sebastien256 on March 22, 2014, 12:43:07 PM

Quote from: farl4web on March 22, 2014, 12:39:30 PM

Quote from: wesleyh on March 22, 2014, 10:13:40 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

Why do we need another forum exactly? Huh

http://www.nextcoin.org is very popular and http://forums.nxtcrypto.org is also fine.

And if we get new forum, could we please use a Next Generation design? Wink

Something like this https://ripple.com/forum (sorry for using Ripple as example).

I fear that whatever forum will be up, there will always people that are not happy. nextcoin is run by a business on the top level (dgex), while nxtcrypto have no admin. So make your idea based on this.

Didn't know about the troubles with forums.nxtcrypto.org. I'm convinced there need to be a 'decentralized' forum. (although I like Nextcoin.org, it isn't the right name).

You can use my domain if you want:

www.nxtforum.org

Great! Use this domain please.

I don't hate GDInc in any way, he's done a fair share of good deeds, but I don't like Nextcoin because of the name and for this reason I don't visit it that much.

TwinWinNerD

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CEO Bitpanda.com

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.

And let's say you want to trade BTC/NXT, who do you trust more, the blockchain + a gateway or a site like cryptsy?
You will be able to trade BTC/NXT on the asset exchange.

Also, luckily most people here see the extreme advantages of an asset exchange, the little number of people who doubt the concept don't matter.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: farl4web on March 22, 2014, 02:21:16 PM

Quote from: Sebastien256 on March 22, 2014, 12:43:07 PM

Quote from: farl4web on March 22, 2014, 12:39:30 PM

Quote from: wesleyh on March 22, 2014, 10:13:40 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

Why do we need another forum exactly? Huh

http://www.nextcoin.org is very popular and http://forums.nxtcrypto.org is also fine.

And if we get new forum, could we please use a Next Generation design? Wink

Something like this https://ripple.com/forum (sorry for using Ripple as example).

I fear that whatever forum will be up, there will always people that are not happy. nextcoin is run by a business on the top level (dgex), while nxtcrypto have no admin. So make your idea based on this.

Didn't know about the troubles with forums.nxtcrypto.org. I'm convinced there need to be a 'decentralized' forum. (although I like Nextcoin.org, it isn't the right name).

You can use my domain if you want:

www.nxtforum.org

mb we should do this first before i try to do a marketplace. it could be a good stepping stone.

Anon136

legendary

Activity: 1722

Merit: 1217

Quote from: IveBeenBit on March 22, 2014, 02:20:15 PM

Quote from: CIYAM on March 22, 2014, 12:04:28 PM

Quote from: Anon136 on March 22, 2014, 12:02:42 PM

why not? whats the cost? sure i recognize that there is a cost but its minor compared to the benefit.

I think the cost is the "image" of the project - if we are wanting to court more business types then fees such as 1000 NXT are not going to frighten them at all.

But kids having fun are going to create Assets left, right and center if we make it the same price as creating an AM.

For those who have been around long enough...let's think about what happened with GLBSE versus MPEx. MPEx has always charged about BTC20 just to get an account there. GLBSE would let anyone with a pulse onto their exchange. GLBSE was 99% scams and incompetents. MPEx, and the issues it trades, has been financially solid throughout.

BUT

MPEx has only had maybe 3 or 4 equities trading, and one of those is for MPEx itself. GLBSE had dozens of issues.

I don't have a strong opinion either way, but enabling Anon's little girl to open a lemonade stand is a compelling narrative to me, personally.

I also am uncomfortable with the idea of having a central authority (the Nxt protocol) dictate prices. The forgers have to do the work and should set prices, is my first blush at it.

yea the solution is maybe that we (the nxt community) will just have to make plenty of legitimate and awesome assets. that way everyone will say "yea there are plenty of scams but there are legitimate things as well, just like nxt and counterparty"

bitcoinpaul

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Quote from: farl4web on March 22, 2014, 02:21:16 PM

You can use my domain if you want:

www.nxtforum.org

+1

bitcoinpaul

hero member

Activity: 910

Merit: 1000

Quote from: TwinWinNerD on March 22, 2014, 02:14:24 PM

Quote from: salsacz on March 22, 2014, 02:13:14 PM

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

You get dividends and if the company gets evaluated higher you participate in price gains

have you ever heard of the stock/commodity market?

how can you get dividends?

This will be implemented (if i am not wrong) either with a tool or with a multioutput transaction

AT is also a possible solution.

Eadeqa

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Activity: 644

Merit: 500

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.

Topic: NXT :: descendant of Bitcoin - Updated Information - page 190. (Read 2761645 times)