Topic: NXT :: descendant of Bitcoin - Updated Information - page 191. (Read 2761645 times)

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 anywhere like the last one.

this would be awesome, maybe this can be very meta. Bitmit runs as a DAC and their shares are listed on the exchange :O

I think the way i would have it work is for the service providers to scan the blockchain for any transaction in which the destination address is the same as the sending address, look for an arbitrary message, look for a some indicating syntax at the beginning of the message (such as i82prx as a random example) then interpret the rest of the message as a magnet link for a torrent. then have the details of the listing contained in the file that that magnet link points to.

ill have to think about this a lot more. there are lots of questions like how to deal with trust. do we just piggy back on otc_WebOfTrust or do we build our own thing. the security implications of having magnet links that execute automatically. lots of stuff.

if anyone is interested in working with me on this project pm me.

mczarnek

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Quote from: joefox on March 22, 2014, 02:10:43 PM

Quote from: Come-from-Beyond on March 22, 2014, 12:01:04 PM

Quote from: IveBeenBit on March 22, 2014, 11:52:10 AM

Is there a reason we can't just have transaction fees market-driven? Let the forgers decide what fee is acceptable. Why impose "price controls?"

I'm adding it right now.

This makes me happy. It would be awesome for fee determination to be algorithmic somehow!

Sounds pretty awesome but does that mean that you can't know ahead of time what fee you'll have to pay? You send a transaction and the forger says I don't accept transactions that low and you get dropped? Or what if a forger votes for a certain fee, keeps his forger on for months but the fee is ridiculous given how the price has changed? So maybe you weight current fees based upon how recently they have been received?

I generally like this idea but would like to hear how it is being implemented. In general though, I like the idea of market driven transaction fees.

TwinWinNerD

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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

salsacz

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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?

Anon136

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Activity: 1722

Merit: 1217

Quote from: TwinWinNerD on March 22, 2014, 01:49:39 PM

Quote from: Come-from-Beyond on March 22, 2014, 12:01:04 PM

What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).

Give me a solution to use either asset or digital goods infrastructure to do so.

There is no solution so far...

Ok, then I misunderstood "asset" exchange and I take everything back I said about it. You can have unique names all you want. It's crap and I doubt it's worth that much pages of discussion.

It's not going to do anything for nxt. It basically will encourage ponzi schemes. I issue an "asset" and tell you to buy it and sell it to next person for higher price. The next person buys it and sells it to next person even higher.

This is worth nothing unless I can trade it for something real.

Too many pages of discussion on something that will never pickup (not in the next 2 or 3 years)

congratulations on "not getting it". if all those pages of discussion weren't enough than only time will be able to sort this one out. some day you will "get it" you will just have to see the applications with your own eyes. (granted there will probably be 100 scams for every 1 legitimate use but thats neither here nor there, the 1% that are legit are going to change the world)

I don't believe any "legitimate" company is going to issue a "virtual" asset anytime soon on nxt (if it al). It's really worth nothing if I can't trade it for something real.

Why would I buy any asset next month when it's live on real blockchain? What exactly can I do with it?

well i personally know that's wrong because im legit and i plan to issue legitimate assets on the nxt blockchain.

joefox

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Quote from: IveBeenBit on March 22, 2014, 11:52:10 AM

Is there a reason we can't just have transaction fees market-driven? Let the forgers decide what fee is acceptable. Why impose "price controls?"

I'm adding it right now.

This makes me happy. It would be awesome for fee determination to be algorithmic somehow!

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

Quote from: Eadeqa on March 22, 2014, 02:08:30 PM

Quote from: TwinWinNerD on March 22, 2014, 02:05:51 PM

Quote from: TwinWinNerD on March 22, 2014, 01:49:39 PM

What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).

Give me a solution to use either asset or digital goods infrastructure to do so.

There is no solution so far...

Ok, then I misunderstood "asset" exchange and I take everything back I said about it. You can have unique names all you want. It's crap and I doubt it's worth that much pages of discussion.

It's not going to do anything for nxt. It basically will encourage ponzi schemes. I issue an "asset" and tell you to buy it and sell it to next person for higher price. The next person buys it and sells it to next person even higher.

This is worth nothing unless I can trade it for something real.

Too many pages of discussion on something that will never pickup (not in the next 2 or 3 years)

congratulations on "not getting it". if all those pages of discussion weren't enough than only time will be able to sort this one out. some day you will "get it" you will just have to see the applications with your own eyes. (granted there will probably be 100 scams for every 1 legitimate use but thats neither here nor there, the 1% that are legit are going to change the world)

I don't believe any "legitimate" company is going to issue a "virtual" asset anytime soon on nxt (if it al). It's really worth nothing if I can't trade it for something real.

Why would I buy any asset next month when it's live on real blockchain?

every gambling company in the world?
the mobile application company nxt?
a fiat gateway?
a cryptocoin gateway?

So I bought an asset issued on nxt blockchain by a gambling company. What cam I do with it?

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

have you ever heard of the stock/commodity market?

bitcoinpaul

hero member

Activity: 910

Merit: 1000

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

Why would I buy any asset next month when it's live on real blockchain? What exactly can I do with it?

Where were you the last weeks?

TwinWinNerD

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Quote from: TwinWinNerD on March 22, 2014, 02:04:24 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 anywhere like the last one.

this would be awesome, maybe this can be very meta. Bitmit runs as a DAC and their shares are listed on the exchange :O

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: TwinWinNerD on March 22, 2014, 02:05:51 PM

Quote from: TwinWinNerD on March 22, 2014, 01:49:39 PM

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

What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).

Give me a solution to use either asset or digital goods infrastructure to do so.

There is no solution so far...

Ok, then I misunderstood "asset" exchange and I take everything back I said about it. You can have unique names all you want. It's crap and I doubt it's worth that much pages of discussion.

It's not going to do anything for nxt. It basically will encourage ponzi schemes. I issue an "asset" and tell you to buy it and sell it to next person for higher price. The next person buys it and sells it to next person even higher.

This is worth nothing unless I can trade it for something real.

Too many pages of discussion on something that will never pickup (not in the next 2 or 3 years)

congratulations on "not getting it". if all those pages of discussion weren't enough than only time will be able to sort this one out. some day you will "get it" you will just have to see the applications with your own eyes. (granted there will probably be 100 scams for every 1 legitimate use but thats neither here nor there, the 1% that are legit are going to change the world)

I don't believe any "legitimate" company is going to issue a "virtual" asset anytime soon on nxt (if it al). It's really worth nothing if I can't trade it for something real.

Why would I buy any asset next month when it's live on real blockchain?

every gambling company in the world?
the mobile application company nxt?
a fiat gateway?
a cryptocoin gateway?

Ok, so I bought an asset issued on nxt blockchain by a gambling company. What cam I do with it?

Anon136

legendary

Activity: 1722

Merit: 1217

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.

alxx77

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Quote from: TwinWinNerD on March 22, 2014, 01:49:39 PM

What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).

Give me a solution to use either asset or digital goods infrastructure to do so.

There is no solution so far...

Ok, then I misunderstood "asset" exchange and I take everything back I said about it. You can have unique names all you want. It's crap and I doubt it's worth that much pages of discussion.

It's not going to do anything for nxt. It basically will encourage ponzi schemes. I issue an "asset" and tell you to buy it and sell it to next person for higher price. The next person buys it and sells it to next person even higher.

This is worth nothing unless I can trade it for something real. Every "asset" is just another "crapcopin" on nxt blockchain.

Too many pages of discussion on something that will never pickup.

Lets move on to a different topic.

A perfect example where AE can shine are IPO-s...

TwinWinNerD

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Merit: 1001

CEO Bitpanda.com

Quote from: TwinWinNerD on March 22, 2014, 01:49:39 PM

What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).

Give me a solution to use either asset or digital goods infrastructure to do so.

There is no solution so far...

Ok, then I misunderstood "asset" exchange and I take everything back I said about it. You can have unique names all you want. It's crap and I doubt it's worth that much pages of discussion.

It's not going to do anything for nxt. It basically will encourage ponzi schemes. I issue an "asset" and tell you to buy it and sell it to next person for higher price. The next person buys it and sells it to next person even higher.

This is worth nothing unless I can trade it for something real.

Too many pages of discussion on something that will never pickup (not in the next 2 or 3 years)

congratulations on "not getting it". if all those pages of discussion weren't enough than only time will be able to sort this one out. some day you will "get it" you will just have to see the applications with your own eyes. (granted there will probably be 100 scams for every 1 legitimate use but thats neither here nor there, the 1% that are legit are going to change the world)

I don't believe any "legitimate" company is going to issue a "virtual" asset anytime soon on nxt (if it al). It's really worth nothing if I can't trade it for something real.

Why would I buy any asset next month when it's live on real blockchain?

every gambling company in the world?
the mobile application company nxt?
a fiat gateway?
a cryptocoin gateway?

Eadeqa

hero member

Activity: 644

Merit: 500

Quote from: TwinWinNerD on March 22, 2014, 01:49:39 PM

What do you mean? Lets say I want buy pot. ( i take the risk of getting scammed).

Give me a solution to use either asset or digital goods infrastructure to do so.

There is no solution so far...

Ok, then I misunderstood "asset" exchange and I take everything back I said about it. You can have unique names all you want. It's crap and I doubt it's worth that much pages of discussion.

It's not going to do anything for nxt. It basically will encourage ponzi schemes. I issue an "asset" and tell you to buy it and sell it to next person for higher price. The next person buys it and sells it to next person even higher.

This is worth nothing unless I can trade it for something real.

Too many pages of discussion on something that will never pickup (not in the next 2 or 3 years)

congratulations on "not getting it". if all those pages of discussion weren't enough than only time will be able to sort this one out. some day you will "get it" you will just have to see the applications with your own eyes. (granted there will probably be 100 scams for every 1 legitimate use but thats neither here nor there, the 1% that are legit are going to change the world)

I don't believe any "legitimate" company is going to issue a "virtual" asset anytime soon on nxt (if it al). It's really worth nothing if I can't trade it for something real.

Why would I buy any asset next month when it's live on real blockchain? What exactly can I do with it?

TwinWinNerD

legendary

Activity: 1680

Merit: 1001

CEO Bitpanda.com

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 cumed on from behind.
Then you pay and immediately the network releases this picture to you. (don't know how yet)

it is trustless!

bitcoinpaul

hero member

Activity: 910

Merit: 1000