Let's leave it as is to keep entry barrier high enough. To limit number of scam attempts.
Agreed - to incorporate in most countries is nowhere near as cheap as 1000 NXT.
Topic: NXT :: descendant of Bitcoin - Updated Information - page 196. (Read 2761645 times)
Agreed - to incorporate in most countries is nowhere near as cheap as 1000 NXT.
since we are doing non-unique names we may as well lower the price of issuing an asset down to the same price as any other transaction. (0.1nxt as it stand now i think right)
can anyone think of a good reason not to?
can anyone think of a good reason not to?
Let's leave it as is to keep entry barrier high enough. To limit number of scam attempts.
I really strongly think this is not right.
People are going to have to do research anyway before they buy and once they do it will be totally obvious which one is the legit one, it will be the one that they already own some of. alternatively inorder for them to feel safe buying with out doing research the asset will have to be well established. In this scenario the barrier to entry cost would actually be relatively insignificant compared to the costs associated with artificially generating that credibility through having huge amounts of fees payed to miners through the buying and selling of your asset.
im really quite certain that, considering the recent change to the conditions, the benefits gained from having a vibrant ecosystem of tokens would outweigh the cost of potential scammers, especially since people will need to take basic precautions against scammers anyway no matter what the issue fee.
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?"
Anyone notice the bottom of Faircoin's about page?... 
http://fair-coin.info/#about
Edit: Faircoin: Your slander is bad, and you should feel bad.
http://fair-coin.info/#about
Edit: Faircoin: Your slander is bad, and you should feel bad.
since we are doing non-unique names we may as well lower the price of issuing an asset down to the same price as any other transaction. (0.1nxt as it stand now i think right)
can anyone think of a good reason not to?
can anyone think of a good reason not to?
Let's leave it as is to keep entry barrier high enough. To limit number of scam attempts.
+1
since we are doing non-unique names we may as well lower the price of issuing an asset down to the same price as any other transaction. (0.1nxt as it stand now i think right)
can anyone think of a good reason not to?
can anyone think of a good reason not to?
Let's leave it as is to keep entry barrier high enough. To limit number of scam attempts.
Good idea, especially at start.
since we are doing non-unique names we may as well lower the price of issuing an asset down to the same price as any other transaction. (0.1nxt as it stand now i think right)
can anyone think of a good reason not to?
can anyone think of a good reason not to?
Let's leave it as is to keep entry barrier high enough. To limit number of scam attempts.
since we are doing non-unique names we may as well lower the price of issuing an asset down to the same price as any other transaction. (0.1nxt as it stand now i think right)
can anyone think of a good reason not to?
can anyone think of a good reason not to?
meanwhile price nxt:
Next time u should be more clear. I googled ur pic trying to get what u meant and found this:
Wait, I was an hour away and we have a new board and this thread is finished soon? This is sad. And great. And sad.
This thread is not finish soon, just move issue that always comming back. Like asset name issue. You can still brainstorm here, but when discussion is mix in 2500 pages, eventually, it is lost. And people is keeped in a infinite loop
.
Wait, I was an hour away and we have a new board and this thread is finished soon? This is sad. And great. And sad.
Hi,
can I have some testnxt?
12363381624583325837
Thanks
can I have some testnxt?
12363381624583325837
Thanks
meanwhile price nxt:
youre right. that is impressive
There is no reward - the wrongdoer is simply forbidden to forge for quite some time (this I mean by "penalty"), and the procedure is repeated (immediately or after a few blocks).
Reward == to be able to forge a lot of blocks in a row.
If the math model works (=enough randomization), this won't happen anyway, for probabilistic reasons. Then, if the bad guy decides to cheat this randomization procedure, for each attempt to do so he would have to sacrifice one of his top accounts, while gaining absolutely nothing for it (because the procedure will be repeated soon, and one of his top accounts is unable to forge).
meanwhile price nxt:
I think I see the jest of what you are saying. By using unique assets, it allows for consistent and non-unique seller ID's; which make it easier to cross reference and verify who the seller is. The asset ID is unique and doesn't matter as there will be a label for the asset that will be non-unique, and anyone selling Bitcoins can ID there asset with any unique ID and label it as Bitcoin, and the label will be what is referenced to ID the asset to buyers.
Yes - am glad that you *get* the point.
Scamming is always going to happen but "helping scammers" by "denying real companies to use their own names" is not what I think Nxt wants to be about (if it has any chance at all to appeal to "legitimate business").
The controversy is in whether or not the listed asset names should be unique to one issuer, or if whoever issued an asset could call it what ever they want.
And the controversy has been answered in that it is no different to a Bitcoin address.
Do you just send money to 1MSFT first bits?
Of course not - you'd do your "due diligence" by going to a company's "official website" (in HTTPS) and find where they have the Bitcoin address for you to "copy and paste".
If you guys think it is a good idea that we should spend days and days discussing everything like this in circles then fine - but please understand that the "real work" that needs to be done (which depends upon things like this) just gets *delayed* and *delayed* (probably *exactly* what Ethereum and others would be *very keen* to see happening).
I agree fully. Due diligence is the key really. Verifying who you are buying from is more important than what they call their asset. As long as there is a way for this to happen, that would be best.
I think I see the jest of what you are saying. By using unique assets, it allows for consistent and non-unique seller ID's; which make it easier to cross reference and verify who the seller is. The asset ID is unique and doesn't matter as there will be a label for the asset that will be non-unique, and anyone selling Bitcoins can ID there asset with any unique ID and label it as Bitcoin, and the label will be what is referenced to ID the asset to buyers.
I am with ya
What would guarantee its universal acceptance? If trading anything on the network for USD's is allowed the only guarantee is that NXT will be the currency that fees are charged in. I think this would only serve to make the NXT currency less accepted and less in demand. I agree that NXT should have to compete for dominance, but as a platform on a whole; and the base currency of that platform should not be undermined by allowing other currencies that level of influence within the platform.
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.
Good Morning Nxt community! This forum was a little unreliable last night; 502 Bad Gateway Errors from this forum. Now it seems to be under full attack by spammers and trolls. The price action and volume of NXT over the last few days has been impressive, showing that the smart money has moved into NXT. The Nxt community will continue to innovate at the edges of the network. Move the leading edges of Nxt communication from this forum please; post where you are headed if you want.
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