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Different currencies in AE
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Author Topic: Different currencies in AE  (Read 1793 times)

superresistant

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Different currencies in AE
« on: June 04, 2014, 09:22:19 am »


I am not sure about it, I would like some enlightenment.

Is it possible or planned to use and other currencies than Nxt in the asset exchange ?

Can we trade asset between them without going through NXT coins ?

How to do ?
« Last Edit: June 04, 2014, 09:25:22 am by superresistant »
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Come-from-Beyond

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Re: Different currencies in AE
« Reply #1 on: June 04, 2014, 09:54:53 am »


I am not sure about it, I would like some enlightenment.

Is it possible or planned to use and other currencies than Nxt in the asset exchange ?

Can we trade asset between them without going through NXT coins ?

How to do ?

NXT backed currencies r supposed to be added as "legal tender" to all features of Nxt - Asset Exchange, Digital Goods Store, etc. This is essential part of Antideflation element of Nxt concept. Without it Nxt can't reach world-wide adoption.
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bob_ggg

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Re: Different currencies in AE
« Reply #2 on: June 04, 2014, 05:02:44 pm »


NXT backed currencies r supposed to be added as "legal tender" to all features of Nxt - Asset Exchange, Digital Goods Store, etc. This is essential part of Antideflation element of Nxt concept. Without it Nxt can't reach world-wide adoption.
Is there any additional information about this backing? A while ago I suggested to introduce contracts meant to reduce the fluctuations of NXT vs. fiat. You propose a different approach as far as I can understand.
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kodtycoon

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Re: Different currencies in AE
« Reply #3 on: June 04, 2014, 05:48:46 pm »


NXT backed currencies r supposed to be added as "legal tender" to all features of Nxt - Asset Exchange, Digital Goods Store, etc. This is essential part of Antideflation element of Nxt concept. Without it Nxt can't reach world-wide adoption.
Is there any additional information about this backing? A while ago I suggested to introduce contracts meant to reduce the fluctuations of NXT vs. fiat. You propose a different approach as far as I can understand.

will we still get rich? :P
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Come-from-Beyond

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Re: Different currencies in AE
« Reply #4 on: June 04, 2014, 06:23:52 pm »

Is there any additional information about this backing?

Check https://nxtforum.org/monetary-system/
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Come-from-Beyond

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Re: Different currencies in AE
« Reply #5 on: June 04, 2014, 06:26:08 pm »

will we still get rich? :P

Switching to Antideflation is planned to by done at point when Nxt market capitalization will be worth the capitalization of 21'000'000 BTC (1'000'000x increase comparing to the initial price), but this is only a plan...
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msin

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Re: Different currencies in AE
« Reply #6 on: June 04, 2014, 09:28:54 pm »

Switching to Antideflation is planned to by done at point when Nxt market capitalization will be worth the capitalization of 21'000'000 BTC (1'000'000x increase comparing to the initial price), but this is only a plan...

Is this a hint at BCNext's final project?
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Come-from-Beyond

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Re: Different currencies in AE
« Reply #7 on: June 04, 2014, 09:32:01 pm »

Is this a hint at BCNext's final project?

No. It's the last key element of Nxt. It's vital for sustainability of Nxt.
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msin

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Re: Different currencies in AE
« Reply #8 on: June 04, 2014, 09:50:20 pm »

Is this a hint at BCNext's final project?

No. It's the last key element of Nxt. It's vital for sustainability of Nxt.

Accomplished via Monetary System?
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Come-from-Beyond

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Re: Different currencies in AE
« Reply #9 on: June 04, 2014, 09:54:12 pm »

Accomplished via Monetary System?

Yes, mainly.
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