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Asset expiration date
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Author Topic: Asset expiration date  (Read 1253 times)

barbierir

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Asset expiration date
« on: May 17, 2014, 08:50:19 am »

I have a few questions:

-I suppose that once all shares have been sold, an asset disappears from the list, isn't it?

-Is it possible to issue an asset with an expiration date? So that at a certain point the asset disappears, even if not all shares have been sold.
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barbierir

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Re: Asset expiration date
« Reply #1 on: May 17, 2014, 08:54:44 am »

I mean a time limit to buy the shares, so that beyond it you cannot buy any
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bitcoinpaul

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Re: Asset expiration date
« Reply #2 on: May 17, 2014, 09:03:01 am »

- Assets never disappear

- Assets are tradeable between asset owners so what you want is the initial issuing being stopped at a certain point, right? The issuer can do this manually
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barbierir

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Re: Asset expiration date
« Reply #3 on: May 17, 2014, 09:36:08 am »

- Assets never disappear

Ok this makes sense, since they're in the blockchain

- Assets are tradeable between asset owners so what you want is the initial issuing being stopped at a certain point, right? The issuer can do this manually

I was only speculating about the possibility of a prediction market/betting site that makes use of the AE.

I make an example:
1) Let's say there's a website called Nxt.betting
2) Guy joins the website and creates a bet for the RealMadrid-Barcellona soccer match
3) He creates 10000 shares each for 1-X-2 results
4) For buying shares there must be deadline sometime before the match
5) Nxt.betting approves the bet and issues the shares on the AE
6) People buy shares until the deadline
7) After the match Nxt.betting distributes the Nxt from the losing shareholders to the winning ones, minus a fee

Perhaps this could be automated so that shares bought after the deadline are returned
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TimmyD

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Re: Asset expiration date
« Reply #4 on: May 17, 2014, 12:25:22 pm »

I could do with knowing this also. i want to issue assets that would expire say after 1 week of having them for a raffle of some sort?
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