- 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
