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"Buy Offer Confirmed Order Book" for shops ?
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Author Topic: "Buy Offer Confirmed Order Book" for shops ?  (Read 3615 times)

websioux

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"Buy Offer Confirmed Order Book" for shops ?
« on: March 15, 2016, 05:16:56 pm »

What would be the easiest to do that ? Semi controllable currency ? A no resell option on AE ?

I had this idea while I was watching a tv ad about a super cooking bot sold at 399 € with "a special tv offer" at 299 € (lucky you !!  ;D) .. Where I thought : "hey, I'd be ok right now at 150 €"   8) - But they will never know... 4 years ago a good friend of mine also told me that if he had the competences, he would launch Yabe : the reverse Ebay.. so I suddenly matched...

Think at this :

In the old times, people where trading for everything, seller asks for a price, buyer offers a lower price, time goes one, one changes it's offer or cancel it, this iterates until there is a match and while you have at least an offer on each side. This tradition still exists everywhere when big sale or concerned, and this occurs every second on every exchange for very tiny sales...

Why isn't it yet implemented for every goods and services sold online ?
I know why : because website designers copied the street shop model, which for reasons I don't really care (probably speed at the cashier)... discarded offering a voice to lower buy offers.

But, if we are promoting a deflationary system, then we should also promote solutions for symmetrical price discovery. Nowadays, in shop or online shop, the price discovery is only at the initiative of the seller who has one interest: maximize his profit. So he creates the liquidity (or the bank does..) and the buyers are only takers. On any coin or asset exchange both side have both role. They have opposite interest but symmetrical power.

In NXT, we already have the mechanism of an asset exchange, couldn't we have it adapted for SHOP sales ?

The difference with AE is that a buyer must not be able to resell what he just bought on this channel. Only the asset issuer, can place a sell order.
It looks like controlable MS with only issuer offering to sell but it also needs anyone to offer a buy !

As a seller, I'd love to know that I have a ton of confirmed orders that are just waiting me to accept them.
I do not know any symetrical price discovery tool for goods and services.. its crazy !

Every shop should work this way. They don't because they do not have the tech solution.

For a buyer, a buy order on a blockchain is really good, because they do not give the money to the seller unless he accepts the lower buy. The buyer can cancel it at anytime.

No smart contract here but a very strong marketing appeal ! The possibility to make a buy offer is worth the pain to buy some NXTs.

What do you think ? Can we do this already ? Or am I right when I think it is a matter of a new optional feature request for MS or AE ?
« Last Edit: April 20, 2016, 05:24:36 pm by websioux »
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blackyblack1

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Re: "Buy Offer Confirmed Order Book" for shops ?
« Reply #1 on: March 15, 2016, 05:47:16 pm »

This is a great idea to implement in the web store. And it actually work on Alibaba where you can contact the seller and ask for a discount.
I believe NXT AE is good enough for best price discovery. It works very similar to normal exchanges and ask and bids come to the trade price eventually.
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websioux

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Re: "Buy Offer Confirmed Order Book" for shops ?
« Reply #2 on: March 18, 2016, 02:14:14 pm »

This is a great idea to implement in the web store. And it actually work on Alibaba where you can contact the seller and ask for a discount.
I believe NXT AE is good enough for best price discovery. It works very similar to normal exchanges and ask and bids come to the trade price eventually.

Asking for a discount goes into the direction but it is not as powerfull as setting a buy offer where the seller only has to accept to get the money. And it is opaque while here we can be transparent.

Yes NXT AE is good but only for "things" that the buyer is legitimate to resell.
It seems that the only thing missing in NXT AE to do what I'm talking about is to restrict the ability to record asset sell order to the asset issuer only.  At least with this "limiting option", web apps could then be developed to offer such a service.
« Last Edit: April 20, 2016, 05:27:29 pm by websioux »
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Riker

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Re: "Buy Offer Confirmed Order Book" for shops ?
« Reply #3 on: March 18, 2016, 09:22:38 pm »

This is a great idea to implement in the web store. And it actually work on Alibaba where you can contact the seller and ask for a discount.
I believe NXT AE is good enough for best price discovery. It works very similar to normal exchanges and ask and bids come to the trade price eventually.

Asking for a discount goes into the direction but it is not as powerfull as setting a buy offer where the seller only has to accept to get the money. And it is opaque while here we can be transparent.

Yes NXT AE is good but only for "things" that the buyer is legitimate to resell.
It seems that the only thing missing in NXT AE to do what I'm talking about is to restrict the ability to record asset sell order to the asset issuer only.  At least with this "limiting option", web apps could then be developed to offer such a service.

Maybe you can use singleton asset for this ? Initially only the issuer can sell it since there is only one.
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websioux

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Re: "Buy Offer Confirmed Order Book" for shops ?
« Reply #4 on: March 18, 2016, 10:08:53 pm »

I'm afraid not because then the seller can not accept multiple orders of the same item.

« Last Edit: March 19, 2016, 09:58:30 am by websioux »
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