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Feature Request - listing NXT Marketplace items for sale priced in NXT Assets
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Latest Nxt Client: Nxt 1.11.15

Author Topic: Feature Request - listing NXT Marketplace items for sale priced in NXT Assets  (Read 1239 times)

CryptoDaytrader

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    • SafeHarborAssets

We need the ability to price goods and receive payments in NXT Assets rather than directly in NXT.  This will allow NXT to float freely vs. fiat currencies and also allow merchants to post items for sale without having to constantly update the price.   When asset issuers mature and are able to consistently keep NXT Assets pegged to USD, for example, merchants can list items for sale in USD Asset and expect to ultimately cash out a consistent amount of $$$ for the sales, no matter what the price of NXT is relative to US dollars.

Market makers will be needed keep a fair ratio on the USD Asset/NXT rate, but as long as the spread is low, the additional transaction costs will be low compared to the amount of trouble it can be to adjust prices for items in NXT continually.

Please read more about this concept at  safeharbor-assets.com/1852.htm where I describe my plan to peg the "safeharbor" asset to the price of gold.  The same process can be applied to other asset types.
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Neomadra

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seems like a good idea. Maybe this can be done in future versions.
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AssetManager

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This is a fantastic idea. What change would be required to the nxt source? I imagine this would be fairly complicated?
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