Re: [ANN][GNT] Golem Project - The world’s most powerful supercomputer
Did you know, that "legit is a relative attribute"??
So are THESE Golems legit or not? I have lots of these Golems, so do I own Golems or not?
Posting from HEAT thread:
"Legit" is a relative attribute. In free markets legitimacy is defined by trust. In the Decentralized HEAT Asset Exchange, to ascertain legitimacy to a reasonable degree, you'd be good with either:
- "Certified" green tag in asset info (wasn't available in early phases) which means Heat Ledger Ltd or its approved partners have issued the asset. If you trust Heat Ledger Ltd to back up the asset, you can trust assets having this tag.
OR:
Knowledge about the issuer of the uncertified asset, the asset's function, its trustworthiness, issuer's reputation, or conclusions of the details provided by asset issuer when you click on the More info button. The NXT AE and Openledger are based on this mechanism so it really isn't such a big deal, but I agree providing the central authority certification (as well as operation of the main cryptocurrency gateways) is a really nice extra and helps a lot in usability. It's one of HEAT's Unique Selling Points when we begin to roll out the Asset Exchange in larger scale for the numerous different parties of interest in the cryptocurrency and decentralized asset sphere.
In the example image the HEAT asset (coin) is certified by Heat Ledger Ltd, whereas the GNT token is not certified, not vouched for, and largely unknown to Heat Ledger Ltd. Trade such pair at your own risk and due diligence.
So are THESE Golems legit or not? I have lots of these Golems, so do I own Golems or not?
Posting from HEAT thread:
Ty for explaining , in that case how can we be certain that an asset is legit or not ?
"Legit" is a relative attribute. In free markets legitimacy is defined by trust. In the Decentralized HEAT Asset Exchange, to ascertain legitimacy to a reasonable degree, you'd be good with either:
- "Certified" green tag in asset info (wasn't available in early phases) which means Heat Ledger Ltd or its approved partners have issued the asset. If you trust Heat Ledger Ltd to back up the asset, you can trust assets having this tag.
OR:
Knowledge about the issuer of the uncertified asset, the asset's function, its trustworthiness, issuer's reputation, or conclusions of the details provided by asset issuer when you click on the More info button. The NXT AE and Openledger are based on this mechanism so it really isn't such a big deal, but I agree providing the central authority certification (as well as operation of the main cryptocurrency gateways) is a really nice extra and helps a lot in usability. It's one of HEAT's Unique Selling Points when we begin to roll out the Asset Exchange in larger scale for the numerous different parties of interest in the cryptocurrency and decentralized asset sphere.
In the example image the HEAT asset (coin) is certified by Heat Ledger Ltd, whereas the GNT token is not certified, not vouched for, and largely unknown to Heat Ledger Ltd. Trade such pair at your own risk and due diligence.