Quote from: 2X84 on January 02, 2014, 07:14:02 PM

Quote from: utopianfuture on January 02, 2014, 07:09:32 PM

Quote from: xibeijan on January 02, 2014, 07:02:03 PM

Quote from: smaragda on January 02, 2014, 06:51:26 PM

Quote from: xibeijan on January 02, 2014, 06:43:47 PM

Seriously, how do you think the one party who is allowed to be the BTC/NXT gateway will price his/her services? With no competition the NXT exchange, as a whole, could very likely suffer from monopolies on assets like BTC, USD and gold.

One party will pay 1000 NXT to issue an Asset within the NXT Asset Exchange, which will be a BTC/NXT gateway.

Another party can also pay 1000 NXT to issue a DIFFERENT Asset within the NXT Asset Exchange, which can also be a BTC/NXT gateway.

Either you and the others raising these concerns have a misconception of what an Asset is OR I need to do a lot of homework!

Fair enough. Thanks.

smaragda is correct. Anyone can be BTC/NXT gateway if he wants. Actually I would rather have mBTC/NXT gateway. Just one more thing, it would be extremely difficult to get a market going. Ripple has been here for years with huge backing and it is going no where. Regardless how many BTC/NXT gateways are there in NXT asset, I for one would be extremely difficult to be persuaded to buy one BTC from you. If want BTC I would rather go for the real thing at coinbase or BTC-China or bitstamp.

I would definitely buy virtual high performance CDs though Wink

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Wait until you win big and the issuer defaults