Post
Topic
Board Altcoin Discussion
Re: Transparent mining 2, or What part of Legacy should be left behind
by
Isildur23
on 11/02/2014, 15:54:53 UTC
But isn't this the natural way for things to happen? I mean it's not like following somebody's plans. It will happen naturally, big businesses will be built on top of Nxt and they will take care of it and supprot it with forging, while fees will be lowered and there won't be people who forge "for the sake of forging". Coins will be issued backed by Nxt and will play the role of means of exchnage, but Nxt will still be something like a reserve currency. I thought this evolution was inevitable. Is this what BCnext meant or i didn't understand it?

Seems u r right.
After the test of Asset Exchange
here is a workable scenario:
1. bter,dgex,btc-e, issue asset like :BTC, LTC, Dogecoin etc. backed by Nxt
    if issue 1BTC(token) , 20000 nxt have been locked.
2. someone want to sell nxt for btc etc, place bit order, if match the ask order, then btc(token) is transfered to receiver account.
3. more and more can place ask order with btc, etc.

1. because bter,dgex,btc-e are reputable, so you can trust them
  you can deposit your btc,ltc for btc token.
  or can withdrawl them.

We already have something like this: https://bitcointalk.org/index.php?topic=453935.msg5079581#msg5079581