Re: [NXT] Decentralized Asset Exchange Discussion Thread
In my mind I have another approach for trust, not using any rating system, using some "permanent account" to act like escrow.
1. Jon wants to sell "asset" for Sue for 100NXT
2. Jon push "sell", asset goes to "permanent account"
3. Sue push "buy", 100 NXT goes to "permanent account"
4. If both things arrived to "permanent account" then this account sends 100 NXT to Joe and "asset" to Sue.
"Permanent account" is only for naming, can't find better description for now
Does it sound stupid? Yes, but how would you implement this for real world items. When Jon pushes "Sell" he can't send 10 ounces of bullion through the internet, for example. This could be a decent way to send/recieve other cryptocurrecies, but who has the access to the escrow account in order to send the received BTC when Sue pushes "Buy", for example? It could be done for some things like other cryptos, but how do you make it p2p and secure? Real world commodity trade may be difficult with this approach.
OK, this questions are for devs
That was only conception.