Post
Topic
Board Announcements (Altcoins)
Re: NXT :: descendant of Bitcoin - Updated Information
by
2Kool4Skewl
on 19/02/2014, 08:51:44 UTC
I believe only two new api calls would be required.  One api call to give trust and one api call to remove trust.
- very strange idea about the trust in the decentralised anonimous network...

Trust noone - this is a very important principle. Nxt doesn't rely on trust ...

What about a loan-coin on top of Nxt. With subprime mortgages and all the financial stuff Grin

edit2: Or is this asset stuff?

This is AE stuff.  We are basically talking about making all assets loanable.

If you purchase an asset on the AE, you are trusting the issuer.  This is true until the autonomous gateways/exchanges start.

I agree with BCNext.  NXT's core shouldn't rely on trust.  Trusting your friend or neighbor with money is not what he meant, imo.