Quote from: Vlad2Vlad on June 03, 2014, 09:09:35 PM

Then why does the "asset" require trust and the meta-coin is trustless?

--> An asset requires trust because it has to represent something of value. So let's say you bake in the requirement that you need the meta-coin to be able to make an exchange. Then it automatically has a utility and is valuable. But why the hell will you do that when you can just require IXC fees are required to perform a transaction. Why create yet another coin?

I think they're the same in principle but with different functions.

This may be where the confusion is.

Answer this:

Doing it the way Jamaer suggests, would that allow 1,000 other people to also tag their assets onto iXcoin's blockchain for security, or not?

--> Don't know what you mean. This is all happening in the IXC block chain, so all the assets are equivalently secure. Every asset here is *more* secure than almost every alt-coin in existence. More secure than LTC, DarkCoin, BlackCoin, DogeCoin etc.

Cause that's what I'm sensing. Jamaer's solution sounds more secure in that there's some hard coded guarantee of say 21 million coins where with the asset solution some scammer can decide to print more "assets".

--> Print more assets? If you lock your asset, you can't print more than what was issued.

So then of this is the case, it's a choice between trustless security and free markets flexibility. And I would choose free market flexibility - and basically become the ebay of crypto assets: selling security space on the iXC BlockChain and letting the buyer buy the user "assets" which they choose to trust.

--> Why the hell do you want to create yet another coin inside IXC that does nothing? Unlike CounterParty... we are going to set it up so that different fees are required per operation. So if you issue assets, you pay IXC proportional to the asset. If you make a bet, you pay IXC to make a bet. If anything... there would be a pegged metacoin to IXC (This will allow refunds). Maybe that is version 2, or allow anyone to *burn* IXC.

Edit: Now I'm beginning to understand the meaning behind: Internet eXchange Coin.

A crypto ASSET exchange market.