Quote from: impulsecorp on July 01, 2014, 01:10:13 PM

I posted a few days ago about how difficult it was for me to buy a Counterparty asset (see https://bitcointalk.org/index.php?topic=395761.msg7583587#msg7583587 ), and I ended up giving up and not buying it at all. And, I have owned my own Internet business since 1995 so I am not a newbie.

I am not trying to say bad things about Counterparty, I am just trying to help give suggestions to improve it, so in that spirit yesterday I setup an online NXT wallet at
secureae.com and transferred $1 in BTC from my Coinbase account to it (by sending it to the Bitcoin address they gave me). Secureae.com automatically converted my BTC to NXT and the NXT just showed up in my secureae.com account without me having to do anything.

I then went to trustyourassets.com (NXT also has an official exchange with a lot less listings at http://www.nxtcommunity.org/nxt-asset-exchange ) to see a list of available assets I could buy. I sorted by the Dividend column, so it would only show me the ones with dividends, since those are the only ones I was interested in (Yes, I know NXT is still working on getting their dividend payment system working correctly but it sounds like it should be done soon). I then went back to secureae.com and did a search for each of the assets I wanted to buy (it would have been easier if trustyourassets.com had a Buy Now type link that would automatically open the asset's page in my secureae.com wallet, or at least if secureae.com had a bulk search feature so I could match a large list of assets). Since I only had $1 to spend, I only choose to buy assets that were very low priced, so I could get several different ones with the $1 I had. I submitted Buy orders for each of the assets as the market price and within minutes all the assets showed up in my wallet (at secureae.com):
My Assets
Asset    Quantity    Total Available    Percentage    Lowest Ask    Highest Bid    Value in NXT    Transfer
JAFFA   1   1'333'333   0.00%   0.4   /   /   Transfer
KGallery   4   1'000'000   0.00%   0.25   /   /   Transfer
nXtGenKHS   1   250'000   0.00%   2.5   1.51   1.51   Transfer
Supercell   2   10'000'000   0.00%   0.569   0.4   0.8   Transfer

I also placed a few Buy orders below the current asking price, just to see if they ever get triggered (so far they have not):
Buy Orders
Asset    Quantity    Price    Total    Cancel
Coinomat   1   2.01   2.01   Cancel
NxtAT   100   0.008   0.8   Cancel

Unlike, with Counterparty, all of this was very very easy to do, just like using any other online service (Paypal, an online stock brokerage, Amazon, etc.). Also, it very clearly stated there was a 1 NXT fee for each transaction. And, when I was done I could easily see what I had bought and any open orders. My only suggestion would be that when it lists my assets, it should also show what price I bought them for, and the total value of my portfolio of assets.

I know Counterparty has some advantages over NXT, especially when it comes to paying dividends, so I am point out all of these issue to try to help make Counterparty better.

- Eric

Thanks for the feeback. As I understand it, the NXT asset exchange was easier to use for three reasons:

1) Buying NXT could be done by sending BTC to an address.

2) There exists a website where you can easily see a list of existing assets.

3) The trades were completed quickly.

1) and 2) are not handled by the protocol, they are just external services that no one has yet set up for Counterparty. Moreover, I know that we have people that are currently working on them right now. With regard to 3), I can say that your trades with Counterparty would have been completed very quickly, too, if you used XCP, Counterparty's native currency, instead of BTC, to make your trades. Because of 1), Counterparty users are inclined to buy assets with BTC rather than XCP, which is much slower. Of course, NXT could never support trades with BTC.