Let me answer this little kid:
Answers are in red, btw.
The asset exchange was launched 2 months ago. Initially you could open your wallet and view the listings. One week after launch the whole asset market was "hidden". If a newbie open that wallet, he / she will see a big white blank page. Right now if you want to trade an asset, you need to know the offer ID, and manually add the asset to your account.
Right now, after 8 weeks, only 40 assets have a trading volume over 0. Investors moved quickly sending the NXT price 50% down in only 7 weeks. Asset exchange FAILED.
Hiding the market killed the whole ideea. For a new issuer, the asset exchange is USELESS. Unless they start a huge advertising campaign. But they are on AE to rise funds not to spend money.
Why the heck did you killed the asset exchange 7 days after launch ? LOL
Are you going to do the same with digital good store. Just hide it ? LOL
How can an artist sell anything when the price of NXT can drop 10% overnight ? because it can also go 10% up overnight.
GUI doesn't allow you to do multiple price changes in the same block. If you have 120 items, you need to wait 120 blocks (2 hours) to change the price. And then, you have to start over because the price of NXT just dropped 5%.
-How can an artist update the price for ...10.000 songs every day ? LOL
-Why are you launching badly designed and incomplete products ? Because i wanna.
Seven people hold 90% of coins. They have received the coins almost for free. What is going to happen when one of them dump his / her stake ? They were for free. Price doesn't matter. THEY HAVE ALREADY DUMP THEM, those fuckers
Right now, after 8 weeks, only 40 assets have a trading volume over 0. Investors moved quickly sending the NXT price 50% down in only 7 weeks. Asset exchange FAILED.
Hiding the market killed the whole ideea. For a new issuer, the asset exchange is USELESS. Unless they start a huge advertising campaign. But they are on AE to rise funds not to spend money.
Why the heck did you killed the asset exchange 7 days after launch ? LOL
Are you going to do the same with digital good store. Just hide it ? LOL
How can an artist sell anything when the price of NXT can drop 10% overnight ? because it can also go 10% up overnight.
GUI doesn't allow you to do multiple price changes in the same block. If you have 120 items, you need to wait 120 blocks (2 hours) to change the price. And then, you have to start over because the price of NXT just dropped 5%.
-How can an artist update the price for ...10.000 songs every day ? LOL
-Why are you launching badly designed and incomplete products ? Because i wanna.
Seven people hold 90% of coins. They have received the coins almost for free. What is going to happen when one of them dump his / her stake ? They were for free. Price doesn't matter. THEY HAVE ALREADY DUMP THEM, those fuckers
Answers are in red, btw.
LOL, LOL, because it can also go 10% up overnight, LOL, Because i wanna....
I hope you are not the NXT PR guy...
))Anyway, "because it can also go 10% up overnight" - in this case, the customer will have to pay 10% more for a song that can be bought for 10% less using a credit card in less than 2 minutes. It doesn't matter where the price is going. The artist will have to update the prices, 1 item / minute. In case the merchant doesn't update the prices fast, those are the options :
1. The merchant looses money.
2. The merchant has zero sales.
LOL