So I've been following cryptocurrency for almost a year now.
I have been mulling over an idea and thought it was time to release it to see what people think.
I don't know how this could be done, and not sure if it could utilize nxt due to high TF.
Now that there has been discussion about making coins built on top of Nxt I can forget about the high TF for now.

The idea..
Tying digital image (or any file or digital content) ownership to a colored coin via smart properties (that's my current thinking on how to implement)
This would give anyone that wants to copyright their content a way to stick it onto a secure, public ledger.
This is useful for stock images as they could set a smart property and give certain rights to someone that wants to use the image on their site.  The image or API or something would check the network to verify that there rights for the subuser to use the image like whenever it is shown on a website. Nxt is good for this especially with the transparent mining.

I don't know how this could be implemented, but there are something like a Trillion digital images produced every year with only a few being digitally watermarked by highly expensive services. I think cryptocurrency can solve this and make it very easy and cheap track the rights to one's content.

I know most would want to pay to use those images that are just floating around the internet.  Attaching some kind of address and/or smart property to an image can make it easy for those that want to do right by an original content owner and give them something, even if it's just a fraction of a penny.
So say you create a viral image that gets millions of views.
Right now that person most likely gets zero for it.
But if somehow all the servers and/or clients had an easy way to pay fractions of a penny to the original owner, that would make it easy for everyone to pay to use.

I don't know much about programming these days, but I think this could be a killer app if implemented correctly.  The cryptocurrency that it gets attached to could be the de facto for content rights management and payment.  This would seriously enhance the worth of the cc (cryptocurrency) that it is tied to by many factors IMHO.

What do you think?
sorry if you don't follow what I am getting at, basically it's some kind of DRM utilizing a secure, decentralized public ledger.

I have some NXT, BTC, LTC so I could send some to whomever takes this on to help the currency grow.

I agree, it's really a very good idea!

Well, we can set best equilibrium (max fee's volume: fee*txamount when max forgers + max users are happy) only by trying. Last time I recall majority agreed on 0.1 NXT per common tx (transf/msg). May be 0.1 per Alias too, but I'd prefer at least 10 NXT, and 1k NXT for Asset.

CfB,

Test NXT? 18232225178877143084

Also, is there a way (other than processing all blocks for all asset transfers) to find out who has how much of a specific asset?

It's profitable today. 0.18% ROI. With x NXTs, where x/100*0.18>costs u've profitable business already. And ROI% linearly depends on network activity. If someday thousands of people'll be buying coffee with NXT, I bet it'll grow in times vs today statistics. Banks're making a tons of money out of worldwide txs.

Nxt's doing nothing. Nxt decentralized and can't support any point of view. It's just a protocol.

And some Nxters can support, for sure. Some others can do anyhting else )

Pin, that's the good thing. Reasonable inertia = protection from social engineering attacks.

Well, I can answer only for myself: copyright and copyleft'd die in hell, information belongs to nobody, humanity knowledge'd be free to access along with human right to keep secrets So far not so much people'll agree with me, but I won't give up.

It's intresting idea.

Donations and request for paying for access (concerts, subscriptions, lectures and so on) can be used as reward for ideas/content generators. Not request for paying for information itself (with money or freedom: copyright, copyleft, patents). Revealed information can't be stealed and shoudn't be protected (trying to do it is useless and lead only to antiutopia) - it exists in general information field (Internet made this field united and awesome strong) after revealing (including malicious revealing).

By field I mean interconnected databases of all kind, including people's cortexes.

If I say: "I'm thinking about pink elephant. Please, don't steal my idea" What'd u do, huh? *cough* stealer 

My last handful of points before I get to go to bed, go to work, kids, etc....:

NXT is still doing well, especially if u look at the disaster zone that is the crypto market right now.

A core point of BCnexts slightly mysterious plan is that NXT needs to first succeed as a first generation crypto-currency (ie, buy stuff, trade, invest securely, transfer money) before it can then leverage that success to become a second generation currency (Asset Exchange, DACs, colored coins, games, secure blockchain storage, contract enforcement...etc).

I think that NXT is running ahead of itself, and we need to step back a little bit and concentrate on the first gen stuff for a while.
This doesn't mean dropping any of the work on the second generation features.
The guys developing all of the second gen stuff should absolutely carry on, but the rest of us should concentrate on these areas right now:

  Promoting NXT as an complete alternative to Bitcoin and it's clones. Different code, none of Bitcoins current issues.

  Getting merchants on board. Payment solutions. Sell stuff....

  More big exchanges, more trading. Cryptsy and BTC38, as priority.

  Network infrastructure/rewards for running nodes. Network statistics...TPS capacity?

If we can boost these first gen aspects of NXT, we will end up in a much better position to launch NXTs second generation features on an unsuspecting world.


Almost the last point: Buy stickers! Support NXTs merchant eco-system !
https://nextcoin.org/index.php/topic,4181.0.html


Really last point: I'm now serious about being a candidate for the NXT infrastructure committee:



Saved u the trouble, RJ.
So, yeah,  put me down as a candidate for infrastructure.
I'll post the reasons to vote for me (apart from my winning smile) on the committee thread after i get some sleep and go to work.....about 16 hours from now, i guess.



 

Who cares about the price? Only speculators do.

There's no way to get rid of volatility with today's range of volumes, everyone'd deal with it. Uptake volume - decrease volatility. There's no other way.

yeah, because I didn't really get the meaning of that part, my english is not good enough