Allowing the issuance of assets with the same name will most probably hinder us to sell our assets on the Nxt AE as we don´t want to have anyone creating assets with the same name as ours. We will work hard to get our shit together and to convince the community that our shares are worth buying, but if anyone can come and issue assets with the same name, we will most probably not use Nxt as scamming would harm our reputation, too.
EDIT: I am talking about a real life project we would like to fund using Nxt.
if we have a verification system there should be no issue, right? (with non unique names)
Well, I thin kthat the average user will go after the name...
I see some discussions between friends:
"I bought ABC shares on Nxt"
"Really? Cool! I will also buy one when I get home."
"But take care as there are hundreds of shares with the same name..."
This IS confusing..isn´t it?
Anyway, looking forward to the decision of the wise counsel.
Is it?
On many places where stuff is exchanged there are multiple items with the same name, but issued by different users.
As long as it is distinguishable that both items are issued
by different users, there is no problem.
Non-unique names should not be a problem as long as it clear they are from
different users.
To use ripple as an example once again they have Bitstamp BTC, Peercover BTC etc. Don't see why that's an issue. It provides arbitrage opportunities and allows buyers to shop around for the best price on the exchange.
However, Ripple only charges an infinitesimal transaction fee (for spam prevention only, not rewarding "forgers", which allows these centralized exchanges to set their own fees. In Nxt, if any similar exchanges wanted to use Nxt in this way, traders would either have to pay both Nxt's fee and the Exchanges fee. Therefore Nxt has pretty much eliminated the motivation for centralized exchanges to use Nxt at all. Unlike XRP, NXt comes preloaded with lots of friction.
We're basically left with individuals selling "shares" in their companies. I'm starting to envision a future where the Nxt platform looks like bitcointalks' alternative currency section. Lots of noise, confusion and scam artists hawking digital penny stocks.
