Sorry Ricky, you broke the rule about magically changing the NXT market cap much higher.

The sequence of events has to be:
1) big money comes into NXT
2) NXT becomes worth big money

By restricting to NXT trading, we limit the total  value of new assets coming into NXT AE to the market value of the NXT. The way people start getting astronomical (moon talk) when there is a 1 million NXT order, the amount of liquid NXT that wont change the market price much is LESS than 1 million NXT.

Let us say that we can be generous and just pretend a 1 million NXT order is routine. Let us assume NXT goes back to being worth 5 cents. this means that if more than $50,000 worth of assets comes into the market, it will start moving the price. If $500,000 comes in, it will dramatically move the price. If $5 million comes in, the price is doubled or tripled. If $50 million comes in, it goes up 100 fold.

Put yourself in the shoes of the person putting all this money. Your asset (whatever it is) has just depreciated 99% because of what you did. Of course, if you just issue the asset and nobody trades it for whatever reason, there wont be any effect, but there wont be any benefit either. The idea is for assets to come in and get traded to some extent, otherwise it is just "NXT A", not "NXT AE"

So if you wanted to sell $50 million worth of assets via NXT AE for NXT, when would you stop selling? When you started getting 80% of initial price? 50%? 10%? 5%? 1%?

The financial pain will be so great to anybody that tries this in spite of this math that they will be forced to stop. I would imagine around the 80% of initial price level.

Please, without using magic, tell me how anybody would sell $1 billion USD worth of assets for NXT. [Edit: keeping the price of NXT at 5 cents]

James

I guess ya gotta make a decision on whether NXT will appreciate most in value by expanding itself into the role of becoming the premier 1.0 currency or by restricting itself to the role of being a the premier 2.0 trading asset exchange.

Looks like ya can't have both....

Guess we need to decide for our mission statement if we are most interested in maximizing value to our NXT stakeholders or to billion dollar asset listers on our exchange.

Before NXT can have a $1 trillion USD market cap, it must have a $100 billion market cap
Before NXT can have a $100 billion USD market cap, it must have a $10 billion market cap
Before NXT can have a $10 billion USD market cap, it must have a $1 billion market cap
Before NXT can have a $1 billion USD market cap, it must have a $100 million market cap

OK, I think at one point NXT did have close to $100 million market cap. I want to have a REALISTIC path to the first lines of my response. I do not believe that finding a generous billionaire to pump in lots of money will happen unless I see pink unicorns outside my window. Just checked, no unicorns pink or otherwise.

So, what is more likely?

A) Pink Unicorns
B) Crazy billionaire
C) NXT supports non-NXT Asset trading and big money guys decide to test a decentralized exchange and we do everything we can to make sure it has good performance and value and more big money guys use NXT.

C) is a lot more boring and will take a lot longer than A) or B). I admit this. However, C) happens to be the only realistic path for AE to become worth billions of USD. That is by supporting the trading of trillions of USD worth of stuff.

NXT has other things that will add to its market cap, I am just talking about the market cap contribution of AE

James

There are enough reasons:

- Multipool started. Look at BlackCoin rates, they were driven to the sky because they we first PoS coin with multipool. But what so special about that coin? Imagine how high NXT can grow - it has 1000 times more potential, and I bet many miners who will start mining to sell NXT for a quick buck, will come to conclusion that it will be better to keep it. Also, if the pool will be paying 1-2 times a day, this will create nice rollercoaster graph (MP buying - price is up, miners chashing out - price goes down), that will attract daytraders

- Big stakeholder finally stopped cashing out. Now there are more stakeholders, and his coins are distributed among more people. He sold more then 1% of total coins amount as I can see, and the price was not affected dramatically, that shows great buy support.

- Buy walls are coming, and not too many sell orders, take a look https://bitcoinwisdom.com/markets/bter/nxtbtc And according to EMA we will grow long time)

- Much WOW features are coming. AE, new clients and many other interesting stuff. Also seems that activity of NXT promoters is increasing, so I strongly believe we'll see  a new price record in near future.

Unlike 99.9% altcoins, NXT creates a real investment opportunity, it's much bigger then army of pump and dump clones. Damn, and there are people who seriously call buying AUR, SPA etc "making an investment") I've made some money there too, but I am putting much more coins here, then even to hottest bublecoin. And the best thing is that NXT has potential for 1000s % increase, almost without any risk!

That is how multisig works. Usually none of the parties knows the others private keys.

I dont think I can divulge any details about this regarding NXT, yet

However I am pretty sure CfB used the magic word "multisig" in one of his recent posts

James

P.S. I agree that multisig will be a massively useful feature

Yeah, there are many reason that multisig will be huge once implemented.

For this specific idea, I understand regarding the unlocking part, do you know about the creating part?

As I understand it one person has to know all keys used originally to create the public key were held by one person or machine during the creation, then they disperse the private keys and are trusted to destroy them, right?  Or is it possible for the public key to be created in parts with no one person knowing the private key at any point in time?

No, it wouldn't be factorial, it'd be N(N-1) because every asset would have to know it's price relative to every other asset, there are N assets, each of which needs to be traded against N-1 other assets.. right?

I would still price them all in Nxt from a marketing and learning the value of a Nxt perspective..  no person can remember N(N-1) prices and figure out a base price from that mess.  If other currencies on their become popular, you can trade them based on their prices in those currencies.  But maybe they'll be 200 currencies on their that are popular enough for us to worry about pricing items against them?  I wouldn't include prices for every single alt coin for example.

But initially, yes everything must be denominated in terms of Nxt until we are bigger than Bitcoin.  Otherwise it's kind of like free advertising for them.

+ 1 Billion NXT