No - it isn't a "separate" market - an AT is just an "escrow" using the existing AE system.

As I said - "you can already do this" using the Asset Transfer feature - you just need an "escrow" in between (or have to trust each other).

If people are so concerned with this then what they should be asking for is the *removal* of the Asset Transfer feature.

Certain AT programs could allow AE users to place options contracts like puts and calls based on trading pairs in the AE.

EDIT: other AT programs could provide annuity payments from blockchain based assets.

Jack, your analysis of too many trading pairs is mathematically sound insofar as it's THEORETICALLY POSSIBLE that the scenario you describe would happen, but you ignore human behavior and examples of markets that exist in reality.

Let's pretend the USA released its control over the oil markets and oil could now be traded in something other than USD.

Do you really think the markets are going to be flooded with "too many oil markets?" Oil Wheat, Oil pork bellies, oil silver, oil gold, oil USD, oil Euro, oil copper, oil cement, oil ethylene oxide, oil cocaine, oil soybeans, oil yen, oil iron, oil corn, oil orange juice, oil lumber

Yes...they are all theoretically possible, and in effect, that's what you are so worried about. Hopefully you understand how silly it looks when you see it listed that way.

No, even if oil were not forced to be traded in USD (akin to you insisting that everything be priced in NXT), there would be maybe 3 major oil markets

OIL USD
OIL EUR
OIL CNY
And maybe OIL JPY (Yen)

These 4 markets would be patronized by whatever was most convenient for the participating traders. A trader in Europe would rather bargain in Euros than dollars.

All the other tiny markets (E.g. oil orange juice) would be specialized to unique players and would constitute a tiny fraction of the trade that happened. The rest of the world could safely ignore them entirely.

YOU DON'T HAVE TO WORRY that there will be 5000 asset pairs reducing liquidity. Your Nxt client will filter out those asset pairs of small liquidity, and you'd never even see them. If you own an orange tree farm and want to trade orange juice for gold or oil, then you will have to go looking for that info. It would probably be easier, though, for you to sell your oranges for one of the "top tier" currencies, and use that currency to buy your oil.

Let the market work.

Let people do business however THEY see fit.

Do not try to force people to use YOUR favored currency. That is behavior suited for governments.

NXT will succeed, IF we empower people to do business in THEIR preferred way.

+1 Could not say it better. I think that too.

AT is basically an Nxt account that is a "computer program" (which was created with a "Turing complete" instruction set).

I say *basically* because it most likely won't have "all the same abilities" as any "normal" account (and can't use the *real* Nxt API as it is "sandboxed" to using the Nxt AT API).

I think Ethereum's focus on "contracts" is somewhat limited which is why I created the "lottery" use case.

are we forking? or is mynxt.info off the chain?

I got 3 emails from mynxt.info tonight saying I had forged blocks.. that can be right. two with payments and they don't show in the explorer..

I have 1 empty bottle of wine will trade for 2 aspirins.

empties are worth 10¢

I just mean there is no mining in Nxt.
So why and how use these hash power of specialized rig for Nxt mining? principle?

Keep in mind this is also one reason that big companies aren't going to start accepting Bitcoin soon, Amazon does 4.9 billion dollars in sales, now people would have to start buying Bitcoin's, Amazon would accept them, and use Bitpay to dump them back onto the market.. maybe there would be an equilibrium but I actually think that the price would start going down.. 9 times out of 10 people aren't going to buy Nxt just to use them to purchase an item at Amazon but if you buy something at Amazon, they'll dump Nxt onto the market.  So unless people refill their wallets for everything spend, the price will actually start going down.

Us Nxt as a platform to facilitate transactions in a currency better suited to grow or keep a more stable value, and the price stays fairly even.  I actually have an idea in mind for a perfect currency to run on top of Nxt that would be more stable and more trusted by both sides to retain it's value.

Nxt still maintains it's value and it's valuable because you buy Nxt to run services that require the forgers be fed.  Anytime a transaction goes through, you have to at least own enough Nxt to feed the forgers, so you have to own Nxt, say everyone buy $50 worth, enough to send a NxtTxt, you could still hold onto Nxt and at time of purchase convert it to the currency running on top of Nxt to be held by the party on the other end, you need to pay in Nxt anytime you use a Nxt smart contract.  

And you do still make sure that Nxt can be used for purchases.