Essentially when you deposit BTC to the Multigateway it will be sent to you as the mgwBTC asset. You can trade that on the NXT asset exchange... but only BTC/NXT. If you want to convert it back to BTC you can use the multi-gateway again.

However, if you want to convert BTC to say DOGE, you can sell your BTC assets for NXT, then buy DOGE assets. Then if you want you can use the mgw to withdraw the Doge to your Doge wallet.

So, basically the NXT AE with the addition of the mgw becomes an exchange where you can trade any supported mgw coin with NXT rather then BTC that you would use at say BTER.

absolutely.

Exactly. As a first step we will have Smart Contracts that is way easier to implement and after that Automated Transactions to give everybody the flexibility and right to create new features.

That one is really cool! 

That's the first "IF".  It took a literal decade plus to get all the bugs in Java and C++ worked out, and to educate a generation of developers to program in that language.  Who is going to program in Ethereum, to bring all the "flexible stuff" you want, if nobody is versed in the language?  


"If" Ethereum comes out.. what then?  Maidsafe barely grew any capitalization beyond its' IPO.  Mastercoin, which was the first grand IPO, is now a dying stagnating coin.   Ethereum is stuck being this ponzi scheme ran by a few wealthy investors that will likely just stagnate.  There's no incentive for subsequent investors to come in.  

Vitalik and the Ethereum crew get nervous and/or refuse to answer questions when other 2.0 coins are mentioned.  I bet even NODE is better than Ethereum, LOL.

Ethereum being PoW PoS hybrid (emphasis on the former) technically makes it a generation 1.5 coin in my book, even with the new 'programming language' that probably won't be put to much use until 10 years down the line.

Taunsew your cool. We should be friends

Hi All,

I want to register on nxtforum.org. But I don't get a confirmation mail,  I've tried with different mailprovider/adresses.

I would like to contact an Admin via PM, is a nxtforum admin on this site ?

cheers

MW

 

Please contact me with your details, and we'll sort it out

That was all that matters?