Nxt has had this for months.. don't understand why it's anything special.. start an asset and try to get people to agree it's worth $1 each.. ShortNxt basically does exactly this.
Yesterday I was thinking looks like a bubble about to form and bought.. today, I say sell. It's a bubble.
I think it's the rumor about Ethereum and when people realize that Ethernet isn't interested in a partnership and that one way partnerships don't work.. they'll dump.
I have read very little about nxt but after skimming through what they are doing the is
in there system anyone can create a asset like ours....checktheirs is backed by trust and reputation........ours is backed by btsx which is held a collateral, (worth noting this is currently $39,758,297 worth of collateral)
The amount of collateral is determined by the market peg that comes from feeds sent to delegates then broadcast through out the network
The one in bold is really the super important one for me.
The great part is as the system is used it should be self feeding with btsx being worth more and thus raising the total amount that the market can support in assets.
Please correct or scold me where necessary