ID SYMBOL NAME DESCRIPTION ISSUER ISSUED SUPPLY
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24 IFTN If-Then-Coin A super coin with If then algorithm invented... tbkmcjl 1.00 % 1. IFTN
26 NOK Norwegian krone 1 Norwegian Krone norge 0.00 % 0.0000 NOK
28 STAR Star Massive, luminous sphere of plasma held toge... bitcoiners 0.10 % 1,000,000. STAR
I have some concerns about user-issued assets:
Q: What is the point of them? They can be issued 0-100% at any time so what gives them any value?
Q: What happens when assets are created with illegal/offensive names?
Q: Will we get a voting process to delete offensive assets or ones that no one cares about anymore?
Check out these spammy specimins:Code: [Select]ID SYMBOL NAME DESCRIPTION ISSUER ISSUED SUPPLY
===========================================================================================================================================================
24 IFTN If-Then-Coin A super coin with If then algorithm invented... tbkmcjl 1.00 % 1. IFTN
26 NOK Norwegian krone 1 Norwegian Krone norge 0.00 % 0.0000 NOK
28 STAR Star Massive, luminous sphere of plasma held toge... bitcoiners 0.10 % 1,000,000. STAR
There you've even got a user-issued asset that looks like its pretending to be a market-issued asset (NOK).
IMHO a limited set of market assets controlled by Invictus through software updates was the better approach.
I have some concerns about user-issued assets:
Q: What is the point of them? They can be issued 0-100% at any time so what gives them any value?
Q: What happens when assets are created with illegal/offensive names?
Q: Will we get a voting process to delete offensive assets or ones that no one cares about anymore?
Check out these spammy specimins:Code: [Select]ID SYMBOL NAME DESCRIPTION ISSUER ISSUED SUPPLY
===========================================================================================================================================================
24 IFTN If-Then-Coin A super coin with If then algorithm invented... tbkmcjl 1.00 % 1. IFTN
26 NOK Norwegian krone 1 Norwegian Krone norge 0.00 % 0.0000 NOK
28 STAR Star Massive, luminous sphere of plasma held toge... bitcoiners 0.10 % 1,000,000. STAR
There you've even got a user-issued asset that looks like its pretending to be a market-issued asset (NOK).
IMHO a limited set of market assets controlled by Invictus through software updates was the better approach.
Unfortunately, there are many pros and cons to decentralized/anonymizing tech. For instance tor can be used for kiddie porn or for freedom fighters in some oppressive regime. Should we revert it into a centralized institution so we can avoid this?
There probably won't be much you can do about a user generated asset with an offensive name and in my opinion you shouldn't be able to.
Also, what do you mean by illegal? What is illegal in one jurisdiction isn't necessarily so in another. Which is why the official BTSX wallet is launched by a company in hong kong with a not so good looking website. No offense but the website looks kind of bad.