Nxt apparently has a decentralized exchange:

http://cointelegraph.com/news/112175/nxt-decentralized-exchange-launches-with-btc-and-ltc

According to http://multigateway.org:

MGW creates a unique deposit address for your account, for each of the supported coins. When you send coins to that deposit address, MGW will deliver to your Nxt account the same quantity of coin assets to your NXT account.

So the Nxt blockchain is somehow in control of the private keys of other blockchains such as BTC & LTC. I didnt think that was possible.

Does anyone have a view on this? If this was possible, then I would have thought Bytemaster would have proposed this already.

Until I understand how this works, Ill remain suspicious and view it as yet another altcoin that wants to market itself as the thing that allows trade between everything else.

Is anyone else tired of seeing the tonne of coins that say that they can do decentralized exchanges? Everyone is promising it including Mastercoin, yet we havent seen anything real yet. Check this out:

http://wiki.mastercoin.org/index.php/Decentralized_exchange

The Master Protocol enables the peer-to-peer exchange of any cryptocurrency or token with any other cryptocurrency or token.

Really? So why is Mastercoin tanking, and why are people still using bter.com and cryptsy if Mastercoin can do that? It seems like some people just like to blow a lot of hot air.

As I understand it, a blockchain can only be sovereign over itself, not other coins (I think Bytemaster once said that). That's why the only explanation of decentralized exchanges that I like so far is the Bitshares X model.

What do you mean deterministic wallet? You mean that the first account private key is generated from the wallet password? My impression was that this is false, that the bitshares wallet is in no way a brain wallet.

Sent from my SCH-S720C using Tapatalk 2

Deterministic wallet does not imply brain wallet. Bitshares generates a random seed, encrypted by your passphrase (So its not brain-only). As I understand it that seed can deterministically generate multiple addresses.

Anyway the problem is that GUI doesnt show which of my addresses actually contain the funds, which causes a real headache if I want to confirm whether I need to do another backup or transfer again.

Ok nevermind Im manually dumping my private keys from my Electrum wallet and it seems to be picking it up now. I think my computer is just incredibly slow so the qt wallet takes about a minute before it shows my funds updated.

Quote from: trader on July 28, 2014, 10:05:10 pm

I havent registered any accounts on the blockchain (its optional right?). I just exported & backed up my wallet. I then imported my protoshares. Does the importing automatically move those PTS BTSX to an address that is controlled by my BTSX deterministic wallet?

Or does importing the PTS wallet just copy the PTS addresses into my BTSX wallet? In that case would I have to re-backup my BTSX wallet?

I really want to get this right...

Importing just loads the keys, you have to make a transfer to move the funds.

Thanks BM. So should I copy-paste my Account Key from the Advanced tab as a new contact named "Me" and send the funds to that address?

Polymorphic digital assets here I come 

I can post the htdocs somewhere when I get home.

So lineman is only used to generate the docs - thanks puppies 

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:
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.