User-issued assets == spam?

[Stan]

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.

[Riverhead]

Also perhaps a client side filter to restrict your list by issuer and perhaps a self maintained bad word filter.  This would allow the individual to decide what constitutes a spam asset and a bad word.  I really doubt my list would be the same as yours .

[Simeon II]

Little birdy told me user issued asset will be removed from BTS X (and moved to other platform) once the market peg is proven to work…

 

[jae208]

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.

[toast]

There will be a clear distinction between user-issued and market-issued assets so people like "norge" can't do anything devious

[speedy]

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.