Reading the NXT website, it talks about an Asset Exchange and a Monetary System. First seems to be regarding assets, while the second article one is talking about currencies. Is there any difference between those two, is one a subset of the other, or are they all the same?
asked Jan 15, 2015 at 19:51
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1In some places, they seem to be drawing the distinction that a currency is a means for measuring the magnitude of assets while an asset has to have a specific location, issuer, or backer. But in other places, they seem to use the terms interchangeably. (Dollars are a currency. If I have a 10 dollars bill in my pocket, that's an asset, whose magnitude is 10 dollars. Currencies are how you measure how much of an asset you have.)– David SchwartzCommented Jan 15, 2015 at 20:02
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I'll try to login tonight and more throughly explain. Functionally they are very different. Assets are like simple stocks. MS currencies have a whole slew of properties thaf allow you to customize your own token/currency. You could create a currency where you can create/destroy units (for usecases like arcades) or you could create dynamic scenarios where users can create coins when certain conditions are met. Many of the new MS currencies are full-fledged PoW coins. No code necessary. Spec the currency, pay the Nxt fee and you've created your own custom cryptocurrency.– RLHCommented Jan 15, 2015 at 21:20
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