Adam Back posted a pretty good overview of the concept on Sourceforge:
http://sourceforge.net/p/bitcoin/mailman/message/32108143/
I feel like there's a lot of potential implications of the idea in a high-level ecosystem sense that haven't really emerged yet.
Topic: Bitcoins rarity VS wide scale acceptance. (Read 655 times)
Adam Back's recent "sidechain" concept for the so-called Bitcoin 2.0 infrastructure gives a very compelling answer for what scarcity and acceptance is might look like in the future, that is so beyond any of the kinds of discussions we've seen so far.
I am ready to learn more about the "sidechain" concept & Bitcoin 2.0 infrastructure.
Do you have a link with a good starting point?
Here is one:
http://letstalkbitcoin.com/blockchain-2-0-let-a-thousand-chains-blossom/
Adam Back's recent "sidechain" concept for the so-called Bitcoin 2.0 infrastructure gives a very compelling answer for what scarcity and acceptance is might look like in the future, that is so beyond any of the kinds of discussions we've seen so far.
People in America have difficulty with the concept of the metric system, but the rest of the world shouldn't have much trouble with the idea of milli-Bitcoins, and micro-Bitcoins.
This has been discussed to death. mBTC (milli or 1/1000) will likely be used more often.
qft
People should be encouraged to buy larger amounts of store credit (gift cards) with BTC in a single transaction rather than many micro transactions.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
This has been discussed to death. mBTC (milli or 1/1000) will likely be used more often.
Don't worry.
Bitcoin will never go mainstream. It won't affect your usage of it to buy drugs.
Bitcoin will never go mainstream. It won't affect your usage of it to buy drugs.
i LOOOVE bitcoin. and yes, the transaction fee will go down to 0.00001 once Bitcoin adds another digit, so no more worrying if it goes up to $17,000
Sorry no.
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