Nope but aye! Random color patterns that tickles my OCD
never admit you have OCD, or this will happen
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Topic: Blockchain 2.0 – Let a Thousand Chains Blossom - page 3. (Read 8138 times)
never admit you have OCD, or this will happen
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ayxwvutsrqponmlkjihgfedcbz
abcdefghijklmnopqrstuvwxyz
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These guys r interested in their own profit. Why do u think u'll jump their train?
Umm.. profit from what exactly? Care to expand on your stupid ass comment?
This is an intriguing idea (emphasis mine):
The versatility of Bitcoin is truly amazing...
Quote
We are a “blockchain 2.0” company. Although I personally care for the success of Bitcoin, it is important to distinguish between bitcoin the asset and the blockchain as a programmable distributed trust infrastructure. And we are interested in blockchain 2.0 and blockchain 2.0 using Bitcoin as a neutral transactional currency we believe is a great, offers great promise but I want to build a blockchain that could support a nation-state putting its national currency and phasing out paper dollars.
The versatility of Bitcoin is truly amazing...
I find the idea of 2way peg sidechains and its applications fascinating and useful.
Having said that I don't need anyone granting me the permission to jump to anyone train. As long as my own interest has a not null interceptions with the one of "these guys" there's no need to jump whatsoever
An unknown guy with a funny name Satoshi Nakamoto came out of the blue and launched Bitcoin.
A famous guy with a funny name Dacoinminster spent a lot of time talking to people on conferences and tried to launch Mastercoin having 4000 BTC (failed).
An unknown guy with a funny name BCNext came out of the blue and launched Nxt having 21 BTC.
Famous guys spent a lot of time talking to people on conferences and are trying to launch Ethereum having millions USD (in progress).
Famous guys will be spending a lot of time talking to people on conferences and will try to launch Blockchain 2.0 having millions USD (in progress).
Am I the only one who sees a clear pattern here?
A famous guy with a funny name Dacoinminster spent a lot of time talking to people on conferences and tried to launch Mastercoin having 4000 BTC (failed).
An unknown guy with a funny name BCNext came out of the blue and launched Nxt having 21 BTC.
Famous guys spent a lot of time talking to people on conferences and are trying to launch Ethereum having millions USD (in progress).
Famous guys will be spending a lot of time talking to people on conferences and will try to launch Blockchain 2.0 having millions USD (in progress).
Am I the only one who sees a clear pattern here?
I see a competition to make Bitcoin 2.0. My money is on the team with the most credibility: Bitcoin 1.0 core devs and the creator of Hashcash (also one of the original cypherpunks) and the best, most sensible idea (Blockchain 2.0)
Nope but aye! Random color patterns that tickles my OCD
CTRL+A
An unknown guy with a funny name Satoshi Nakamoto came out of the blue and launched Bitcoin.
A famous guy with a funny name Dacoinminster spent a lot of time talking to people on conferences and tried to launch Mastercoin having 4000 BTC (failed).
An unknown guy with a funny name BCNext came out of the blue and launched Nxt having 21 BTC.
Famous guys spent a lot of time talking to people on conferences and are trying to launch Ethereum having millions USD (in progress).
Famous guys will be spending a lot of time talking to people on conferences and will try to launch Blockchain 2.0 having millions USD (in progress).
Am I the only one who sees a clear pattern here?
Nope but aye! Random color patterns that tickles my OCD A famous guy with a funny name Dacoinminster spent a lot of time talking to people on conferences and tried to launch Mastercoin having 4000 BTC (failed).
An unknown guy with a funny name BCNext came out of the blue and launched Nxt having 21 BTC.
Famous guys spent a lot of time talking to people on conferences and are trying to launch Ethereum having millions USD (in progress).
Famous guys will be spending a lot of time talking to people on conferences and will try to launch Blockchain 2.0 having millions USD (in progress).
Am I the only one who sees a clear pattern here?
An unknown guy with a funny name Satoshi Nakamoto came out of the blue and launched Bitcoin.
A famous guy with a funny name Dacoinminster spent a lot of time talking to people on conferences and tried to launch Mastercoin having 4000 BTC (failed).
An unknown guy with a funny name BCNext came out of the blue and launched Nxt having 21 BTC.
Famous guys spent a lot of time talking to people on conferences and are trying to launch Ethereum having millions USD (in progress).
Famous guys will be spending a lot of time talking to people on conferences and will try to launch Blockchain 2.0 having millions USD (in progress).
Am I the only one who sees a clear pattern here?
A famous guy with a funny name Dacoinminster spent a lot of time talking to people on conferences and tried to launch Mastercoin having 4000 BTC (failed).
An unknown guy with a funny name BCNext came out of the blue and launched Nxt having 21 BTC.
Famous guys spent a lot of time talking to people on conferences and are trying to launch Ethereum having millions USD (in progress).
Famous guys will be spending a lot of time talking to people on conferences and will try to launch Blockchain 2.0 having millions USD (in progress).
Am I the only one who sees a clear pattern here?
videos, reddit posts, crap-slaps ... someone pleast post a link to the paper!
Mind blowing
Agreed.
Can't recommend enough. Check out the LTB episode. Everyone needs to hear this.
http://letstalkbitcoin.com/e99-sidechain-innovation/#.U0bMk1c1Gn8
-B-
These guys r interested in their own profit. Why do u think u'll jump their train?
"these guys" who?
These guys r interested in their own profit. Why do u think u'll jump their train?
I really like the sound of "Let a Thousand Chains Blossom"
I've been thinking about a similar concept lately as a way of handling visa scale transactions. It also relies on being a lock a coin to another merge mined chain and later unlock it with verification from the side chain.
The point being to create many transaction processing blocs. Coins are spent into a bloc then bulk transactions are processed and at some point coins are returned to bitcoin. Thus bitcoin acts more as a store of value and clearing house rather than a bulk transaction processor. The side chains might even have limited lifespans i.e. every x days the chain stops operating, everyone returns coins back to bitcoin chain then a new one is started from scratch.
The point being to create many transaction processing blocs. Coins are spent into a bloc then bulk transactions are processed and at some point coins are returned to bitcoin. Thus bitcoin acts more as a store of value and clearing house rather than a bulk transaction processor. The side chains might even have limited lifespans i.e. every x days the chain stops operating, everyone returns coins back to bitcoin chain then a new one is started from scratch.
Interesting.
So am I right in thinking that the interface between the main blockchain and a "sidechain" in effect just does the job that Cryptsy already does:
Provide an exchange interface for a free market of altcoins, albeit in a decentralised manner.
So am I right in thinking that the interface between the main blockchain and a "sidechain" in effect just does the job that Cryptsy already does:
Provide an exchange interface for a free market of altcoins, albeit in a decentralised manner.
The main aims are preserving bitcoin digital scarcity and innovating bitcoin without risking to blew everything due to a fast pace of innovation. A decentralized "exchange" is "only" a side effect :-)
"So in essence, while there are multiple chains, no new bitcoins are created. Protecting the digital scarcity of the finite amount of tokens (ultimately 21 million) is a core point to this project. By linking chains they have set Bitcoin up as a “transactional currency for all the innovation and all new assets so you can potentially issue shares in a sidechain, that specializes in smart contracts shares, derivatives, user assets, ultimately backed by Bitcoin pegged to Bitcoin, explained Back."
Isn't something/someone else already doing this? (i.e. Mastercoin)
Isn't something/someone else already doing this? (i.e. Mastercoin)
I haven't already understood all the details nor thought about all the implications, but Adam Back said that the current metacoins implementations are somewhat limited (e.g. in regard of smart contracts), whereas the one built on a 2way peg side chains will be based on tagging not watermarking in such a way to avoid those limitations.
Interesting.
So am I right in thinking that the interface between the main blockchain and a "sidechain" in effect just does the job that Cryptsy already does:
Provide an exchange interface for a free market of altcoins, albeit in a decentralised manner.
So am I right in thinking that the interface between the main blockchain and a "sidechain" in effect just does the job that Cryptsy already does:
Provide an exchange interface for a free market of altcoins, albeit in a decentralised manner.
We've been working on a related concept here on the forum since yesterday. Instead of side chains, it is a method to bootstrap altcoins using snapshots of the unspent outputs to determine the initial distribution of any pre-mine.
https://bitcointalksearch.org/topic/m.6134782
https://bitcointalksearch.org/topic/rfc-aethereum-a-turing-complete-coin-distributed-as-per-bitcoins-blockchain-563925
https://bitcointalksearch.org/topic/spin-offs-bootstrap-an-altcoin-with-a-btc-blockchain-based-initial-distribution-563972
https://bitcointalksearch.org/topic/m.6134782
https://bitcointalksearch.org/topic/rfc-aethereum-a-turing-complete-coin-distributed-as-per-bitcoins-blockchain-563925
https://bitcointalksearch.org/topic/spin-offs-bootstrap-an-altcoin-with-a-btc-blockchain-based-initial-distribution-563972
"So in essence, while there are multiple chains, no new bitcoins are created. Protecting the digital scarcity of the finite amount of tokens (ultimately 21 million) is a core point to this project. By linking chains they have set Bitcoin up as a “transactional currency for all the innovation and all new assets so you can potentially issue shares in a sidechain, that specializes in smart contracts shares, derivatives, user assets, ultimately backed by Bitcoin pegged to Bitcoin, explained Back."
Isn't something/someone else already doing this? (i.e. Mastercoin)
Isn't something/someone else already doing this? (i.e. Mastercoin)
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