Author

Topic: Programmability of Coloured coins (Read 1378 times)

hero member
Activity: 906
Merit: 1034
BTC: the beginning of stake-based public resources
August 02, 2014, 06:58:23 AM
#9
For example:

    1. Could an altcurrency be created using any of these which uses demurrage in the same way that Freicoin does?

    2. Could an altcurrency be created using any of these which destroys coins in the same way that PPC does per transaction?
Both of those are bad ideas, and they are possible (or will be shortly when better tools arrive).

I'm not advocating any of the above. I'm seeing if the block validation rules for coloured coins would allow such processes.

Thanks for clarifying.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
July 29, 2014, 01:14:39 PM
#8
That's the kind of thing Ethereum promises. We'll see.

+1
I'm not advocating demurrage. At first glance it appears egalitarian, but it takes away the power of liquid savings from poor people that can't afford to not have access to funds for emergencies. Rich people can always divert into non-liquid assets and still have liquidity. Colored coins don't need to be destroyed because they can be recolored.
member
Activity: 79
Merit: 10
July 29, 2014, 05:45:53 AM
#7
That's the kind of thing Ethereum promises. We'll see.

+1
legendary
Activity: 1400
Merit: 1013
July 28, 2014, 10:17:17 AM
#6
For example:

    1. Could an altcurrency be created using any of these which uses demurrage in the same way that Freicoin does?

    2. Could an altcurrency be created using any of these which destroys coins in the same way that PPC does per transaction?
Both of those are bad ideas, and they are possible (or will be shortly when better tools arrive).
newbie
Activity: 59
Merit: 0
July 28, 2014, 07:17:48 AM
#5
Our approach seems better than colored coin, please check icoinhost.com for detail
hero member
Activity: 906
Merit: 1034
BTC: the beginning of stake-based public resources
July 27, 2014, 04:45:14 PM
#4
I understand that there are a few tool kits out there for coloured coins which run off of the Bitcoin blockchain, for example, coloured coins, mastercoin and counterparty.

Although I understand that the underlying mechanisms for each are different I am looking to find out more about the variety of custom blockchains and transaction validation rules that can be created with each.

For example:

    1. Could an altcurrency be created using any of these which uses demurrage in the same way that Freicoin does?

    2. Could an altcurrency be created using any of these which destroys coins in the same way that PPC does per transaction?

I'm very sure based on it's initial spec that Ethereum will be able to do this. However it is not a coloured coin on the bitcoin blockchain so I would like to exclude it from the topic of this thread.

Specifically I'm interested in whether coloured coins, mastercoin and counterparty can do this?

[EDIT: I've moved this thread to Development & Technical Discussion as it may be more appropriate there.]
sr. member
Activity: 253
Merit: 252
July 27, 2014, 03:05:30 PM
#3
That's the kind of thing Ethereum promises. We'll see.

Is Ethereum backed by any University's or big businesses? I noticed one of the dev's is a professor.
donator
Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
July 27, 2014, 12:19:29 PM
#2
That's the kind of thing Ethereum promises. We'll see.
hero member
Activity: 906
Merit: 1034
BTC: the beginning of stake-based public resources
July 27, 2014, 12:07:33 PM
#1
I understand that there are a few tool kits out there for coloured coins which run off of the Bitcoin blockchain, for example, coloured coins, mastercoin and counterparty.

Although I understand that the underlying mechanisms for each are different I am looking to find out more about the variety of custom blockchains and transaction validation rules that can be created with each.

For example:

    1. Could an altcurrency be created using any of these which uses demurrage in the same way that Freicoin does?

    2. Could an altcurrency be created using any of these which destroys coins in the same way that PPC does per transaction?

Jump to: