Coin
Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21174. (Read 26712687 times)
July 29, 2015, 10:02:16 AM
July 29, 2015, 10:00:24 AM
Is it certain that they will be using the bitcoin blockchain, rather than a blockchain with bitcoin technology?
Yes, because otherwise they had called it MySQLOne job that you should never waste your time applying for is Public Relations of a Big Respectable Corporation.
Just before @oda.krell's quote, the article also says
Quote
Ludwin said that Nasdaq would likely augment the Open Assets implementation to suit the company's needs.
"There are ways of implementing asset issuance and transfer that are more private than Open Assets," he said. "It will be more private than what people think of as a colored coin today."
"There are ways of implementing asset issuance and transfer that are more private than Open Assets," he said. "It will be more private than what people think of as a colored coin today."
It is very unlikely that NASDAQ will build a critical software on top of a platform maintained by two random volunteers. I would expect that they copy that code, and whatever Chain delivers, and hand it over to their own software development team.
July 29, 2015, 09:41:21 AM
Is it using the blockchain though. No matter how hard that article tries to make it sound like they're using the bitcoin blockchain no where does it say that. They are using BLOCKCHAIN technology. Nothing to do with Bitcoin or the price of it. Even if its on the Bitcoin blockchain they could do whatever they are doing with fractions of a coin. No effect on price as they're not about to go out and by 100k coins to carry out whatever it is they are doing.
I didn't say it would do anything to price but it is running on top of the BTC blockchain.
http://www.coindesk.com/chain-nasdaq-partnership-pr-stunt/
'The shares, he said, will move on the Open Assets protocol, a colored coins implementation that allows users to augment small amounts of bitcoin to represent shares. These shares can then be transfered and tracked across the bitcoin blockchain.'
https://github.com/OpenAssets/open-assets-protocol
From a fundamentally motivated, speculative perspective, this is maybe the crucial question that'll be answered over the coming years, maybe decades. Quote from the article:
Quote
Still, while Nasdaq has decided to build on top of the bitcoin blockchain, Ludwin suggested that Chain, and by extension, Nasdaq, are taking an agnostic approach to the technology.
"We believe that there will be an Internet of chains, there will be many, many interoperable blockchains," he continued. "As that innovation moves forward, one of the things that Nasdaq and First Data have selected us to do is make that transition very simple, starting with Open Assets but over time [maybe] moving that to a sidechain without interrupting the service."
"We believe that there will be an Internet of chains, there will be many, many interoperable blockchains," he continued. "As that innovation moves forward, one of the things that Nasdaq and First Data have selected us to do is make that transition very simple, starting with Open Assets but over time [maybe] moving that to a sidechain without interrupting the service."
I agree with that, as I don't follow the binary way of looking at Bitcoin's success that is held widely.
My premise #1: The Bitcoin blockchain is relevant (in a niche field, so far), and it will almost certainly stay relevant (to some degree). No comparably minor complications (mining centralization! max blocksize! waste of energy!) is likely to change that.
However:
My premise #2: Other blockchains (and by that I don't mean sidechains) will become relevant as well. Most likely, they will mainly differ from the BTC blockchain in the degree to which they are built on making "trust tradeoffs" (to reduce costs, to allow final "oversight" by some authority, etc.).
The price per bitcoin will then largely depend on which side the scale of the options above will be leaning - major assets and financial products being tied to the original blockchain (or its sidechains): moon time; most financial products being connected to proprietary chains: the Bitcoin chain will most likely remain marginal, and price will reflect that - although a market cap in the range of some billion USD is still compatible with that scenario, just not the OOM increase everyone is quietly (or not so quietly) hoping for.
July 29, 2015, 09:18:32 AM
do you escrow?
(dont feed her after midnight, k!?)
July 29, 2015, 09:12:12 AM
My wife is all about large green dildos... exciting stuff.
When I called 200MA, she went beserk. Any suggestions?
When I called 200MA, she went beserk. Any suggestions?
Move to a safe distance and start throwing chocolate at her
July 29, 2015, 09:09:05 AM
My wife is all about large green dildos... exciting stuff.
When I called 200MA, she went beserk. Any suggestions?
When I called 200MA, she went beserk. Any suggestions?
July 29, 2015, 09:02:16 AM
July 29, 2015, 08:03:09 AM
The best thing that can happen is all the "permissioned ledgers" are developed on a sidechain. Win Win.
July 29, 2015, 08:02:12 AM
July 29, 2015, 07:51:49 AM
After Testing the Technology for months, NASDAQ Will Use Bitcoin Blockchain
More...http://libertyblitzkrieg.com/2015/07/27/after-testing-the-technology-nasdaq-will-use-bitcoin-blockchain/
More...http://libertyblitzkrieg.com/2015/07/27/after-testing-the-technology-nasdaq-will-use-bitcoin-blockchain/
Is it certain that they will be using the bitcoin blockchain, rather than a blockchain with bitcoin technology?
Yes, because otherwise they had called it MySQL
July 29, 2015, 07:46:18 AM
Is it using the blockchain though. No matter how hard that article tries to make it sound like they're using the bitcoin blockchain no where does it say that. They are using BLOCKCHAIN technology. Nothing to do with Bitcoin or the price of it. Even if its on the Bitcoin blockchain they could do whatever they are doing with fractions of a coin. No effect on price as they're not about to go out and by 100k coins to carry out whatever it is they are doing.
I didn't say it would do anything to price but it is running on top of the BTC blockchain.
http://www.coindesk.com/chain-nasdaq-partnership-pr-stunt/
'The shares, he said, will move on the Open Assets protocol, a colored coins implementation that allows users to augment small amounts of bitcoin to represent shares. These shares can then be transfered and tracked across the bitcoin blockchain.'
https://github.com/OpenAssets/open-assets-protocol
July 29, 2015, 07:39:25 AM
Nasdaq 'news' is nothing to do with Bitcoin. Literally nothing. Why you think a company using blockchain technology would have any effect on the price of BTC is beyond me.
Er, it's using the blockchain. They've rightly bypassed all the faffing around with their own and gone with the one that's, like, working right now and doesn't need to be built from scratch.
If nothing else it's a big, fat stamp of legitimacy. Try traveling back to 2011/12 on here and making this prediction and see how seriously folks would've taken it.
Is it using the blockchain though. No matter how hard that article tries to make it sound like they're using the bitcoin blockchain no where does it say that. They are using BLOCKCHAIN technology. Nothing to do with Bitcoin or the price of it. Even if its on the Bitcoin blockchain they could do whatever they are doing with fractions of a coin. No effect on price as they're not about to go out and by 100k coins to carry out whatever it is they are doing.
July 29, 2015, 07:36:16 AM
Nasdaq 'news' is nothing to do with Bitcoin. Literally nothing. Why you think a company using blockchain technology would have any effect on the price of BTC is beyond me.
Er, it's using the blockchain. They've rightly bypassed all the faffing around with their own and gone with the one that's, like, working right now and doesn't need to be built from scratch.
If nothing else it's a big, fat stamp of legitimacy. Try traveling back to 2011/12 on here and making this prediction and see how seriously folks would've taken it.
July 29, 2015, 07:32:00 AM
but but... Everybody said it's sooo different this time!
Why aren't we above 315$ yet ?
Why aren't we above 315$ yet ?
Stability is different.
Sideways all summer.
July 29, 2015, 07:30:17 AM
After Testing the Technology for months, NASDAQ Will Use Bitcoin Blockchain
Most of you probably heard several months ago that NASDAQ planned to test Bitcoin technology within its business. It now appears the exchange will be rolling it out live in the fourth quarter, partnering with Chain.
From Bloomberg:
Nasdaq OMX Group Inc. expects to become the first major exchange operator to use the technology behind bitcoin when a project in its private-companies business goes live in the fourth quarter.
The stock market operator is partnering with infrastructure provider Chain to use blockchain to issue and transfer the shares of privately held companies. Blockchain is the ledger that drives the bitcoin digital currency.
More...http://libertyblitzkrieg.com/2015/07/27/after-testing-the-technology-nasdaq-will-use-bitcoin-blockchain/
Most of you probably heard several months ago that NASDAQ planned to test Bitcoin technology within its business. It now appears the exchange will be rolling it out live in the fourth quarter, partnering with Chain.
From Bloomberg:
Nasdaq OMX Group Inc. expects to become the first major exchange operator to use the technology behind bitcoin when a project in its private-companies business goes live in the fourth quarter.
The stock market operator is partnering with infrastructure provider Chain to use blockchain to issue and transfer the shares of privately held companies. Blockchain is the ledger that drives the bitcoin digital currency.
More...http://libertyblitzkrieg.com/2015/07/27/after-testing-the-technology-nasdaq-will-use-bitcoin-blockchain/
Major stuff +1
I miss the days when news like this would pump the price $50 per day... Soon, though. This is Gentlemen.
Good morning from a 42C Greece.
42C Jeez!
Regarding the NASDAQ news - **Thumbs Up** - Positive news is slowly replacing the negative news of the last 12+ months. We'll get there bro, bit by bit (pun not intended) we'll get there. Big money is going to start coming into bitcoin in the near future. It's going to be very expensive for people to get into bitcoin in a few years, luckily for us we got in early enough.
Nasdaq 'news' is nothing to do with Bitcoin. Literally nothing. Why you think a company using blockchain technology would have any effect on the price of BTC is beyond me.
July 29, 2015, 07:29:44 AM
After Testing the Technology for months, NASDAQ Will Use Bitcoin Blockchain
More...http://libertyblitzkrieg.com/2015/07/27/after-testing-the-technology-nasdaq-will-use-bitcoin-blockchain/
More...http://libertyblitzkrieg.com/2015/07/27/after-testing-the-technology-nasdaq-will-use-bitcoin-blockchain/
Is it certain that they will be using the bitcoin blockchain, rather than a blockchain with bitcoin technology?
July 29, 2015, 07:26:59 AM
but but... Everybody said it's sooo different this time!
Why aren't we above 315$ yet ?
Why aren't we above 315$ yet ?
Stability is different.
July 29, 2015, 07:16:13 AM
but but... Everybody said it's sooo different this time!
Why aren't we above 315$ yet ?
Why aren't we above 315$ yet ?
Nobody who wasn't trolling either bearishly or bullishly said with any conviction that we're going to the moon in the short term. We'll most likely flitter between a price range of 270-310 for a fairly significant period. There is nothing overly positive or overly negative to send us flying rapidly in either direction. Of course a manipulating whale can change the natural price movement but nobody can predict that.
July 29, 2015, 07:02:28 AM
July 29, 2015, 07:00:56 AM
Yeah, you ain't kidding. Litecoin is about to erupt into something fierce and then mega profits are gonna be fed back into bitcoin for another solid leg up. Buy or get left out. Ltc will make your btc more substantial but even I'm not going all in in such a greedy way, just a 10% play.
I think we've heard enough about LTC from you now.
The chef has no sense of shame. It's sad, really
PS. Is the bullmarket over already
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