|
Title: Cryptocurrency working as a distributed stock exchange? Post by: kangasbros on February 03, 2013, 06:49:20 PM Looking at the colored bitcoins concept, I see immediately how this could be very useful: easy way for anyone to issue stocks, IPO's, collect funding, connect assets to real-world resources etc.
https://bitcointalk.org/index.php?topic=106373.0 Howeve, I find the colored bitcoins concept not very smart way to do it, mostly because bitcoin isn't meant for this kind of trade. A more suitable way would be to create a new cryptocurrency which would allow creating these operations in that chain. Like namecoin - a special distributed database. Anyone ever got similar idea or working on it? Title: Re: Cryptocurrency working as a distributed stock exchange? Post by: phelix on February 03, 2013, 07:08:25 PM [NMC][Ann] Namecoin Stock Control v0.1b https://bitcointalk.org/index.php?topic=123271
Issuing and handling of multiple Namecoin names to be used as stocks, bonds, tickets... https://github.com/phelixbtc/ncsc can not say it found much interest so far Title: Re: Cryptocurrency working as a distributed stock exchange? Post by: sron on February 04, 2013, 04:06:17 AM One thing does not necessarily exclude the other, there might be a market both for dedicated asset issuing alternative blockchains and for blockchains such as bitcoin that mainly are used for buying and selling of products and services but including virtual asset issuing as an additional feature -- Phelix, by the way, do you have a link to the list of commands available for the namecoin virtual asset software?
Title: Re: Cryptocurrency working as a distributed stock exchange? Post by: hanzac on February 04, 2013, 04:25:27 AM It is convenient to transfer these securities privately by the means of distributed method.
But it still needs the credit/trust. Title: Re: Cryptocurrency working as a distributed stock exchange? Post by: kangasbros on February 04, 2013, 07:37:18 AM One thing does not necessarily exclude the other, there might be a market both for dedicated asset issuing alternative blockchains and for blockchains such as bitcoin that mainly are used for buying and selling of products and services but including virtual asset issuing as an additional feature -- Phelix, by the way, do you have a link to the list of commands available for the namecoin virtual asset software? I guess it's fairly easy to fork bitcoin, and just enable storing data to block chain using some additional info/format so that the assets can function. And naturally storing this data comes with a cost in the cryptocurrency. Title: Re: Cryptocurrency working as a distributed stock exchange? Post by: phelix on February 04, 2013, 02:34:40 PM One thing does not necessarily exclude the other, there might be a market both for dedicated asset issuing alternative blockchains and for blockchains such as bitcoin that mainly are used for buying and selling of products and services but including virtual asset issuing as an additional feature -- Phelix, by the way, do you have a link to the list of commands available for the namecoin virtual asset software? available commands:print_help() display_info() pay_dividends(nmcAmount) transfer_names_to_address(quantity, "address") update_names() # will update all names in wallet <ctrl-c> # exit issuing is a separate script currently thinking about paying out dividends in btc via shared private key or setting a field in the stocks... Title: Re: Cryptocurrency working as a distributed stock exchange? Post by: prophetx on September 14, 2013, 11:37:36 PM is this still alive?
Title: Re: Cryptocurrency working as a distributed stock exchange? Post by: digitalindustry on September 16, 2013, 10:24:50 AM I suspect it is because many people see "coloured coins" in a similar light as "ripple" - where by correctly or incorrectly the entities in question seem to be trying to "economize/financialize" an existing simple structure that most people can understand .
which is : Work > Reward > Blockchain Verification. its simplicity is its advantage - The "coloured coin" and "ripple" pushers are probably standing on the wrong side of a super-cycle, of what is becoming a leary population of debt riddled citizens. its a hard sell. * then add to that the principal of a peer driven environment that i previously explained and the fact that Crypto investors (by proxy)tend to be in the upper percentile of technological experience. ** so just generally harder to scam, on a large scale. *** the final point should be the most important - look around , sociologically humans are moving towards this direction , not away, its a directional thing. |