bitcoin based decentralized stock exchange

[Nite69]

Now when https://glbse.com/ is gone, maybe it is time to make a blockchain for trading assets, ie decentralized stock exchange? Stock exchange transactions could be tied to bitcoins so transactions could be conditional, verified only if certain bitcoin address receives a payment.
Also, assets could have an owner bitcoin address, where the divident could be sent.

But there are problems; First one is how are the initial assets generated? Maybe like namecoins? Where would be the contracts?

Imagine a bitcoin-qt like briefcase display, showing stock possessions instead of bitcoins.

[Liquid]

Smart idea

[Come-from-Beyond]

More tech details would be not bad...

[ElectricMucus]

Guise, guise.....


third party signed transactions!

[Sant001]

Now when https://glbse.com/ is gone, maybe it is time to make a blockchain for trading assets, ie decentralized stock exchange? Stock exchange transactions could be tied to bitcoins so transactions could be conditional, verified only if certain bitcoin address receives a payment.
Also, assets could have an owner bitcoin address, where the divident could be sent.

But there are problems; First one is how are the initial assets generated? Maybe like namecoins? Where would be the contracts?

Imagine a bitcoin-qt like briefcase display, showing stock possessions instead of bitcoins.

A blockchain that holds not only pure money but also real estate ownership information, stocks and whatever else you can come up with.

Bitcoin v2.0

[ElectricMucus]

Now when https://glbse.com/ is gone, maybe it is time to make a blockchain for trading assets, ie decentralized stock exchange? Stock exchange transactions could be tied to bitcoins so transactions could be conditional, verified only if certain bitcoin address receives a payment.
Also, assets could have an owner bitcoin address, where the divident could be sent.

But there are problems; First one is how are the initial assets generated? Maybe like namecoins? Where would be the contracts?

Imagine a bitcoin-qt like briefcase display, showing stock possessions instead of bitcoins.

A blockchain that holds not only pure money but also real estate ownership information, stocks and whatever else you can come up with.

Bitcoin v2.0

No need, in that case.
Whoever mines a block can include any information one wants as long it is valid.

[muyuu]

Not a new idea:

https://bitcointalk.org/index.php?topic=88181.0

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[dancupid]

Bitcoin is decentralized at it's core and it's protocol has been designed to ensure that no 3rd party ever needs to hold bitcoins. The blockchain is a perfect database that can be viewed by everyone.
Why does the 3rd party ever need to hold bitcoins and keep a separate database? Why does any exchange need to hold bitcoins?
All they need to do is function as a trusted 3rd party who fairly arbitrates and manages the final transaction.

[ElectricMucus]

Bitcoin is decentralized at it's core and it's protocol has been designed to ensure that no 3rd party ever needs to hold bitcoins. The blockchain is a perfect database that can be viewed by everyone.
Why does the 3rd party ever need to hold bitcoins and keep a separate database? Why does any exchange need to hold bitcoins?
All they need to do is function as a trusted 3rd party who fairly arbitrates and manages the final transaction.

I agree completly.

There are people concerned about "polluting" the blockchain with exess information, totally unwarranted considering the geometric growth of harddrive capacity exeeds moors law.

[Nite69]

Bitcoin is decentralized at it's core and it's protocol has been designed to ensure that no 3rd party ever needs to hold bitcoins. The blockchain is a perfect database that can be viewed by everyone.
Why does the 3rd party ever need to hold bitcoins and keep a separate database? Why does any exchange need to hold bitcoins?
All they need to do is function as a trusted 3rd party who fairly arbitrates and manages the final transaction.

I agree completly.

There are people concerned about "polluting" the blockchain with exess information, totally unwarranted considering the geometric growth of harddrive capacity exeeds moors law.

The initial idea is just to make a blockchain that, instead of coins, has information of which briefcase owns an asset.

Ie. this blockchain would not include coin transactions, but it would include asste transaction.

Let's make an example: You have a wal.. er briefcase which has generated 10000 assets named "KONIAINC". You have sold 100 of them to someone, who tells he's address is SfdfhHDfHjjfJDfj1212JJFDfk. You make a transaction where you give 100 of your assets from your briefcase to that addressand sign it. This transaction is assured just like bitcoin transaction.

So basicly it's a bitcoin, but replace word "coin" with "share" and "wallet" with "briefcase".

By linking stock blockchain to bitcoin blockchain is not necessary, but it could make certain things easier.

[Nite69]

Someone else got the same idea:
https://bitcointalk.org/index.php?topic=115712.0