 |
March 06, 2014, 11:36:57 PM |
|
I personally do not hold any Bitcoins, however have approached Mastercoin with an idea a couple months ago about working together and making a Social Media Economic Web Site. I heard more recently on the news, that Bitcoin is going to make their own Trading site. I will be going ahead to build my own anyway. However, I am just going to run an idea for protecting the Bitcoin past you guys. In a more resent hacking I heard that all the bitcoins were taken except for the Cold Storage location. The Web site still was forced under. My point is why not make all banking of actual Bitcoins be treated as Gold and keep it in only Cold Storage with backup. If Mastercoin is really connected to Bitcoin and works off the Bitcoin coding chain, then that is your answer. You can draw against your Cold Storage, Bitcoin credits, which will work in the Bitcoin machines, merchants etc. You can hold so many Bitcoin credits against the actual Bitcoin. The same idea as making dollars against a Gold storage (i.e. Fort Knox). This will allow a full alternative Banking system, where Bitcoin credits can be loaned or even given interest against, without touching the actual Bitcoins. This can also be used for blocking the stolen Bitcoins from being used. The making of Bitcoin credits can also create more abundance, basically an alternative economy could function without breaking a Bitcoin into further pieces (i.e. .001 Bitcoin equals 1 Bitcoin credit). This is only a few ideas you can work with.
|
