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Live Blog - Future of the Protocol - Bitcoin 2013
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Topic: Live Blog - Future of the Protocol - Bitcoin 2013 (Read 907 times)
Cubic Earth
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Live Blog - Future of the Protocol - Bitcoin 2013
May 18, 2013, 11:11:20 PM
Last edit: May 19, 2013, 06:51:58 AM by Cubic Earth
#1
Mike Hearn, Chirs Odom, Michael Gronager, J.R. Willet, Jeff Garzek
I missed the first 5 minutes.
Jeff: The future is adding layers onto bitcoin. Layers such as: credit cards, bonds, stocks, etc. A particular bitcoin would represent a stock share, or a bond.
J.R.: Backward compatibility is important for software, alt chains are not backward compatible. Use layers.
Jeff: Merged mining is a good way to anchor new currencies. Everyone is nodding to the concept of other currencies that are based on bitcoin.
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Whoever mines the block which ends up containing your transaction will get its fee.
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Cubic Earth
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Re: Live Blog - Future of the Protocall - Bitcoin 2013
May 18, 2013, 11:18:29 PM
#2
Chirs - Talking about capital gains tax on gold as an issue with its use. Taking about color coins.
J.R. - But how to invest in color coins?
a color coin is when an issuer declares that a particular bitcoin or satoshi represents another asset, a dollar, an ounce of gold, etc.
Chirs - trust is something to consider with a color coin
--- side note - over 200 people in room ---
Mike - Legal impication of color coins?
Jeff - that would invite regulation. we need derivatives, shorting, options to stabilize that market
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Re: Live Blog - Future of the Protocall - Bitcoin 2013
May 18, 2013, 11:24:25 PM
#3
Chris - bitcoin big in africa. will leapfrog stable fiat currencies their, just as cell phones skipped the landline phase. point being that those governments are really bad a regulation
Mike - tax implications?
Michael - the same as cash
income tax discussion.
Chris - bitcoin will have implications for income tax, but tax will survive. Taxes will focus on the physical
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Re: Live Blog - Future of the Protocall - Bitcoin 2013
May 18, 2013, 11:31:44 PM
#4
scalability discussion
Mike: Will bitcoin look like visa card in use
J.R.: yes
Discussion continuing, live blog over. I need some coffee.
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Re: Live Blog - Future of the Protocall - Bitcoin 2013
May 18, 2013, 11:37:58 PM
#5
Quote from: Cubic Earth on May 18, 2013, 11:31:44 PM
scalability discussion
Mike: Will bitcoin look like visa card in use
J.R.: yes
Discussion continuing, live blog over. I need some coffee.
CE.What was the consensus from the scalability discussion?
(Also, need to change title: protocol)
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bitjoint
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Re: Live Blog - Future of the Protocall - Bitcoin 2013
May 19, 2013, 12:02:47 AM
#6
Quote from: Cubic Earth on May 18, 2013, 11:31:44 PM
scalability discussion
Mike: Will bitcoin look like visa card in use
J.R.: yes
Discussion continuing, live blog over. I need some coffee.
Thanks for covering it! I can't believe not a single tech blog is doing it. Maybe in the future!
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Re: Live Blog - Future of the Protocall - Bitcoin 2013
May 19, 2013, 07:02:40 AM
#7
Quote from: solex on May 18, 2013, 11:37:58 PM
CE.What was the consensus from the scalability discussion?
(Also, need to change title: protocol)
The discussion was somewhat fractured and I might be confusing ideas from Gavin and the devs at other discussions, but I think the consensus is that scaling is going to happen. Micro transactions probably be handled off chain.
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