Bitcoin Forum
March 29, 2024, 05:46:35 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: decentralized wallet.  (Read 981 times)
steelhouse (OP)
Hero Member
*****
Offline Offline

Activity: 717
Merit: 501


View Profile
July 21, 2011, 10:05:05 AM
Last edit: July 21, 2011, 05:39:46 PM by steelhouse
 #1

This pertains to sites like mybitcoin.com and not wallet.dat.

Is it possible to have a decentralized wallet that uses BTC as a base?  BTC -> DonkeyCoin -> Everybody uses the fast Donkeycoin M1 for shops.  The donkeycoin can be converted into BTC by the user.

BTC is sent to donkeycoin.  Donkeycoin stores the BTC in a block chain.   A new block chain is used for say 1 month, before it is deleted.  The donkeycoin might automatically be sold to BTC temporarily, then the new money lioncoin is created.  Why do this, to keep the block small and fast as possible.

I notice there is a list of the 100 largest wallets.  That gives hope that the block.dat can be cleaned out.  As all the new owners could be placed in a new block and the old block can be ignored.
The trust scores you see are subjective; they will change depending on who you have in your trust list.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711691195
Hero Member
*
Offline Offline

Posts: 1711691195

View Profile Personal Message (Offline)

Ignore
1711691195
Reply with quote  #2

1711691195
Report to moderator
TeraPool
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
July 21, 2011, 09:57:56 PM
 #2

The benefit of the blockchain is it's history imho.

If you constantly delete and create a new blockchain, there is not much trust to put into any one chain.

Also, who do we trust to implement the new chains?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!