the theory of colored coins

[killerstorm]

So are you saying that this new address form is placed inside the script?

No, this is entirely an user-interface feature: user interface doesn't allow one to send to a "wrong" address.

But on the script level it is same as normal Bitcoin transactions.

[FrictionlessCoin]

So are you saying that this new address form is placed inside the script?

No, this is entirely an user-interface feature: user interface doesn't allow one to send to a "wrong" address.

But on the script level it is same as normal Bitcoin transactions.

The coin id, is that a 5 letter symbol in ASCII?

[killerstorm]

Here's an example of how it looks like now: Dusis5Fcme7fDa@moi5hNSCMRFpAgALXGGmVwqqeremPHvgfL

Dusis5Fcme7fDa is  a hash of color descriptor, moi5hNSCMRFpAgALXGGmVwqqeremPHvgfL is a normal testnet address.

We'll probably use a different format later, but the idea will be the same.

[FrictionlessCoin]

Here's an example of how it looks like now: Dusis5Fcme7fDa@moi5hNSCMRFpAgALXGGmVwqqeremPHvgfL

Dusis5Fcme7fDa is  a hash of color descriptor, moi5hNSCMRFpAgALXGGmVwqqeremPHvgfL is a normal testnet address.

We'll probably use a different format later, but the idea will be the same.

Hash of color descriptor?!  Where is the color descriptor?  Is it on the block chain or on some external file somewhere.

C'mon guys!!!  You have to step up your execution!

[killerstorm]

Hash of color descriptor?!  Where is the color descriptor?  Is it on the block chain or on some external file somewhere.

Here's an example of color_desc: "obc:b3b2c25ea6366d8506ea338f8e93624af897f284a511864eafe472d283819b41:0:147478"

It identifies a particular color, like URL identifies a page on a web site.

C'mon guys!!!  You have to step up your execution!

I do what I can... Why won't you help instead of complaining?

FYI that "Colored coins - BitcoinX" whitepaper is dead.