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February 23, 2012, 10:01:40 PM |
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Hello,
This is my first post.
Now that Bitcoin is now an accepted idea and the network has reached a tipping point towards completion of the blockchain, it is time to think of some features that use the Bitcoin methodology but support different aspects of a more complete economic system. Currency is one part of a system. But, there are others such as ownership stakes, rights, regulation, trust etc.
To begin, it would be nice to have a unit of of ownership. For example a share in a "company". The ownership of this share could exist in a wallet and be transferred the same way as a Bitcoin. Also, to make it very flexible the unit could contain one or more coupons that could be stripped from the initial unit and transferred independently. The coupons could also be reassembled to create the original unit.
This simple concept above would enable a new type of share, bond, and option markets in the same theme as Bitcoin.
The folks over at GLBSE have some good ideas but the centralization of an exchange which tracks ownership is a possible single point of failure. Of course, such an ownership tracking system should be peer to peer and have a blockchain.
Any comments or any other folks working on these ideas?
Thank you,
Dunster
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