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Author Topic: General AltCoin Discussion  (Read 542 times)
TerraHasher
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June 27, 2014, 03:52:05 AM
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http://www.thebitcoinsociety.org/content/us-marshalls-silk-road-coin-auction-ignites-asic-distributor-fire-sale

I just read this article and it got me to thinking and i wanted to get some other peoples thoughts. (about the concept of diversifying not about the miner sale )

This C.E.O. made a statement that if everyone diversified their crypto portfolio across a bunch of different coins that it would make it a whole lot harder for our crypto transactions to be traced, tracked, located, and even worse stolen by governments. I would like to get some other peoples thoughts on this.

I had a vision, a "CRYPTO P.O.S. System" Something that operated like CoinBase and Cryptsy all in one. You walk up to a register and there is a touch screen kind of like self checkout. You select your crypto out of the some 150 currently being actively traded, and make your payment and move on. Kind of like CoinBase stuff on the front end. But on the back end it works like Cryptsy, it is connected to all the QT clients and pulls data from all multi crypto exchanges and averages them. So say you choose to pay in "X" coin, and X coin is worth .5 BTC. BTC is worth $500 and your transaction total was $1000, So your total was 4 "X" coin. On the back end it instantly converts off of a standing buy order somewhere on some exchange ( haven't figured that out yet ) into BTC which is then able to be cashed out. Or the merchant can withdraw the BTC, or they can opt to keep whatever form of crypto ("X") coin was paid and handle selling it themselves. Some thoughts on this would be nice as well.

Lastly, a Multi-Wallet, Kind of like armory but allowing you to handle several different coins in one wallet interface. granted the "yourcoin"d program still runs in the background, but it would keep a person from having to have 30 icons in their taskbar if they are constantly shuffling coinage between cryptos and stuff. Thoughts?

Thanks in advance for the input.

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