Can Bitcoin Liberate Gold?

[pattu1]

I only wish central banks of different countries stored a major portion of their assets in gold, rather than useless dollars.

[1714951605]

1714951605

[1714951605]

1714951605

[rogerdonkey]

maybe now is time investor from commodity leave and now to take invest in bitcoin

[simonbtc]

1)  You might put a diagram or schematic in to illustrate a Bitcoin Asset and/or a Bitcoin Gold Asset

Hi orobtc,

Just wanted to let you know:

• The paper has been updated and a diagram added (attached below).
• If you want some assets to play with, there is a demo faucet here: http://coinspark.org/demo-asset-faucet/
  

Cheers!

https://i.imgur.com/BUPDtSN.jpg?1

[OROBTC]

...

simonbtc

Diagrams are a good thing!  That is a dense one.

I will go look at you new paper.

IIRC, I am seeing a fair number of documents at coinsecrets.org that look a lot like something you are involved with (I could not link this directly, formatting not working here either)):

345272
26 Feb 2015
17:53 GMT bd00238f7e9531dcff8c6425a3e3ce45c36ec8f3fd093a959265992ba974f107

SPKg??V\??\?t??\?tuBW)??" (CoinSpark)

U1BLZwEAVlyNjlzrdA32XI2uuYZ0dUKF9rJXKZq7IhX/G4oJnvYXnA== (base64)

6a2853504b670100565c8d8e5ceb740df65c8daeb98674754285f6b257299abb2215ff1b8a099ef 6179c

Big-endian width 16 pixels    Small-endian width 16 pixels    Big-endian width 20 pixels    Small-endian width 20 pixels

(I am not at a level where I can interpret the above curiosities there at coinsecrets)



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You might even choose to simplify further, walk (in detail, step-by-step) through a couple of simple transactions.

[simonbtc]

If you mouseover the CoinSpark link you can see what kind of transaction it is.  In this case it's a Genesis transaction, so you (or somebody else) issued one unit of an asset to a CoinSpark address (which is just a wrapper around an underlying Bitcoin address).  If the issuer uploads the PDF contract and HTML file to the website path, the SparkBit wallet for the CoinSpark address will validate the asset and then it could be sent onto someone else.

https://i.imgur.com/nF6SCXc.png