I have updated the
spechttps://github.com/Flavien/colored-coins-protocol/blob/master/specification.mediawiki
.
This is an interesting approach, but OP_RETURN size limitations can be a
significant problem for some kinds of applications.
This is correct, the number of colored outputs you can have
Thanks for the valuable feedback. I see there is a strong concern with
requiring a large BTC capital for issuing coloring coins, so I am now in
the process of modifying the specification to address that. I will post an
update when this is finished.
By the way, padding doesn't solve the issue
At this point, I don't think what you are doing is even colored coins
anymore. You might want to look into Counterparty or Mastercoin.
Nope, it's still colored coins. The difference between colored coin model
and Mastercoin model is that colored coins are linked to transaction
outputs, while
Thanks for the feedback Mark.
(1) there is absolutely no reason to include asset tagging information if
it is not validated
Sure, there is a good reason to include it in the blockchain: so that
clients don't need external information to recognize colored coins. Also,
I'm not sure what you mean
On 4/7/14, Flavien Charlon flavien.char...@coinprism.com wrote:
Also those 54 BTC (actually 5.4 BTC if the dust is now 540 satoshis) become
part of the capital of the company, and can always be recovered by
uncoloring the shares. It's an investment, not an expense, so I think it is
acceptable.
Jorge, they'd have to be. Otherwise, assuming the price of the share goes
low enough, you could buy a share of the company, melt the gold plate, and
sell it for a profit. If the gold is part of the capital of the company,
the cheapest a share can be is the price of the gold on which the stock
Flavien, capital is wealth or resources available for the stated purpose
of the company. These bitcoins represent nothing more than a speculative
floor owned by the investors, not the company.
On 04/07/2014 07:00 AM, Flavien Charlon wrote:
Jorge, they'd have to be. Otherwise, assuming the price
On 4/7/14, Flavien Charlon flavien.char...@coinprism.com wrote:
Ok, I guess I'm not using the proper terminology. It would be listed on the
Asset section of the company's balance sheet, is what I meant.
No, it's an asset for the owner of the share, not the company, just
like the gold plates are
An IOU written in a gold plate sure makes no sense. I see what you are
saying, the inconvenience comes from the fact that the buyer has to buy
some amount of BTC at the same time as he buys a share.
That's why I was making the point that you could have a colored coin
representing a single share,
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