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[79.54.91.152]) by mx.google.com with ESMTPSA id bk1sm6856534eeb.5.2013.06.14.17.09.09 for (version=TLSv1 cipher=ECDHE-RSA-RC4-SHA bits=128/128); Fri, 14 Jun 2013 17:09:10 -0700 (PDT) References: <20130519132359.GA12366@netbook.cypherspace.org> <20130614192058.GA11509@petertodd.org> <20130614205031.GB10215@netbook.cypherspace.org> <201306142110.09687.luke@dashjr.org> <51BB8A58.7000308@petersson.at> Mime-Version: 1.0 (1.0) In-Reply-To: <51BB8A58.7000308@petersson.at> Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: quoted-printable Message-Id: <27BA300C-71B8-4AB1-9459-09975ABED8EB@dennisonbertram.com> X-Mailer: iPhone Mail (10A523) From: Dennison Bertram Date: Sat, 15 Jun 2013 02:09:09 +0200 To: Andreas Petersson X-Gm-Message-State: ALoCoQnf9zSB3qKDj9ML0qBqj73lW6L3TOifODiVvyifZqnxaogVyWf7zCOFSyjSNO49jo7i4/xv X-Spam-Score: 0.0 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. X-Headers-End: 1UneUq-0001wU-Jg Cc: "bitcoin-development@lists.sourceforge.net" Subject: Re: [Bitcoin-development] is there a way to do bitcoin-staging? X-BeenThere: bitcoin-development@lists.sourceforge.net X-Mailman-Version: 2.1.9 Precedence: list List-Id: List-Unsubscribe: , List-Archive: List-Post: List-Help: List-Subscribe: , X-List-Received-Date: Sat, 15 Jun 2013 00:37:37 -0000 It seems so much easier to just allow bitcoin testnet to be used more widely= for larger scale bitcoin staging. People can assign value as they wish to t= estnet bitcoins but at their own risk/peril. This incremental amount of valu= e though would allow for testing of larger ideas, ideas that perhaps might n= ot be appropriate in their nascent stages to apply for bitcoin.=20 Have your seen 'proof of existence'? It's basically a bitcoin notary service= that proves a document existed before it gets inserted into the blockchain.= While a good idea- you could argue that it's blockchain spam as well- espec= ially if one were to adapt it to high volumes in the future for notarizing p= ermanently things like tweets (for example) or combining it with something l= ike colored coins. These are great ideas, but maybe better suited to a proto= bitcoin without needing to fashion a brand new coin.=20 Sent from my iPhone On Jun 14, 2013, at 11:25 PM, Andreas Petersson wrote= : > my initial idea (not sure if it is good) was to have an asymetric market. > lets say you want to create altcoin ALC. ALC are merge-mined with btc, > though without block reward. > to create 1 ALC you have two choices: destroy 1 BTC, or buy 1 ALC for a > floating amount from an exchange. >=20 > in my book, this would automatically lead to a slightly lower price for > 1 ALC, and an automatic ceiling of 1 BTC, since you could always > sacrifice BTC to gain ALC. > but it would not diverge drastically lower, since apparently somebody > was willing to destroy 1 BTC to create it. maybe it could even trade > slightly higher because traded ALC could be spendable instantly while > sacrificed ALC would need a 120 blocks maturing period. > the "beauty" of that system is also it does not inflate the > cryptocurrency realm. >=20 > Andreas >=20 > Am 14.06.2013 23:10, schrieb Luke-Jr: >> Note that the "earn a mixture of BTC and TBC, but not both in full volume= "=20 >> only works for TBC because the price is by definition fixed with BTC. >> I'm not sure how you could implement something like this for an altcoin w= here=20 >> the price is floating independently of Bitcoin.. that is, how you would k= now=20 >> the right amount of Bitcoin to require sacrificed. >=20 >=20 > --------------------------------------------------------------------------= ---- > This SF.net email is sponsored by Windows: >=20 > Build for Windows Store. >=20 > http://p.sf.net/sfu/windows-dev2dev > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development