From mboxrd@z Thu Jan 1 00:00:00 1970 Received: from sog-mx-1.v43.ch3.sourceforge.com ([172.29.43.191] helo=mx.sourceforge.net) by sfs-ml-1.v29.ch3.sourceforge.com with esmtp (Exim 4.76) (envelope-from ) id 1Unbnw-0008Ns-Du for bitcoin-development@lists.sourceforge.net; Fri, 14 Jun 2013 21:45:08 +0000 X-ACL-Warn: Received: from petersson.at ([213.239.210.117]) by sog-mx-1.v43.ch3.sourceforge.com with esmtps (TLSv1:AES256-SHA:256) (Exim 4.76) id 1Unbnu-0000uT-T0 for bitcoin-development@lists.sourceforge.net; Fri, 14 Jun 2013 21:45:08 +0000 Received: by petersson.at (Postfix, from userid 65534) id E0B7719A065; Fri, 14 Jun 2013 23:26:24 +0200 (CEST) X-Spam-Checker-Version: SpamAssassin 3.3.1 (2010-03-16) on petersson.at X-Spam-Level: X-Spam-Status: No, score=-1.0 required=4.0 tests=ALL_TRUSTED autolearn=disabled version=3.3.1 Received: from [192.168.0.199] (chello084114039092.14.vie.surfer.at [84.114.39.92]) (using TLSv1 with cipher DHE-RSA-AES256-SHA (256/256 bits)) (No client certificate requested) (Authenticated sender: andreas) by petersson.at (Postfix) with ESMTPSA id 13D0119A063 for ; Fri, 14 Jun 2013 23:26:24 +0200 (CEST) Message-ID: <51BB8A58.7000308@petersson.at> Date: Fri, 14 Jun 2013 23:25:44 +0200 From: Andreas Petersson User-Agent: Mozilla/5.0 (Windows NT 6.2; WOW64; rv:17.0) Gecko/20130509 Thunderbird/17.0.6 MIME-Version: 1.0 To: bitcoin-development@lists.sourceforge.net References: <20130519132359.GA12366@netbook.cypherspace.org> <20130614192058.GA11509@petertodd.org> <20130614205031.GB10215@netbook.cypherspace.org> <201306142110.09687.luke@dashjr.org> In-Reply-To: <201306142110.09687.luke@dashjr.org> X-Enigmail-Version: 1.5.1 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: 7bit X-Spam-Score: -0.3 (/) X-Spam-Report: Spam Filtering performed by mx.sourceforge.net. See http://spamassassin.org/tag/ for more details. -0.3 RP_MATCHES_RCVD Envelope sender domain matches handover relay domain X-Headers-End: 1Unbnu-0000uT-T0 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: Fri, 14 Jun 2013 21:45:08 -0000 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. 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. Andreas 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" > 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 where > the price is floating independently of Bitcoin.. that is, how you would know > the right amount of Bitcoin to require sacrificed.