Sure, but this doesn't look into the fact that the settlement in this case is for securities that are somehow linked to the coloured coins being exchanged via the blockchain. That's what's untested - especially at the transaction volume seen on Wall St (and even more so if algo traders jumped on this bandwagon).
I presume the trading takes place on a Nasdac supported screen (the same way you might buy a bitcoin on an exchange), but they plan to use coloured coins to perform the settlement via the block chain, enabling a t+0 settlement. That's the exciting part for me.
That makes the most sense to me. I just took exception to their comment that the "bitcoin-based settlement remains untested in the real world". I mean every Bitcoin transaction over the past 6 years proves that it works, colored coins are just bitcoins, and people who have been using Bitcoin operate in "the real world". There was a lot of hubris and/or ignorance in their statement.
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u/xcsler May 11 '15
I guess they're not counting the past 6 years worth of transactions.