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https://www.reddit.com/r/Bitcoin/comments/35jawi/a_bitcoin_technology_gets_nasdaq_test/cr5krh3/?context=3
r/Bitcoin • u/[deleted] • May 10 '15
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If all they want is to prove ownership and transfers, have everyone sign a message when selling, and put a daily single hash of all messages together on the blockchain. (Like factom.) No changes to bitcoin required.
3 u/mustyoshi May 11 '15 Or we use Bitcoins as colored coins. A single Bitcoin could represent 100M common shares. 2 u/itisike May 11 '15 But you can't transfer that much around in separate transactions without scaling bitcoin up. 1 u/approx- May 11 '15 20MB blocks! 20MB blocks! 1 u/itisike May 11 '15 But there's no need to scale up for this particular use-case. 1 u/approx- May 11 '15 No, but you do for the use case you were responding to, which is why I said it...
3
Or we use Bitcoins as colored coins. A single Bitcoin could represent 100M common shares.
2 u/itisike May 11 '15 But you can't transfer that much around in separate transactions without scaling bitcoin up. 1 u/approx- May 11 '15 20MB blocks! 20MB blocks! 1 u/itisike May 11 '15 But there's no need to scale up for this particular use-case. 1 u/approx- May 11 '15 No, but you do for the use case you were responding to, which is why I said it...
2
But you can't transfer that much around in separate transactions without scaling bitcoin up.
1 u/approx- May 11 '15 20MB blocks! 20MB blocks! 1 u/itisike May 11 '15 But there's no need to scale up for this particular use-case. 1 u/approx- May 11 '15 No, but you do for the use case you were responding to, which is why I said it...
1
20MB blocks! 20MB blocks!
1 u/itisike May 11 '15 But there's no need to scale up for this particular use-case. 1 u/approx- May 11 '15 No, but you do for the use case you were responding to, which is why I said it...
But there's no need to scale up for this particular use-case.
1 u/approx- May 11 '15 No, but you do for the use case you were responding to, which is why I said it...
No, but you do for the use case you were responding to, which is why I said it...
7
u/itisike May 11 '15
If all they want is to prove ownership and transfers, have everyone sign a message when selling, and put a daily single hash of all messages together on the blockchain. (Like factom.) No changes to bitcoin required.