From: Andreas Petersson <andreas@petersson•at>
To: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] is there a way to do bitcoin-staging?
Date: Fri, 14 Jun 2013 23:25:44 +0200 [thread overview]
Message-ID: <51BB8A58.7000308@petersson.at> (raw)
In-Reply-To: <201306142110.09687.luke@dashjr.org>
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.
next prev parent reply other threads:[~2013-06-14 21:45 UTC|newest]
Thread overview: 27+ messages / expand[flat|nested] mbox.gz Atom feed top
2013-05-19 13:23 Adam Back
2013-05-19 15:08 ` Peter Vessenes
2013-05-20 6:34 ` Alan Reiner
2013-10-14 18:08 ` Adam Back
2013-10-14 18:21 ` Jeff Garzik
2013-11-21 20:22 ` coinscoins
2013-11-21 20:35 ` Melvin Carvalho
2013-11-21 21:11 ` [Bitcoin-development] bitcoin 1.x & 0.x in parallel (Re: is there a way to do bitcoin-staging?) Adam Back
2014-03-16 22:58 ` [Bitcoin-development] 2-way pegging " Adam Back
2014-03-16 23:22 ` Jorge Timón
2014-03-17 15:55 ` Gregory Maxwell
2013-10-14 18:43 ` [Bitcoin-development] is there a way to do bitcoin-staging? Michael Gronager
2013-10-14 20:20 ` Alan Reiner
2013-05-22 3:37 ` zooko
2013-05-22 4:12 ` Jeff Garzik
2013-05-20 7:12 ` Luke-Jr
2013-06-13 13:39 ` Adam Back
2013-06-14 19:20 ` Peter Todd
2013-06-14 20:50 ` Adam Back
2013-06-14 21:10 ` Luke-Jr
2013-06-14 21:25 ` Andreas Petersson [this message]
2013-06-15 0:09 ` Dennison Bertram
2013-06-15 1:57 ` Luke-Jr
2013-06-15 8:43 ` Dennison Bertram
2013-06-15 11:18 ` Melvin Carvalho
2013-06-15 13:26 ` Dennison Bertram
2013-06-16 15:46 ` Dennison Bertram
Reply instructions:
You may reply publicly to this message via plain-text email
using any one of the following methods:
* Save the following mbox file, import it into your mail client,
and reply-to-all from there: mbox
Avoid top-posting and favor interleaved quoting:
https://en.wikipedia.org/wiki/Posting_style#Interleaved_style
* Reply using the --to, --cc, and --in-reply-to
switches of git-send-email(1):
git send-email \
--in-reply-to=51BB8A58.7000308@petersson.at \
--to=andreas@petersson$(echo .)at \
--cc=bitcoin-development@lists$(echo .)sourceforge.net \
/path/to/YOUR_REPLY
https://kernel.org/pub/software/scm/git/docs/git-send-email.html
Be sure your reply has a Subject: header at the top and a blank line
before the message body.
This is a public inbox, see mirroring instructions
for how to clone and mirror all data and code used for this inbox