From: Flavien Charlon <flavien.charlon@predictious•com>
To: Alex Mizrahi <alex.mizrahi@gmail•com>
Cc: bitcoin-development@lists•sourceforge.net
Subject: Re: [Bitcoin-development] Feedback request: colored coins protocol
Date: Thu, 10 Apr 2014 13:19:18 +0100 [thread overview]
Message-ID: <CABbpET93YxPepKLHFKKabr6P7vpkRDOouVuo8zmWAf3FKc85Cg@mail.gmail.com> (raw)
In-Reply-To: <CAE28kURu7-OgY6vN0az6rQUGpChK76ZQL9_eL1J4j-HZOqhRYA@mail.gmail.com>
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Thanks for the valuable feedback. I see there is a strong concern with
requiring a large BTC capital for issuing coloring coins, so I am now in
the process of modifying the specification to address that. I will post an
update when this is finished.
By the way, padding doesn't solve the issue entirely (issuing 10 billion
shares sill takes you 100 BTC, even with padding and 1 satoshi = 1 share),
so I am going for the solution where the asset quantity of every output is
explicitly encoded in the OP_RETURN output. That way, whether you are
issuing 1 share or 100 trillions, you never need to pay more than 540
satoshis.
On Mon, Apr 7, 2014 at 8:58 PM, Alex Mizrahi <alex.mizrahi@gmail•com> wrote:
> This is beyond ridiculous...
>
> Color kernel which works with padding is still quite simple. I think we
> have extra 10-50 lines of code to handle padding in coloredcoinlib.
> Essentially we have a couple of lines like this :
>
> value_wop = tx.outputs[oi].value - padding
>
> (value_wop means "value without padding").
> And then we have like 10 lines of code which selects padding for a
> transaction.
>
> That's not a lot of extra complexity. And it solves the problem once and
> for all.
>
> What you propose instead: "a different colored coin representing 10
> shares, and another one representing 100 shares (like the different
> denominations of dollar bills)" is much more complex, and it won't work:
>
> Suppose you have $100 coin, as a single coin.
> How do you send $54.23?
> That's simply impossible.
>
> So you'd rather push complexity to higher levels (and create inconvenience
> for end users, as you admitted yourself) than add 10-50 lines of code to
> color kernel?
> I just do not understand this.
>
> But I'm not going to argue. I already wrote everything which I could write
> on this topic.
>
>
>
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next prev parent reply other threads:[~2014-04-10 12:26 UTC|newest]
Thread overview: 16+ messages / expand[flat|nested] mbox.gz Atom feed top
2014-04-06 20:59 Flavien Charlon
2014-04-06 23:23 ` Mark Friedenbach
2014-04-07 9:49 ` Flavien Charlon
2014-04-07 12:12 ` Jorge Timón
2014-04-07 14:00 ` Flavien Charlon
2014-04-07 15:06 ` Mark Friedenbach
2014-04-07 15:19 ` Flavien Charlon
2014-04-07 18:23 ` Jorge Timón
2014-04-07 19:26 ` Flavien Charlon
2014-04-07 19:58 ` Alex Mizrahi
2014-04-10 12:19 ` Flavien Charlon [this message]
2014-04-10 14:28 ` Jean-Pierre Rupp
2014-04-10 16:59 ` Mark Friedenbach
2014-04-10 17:24 ` Alex Mizrahi
2014-04-11 12:51 ` Flavien Charlon
2014-04-07 11:28 ` Alex Mizrahi
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