Re: [ANN] SpreadCoin | Decentralize Everything (official thread)
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What a really interesting chart. Its got the brain cells working away faster than normal. There is a mention of side chains with bitcoin in the PoBN white paper, but if Dash were to add support for side chains, then that opens up so many opportunities for every project. Great contribution, thanks.
What a really interesting chart. Its got the brain cells working away faster than normal. There is a mention of side chains with bitcoin in the PoBN white paper, but if Dash were to add support for side chains, then that opens up so many opportunities for every project. Great contribution, thanks.
Thank you, coins101. Coincidentally this idea is on topic today for DASH:
New interview with Andreas Antonopoulos talking about Dash as a sidechain of Bitcoin
https://www.youtube.com/watch?v=kSq-58ElBzk&t=20m1s
Is this related to the budget about travel to Satoshi Roundtable Conference?
https://www.youtube.com/watch?v=kSq-58ElBzk&t=20m1s
Is this related to the budget about travel to Satoshi Roundtable Conference?
You can't make Dash into a side-chain, it's immune to that. The economic model won't function properly on a side chain and whole thing will be insecure. Who's paying the masternodes an incentive, where is that money coming from?
I understand what you're saying, but I think he was talking about sidechains connecting on either end to Dash (or other coin's chain) and Bitcoin, allowing for distributed exchanges.
http://imagize[Suspicious link removed]ageshack.us/v2/xq90/922/acaM8U.png
![http://imagize[Suspicious link removed]ageshack.us/v2/xq90/922/acaM8U.png](http://imagize[Suspicious link removed]ageshack.us/v2/xq90/922/acaM8U.png){kind=link}
Where you buy, momentarily, into the side chain to switch from one coin to the other, and the "price of a side chain "coin" would be based on the exchange rate agreed to. There would be no holding of this sidechain coin, it's only a unit of transfer. I don't know if I'm making sense, but I think this is what he was talking about in part of what he said, though he also suggested new coins could be created off a sidechain of the Bitcoin Blockchain, thus inheriting Bitcoin's security. Two different points. Unless I understood him incorrectly??