Quote from: houseofchill on October 21, 2013, 01:58:58 PM

Quote from: empoweoqwj on October 21, 2013, 04:54:20 AM

Quote from: Franktank on October 20, 2013, 08:26:43 PM

The biggest thing to take from the update is the blockchain-based exchange. Bitfountain would get trading fees, transaction fees, and the mining income from the block itself. I'm sure asset registration fees would bring in a hefty bunch as well. They could market it as, "As long as the blockchain is still intact, you can maintain your asset."

Pardon my ignorance, but can you expand on what a "blockchain-based exchange" is? Would be appreciated. What are we exchanging here?

Now that the US is on the path to destroy bitcoin stock exchanges, people have come up with colored coins, based on decentralized stock trading on the blockchain, allowing for coexisting with bitcoin's main function. Look up colored coins.

colored coins is a really cool concept, only the anti-dust patch that was released in the main client kinda drops a stick into the gears of this concept...