Quote from: vortex1878 on February 04, 2014, 12:37:24 AM

Quote from: jimmothy on February 04, 2014, 12:33:01 AM

Quote from: ThickAsThieves on February 03, 2014, 11:46:10 PM

Quote from: Bitye West on February 03, 2014, 10:20:20 PM

Quote from: JahPowerBit on February 03, 2014, 06:57:45 PM

AM does not need to do so himself. Any big trusted shareholder can issue AM assets with Counterparty.

This is true. It would be awesome to see an Asicminer-direct-share-backed asset issued on Counterparty.

Maybe ThickasThieves would be up for the task?

This would be the first "Bitcoin blue chip" asset on a decentralized exchange. One small step for TAT, one giant leap for Bitcoin securities.

In case any of you missed it in my old rants, I don't actually believe decentralized exchanges are a good thing. Even AM's own exchange, which they began creating last year, has many inconveniences, and, is ultimately centralized anyway.

I don't even believe decentralized exchanges are sustainable in any way that provides valuable purpose. Most amount to moving trust from one place to another, or breaking trust into a few parts. Trust is always required, efficiency is always required, resources are always required. These things all converge as order in chaos. That order is centralization.

I'm not a part of the "decentralize everything!" parade, but I do believe in the concept of "empires to ashes". Eventually a thing becomes so central and powerful it collapses, whether it be by its own lack of agility, or by a paradigm shift. For many people, Bitcoin is the first time they experienced a paradigm shift in a very long time. It's exciting to have your world rocked, but Bitcoin is not a casting call for paradigm-shifters. Way too many people think we now have the power to break apart anything we can get our hands on, and turn into little pieces that somehow work better. Decentralization is not your hammer, and stock exchanges are not your nail.

I can appreciate people trying new things, but an economy is more than protocol, sorry. I'm not saying the theory of a Colored Coin exchange is impossible, I'm saying the usefulness of it is. Any fruits of Colored Coin, Master Coin, etc, will do nothing more than appear decentralized in concept, and behave centralized in practice.

Even Bitcoin itself only thrives through where it is efficiently "centralized": mining pools, exchanges, venture capital, this forum, etc, etc, etc.

Having to trust 3 people instead of 1 is not decentralization. Having to trust that system instead of this one, is not decentralization. Do you REALLY want every business under the sun "IPO"ing? Is every random business truly qualified to run its own security? So what if you can trust the decentralized exchange, none of the issuers will be easy to trust, now will they? How do you trust what you are buying and whom you buy it from?

If you really want to mitigate trust issues in this world, why aren't you all fighting to get people to use a/the Web of Trust (http://bitcoin-otc.com/trust.php)? Why are people finding ways to pervert bitcoin with burns, when they should be making a decentralized web of trust that is more friendly and easy to use? Doesn't anyone realize how big "digital identity" will be going forward?

We don't need more tinkering with reinventing Bitcoin, we need an agile identity/trust service. Think about it. Sure we have the current WoT, sure we have +Trust in this forum. But the WoT is not easy to use for beginners, nor is it a convenient means of auth/trust for online services. And, the forum's +Trust feature is much too centralized, weak, and narrow in focus.

Finally, everyone, please don't be an idiot and go "burning" coins, or locking them into some silly meta protocol forever. Anyone that's been around for more than a couple months should know by now to just hold onto your damn bitcoins. That's all you have to do.

I agree that for trading purposes something like colored coins would be a huge hassle and require escrow.

But it would be extremely useful if we could send shares to and from an exchange with ease just like withdrawing bitcoins.

Nobody cares about your opinion. You have proven to be not to be taken seriously many times. Please leave this thread for the adults, kiddo.

Lol what are you so butthurt about?

Your comment says something about who really needs to grow up.

I am here to have a serious discussion about this topic and if you cant handle someone having an opinion you don't agree with be you shouldn't be on a discussion board.

Do you disagree with my opinion that colored coins would make it extremely convenient to move shares to and from an exchange? I would love to hear your opinion as you are clearly a much more intellectual and mature "adult"