Quote from: Peter R on May 28, 2014, 07:21:55 PM

Quote from: Its About Sharing on May 28, 2014, 07:07:01 PM

No matter how strong bitcoin is, I think it is VERY dangerous to put all your eggs in one basket.
That said, I think side tree's are a great idea for Bitcoin, but should not be the only game in town.
The more decentralized the overall structure, the more powerful imo it will be.

A spin-off is different than a side-chain or a tree-chain because the payment network for the spin-off is completely independent of bitcoin. The spin-off pre-mine only preserves the distribution of wealth encoded in the Blockchain at a certain Block #. The spin-off is bootstrapped such that bitcoin holders can claim their pre-mine from Block 0 by producing a signed message with their bitcoin private keys. Once the spin-off launches, it becomes entirely untethered from bitcoin, evolving as nature sees fit. This adds redundancy without wealth redistribution.

Thanks for the clarification there Peter. I know I heard this mentioned before and I must have repeatedly misread things. Grin

This is a fascinating way of taking alternate coins forward for supporters of Bitcoin. It sounds a little bit like NXT or Ether in that if you own the tokens you have a stake in other entities created.
~~Are the tokens distributed based on your bitcoin holdings, such that you sign a message (where?) to receive the tokens? At least initially I take it.~~
~~Are there any active plans or threads regarding this? Thanks in advance~~ Just saw the embedded link.

IAS