Re: ChromaWallet (colored coins): issue and trade private currencies/stocks/bonds/..
If a small nugget of bitcoin is like an ounce of gold,
Then this would be like taking the gold, hammering it flat, and writing "House Title" on it.
You could "melt" all these little satoshis back to bitcoins, probably.
Then this would be like taking the gold, hammering it flat, and writing "House Title" on it.
You could "melt" all these little satoshis back to bitcoins, probably.
Great anology. This will ultimately put Wall Street on the ropes. Once trust levels are established, colored coins will be more dangeoures to traditional finance than bitcoin is to fiat. Wall Street makes billions of dollars in investment banking aka taking companies public. Not for long. I see dollar signs
