You could either waste the arbitrary amount of 5430 satoshis for every colored coin, or, with the collaboration of a single mining pool, you can get colored coins transactions through even with 1 satoshi outputs. Imho, that is the best place for them as it offers other possibilities, tying identifiers and credentials to coloured coins being the most obvious, but others also. (Or, if you put 1000 of them together, you could go directly to the issuer and obey KYC / AML and get a bank wire.)Ĭoloured coins can always go on the namecoin blockchain where they get almost as good security because of merged mining. From this point, you can trade in units of 1, or 5, or 20 Euros (etc) and you could trade these units with your friends for physical Euros. This colored coin could remain on the blockchain, but if you moved it to an OT server, you could break it up into 1000 units and trade them as individual Euros. Let's say that the above transfer is used to issue a colored coin with the value of 1000 Euros. Therefore, 0.00055430 is (measured in dollars) worth a little less than 7 cents, aka $0.07. Therefore, a total transfer of: 0.00055430 BTCĪs I write this, the last trade on MtGox was at the price: $121.50000 per BTC. Let's assume that the smallest possible transfer is 0.00005430 BTC - and let's assume a fee of 0.0005. The Holy Grail! I wish I could kiss the author of Bitmessage on his face.Īre colored coins even economical in 0.8.2? I heard some concerns that the stifling of dust transactions would effect them.
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