Colored coins
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I’ve recently heard about colored coins being developed for bitcoin.
https://bitcoin.stackexchange.com/questions/5695/what-are-colored-coinsIs this also possible for Feathercoin?
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Colored coins overload the blockchain with noise as far as I understand.
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We should try colored coins on Dogecoin first to test.
[sub]lulz[/sub]
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Based on their response to Link, they’d probably say “OMG WTF theyz trying to make us racist now as well as putting kiddy porn and torrents in our blockchain!!!”
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From what I understand colored coins were not popular at Bitcoin. As I understood, this is coin tainting and thus against all coins being equal, like cash, and to prevent an external human control mechanisms?
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Ok…
So my take on clouring coins has 2 major potential effects… I stress the word potential…
A. It will make it more big brother friendly.
B. It will mess with Satoshi’s fundamental ideal for crypto’s in general.So I’m divided.
I think we wait and see.
Either we implement Zero Coin… Or we colour our coins. Or we sit back and do neither… Or, if it is possible, give users the opportunity to choose between coloured feathercoins or truly anonymous feathercoins.
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I think we those 2 major changes we have no choice but to do neither, to retain “trust” in what we are.
We could include Zerocoin in “BitFeather” a Sha256 - ASIC friendly version of Feathercoin, to gain experience before Scrypt ASICS come out.
There is also a need for Zerocoin or such and Non-ScryptASIC algorythm and other features should be designed into a new coin so Litecoin and Feathercoiners can move their redundant GPUs to help start the next generation coins…
It is also not necessary to do such big changes, as all the coin mixing features are more effective external. I also know that Feathercoin is going to be too big a success and we will have other more urgent problems of scale to deal with.
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[quote name=“MrFeathers” post=“51999” timestamp=“1389678176”]
I’ve been in favor of zerocoin since it was brought up last summer as it would set us apart as a truly unique coin. I think a lot of people here would support its implementation into feathercoin but the problem is that zerocoin is difficult and none of the current developers (who work for free) can code it and we dont have money to hire someone who can. :(
[/quote]Implementation of zerocoin will make payments anonymous. As this makes it more easy to move money around (as in money laundering), I wonder if zerocoin will help governments to adopt cryptocurrency. Or am I missing a point here?
