RE: Migrating Bitcoin onto the BTS DEX via UIA snapshot/sharedrop?

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RE: Migrating Bitcoin onto the BTS DEX via UIA snapshot/sharedrop?

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ash (73)in #bitshares • 7 years ago (edited)

It's a great idea, but find a way without a hardfork.

would be cool if there was a wizard bot setup, like byteball, that let's you setup an account and you can link btc addresses via signed message.

this would be more centralized, however, Assets need more functions anyways. such as "lock max amount".

here's how I imagine Bot contact:

Hello

One second...
Here's your BitShares Account: Acc - Password
LINKS TO WALLET
Make sure to backup your credentials
Just paste your Bitcoin Address to link

BTC ADR

Please sign a message: kgjltzjhelhi

Signed

Thanks! 5 BTC linked, you received 5 BTCINSTA (BTCi)

7 years ago in #bitshares by ash (73)

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cm-steem (67) 7 years ago (edited)

It's a great idea, but find a way without a hardfork.

Graphene based cryptos are far more capable of implementing hardfork/mandatory changes than BTC is, we already have several other hardfork worthy changes in BTS' roadmap, we could throw in the change during one of these upgrade periods.

Take Steem for example, they've performed 19 HFs successfully thus far!

would be cool if there was a wizard bot setup, like byteball, that let's you setup an account and you can link btc addresses via signed message.
this would be more centralized, however, Assets need more functions anyways. such as "lock max amount".

This would be centralized though with a counterparty/middleman risk & we would need to monitor signed transactions on one or many Bitcoin split blockchains for a long period of time (unless there was a limited period of time to claim the tokens?).

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ash (73) 7 years ago

Graphene based cryptos are far more capable of implementing hardfork/mandatory changes than BTC

With the exception that you need stakeholder approval, after that you need witnesses and proxies to play along, if witnesses do not play with you, they need to be changed.

to make it short: I can barely see this passing stakeholder voting stage.

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cm-steem (67) 7 years ago (edited)

Why do you believe this kind of a change (enabling the snapshot/sharedrop of an UIA against an external crypto) would not pass the stakeholder voting stage?

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