Discover and read the best of Twitter Threads about #ColoredBitcoin

Most recents (1)

1/

Time for #nftarthistory to contextualise the historic @MekaVerse raffle

In 2012 @yoniassia put forth the fundamental idea of having 🪄distinct assets🧬 "on top of the Bitcoin network." The proposed key value of these #ColoredBitcoin was COMMUNITY!

#NFTcommunity #NFTmania
2/

"Bitcoin 2.x is an idea to separate the bitcoin network (technology) from the value of a currency (community) using the bitcoin network..."

from the original whitepaper:
yoniassia.com/coloredbitcoin/
3/

So the idea was essentially to use some ordinary BTC to create a different breed of "rare coins". 1st BTC would be allocated into a "Genesis Transaction" & then it'd be distributed among clients.

This way BTC that went thru the Genesis Tx would be different from the rest.
Read 12 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!