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

in #bitshares7 years ago

but Bitcoin is like the Highlander - There can be only one :)

So we don't name it after Bitcoin, we rebrand the token yet keep the BTC distribution.

In the foreseeable future it will be the same coin based on Nakamoto code, so do not waste time & money as no one outside BitShares community would support it.

No it wouldn't, it'd be an User Issued Asset, none of the BTC code/functionality/blockchain/mechanisms would be carried over, simply the current asset distribution. There would be very little support required for the UIA once issued, users could import their keys to claim years later without issue.

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@cm-steem

Hi, I'm talking about actual Bitcoin, not your UIA :)
tl;dr
I see no point in issuing an asset with little to no support among current Bitcoin users, but airdrop hunters :)

PS
the use case is the key, what would be the use case for the proposed "Bitcoin" UIA?
BitShares now has a huge challenging project, HERO, better stick with it, I think

I see no point in issuing an asset with little to no support among current Bitcoin users, but airdrop hunters :)

Considering we've only begun talking about the idea in the last two days & not seriously attempted to reach out to BTC users yet, I think it's premature to assume that this kind of an UIA wouldn't have any kind of support.

The use case is the key, what would be the use case for the proposed "Bitcoin" UIA?

Primarily as a method of drawing Bitcoin users to the BTS DEX & proving the technological superiority of BTS over BTC.

BitShares now has a huge challenging project, HERO, better stick with it, I think

Considering there are thousands of assets issued on the BTS DEX, we shouldn't as a community focus on only one token.