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

in #bitshares7 years ago (edited)

I think the idea is fantastic, especially switching from POW to DPOS as it provides a much more fair governance system that can't be controlled with excessive hardware. Better for the planet too!

Would you plan to issue entirely new coins in no way connected to the original chain to prevent replay attacks? If so, scaling to the intended 21 million would be increasingly meaningless as a good proportion of those coins are likely to be lost and there is no tie back to the originals anyway.

The other argument against scaling to 21 million would be the infaltion you mentioned. If people are looking for stability and perceived value in the various post-split chains, this would give the DEX BTC an edge.

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I think the idea is fantastic, especially switching from POW to DPOS as it provides a much more fair governance system that can't be controlled with excessive hardware.

Indeed, no more centralized dev/mining groups limiting the token.

Better for the planet too!

Yep, a massive reduction in energy footprint (less deaths caused by pollution than traditional BTC).

Would you plan to issue entirely new coins in no way connected to the original chain to prevent replay attacks?

Yeah the idea would be to import your private keys which wouldn't be different between the BTC forks.

Sounds like we should be buying up BTS while it's cheap before things really take off!