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Counterparty - create and register assets. Create secondary markets for those assets. STORJ - (storage in a southern dialect combined with startup lingo) - A C

Counterparty - create and register assets. Create secondary markets for those assets. STORJ - (storage in a southern dialect combined with startup lingo) - A Counterparty asset that is used as fuel for a decentralized unlimited cloud storage platform. Farmers offer storage, consumers upload shards of their files to a variety of different farmers. Encrypted, unlimited, redundant. I believe the STORJ company now has VC funding as well. OMNI - create and register assets. Create secondary markets for those assets. (Counterparty and OMNI compete for market share) Tether - An OMNI asset which is used to create stable value cryptocurrencies that are representations of national currencies. The Tether company has a centralized account of USD and EUROs, but this enables people to hold stable value cryptocurrencies, or "cash out", but not have to worry about the long delay of getting national currency from a bank. Primarily used for trading. All of the above metalayers create transactions on the bitcoin network, and settle on that blockchain, so if that disqualifies them all because they use bitcoin underneath, then Dogecoin has a Counterparty layer as well :)

runeks 10y ago
> All of the above metalayers create transactions on the bitcoin network, and settle on that blockchain, so if that disqualifies them all because they use bitcoin underneath, then Dogecoin has a Counterparty layer as well :) My point was precisely that you cannot, as far as I can see, separate blockchain technology from Bitcoin. My argument is that it's not blockchain technology that's useful, but rather a blockchain, in itself, that's useful. And it's useful because it's a distributed, proof-of-work timestamp server. The value of Bitcoin comes not from the technology it uses, but from its incentive structure. An increase in the value of bitcoins feeds back into the system, resulting in an increase in security (hash rate) by way of an increase in the profitability of mining. Since Bitcoin's value comes from its time-stamping ability, and since this time-stamping is done using proof-of-work, it makes sense for an increase in the hash rate to also cause an increase in value, at least up to a certain point (provided no changes to the protocol are made to take advantage of the enormous hash rate of the current network).
- elastic_church 10y ago
  Hm, okay, well since we're preaching to the choir here I'm not sure why I got the downvote. Your question was vague.

runeks 10y ago

> All of the above metalayers create transactions on the bitcoin network, and settle on that blockchain, so if that disqualifies them all because they use bitcoin underneath, then Dogecoin has a Counterparty layer as well :) My point was precisely that you cannot, as far as I can see, separate blockchain technology from Bitcoin. My argument is that it's not blockchain technology that's useful, but rather a blockchain, in itself, that's useful. And it's useful because it's a distributed, proof-of-work timestamp server. The value of Bitcoin comes not from the technology it uses, but from its incentive structure. An increase in the value of bitcoins feeds back into the system, resulting in an increase in security (hash rate) by way of an increase in the profitability of mining. Since Bitcoin's value comes from its time-stamping ability, and since this time-stamping is done using proof-of-work, it makes sense for an increase in the hash rate to also cause an increase in value, at least up to a certain point (provided no changes to the protocol are made to take advantage of the enormous hash rate of the current network).

elastic_church 10y ago
Hm, okay, well since we're preaching to the choir here I'm not sure why I got the downvote. Your question was vague.