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Very true, we don't need everything to be pegged to a single currency. Another development that will make moving between crypto-currencies more fluid will be de
by josephagoss 13y ago
Very true, we don't need everything to be pegged to a single currency. Another development that will make moving between crypto-currencies more fluid will be decentralized exchanges.
I believe that apart from Counterparty and ColoredCoins, Ethereum may also be able to run as a decentralized exchange in fact helping Bitcoin and the other Alternative coins.
I assumed a long time ago that eventually many of these coins will somehow tie into each other in the process of building the future foundations of a new decentralised internet. I think that time is coming.
- jafaku 13y ago> Very true, we don't need everything to be pegged to a single currency. Another development that will make moving between crypto-currencies more fluid will be decentralized exchanges. That's not the point. The point is knowing that you won't lose money by trying out altcoins. With sidechains, at any point you can claim back your original bitcoins. You won't be left holding the bag as it happens all the time with separate blockchain altcoins.
- healingplasma 13y ago> You won't be left holding the bag Yeah, unless it's 51% attacked in which case you would lose everything.