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Show HN: Create a custom app coin on the Bitcoin blockchain

34 points by barisser 12y ago

Oculus 12y ago
Misread the title to be "Create a Custom App on Bitcoin Blockchain". I've been dreaming up a framework which allows developers to create applications that use a single point of truth that's not centralized. With my limited understanding of the way Bitcoin works, it seems like a good system to model after.
- drcode 12y ago
  http://Ethereum.org http://Ethereum.org
- bitsweet 12y ago
  Hi Oculus This API was created so that ownership of the apps built on Assembly are on the blockchain. We even support the option for you to receive your proceeds from the profitable products in Bitcoin using this API. This isn't vaporware, there are already real products being built by a distributed on Assembly using this. disclosure: I work at Assembly
- williamcotton 12y ago
  "single point of truth that's not centralized" Outside of the blockchain, what other examples are out there? It seems to me like trying to do something similar with Usenet, DHTs, IRC, XMPP, BitTorrent, or Freenet all have issues that don't really allow for this. Am I just mistaken? Please, enlighten!
JacobEdelman 12y ago
This would be great except the 2 cent transfer cost seems high.
- barisser 12y ago
  These are transaction fees inherent to the Bitcoin Blockchain. But also 2 cents to transfer ownership is a lot cheaper than existing trading fees.
  - JacobEdelman 12y ago
    True, but an alternative system can be built outside of the Bitcoin Blockchain to feasibly do the same thing. (such as https://www.ethereum.org/ https://www.ethereum.org/)
    - barisser 12y ago
      Ethereum still involves transactional costs. One way or another you have to pay for decentralized security. But the costs should be far less than legacy systems. Also because of network effects, it is probable that only one cryptocurrency will dominate, likely Bitcoin. So it is convenient for ownership to take place on Bitcoin and not in a competing altcoin. We'll see how things progress when Ethereum comes out.
    - vitno 12y ago
      hahah, ethereum. Or you know, you could use practically any other system that doesn't try to be money (or en ethereum's case, an everything wannabe)
barisser 12y ago
Hi HackerNews, I'm a Bitcoin Engineer at Assembly. I've built a Colored Coins implementation on the Bitcoin Blockchain to track partner's ownership of products they build collaboratively. As cryptographically secure tokens, Assembly Coins can be transferred with the same ease as Bitcoin with none of the currency risk. You can cryptographically demonstrate your ownership over businesses, earn royalties, and be an owner from anywhere. Check out the API docs for some cool curl commands to get started. Or sign up and get free Assembly Coins. You can see existing the Assembly Coins distribution, wholly derived from the Blockchain, here: https://coins.assembly.com/colors/39u6BdXu8e3aNU8yoMSsVHHvQynLVuktZw https://coins.assembly.com/colors/39u6BdXu8e3aNU8yoMSsVHHvQy...
- MORGELD 12y ago
  Why isn't the Assembly platform itself open-source (see: Gittip aka Gratipay)?
- gee_totes 12y ago
  Sounds cool! Just FYI, the search button on the upper left takes me to: https://coins.assembly.com/colors/null https://coins.assembly.com/colors/null when I try to search something
adv0r 12y ago
also nushares implement a voting system on the blockchain, dividend payments, etc
deleted 12y ago
[deleted]

34 points by barisser 12y ago

Misread the title to be "Create a Custom App on Bitcoin Blockchain". I've been dreaming up a framework which allows developers to create applications that use a single point of truth that's not centralized. With my limited understanding of the way Bitcoin works, it seems like a good system to model after.

drcode 12y ago
http://Ethereum.org http://Ethereum.org
bitsweet 12y ago
Hi Oculus This API was created so that ownership of the apps built on Assembly are on the blockchain. We even support the option for you to receive your proceeds from the profitable products in Bitcoin using this API. This isn't vaporware, there are already real products being built by a distributed on Assembly using this. disclosure: I work at Assembly
williamcotton 12y ago
"single point of truth that's not centralized" Outside of the blockchain, what other examples are out there? It seems to me like trying to do something similar with Usenet, DHTs, IRC, XMPP, BitTorrent, or Freenet all have issues that don't really allow for this. Am I just mistaken? Please, enlighten!

JacobEdelman 12y ago

This would be great except the 2 cent transfer cost seems high.

barisser 12y ago
These are transaction fees inherent to the Bitcoin Blockchain. But also 2 cents to transfer ownership is a lot cheaper than existing trading fees.
- JacobEdelman 12y ago
  True, but an alternative system can be built outside of the Bitcoin Blockchain to feasibly do the same thing. (such as https://www.ethereum.org/ https://www.ethereum.org/)
  - barisser 12y ago
    Ethereum still involves transactional costs. One way or another you have to pay for decentralized security. But the costs should be far less than legacy systems. Also because of network effects, it is probable that only one cryptocurrency will dominate, likely Bitcoin. So it is convenient for ownership to take place on Bitcoin and not in a competing altcoin. We'll see how things progress when Ethereum comes out.
  - vitno 12y ago
    hahah, ethereum. Or you know, you could use practically any other system that doesn't try to be money (or en ethereum's case, an everything wannabe)

barisser 12y ago

Hi HackerNews, I'm a Bitcoin Engineer at Assembly. I've built a Colored Coins implementation on the Bitcoin Blockchain to track partner's ownership of products they build collaboratively. As cryptographically secure tokens, Assembly Coins can be transferred with the same ease as Bitcoin with none of the currency risk. You can cryptographically demonstrate your ownership over businesses, earn royalties, and be an owner from anywhere. Check out the API docs for some cool curl commands to get started. Or sign up and get free Assembly Coins. You can see existing the Assembly Coins distribution, wholly derived from the Blockchain, here: https://coins.assembly.com/colors/39u6BdXu8e3aNU8yoMSsVHHvQynLVuktZw https://coins.assembly.com/colors/39u6BdXu8e3aNU8yoMSsVHHvQy...

MORGELD 12y ago
Why isn't the Assembly platform itself open-source (see: Gittip aka Gratipay)?
gee_totes 12y ago
Sounds cool! Just FYI, the search button on the upper left takes me to: https://coins.assembly.com/colors/null https://coins.assembly.com/colors/null when I try to search something

adv0r 12y ago

also nushares implement a voting system on the blockchain, dividend payments, etc

deleted 12y ago

[deleted]