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fiatjaf 2y ago

Learn about Spacechains here: https://vimeo.com/703246895/d89aba6e56

Experience them in first person here: https://github.com/fiatjaf/soma

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yutaro 2y ago

👀⚡️

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HoloKat 2y ago

What do we think of space chains?

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nothenry 2y ago

Idk what it is but it sounds badass

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HoloKat 2y ago

Block space inside the bitcoin blockchain that can be used to issue assets. Basically what shitcoins do but without the pump and dump / insiders

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rkfg 2y ago

So, shitcoining on bitcoin. Just what I thought, got it.

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dwarner5522 2y ago

To me I don't see the need for burning bitcoin to create the space chain token or locking bitcoin to give to miners at a future date like he mentions?? (don't quite understand the mechanics of how that would work). Rather why not just lock the bitcoin in a multisig wallet whereby the only way that bitcoin could be released is to burn the space chain token.

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pam 2y ago

This space chain concept has been on my mind all week. Love the separation of ecosystem from the block, dislike token concept. I think finding ways to make transactions through Bitcoin only would speed up global currency adoption. It’s not like people don’t trade USDs, but because of its heavy usage you can’t pump and dump with it (well the feds can but you get the point). The heavier the usage is for regular buy and sell / commodities, the better it’s gonna be.