[Bitcoin-development] Feedback request: colored coins protocol

Mark Friedenbach mark at monetize.io
Thu Apr 10 16:59:00 UTC 2014

On 04/10/2014 05:19 AM, Flavien Charlon wrote:
> By the way, padding doesn't solve the issue entirely (issuing 10 billion
> shares sill takes you 100 BTC, even with padding and 1 satoshi = 1
> share), so I am going for the solution where the asset quantity of every
> output is explicitly encoded in the OP_RETURN output. That way, whether
> you are issuing 1 share or 100 trillions, you never need to pay more
> than 540 satoshis.

At this point, I don't think what you are doing is even colored coins
anymore. You might want to look into Counterparty or Mastercoin.

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