Bitcoin Tumbles as PBOC Declares Initial Coin Offerings Illegal

Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by kobeya on Monday September 04, 2017 @08:40PM (#15171746)

It is an alternative coin. Hence "altcoin."

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Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by atomical on Monday September 04, 2017 @09:50PM (#15171969)

I think of blockchain currency as coins and currency issued by a blockchain as tokens (i.e. ERC20).

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Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by tylersmith on Monday September 04, 2017 @10:46PM (#15172159)

There's no fundamental difference. Currently there are implementation differences but those will go away. Eventually Ether will be ERC20 compliant.

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Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by AgentME on Monday September 04, 2017 @10:57PM (#15172194)

>Eventually Ether will be ERC20 compliant.

Citation?

Ether is privileged on Ethereum. It's what mining gets you, it's what transaction fees are paid in, if proof-of-stake comes around, it will be what's staked, and any transaction can include some. I don't expect any of these to change.

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Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by cslarson on Tuesday September 05, 2017 @05:54AM (#15173748)

I think the reference is EIP 101: Crypto Abstraction which is planned for the Serenity release.

https://github.com/ethereum/EIPs/issues/28

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Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by AgentME on Thursday September 07, 2017 @06:50PM (#15196522)

Thanks, that's interesting. I take back some of my incredulity from my previous post!

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Re:Bitcoin Tumbles as PBOC Declares Initial Coin Offerings I... by decentralised on Tuesday September 05, 2017 @06:53AM (#15173969)

No because it is based on a different generation of the blockchain design. The same way that iOS is not an alt-blackberry.

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