Archiving old coins on Ethereum - some thoughts
Update 7/12/2017: There is an elegant approach to the fee problem raised bellow by designing the virtual transaction overlay so that anyone can submit them by paying the Eth fees themselves in order to claim a fraction of the simulated currencies (perhaps as part of the virtual mining process.) The fee idea was raised by someone else, but its possible to adapt it and use it here to make the whole system work as intended.
Recently someone over at /r/ethereum posted a very interesting topic - the idea of building Bitcoin on top of Ethereum.
It’s an interesting thought experiment for many reasons - how would you actually do it? How would you optimize data storage? Are new changes possible? And so on. But more than that it seems to offer potential - by bringing them to Ethereum they become interoperable!
So first of all let me say that I really like this idea, but I also think that we...
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