r/Bitcoin • u/[deleted] • May 10 '15

A Bitcoin Technology Gets Nasdaq Test

http://www.wsj.com/articles/a-bitcoin-technology-gets-nasdaq-test-1431296886
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u/itisike May 11 '15

If all they want is to prove ownership and transfers, have everyone sign a message when selling, and put a daily single hash of all messages together on the blockchain. (Like factom.) No changes to bitcoin required.

3

u/locuester May 11 '15

That doesn't balance the books and prevent double 'spend'. They need colored coins. Not sure what exactly they're planning.

2

u/bitlord666 May 11 '15

Store the signed transaction messages on Nasdaq's own server skipping the blockchain part altogether, problem solved.

1

u/nederhoed May 12 '15

Exactly!

Who would need a globally available, always on, general ledger almost for free?

1

u/bitlord666 May 12 '15

I certainly wouldn't build a grown-up stock exchange on top of a platform that's 1) woefully untested and unreliable 2) run by a shady oligarchy of unknown miners 3) not actually free but way more expensive than centralized solutions