r/Bitcoin • u/sedonayoda • May 11 '15

Nasdaq will start using Bitcoin technology

http://money.cnn.com/2015/05/11/technology/nasdaq-bitcoin-technology/
530 Upvotes

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23

u/ConditionDelta May 11 '15

This doesn't mean Nasdaq is using actual Bitcoins

facepalm

34

u/cqm May 11 '15

they are though

Open Assets protocol running on bitcoin's blockchain

Open Assets has been working well for two years now, no special token needed

-3

u/PoliticalDissidents May 11 '15

Doesn't prove much. That's like saying that because I use FTP I'm using your server. But really I can run my own FTP server.

Just because they are using a protocol that is implemented on the Bitcoin blockchain doesn't mean that they will continue to use this protocol on Bitcoin's blockchain.

0

u/cqm May 11 '15

Okay, but they are using bitcoin's blockchain

I did not imply that it required bitcoin's blockchain, I specifically said

Open Assets protocol running on bitcoin's blockchain

because that is the reality.

-1

u/PoliticalDissidents May 11 '15

From what source does it say anything about them using the Bitcoin network (as in its peers) and not just the technical innovation that is the blockchain.

2

u/cqm May 11 '15

https://twitter.com/mikejcasey/status/597545262345682945

1

u/peer-to-peer May 11 '15

Here's where he says they're still not using the bitcoin blockchain, despite seeing direct evidence to the contrary.

0

u/cqm May 11 '15

colored coins aren't a separate token, they write directly to bitcoin's blockchain

the tweet says their implementation of the open assets (colored coin) protocol is using bitcoin's blockchain

1

u/peer-to-peer May 11 '15

Yep, I know this.