Monday, December 11, 2017

Almost infinitely divisible bitcoin

Privacy is a big deal for many cryptocurrency advocates as anonymity projects and confidentiality is a very hot subject. Now bitcoin cash supporters will be pleased to hear about a new BCH shuffling protocol called Cash Shuffle. The program is different from basic cryptocurrency mixing services where users have to trust the operator while also paying a substantial fee.

This is a trading pit with an unbound window and zero bit error.  It is like MMT, it will exchange,exactly,  with others, but there should be a residual, in your account, for the unmatched coins. This residual is a declining nano-coin, as transaction continue, it eventually exchanges.  At some point the residual nano coin become  inconsequential, and the shuffle server eats the cost, in exchange for low fees.

That is my speculation, I did not look.  But this kind of function is well within your standard Redneck trading pit reference.  Ultimately the pit solution evolves into a compete side chain. The shuffle server is an asynchronous queue which can defer any call to the block chain. We end up with the standard 3-color, savings,loans, blockchain fee.  When the block chain fee is low, the shuffle clears accounts,  otherwise each party can carry around a custodial shuffle bitcoin, tied to bitcoin. It is not a clone, it is a trademark and contract guaranteeing the peg within some bound.

I like shuffle, find this company and invest.

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