What can be done with colored coins?
I'm really interested in this, thinking of making some new coins tied to BCH.
So colored coins is a pump and dump craved built on top of b
What can be done - coupons/promos, lotteries, elections, accounting gadgetry, bounties, Easter eggs, crowd funding, charities
A colored coin is like a hashtag for Bitcoin transactions. Memo.cash is basically a colored coin if I understand correctly.
Ok, looking forward to see any of this.
DashCunning that's not right. A colored coin is basically marked BCH
Like I forever mark these 10000 sats to be red. Now they are still bch but now in the wallet these 10k are red. Of course they don't have to be a color.
Can they be remarked afterwhile?
Nice, I tried Cryptonized.cash out. I have a hundred colored units (?).
(triggerhappypost)... when I try to transfer these I see that the value is very low... How do I create a coin with more value?
'If Alice wants to send Bob some tokens, she sends a minimal (dust) amount of BCH, and the transaction also contains the data to transfer the tokens.' - answered my own question...
Sorry to spam this monologue, this whole concept still got me tripping balls. If colored coins are just dust... How can I ever send a fraction of it? Transaction would be higher than value...
... I mean, that's why we have a dust-limit, right?
