Discover and read the best of Twitter Threads about #coloredbitcoin

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1/

Time for #nftarthistory to contextualise the historic @MekaVerse raffle

In 2012 @yoniassia put forth the fundamental idea of having 🪄distinct assets🧬 "on top of the Bitcoin network." The proposed key value of these #ColoredBitcoin was COMMUNITY!

#NFTcommunity #NFTmania
2/

"Bitcoin 2.x is an idea to separate the bitcoin network (technology) from the value of a currency (community) using the bitcoin network..."

from the original whitepaper:
yoniassia.com/coloredbitcoin/
3/

So the idea was essentially to use some ordinary BTC to create a different breed of "rare coins". 1st BTC would be allocated into a "Genesis Transaction" & then it'd be distributed among clients.

This way BTC that went thru the Genesis Tx would be different from the rest.
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