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Offline toast


When was the first time it was described? When was the first time we had a working system with these assets?
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline cass

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #1 on: November 21, 2014, 12:40:45 AM »
With described you mean when it was discussed and introduced first time here on forum?



When was the first time we had a working system with these assets?
https://bitsharestalk.org/index.php?topic=9446.msg122715#msg122715
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Offline Empirical1.1

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #2 on: November 21, 2014, 12:43:59 AM »
It's described in detail in the original whitepaper http://static.squarespace.com/static/51fb043ee4b0608e46483caf/t/521f54b0e4b05eac92eff809/1377785008699/BitShares+White+Paper+%282%29.pdf

& BitGold is also explained & called BitGold clearly in this Coindesk article Aug 22nd 2013
http://www.coindesk.com/bitshares-p2p-trading-platform-to-offer-dividends-on-bitcoins/

Quote
Specific BitAssets include BitUSD (BitShares to US dollars), and BitGold.
« Last Edit: November 21, 2014, 12:47:10 AM by Empirical1.1 »

merockstar

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #3 on: November 21, 2014, 12:44:34 AM »
Looks like the first use of the term (that I can find) was Nick Szabo in 2008.

http://unenumerated.blogspot.com/2005/12/bit-gold.html

https://en.bitcoin.it/wiki/Bit_Gold_proposal

Offline cass

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #4 on: November 21, 2014, 12:48:24 AM »
Looks like the first use of the term (that I can find) was Nick Szabo in 2008.

http://unenumerated.blogspot.com/2005/12/bit-gold.html

https://en.bitcoin.it/wiki/Bit_Gold_proposal

guess toast wants to know when we've used these terms first time or introduced into bitGLD etc.
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merockstar

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #5 on: November 21, 2014, 01:12:52 AM »
search for "bitgold" yields 6 pages of results.

earliest mention from those results is in november (2013) in this thread: https://bitsharestalk.org/index.php?topic=531.0;all

merockstar

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #6 on: November 21, 2014, 01:15:27 AM »
search for "bitgld" also yields 6 pages.

earliest mention is this : https://bitsharestalk.org/index.php?topic=1095.0;all

merockstar

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #7 on: November 21, 2014, 01:24:36 AM »
search for "market peg" yielded 16 pages

early November 2013 reference to market pegged currencies: https://bitsharestalk.org/index.php?topic=514.msg5841#msg5841

bytemaster mentions the concept, without going into detail in super early november 2013 here: https://bitsharestalk.org/index.php?topic=30.msg51#msg51

still digging...

edit: looks like sometime in november 2013 people just came out of the blue and started referencing bitgold. as if the idea came up in a mumble session or skype or something. still digging though.

(struck through that line when I saw Empirical reference the white paper far earlier than november)
« Last Edit: November 21, 2014, 01:29:58 AM by merockstar »

merockstar

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #8 on: November 21, 2014, 01:38:48 AM »
search for "gold" yielded 20 pages of results.

nothing of much value for this conversation.

going to have to go AFK for a while, but based on that half hour of forum searching I just did, I would speculate that BM & crew came up with the idea in Aug 2013, but nobody on the forums started understanding it until sometime in November.

zerosum

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #9 on: November 21, 2014, 01:45:47 AM »
In this post dated July 27, 2010  someone is talking about bitGold without yet realizing it.  :)

https://bitcointalk.org/index.php?topic=69.msg6059#msg6059

>>"I am somewhat new to the whole bitcoin community, but bit coin solves a problem I was trying to solve myself (how to establish an unregulated digital currency to replace paper money).

It seems that the principle of bitcoin is to track transactions and that it is possible for anyone to review the "transaction history" of any particular coin.  If that is the case, then is there any reason why bit coins couldn't double as digital warehouse receipts? 

Suppose you deposit 100 oz of gold with me and in exchange I give you 100 bit coins with a "repurchase agreement" in place where I will buy back the "same" 100 bit coins for 100 oz of gold.  The fact that the coins "left" a designated account and have not yet returned to that account means that they are "backed by gold".  With some standard and published "addresses" and some "even/odd" counting it should be possible to independently verify whether a coin is backed by gold and *who* is doing the backing without checking in with a the warehouse. 

Is there something about the bitcoin implementation that would prevent this kind of usage?"

 

Offline luckybit

Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #10 on: November 21, 2014, 01:46:24 AM »
When was the first time it was described? When was the first time we had a working system with these assets?

Bytemaster first described it in his original whitepaper calling it polymorphic digital assets.
Prior to that the term BitGold was described by a cryptographer who everyone thought was Satoshi Nakamoto.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

merockstar

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #11 on: November 21, 2014, 04:06:18 AM »
I've been thinking about this, and it seems to me that the concept of bitGold and bitSilver would have entered our consciousness at the same time as bitUSD which stole the stage (these would have both been introduced in the august 2013 whitepaper).

People probably were talking about bitUSD since before november.

Since the possibility for bitUSD to exist also implies the possibility of bitGOLD existing, so all the discussion in 2013 about bitUSD would have applied equally as well to bitGOLD, so those should be considered a part of its history. bitGOLD just didn't enter people's consciousness until they realized in november that it was a natural extension of market pegging.

when I get time, I'll comb through a search for "bitUSD" to see if I can find any relevant discussion.

zerosum

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #12 on: November 21, 2014, 04:19:35 AM »
I found a lot of (ok at least 2) references from 2010, talking about 'bit note' which is essentially the same thing. Actually even better term than bitGold, as it actually better describes what bitGold is.

There are no bits of gold floating around or living on the blockchain (or 'block list' as people sometimes called it in 2010  :) ). But the said blockchain, do carry in itself obligations to return the value of some amount of Gold.

zerosum

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #13 on: November 21, 2014, 09:01:04 AM »
BitDNS ....as of November 15, 2010

https://bitcointalk.org/index.php?topic=1790.0



zerosum

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Re: Can someone research the history of our use of "bitgold" and "bitsilver"?
« Reply #14 on: November 21, 2014, 09:09:11 AM »
bit-currencies as December 22, 2010

'Now you can create commodity backed currencies and trade them....
.... every national currency, 'gold', 'silver'.  '



I refuse to provide links anymore  :)
« Last Edit: November 21, 2014, 09:12:20 AM by tonyk2 »

 

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