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How is a UIA burned?
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Topic: How is a UIA burned? (Read 2859 times)
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December 29, 2017, 09:18:12 am
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#8
Voyager_8
Newbie
Posts: 11
Re: How is a UIA burned?
Thanks PC. Yep seems like this would do the trick for burning, but why would it be useless? If they do not burn open.BTC upon withdrawal then they will be running a greater than 100% supply of OPEN.BTC than their current wallet in which case it would reduce faith in the backing of that asset given it could result in an inflated supply of UIA's.
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December 17, 2017, 09:50:09 am
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#7
pc
Hero Member
Posts: 1530
BitShares:
cyrano
Re: How is a UIA burned?
See reserve_asset under
http://docs.bitshares.org/development/namespaces/wallet.html
I don't know how OpenLedger handle their UIAs. I don't think they issue/burn them for each deposit/withdraw, that would be kind of pointless.
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Bitcoin - Perspektive oder Risiko? ISBN 978-3-8442-6568-2
http://bitcoin.quisquis.de
December 17, 2017, 01:59:27 am
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#6
Voyager_8
Newbie
Posts: 11
Re: How is a UIA burned?
A burn operation? Documented where? So if you return the open.BTC to their wallet then then they issue a on-chain OP to burn them? Can they then be re-issued from supply later?
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December 14, 2017, 05:51:20 am
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#5
fav
Hero Member
Posts: 4278
No Pain, No Gain
BitShares:
fav
Re: How is a UIA burned?
yep, there's a burn operation
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December 14, 2017, 05:49:55 am
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#4
sudo
Hero Member
Posts: 2255
BitShares:
ags
Re: How is a UIA burned?
burn the uia assets like what bridage.btc did
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December 14, 2017, 03:21:19 am
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#3
Emadovesky
Newbie
Posts: 10
Re: How is a UIA burned?
Send it to NULL
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December 12, 2017, 07:47:23 pm
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#2
yvv
Hero Member
Posts: 1186
Re: How is a UIA burned?
When you return OPEN.BTC to openledger wallet, it is the same as you destroy it.
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December 12, 2017, 07:31:43 pm
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#1
Voyager_8
Newbie
Posts: 11
How is a UIA burned?
Like Open.BTC for example, if you deposit BTC then openledger will issue an OPEN.BTC, but when you withdraw BTC it should be destroyed, how does an issuer destroy a UIA?
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How is a UIA burned?