The Message Is The Medium

How To Implement “Governed” Colored Coins

“Some uninformed people still proclaim you can make a “governed” blockchain without realizing that this is contradiction in terms. If you want a single party to be able to rewrite the truth, then there’s no point in having a blockchain in the first place.

So what shall we do? For example, what happens if a colored coin is lost? Should no one be able to own that piece of land the coin represents? Or if an un-cooperative convicted terrorist owns that land, and he/she refuses to hand over the coin that represents it?” – URL

Datavetaren on why it may be a good idea to “peg” centrally controlled databases to the main chain; i.e. the Bitcoin Blockchain.