RE: POCKET Day 2: Some tips for using Pocket

[ats-david]

Well, that was actually pretty helpful.

I guess a more accurate question would have been, how can the tokens be "extracted?" And the answer to that is, someone would have to create the ability to do it? I wasn't sure if you had created such a function for doing so.

I suppose that once the tokens are listed on an exchange, the ability to "extract" them would have obviously been solved at that point, so we wouldn't have to worry about it anyway.

Comments

[biophil]

I guess a more accurate question would have been, how can the tokens be "extracted?" And the answer to that is, someone would have to create the ability to do it?

Basically correct. But (and maybe I'm being a big pedantic here, apologies) in cryptocurrencies there's no "extract." If you deposit STEEM on Bittrex, your STEEM never leave Steem - they're sitting in @bittrex's wallet the whole time. They're still part of Steem.

In Pocket, I solved what you're calling the "extract" function by allowing people to include a memo with their pocketsend.

So to get listed on an exchange, some exchange will have to list them - and they'll have to create the system that associated pocketsend memos with exchange accounts, etc. I'll talk more about this after Genesis ends in 12 days; I'm not supporting listing until then. If someone wanted to do it themselves, of course, I couldn't stop them.

[biophil]

I wasn't sure if you had created such a function for doing so.

I'll harp on this just a little more: the "extract" problem isn't a problem that's solved by the coin developer, it's a problem that's solved by the exchange.