30 Jul '15, 4pm

A friendly reminder about off-topic posts: I just removed a number of posts and I imagine I will be removing s...

Well right now it doesn't since they're [sidechains] not out yet. But once they're out you could setup a federated peg to send bitcoin between ethereum and the bitcoin network (this could be done now with the test implementation to send testnet bitcoin coins around on ethereum - it was something I wanted to implement but I've been busy with other things, I think Joseph Chow @ Ethereum is working on this now). A two-way peg is a bit harder: your options are (since bitcoin can't process sha3 hashes) fork eth and switch out the mining algo to merge mine w/ bitcoin and setup a two way peg that way or setup an intermediary sidechain. The way an intermediary chain would work is you create one chain pegged to bitcoin, make it so it accepts sha3 spv proofs, then you'd have to use it as an intermediary. This seems incredibly inconvenient, but I don't think it's as big a deal as it ...

Full article: http://www.reddit.com/r/Bitcoin/comments/3f6e1z/a_friendl...

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