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Title: Open-Transactions the trading system of the future? Post by: BlueWall on June 21, 2011, 05:05:13 AM Please see...
http://forum.bitcoin.org/index.php?topic=20425.0 couldn't join the discussion there because of the noob restrictions. This is a very comprehensive system and is developing fast. Great concept, built around many complimentary systems. Title: Re: Open-Transactions the trading system of the future? Post by: flaxindo on June 21, 2011, 05:38:10 AM 1) — The typical centralized system is fully-traceable. You are always under the watchful gaze of the “all-seeing eye”. But on OPEN-TRANSACTIONS, blind signatures are employed, providing untraceable digital cash. I won't pretend to understand that whole post... but getting out from under the all-seeing eye of Sauron is a worthy effort. Title: Re: Open-Transactions the trading system of the future? Post by: BlueWall on June 21, 2011, 05:47:30 AM Some podcasts about it... If it helps, some people have understood the system better after listening to the Radio interview... part 1: http://agoristradio.com/?p=234 part 2: http://agoristradio.com/?p=246 Title: Re: Open-Transactions the trading system of the future? Post by: flaxindo on June 21, 2011, 05:50:29 AM Thanks!
Title: Re: Open-Transactions the trading system of the future? Post by: figvam on June 21, 2011, 05:58:15 AM Reading the FAQ (https://github.com/FellowTraveler/Open-Transactions/wiki/FAQ):
Quote Bitcoin cannot be shut down since there is no central server. Doesn't a Bitcoin client need to connect to IRC first to get the list of IPs? It sure looks like a single point of failure.Title: Re: Open-Transactions the trading system of the future? Post by: BlueWall on June 21, 2011, 06:14:32 AM The bitcoin client does. Not sure what FT is developing in Open-Transactions. If you have posting rights in the forum where he posted, I'm sure he would answer any questions about what it is using. I know it is using some pretty advanced serializing code. I'm still trying to get my head around it all.
BlueWall |