OpenLedger Debuts Today - * Forbes Article *

[StanLarimer]

ANNOUNCEMENT 12 - OpenLedger Debuts Today - * Forbes Article *

Ronny Boesing of CCEDK.com is speaking in London today at the Global Money Transfer Summit where he just announced OpenLedger - his brand of BitShares Exchange Network portal.

The OpenLedger website is now live, ready for BitShares 2.0 on October 13.

Here's his corresponding Forbes Article:

Bitcoin Exchange CCEDK Set To Unveil 'Groundbreaking' Crypto Platform At Global Money Summit

And a longer one here at bitscan:

OpenLedger the Most Powerful Crypto Financial Platform in the World

Here's a sneak peek at one of his slides...

[crypto jerk]

Serious question here stan.

It is looking like banx shares is running a scam.

What kind of due dillagence are you guys doing to vet some of these people?

[StanLarimer]

BitShares is an autonomous blockchain that belongs to its bitshareholders.  It will soon have dozens and then hundreds of businesses choosing to use it because it is the most powerful, industrial grade option available. There's no central control capable of vetting them.

My manned company, Cryptonomex, has the unmanned company BitShares as one of its flagship customers but no control over it, by design.  When people choose to use one of our platforms, we brag about it without passing judgment on anybody.

BitShares can't and
Cryptonomex won't become involved in vetting users of any of our platforms. 
New users can join them at will just like anyone can own a bitcoin.

That said, people that I trust know Mark very well; they vouch for him; and I observe them doing serious business with him. So I'm inclined to trust their opinion (backed with their own investments) far enough to happily point to his quite noteworthy choice of BitShares as a platform worth going to the effort of transplanting an established top ten asset.

[Pheonike]

Serious question here stan.

It is looking like banx shares is running a scam.

What kind of due dillagence are you guys doing to vet some of these people?

You should be happy that they are willing to be on the Bitshares blockchain. This will provide more transparency for BANX. If they have something to hide then being on the Bitshares platform will make it a lot harder.

[MarkLyford]

BitShares is an autonomous blockchain that belongs to its bitshareholders.  It will soon have dozens and then hundreds of businesses choosing to use it because it is the most powerful, industrial grade option available. There's no central control capable of vetting them.

My manned company, Cryptonomex, has the unmanned company BitShares as one of its flagship customers but no control over it, by design.  When people choose to use one of our platforms, we brag about it without passing judgment on anybody.

BitShares can't and
Cryptonomex won't become involved in vetting users of any of our platforms. 
New users can join them at will just like anyone can own a bitcoin.

That said, people that I trust know Mark very well; they vouch for him; and I observe them doing serious business with him. So I'm inclined to trust their opinion (backed with their own investments) far enough to happily point to his quite noteworthy choice of BitShares as a platform worth going to the effort of transplanting an established top ten asset.

Thank you Stan, I appreciate your comment.

I fail to see why people are thinking what they have said in other threads when I have said we are moving to Bitshares 2.0 month ago. We have nothing to hide and moving to Bitshares will allow people to see that.

People quoting parts of my book in other threads that I published myself and making their own stories up about me make me know I am just dealing with people who will never accept anything I say, which is why I haven't bothered responding to it all.

After 2009 I decided my life and my past would be very public, I don't like some of the decisions I made but I made them at the time. But, sometimes when you make the decision to be public about some of your mistakes people love to use it against you when ever they see fit. So be it.

I and my team at Banx are trying to establish a business that others may not like the plan of but is going to bring many new people into crypto. That is up to them. But when anonymous people do this is holds no substance with me.

I have said on this forum and will say again. Anyone can contact me direct and I will answer any questions they have to ask me about Banx, myself and anything else they want to know.

[Come-from-Beyond]

The OpenLedger website is now live, ready for BitShares 2.0 on October 13.

From the site:

Wiring money in the legacy banking system takes days. We let you send it anywhere in the world within seconds.

This is a very cool feature!

No one can freeze, seize, hack or attack your wealth. You are always in control and your identity can never be stolen.

How did you implement a decentralized 2-factor auth?

You can spend your money instantly, anywhere major debit cards are accepted. We handle the conversions for you.

What is the difference between the first point (to send anywhere) and this one (to send only to where VISA and Mastercard is accepted).

Your money goes directly from you to its destination, no middlemen ever get control of your money. That includes us..

How do you do the convertions then (the previous point)?

Only those you authorize can see your accounts. We make our ledgers public for transparency, but you can keep yours private.

Sounds like you use zero-knowledge proofs, otherwise how would anyone verify validity of the transactions. How much resources do these proofs consume?

Share control of accounts with friends, family, and business associates with complete accountability and flexibility never before available in legacy banking.

Actually it's wrong, legacy banking has been allowing such flexibility since 2002 in my country. I would remove this point. BTW, multisigs is "must have" for every new cryptoplatform, nothing special here.

[testz]

Only those you authorize can see your accounts. We make our ledgers public for transparency, but you can keep yours private.

Sounds like you use zero-knowledge proofs, otherwise how would anyone verify validity of the transactions. How much resources do these proofs consume?

As I know BitShares 2.0 uses this library https://github.com/cryptonomex/secp256k1-zkp

More info here:
https://bitsharestalk.org/index.php/topic,17687.0.html

[Come-from-Beyond]

As I know BitShares 2.0 uses this library https://github.com/cryptonomex/secp256k1-zkp

More info here:
https://bitsharestalk.org/index.php/topic,17687.0.html

Thank you. Maybe they use ZKP magic to do conversion without holding control over funds as well.

[StanLarimer]

The OpenLedger website is now live, ready for BitShares 2.0 on October 13.

From the site:

Wiring money in the legacy banking system takes days. We let you send it anywhere in the world within seconds.

This is a very cool feature!

No one can freeze, seize, hack or attack your wealth. You are always in control and your identity can never be stolen.

How did you implement a decentralized 2-factor auth?

You can spend your money instantly, anywhere major debit cards are accepted. We handle the conversions for you.

What is the difference between the first point (to send anywhere) and this one (to send only to where VISA and Mastercard is accepted).

Your money goes directly from you to its destination, no middlemen ever get control of your money. That includes us..

How do you do the convertions then (the previous point)?

Only those you authorize can see your accounts. We make our ledgers public for transparency, but you can keep yours private.

Sounds like you use zero-knowledge proofs, otherwise how would anyone verify validity of the transactions. How much resources do these proofs consume?

Share control of accounts with friends, family, and business associates with complete accountability and flexibility never before available in legacy banking.

Actually it's wrong, legacy banking has been allowing such flexibility since 2002 in my country. I would remove this point. BTW, multisigs is "must have" for every new cryptoplatform, nothing special here.

"Anywhere" should not be confused with places in "The Middle of Nowhere".

By definition, places where major credit cards are accepted qualify as the former rather than the latter.
(And, of course, "money" is not limited to fiat, so the real test of being anywhere is whether there is an available connection to the internet.)

Dynamic Account Permissions give you all sorts of interesting new ways to implement "multi-factor authentication".

No middlemen while you stay on the BitShares network.  You can check out any time you like, but you should never leave.

Expose to counterparty risk only while you are converting, not all the time like when you funds are routinely stored on mere mortal exchanges.

The availability of shared accounts may have existed, but not with the levels of "accountability and flexibility" you have with BitShares 2.0 Dynamic Account Permissions

[Come-from-Beyond]

Dynamic Account Permissions

Interesting document! We did a similar step, moved from primitive M-of-N to multisignatures with much higher control over the rights (though our approach doesn't reveal the inner structure of the rights tree, this helps to keep privacy but sometimes transparency is much better).

WRT

Once a transaction is signed, there is no ability to retract your signature, so the last party to sign gains a slight advantage over the other parties.

There is a protocol that allows to generate a multisignature which becomes available to all participants simultaneously without giving an advantage to any of them. Do you have a cryptography advisor?

[benthach]

open ledger, smart contracts and platform, the new scam ideas

[Come-from-Beyond]

open ledger, smart contracts and platform, the new scam ideas

This post - https://bitcointalk.org/index.php?topic=1359709.msg13847505#msg13847505 - is still waiting for your reply. Don't make others start suspecting that you are not as good as you pretend to be.