Holy Grail BOUNTY

[fellowtraveler]

Merry Christmas!


Here are some brand new videos of this app:


Intro: http://goo.gl/Ea6rzq

Advanced: http://goo.gl/i0J3AF


===> P.S. in the videos, I mention a couple of articles. Here are the links to those articles:

http://bitcoinism.blogspot.com/2013/12/voting-pools-how-to-stop-plague-of.html

http://bitcoinism.blogspot.com/2013/12/lex-cryptographia.html

THX FT! How is that with the password when cash is exported. You set it to "blabla". You didn't need it to import, though. Or was it copied to clipboard together with the rest? Is a PW just needed for the blinding process?

Because OT uses a passphrase to create or unlock a private key.

Once it does, that private key is securely cached until it times out (say, 30 seconds, or 5 minutes -- it's configurable.)

(Otherwise you might have to type a password 5 times during a single action.)

So it never asked again for that PW because it already had the key unlocked, and it hadn't timed out yet.

[1713958799]

1713958799

[1713958799]

1713958799

[overcoin]

Here are some brand new videos of this app:


Intro: http://goo.gl/Ea6rzq

Advanced: http://goo.gl/i0J3AF

Thanks for the videos.

Market scaling... "Lump sum or nothing" option unquestionably is the most principal approach but is not enough for a truly liquid market. Very often users have nothing in spite if their limit orders are partially executed. They must be able to make a choice for the type of market scaling of their orders?

Partial execution - allowed/not allowed => if allowed => define minimum size of a single lot (default minimum must be the minimal denomination of the traded asset).

[fellowtraveler]

Here are some brand new videos of this app:


Intro: http://goo.gl/Ea6rzq

Advanced: http://goo.gl/i0J3AF

Thanks for the videos.

Market scaling... "Lump sum or nothing" option unquestionably is the most principal approach but is not enough for a truly liquid market. Very often users have nothing in spite if their limit orders are partially executed. They must be able to make a choice for the type of market scaling of their orders?

Partial execution - allowed/not allowed => if allowed => define minimum size of a single lot (default minimum must be the minimal denomination of the traded asset).

OT markets are very powerful:

-- Market orders (buy/sell full order at any price.)

-- Limit orders (where a price is set per scale.)

-- Scaled markets (price per 1 BTC, price per 100 BTC, price per 10000 BTC, etc -- these can be different markets based on scale.)

-- Fill-or-kill orders (fill the entire order, or no trades at all.)

-- Minimum increments (multiplied against scale. For example, if the scale is 1, and the minimum increment is 4, then the order will trade on the 1 BTC market, but only increments of 4 BTC at a time.)

-- Stop orders. (The offer only activates when the price reaches a certain amount, and then once it activates, it becomes a market order.)

-- Stop limits. (The offer only activates when the price reaches a certain amount, and then once it activates, it becomes a limit order.)

[bitdig]

This is amazing!
Eventually this would kill all those Gox like exchanges, wouldn't it?

Merry Christmas!


Here are some brand new videos of this app:


Intro: http://goo.gl/Ea6rzq

Advanced: http://goo.gl/i0J3AF


===> P.S. in the videos, I mention a couple of articles. Here are the links to those articles:

http://bitcoinism.blogspot.com/2013/12/voting-pools-how-to-stop-plague-of.html

http://bitcoinism.blogspot.com/2013/12/lex-cryptographia.html

[gogodr]

This project is looking really really good.
Gratz on the idea and the development.

There is one problem I didn't get clear with the videos.
If it is decentralized and the servers can't change people's balance, how will someone put dollars into the system?

[fellowtraveler]

There is one problem I didn't get clear with the videos.
If it is decentralized and the servers can't change people's balance, how will someone put dollars into the system?

Let's say my balance is 40 clams.

Then I make a transaction request:

----BEGIN SIGNED TRANSACTION---
===> My current balance is 40 clams.
===> Please send 10 clams to Bob.
===> My new balance will be 30 clams.
---END SIGNED TRANSACTION-----

The server merely verifies and counter-signs. It cannot forge transactions because it doesn't have your private key. It cannot change your balance because your "balance" is just whatever appears on the most recent receipt.

So the server CAN show balance changes -- it just can't initiate them (the user has to initiate them.)

That's all SEPARATE from how dollars get into the system. There are multiple ways that can be done:

1. Have a dollar issuer who is trusted to hold the dollars. Give him dollars, and he gives you dollar units (and vice-versa.) This would work with or without colored coins.

2. Assuming you have that, you can also buy/sell those units from any other user (not just from the issuer.)

3. OR: Create a dollar-based currency where agents provide in/out and post BTC-based bonds to secure that service. That way you don't have some trusted central issuer holding the dollars -- instead you have the dollars stored at the edge nodes, with the reserves stored as Bitcoin in a multi-sig voting pool. This is the Lex Cryptographia idea (google it.)

4. OR: Just store the reserves as Bitcoin directly, in a voting pool, and then buy/sell them using real-world dollars. That way you have dollar in/out functionality, without trusting anyone to hold any dollars (as in 3.) The currency is Bitcoin-based, instead of dollar-based, however. But you can still "move dollars in/out" so it's worth mentioning. The only reason to do (3) instead of (4) is so you can trade dollars against Bitcoins on markets.

[jcrubino]

Is this a windows only (systray) bounty offer?

[fellowtraveler]

Is this a windows only (systray) bounty offer?

I need to update the bounty on the Ciyam site. (Soon.)

The basic GUI is already done, as is the markets screen. (See the above recent videos to see it in action.)

The namecoin integration is done but hasn't yet been merged back into the main branch.

The Bitcoin integration is partially done.

I believe lclc is working on the HTTP interface already and has the API working through the HTTP interface.

dansmith is still working on the legacy bank integration.

===> The Bitmessage integration hasn't been done yet, perhaps we can discuss you doing that one if you wish.

The application was coded in Qt/C++ and runs on Linux, Mac, and Windows.

[bitdig]

I didn't find the information about namecoin use with moneychanger, is it just being added as an asset, or there is any other uses for it under this software?

Is this a windows only (systray) bounty offer?

I need to update the bounty on the Ciyam site. (Soon.)

The basic GUI is already done, as is the markets screen. (See the above recent videos to see it in action.)

The namecoin integration is done but hasn't yet been merged back into the main branch.

The Bitcoin integration is partially done.

I believe lclc is working on the HTTP interface already and has the API working through the HTTP interface.

dansmith is still working on the legacy bank integration.

===> The Bitmessage integration hasn't been done yet, perhaps we can discuss you doing that one if you wish.

The application was coded in Qt/C++ and runs on Linux, Mac, and Windows.

[domob]

I didn't find the information about namecoin use with moneychanger, is it just being added as an asset, or there is any other uses for it under this software?

Namecoin can be used to associate your "identity" (Nym) with a key pair (credentials) used to authenticate as that identity.  This is optional, though, and there are also other ways to create Nyms that don't depend on Namecoin.

[justusranvier]

I didn't find the information about namecoin use with moneychanger, is it just being added as an asset, or there is any other uses for it under this software?

Namecoin can be used to associate your "identity" (Nym) with a key pair (credentials) used to authenticate as that identity.  This is optional, though, and there are also other ways to create Nyms that don't depend on Namecoin.

It's actually going to use Namecoin so that Namecoin can fulfil its stated purpose and not be just another altcoin people speculate on.

[jcrubino]

Is this a windows only (systray) bounty offer?

===> The Bitmessage integration hasn't been done yet, perhaps we can discuss you doing that one if you wish.

The application was coded in Qt/C++ and runs on Linux, Mac, and Windows.

looks like a good match
how can I help

[yamamushi]

Is this a windows only (systray) bounty offer?

===> The Bitmessage integration hasn't been done yet, perhaps we can discuss you doing that one if you wish.

The application was coded in Qt/C++ and runs on Linux, Mac, and Windows.

looks like a good match
how can I help

If you get a hold of me on the IRC channel on Freenode, we can discuss how you can help. I can walk you through the moneychanger source, and point you in the right direction for getting integrated into the app.

The channel on freenode is #OpenTransactions , my handle is "Yamamushi" and sometimes "Yamamushi-laptop" when I'm mobile.

[lclc]

Check out our new blog about Open Transactions and OT based projects:
http://open-transactions.github.io

It also has good introduction articles about what OT is.

[fellowtraveler]

NEWS ITEMS:

-- I've moved to Switzerland!

-- See our new update video, including Bitmessage and Bitcoin integrations:
    https://www.youtube.com/watch?v=uJKWDC4q5rA&feature=youtu.be

-- It's time to pay out some bounties, which I'll be doing over the next couple days. (Huzzah!)

-- The new video also shows screenshots for Monetas' new Android app. Check 'em out!

-- Don't miss this music video: https://www.youtube.com/watch?v=WMQg546agpU

[minimalB]

This is crazy!

Thanks so much for the good work and update, Chris!

[Xenland]

I wanted to share that I've been paid in full for my contributions to the holy grail project (if memory serves i contributed to the GUI side of Qt to the connections to the OT protocol/library and others came in and continued to contribute while i transitioned to other things).

I'm happy to see this thing kicked off and working with a lot of great documentation to come with it and it was a pleasure working with the team members. Thanks again!

[fellowtraveler]

I should mention that the above video has resulted in an article in the Wall Street Journal:

http://blogs.wsj.com/moneybeat/2014/08/04/bitbeat-crypto-innovators-find-fertile-ground-in-soft-touch-switzerland/

[SimonBelmond]

What is Timeline for a set up wizard which lets you install OT, Moneychanger GUI plus the server (probably lets you choose test server)? Is it planned at all? For which OSes? Maybe its already availabe and I have missed it?Congrats on the Wall Street Journal Article!

[domob]

I've just been paid for my work on the Namecoin integration.  Thanks!