NXT any different from Open Transaction (OT) server that issues 999M coins?

[FrictionlessCoin]

Simple question.

How is NXT any different from using an Open Transaction (OT) server that issues 999,997,986 coins?

[Bram]

It is not. its the same exact thing.

[markm]

Isn't it distributed / P2P ?

-MarkM-

[FrictionlessCoin]

Isn't it distributed / P2P ?

-MarkM-

So it is equivalent to a P2P version of OT?

I think OT can run in a federated mode, which is almost equivalent to P2P.

[markm]

I don't think it has anywhere near Open Transactions' functionality yet.

-MarkM-

[FrictionlessCoin]

I don't think it has anywhere near Open Transactions' functionality yet.

-MarkM-

So let's say we come up with a coin "TXN".  Then say we will release 999,999,999 coins to early investors.

Then we give them an OT client.   Issue 999,999,999 coins to these early investors using OT.

Is that all it takes to clone NXT?

Huh?  Is NXT just a Java version of OT?

[markm]

Open Transactions already has a Java client, otapi-J.

NXT is a p2p network though, Open Transactions is server/client so far no federated servers yet for example.

NXT seems maybe more like Ripple, even down to having its own currency built into it like RIpple has their XRP.

-MarkM-