Sunday, 6 November 2011

SOLUTIONS: OPEN-TRANSACTIONS - Video 2

Open-Transactions is a solid, easy-to-use, financial crypto and digital cash LIBRARY, including a client API, a working Server, a GUI Test Wallet (in Java) and a command-line test wallet. Open-Transactions thereafter referred to as 'OT' allows users to issue and manipulate digital assets.

 


SEND THE #OTB MEME AROUND THE PLANET NOW!

Any issuer can sign and distribute new currency contracts in order to create new digital asset types. Users may create many pseudonyms (public keys), each of which may own asset accounts of various types, on OT servers. Users can operate “cash-only” (without accounts) for maximum anonymity, using untraceable digital cash!! Here's part two of the phenomenal first video of this software ACTUALLY IN ACTION in existence on the planet!  


#OTB VIRAL MONEY MEME: OPEN-TRANSACTIONS






Click here to watch Part 1 first if you missed it!

 


FINANCIAL INSTRUMENTS
  • Users can also transfer digital assets securely and provably, with receipts signed by all parties.
  • Even an OT server cannot change balances, or forge transactions—since it cannot forge your signature on your receipt.
  • Open-Transactions supports a range of financial instruments such as transfers, cheques and vouchers (aka “cashier’s cheques” or “banker’s cheques”), in addition to receipts and cash.
  • These instruments are all analogous to the same financial instruments that we all use at normal banks today. Everyone already has an intuitive understanding of these financial instruments, because we use them regularly in our normal daily lives.

 


MARKETS, BASKET CURRENCIES, and RECURRING PAYMENTS
  • Open-Transactions also implements higher-level, contract-based transactions such as payment plans and markets with trades.
  • The markets on Open-Transactions support market orders, limit orders, fill-or-kill orders, day orders, stop orders, and stop limits, just like trading on a real market.
  • OT also supports basket currencies, as well as payment plans (recurring payments.)

 


TRIPLE SIGNED RECEIPTS
  • All of this is accomplished in such a way that all parties are able to prove, at all times, which transactions have cleared and which instruments are authorized, without having to store their entire transaction history, but instead by merely keeping the last signed receipt.
  • Without the special mechanism that makes this possible, all parties would otherwise be forced to store all receipts forever.
  • Nyms and Asset Types have consistent IDs across all OT servers, since the ID is formed by hashing the relevant contract or public key.
All sounds pretty cool so far right!!

Check back in an hour or two!  The third and final instalment of this wonderful high-level explanation and demonstration video will be available!  We will also let you know how YOU - YOU WOULD BE HERO, can become a hero today with Operation #OTB; how you can help us bring information to a wider audience;  how you can help the coder of this software and his team bring this software to the computers IN HOME of peoples all over the world!  People - it's time to fight the fight of ages  - to snatch the power of currency issuance power BACK from the BANKSTERS and for the first time put it where it always should have belonged in the hands of the people!

 


After the next upload we bring you all that plus our first attempt at answering some questions already in via contact (or feel free to post your questions in via comments!)!  Keep in touch not just with this software, but others like it, with the Banksters Nemesis; #OTB!

Video 3 is now online - click here to watch that now!



 


UPDATE 8th December 2013; we DID IT!
Battle for Planet *RAGES*


WHEN THE MAFIA IS THE BANK THE PEOPLE WILL OCCUPY THE BANKS!


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