Saturday, 29 September 2012

#FLOSS http://www.Open-Transactions.com DID U KNOW?


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OPEN-TRANSACTIONS.COM via @censorednewsnow





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. 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!! Part 1: first ever video of this!


#OTB VIRAL MONEY MEME: OPEN-TRANSACTIONS



FEATURES
  • Untraceable digital cash
  • destruction of account history
  • Ricardian Contracts
  • a large variety of financial instruments
  • Smart Contracts (scriptable clauses)
  • Markets 
  • Basket currencies
  • unforgeable account balances
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!!

ACTION STEPS 


1.  CODERS 

- Developers List = 
- Developers IRC = IRC: #opentransactions at irc.freenode.net
Developers Code = Github Repository Check it out! Submit Bugs, etc :)

2.  MERE HUMANS <g>

A) Subscribe to free RSS/Atom Feed! 

http://feeds.feedburner.com/Open-transactions

b) Subscribe by Email
    See top right of page for email subscription box!

3.  EVERY ONE (we're working on professionalising this bit right now folks!) :)

DONATE - speed development & thank the coder for work to date!
LOCATION1NtTPVVjDsUfDWybS4BwvHpG2pdS9RnYyQ (BITCOIN)


FOLLOW: @CryptoRabbit

EVERYONE! PERSONAL & BUSINESS COMPUTER USERS, HACKTAVISTS, ACTIVISTS, CRYPTOGRAPHERS, GENERAL PUBLIC/INTEREST, ETC, ETC! #OTB!


Got questions?  We've got ANSWERS:
http://www.open-transactions.com/p/faq.html

Sourcfe:


Note; another SOCIAL ANIMAL LTD website #OTB Promoting Tools for YOU to DESIGN your NEW FUTURE for EVERYONE's BENEFIT ... HUMANity and even ...

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 http://www.occupythebanks.com/search?q=Currencies
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