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Offline kenCode

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I'm learning more every day about BitShares. I'm doing my best to help promote it and get it built properly, future proofing, branding, PR, wiki editor, you name it.
 
One thing I have learned however is that we have a need here for OT.
http://opentransactions.org/wiki/index.php?title=Voting_Pools
https://github.com/Open-Transactions/opentxs
 
True? Possible? In the works already code-wise?
 
Thanx guys for all your hard work, just need to clarify a few things before I start bringing the big bucks (not mine).
Prost,
   -ken
kenCode - BitShares Munich
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Offline gamey

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Re: Is BitShares considering the integration of Open Transactions (OT)?
« Reply #1 on: April 01, 2015, 03:14:49 PM »
And they would integrate it to do what exactly ?

If BitShares was going to do something crazy drastic, then they'd be better off making true anonymous transactions.
« Last Edit: April 01, 2015, 08:36:27 PM by gamey »
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38PTSWarrior

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Re: Is BitShares considering the integration of Open Transactions (OT)?
« Reply #2 on: April 01, 2015, 05:06:53 PM »
I'm learning more every day about BitShares. I'm doing my best to help promote it and get it built properly, future proofing, branding, PR, wiki editor, you name it.
 
One thing I have learned however is that we have a need here for OT.
http://opentransactions.org/wiki/index.php?title=Voting_Pools
https://github.com/Open-Transactions/opentxs
 
True? Possible? In the works already code-wise?
 
Thanx guys for all your hard work, just need to clarify a few things before I start bringing the big bucks (not mine).
Prost,
   -ken

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Offline kenCode

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Re: Is BitShares considering the integration of Open Transactions (OT)?
« Reply #3 on: April 04, 2015, 04:07:41 PM »
Very interesting, I just found an old video re this where Max interviewed Chris Odom about OT:
https://youtu.be/DhqEK3o9Lmc
kenCode - BitShares Munich
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Offline merivercap

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Re: Is BitShares considering the integration of Open Transactions (OT)?
« Reply #4 on: April 05, 2015, 12:26:36 AM »
Funny kenCode.  I heard of OT before, but I started getting curious again about OT after you posted the whole Monetas thread and I started looking at the underlying tech.  I came across the same video from our very own Max Wright when getting up-to-date on OT and before seeing this thread pop up.

I'm intrigued with the idea of using OT as a security layer & transaction platform for a crypto-exchange company and it would be interesting to see some kind of interoperability between it and the bitShares exchange.  I don't know about the technological interoperability.  There is some overlap, but bitShares has bitAssets on the blockchain and in OT you create tokens off-chain so it's these off-chain tokens you have to be careful of and that's why they have the voter pool/federated server model.  They do say it can integrate well with the traditional financial system which is good for fiat exchanges & gateways, but most of the security protocol is to handle cryptoassets.

Did you have your meeting with the Monetas people?
OT has been around since 2010 and I guess Monetas is the only company I see so far using it?  Why is that?  What are the major bottlenecks in adoption?  My guess would be that it seems difficult for companies to reach out to other competitors to form voting pools?  It's just more natural to start a system from scratch, although OT seems a lot more secure.  Does it have to use federated servers and  voting pools?  Is there another way to algorithmically audit cryptoassets and off-chain tokens?  Is there a way to use contracts with Ethereum or Codius to provide some of the same functionality without the same business-level complexities of voting pools.  Anyways I just started looking into this, but I'm trying to isolate the reason for lack of adoption.  Is there some misperception about the tech?  It should be really advocated strongly in the BTC ecosystem.  The bitShares decentralization and exchange is native to the blockchain so much of the OT advantages are already built-in.  However I can still see the potential of OT as an off-chain complement that can work with exchanges & gateways. 



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Offline kenCode

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Re: Is BitShares considering the integration of Open Transactions (OT)?
« Reply #5 on: April 05, 2015, 10:12:26 AM »
The meeting turned out to be with a scout for a company that is sold on Monetas.
I'm in negotiations with them right now, but I don't think they want to pay me appropriately for my time.
 
I currently day trade, and from my bio:
COO, Startups & IT Consultant, Copy Editor, PR Agent, Wealth Management, Open Source Developer, English/German Translation Services
 
I see value in OT as well, but I am not sold on working any more hours than I already do.
 
BitShares has become my full time job, even though I'm not getting paid for it. :-[
Robrigo and I have been bustin ass on the Wikipedia page, I'm lining up alt-media interviews like the Let's Talk Bitcoin and Anarchast gigs, trying to help out newbs in the forum here, translating the tri-fold flyer and other things into German, communicating with a major bank ceo and also wealth mgmt co's, bug reporting, submitting my ideas to new forum threads, peppering social media sites about dpos, hopefully starting on the decentralized DNS for BitShares in the coming days and generally spreading positivity everywhere. I have a ton of work to do here, but I feel like the more I contribute, the sooner BitShares will get noticed by the masses.
kenCode - BitShares Munich
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