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Questions tagged [open-transactions]

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6
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1answer
1k views

Is it true that a bitcoin transaction can go unverified and eventually get dropped by the system? [duplicate]

I have attempted to transfer 0.5BTC from my personal wallet to Coinbase and it's been 5 days since I initiated the transfer. It is still pending. I started reading about this and learned that there is ...
1
vote
1answer
467 views

How does the Clearing & Settlement process work in Open Transaction [duplicate]

From what I have read and understood. As open transaction platform uses coloured coins. The issuer of the coloured coin can associate it with a particular asset: like a ticket to a concert, or gold or ...
1
vote
0answers
54 views

can we create subjective trading platform using bitcoin and smart contract where payments are taken in stages?

Is it possible to create a subjective trading system (for eg: second hand goods like laptops, television cell phones etc) using concepts of bitcoins and smart contracts. Payments on the system would ...
2
votes
1answer
72 views

While using Open Transaction as a Decentralized Exchange, how can one guarantee sanctity of the trade carried out by the parties?

Lets assume Alice holds 100 shares of Twitter and wants to sell those shares on Open Transactions. Bob decides to purchase those shares. They decide the terms of the transaction, price etc and sign a ...
1
vote
0answers
463 views

Building Win7 Moneychanger: Where to put OT DLL's, How to fix “&& was unexpected” in jsoncpp?

I want to use Open Transactions libraries in my Windows build of my Qt Widgets application. Moneychanger is a test interface for OT built in Qt. As a step to understanding how the Qt code of ...
10
votes
3answers
4k views

What is Open Transactions?

I discovered that there are some questions that discuss finer points of the Open Transactions Software, however the project itself could use a proper definition. Please explain concisely what the ...
4
votes
3answers
182 views

How does Open Transactions handle counterfeiting of currencies?

Say I create my own currency in Open Transactions, and begin trading it on OT with other users. What prevents some user from creating copies of my currency? I'm not sure its the same situation as ...
1
vote
1answer
151 views

When thinking about e-currency in a general sense, what features discourage black market usage, but promote anonymity?

I'm interested in e-currency that discourages black market usage (child porn, meth deals, etc) but allows for anonymous operation (donations to charity, buying a pizza, viagra, or other health issues) ...
10
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2answers
3k views

What is the different between Open Transactions and Ripple?

I have been watching the Open Transactions project. Since Ripple has recently came up I am curious as to their relation to each other and if they are trying to achieve the same thing but with a ...
7
votes
3answers
2k views

How does Open Transactions solve the double spend problem?

OT is based on digital cash. From the article: To tackle the double spending problem, the payee has to verify the coin with the bank at the point of sale in each of the transactions. This ...
2
votes
2answers
294 views

Why “Open Transactions cannot lie on your receipt”?

FellowTraveller claimed here that : OT cannot lie on your receipt. It cannot change your balance or forge any of your transactions. (Bitcoin also is like this, but it's still worth mentioning.) ...
11
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2answers
3k views

How can Open Transactions benefit Bitcoin?

OT is being integrated into the Multibit client. How can such integration benefit users? What are some things it enables?