Post
Topic
Board Bitcoin Discussion
Re: Open-Transactions announcement: new GUI mock-ups / Monetas
by
Meatpile
on 02/08/2012, 18:35:42 UTC
Very exciting, this will absolutely work if it becomes easy to use.

Can you explain to me how you think real world cash will make its way into this system?

For instance to replace current bitcoin exchanges, there needs to be some kind of "bank" entity that accepts cash and gives out a "CompanyABC USD cash value" that can be bought and sold from this company, and then into any other currency on the open transaction market?  Or do you think it is more likely that people will deal cash in person and then transfer a digital assets?

Also is there any way to integrate credit cards into such a system? Maybe some kind of "potentially revocable" asset? It would get traded around, but everyone knows there is a potential for it to be clawed back someday?


And one more question I have regarding open transactions that I don't understand how it could work: Stock ownership. How can an issuer of a stock asset, know exactly how much of that asset a single person has? So you know how much voting power he has compared to other stock holders. I know that an issuer can see total stock in the wild, but how to verify how much a single Nym is in control of?