Quote from: paulie_w on August 02, 2012, 05:39:44 PM

does this use native widgets?

Of course you are looking at a mock-up, so it can use whatever widgets you prefer to imagine.

Quote from: Meatpile on August 02, 2012, 06:35:42 PM

Very exciting, this will absolutely work if it becomes easy to use.

Of course the Open-Transactions API has always been easy to use:
https://bitcointalk.org/index.php?topic=86710.msg1003087#msg1003087

I gave you guys a 2-year head start.

Any user-oriented application that I write, of course, will also be easy to use.

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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?

With or without OT, people will use exchanges and banks to move in-and-out of "real cash" (as you put it.) This is already occurring (see MtGox for example...)

The long-term solution--to eliminate exchanges entirely as a bottleneck--will happen with the Ripple protocol.

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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?

Of course there are already Bitcoin debit cards, so I would use existing services to do this.

Chargebacks are a real problem of the 20th century banking system. The companies who offer debit cards will have to deal with any risk here.

Users will probably not store all their money on a card anyway, but just enough for spending that night (with ability to transfer back-and-forth.)

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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?

I haven't added a "pay dividend" API call yet, but it would be easy to do.

The server would just mail a cheque to the inboxes of stock owners, based on their % of ownership (which the server has access to.)

The long-term vision of OT includes full-scale corporate entities with voting groups, articles of incorporation, bylaws, different classes of stock, etc. We'll get there.