Quote from: freetx on September 03, 2012, 04:24:10 AM

I fully agree with your view Obsi: Open-transactions is huge and I'm too dim to fully get a handle on it all, but I like it!

It's a great way forward. We now have a distributed trusted currency (btc), but need a way to apply distributed and trusted business logic vis a via this currency.

The problem I see is the full OT vision is a little to large to tackle all at once. It spirals into so many different areas that its mind-boggling. Hence, I think the best way forward is for someone to break off a small chunk and try to make that "simple enough for Grandma". Particularly, by solving a real problem / doing something people want to do.

I agree with this.

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I think the "Smart Contract" feature may be a good place to start because of the obvious practical applications. Moreover, "signing a contract" is something that we all already know...there is a direct analogue to the physical world....whereas issuing digitally signed currencies will seem like outer-space talk to Grandma.

Maybe. I think the best little chunk to break off and apply for a stripped down OT client would be the untraceable digital cash. If there was client that did just this small portion, while interfacing with a server that was issuing "provably-backed" fully-redeemable bitcoin tokens the demand is there. A truly anonymised layer on top of bitcoin, sure why not? Call them SilkBit tokens. Bitcoin is more fungible than traceable digital fiat (imo creates demand), truly anonymous digital cash is more fungible than bitcoins ... the market gets what the market wants.