Quote from: bitpop on July 31, 2014, 07:48:28 AM

This is something I can get behind

Glad to hear that.

Quote from: kolinko on July 31, 2014, 10:57:43 AM

Did you read about a concept of distributed oracles?

https://github.com/orisi/wiki/wiki/Orisi-White-Paper

and the source code repo:

http://github.com/orisi/orisi

While it's quite different from what you're proposing, distributed oracles also allow for handling banking/trading offchain, using multisig accounts. It would definitely be worth for you to see what's being done in this area

Will take a look at this. thanks!

Quote from: Coinprism on July 31, 2014, 01:08:22 PM

Is it compatible with the open assets standard for colored coins?

I was discussing this with my teammates, I will read more into the protocol and play around with it.