Quote from: StatusSeeking on August 25, 2014, 04:51:09 AM

Quote from: NotAtOld on August 25, 2014, 04:41:15 AM

Isn't this a scaled down version of Open Transactions that can't do microtransactions or ensure the safety of deposits with voting pools?

This would be better described as a scaled up version of Open transactions (for financial traders/investors/speculators/natural risk producers and consumers) that can not only do microtransactions, but ensures safety of deposits through a pure bitcoin smart contract solution through the bitcoin blockchain (no off chain transactions, no sidechains, not alternative blockchains - all bitcoin).

Your UC wallet is stored on your computer, yes? So it can be hacked. Not so with OT.

OT can do real-time instantaneous microtransactions for something like 1/1,000,000 of a penny, for almost nothing, drawing from bitcoins stored on servers that cannot steal your funds. How can you do this? You say "pure bitcoin" as if that's a selling point, but as I understand it there's nothing insecure about off-chain transactions within OT. It's all secure crypto.