Post
Topic
Board Bitcoin Discussion
Re: The Holy Grail! I wish I could kiss the author of Bitmessage on his face.
by
fellowtraveler
on 21/09/2014, 14:08:31 UTC
Just noticed there is some activity in this thread, so I wanted to answer these questions...

Quote from: sukrim
So ~1.5 years later... what exactly is still missing that OpenTransactions can finally take off?

Open-Transactions itself is fully-functional.

What's still missing is the voting pools (using multi-sig to prevent the OT server from stealing any Bitcoins transacted there.)

However, Monetas is hard at work building the voting pools...
You can read updates on the Monetas blog: http://monetas.net/blog/

Design info for voting pools has started popping up on the OT wiki: http://opentransactions.org/wiki/index.php/Voting_Pool_Deposit_Process

Once voting pools are ready, it should "take off," as you say. It will take a few more months.

Quote from: mere-mortal
If you look at some of the videos on OpenTransactions, FellowT mentions that different encryption methods can be used for messaging and Bitmessage is one being used, at least that is my understanding

Here's the latest video update: https://www.youtube.com/watch?v=uJKWDC4q5rA

As you can see from the video, we are agnostic to the exact transport method, with Bitmessage being only the first integration.

However, Bitmessage is now fully-integrated and working in the Moneychanger desktop client! (As of the past couple months, as shown in the video.)

Now that we have Bitmessage integrated, we can start adding the features described in this thread, such as cross-server discovery for trading, legacy bank integration, etc. (And of course, the Bazaar feature.)

Quote from: mere-mortal
Fair enough, and I am not here to compare either. I believe there is more to OT than you say, and its Bazaar feature is what I am talking about, which is to market and sell physical products. Using multisig and bitmessage.

To be clear: Bitmessage is not integrated into OT itself. Rather, it's integrated in the Moneychanger desktop client.

Similarly, the Bazaar will not be built into OT itself. Rather, it's now being built into the Moneychanger desktop client. Here is some of the design info: http://opentransactions.org/forum/index.php?topic=3821.0

The basic concept is to have decentralized markets for goods and services, sort of like e-Bay, except without the server. Like a P2P version of e-Bay.

To whatever degree we have inspired any other projects, that's great! Let's change the world.