Author

Topic: OTdemo Open Transactions server to the rescue? (Read 1853 times)

legendary
Activity: 2940
Merit: 1090
October 07, 2012, 07:23:48 PM
#4
OTdemo Open Transactions server is up and running. See Original Post.

-MarkM-
legendary
Activity: 2940
Merit: 1090
Yes, that is good too.

It could combine nicely with the service of holding assets in leverage accounts as collateral against which to loan you stuff.

That is, if you are going to go through a person who handles your assets for you, then picking one who does the leverage accounts / collateral accounts / margin accounts type thing could be an added bonus. Give them all your fast-appreciating assets to hold as collateral against which to loan you slow-appreciating or even depreciating altcoins to buy more fast-appreciating assets with, increasing your collateral to allow larger such loans etcetera...

-MarkM-
legendary
Activity: 2940
Merit: 1090
It does not yet.

How would you propose to implement such a thing?

Would the webhost create nyms on the OT server per each user in the webhost's user-database, being in possession of the private keys of those nyms so that OT in essence regards the webserver as owner of those nyms, their accounts, and the assets in their accounts?

Or do you have some kind of browser plugin in mind that can handle the user's end decrypting messages from the server crypting messages to the server signing receipts and so on?

The long term plan for OT is to be a resident daemon, also known as a system tray application, that people's browsers and instant messenger apps and videochat apps and so on and so on would talk to so all the heavy crypto lifting would be in one place and all the many many apps that want to do financial transactions will not have to include a copy of that same code over again in each app.

That is not yet where development is at, however the larger the bounty you offer the higher the chances, quite likely, that programmers will jump to produce whatever kind of "web front end" you imagine...

-MarkM-
legendary
Activity: 2940
Merit: 1090
I have set up an "anyone can issue assets" Open Transactions server.

Its signed contract is the file OTdemoserver.otc downloadable from https://sourceforge.net/projects/galacticmilieu/files/

That same file is also inside the digitalis-assets.tgz archive at the same download-site, in case you have whitspace problems grabbing the raw contract directly as a single file.

The correct hash for that contract, that is to say, the ID of that server, is qpoRvoI6wm1tbqS8kwO91nfzXb059jPYsGQaqXx3p6N

Import that server-contract into your Open Transactions client to enable your client to contact the server.

NOTE TO TROLLS: If you think some asset someone issues on the server is illegal, please remember I am not a lawyer so your local judge's written opinion that it is, such as a court order to remove that asset, would be appreciated so I can distinguish any real problem assets from the victims of trolls.

-MarkM-
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