Tagopen transactions

Chris Odom Explains How Open Transactions Makes Altcoins Irrelevant at Inside Bitcoins Conference

When Chris Odom was asked about his thoughts on altcoins and appcoins at Inside Bitcoins London, there were many people in the crowd who were surprised by his answer. While some people like to research every altcoin on the market to see what new features it has to offer, the creator of Open Transactions almost seemed bored with the entire concept. At first, Odom said nothing more than, “I don’t...

3 Solutions for Instant Bitcoin Confirmations

One of the so-called "problems" with Bitcoin in the eyes of new users is the lack of instant confirmations. Transactions are usually viewed as generally secure after a few confirmations on the blockchain, but this can create a problem in situations where you want to buy something from a store and then leave without having to wait around for the next block. The time between new blocks has led to...

Open-Transactions To Introduce Multisig Voting Pools

Open-Transactions

Without a doubt, the Open-Transactions open source framework is extremely robust as it currently stands. However an upcoming future release of Open-Transactions will have full Bitcoin multisig voting pool support. Reportedly, Bitcoin multisig voting pool support is already well under way. When asked when the projected release date was, an Open-Transactions Developer replied back saying that the...

Two New Projects Aim to Combine Gold with Bitcoin Payment Technology

Gold Backed Bitcoin

Although there has been a lot of talk about backing Bitcoin payment with gold or other assets in the past, there are now two separate projects attempting to turn this idea into a reality. Plenty of people out there believe that there is no intrinsic value behind bitcoins, which is why they want to see some kind of real asset backing a new digital currency. There aren't many people who would...

Ripple vs Open Transactions: Which Platform is the Future of Payments?

Ripple vs Open Transactions

Many people in the Bitcoin community have heard about Ripple and Open Transactions, but it seems that these two projects are rather difficult to understand. Most people understand the basic idea of these payment systems allowing Bitcoin-esque frictionless payments for more traditional currencies, but the details of each plan can get rather confusing. People get excited at the prospect of using...

Bitcoin Will Thrust the World Towards Freedom or Tyranny

Bitcoin Freedom Tyranny

While governments around the world are currently thinking about how they're going to regulate Bitcoin exchanges, there is a larger debate coming that could actually have implications for the future of humanity as we know it. This may sound a bit hyperbolic right now, but it's important to think clearly about what the upcoming debate on whether Bitcoin should be banned will really mean for...

The Open Transactions Bazaar is the Real Silk Road 2.0

Silk Road 2.0

Ars Technica recently published an interview with the Dread Pirate Roberts of "Silk Road 2.0", and one of the main points DPR 2.0 made at the end of the interview was that this underground marketplace is a small part of an overall revolution in decentralization. I recently wrote about the ideas of decentralized marketplaces and how they could affect eBay and Amazon, but these marketplaces also...

Why Bitcoin Will Hurt eBay More Than Amazon

Amazon Bitcoin

The disruptive nature of the Bitcoin technology is going to wreak havoc on many different online industries, and one area of disruption that needs to be talked about is online marketplaces. eBay and Amazon, at least in the United States, are the kings of the Internet when it comes to connecting a buyer to a seller. Sellers like these platforms because they can sell their products on a centralized...