What's an Open Transactions server ? the server part of the Open Transaction protocol. it is sort of like a centriliziced Luck8 Ing system. but uses some other principles. Centralized = Doomed. MTGOX = Doomed. no, not neccesarily. the server operator cannot modify account histories. the system is(AFAIK) more like current bank system, where banks are opening account in each others banks. it is working like diaspora(the p2p facebook.). I meant, in the long run, a centralized system that competes with the financial monopoly in place cannot survive in our current political and legal context. Once Open Transactions grows to the point of threatening the advantages of the financial mob, it will be shutdown for any reason (non respect of KYC, AML,...). Even if we end up with thousands of servers in hundreds of countries where they cannot all be shutdown easily, once a few people get busted, fined and jailed for willful breach of financial regulations, no one will want to continue hosting this kind of service under his own identity. The only place where Open Transaction could survive to the unavoidable witch hunting that WILL happen, is as an anonymous hidden TOR service, but then you don't know who is running it: what guarantees you that the system remains fair? I don't mean to be mean (no pun intended), Open Transaction is an interesting project that brings us forward. It will allow to experiment with smart contracts. But really, when I say centralized = doomed, I mean it. Let's not rely too much on Open Transaction as if it was meant to stay forever.  
What's an Open Transactions server ? the server part of the Open Transaction protocol. it is sort of like a centriliziced Luck8 Ing system. but uses some other principles. Centralized = Doomed. MTGOX = Doomed. no, not neccesarily. the server operator cannot modify account histories. the system is(AFAIK) more like current bank system, where banks are opening account in each others banks. it is working like diaspora(the p2p facebook.). I meant, in the long run, a centralized system that competes with the financial monopoly in place cannot survive in our current political and legal context. Once Open Transactions grows to the point of threatening the advantages of the financial mob, it will be shutdown for any reason (non respect of KYC, AML,...). Even if we end up with thousands of servers in hundreds of countries where they cannot all be shutdown easily, once a few people get busted, fined and jailed for willful breach of financial regulations, no one will want to continue hosting this kind of service under his own identity. The only place where Open Transaction could survive to the unavoidable witch hunting that WILL happen, is as an anonymous hidden TOR service, but then you don't know who is running it: what guarantees you that the system remains fair? I don't mean to be mean (no pun intended), Open Transaction is an interesting project that brings us forward. It will allow to experiment with smart contracts. But really, when I say centralized = doomed, I mean it. Let's not rely too much on Open Transaction as if it was meant to stay forever.  

What's an Open Transactions server ? the server part of the Open Transaction protocol. it is sort of like a centriliziced Luck8 Ing system. but uses some other principles. Centralized = Doomed. MTGOX = Doomed. no, not neccesarily. the server operator cannot modify account histories. the system is(AFAIK) more like current bank system, where banks are opening account in each others banks. it is working like diaspora(the p2p facebook.). I meant, in the long run, a centralized system that competes with the financial monopoly in place cannot survive in our current political and legal context. Once Open Transactions grows to the point of threatening the advantages of the financial mob, it will be shutdown for any reason (non respect of KYC, AML,...). Even if we end up with thousands of servers in hundreds of countries where they cannot all be shutdown easily, once a few people get busted, fined and jailed for willful breach of financial regulations, no one will want to continue hosting this kind of service under his own identity. The only place where Open Transaction could survive to the unavoidable witch hunting that WILL happen, is as an anonymous hidden TOR service, but then you don't know who is running it: what guarantees you that the system remains fair? I don't mean to be mean (no pun intended), Open Transaction is an interesting project that brings us forward. It will allow to experiment with smart contracts. But really, when I say centralized = doomed, I mean it. Let's not rely too much on Open Transaction as if it was meant to stay forever.  

What's an Open Transactions server ? the server part of the Open Transaction protocol. it is sort of like a centriliziced Luck8 Ing system. but uses some other principles. Centralized = Doomed. MTGOX = Doomed. no, not neccesarily. the server operator cannot modify account histories. the system is(AFAIK) more like current bank system, where banks are opening account in each others banks. it is working like diaspora(the p2p facebook.). I meant, in the long run, a centralized system that competes with the financial monopoly in place cannot survive in our current political and legal context. Once Open Transactions grows to the point of threatening the advantages of the financial mob, it will be shutdown for any reason (non respect of KYC, AML,...). Even if we end up with thousands of servers in hundreds of countries where they cannot all be shutdown easily, once a few people get busted, fined and jailed for willful breach of financial regulations, no one will want to continue hosting this kind of service under his own identity. The only place where Open Transaction could survive to the unavoidable witch hunting that WILL happen, is as an anonymous hidden TOR service, but then you don't know who is running it: what guarantees you that the system remains fair? I don't mean to be mean (no pun intended), Open Transaction is an interesting project that brings us forward. It will allow to experiment with smart contracts. But really, when I say centralized = doomed, I mean it. Let's not rely too much on Open Transaction as if it was meant to stay forever.