I stepped down from Monetas earlier this year. Here's the official announcement: http://opentransactions.org/forum/index ... ic=11922.0Hello Chris,
1) I know you said you´re no longer part of the Monetas team, but are you still in touch or helping them someho?
FYI I am a shareholder but not an investor (since I am a founder.)as you´re an important investor in the company?
When we founded Monetas, our vision was mobile payments, with an emphasis on Africa. (And I have high hopes for their continued success!)2) What is your vision for the future of Monetas? Do you think it will be an important project in the coming cryptofinance ecosystem?
Sorry but I can't discuss Monetas' proprietary information; I suggest you look at their website, and/or ask them. They have a great communications team!3) What are the similarities and diferences between the Monetas and Stash business model and technology?
Are they complementary or competitor proyects?
Correct me if I am wrong but I think Monetas uses a similar software as open-transactions and it´s focused in the african market, which market is Stash pointing at? Is Stash working with bitcoin exchanges to avoid another MtGox situation?
Besides Cliff and myself, I will let our 3 developers post in this thread themselves if they wish at this time to reveal their identities. Stash is a big believer in personal privacy. I'll give you a hint though: Any programmer can easily figure out who they are.4) Who are the 5 developers working at Stash?
Stash uses OT and proprietary pieces. It will be rolled out in 2016.5) Does Stash work completely on OT or the project runs a different software? When will be the roll out?
I can't speak for Monetas, but Austin Hill and Adam Back are both great guys and I think they're doing great stuff over there. I don't think they're trying to compete with what I'm building. They have their own brilliant ideas.6) Monetas and Stash compete with the Blockstream´s Sidechains and the Lightning Network in the off-chain transactions?
What system do you think will win in the long run and why?
Please see my answer at the bottom of this post.Hi Chris,
First, thanks for doing OT as a gift to humanity, I personally believe this project is going to make huge impact!
I have three questions:
1. what is (in your view) main OT advantage over Bitcoin Sidechains / Lightening?
Of course, someone who is holding physical gold will always have the ability to steal that gold. But let's talk about the security that software can and cannot provide.2. I heard many times OT servers do not have to be trusted, because they are federated (voting pool via multisig). What happens for example: I peg my btc into OT and buy some gold certificates from gold issuer who is in voting pool with 3 other gold issuers... now, those 3 issuers are friends and they disappear for good. Am I out of luck with my gold receipt in that kind of scenario?
Open-Transactions is (and always will be) open source, under the MPLv2 license. The license is compatible with commercial projects, as well as GPL-based projects.3. Will stashcrypto products be opensource, free, or commercial?
I don't think I said we will always "need" government. The point I made was that courts will always recognize their own property titles over outside title registries that they do not control.I wanted to bring up something you said in a recent video I saw (I think it was you)
You talked about how you think we will still need government because even though property can be stored on the blockchain, courts will need something they actually have control over so they will use some kind of centralized store.
Can't that be somehow solved with the use of either multi sig or M of N private keys? You can announce the change of ownership on the blockchain but the behavior of that ownership can be decided by more than one person ?
How do you see OT's smart contracts working with blockchain-based smart contract protocols (Ethereum, Rootstock etc), including non-financial applications? How much of a priority are any such applications for Stash? Thanks
The U.S. is certainly not a friendly environment towards cryptocurrencies, and I think we've seen that with many companies and even Bitcoin pools leaving the country. It's unfortunate and will probably set the country back.In the past you talked about the dangers of locating a crypto company in the United States. Have your views changed on this?
Thank you very much!Chris, I'd like to thank you for all of your contributions to the crypto-finance ecosystem. You always have really great ideas. I enjoyed listening to the panel discussion that you participated in at the Bitcoin Investor Conference. Your comparison of proof-of-work to the handicap principle is very insightful, and I concur that the most secure and most valuable cryptocurrencies and platforms will continue to be based on POW.
At Stash we do not operate the software, we just write it. But it certainly seems within the realm of reason that users will choose to take advantage of blinded tokens. There are definitely many valuable (and important) use cases.Questions:
1. Do you foresee ways in which Stash can improve the fungibility and anonymity of Bitcoin? The ability to issue blinded tokens is already built into OT; do you plan to make use of this capability at Stash?
We plan to use existing open-source implementations for the actual colored coin wallet. Transaction-based coloring is a requirement.2. In the Open Transactions ecosystem diagram on the Stash web site, you show colored coin transactions on the Bitcoin blockchain. Will OT have its own implementation of colored coins, or will you use one of the existing implementations?
We are writing proprietary components to monetize, and our system will provide us with a mandatory, automated revenue stream on the blockchain. (Frankly, I think we're sitting on a goldmine but I don't want to speak too much about our plans )3. As you've no doubt discovered, it's not easy to monetize one's contributions to the cryptocurrency community unless you're running an exchange or a gambling site. What will Stash's value proposition be, and what will prevent open-source projects from undercutting this?
I hate to speculate on any part of the future I am not building myself!4. You were working with the Ethereum folks at one time and were prominently featured on the Ethereum web site prior to the crowd sale. What is your current relationship with them, and do you think that, in the long run, their platform will be as successful as Bitcoin and its associated platforms, sidechains and colored coin systems?
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