This proposal adds primitives to bitcoin necessary for implementing non-currency financial
constructs, such as dividend-yielding bonds, asset ownership tokens, credit relationships, a variety
of forms of smart contracts, and distributed marketplaces for exchanging all of the above.
Private accounting servers provide a mechanism to support unlimited volume of off-chain transactions
while being able to interact with in-chain assets through atomic cross-chain trade and
an integrated peer-to-peer market.
Keywords: bitcoin, freicoin, user-specified bearer instruments, off-chain accounting, atomic
trades, auctions, derivatives, transitive transactions