Re: Web Credits Writeup

On 24 January 2012 16:22, Pelle Braendgaard <pelle@stakeventures.com> wrote:
> Great simple spec.
>
> I realize that this was based on PaySwarm and not OpenTransact. But with a
> couple of parameter name changes it would be OpenTransact compliant. Also
> I'd suggest you have a URL form encode option to make it simple to integrate
> with web forms.

I'd be very happy to try and make the base layer both payswarm and
opentransact compliant.

Could you give an example of how you think this could be done.

Do you mean a translation service that takes an HTTP GET + OAuth token
and transforms it to a POST and preserves the token?

>
> BTW I love the Tim Berners-Lee quote on the page, which is exactly we have
> made the design choices we have made in OpenTransact:
>
> "The way the Web spread was a piece at a time. So you could take html
> without taking http. So the failure of NEXT was a lesson, don’t try to sell
> it all at one time. Sell each piece on its own merits. Never insist that
> everybody take all. They will take all the pieces once they see how it fits
> together."
>
>
> P
>
> On Fri, Jan 20, 2012 at 4:47 PM, Melvin Carvalho <melvincarvalho@gmail.com>
> wrote:
>>
>> Here's a quick writeup of what I previously posted as the opentabs
>> protocol.  I've codenamed it 'Web Credits' for now and put it on the
>> wiki.
>>
>> Introduction
>> ==========
>>
>> Web Credits is an ultra simple system for storing and transferring
>> IOUs (credits) between agents.
>>
>> *The aim of this spec is not to exceed 2 pages*, be usable to create
>> distributed payments, and arbitrarily extensible to add encryption,
>> workflow, trust and aggregation systems of your chosing.
>>
>> 95%+ of the money in the world is in the form of an IOU. A bank
>> balance is an IOU from the bank to you, Cash is often an IOU from a
>> govt. to an individual.
>>
>> The protocol is inspired by the Linked Data and PaySwarm standards,
>> and is a usable subset that focuses on the data layer (JSON) and
>> communication to apps (HTTP).
>>
>> [Read More]
>>
>> http://webcredits.org/
>>
>
>
>
> --
> http://picomoney.com - Like money, just smaller
> http://stakeventures.com - My blog about startups and agile banking

Received on Tuesday, 24 January 2012 15:28:16 UTC