Re: w3c payment processors

<tangential comment>

RE: "I also have some bitcoin "testnet" coins that could be used to test
settlement.  They are worthless coins but otherwise will all the same
properties of btc."

Spotted at https://en.bitcoin.it/wiki/Testnet  "Testnet2 was just the first
testnet reset with a different genesis block, because people were starting
to trade testnet coins for real money."

The difference between one and the other is, um...

Here's a potentially useful benchmark for the "real" BTC:
http://www.numbeo.com/common/motivation_and_methodology.jsp

... more on this coming soon, at a very generic level, here:
https://www.w3.org/Payments/IG/wiki/Use_Cases_Task_Force#Choosing_the_Attributes_of_Price
Drafting under way.

</tangential comment>

Joseph Potvin

On Thu, Mar 12, 2015 at 3:56 AM, Melvin Carvalho <melvincarvalho@gmail.com>
wrote:

>
>
> On 12 March 2015 at 05:21, Manu Sporny <msporny@digitalbazaar.com> wrote:
>
>> To clarify a bit more...
>>
>> On 03/06/2015 04:19 PM, Melvin Carvalho wrote:
>> > I would like to implement a payment processor in line with the w3c
>> > payments spec
>>
>> Keep in mind that there is no such thing as a "W3C Payments Spec" right
>> now. I know you know that Melvin, but others on the list might get the
>> wrong idea.
>>
>> There are Web Payments /Community Group/ specifications, many of them
>> incomplete or in need of updating, but with implementations.
>>
>> There are no Web Payments /Interest Group/ or /Working Group/
>> specifications yet. We're working through the details now of use cases,
>> roadmap, and Web Payments Architecture (Payment Agent). Expect First
>> Public Working Drafts of those in the coming months.
>>
>> > I was wondering if anyone else is working on something similar
>> > because I'd like to test payments from one processor to another, and
>> > it doesnt seem clear how to do that right now.  Perhaps with some
>> > running code the problem would be easier to break down.
>>
>> There is currently no mechanism to do cross-payment processor clearing.
>> Payment Processors could use Ripple, centralized continuous clearing, or
>> some other blockchain-like mechanism to clear payments between each
>> other. Not having this spec'd right now is problematic, and we really do
>> need to sort out the details here.
>>
>> > Just trying to establish tentatively if anyone may be willing to help
>> > test in the short to medium term.
>>
>> +1, willing to test... but before we can do that, we need to settle on
>> the protocol (which is a non-trivial undertaking).
>>
>
> +1 to everything
>
> My hope was that through running code it might be easier to come to a
> consensus.
>
> Perhaps we could have a wiki page for people that would like to test,
> similar to :
>
> https://dvcs.w3.org/hg/ldpwg/raw-file/default/tests/reports/ldp.html
>
> I think we may need a clearing system like ripple or ACH
>
> I also have some bitcoin "testnet" coins that could be used to test
> settlement.  They are worthless coins but otherwise will all the same
> properties of btc.
>
>
>>
>> -- manu
>>
>> --
>> Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
>> Founder/CEO - Digital Bazaar, Inc.
>> blog: The Marathonic Dawn of Web Payments
>> http://manu.sporny.org/2014/dawn-of-web-payments/
>>
>>
>


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