- From: Adrian Hope-Bailie <adrian@hopebailie.com>
- Date: Mon, 26 Oct 2015 17:19:18 +0200
- To: Interledger Community Group <public-interledger@w3.org>
- Message-ID: <CA+eFz_KXujXZgBm=WiN2P4NZ==Dp7djhjp92ATrje3SLoJTaNQ@mail.gmail.com>
Another of Arie's great questions: In a world of risk mitigation and systemic risk exposure, would it be safe to say that having different types of connectors is wise? - ie; banks in all jurisdictions - wire houses v regional - commercial v IB's - cpa's, accountants - lawyers/barristers In my opinion this is the beauty of ILP over the traditional closed payment networks we have today. ILP creates a competitive ecosystem where users have choice and are able to make payments along payment paths that meet their particular requirements. The more variety we have in connectors and ledgers the more variety we will have in payment options allowing a user to favour speed, stability, guaranteed delivery, cost or any other metric in determining the path they wish to follow for their payment. Bare in mind that ILP could also be used to link ledger's tracking non-traditional assets (i.e. not just currencies) so there may be connectors that operate under different laws and regulations for different use cases. Consider that you may have someone offering a ledger that tracks ownership of gold in a vault and connectors that offer a spread for buying and selling that gold for different currencies. It may be that the desired path for a particular user payment uses gold as one of the intermediary assets. What regulations are the connectors trading gold (or Bitcoin, or Word Of Warcraft gold) subject to?
Received on Monday, 26 October 2015 15:19:47 UTC