W3C home > Mailing lists > Public > public-interledger@w3.org > January 2016

Re: Ripple protocol changes for Interledger support

From: Steven Roose <stevenroose@gmail.com>
Date: Thu, 28 Jan 2016 20:30:35 +0100
Message-ID: <CAChG=YU4ZKetaEC9_cf6k25Wc4aci0irS1GyV_E7WusbGAwYFA@mail.gmail.com>
To: Daniel Bateman <7daniel77@gmail.com>
Cc: Evan Schwartz <evan@ripple.com>, Interledger Community Group <public-interledger@w3.org>
Daniel. That is not true, non-XRP payments require no additonal trust in
the gateway then when not making payments. All non-XRP payments happen
within Ripple without involvement of the gateway. The gateway is only
involved when withdrawing or depositing money out of or into Ripple.

So with SusPay, the only additional trust in the gateway while a
transactions is suspended is that the gateway will not lose the funds while
the transaction is in suspension. That extra trust is actually negligible
since that trust is automatically assumed while just owning the IOU
currency, that's what the trust limits are for.

So basically the only problem is that a user can possibly change its trust
level while incoming or outgoing transactions are suspended. However, I
don't think that should be so much of an issue. A user can now already
change its trust limit to an amount lower than the amount of currency he
owns. What that induced is that he can only spend the currency and no
longer receive it.

I would be interested in hearing what other additional complexities are
involved here..

On Thu, Jan 28, 2016 at 8:17 PM, Daniel Bateman <7daniel77@gmail.com> wrote:

> Steven,
>
> Non-XRP payments require trusting the gateway that is issuing the non-XRP
> currency/commodity/security etc.
>
> Does this fully answer your question? If not, please specify further.
>
> Daniel
>
Received on Thursday, 28 January 2016 19:31:24 UTC

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