- From: Daniel Bateman <7daniel77@gmail.com>
- Date: Thu, 28 Jan 2016 14:55:29 -0500
- To: Evan Schwartz <evan@ripple.com>
- Cc: Interledger Community Group <public-interledger@w3.org>, Steven Roose <stevenroose@gmail.com>, tiffany4772@hotmail.com
- Message-ID: <CAB1OcyHJLiMMV2F1m-ToeejOeR6TumWro3NfVDEcO=EW-R9S3g@mail.gmail.com>
Evan, Thank you for this information. If non-XRP funds can truly be sequestered, this would be monumental. What are the road blocks to such a feature? Daniel On Jan 28, 2016 2:49 PM, "Evan Schwartz" <evan@ripple.com> wrote: > The complexity of implementing SusPay with IOUs comes from how the funds > would need to be sequestered. That could be done with a new type of ledger > entry, or they could be held in the SusPay itself. Either way though, all > gateway software as well as the RPC commands would need to be updated to > reflect the fact that IOUs can be stored in a new place. Additionally, > there is the interaction between the freeze feature and the escrowed funds, > as well as the fact that XRP is represented as integers while IOUs are > stored in exponential format that would add further complications. > > On Thu, Jan 28, 2016 at 11:30 AM, Steven Roose <stevenroose@gmail.com> > wrote: > >> 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 >>> >> >> > > > -- > Evan Schwartz | Software Architect | Ripple > [image: ripple.com] <http://ripple.com> >
Received on Thursday, 28 January 2016 19:55:59 UTC