- From: Evan Schwartz <evan@ripple.com>
- Date: Thu, 28 Jan 2016 14:00:37 -0800
- To: Daniel Bateman <7daniel77@gmail.com>
- Cc: Interledger Community Group <public-interledger@w3.org>, Steven Roose <stevenroose@gmail.com>, tiffany4772@hotmail.com
- Message-ID: <CAONA2jVNVJ7Mim7bGa-2MtKC1U86+kNJyDsWdOvJ3hNrxJmu_w@mail.gmail.com>
I think the main issue is that it's a feature that would add a lot of complexity and I believe the team is focused on other priorities at the moment. Is there a specific use case you're interested in for this? On Thu, Jan 28, 2016 at 11:55 AM, Daniel Bateman <7daniel77@gmail.com> wrote: > 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> >> > -- Evan Schwartz | Software Architect | Ripple [image: ripple.com] <http://ripple.com>
Received on Thursday, 28 January 2016 22:01:26 UTC