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

Re: Ripple protocol changes for Interledger support

From: Evan Schwartz <evan@ripple.com>
Date: Thu, 28 Jan 2016 14:00:37 -0800
Message-ID: <CAONA2jVNVJ7Mim7bGa-2MtKC1U86+kNJyDsWdOvJ3hNrxJmu_w@mail.gmail.com>
To: Daniel Bateman <7daniel77@gmail.com>
Cc: Interledger Community Group <public-interledger@w3.org>, Steven Roose <stevenroose@gmail.com>, tiffany4772@hotmail.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

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