- From: Paul Frazee <pfrazee@gmail.com>
- Date: Tue, 8 Nov 2016 11:39:58 -0600
- To: Adrian Hope-Bailie <adrian@hopebailie.com>
- Cc: Interledger Community Group <public-interledger@w3.org>, Interledger Mailing List - IETF <ledger@ietf.org>
- Message-ID: <CAD4FMej2KjOQn_2u1oB6Y9EzcOQhdrLnm55x9B99jpormSY4+A@mail.gmail.com>
I'd be willing to run a node without tx fees while we're in the learning phase. What kind of admin/maintenance do I need to be prepared for? The wiki is good, but a checklist for setup and ongoing maintenance would be helpful. I could also help organize an Austin-based meetup. On Tue, Nov 8, 2016 at 2:56 AM, Adrian Hope-Bailie <adrian@hopebailie.com> wrote: > When the Internet was first emerging and large university and research > networks were coming together on the back of the Internet Protocol the > challenge for everyday users was how they could access this new network of > networks without special permission or equipment. > > We face a similar challenge with ILP in that very few of the ledgers > accessible to us support the one function that is critical to universal ILP > payments; real-time conditional transfers. (I wrote a bit about conditional > transfer here: https://medium.com/@ahopebailie/the-power-of- > conditional-payments-2d1ea531250a) > > So, just like the pioneers of the Internet we're improvising! > > "Dial-up" interledger enables us to bootstrap the Interledger using > "virtual" ledgers between connectors that have established a bounded > trusted relationship. > > In other words, if I run a small connector and I trust my friend Stefan > who also runs a connector then we can transact without needing an > ILP-enabled ledger between us. > > We establish a credit limit that we are both comfortable with and agree on > a way to settle our positions as required (via Bitcoin, bank transfer or > even cash). > > Consider what will happen if we build a community of people who are all > establishing similar peering relationships and then introduce ILP-enabled > ledgers to bridge any gaps between connectors that don't know one another. > Very soon we'll have an entirely new payments network where payments flow > like information does on the Internet today. > > We're calling this project the Interledger Bootstrap Project and I've > started capturing some thoughts on the project wiki: > https://github.com/interledgerjs/ilp-kit/wiki > > In short: > 1. Get the ilp-kit code and run a node > 2. Find other nodes to peer with > 3. Do ILP-enabled transactions > 4. Win! > > The ilp-kit is still pre-release and likely to have some bugs and change a > lot so if you're keen to be an early adopter and help test and contribute > back to that project please do so. If you'd rather wait until the code > stabilizes a bit then keep watching the list and we'll let you know when > the first Beta is available. > > Please feel free to make contributions to the wiki. It would be great if > this was a community effort! > > Adrian >
Received on Tuesday, 8 November 2016 17:41:12 UTC