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Re: Regulatory Considerations running an ILP node (Re: [Ledger] Bootstrapping Interledger)

From: Andrew Bransford Brown <andrewbb@gmail.com>
Date: Thu, 10 Nov 2016 18:43:38 -0500
Message-ID: <CAPS+YF+7E21MT7p17UdQj=roJ4cot_unYbPX5eCyA+FCDu7dfA@mail.gmail.com>
To: Ken Griffith <kengriffith@gmail.com>
Cc: Interledger Community Group <public-interledger@w3.org>
That is due to existing people with leverage points they don't want to give
up.  However, a new market can be designed right.  That's why I'm
suggesting a Texas Stock Market.


Andrew B. Brown
(512) 947-8282
http://KidsCourtyard.com


On Thu, Nov 10, 2016 at 6:08 PM, Ken Griffith <kengriffith@gmail.com> wrote:

> > The value being traded exists somewhere at all times and its location
> > and owner must be known at every step in the transaction.
>
> That is the fundamental weakness of an open system like Interledger. The
> regulators will never allow a regulated node to connect to the unregulated
> nodes.  Maybe in 50 years this will be possible.  But the world we live in
> today is bogged down with AML rules.
>
>
Received on Thursday, 10 November 2016 23:44:10 UTC

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