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

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

From: Paul Frazee <pfrazee@gmail.com>
Date: Thu, 10 Nov 2016 18:01:38 -0600
Message-ID: <CAD4FMeijndMfQxd3-U+rRXXogydTVGsvDnBjpKfj2xBE_gJ-Gg@mail.gmail.com>
To: Andrew Bransford Brown <andrewbb@gmail.com>
Cc: Ken Griffith <kengriffith@gmail.com>, Interledger Community Group <public-interledger@w3.org>
I have to ask then, is my usecase realistic? I dont have much use for Texan
stocks. I need general payments.

On Thu, Nov 10, 2016 at 5:43 PM, Andrew Bransford Brown <andrewbb@gmail.com>
wrote:

> 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 Friday, 11 November 2016 00:02:51 UTC

This archive was generated by hypermail 2.3.1 : Friday, 11 November 2016 00:02:51 UTC