Re: Fwd: [Ripple] settle.network

Yes, all you need is a list of IOUs/promises (open and completed).

Open IOUs/promises become a live exchange.  Completed transactions become
reputation.

Optionally, the list of IOUs/promises can be aggregated into a currency or
credit value.




On Wed, Feb 22, 2017 at 11:06 AM, Melvin Carvalho <melvincarvalho@gmail.com>
wrote:

>
>
> On 22 February 2017 at 15:56, Steven Roose <stevenroose@gmail.com> wrote:
>
>> In fact I've recently been thinking about a way of using Interledger to
>> build a decentralized network like that as well.
>>
>> If every person is it's own ledger with allows slight overdrafts
>> (negative balances) for people it trusts, a network between these people
>> could exist without having to have any actual ledgers holding deposits,
>> it's all IOU's.
>>
>> Much like Ripple or trustlines.network, but without the blockchain or the
>> shared ledger.
>>
>
> +1
>
> love this idea!
>
>
>>
>> On 22-02-17 07:18, Melvin Carvalho wrote:
>>
>> FYI
>>
>> ---------- Forwarded message ----------
>> From: Giovanni P <fiatjaf@gmail.com>
>> Date: 21 February 2017 at 21:47
>> Subject: [Ripple] settle.network
>> To: rippleusers <rippleusers@googlegroups.com>
>>
>>
>> Has anyone seen this[1]? It's some personal project that implements the
>> Ripple decentralized protocol without commits, in a way that I've been
>> thinking for a long time that would work (everyone is subject to lose money
>> in the amount of their trust -- if the trusted party is a bad agent), with
>> assets hosted on federated nodes.
>>
>> They have a hidden Google Group[2].
>>
>> [1]: https://settle.network/
>> [2]: https://groups.google.com/forum/#!forum/settle-public
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>>
>>
>