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Re: Fwd: [Ripple] settle.network

From: Adrian Hope-Bailie <adrian@hopebailie.com>
Date: Mon, 27 Feb 2017 17:52:02 +0200
Message-ID: <CA+eFz_LGmzqA+9X2Jhzh8dtx5CbOyy97uLD7TVi2syvyEYhoMw@mail.gmail.com>
To: Eric Wall <eric.wall.770@gmail.com>
Cc: Andrew Bransford Brown <andrewbb@gmail.com>, Melvin Carvalho <melvincarvalho@gmail.com>, Steven Roose <stevenroose@gmail.com>, Interledger Community Group <public-interledger@w3.org>
This is pretty much what a network of people running
https://github.com/interledgerjs/ilp-kit/ would create.

ILP-kit includes a ledger to track the balances of others you trust but if
you "peer" with someone using the latest version you will use
https://github.com/interledgerjs/ilp-plugin-virtual which means your two
connectors establish a trustline instead of holding balances on a ledger.

With ledger plugins for Ripple, Lightning etc you can create a massive
decentralized network of peers where the trustlines between them are
underwritten by payment channels on a distributed ledger.

On 27 February 2017 at 17:36, Eric Wall <eric.wall.770@gmail.com> wrote:

> I read this article http://www.ibtimes.co.uk/introducing-trustlines-
> original-ripple-idea-ethereum-1607226
>
> And thought it might bear relevance to this mail-conversation.
>
> On Wed, Feb 22, 2017 at 5:39 PM, Andrew Bransford Brown <
> andrewbb@gmail.com> wrote:
>
>> 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
>>>> --
>>>> You received this message because you are subscribed to the Google
>>>> Groups "Ripple Project" group.
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>>>>
>>>>
>>>>
>>>
>>
>
Received on Monday, 27 February 2017 15:52:38 UTC

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