- From: Andrew Bransford Brown <andrewbb@gmail.com>
- Date: Sat, 25 Mar 2017 09:41:45 -0400
- To: Interledger Community Group <public-interledger@w3.org>
Received on Saturday, 25 March 2017 13:42:18 UTC
With regard to the precision and granularity required for 34.208.7.206/ContractsPage.aspx, here are some distinctions from the financial markets: 1. Offer & Terms are separate because it allocates capital accurately. Example: Offer $1000. This isn't a legal offer, but capital must be allocated or one's credit line is reduced. Terms 100 OSTK. This becomes a legal offer. 2. Terms-Units can describe the currency or stock etc. Example: Offer 1000 Terms-Units $ Terms 100 Terms-Units IBM The above is a legal offer. 3. Bid/Ask The above example in #2 is a "Bid". Here is an Ask: Offer 100 Terms-Units IBM Terms 1000 Terms-Units $ Note the identical data structure and description regardless of a Buy or a Sell. Bid/Ask becomes a display function.
Received on Saturday, 25 March 2017 13:42:18 UTC