W3C home > Mailing lists > Public > public-webpayments@w3.org > February 2012

Re: Web Credits Writeup

From: Melvin Carvalho <melvincarvalho@gmail.com>
Date: Wed, 8 Feb 2012 08:54:56 +0100
Message-ID: <CAKaEYhKDMWTH3KsG8ZopEYsMPW+3+n=x8BZa6b_TKiE+UkYa-Q@mail.gmail.com>
To: opentransact@googlegroups.com
Cc: Web Payments <public-webpayments@w3.org>
On 24 January 2012 16:22, Pelle Braendgaard <pelle@stakeventures.com> wrote:
> Great simple spec.
> I realize that this was based on PaySwarm and not OpenTransact. But with a
> couple of parameter name changes it would be OpenTransact compliant. Also
> I'd suggest you have a URL form encode option to make it simple to integrate
> with web forms.
> BTW I love the Tim Berners-Lee quote on the page, which is exactly we have
> made the design choices we have made in OpenTransact:
> "The way the Web spread was a piece at a time. So you could take html
> without taking http. So the failure of NEXT was a lesson, donít try to sell
> it all at one time. Sell each piece on its own merits. Never insist that
> everybody take all. They will take all the pieces once they see how it fits
> together."

The prototype of the first app should be available here:


Please be aware that it's still alpha-ish code

> P
> On Fri, Jan 20, 2012 at 4:47 PM, Melvin Carvalho <melvincarvalho@gmail.com>
> wrote:
>> Here's a quick writeup of what I previously posted as the opentabs
>> protocol. †I've codenamed it 'Web Credits' for now and put it on the
>> wiki.
>> Introduction
>> ==========
>> Web Credits is an ultra simple system for storing and transferring
>> IOUs (credits) between agents.
>> *The aim of this spec is not to exceed 2 pages*, be usable to create
>> distributed payments, and arbitrarily extensible to add encryption,
>> workflow, trust and aggregation systems of your chosing.
>> 95%+ of the money in the world is in the form of an IOU. A bank
>> balance is an IOU from the bank to you, Cash is often an IOU from a
>> govt. to an individual.
>> The protocol is inspired by the Linked Data and PaySwarm standards,
>> and is a usable subset that focuses on the data layer (JSON) and
>> communication to apps (HTTP).
>> [Read More]
>> http://webcredits.org/
> --
> http://picomoney.com - Like money, just smaller
> http://stakeventures.com - My blog about startups and agile banking
Received on Wednesday, 8 February 2012 07:59:15 UTC

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