Re: Web Payments Telecon Minutes for 2013-12-04

As always, great scribing!

Two corrections to get back to you with (Hmm, I'm not sure how corrections
are handled for the telcon discussion notes.)

[ADD TEXT IN SQ BRACKETS, 3 LOCATIONS]

>From a legal point of view, in terms of language and the way it's
implemented, it's significant that the indexes are [not going to be]
provided as alternative exchange rates, [because if they are,] a whole
bunch of different laws come in. [Instead] if it's just algorithmic
pricing, that's just in contract law and things are simpler. There is a
deep principle that buyers and sellers can negotiate prices in that way, we
should refer to... ...it in that manner.


[REMOVE TEXT IN SQ BRACKETS, 1 LOCATION]

It's not my intention to [REMOVE: not to] try to impose the use of this,
but I do want to make sure that we don't block it out. So, as long as that
choice is there, there can be a slow multiyear realization that it puts a
lot more power into peoples hands.

Tx!

Joseph Potvin

On Wed, Dec 4, 2013 at 2:41 PM, Manu Sporny <msporny@digitalbazaar.com>wrote:

> Thanks to Dave Longley for scribing today! The minutes for this week's
> Web Payments telecon are now available here:
>
> https://payswarm.com/minutes/2013-12-04
>
> Full text of the discussion follows for archival purposes at the W3C.
> Audio of the meeting is available as well (link provided below).
>
> --------------
> Web Payments Community Group Telecon Minutes for 2013-12-04
>
> Agenda:
>
> http://lists.w3.org/Archives/Public/public-webpayments/2013Dec/0000.html
> Topics:
>    1. Web Payments at the African Union
>    2. Federal Reserve Call for Papers
>    3. ISSUE-9: Choice of Price Index
>    4. March 2014 Web Payments Workshop Call For Participation
>    5. Web Identity
> Action Items:
>    1. Manu to post slides for African Union presentation.
>    2. Manu to create skeleton Web Price Indexing specification.
> Chair:
>    Manu Sporny
> Scribe:
>    Dave Longley
> Present:
>    Dave Longley, Manu Sporny, David I. Lehn, Pindar Wong,
>    Joseph Potvin, Brent Shambaugh
> Audio:
>    http://payswarm.com/minutes/2013-12-04/audio.ogg
>
> Dave Longley is scribing.
> Manu Sporny:  any changes to the agenda?
> David I. Lehn:  we should discuss the fed call for papers
> Manu Sporny:  right, we'll add that to the agenda after the Web
>    Payments at the African Union discussion.
>
> Topic: Web Payments at the African Union
>
> Manu Sporny:  we can do that as the item before web payments
>    workshop since it's time sensitive
> Pindar Wong:  Manu presented in Bali at the Internet Governance
>    Forum 2013. In about 19 hours african union  50th anniversary
>    celebration will kick off. It relates to ICT week and web
>    payments group will be speaking in about 19 hours, linking some
>    of the great work andd tech and policy they've done with mobile
>    payments, we'd like to invite them to join the work of this
>    group, most importantly from the policy level. A big shout out to
>    Mozilla for giving me a Firefox OS phone to show to the AU at the
>    meeting. Myself and Manu will be on that call, hopefully the
>    outreach and dialog will be good.
> Manu Sporny:  the dates for the workshop will be march 24th-25th,
>    we can tell them the date and the location (Paris).
> Pindar Wong:  A lot of very important people will be there for
>    this planning meeting. If you look down the list all the names
>    are preceded by "His Eminance/Her Eminance", great follow up from
>    the IGF, hope it will lead to more participation in this group on
>    policy, we'll be opening our fifth IP trading platform in about 9
>    hours from now as well.
> Pindar Wong:  here's a link to the African Union their
>    Information Technology and Communication Strategy (ICT) slide
>    deck: https://payswarm.com/slides/2013/au-ict-strategy/
> Manu Sporny:  here's a link to the African Union and Web Payments
>    slide deck: https://payswarm.com/slides/2013/au-webpayments/
> Manu Sporny:  thanks pindar!
>
> ACTION: Manu to post slides for African Union presentation.
>
> Manu Sporny:  we need to discuss the fed reserve call for papers
>    next
>
> Topic: Federal Reserve Call for Papers
>
> Manu Sporny:  as dave lehn pointed out on the mailing list, fed
>    has put out a call for papers, due in 9 days, we haven't done
>    much work on them, we need to get this done and in there, i'm
>    going to take an action to write a position paper based on some
>    of the stuff we've been writing for mozilla and some other stuff,
>    it will be a recap, and we'll point the fed at the web payments
>    work and ask for their input and participation
> Manu Sporny:  i expect it to be 2-4 pages fairly high-level,
>    important to get on their radar and get a contact from them
> Manu Sporny: Dave Lehn sent this out to remind us about the Fed
>    paper submission:
>
> http://lists.w3.org/Archives/Public/public-webpayments/2013Dec/0001.html
> Joseph Potvin:  currently, i'm looking at the wiki right now, the
>    sections haven't been fleshed out yet
> Manu Sporny:  yeah, really our response is only supposed to
>    answer some of those questions, and with all the travel, etc. we
>    haven't had time to work on it
> Manu Sporny:  it's mainly a prompt for responses, we'll go ahead
>    and say what we've been working on, summarizing all the work,
>    price indexing, payments protocol, ripple, bitcoin, etc. and say
>    there's a group working on all the things you've identified as
>    issues and we'd like the fed to take part in that work and follow
>    up with them later on in the yera
> Joseph Potvin:  i'll arrange to commit some time over the ...
>    what's our deadline?
> David I. Lehn:  next friday
> Manu Sporny:  i'm hoping to have something to send by upcoming
>    monday
> Manu Sporny:  hopefully you can add your thoughts to it after
>    that and then i'll send it in
> Joseph Potvin:  ok
>
> Topic: ISSUE-9: Choice of Price Index
>
> Manu Sporny is scribing.
> https://github.com/web-payments/payswarm.com/issues/9
> Joseph Potvin:  On the discussion on github, I think Dave and I
>    worked out a scenario on how this could be implemented, from a
>    big picture point of view, by providing a choice of indexes, it
>    creates an open market for producers of indexes. Most wont, some
>    will.
> Joseph Potvin:  Classes of vendors who are similarly impacted by
>    certain forces in the market will tend toward one or another
>    index. So trust models can be created around certain index
>    providers. It's a different scenario from autonomous providers
>    like Bitcoin. It's a different sort of financial instrument - the
>    price index.
> Joseph Potvin:  From a legal point of view, in terms of language
>    and the way it's implemented, it's significant that the indexes
>    are provided as alternative exchange rates, a whole bunch of
>    different laws come in. if it's just algorithmic pricing, that's
>    just in contract law and things are simpler. There is a deep
>    principle that buyers and sellers can negotiate prices in that
>    way, we should refer to...
>    ...it in that manner.
> Dave Longley:  I think we're on the same page on the goals, I
>    think the discussion was around how the technology would work. I
>    think we sort of came to an agreement that we can break this
>    thing up into its respective parts. Make sure payment providers
>    don't have to implement things they don't need to implement. We
>    should only make the people that need this feature implement it.
> Dave Longley:  So the core ecommerce protocol would deal w/
>    listings. Listings could include price index information, but
>    customer sites wouldn't have to do that. Sites can provide this
>    feature, not the core protocol.
> Dave Longley:  I think we more or less came to a good conclusion
>    on how we could do this. We need to have a spec for how price
>    indexing should work, but not require payment processors to
>    implement it.
> Dave Longley:  We could have payment processors support other
>    things - like currency conversion. It allows them to provide
>    value-add services.
> Joseph Potvin:  First, on the documentation side. Where should we
>    document this?
> Dave Longley:  We have a number of different specs. We have Web
>    Identity specs, we have Web COmmerce specs, HTTP Signatures. What
>    we're looking at is another spec on how you do price indexing.
> Dave Longley:  We can talk about how a listing is generated if
>    you want to use price indexing. What the spec would say is: If
>    you take these inputs from a vendor, you can generate this final
>    price listing output. We could also define the protocol for
>    communicating w/ the price indexing services.
> Joseph Potvin:  Who will initiate writing the spec?
> Dave Longley:  I think we should present this to the group as
>    another spec and be clear how this could be another thing that
>    could fall under the charter.
> Joseph Potvin:  What are the things to do between now and March.
> Dave Longley:  We need to spec out what an API for a price
>    indexing service would look like. What the inputs and outputs
>    are.
> Dave Longley:  We need to describe the purpose of this. How
>    people could implement their own or how payment processors could
>    implement this as a service.
> Dave Longley:  If you are a vendor and you want to use price
>    indexing, you would do XYZ.
> Manu Sporny:  Here are the actual steps: 1) Create a skeleton
>    spec for Joseph and his team to fill out on payswarm.com, 2)
>    Flesh out the spec to explain the basic protocol (vendor contacts
>    price index, uses that information to generate listing, JSON-LD
>    messages sent back and forth, etc.), 3) Publish a paper for the
>    Web Payments workshop on price indexing, 4) pick the price
>    indexing stuff up as a working group item.
> Manu Sporny:  I still do have concerns that Dave Longley and
>    Joseph are slightly out of alignment. We have to tread a fine
>    line here. Price indexing is important, and it's completely
>    foreign to Web Developers. If we put it in the core protocol, we
>    run the risk of the entire thing not being implemented because
>    it's too complicated. If we don't put it in the core protocol, we
>    run the risk of price indexing not being implemented at all
>    because it's an optional feature. I think there is another option
>    that hasn't been discussed, and that's to include the price index
>    and a price variability amount. So, if the price varies too much,
>    then the payment processors will mark the listing as invalid. The
>    upside to this is that it doesn't complicate the core protocol
>    too much, but still allows listings to be invalidated if the
>    price index shows that the price has been too volatile (such as
>    in the Bitcoin case).
> Joseph Potvin:  Having vendors choose their price index - many
>    people are not expecting to have the right to choose. There is
>    going to be a fear of freedom. There will be FUD. It's not my
>    intention to not to try to impose the use of this, but I do want
>    to make sure that we don't block it out. So, as long as that
>    choice is there, there can be a slow multiyear realization that
>    it puts a lot more power into peoples hands.
> Joseph Potvin:  They can still trust third parties.
> Dave Longley:  My concern is hitting every price point for every
>    currency that would be available over a 5 minute period.
> Dave Longley:  for every vendor [scribe assist by Dave Longley]
> Joseph Potvin:  How this would play out is hard to know at the
>    moment. That is, what direction things will go is going to be
>    hard to determine. The speculator intent, like volatility, the
>    goods and services industry hates volatility. So indexes that
>    offer good price stability don't have to be updated on an
>    hourly/daily basis. So, where the predominant market demand for
>    these indices will go, we'll have to see.
> Manu Sporny: I don't buy the whole scalability problem. We have
>    tons of services on the Web that are hit more frequently than a
>    price indexing service would be hit. We can design these things
>    so that payment processors don't bear the brunt of the processing
>    here. For example, the difference w/ the proposal I'm making is
>    that the price information can be evaluated and cached by the
>    vendor, payment processors are completely out of the loop until
>    the time of purchase. Then, at the time of purchase, the payment
>    processor just needs to check w/ the price index once per refresh
>    cycle, we can depend on HTTP Cache headers for most of this. Very
>    few indexes are going to fluctuate as wildly as Bitcoin is, and
>    even in that case, a 10 minute window between Bitcoin price
>    refreshes wouldn't be a terrible concession. As a result, the
>    payment processors and the payment price index servers don't
>    really have to do that much extra work. Now the question is, what
>    happens when the price deviates from the price index by more than
>    5%? Reject the listing and notify the vendor? Or allow the
>    payment processor to modify the price? I don't have a strong
>    opinion either way, but the first one would be easier to
>    implement.
> Dave Longley:  We'll have to be careful w/ that. Version 1 might
>    just be to reject it by sending it back to the vendor. This is
>    important, because this is going to happen w/ other things.
> Joseph Potvin:  So we could give the option of 1) reject, or 2)
>    revise the listing.
> Dave Longley:  These are minor changes, so I'm fine w/ what
>    Manu's proposed because it seems like it scales and doesn't put
>    undue burden on payment processors.
> Dave Longley:  Once we get a skeleton up there, I can spend a
>    little time about how we communicate w/ a price indexing service.
> Joseph Potvin:  To be clear, what my colleagues are doing here -
>    we're going to lead documentation and lead source code
>    generation. I'm also collaborating w/ 5+ price index providers,
>    so there will be work from those areas.
> Manu Sporny:  Yes, very important to get others into this group.
>    External parties that want to implement the spec are important.
> Joseph Potvin:  I need to convince them that it's good to make
>    this information semi-public
> Manu Sporny:  Index providers don't really have to make this open
>    data. The price indexing server is more or less an oracle - you
>    ask it a question, it gives you an answer.
> Dave Longley:  There might be something we can figure out where
>    we can express more information about the index. Getting an
>    implementation done will go a long way to showing people how this
>    works.
> Joseph Potvin:  What specs should I look at to get an idea of
>    what needs to be written?
> Manu Sporny:  These are the specs that you can look at as an
>    example:
>    https://github.com/web-payments/payswarm.com/tree/master/specs/source
> Manu Sporny:
>
>
> https://github.com/web-payments/payswarm.com/tree/master/specs/source/http-keys
> Manu Sporny:  https://payswarm.com/specs/source/http-keys/
>
> ACTION: Manu to create skeleton Web Price Indexing specification.
>
> Topic: March 2014 Web Payments Workshop Call For Participation
>
> Dave Longley is scribing.
> Manu Sporny: This is the preview for the Web Payments workshop
>    call for participation. It's a draft, DO NOT CIRCULATE IT:
>    http://www.w3.org/2013/10/payments/
> Manu Sporny: 24-25 March 2014, Paris, France
> Manu Sporny:  the landing page for the workshop is done, it gives
>    background on what we're trying to achieve, the types of orgs we
>    expect to show up to the workshop in paris, march 24-25 2014
> Manu Sporny: Palais Brongniart (La Bourse)
> Manu Sporny:  it's in the the old Paris trading floor
> Manu Sporny:  we have probably around 13 program committee
>    members, we want to get 20-25
> Manu Sporny:  once we have the program committee together, we
>    have chairs in place, we hope to make an announcement soon
> Manu Sporny:  i told dave raggett we would simplify the goals and
>    scope of the workshop page, right now it's kind of a wall of text
> Manu Sporny:  getting the rest of the program committee members
>    on board is important, we'll do that in parallel with the
>    announcement
> Manu Sporny:  we want to get it out early in december because it
>    will take people some to get spun back up next year (and
>    holidays, etc)
> Manu Sporny:  and it will take some time for us to review it,
>    papers, etc.
> Manu Sporny:  we can't delay publication of this too much longer
>    than we already have before doing the official call.
> Joseph Potvin:  i'll get back to you offline with specific
>    thoughts about the agenda
>
> Topic: Web Identity
>
> Manu Sporny:
>
> http://lists.w3.org/Archives/Public/public-webpayments/2013Nov/0104.html
> Manu Sporny:  while in HK i put together a quick Web Identity
>    spec because it's something that we've been talking about for a
>    while without having a spec, we do have an implementation or some
>    version of this for payswarm
> Manu Sporny: https://payswarm.com/specs/source/web-identity/
> Manu Sporny:  it is it pretty specific, the way we're going to do
>    identities on the web is... you can have multiple identities, a
>    url associated with each one, you or orgs can read/write to that
>    URL (placed into that identity), validation of your citizenship
>    (US/canadian/chinese/whatever) can be digitally-signed and added
>    to your identity so you can have a mechanism for proving your
>    citizenship on the web
> Manu Sporny:  or other data, this is important for KYC for
>    banking
> Manu Sporny:  we're hoping this information can be used to very
>    easily do KYC online
> Manu Sporny:  security is also key, so access control lists are
>    important, creator of the identity is in ultimate control, you
>    give people right/revoke the privilege of others to read/write
>    specific piece of information
> Manu Sporny:  you could share your citizenship with your bank but
>    only your email address with some other website, etc.
> Manu Sporny:  you could give access to allow services to get the
>    latest version of your information
> Manu Sporny:  most of the pieces of information that are
>    important to validate you can associate a digital signature with
> Manu Sporny:  the gov't can associate DS with your citizenship
>    info
> Manu Sporny:  only gov't can then make that assertion
> Manu Sporny:  you can DS your own information so only you can
>    make that assertion
> Manu Sporny:  prevents forgery
> Manu Sporny:  so the spec is about how to store/show identity and
>    read/write info
> Manu Sporny:  one more thing, kingsley and some others who are
>    part of the RWW group that we're trying to collaborate with, and
>    there's another similar initiative called WebID at w3c that has
>    been going on for many years now, what we're proposing is similar
>    but has important differences, we've already done an analysis of
>    WebID and it seems like it's not something we could use very
>    easily
> Brent Shambaugh: So you can't use a WebID URI?
> Manu Sporny: You can use a WebID URL, but the information at that
>    URL and how you access that URL may not be quite aligned. It is
>    possible to have something that conforms to both the WebID and
>    Web Identity specifications.
> Joseph Potvin:  what's the criteria for putting something on the
>    mailing list vs. over at github?
> Manu Sporny:  we like to keep general discussions on the mailing
>    list, specific technical stuff that's nitpicky happens on the
>    github tracker. It's hard to differentiate one from the other
>    sometimes.
> Joseph Potvin:  can i point to github when writing to the mailing
>    list?
> Manu Sporny:  yeah that's good, technical details on github, high
>    level design on mailing list
>
> -- manu
>
> --
> Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
> Founder/CEO - Digital Bazaar, Inc.
> blog: Meritora - Web payments commercial launch
> http://blog.meritora.com/launch/
>
>


-- 
Joseph Potvin
Operations Manager | Gestionnaire des opérations
The Opman Company | La compagnie Opman
http://www.projectmanagementhotel.com/projects/opman-portfolio
jpotvin@opman.ca
Mobile: 819-593-5983
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