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NYC Web Payments BoF (September 22nd, 2013)

From: Manu Sporny <msporny@digitalbazaar.com>
Date: Sat, 07 Sep 2013 21:48:24 -0400
Message-ID: <522BD768.6090304@digitalbazaar.com>
To: Web Payments <public-webpayments@w3.org>

Topic: Web Payments and Enabling Price Stability

Who: Web Payments innovators, Bitcoiners, Ripplers, and Economists
When: 6:30 pm on Sunday, September 22nd 2013
Where: New York City (NYU or a quiet restaurant around NYU)
Organizers: Joseph Potvin, Manu Sporny

Problem: Jane wants to accept Bitcoins as payment for the vegetables
that she grows on her farm as part of a community-supported agriculture
program. She is concerned that the worth of a Bitcoin will change so
drastically that by the time she receives the Bitcoins that they will
have halved in value and she will be unable to afford to run her farm. A
new economic tool is needed to ensure the price stability of a Bitcoin
so that she can accept Bitcoins for long-term contracts without fear of
their devaluation over time.

How do we create an open payment standard for the Web that permits the
stable interpretation of prices for tangible goods and services in
various currencies? Can we come up with ways to offer price stability
for contracts that involve deferred payments, even when currency
exchange rates fluctuate constantly in the speculative foreign currency
exchange market? Can we come up with ways to express stable value with
decentralized virtual currencies such as Bitcoin and Ripple in spite of
broader currency system turbulence? Join us to learn about, discuss, and
explore new ways of approaching the challenges and opportunities of open
funding and open payment protocols on the Web.

RSVP if you plan to come.

This is part of a Web Payments tour through NYC. We will also be at:

http://edgeconf.com/2013-nyc/ on September 23rd

and at the Financial Times (let me know if you want to attend that Web
Payments talk (on behalf of your financial/publishing institution)) on
September 24th.

-- manu

Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
Founder/CEO - Digital Bazaar, Inc.
blog: Meritora - Web payments commercial launch
Received on Sunday, 8 September 2013 01:48:53 UTC

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