W3C home > Mailing lists > Public > public-webpayments@w3.org > September 2013

Re: Tradehill Bitcoin exchange shut down for 2nd time in 2 years

From: Joseph Potvin <jpotvin@opman.ca>
Date: Mon, 9 Sep 2013 09:35:21 -0400
Message-ID: <CAKcXiSr=3KRQJuR+HJnKEQQKmOvXW8+0ZX3_bbYx3XyXvKBMPA@mail.gmail.com>
To: pindar wong <pindar.wong@gmail.com>
Cc: Web Payments CG <public-webpayments@w3.org>
RE: "in an era where constraints/requirements are no longer relevant"

That might or might not be the case. Here's a useful reference, for
example, which the libertarians on this list will recognize:
http://library.mises.org/books/Friedrich%20A%20Hayek/Choice%20in%20Currency.pdf

There used to be diverse currencies operating under all sorts of legal
frameworks, so it's helpful to look backwards, not just forwards, for
economic and legal foundations.

BTW, even Thomas Edison worked on a currency proposal:
http://faculty.washington.edu/dtwills/resources/Edisons-Monetary-Option.pdf
http://query.nytimes.com/mem/archive-free/pdf?res=9E0CEFD71E30E633A25750C2A9619C946395D6CF

Global peer-to-peer virtual currencies innovate some aspects of money,
but not all.

Joseph Potvin



On Mon, Sep 9, 2013 at 8:10 AM, pindar wong <pindar.wong@gmail.com> wrote:
>
>
>
> On Mon, Sep 9, 2013 at 7:52 PM, Joseph Potvin <jpotvin@opman.ca> wrote:
>>
>> RE: "Not a technical issue"
>>
>> These issues are technical in law.
>
>
> Sure... the legal code to be sure.
>
>>
>> They set some of the business
>> requirements for the application layer. There will be battles about
>> these business requirements because they really matter.
>
>
> Fully agree. Some were set in an era where constraints/requirements are no
> longer relevant and hence the importance of interfacing with the traditional
> banking/financial communities to help manage their expectations of the
> change that is already underway. I guess that's why it's important to
> participate in non-technical standards discussion, such as the IGF.
>
> p.
>
>>
>> Joseph Potvin
>>
>



-- 
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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Received on Monday, 9 September 2013 13:36:09 UTC

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