Re: Web Payments Workshop position paper submitted

In the language of monetary economists and for lawyers, XRP and BTC are
digital tokens used by some as currency. They are only currency to the
people who use them for buying and selling goods, services and rights,
which remains a miniscule proportion of any market. They are, just to that
extent, a currency -- a token comes to operate as a currency by relative
proportions. It's not a binary yes/no issue.

Joseph  Potvin


On Tue, Feb 4, 2014 at 11:54 AM, Reutzel, Bailey <
bailey.reutzel@sourcemedia.com> wrote:

>
>
> Basically Ripple was created a math-based currency to try and catch some
> of the hype... XRP is used as a way to eliminate fraud on the network.
> Basically consumers using the Ripple platform must send a transaction fee
> in XRP when they make a payment, even if they're sending U.S. dollars to
> someone that only accepts Euros. Ripple finds that intermediary to send the
> payment through... so a node that accepts US dollars and will send the end
> party Euros.
>
>
>
>
>
> *From:* Reutzel, Bailey [mailto:bailey.reutzel@sourcemedia.com]
> *Sent:* Tuesday, February 04, 2014 11:48 AM
> *To:* Brent Shambaugh; Joseph Potvin
> *Cc:* Manu Sporny; Web Payments CG
> *Subject:* RE: Web Payments Workshop position paper submitted
>
>
>
> Yes they call the currency Ripple or XRP.
>
>
>
> *From:* Brent Shambaugh [mailto:brent.shambaugh@gmail.com<brent.shambaugh@gmail.com>]
>
> *Sent:* Tuesday, February 04, 2014 11:46 AM
> *To:* Joseph Potvin
> *Cc:* Manu Sporny; Web Payments CG
> *Subject:* Re: Web Payments Workshop position paper submitted
>
>
>
> Is Ripple really a currency? I thought XRP was.
>
> https://ripple.com/currency/
>
> I just performed a Google search. Perhaps some clarification here?
>
>
>
> On Tue, Feb 4, 2014 at 4:28 AM, Joseph Potvin <jpotvin@opman.ca> wrote:
>
> Just noticed... the phrase "open, patent and royalty-free standard" snuck
> back in. It should be "through open methods, unencumbered by patents or
> royalties"
>
> (this phrasing allows for defensive patents)
>
>
>
> joseph
>
>
>
> On Sun, Feb 2, 2014 at 9:54 PM, Manu Sporny <msporny@digitalbazaar.com>
> wrote:
>
> The Web Payments Workshop position paper has been submitted. The copy
> that was submitted is attached. A rough HTML version of the document is
> available here:
>
> https://web-payments.org/papers/2014/WebPaymentsWorkshopPositionPaper/
>
> If there are errors or omissions, we have a week to correct them.
>
> -- manu
>
> --
> Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
> Founder/CEO - Digital Bazaar, Inc.
> blog: The Worlds First Web Payments Workshop
> http://www.w3.org/2013/10/payments/
>
>
>
>   --
> 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
> LinkedIn (Google short URL): http://goo.gl/Ssp56
>
>
>
>
> "This communication is intended solely for the addressee and is
> confidential and not for third party unauthorized distribution"
>



-- 
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
LinkedIn (Google short URL): http://goo.gl/Ssp56