RE: Web Payments Workshop position paper submitted

The first iteration of Ripple was conceived by Ryan Fugger in 2004 yes, but that was littered with free riders that never fulfilled their orders. So he started working on a way to mitigate this.
But in my opinion Chris Larsen, a serial financial services disruptor whose company now controls Ripple, began to build it out and push it to the mainstream because he saw the attention Bitcoin was receiving. I think Larsen pushed this as a cryptocurrency to catch attention, because the platform itself is not really about cryptocurrency at all.

Sorry I should have explained further.

-----Original Message-----
From: Jeffrey Cliff [mailto:jeffrey.cliff@gmail.com]
Sent: Tuesday, February 04, 2014 12:53 PM
To: Reutzel, Bailey
Cc: Brent Shambaugh; Joseph Potvin; Manu Sporny; Web Payments CG
Subject: Re: Web Payments Workshop position paper submitted

> Basically Ripple was created a math-based currency to try and catch
> some of the hype.

Not true.  Ripple predates bitcoin, and the hype that followed.

On 04/02/2014, Reutzel, Bailey <bailey.reutzel@sourcemedia.com> wrote:
> .. 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]
> 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<mailto: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<mailto: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<mailto:jpotvin@opman.ca>
> Mobile: 819-593-5983<tel: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"
>


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Received on Tuesday, 4 February 2014 18:00:18 UTC