Re: Web Payments Workshop position paper submitted

If anyone has questions about how Ripple works or what it brings to web
payments, I'd be more than happy to try to take a stab at answering them.

The distinction between Ripple the network and Ripple the currency is often
quite confusing so I think it's most helpful to call the network Ripple and
the currency just XRP.

Evan


On Tue, Feb 4, 2014 at 9:59 AM, Reutzel, Bailey <
bailey.reutzel@sourcemedia.com> wrote:

> 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"
> >
>
>
> --
> GENERATION 26: The first time you see this, copy it into your sig on any
> forum and add 1 to the generation
>
> "This communication is intended solely for the addressee and is
> confidential and not for third party unauthorized distribution"
>
>


-- 
Evan Schwartz
Developer + Technology Pioneer
Ripple Labs Inc.