Re: Some notes on price stabilization indexing

Jeffrey, XRP could be an index in its own right, yes. But I've not been
able to find anything that tells me what tangible or intangible source
information it varies in relation to, or the mechanism of its value change.


-- 
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On Thu, Jan 9, 2014 at 10:56 AM, Jeffrey Cliff <jeffrey.cliff@gmail.com>wrote:

> I know it was mentioned before, but Ripple effectively ought to be an
> index in this context, given a choice of a target address, and the
> address of the user coming to make a payment.
>
> On 23/12/2013, Fabio Barone <holon.earth@gmail.com> wrote:
> > This is a much more fleshed out and realistic (in that more potential for
> > acceptance by businesses) proposal
> > than an idea of an "open wallet" I had some time ago, which was
> essentially
> > about
> > publishing the currencies one would be willing to accept and let the
> > parties negotiate transactions.
> >
> >
> > 2013/12/19 Joseph Potvin <jpotvin@opman.ca>
> >
> >> This is just a quick update on a topic that I think is interesting to
> >> just
> >> a few on this list.
> >>
> >> In preparation for the March meeting in Paris I'll be writing some
> >> use-case examples, scenarios in which algorithmic pricing with a
> vendor's
> >> chosen index would be preferred.  Please contact me if you would like to
> >> collaborate this topic.
> >>
> >> The function use of price indices in web-payments can be summed up as
> >> follows:
> >>
> >> "Using any standards-compliant e-commerce software, a vendor would
> select
> >> a reference currency they prefer to use for base price management, and
> >> identify any other currencies they would be equally willing to accepted
> >> in
> >> payment. They can also select one of the available price indexing
> >> services,
> >> which could be a currency exchange rate, or another type of index more
> >> relevant to the scope and dynamics of their particular business that
> >> would
> >> enable greater price stability, variability with key input prices, or
> >> some
> >> other criterion.
> >>
> >> When a vendor selects a given index service, their e-commerce software
> >> would automatically query its data feed in order to interpret their base
> >> price for each good or service from its publication date, to express the
> >> same real value in each of the other currencies that the vendor has
> >> identified as acceptable for payment. Price re-calibrations occur on an
> >> established schedule through time, and each update is digitally signed
> by
> >> the vendor's e-commerce software.
> >>
> >> A customer browsing the vendor's e-commerce site chooses a payment
> >> currency that s/he has available to pay, from amongst those identified
> as
> >> acceptable to the vendor. (This would be like choosing a mutually
> >> acceptable language on a multilingual website). The vendor's site then
> >> displays all prices in that currency to the purchaser.
> >>
> >> When the customer activates a purchase, the vendor's shopping cart
> >> function sends the digitally-signed interpreted price expressed in the
> >> buyer's chosen currency to the purchaser's own payments processor, local
> >> or
> >> external. Once the purchaser's available funds are confirmed, the
> >> transaction is processed at both ends.
> >>
> >> ***
> >>
> >> Some indices being worked on as time permits:
> >>
> >> A useful ready-to-go index for any global retail vendor to consider
> would
> >> be the "World Price Index":
> >> http://www.worldeconomics.com/WorldPriceIndex/WPI.efp
> >> Recently I made arrangements with EF Publishing for direct server
> queries
> >> to their WPI for the W3C WebPayments work.
> >>
> >> With the founder of http://www.centralbanking.com/ I've been discussing
> >> the utility and design of an index based on total market capitalization,
> >> which can be constructed from data at this source:
> >> http://www.world-exchanges.org/statistics/monthly-query-tool
> >> Precise methodology for the index is not yet worked out.
> >>
> >> The Earth Reserve Index that I and some colleagues are working on (the
> >> details of which are admittedly tangential to this list) received some
> >> useful off-list feedback during the past week. I've posted an edited
> >> update
> >> to the Earth Reserve Index concept-of-operations 2-pager here:
> >>
> >>
> http://www.projectmanagementhotel.com/attachments/6030/ERindex_2page_19dec2013aPDF.pdf
> >> http://www.projectmanagementhotel.com/documents/449
> >>
> >>
> >> 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
> >>
> >>
> >>
> >> <http://goo.gl/Ssp56>
> >>
> >
>
>
> --
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>



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