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Re: decentralized wallets and payment processors

From: Anders Rundgren <anders.rundgren.net@gmail.com>
Date: Tue, 07 Apr 2015 11:46:31 +0200
Message-ID: <5523A777.5010403@gmail.com>
To: Melvin Carvalho <melvincarvalho@gmail.com>, Web Payments <public-webpayments@w3.org>
On 2015-04-07 02:40, Melvin Carvalho wrote:
> I've been sketching out an implementation of a payment processor and wallet system lately
>
> Turns out decentralized wallets are a really hard problem to solve
>
> Some thoughts I had:
>
> 1. A multi user wallet, seems to be roughly the same thing as a payment processor, when in a decentralized environment
>
> 2. A decentralized payment wallet / payment processor should be able to largely live in the browser
>
> Note: I'm looking at this from the perspective of crypto currencies to start with.  Fiat may require more thought / work.
>
> Some questions:
>
> Would these two goals be desirable to the group, because it's what I'm trying to create?
>
> Are there any technical barriers why this would be impossible using web technology?
>
> Or is it out of scope for this version?

IMO, the #1 problem with decentralization is service discovery.

The rest shouldn't be harder than for example PayPal.

Anders
Received on Tuesday, 7 April 2015 09:47:03 UTC

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