W3C home > Mailing lists > Public > public-webpayments@w3.org > July 2015

Re: finance is a values innovation

From: Melvin Carvalho <melvincarvalho@gmail.com>
Date: Mon, 20 Jul 2015 15:09:03 +0200
Message-ID: <CAKaEYhKpKW1Ni+cQp__cCHOYWrJXdypC-Y8PvAWFi3Cshh2ZGg@mail.gmail.com>
To: Adrian Hope-Bailie <adrian@hopebailie.com>
Cc: Timothy Holborn <timothy.holborn@gmail.com>, Web Payments <public-webpayments@w3.org>
On 20 July 2015 at 02:08, Adrian Hope-Bailie <adrian@hopebailie.com> wrote:

> Chris always has interesting perspectives.
> I liked his crypto-passport idea.
>
> He conveniently ignores the other side of justice though; and that is
> enforcement.
> We are a long way from a world where everything is digital, and therefor
> contract enforcement can be too.
>
> There are a lot of places in the world today where nobody cares what an
> agreement says or who is entitled to what on the basis of that agreement.
> The guy with the biggest gun still wins. The perspective of theorists in
> the well-developed economies with mature legal and justice ecosystems often
> over-emphasize the value of information.
>

bitcoin creates enforcement through the block chain

for payments at least

for smart contracts you can use a notary, in such a way as to make
dishonest behavior less profitable ... will it be enough, time will tell ...


>
>
>
> On 18 July 2015 at 08:16, Timothy Holborn <timothy.holborn@gmail.com>
> wrote:
>
>> I think the principles are highly agreeable.  Yet isn't the debate more
>> centered on the method?
>>
>> Who runs the blockchain amd protects it from 51% attacks.
>>
>> Who helps grandma participate equally to a computer scientist.
>>
>> How decentralised is the blockchain stablisation methods?
>>
>> Vs. How decentralised are existing economic levers.
>>
>> I recon we need to own our own data.  I also recon the various choices of
>> law, contribute towards societies & democracies, all of whom suffer from an
>> array of problems that technology can solve, from proof of identity for
>> refugees, through to keeping smarter, wealthier people honest.
>>
>> I hope we'll find an evokutionary method for breaking down some of
>> humanities barriers to justice and sustainable development.
>>
>> I'm not sure thats necessarily the domain of bitcoin though.   I worrily
>> that in the la d of bitcoin, it is the machines that rule and (hopefully)
>> those who control them, rather than the people.
>>
>> Credentialing appears to decentralise using a different ideological
>> approach. Its perhaps important both are resourced as to ensure choices are
>> available, imho.
>>
>> Same basic idea, different methods.
>>
>> We still dont have anything that works easily in the market.  Thats the
>> underlying problem, that no matter how smart we are, we haven't solved yet..
>>
>> Tim.
>>
>> On 00:25, Sun, 19/07/2015 Melvin Carvalho <melvincarvalho@gmail.com>
>> wrote:
>>
>>> I really enjoyed this perspective on payments.  So many light bulbs went
>>> on in my head when I watched it ...
>>>
>>> https://www.youtube.com/watch?v=KEPc_KxpYKQ
>>>
>>
>
Received on Monday, 20 July 2015 13:09:33 UTC

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