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

Re: finance is a values innovation

From: Timothy Holborn <timothy.holborn@gmail.com>
Date: Mon, 20 Jul 2015 13:15:00 +0000
Message-ID: <CAM1Sok1Jj6Q2fkp6tQBPrGQfq2zWpMM5jeVt1tJh1BnFa05Rrw@mail.gmail.com>
To: Adrian Hope-Bailie <adrian@hopebailie.com>, Melvin Carvalho <melvincarvalho@gmail.com>
Cc: Web Payments <public-webpayments@w3.org>
https://en.m.wikipedia.org/wiki/Notary
The capacity for participating parties to securely create and store records
is perhaps amongst the more important functions.
Asymmetric systems, where for instance, only providers store records rather
than both providers and recipients, seems to afford less reliable results...
Therein also is discovery and related rule sets.

On Mon, 20 Jul 2015 at 11:09 pm, Melvin Carvalho <melvincarvalho@gmail.com>
wrote:

> 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 13:15:37 UTC

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