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Re: W3C includes bitcoin in new standards and tools for web checkout processes

From: Anders Rundgren <anders.rundgren.net@gmail.com>
Date: Wed, 4 Nov 2015 08:45:47 +0100
To: Melvin Carvalho <melvincarvalho@gmail.com>, Web Payments <public-webpayments@w3.org>
Message-ID: <5639B7AB.6070606@gmail.com>
On 2015-11-04 03:35, Melvin Carvalho wrote:
> Quite a nice article on the W3C work and bitcoin, that is trending.
>
> http://bravenewcoin.com/news/w3c-includes-bitcoin-in-new-standards-and-tools-for-web-checkout-processes/
>
> All the comments I've seen have been pretty upbeat.  I'm pretty stoked that bitcoin was explicitly mentioned as previous drafts left it to the imagination.
>
> I sense an air of general excitement ... :)

I'm an exception then I guess?

   "That's the idea, at least, and many bright minds are working
    hard on it

0.1 FTE as specified by the charter is hobbyist level.

    with a target date of “sometime in 2016.” If all goes according
    to plan, the new process should be highly secure and reduce the
    entire checkout process to just a few quick clicks"

There is to date nothing specified regarding security except that
it should be there.

Personally I don't believe the traditional payment industry is ready
for working in open processes; they have never done that before.

W3C's main problem regarding payments is that they haven't recognized
(or acknowledged), that practically all payment innovation worth mentioning
is happening at the "App" level with U2F/FIDO as the only notable exception.
This obviously calls for a more strategic effort where you ask questions
like "What can WE bring to the table which the other guys cannot?"

Simplified check-out processes is not such a thing because that's already
a reality with PayPal, Amazon, Alibaba, etc.

Anders
Received on Wednesday, 4 November 2015 07:46:30 UTC

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