- From: Andrew Bransford Brown <andrewbb@gmail.com>
- Date: Wed, 30 May 2018 11:48:02 +0700
- To: Melvin Carvalho <melvincarvalho@gmail.com>
- Cc: David Nicol <davidnicol@gmail.com>, Web Payments <public-webpayments@w3.org>
- Message-ID: <CAPS+YF+QV9RsZOF7voA7+8K+x8P1ucoaQYCdNK1PPZiknmqu-g@mail.gmail.com>
IT needs standards. I have 2 to propose (Data access and monetary transactions). We also need a regulatory arm. I suggest this in all 50 states: https://docs.google.com/document/d/1bUbZN8ByaxKbIwKeYuvs7ISDjOwtuGoNnYuXQhsQHLM/edit On Tue, May 29, 2018 at 11:28 PM, Melvin Carvalho <melvincarvalho@gmail.com> wrote: > > > On 29 May 2018 at 17:05, David Nicol <davidnicol@gmail.com> wrote: > >> >> it seems to me that the necessary elements for clearly declaring what >> currency a transaction is in, outside of the general presumption of healthy >> and vibrant infrastucture that we rely on when just talking about >> well-known currencies by their ISO codes -- you know, "what is the exchange >> rate between AUD and NZD" is perfectly clear and implies a lot of >> transparent fungibility -- include (1) what ultimate ledger are the book >> entries going into, in this case "the bitcoin testnet" >> > > its a demo system, I might set up a card game or something > > >> (2) what does that ledger call this fungible, if anything -- when there's >> a single-currency ledger, that's implied, so saying "BTC" might be >> redundant but can't hurt, and insisting on this element will cause >> poorly-formed messages to error instead of doing the wrong thing and >> > > >> (3) how to shift the decimal point, in this case we want to work in >> millis. >> > > I just dont have many tBTC so wanted to use a smaller unit > > >> >> " a currency mBTC (1000th of a bitcoin), but applied against the bitcoin >> testnet" fully describes what you want to work with; what I'm saying is it >> is possible to abstract out the three parts of that. It's also possible >> that the third part doesn't belong and will cause confusion, and should be >> take care of by the client software, with all general currency description >> strings being simply the first two parts, (1) ultimate ledger and (2) what >> is this fungible called there. Since by definition 1000 mBTC = 1 BTC, and >> no intermediaries are required, that one wants to work in millis seems like >> its more a detail of how amounts are stated rather than something about the >> fungible that one would be declaring an amount of. >> > > I could write it as human text but that's harder to program against. I'd > like my system to be currency flexible. To write a string parser seems > dangerous. > > >> >> I hope this is helpful >> > > Very much so, as usual. Thanks! :) > > >> >> >> On Tue, May 29, 2018 at 9:24 AM, Melvin Carvalho < >> melvincarvalho@gmail.com> wrote: >> >>> Hi All >>> >>> Is there a list of currency URIs or strings that can be used with JSON-LD >>> >>> Quite a tricky first user case : >>> >>> I'd like to use a currency mBTC (1000th of a bitcoin), but applied >>> against the bitcoin testnet. >>> >> >> >> >> -- >> “no man should be compelled to do what the laws do not require; nor to >> refrain from acts which the laws permit.” Calder v. Bull (U.S. 1798) >> > >
Received on Wednesday, 30 May 2018 04:48:25 UTC