Re: Suggestion: Remove "non-fiat money" from the draft Web Payments IC Charter

RE: "But what is the wordsmith version..."

Since my original suggestion is no long in the quoted tread, I'm pasting it
in immediately below.

The result of straight removal becomes:

***
"Non-traditional currencies (this term covers multiple cases such as the
commonly called cryptocurrencies
<http://en.wikipedia.org/wiki/Cryptocurrency>, digital currencies, and
virtual currencies. This category is sometimes designed [Hmm, is the
intended word not: "designated"??] as "non-governmental units-of-account"
by some International organizations )"
***

Joseph


---------- Forwarded message ----------
From: Joseph Potvin <jpotvin@opman.ca>
Date: Mon, Sep 1, 2014 at 11:24 AM
Subject: Suggestion: Remove "non-fiat money" from the draft Web Payments IC
Charter
To: public-webpaymentsigcharter <public-webpaymentsigcharter@w3.org>, Web
Payments CG <public-webpayments@w3.org>


I just now noticed the phrase "non-fiat money" in the second bullet point
of the first section on scope, which reads in its entirety:

"Non-traditional currencies (this term covers multiple cases such as the
commonly called cryptocurrencies
<http://en.wikipedia.org/wiki/Cryptocurrency>, digital currencies, virtual
currencies, non-fiat money. This category is sometimes designed as
"non-governmental units-of-account" by some International organizations )"

The phrase "non-fiat money" is an anomaly in this otherwise precise and
meaningful statement. It introduces confusion, because whether or not
something is deemed by fiat to represent or to communicate value is
orthogonal to whether or not it is a traditional currency instrument.
Certainly, for example, BTC's reputation and reported unit value is based
upon a community fiat.

Tentatively I would recommend to remove "non-fiat money" with no need to
replace it with anything instead.However perhaps those who recommended to
include this phrase would prefer to suggest a substitute that communicates
better what they intended, while also resolving the issue I'm raising here.

-- 
Joseph Potvin
Operations Manager | Gestionnaire des opérations
The Opman Company | La compagnie Opman
jpotvin@opman.ca
Mobile: 819-593-5983


On Tue, Sep 9, 2014 at 9:07 AM, <eanders@pobox.com> wrote:

> But what is the wordsmith version of "stateless and non-fiat". Then add in
> frequent flyer miles, loyalty points, digital currencies, state
> cryptocurrencies, and what is that terminology.
>
> Possibly "Digital Property" or "Digital Assets" but that opens yet another
> can of worms.
>
> Are we inventing new terminology for the sake of...?
>
> On 2014-09-09 02:43, David Ezell wrote:
>
>> +1
>> Thank you
>>
>>  _Ars longa, vita brevis..._
>>
>>  On Sep 9, 2014, at 8:29 AM, "Stephane Boyera" <boyera@w3.org> wrote:
>>
>>  Hi Manu, Joseph, All
>>>
>>> Given that there seems to be a consensus on removing non-fiat. I'm
>>> happy to proceed. The easiest, at a first glance, is to just remove
>>> the term and not open another can of worms by adding a new term. I
>>> believe that the idea is very well conveyed and I feel we don't need
>>> to go further.
>>> I implemented this change (removing the problematic term).
>>> cheers
>>> Steph
>>>
>>> Le 09/09/2014 03:28, Manu Sporny a écrit :
>>>
>>>  On 09/01/2014 12:30 PM, Joseph Potvin wrote:
>>>>
>>> RE: Doesn’t fiat imply government?
>>>
>>
>>
>>>>
>>  If what's intended in that section of the Charter is to say
>>>>
>>>
>>  "stateless currencies", then some variant of this phrase would be
>>>>
>>>
>>  better. But would "Berkshares" that (I think) involve a regional
>>>>
>>>
>>  government and some municipalites in Massachussetts be inside our
>>>>
>>>
>>  outside that concept? http://www.berkshares.org/community_industry
>>>> [1]
>>>>
>>>
>>
>>>
>>  +1 to removing non-fiat.
>>>
>>
>>
>>>
>>  Perhaps changing it to "private currencies"?
>>>
>>
>>
>>>
>>  http://en.wikipedia.org/wiki/Private_currency [2]
>>>
>>
>>
>>>
>>  -- manu
>>>
>>
>>
>>>
>>  --
>>  Stephane Boyera stephane@w3.org
>>  W3C +33 (0) 6 73 84 87 27
>>  BP 93
>>  F-06902 Sophia Antipolis Cedex,
>>  France
>>
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>> Links:
>> ------
>> [1] http://www.berkshares.org/community_industry
>> [2] http://en.wikipedia.org/wiki/Private_currency
>>
>
>
>


-- 
Joseph Potvin
Operations Manager | Gestionnaire des opérations
The Opman Company | La compagnie Opman
jpotvin@opman.ca
Mobile: 819-593-5983