I'm glad you guys like the idea.
I actually switched from using 'alternative currency' to 'ledger-based
currency' based on the concepts from
ledgerism.net, as the latter
terminology seemed more neutral. Ledgerism is compatible with Prowl,
but the accounting/publishing platform needs to pre-authorize requests
by settlement-agents to intermediate and automatically clear
outstanding obligations between two parties. Prowl reports could also
be used for exposing limits, etc. in case Ripple moves away from a
shared account as explained at
http://ripplep2p.com/wiki/Main/AccountCreation
- but again, some kind of pre-authorization would be necessary.
I've contacted Todd this past summer but I only had vague ideas back
then. I was trying to see if there was some way to *ensure* a self-
balancing feature when ledgers are independently maintained by
participants, similar to what is found in mutual-credit type systems,
such as LETS, but without an intermediating account or agent. I
eventually came to the conclusion that preventing an imbalance from
ever occuring is not realistic at large-scale. As mentioned in other
threads, there is no fool-proof system. And so instead, Prowl is
focused on being able to cross-verify, audit and evaluate published
ledger information from different payment/currency frameworks.
I'm not as experienced in programming and accounting, and I still
think the query syntax could be better, so please give suggestions,
comments whenever you see something that could be improved.
Edgar
On Jan 5, 3:07 pm, "Thomas Hartman" <
thomashartm...@googlemail.com>
wrote:
> I'm with Joe.
>
> Edgar, have you heard of Todd Boyle, or
ledgerism.net? (Gone, but
> accessible through the wayback machine)
>
> This reminds me of the "Shared Transaction Repository" concept
> described there, which I have thought was a good idea for almost ten
> years.
>
> I'll definitely be having a closer look at this.
>
> Thomas.
>
>
>
> On Sun, Jan 4, 2009 at 10:06 PM, Joe Edelman <
joe.edel...@gmail.com> wrote:
>
> > Edgar,
>
> > This is awesome.
>
> > --Joe
>
> > --
> > J.E. --
http://nxhx.org-- 413.250.8007
> >>and post comments athttp://
groups.google.com/group/prowl-users. If
> >>you'd like to register your blog or domain as a test publisher site,
> >>please announce your URL in the discussion group. Preliminary
> >>transactions might be donation-based, such as for work performed on
> >>the Prowl project itself or other type of activity that you publish in
> >>your blog. There is also technical documentation athttp://
tyaga.org/prowl/prowl_doc.php,
> >>which will hopefully generate discussions towards a standardization
> >>process. Suggestions on the development of different accounting models
> >>will be greatly appreciated.
>
> >>Edgar- Hide quoted text -
>
> - Show quoted text -