How is this different from ripple? What is the goal?
Federated bookkeeping sounds a rebranding of distributed ledgers
Im very disillusioned when what ripple became. It started as a very innovative distributed protocol for value propagation
And turned into a "please by my token" scheme. And similar derivatives or offshoots, link to gatehub etc. which is again an elaborate "please buy my token" scheme
So what starts out as a way for agents to transfer and exchange value, becomes a tax on interaction, and founders get rich quick scheme
A fair way to implement Ryan's original idea of different agents exchange values through chains and trust lines is still very much needed