Why does settle demand that an user mints an asset before I can express my trust in it?

[Giovanni Parra]

As far as I understand the concept, it makes sense for me to trust som...@else.com[USD.0] for whatever I want, even if som...@else.com haven't minted that asset yet.

Since the protocol will ensure that only som...@else.com can mint that asset, it doesn't matter if it will be minted later or now.

[Stanislas Polu]

This is a good point as well.

Technically, the client check that the asset exists but not the
server, so you could bypass that by POSTing directly to your mint.

-stan

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[Giovanni P]

Ok, but I don't run a mint.

In fact, I was thinking about running a GUI somewhere, maybe a phone app, to let people start managing their debts in settle. At first I would use m.settle.network but later run a public mint for the users of my app, so that's not a solution for my use case.

Because network effects are so hard to overcome requiring everyone I know to register an account[1] AND mint multiple assets would make everything impossible.

[1]: I plan to solve that part by using virtual accounts somehow, keeping funds for users that are not registered yet, based on other accounts they may have on the internet, then later, when they register, they can claim these virtual accounts by proving ownership of them, somewhat like what Keybase is doing (I'm not sure they support virtual accounts, but I think they do, for their chat, for example).

On Wed, Feb 22, 2017 at 1:38 PM, Stanislas Polu <polu.st...@gmail.com> wrote:

This is a good point as well.

Technically, the client check that the asset exists but not the
server, so you could bypass that by POSTing directly to your mint.

-stan

On Tue, Feb 21, 2017 at 12:30 PM, Giovanni Parra <fia...@gmail.com> wrote:
> As far as I understand the concept, it makes sense for me to trust
> som...@else.com[USD.0] for whatever I want, even if som...@else.com
> haven't minted that asset yet.
>
> Since the protocol will ensure that only som...@else.com can mint that
> asset, it doesn't matter if it will be minted later or now.

>
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> You received this message because you are subscribed to the Google Groups
> "Settle" group.
> To unsubscribe from this group and stop receiving emails from it, send an

> email to settle-public+unsubscribe@googlegroups.com.

[Stanislas Polu]

Even if you don't run a mint you could still directly POST to m.settle.network.

I agree with your analysis that asking for someone to mint an asset
for me to owe them money is a no-go, but I think this kind be handled
as you propose at a higher level?

A credit network B2C app would probably require having pending IOUs
and such similar constructs that would live outside of the
settle.network until actioned by the user.

Does that make sense? Anything I can do to help?

-stan

>> > email to settle-publi...@googlegroups.com.

>> > To post to this group, send email to settle...@googlegroups.com.
>> > To view this discussion on the web visit
>> >
>> > https://groups.google.com/d/msgid/settle-public/386dc07b-9bed-4770-9d57-b8848cb8035a%40googlegroups.com.
>> > For more options, visit https://groups.google.com/d/optout.
>
>

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[Stanislas Polu]

Also thank you for the link! I will ping the thread there \o/

-stan

On Wed, Feb 22, 2017 at 6:35 PM, Stanislas Polu