iang 00/06/23 08:58:27
Added: guide/show_time conc.html default.css index.html market.html
trader.html value.html wallet.html
Log:
written, need to tfr to menger
Revision Changes Path
1.1 html/guide/show_time/conc.html
Index: conc.html
===================================================================
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01//EN" "http://www.w3.org/TR/html4/strict.dtd">
EFCE 2000 - Programme
EFCE 2000 - WebFunds
Conclusions
The Trading Experience
How to make your market.
Some things that are mirrored in the lagacy world
-
Execution is easy . . . Settlement is hard!
-
It's all very doable . . . i f f payments architecture is solid.
-
Payments are boring . . . Trading is fun :)
1.1 html/guide/show_time/default.css
Index: default.css
===================================================================
BODY
{
background-color: white;
border: solid #666699;
color: black;
font-family: arial, sans-serif;
margin-left: 20%;
margin-right: 20%;
margin-top: 2em;
padding-bottom: 0em;
padding-left: 2em;
padding-right: 2em;
padding-top: 2em;
}
.first
{
margin-top: 3em;
}
.footer
{
margin-top: 8em;
text-align: center;
font-size: 60%;
}
.keynote
{
border: solid thin #666699;
margin: 1em;
padding: 1em;
}
H2
{
font-size: 100%;
text-align: center;
}
H1
{
background-color: white;
color: #666699;
font-size: 150%;
text-align: center;
}
H3
{
font-size: 75%;
text-align: center;
}
1.1 html/guide/show_time/index.html
Index: index.html
===================================================================
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01//EN" "http://www.w3.org/TR/html4/strict.dtd">
EFCE 2000 - Programme
EFCE 2000 - WebFunds
An extensible platform for payment systems.
WebFunds
Introduction
WebFunds
How to experiment with Payment Systems.
WebFunds is an application that...
-
supports multiple methods of payment . . .
-
provides each with the common infrastructure
necessary to perform payments . . .
-
written in Java, open sourced, approx 3 developers,
applet download . . .
-
one currency issued
DigiGold
Each payment system is implemented within a
wallet.
1.1 html/guide/show_time/market.html
Index: market.html
===================================================================
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01//EN" "http://www.w3.org/TR/html4/strict.dtd">
EFCE 2000 - Programme
EFCE 2000 - WebFunds
The
LaVella
Market
The LaVella Market
Trade!.
The market project, codenamed LaVella,
is a proprietary product
-
implements reliable RTGS settlement
-
can trade any Ricardian Contract against another
-
centralised, 3-tier structure
-
trading protocols are straight extension of SOX
-
auction and continuous
Still ironing out bugs - a market trade takes 5 seconds
or so to execute, but a minute to wake up and settle :(
1.1 html/guide/show_time/trader.html
Index: trader.html
===================================================================
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01//EN" "http://www.w3.org/TR/html4/strict.dtd">
EFCE 2000 - Programme
EFCE 2000 - WebFunds
Trader -
a wallet for buys and sells on an exchange.
The Trader Wallet
Trader extends the SOX Wallet to add...
-
Trading Account (hidden).
-
SubAccounts are the trade space - contract against
underlying money (1st contract)
-
Additional Transactions are Buys and Sells
using the first (SubAccount) contract added for the money,
other (SubAccounts) contracts as the instrument
-
Book is the current orders at the market
-
Open Orders - orders client has placed
-
Features - Status and Cancel
In this case, trading protocols extend from SOX.
Example - BUY.
-
Both Limit and MARKET orders implemented
-
Price is per unit - float
-
Size is number of Units of Account
-
Resultant amount is sent to market
-
Market holds locally ::: Settlement
-
Exceution
-
Market uses SOX mail feature to return the instruments...
1.1 html/guide/show_time/value.html
Index: value.html
===================================================================
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01//EN" "http://www.w3.org/TR/html4/strict.dtd">
EFCE 2000 - Programme
EFCE 2000 - WebFunds
The
WebFunds
Wallet concept.
Value - Ricardian Contracts
How to describe anything . . ..
WebFunds uses the Ricardian Contract to describe value
-
Both code- and user-parsable
-
Can mirror existing paper contracts
-
not scary to legacy legal institutions
-
Provides detailed information to code
-
Stepping stone to smart contracts . . .
-
Signed to provide chain of authentication
-
Hashed gives unique identifier - anyone can play
How useful is this?
-
Great for financial instruments - bonds, shares, derivatives
-
good for applications - payments, trading, "new" markets
-
existing models - blinded tokens versus Mondex dollars
Very important that this concept is simple, open, available:
(Plugins) Contract Browser and Sign wizard.
1.1 html/guide/show_time/wallet.html
Index: wallet.html
===================================================================
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01//EN" "http://www.w3.org/TR/html4/strict.dtd">
EFCE 2000 - Programme
EFCE 2000 - WebFunds
The
WebFunds
Wallet concept.
The WebFunds Wallet
Add your own payment system . . ..
WebFunds imposes a view of the world on each payment system:
-
Accounts do authentication...
-
SubAccounts do Value defined by Contracts...
-
Transactions are settlements
within one Contract, between two
accounts.
Each wallet maps its technology to that model,
and gets:
-
Creation, removal, etc, of Accounts
-
Contracts addition
-
Email payments, deposits, transfers, histories.
At each level (including application) wallet can
plugin additional features into the menus.
- Previous message: [Webfunds-commits] html/guide/show_time - New directory
- Messages sorted by:
[ date ]
[ thread ]
[ subject ]
[ author ]