[Webfunds-users] Trader Plug-In and Web Funds Wallet

Mon, 19 Feb 2001 10:57:08 -0500

The Exchange Server is intended to be wholly distinct [and has in fact been a
distinct and separate business from the beginning] from the settlement servers
for various instruments. A component of the Exchange Server complex maintains
accounts (as a client) for the various instruments that trade on it so it can
pay and be paid quantities of the various instruments, be they currencies,
equity or interest bearing debt instruments. If the DigiGold settlement server
and the Exchange Server are both sitting on the same physical box right now [I
didn't know they were] this would simply be for the sake of economy. The current
volume of settlements relating to both DigiGold and the Exchange Server are
quite modest. Delays in final execution are not due to transaction load or
computational overhead but are simply artifacts of poor bandwidth. The bandwidth
issue is also temporary  - as both systems become more active their respective
operators will have an increasing need to assure better bandwidth. Systemics
Inc., developer of all these technologies,  is currently fulfilling the role of
Operator ( and Mint) for DigiGold and is also functioning as the Principal for
the particular Exchange Server where the AUG vs. AGG, PTG and PDG trading books
are hosted. Systemics, I would anticipate, will be licensing the Ricardo Server
to other entities as Issuers of instruments, and the Exchange Server technology
to owner/hosts of other, competitive markets.

SnowDog wrote:

> Hello!
>
> I started playing with the Trader Plug-in for the Web Funds Wallet this
> weekend, and am quite fascinated by it. I really think it's cool! However, I
> disagree with the way that it's implemented. The functions in an exchange,
> like the Trader Plug-In, should be on a separate server than DigiGold and
> should operate on its own website, as opposed to being a part of the Web
> Funds Wallet. Implementing the functions of a currency exchange, in the
> wallet itself, has these effects:
>
> 1) It puts extra work on the DigiGold Servers, which should be run on
> separate servers. If the Trader Exchange were run on a separate server, in
> its own website, then once a DigiGold payment is sent to the Exchange, no
> other exchanges would then need to occur on the DigiGold Server until the
> user wanted to remove DigiGold from the Exchange, back to his wallet. As it
> stands now, every exchange through the Trader Plug-In requires a
> corresponding exchange from DigiGold. This puts unnecessary work on the
> DigiGold server and establishes the precedent that other companies should do
> the same. The goal should be to distribute the transaction load as much as
> possible.
>
> 2) It establishes the principle that other companies can put their business
> into the WebFunds Wallet. The wallet should be just that -- a wallet.
> Logistically, it shouldn't include other functionality which could belong to
> a third-party. If other companies continue this precedent and continue to
> put their functionality into the wallet, then the wallet will become big,
> bulky, and difficult to load and use.
>
> So, my suggestion is to start a separate website, establish user accounts,
> and split the functionality of the Trader Plug-In with those functions that
> belong with DigiGold.
>
> Sincerely,
>
> Craig
>
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