Date: Tue, 15 Sep 2015 05:56:27 -0700 (PDT)
Sender: John Bailon <john@sci.ventures>
MIME-Version: 1.0
Message-Id: <1442321787241.25b10266@Nodemailer>
In-Reply-To: <CADZB0_ZLAFUYSghfNi5t=cM1+Lv8dxdh-BaRAFNTt9AH30Z8-Q@mail.gmail.com>
References: <CADZB0_ZLAFUYSghfNi5t=cM1+Lv8dxdh-BaRAFNTt9AH30Z8-Q@mail.gmail.com>
From: "John Bailon" <john@sci.ph>
To: "Angel Leon" <gubatron@gmail.com>
Content-Type: multipart/alternative;
	boundary="----Nodemailer-0.5.0-?=_1-1442321787482"
Cc: Bitcoin Dev <bitcoin-dev@lists.linuxfoundation.org>
Subject: Re: [bitcoin-dev] Instant exchange rates URI scheme
Precedence: list

------Nodemailer-0.5.0-?=_1-1442321787482
Content-Type: text/plain; charset=utf-8
Content-Transfer-Encoding: quoted-printable

Wouldn't need to. The <rate> is of BTC to <currency>. BTC is the =
intermediary currency, as is basically how it becomes in this =22payment =
rails=22 method.

To the receiver, it wouldn't matter what currency the transaction came from=
.

On Tue, Sep 15, 2015 at 8:48 PM, Angel Leon <gubatron@gmail.com> wrote:

> might want to specify there that the rate being sent is out of USD.
> http://twitter.com/gubatron
> On Tue, Sep 15, 2015 at 7:10 AM, John Bailon via bitcoin-dev <
> bitcoin-dev@lists.linuxfoundation.org> wrote:
>> Hello,
>>
>> I'd like to propose a BIP for a standard URI scheme to allow wallet
>> operators that implement instant exchange or pegging to other currencies=
,
>> cryptocurrencies or asset classes to allow for interoperable =
communications
>> of rates and other pertinent information.
>>
>> The idea is to include in the wallet address as parameters information
>> that supplements the presentation of a proposed transaction.
>>
>> For example, a wallet operator that instantly exchanges bitcoin to gold
>> would present a wallet address as follows:
>>
>> bitcoin:1JohnxNT6jRzhu3H1wgVFbSGKmHP4EUjUV=3Fcurrency=3Dxau&rate=3D0.=
2084&expires=3D1458432000
>>
>> Wherein:
>> <currency> :  the currency, cryptocurrency or asset that the =
transaction
>> will end up as encoded in ISO 4217 if applicable.
>> <rate> : the bitcoin to <currency> rate as dictated by receiving wallet
>> <expires> : unix timestamp of when the rate loses validity
>>
>> This would allow the sending wallet the ability to present up-to-date
>> exchange rates. When, for example, a wallet operator that pegs to the =
USD
>> scans the address above, it would be able to present to the user the
>> following information:
>>
>> 1. USD to XAU rate
>> 2. How much XAU will be received by the address
>> 3. How long before the rates expires
>>
>>
>> Thoughts=3F
>>
>>
>> Regards,
>> John
>>
>> =5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=
=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F
>> bitcoin-dev mailing list
>> bitcoin-dev@lists.linuxfoundation.org
>> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>>
>>
------Nodemailer-0.5.0-?=_1-1442321787482
Content-Type: text/html; charset=utf-8
Content-Transfer-Encoding: quoted-printable


<div>Wouldn't need to. The &lt;rate&gt; is of BTC to &lt;currency&gt;. BTC =
is the intermediary currency, as is basically how it becomes in this =
=22payment rails=22 method.</div>
<div>To the receiver, it wouldn't matter what currency the transaction came=
 from.=C2=A0</div>
<div class=3D=22mailbox=5Fsignature=22><br></div>
<br><br><div class=3D=22gmail=5Fquote=22><p>On Tue, Sep 15, 2015 at 8:48 PM=
, Angel Leon <span dir=3D=22ltr=22>&lt;<a href=3D=22mailto:gubatron@gmail.=
com=22 target=3D=22=5Fblank=22>gubatron@gmail.com</a>&gt;</span> =
wrote:<br></p><blockquote class=3D=22gmail=5Fquote=22 style=3D=22margin:0 0=
 0 .8ex;border-left:1px #ccc solid;padding-left:1ex;=22><div>
<div dir=3D=22ltr=22>might want to specify there that the rate being sent =
is out of USD.</div>
<div class=3D=22gmail=5Fextra=22>
<br clear=3D=22all=22><div><div class=3D=22gmail=5Fsignature=22>
<a href=3D=22http://twitter.com/gubatron=22>http://twitter.=
com/gubatron</a><br></div></div>
<br><div class=3D=22gmail=5Fquote=22>On Tue, Sep 15, 2015 at 7:10 AM, John =
Bailon via bitcoin-dev <span dir=3D=22ltr=22>&lt;<a =
href=3D=22mailto:bitcoin-dev@lists.linuxfoundation.org=22>bitcoin-dev@lists=
.linuxfoundation.org</a>&gt;</span> wrote:<br><blockquote =
class=3D=22gmail=5Fquote=22 style=3D=22margin:0 0 0 .8ex;border-left:1px =
#ccc solid;padding-left:1ex=22>
<div dir=3D=22ltr=22>


Hello,<div>
<br>I'd like to propose a BIP for a standard URI scheme to allow wallet =
operators that implement instant exchange or pegging to other currencies, =
cryptocurrencies or asset classes to allow for interoperable communications=
 of rates and other pertinent information.<br><br>The idea is to include in=
 the wallet address as parameters information that supplements the =
presentation of a proposed transaction.<br><br>For example, a wallet =
operator that instantly exchanges bitcoin to gold would present a wallet =
address as follows:<div>bitcoin:1JohnxNT6jRzhu3H1wgVFbSGKmHP4EUjUV=3Fcurren=
cy=3Dxau&amp;rate=3D0.2084&amp;expires=3D1458432000<br><br>Wherein:<br>&lt;=
currency&gt; : =C2=A0the currency, cryptocurrency or asset that the =
transaction will end up as encoded in ISO 4217 if applicable.=
<br>&lt;rate&gt; : the bitcoin to &lt;currency&gt; rate as dictated by =
receiving wallet<br>&lt;expires&gt; : unix timestamp of when the rate loses=
 validity<br><br>This would allow the sending wallet the ability to present=
 up-to-date exchange rates. When, for example, a wallet operator that pegs =
to the USD scans the address above, it would be able to present to the user=
 the following information:<br><br>1. USD to XAU rate<br>2. How much XAU =
will be received by the address<br>3. How long before the rates =
expires<br><br></div>
<div><br></div>
<div>Thoughts=3F<br><br><br>Regards,<br>John<br></div>
</div>
</div>
<br>=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=
=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F=5F<br=
>
bitcoin-dev mailing list<br><a href=3D=22mailto:bitcoin-dev@lists.=
linuxfoundation.org=22>bitcoin-dev@lists.linuxfoundation.org</a><br><a =
href=3D=22https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev=22=
 rel=3D=22noreferrer=22>https://lists.linuxfoundation.=
org/mailman/listinfo/bitcoin-dev</a><br><br></blockquote>
</div>
<br></div>
</div></blockquote></div><br>
------Nodemailer-0.5.0-?=_1-1442321787482--