Sunday, December 31, 2017

Escrow bots and ledger fees

Ledger services congest, hence any escrow bot needing a congested ledger service needs to auto-trade, it will have to obverse contract limitson  ledger fees, against its timeout.   At that point the escrow bot owns the asset, it has a valid wallet address. 

So, right now, today, we have auto-priced systems, we have the Ripple escrow bot trading with the Coinbase pit boss, nary a human around. Between Ripple and my shopkeeper, we are damn near full sandbox.

So, let us advance Ripple's bot so it can handle single party protocols, like IBM Watson generating protocol generators for hedging among multiple digital assets.  IBM Watson can register its protocol as a contract, and let old Ripople bot run the hedging system under timeout. Now we have Watson bot talking generators with Ripple bot talking generators with Coinbase bot. Can't get much more singular than that from version 1.0.

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