Bitcoin Forum

Hey all!

It's my great pleasure to announce the release of the rippled p2p node source-code, the code that implements the Ripple protocol and powers the Ripple payment network. In conjunction with the open-sourcing we're also announcing that OpenCoin Inc. will change its name to Ripple Labs Inc. That latter part is mostly because the old name was confusing and required explanation. We hope the new name is a bit more self-explanatory - we're the place that Ripple came out of and we'll continue to experiment with and develop Ripple technology.

For those of you who are less technical, the significance of our announcement is that Ripple is not another altcoin. All the protocols and data formats have evolved independently of Bitcoin. Our consensus (https://ripple.com/wiki/Consensus) process uses peering (kinda like the Internet itself) instead of mining. The ledger is a data structure that describes the current state of the network as a merkle tree (this has the same effect as the merkle tree of unspent outputs (https://bitcointalk.org/index.php?topic=21995.0) proposals that have come up within the Bitcoin community.) The time between ledgers is adaptive (https://ripple.com/wiki/Continuous_Ledger_Close) rather than fixed. The current implementation supports holding deposit contracts - balances representating currencies other than the native currency. And we support the trading of these currencies in the network - as one atomic transaction, even across multiple conversions. The Ripple ledger is a general purpose data store and we plan to enable you to program the network freely via contracts (https://ripple.com/wiki/User:Justmoon/Contracts:_Overview).

It feels weird that it falls upon me to announce the open-sourcing of this code, since aside from a tiny fix here or there I wrote none of it. But I have worked closely with the people who did and they have completely changed my perspective on what's possible. I remember promoting Bitcoin to blank stares three years ago and now talking to bitcoiners about Ripple I often feel the same way. I hope that over the next year, starting from today, we can change that - and you'll be able to see Ripple as we do.

I want to address a few questions that I know will come up:

1. Forks

People will fork the network pretty much instantly (as soon as they can figure out our config files :D), so does that worry me re: job security? Of course. But that's the whole point of open-sourcing: It's one thing we can do to help keep us honest. I believe as long as we continue to live up to our promises, work hard and provide value to users, they will continue to use our network. And in doing so they're supporting our effort to build out the software and extend the network through any and all means available until all XRP are sold or given away.

I don't believe in closed-source, I don't believe in copyright, but I do believe in supporting the artists, the developers and entrepreneurs who make things happen. We have a growing team of people with big ideas and ambitious plans. So please consider using the original network so we can continue to develop amazing features and integrate every payment system on the face of the planet.

One final request for those planning to fork: If you do fork, please come up with a unique name for your network and a different currency code than XRP. A little search and replace won't kill you and you'll make life a lot easier and less confusing for both our users and your own.


2. Decentralization

Whether the code is open-source or not has nothing to do with whether Ripple is decentralized or not. As far as the original network is concerned we will continue to recommend our own validators for the time being. Running the core group of validators lets us close security holes much more quickly, which is very important at least until major feature development is completed. The last of these major features left is contracts.

So to recap, the general plan is to focus on contracts next and once their API is reasonably stable focus on building out the tools and testing needed to move to a fully distributed network topology.

That said, we do encourage interested parties to start running validators immediately - this is your chance to build a history and reputation as a reliable validator so people will later be more likely to add you to their UNLs (https://ripple.com/wiki/UNL).


3. Bugs

There will be bugs. If they are security-critical, please consider responsible disclosure through bugs@ripple.com. We also have a bounty program (https://ripple.com/bug-bounty/) for critical bugs.

---

Alright, that leaves only one thing.

https://github.com/ripple/rippled/

Go nuts.

---

Cheers,

Stefan Thomas
CTO, Ripple Labs Inc.

www.ripple.com

PS: Cross-posting this on the Ripple forum (https://ripple.com/forum/viewtopic.php?f=2&t=3718) as well.

Awesome! Thanks. It will be fun to see what happens with altripple networks of course but bitcoin has survived altcoins so it seems likely Ripple will survive altripples.

-MarkM-

Good move, closed source is shady. Nice work, though. iGotSpots fork incoming. jk?

This is really cool....a lot of hard work finally coming to light.

That's awesome news. 3000 xrp/btc in 15 days my prediction.

Boom!  Well done!   ;D

Powercoin fork incoming  :P

I think we're going to see a lot of old posts and websites getting updated with retractions regarding "Ripple is not open source" now. Especially since they are liable for slander (libel?) otherwise.

Pretty cool!

I was waiting for this, xD cause i have faith in ripple xD

Here ripplecharts.com

How do you like your crow?  Baked, broiled or fried?   ;D

All the trolls that were banging the "LIES!!!" drum eating hats yet? :D

Reserved

awesome！ ;D

Those same trolls are the ones that just got you this code

Finally people can change their mind. Nice!

serious? no, it's not slander/libel to say something that is TRUE at the moment it's written. i don't think you understand laws very well.

Congrats

 ;D

I love the new name :) It shows a strong commitment to Ripple, and like Stefan said, it's clearer.

just quoting NWO.  i am not in anyway trying to help him sell those domains. i quoted it for everyone to see.

A quote within a quote. I guess thank you for the second page promotion?

no problem.

nice. Now lets see a fork with a better idea than 100% pre mined. I would be interested in that.

It's coming  ;)

this

Good to see , yeah will be intersted in seeing a simplfied community based version of ripple in the future .

If thats not possible , probably scrap the idea , im sure some people will always hang on but.

Keep he faith .

: D

Very possible in this irrational crypto world. This is a world where MCXFees are trading on par with BTC.  I would assume that XRP will gain value even though it is worthless.

yup. let's see what people can cook up with with the technology.  either way, everyone wins.

There is no mining or premining in ripple network. I don't understand why people still don't get it.

For sure some ideas will emerged from the work OpenCoin have done but going as far as OpenCoin is with seems difficult...

[Post] Ripple's Big Day: Code Is Open Sourced, OpenCoin Change Their Name - http://ripplefederation.org/news/ripple-s-big-day-code-is-open-sourced-opencoin-change-their-name (http://ripplefederation.org/news/ripple-s-big-day-code-is-open-sourced-opencoin-change-their-name)

nono. anyone can try.  that's the reason the code is open source.

Of course. But i'm curious to see those people claiming things better than ripple will appear in no time ...

that's the idea.  they can try.  if you saw bibbit's post you can understand where i'm getting at.  ripple ain't bitcoin. sure, ripple needs the community, but there's more it needs.  way more. and i don't think a group of coders can deliver what ripplelabs is planning to deliver.

the XRP that power the protocol are premined. that's just a fact. i don't know enough about the protocol or ripples to have a more educated statement then that.

Interesting move, will see how it goes after it becomes open source ;D

I don't see how this makes any difference to Ripple itself. I can easily see someone using the source and actually making a non-scam success out of it.

Which exchanger will be the next big gateway? :)

- BTC-e
- mcxNOW
- Mtgox ...

None because they know it's a bad idea to support Ripple.

Myth: Ripple is decentralized, or open sourcing Ripple will make it decentralized

Ripple was designed around centralization. The network consensus is built upon trust because they're Ripple Labs and they said so, instead of trust because of proof of work or expense of computational power like Bitcoin. The currency is built upon because gateways said so, instead of cryptographic proof or the decentralized mining process. Don't forget all XRPs (Ripples) were premined - all 100 billion of them. Ripple calculates their market capitalization with all 100 billion XRPs, despite the fact that the vast majority are not in circulation.

How would you kill a decentralized internet currency? By making a centralized one, complete with infinite money printing via gateways, where you don't have control of your money (gateways can arbitrarily levy fees on your transfers of IOUs) and much much more.

Before you buy into the 'promises' of Ripple, learn about what Ripple actually is (http://ripplescam.org). It's distributed, like having load balancers. It's not decentralized by any stretch of the word, and open sourcing code that forces centralization does not mean anything.

Your words, not their ;)

It's built on the majority of gateways, as it is about majority of nodes/miners on Bitcoin.

Here you trust the majority of miners, instead of the majority of gateways.

Everyone is free to use Ripple as a payment/exchange service instead of a currency. Ripple isn't advertised as a currency.

LOL
It's not centralized as much is Bitcoin for the trust needed for all his parts.
Is Bitcoin so fragile that can be killed from the free market? Who here is against the free market?

It's the same trust that you give to exchanger now. BTC-e/Bitstamp/other can just steal all your money in few seconds.


I own Bitcoin.

I think before people start congratulating the OP and their corporation on what you think just happened or is happening or what ripple is doing or is...

Do your research. Get educated and do your due diligence.

I will not touch ripple due to the fact that it is built around a centralized point of of possible failure: OpenCoin Inc.

FTFY

That's not how Ripple's UNL works. It's based on validators, not gateways. In addition, Bitcoin is not based on the majority of nodes or miners, it is based on a majority of combined difficulty. Miners in addition have very limited influencing ability - miners can only change the order of transactions, and only that. Miners cannot inflate the currency. Miners cannot change core network rules (whereas OpenCoin can, as seen by account / trust line reserve requirements).


BitStamp cannot steal my 1GLadosEke BTC in a few seconds. Bitstamp can steal my rGLadosEke BTC in a few seconds.

I respectfully recommend only talking about what you know about :)


https://yourlogicalfallacyis.com/loaded-question Are you against free speech?

Sooo... when will the source code for inputs.io be released? :P

When has Inputs advertised it as open source?  ;)

OpenCoin / Ripple Labs has been doing it for something like a year now?

Please give an example how... it is NOT possible without compromising a lot of servers at the same time, more than what is needed for Bitcoin.

Edit:
No, they provided code for the client already for a long time and have NOT advertised rippled as being Open Source until now.

1. Refuse to honor BTC withdrawals on Bitstamp. Requires two keystrokes - // to comment a line out.
2. Finished.

You can still transfer them and have full control over them - you are jsut not able to redeem the value they stand for.

https://ripple.com/wiki/Gateway_policies
https://ripple.com/wiki/Transit_Fees

A gateway is able to levy you a 100% transfer fee on their IOUs. Not only won't you be able to redeem the value they stand for, but you can't even transfer it.

You should spend more time reading the official ripple wiki, particularly:

SO WHAT ? What will you do when Mtgox or other plateforme will be shutdown by USA and that bitcoin value will come close to 0 because of that ?

Making efforts to be compliant and to insure that this network is not to fund alquaeda people is legit .

Well, I did read that (probably some time before you did...) - if my gateway does this, I can just get my lawyer and sue them for breach of contract as they are a legal entity in my jurisdiction. Quite different than "Bitcoin is not legal tender. As with any Bitcoin service, any storage on inputs.io is at the users own risk. Exchange rates are estimates only.", huh?

Still you did not explain how they would steal my BTC.Bitstamp that are sitting at an address without me doing anything...

Bitcoinica. Good luck, because you'll need it. http://arstechnica.com/tech-policy/2012/08/bitcoinica-users-sue-for-460k-in-lost-bitcoins/

Keep in mind that if this was Bitstamp, 99%+ of Ripple BTCs would be vanished.


Only semantics.


Unfortunately MtGox isn't like HSBC who can launder billions of dollars to drug cartels and gets a slap on the wrist fine (http://www.theguardian.com/business/2013/may/30/treasury-department-hsbc-standard-chartered).

I also do not believe 'plateforme' like MtGox getting shut down (http://motherboard.vice.com/blog/feds-seize-funds-of-largest-bitcoin-exchange) (http://techcrunch.com/2013/08/23/feds-seize-another-2-1-million-from-mt-gox-adding-up-to-5-million/) is going to cause BTC to go close to 0. Last time I checked, MtGox is complying with US AML/KYC requirements and BTC is trading at ~$125.

It seems like Ripple users use tu quoque (https://yourlogicalfallacyis.com/tu-quoque) (appeal to hypocrisy) and appeal to emotion (THINK OF "ALQUAEDA") instead of backing up their statements with historical precedents and logical reasoning.

You as gateway (everyone can be one) chose who are your validators. To be a validators you only need do run the Rippled, and be a trustful person.

If the majority of the Ripple gateway chose to NOT trust Opencoin validators, they simply can, and maintain the network active.
As much as Bitcoin users will stop to use/trust Bitcoin-Qt node for another one.

Without the mining, gateways work as nodes/miners at the same time. They have the same functions for the safety of the network.

They can also change the base of the protocol, and creating an hardfork.
It the same as the majority of the trustful gateway chose to disconnect from opencoin owned validators/gateways.

Neither can gateways, they can't inflate XRPs.
They have only power on the IOU that they gave you, only if you trust them.
When you look at Bitcoin on your Bitstamp wallet, they are also IOU, and they can steal them from you if they want.

Yes they can, just need to be the majority.
They can as the Bitcoin dev team can, until the majority of the community trust them.

They can steal them until your Bitcoin are on their pockets. When you use IOU Bitcoin from Bitstamp, they are like Bitstamp/BTC-e/Mtgox codes, so they can disable them if they want.
They won't be able to steal my IOU Therock Bitcoin if I don't trust them (give them the ability) to do it.

I see that you really understand how Ripple works, but you are trying to spreading misleading meaning/fud to force your way.
You are free to continue, as I'm free to say that I think that you are a liar and so I don't trust you.

The ONLY reason you want to shut down ripple is that you own A LOT OF BITCOINS and you are afraid that it's a threat to bitcoin value so you couldn't keep your bitcoin for several years without being worried either by tax or bitcoin value.

I hope you'll get sue by Ripple one day for such dumb accusation.

Actually gateways must set "restricted holding" the very first time they issue an IOU. So, existing gateways can't actually restrict or freeze anything.

But i'm sure that TF does know that :P

That's not how it works.



Did you mean validators?


That's not how it works. Miners cannot change what your client accepts as hard ground rules.


OpenCoin Inc can - for example, reducing transaction fees is inflating XRP.


False. You don't have to directly trust them.


I agree! Please debate this point to Sukrim who still disagrees that Bitstamp can steal ripple BTC IOUs?


No they can't. Your client will automatically reject anything that doesn't follow it's hard coded rules, majority or no majority.


OpenCoin Inc's Ripple design and change process is very much more internal compared to the Bitcoin core dev team. Just take a look yourself.


Show me how I can keep BTC in my pockets with Ripple.


Please elaborate on misleading meaning and FUD. Preferably a point by point rebuttal, like this post.


Calling me a liar without pointing out instances where I've lied may result in people thinking you are an idiot.

Do you have anything to comment on my previous response before jumping ahead? I don't think holding "A LOT OF BITCOINS" makes my factual arguments invalid.


If a government knocks on Ripple Lab's door and mandates restricted holding, do you think code will stop them? With Bitcoin, people won't follow the fork. With Ripple, you're already following the fork.

You're forgetting OpenCoin validators may simply refuse to broadcast transactions.

Seeing as how you resort to attacking the opponent (Ad hominem) instead of what I'm actually saying, so what about your Dec 20 2012 message stating "BITCOIN IS DEAD" and that you're switching to mining Litecoin?

https://bitcointalk.org/index.php?topic=131809.msg1412058#msg1412058

"Time to switch on litecoin. BITCOIN IS DEAD for normal miner"
It seems has a different meaning from only "BITCOIN IS DEAD".

It's now too easy to show that you are trying to mislead the meaning of words ;)

After this, I'm out.

I can still talk about this with other people :)

JoelKatz answered EVERY POINT of your argumentation. If not go on ripple forum and ask. You won't do that because it would expose your lies and everybody could see that the ONLY point why you are hating ripple is because you are scared for the bitcoin value....


https://ripple.com/forum

[/quote]"Time to switch on litecoin. BITCOIN IS DEAD for normal miner"
It seems has a different meaning from only "BITCOIN IS DEAD".

It's now too easy to show that you are trying to mislead the meaning of words ;)
[/quote]

+1 And it was provocative on purpose... Your lies will be exposed soon with the success of ripple...

No he didn't. The burden of proof is on you, not on me going on ripple forum.

Please present me with JoelKatz's response. The last time I heard from him was that he left a comment on Ripplescam.org saying he is willing to debate it on a neutral platform (eg bitcoin forum), while ignoring all my respectful questions directed towards him on Ripple.


Are the following provocative on purpose?





Especially this one? Do you support murdering people that do not provide you with tech support??

the network will fund them just not those particular gateways
  dont use those gateways and you wont have the problem.

The first is an empty argument, as validators can switch to a friendly country in just 1 minute.

The second is totally pointless, as everyone can choose the validators that they like best.

You continue, by the way, confusing a payment system with a currency like bitcoin, and ignoring the benefits that a distributed market could give to bitcoin itself.

I'm not aware of how it is possible to switch from a US-owned ARIN block to another country in just 1 minute, because ARIN reassigning a IP block used by Amazon AWS to a 'friendly country' (Russia? Iran? Syria?) in the timespan of 1 minute when the propagation will take longer is.. dubious.

http://ripple.com/ripple.txt

54.225.112.220: US, United States
54.225.123.13: US, United States
107.21.251.218: US, United States
184.73.226.101: US, United States
23.23.201.55: US, United States

Next?

Saying everyone can choose the validators that they like best is a misleading claim. If you don't choose OpenCoin in your UNL, you will not get the same transactions as any other ripple user. This point is elaborated in more detail in RippleScam.org

Is it possible to sell ripple for BTC?
I still have 10000 ripple from some giveaway I have no use for.
Any good exchanges?

Try BitStamp.

You can on Bitstamp.
Exchange them on Ripple with IOU BTC Bitstamp, deposit them on Bitstamp and withdraw them :)

Do it quick through if you don't want to go through the hassle of getting AML verified, https://www.bitstamp.net/article/bitstamp-new-verification-requirements/ BitStamp is requiring AML for Bitcoin transfers (ie deposits, withdrawals) as of Sep 30th. You've got a few days.

HostFat and mah87, still waiting for a response. Or do you think I deserve "a bullet to the head"?  ???

Watching TF struggle over the upcoming months will be the most entertaining thing on this forum since Pirate and Matthew.


In regards to your smear campaign, good luck getting ROI on that one, you dun goofed!  (I dare you to pay another year of google adwords for ripplescam.   :D)

That's funny, because ripple scam project was never for profit. There's no ROI to achieve.

If you only talk to the tiny amount of Ripple shills, of course you'll think I'm struggling. But take a look here https://bitcointalk.org/index.php?topic=301778.0 :)

FYI, my AdWords campaign for RippleScam is still running. I've tuned it so I pay less than a cent per impression of ripplescam.org :)

Oh you did expect ROI, namely hoping to get the Ripple VC money turned into Butts and profiting from the resulting capital gains.

hey trade do you think bitstamp could just deny a bundle of existing users their AML applications and seize their BTC

You are not asking your question in ripple forum cause you know JoelKatz would answer all of them. Do your critism there, ask for answers, then if they can't answer i'll follow you ;)

Again: www.ripple.com/forum

since you are not doing that , it's just because you are spreading lies.

Hell Yeah!

Lived up to their promise and the price is rising fast.  XRP might hit some record highs soon!

This is completely wrong and you would see that if you would actually run a rippled.

To convert XRP to BTC one actually just needs to use the Bitstamp bridge - just send money to a BTC address from within the official client and it will automatically trade on the Ripple market and send it on the Blockchain for you. I do not know if Bitstamp will stop this in the future for AML reasons, though there is the chance that others might provide similar services.

If this is true then they are great news.
:) :) :)
Is any trick in it ?

If you don't have ripple UNLs (direct or indirect) you will get different ledgers.

When did I talk about Ripple bridges? Also keep in mind bitstamp is hard coded in the ripple web client.

Here it is:


I'm digging thru the code trying to get what it is about. It will take a lot of time to get understanding of the sources without a good manual. Is there any btw?

Congrats overall and this is great news especially.

Unfortunately there is no definitive "programmer's manual" that explains the operation of the program, but if you post in the Ripple Development forum with your question I will do my best to try to answer.

Wow. Reading this thread was like watching Gladiator.  Trade just tore right through them.  Thanks for the morning coffee entertainment.

For comparison, Satoshi included a Genesis block generator in the code with comments.
You're welcome, those with logical thinking capacities have quite different reactions to Ripple compared to the "get rich quick, pump and dump" folks.

Your arguments are worst and worst... Opencoin team is still waiting you on www.ripple.com/forum (http://www.ripple.com/forum) to answer all your questions... It seems you don't want to ask there because your lies would be exposed.

Thank you.

Perhaps one of the many Ripple Labs employees who posted in this thread could rebute something I said on RippleScam.org? Their silence is revealing.

Mah87, what is one of the "lies" on RippleScam? It is up to you to prove I am lying, not the other way around. This is basic stuff.

Also, remember when I corrected Joel Katz on Ripple?

This is the stupidest shit I have read this week and its Thursday.

The bridge comment was in response to shakezola.

Of course you'll have at least an indirect connection to opencoin, as they ran the main ledger until now. If you put only third party nodes there, you'll still end up on the main one, just like with bitcoin where everyone ends up on satoshi's chain.

No. If you only put third party ones in, and the third party ones do not add OpenCoin, you will end up with a diff ledger when someone tries a double spend - broadcasting one to Open coin and one to your 3rd party validators.

Collect bounty to speed this up.

Nooo, this is never going to happen. They open sourced their server just to scum you, my dear anarcho-libertarian shitheads!  ;D

They just believe in Harry Potter with a magic wand.

You'd need to remove the UNL aspects too to make it decentralized. Mining can work without high orphans and a 10s/ledger system - each PoW hit entitles you to the next ledger updates until another PoW hit for example which are not tied to ledger updates, with the reward distributed among the next ledgers to disincentize stalling.

Video game engine analogy: 60 FPS rendering, 20 FPS physics engine.

Talk is cheap show me the code. Ripple delivered, your move.

Nice to see some steps in the right direction with Open Sourcing and with the name change.

However

Despite that though I still have an instinctive aversion to the concept of chains of trust and passing around debts. Bitcoins are something I get, it is sound money. Ripple is something that I just don't get the idea is confusing and even if the ripple devs have good intentions, I can't get past feeling that the idea can be used for nefarious aims.

Glad to see they delivered.

You can easily test this yourself - just run e.g. a handful of independent servers, put their NodeIDs in each UNL and require a quorum of 3/5 on each. You will not be able to double-spend at all and also won't see any double-spend attempts, you will end on a fully forked ledger with 100 billion unspent XRP in the genesis account. Any double-spend attempts towards your or mainline ledgers will fail, as you have a completely different XRP and trust distribution in your ledgers, meaning your 5 servers will regard every transaction on mainline Ripple as being fake and on the other hand any transaction that is valid on your fork is seen as invalid on mainline Ripple.

This is just like starting Bitcoin with a different genesis block or after a hard fork. Transactions on one block chain will be viewed as completely fake from the other part of the fork and vice versa.

Just as the consensus in Bitcoin is: The main chain is the one starting from Satoshi's genesis block AND has the checkpoints which are embedded in bitcoin-qt (as there might be somebody else starting from Satoshi's block), it is the same in Ripple where the main ledger chain is the one started in Dec. 2012. Of course in both cases it is trivial to start an alternate reality - calling it "centralized" because of this is a bit much in my opinion though, as this would apply to Bitcoin in the same way for example...

https://ripplecharts.com/markets

There's been no progress since May...
You got Bitstamp and nothing else...
Even with the BIG BOOM of open sourcing only $38,000 USD/XRP traded.

Their big US Gateway SnapSwap is doing $2,315 of business/day.

If you bought XRP in May... you are STILL DOWN 50% at 9000/BTC...
There's no liquidity anyway to make any real money...
Plus 98,000,000,000 XRP waiting to be dumped on you, baby.
 
Compared to mcxNOW... Ripple is a Ghost Town = 100% hype...
Do people not realize that every single business associated with Ripple is IN THE RED.

Agree, but anyway they make something new, maybe usefull in future.

What if the deal with ZipZap is real? How much better would it make this?

I don't think Bitstamp is IN THE RED "baby" ....  ;) you are really a dummy ... what did you expect ? ripple making 1millions dollars a day within 1Month ? idiot

Has anyone tried to launch rippled?

I got such a picture:

http://s11.postimg.org/se680axyr/screen.png

Not sure if it's scanning my computer for wallet.dat talking to the Ripple network or just running an infinite loop.

 scanning my computer for wallet.dat Lol hahah you discover the ripple conspiracy O_o ahha :)

Someone mind looking over these and providing a few answers?

https://bitcointalk.org/index.php?topic=303114.0

So, one point to the builders and sharers, one poke in the eye to the haters!  

"What will be the most interesting about the open-sourced code may well be the consensus algorithm. If it works, consensus is arguably a major improvement over any of the “mining”-like algorithms that Bitcoin and other cryptocurrencies can offer; it both completely removes Bitcoin’s “wasted electricity” problem and makes it much more difficult to successfully execute an attack against the network. However, the main objection is, will it actually work? Up until now, the process has been well-documented on the Ripple wiki in text, diagrams and a video. However, the description has been high-level, and the documentation has not been in a formal form suitable for mathematical or cryptographic analysis. Now, we have access to the source code, which is literally as formal a description of the consensus process that one can get. For the first time, actual cryptographers outside of Ripple Labs will be able to create mathematical models out of the code, run simulations or prove theorems on it and see if it actually lives up to the hype."

http://bitcoinmagazine.com/7275/ripple-is-officially-open-source/

WOW, kind of surprising. i did not think that open coin would actually deliver on this. i wonder where it will go from here. hmmm....

yup. the low volume really bothers me too. right now, i am only willing to play around with a few hundred bucks in ripple with that volume.

# Send in the clones, from the otiose to the oneiric...
# python RipCloneNameGen.py

a1 = ['b','bl','br','c','ch','cl','cr','d','dr','f','fl','fr','g','gh','gl']
a2 = ['gn','gr','h','j','k','kl','kr','l','m','n','p','ph','pl','pr','q']
a3 = ['r','rh','s','sh','sk','sl','sm','sn','sp','sq','st','sw']
a4 = ['t','th','tr','tw','v','w','wh','wr','x','y','z']
a = a1 + a2 + a3 + a4

b1 = ['a','ae','ai','ao','au','e','ea','ee','ei','eo','eu','i','ia','ie']
b2 = ['io','iu','o','oa','oe','oi','oo','ou','u','ua','ue','ui','uo']
b = b1 + b2

c = ['bb','ck','dd','ff','gg','pp','ss','st','tt','zz']

d = ['le']

n = 0
for i in a:
  for j in b:
    for k in c:
      n += 1
      print n, i + j + k + d[0]

I just compiled it without error on archlinux.
But i got
when i run rippled.

Is there any manual of database? i didnt find any on ripple's wiki.

Create a folder named "db" next to rippled... or enter a location that actually exists in your rippled.conf file.

I'm considering buying some ripple, but  I would just like to know what happens when I'm buying from my Bitstamp account. Do I get my USD transfered to the ripple account or are they converted to Ripple instantly? How is the price of ripple established given there is a vast majority of undistributed "coins"?

Thanks!

At bitstamp buy the minimum amount to fund your wallet, i.g. 50 XRP reserve plus 12.5 XRP for trust line. Then deposit them into you ripple wallet. Then deposit some USD into your ripple wallet thorough bitstamp or other gateway. Then you have several options to buy ripples from the wallet client. You choose which one suits your needs better.

There are two ways to buy through bistamp. The first is on Buy/Sell -> Ripple, where you buy at the price bitstamp manually sets. Its more expensive than the market price, you should only buy the minimum ($2 or $3 USD) to fund the reserve for a new ripple wallet, if you don't already have XRP from a giveaway. With the reserve XRP met (~100 XRP), your ripple wallet can grant a trust line (either BTC or USD, each currency is a separate trust line). With a trust line to bitstamp's issuer address (rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B), you can withdraw on bitstamp.net Withdrawal -> Ripple. Choose the same currency of your trust line (BTC and USD have the most liquidity) and paste in your Ripple address (click "Receive" in your ripple wallet).

The market price for XRP is different on each order book. Each gateway (aka issuer) has separate order books on ripple, one per currency. Generally the best price will be for the gateway with the most liquidity, so usually on ripple USD.bitstamp and BTC.bitstamp order books (USD.snapswap is usually more expensive).

You can see a chart of the bitstamp order books on xrp.webr3.org, USD/XRP (http://xrp.webr3.org/usd-xrp) and BTC/XRP (http://xrp.webr3.org/btc-xrp)

Any one cam give the list of XRP trade exchange or where to buy XRP by Okpay/Egopay/Perfectmoney? Thank before.

Most XRP are traded within Ripple I guess. I am not sure which gateways accept your payment processors, this is not the topic of this thread though.

there may be a better place to ask this but sorry im not sure where it is. how do gateways deal with the legal ramifications of issuing securities. as i understand it this is how ripples decentralized exchange works. a person issues promises to meet a condition and those promises trade on a market until someone submits one of them to the issuer to be honoured. do i have this right? do you guys comply with sec? do you not think that you are obliged to? or do you think that you are but try to fly under the radar?

That's an interesting question. My guess is individuals aren't obliged to any compliance just like miners aren't, but most important gateways will be entities which should be. It's a little too soon to ask these questions, and if it takes as long for ripple to get noticed as for bitcoin it wouldn't be for another two years till ripple is where Bitcoin is now.  

The most straight forward answer would be if a gateway issues his own IOUs in one currency it must be compliant to the laws of the country issuing that currency.

thanks em that was a helpful reply. I'm tentatively unblocking you.

I bet it is open source with closed source attributes, like OSX.

You bet wrong

There is more information on forks here, especially the second one, splash, looks promising but there is little new information on it.
https://ripple.com/wiki/Forks

because it's not as easy as creating bullshit coins... RippeLabs has more than 40people working on Ripple Network now ^^

You think forking things are easy, THIS is retarded.

You think forking and build interesting things is easy, THIS is retarded.

Well, while it is easy to fork Ripple right now (just as Bitcoin in its inception) the network effect is still strong with RippleLabs.
While the technical part (rippled, the client, ripplecharts...) ist just copy-paste, you would have a harder time to convince people to actually accept and use your fork.

There is no "claim", there is PROOF it is open source:
https://github.com/ripple/ <-- all code for several different projects is in there, all under a permissive license. Also you are posting in the very announcement thread for this stuff... why do you speak of "claims"?

Rippled compiles, runs, builds history and behaves as advertised.

Could you give an example for this "common practice" where a company claims their software is fully open source but it actually is not working or incomplete?

Also I stopped being retarded, thanks for the nice reminder. ::)

+1

or you really think you just can "fork Gnome"? Can you do that, if you want to?

pankkake, I'm again disappointed. You are either obviously trolling, or you have shut down your brain completely.
(and that's a pity, because usually you gave good replies...)

At this point this word is all I'll be using in regards to the still remaining ripple haters.

The problem with ripple they still confusing the general public, instead say "100 billion ripple" etc. (so why not DOGE instead ;) ? ) they should compare strait to paypal system ...

They don't communicate to masses yet, that's why don't like it, yet.

I perfectly know how software works, so I can easily understand how a huge amount of work would be to replicate something as the ripple network.

It will not happen simply because it makes no sense to do that: 1:1 clones are worthless, just like for Bitcoin.

Unfortunately there is no real released fork of Ripple so far, NWO seems to have decided he wants to write his own software, Splash so far has just a thread with intentions and nothing more and ProtoShares wnats to implement consensus but that's only the double spend prevention part.

It would be possible of course, depending on what you want to do, you might be wise to stay back for a while longer until rippled gets a bit more stable and the refactoring efforts are completed. They recently hired a guy for developer relations though, so if someone reads this and thinks of starting something, please contact RippleLabs by all means!

If there is no working fork yet, it does not mean that nobody can make it. RL released sources of rippled just several month ago, making ripple completely open source. A fork can not pop up by itself overnight. In first place, somebody should be willing to spend time and efforts on it.

Making fork is a waste of time. If someone have free time, it is better to spend it either on improving ripple by providing third party software on top of ripple protocol, or on developing true ripple competitor with better features.

Nobody can run an identical Bitcoin network either, as that would be a hardfork of the block chain. "Bitcoin" is defined as the Satoshi block chain. You can however more or less easil change a few things in the code (checkpoints...), create a new genesis block and run a new network with the same rules as Bitcoin.

It's the same with Ripple - you can compile and run a node in the OpenCoin ledger chain or you can create your own (even easier than with Bitcoin, as there are no checkpoint hashes afaik.). This would (just like a "Bitcoin2" with a different genesis block) however be a full hard fork of the current ledger, so you (just as with Bitcoin) won't be able to transfer anything to/from people using the mainline network.

If you want to go further, you can also change rules inside Ripple too (e.g. start with 100 instead of 100 billion XRP, create new ledgers every 3.14 seconds...) and so on. Calling something not "open source" (which is a quite well defined term - rippled even is "free software") because nobody bothered to do that is a bit... strange.

Here are some "forks" (mostly working branches from developers for the mainline implementation though): https://github.com/ripple/rippled/network

Ok, I give up, he's trolling.

Yury. Nice to meet you, Mister Retard.

The answer is yes. This is so obvious that people are going beyond this thought which is far more interesting.

https://github.com/ripple

You can setup anything and start your own Nipple network if you want.

You, fucking retard, do not understand that "open source" means that software source codes are distributed under open license, which is the case with ripple. And if you would not be a fucking retard, you would be able to go to github, clone ripple code, and start your own ledger. There are people, who are not as stupid as yourself, retard, and they are doing this right now.

I'll just skip over the profanity you posted and give you the answer you seem ignorant about for quite a while now:

Yes, it is perfectly possible to start a new ledger independently from the one that OpenCoin started ~1 year ago. In fact, that's even the default(!) mode if you just run rippled with no further switches...
This is also clearly stated in the original announcement from half a year ago.

Your definition of "open source" is by the way not one that is shared by many people and I would recommend to find a different term for that specific requirement of yours ("forkability"?), as "open source" as well as "free software/FLOSS" are actually quite well defined and do not mean what you try to underline with your expletives.

oh wow. this thread is alive again. :)

++
Stop feeding the troll, please.
++

Just put him into ignore, and be done with it.

From the OP:

Besides the README files and comments in the code, a more high level view and understanding is possible by reading respective articles on the wiki: https://ripple.com/wiki/Main_Page

Nope, he "earned" that rating fair and square by spamming me. See the linked thread in the rating. I don't think that this warrants a "This rating is negative -- the person is not trustworthy:" tag, however people are free to see my opinion of this and act accordingly. I'll just go ahead and give you a similar one...

Ripple baby yeh!

Ripple Time.

dozen of banks integrating ripple soon. Up to you to be a fool.

I was checking the graphics on Polo and the last time RippleBTC was bellowed 0.00002700BTC was in April. Ripple could be worth the double in a few weeks if people still believe in the project.

https://poloniex.com/exchange#btc_xrp

https://ripplelabs.atlassian.net/

I added Ripple to the Cheddur app (www.cheddur.com). This will allow new users to learn about Ripple and join the community. Cheddur allows you to link addresses, wallets, exchanges, and other services that support Ripple so that new users can easily get started. Can others from the community please review the profile for quality and help me add supported services?

Screenshots:

https://i.imgur.com/1KV9HVF.png

https://i.imgur.com/fcp5xg7.png

https://i.imgur.com/xmhztDT.png

I woudnt mind putting $30k into XRP and wait for it to hit $1  once i get my returns from NIO back into XRP
By the way NIO is releasing a AI trading platform at the end of November, you will be able to use it to trade XRP with any exchange
NIO has a great team and really good product for anyone interested

Hi everyone- Has anyone had any issues withdrawing ripple from Poloniex? Since last week they are ignoring my tickets and still did not credit my account of the 75000  XRP https://imgur.com/Gd231x4 they're keeping hostage on their exchange. Pls HELP- Any input will be the most welcome- Thank you
I also posted on reddit  issue_with_withdrawing_my_ripple_on_poloniex/

Is it true that Ripple is going to freeze a significant part of the coins and then defrost them in parts? Should this positively affect the course?

They already did:

https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/

Thanks for the response and for the link. Now I'm even more confident that I made the right choice.))

Does XRP(ripple) have some official thread at bitcointalk?
I searched it, and only found this thread.
My XRP withdrawal at Poloniex was stuck for a while. Is that unusual?

Reading the news today, I came across an interesting article.
Here I lay to read:
Bitcoin may be good but it is not most lucrative
The cryptocurrency has many rivals and some such as Ripple are vastly outpacing the best-known digital coin
https://www.thenational.ae/business/technology/bitcoin-may-be-good-but-it-is-not-most-lucrative-1.695137

And in fact, I myself had adopted a new 2018 a lot of new and quite promising project / coins.
In fact, now a lot of different projects.

Who is need Ripple?
It is the question for me.
Because Ripple is not interesting for crypto enthusiasts due that this coin not decentralized. Ripple interesting for banks? Yes, but for test purposes only, I don't think that big banks want to based payments on the blockchain which fully controlled by third party. Now Ripple it is the victim of crypto market manipulations. My view that investing to the Ripple is more high risk than investing to most of decentralized coins.

ripple is just as bad as bitcoin. Same old problems just like bitcoin takes forever for the money to transact and then it says invalid. Then it says you need to leave 20 ripple on every wallet you ahve. Thats what like 40 bucks just to have a wallet with ripple on an exchange and another 40 bucks to have your own wallet. What a bunch of horse shi%. No longer interested in ripple its just as stupid as any other crypto currency with all the problems they have. Until this stuff can be simplified and transact with in seconds something ripple can't do it will never work. I will wait for visa to come out iwth its own system and see if they make a crypto coin out of it and see how fast that transacts. Until something works properly i wont be touching any of these cryptos. They just don't work and have to many problems to have any interest in investing in them. Maybe a big company like amazon will make something that actually works. Until then gl waiting for your transactions to go through hrs or days later and think you have a great investment.

wanna exchange a few of my xpr into eth ..wnat to try BestRate.org , has anyone used it before? As I realize, advantage of it is that it won't charge you a lot when you make huge transaction..lnit all know about it

ripple has caused a lot of heartburn to its investors... at the current price, it is still down about 67% from its peak.
it has been trading in a small range for the past five days and is not finding much interest among the buyers.
however, we believe that if the XRP/USD pair breaks out of the 20-day EMA and the downtrend line, we can expect it to attract further buying, which can propel it towards the overhead resistance of $1.74.
therefore, we need to wait for a breakout above the 20-day EMA before buying.
     

https://tothemoon.live/?IsPast=False&Page=1&Month=0&Year=0&CoinTypes=Ripple+%28XRP%29&SortBy=0
Rippple has very good news for April. I really believe in this coin.. want to buy more before price jump to the moon :)) what u think?

They also have not such positive news: https://cryptoslate.com/ripple-security/

Ripple was denied access to two major U.S. cryptocurrency exchanges, Coinbase and Gemini, due to regulatory concerns.

They need to increase capitalization to increase XRP price. But this is impossible without access to huge exchanges.

Why Don't You Just Marry XRP? : https://www.publish0x.com/kryptik/why-dont-you-just-marry-xrp-xpnqxp

XRP Community Celebrates As MoneyGram is Now Officially Using XRapid Commercially : https://www.publish0x.com/everythingxrp/xrp-community-celebrates-moneygram-now-officially-using-xrap-xqmdqk

Ripple is the Difference : https://www.publish0x.com/jeffrey-allen-kaufman/ripple-difference-xnxzpo