I'd also say people should not focus too much on these XRPs. The original concept of Ripple (it was conceived in 2004) is not about a built-in unit, but rather about peer-to-peer bartering and banking with any currency, even Ithaca Hours or whatever. Thus, this is not OpenCoin propaganda.
These XRPs seem to be a technical necessity for the current implementation of Ripple. As long as they solely function in a role as some kind of stamps, I wouldn't mind much if there is a little centralization to them. But if people hype it up into a proper, widespread currency, and if also the OpenCoin organization wants them to become more valuable, then it's indeed problematic.
|
|
|
XRPs should not become much more expensive than they currently are. They're basically a fee to create an account, and that fee shouldn't be all that high.
|
|
|
rUdPvX9YN1NwyniwiJeSW6y3YKZL84gsB6
|
|
|
let's see how the comments look like …
don't
|
|
|
Zum Handelsstart am Donnerstag
lolwut?
|
|
|
Grooveshark is not available here in Germany.
|
|
|
bye bye Bitcoin, it was nice knowing you.
|
|
|
https://threatpost.com/en_us/blogs/rsa-conference-2013-experts-say-its-time-prepare-post-crypto-world-022613SAN FRANCISCO--In the current climate of continuous attacks and intrusions by APT crews, government-sponsored groups and others organizations, cryptography is becoming less and less important and defenders need to start thinking about new ways to protect data on systems that they assume are compromised, one of the fathers of public-key cryptography said Tuesday. Adi Shamir, who helped design the original RSA algorithm, said that security experts should be preparing for a "post-cryptography" world. "I definitely believe that cryptography is becoming less important. In effect, even the most secure computer systems in the most isolated locations have been penetrated over the last couple of years by a series of APTs and other advanced attacks," Shamir, of the Weizmann Institute of Science in Israel, said during the Cryptographers' Panel session at the RSA Conference here today. "We should rethink how we protect ourselves. Traditionally we have thought about two lines of defense. The first was to prevent the insertion of the APT with antivirus and other defenses. The second was to detect the activity of the APT once it's there. But recent history has shown us that the APT can survive both of these defenses and operate for several years." Shamir, who shared the panel with Ron Rivest of MIT, Dan Boneh of Stanford University, Whitfield Diffie of ICANN and Ari Juels of RSA Labs, said that the continued assaults on corporate and government networks by sophisticated attackers in recent years has become the most important development in the security world. The time, he said, has come for security researchers and others involved in defending networks to look for methods other than cryptography that are capable of securing their sensitive data. "It's very hard to use cryptography effectively if you assume an APT is watching everything on a system," Shamir said. "We need to think about security in a post-cryptography world." One way to help shore up defenses would be to improve--or replace--the existing certificate authority infrastructure, the panelists said. The recent spate of attacks on CAs such as Comodo, DigiNotar and others has shown the inherent weaknesses in that system and there needs to be some serious work done on what can be done to fix it, they said. "We need a PKI where people can specify who they want to trust, and we don't have that," said Rivest, another of the co-authors of the RSA algorithm. "We really need a PKI that not only is flexible in the sense that the relying party specifies what they trust but also in the sense of being able to tolerate failures, or perhaps government-mandated failures. We still have a very fragile and pollyanna-ish approach to PKI. We need to have a more robust outlook on that." Shamir pointed to the incident recently in which TurkTrust, a Turkish CA, was found to have issued subordinate certificates for Google domains to two separate parties, one of which was a Turkish government contractor. He said he wouldn't be surprised to see other such incidents crop up. "I think you will see more and more events like this, where a CA under pressure from a government will behave in strange ways," he said. "It brings into question whether the basis of security, the PKI infrastructure, is under severe strain."
|
|
|
lol @ using SatoshiDice to toss the coins. That's beauty.
|
|
|
Die geläufigerere Übersetzung für "line of credit" ist einfach Kreditrahmen.
|
|
|
eigentlich geht's bei Ripple (bei der ursprünglichen idee) ja nich um die XRP oder irgendeine fest eingebaute werteinheit. viele hier traden schon damit, typisch diese XRPs sind doch vollkommen von der "Zentralbank" bei OpenCoin abhängig, also kaufen würd ich keine und als Wertanlage betrachten auch nicht. dass man mindestens 300 XRPs braucht, damit überhaupt was geht, schmeckt mir auch irgendwie nicht. das behindert doch die akzeptanz und verbreitung. dass der joel katz gepostet hat, dass er zu den XRPs keine aussagen machen darf, ist auch beunruhigend. wenn sie damit irgendwie ihre entwicklung quasi finanzieren wollen, können sie das doch sagen, das wär dann wie anleihen oder bonds, mehr transparenz bittschön.
|
|
|
2. Szenario: Ich gewinne bei einer BTC-Lotterie 1000 BTC. Wie muss ich diese versteuern?
ach du warst das
|
|
|
I'd answer it with an infamous piece of Marxist propaganda: (To which I happen to agree on. I know that makes you libertarians very mad. ) From each according to his ability, to each according to his needs!I'm also critical towards any -isms, both libertarianism and Marxism. Marx's quote never made sense to me either. Who's "each"? Out of which set? A commune? A company? A co-operative? A nation? The world? The galaxy? The universe? Are the technologically advanced inhabitants of the Zeta Reticuli system obliged to give each inhabitant of the more backward planets like Earth a space glider? That's basically what Marx would tell them.
|
|
|
I also did a reading, and I got this: Lovers in The Tower The Moon and Sun divided And The Hanged Man smiles
Lovers in The Tower The Moon and Sun divided Let The Fool decide http://www.youtube.com/watch?v=GVTeN4xs7Dowondering if Mr Dickinson ever heard of this thread. Or Bitcoin for that matter.
|
|
|
Your hour of programming was exchanged against something, usually a salary.
not so fast. Salary of what? I'm not there yet in my example. So in a nutshell, money quantifies the value of exchanged goods and services.
that's not what money is. That's what money does.
|
|
|
as already said, is a measure of value. You must have a standard for the measure.
no, that's a denomination then, a certain currency if you will, which may or may not fulfill your requirement for a stable, "objective standard". Which standard anyway? There could be several standards. A gold standard, an oil standard, a basket of commodities standard, etc... That I contributed to society with 1 hour of programming is information. Now I need to store this information in some way that society agrees that I can redeem equivalent value from that society in the future. That's the problem that money is trying to solve. That we use gold, euros, dollars, bitcoins or whatever is just the current state of the available technology, toolset and the prevalent mindset in society.
|
|
|
When you think about it: why are we using scarce commodities as sound money? Isn't that kind-of unfair and/or unflexible (I know, I sound like a fucking keynesian now).
yup, what I've been saying all along. Money is just information. Scarce commodities, even Bitcoin, don't solve the problem of shortages in money supply like in this parable: http://www.nationalreview.com/corner/286017/euro-parable-john-derbyshireThe German tourist's 100 EUR were temporary extension of money supply. That's why we have business cycle policies. Keynes et al just didn't understand that credit has to be created by the people, bottom up, rather than top-down by a central bank.
|
|
|
Not the same thing at all - Ripple seems to be just a social network solution to simplify some of the transactions people want to perform with eachother so that no middleman is needed (or has to be paid extra). It addresses none of the problems of money-as-debt fiat-currencies.
just as Bitcoin is both a currency and a payment system, there's also more to Ripple (the original idea anyway). It's exactly all about what you describe: self-issued credit.
|
|
|
|