These are just variables. Variables can be changed.
So do you claim that block reward can also be changed? Is it also just a variable. There is a difference. Change of block reward would create a HARD FORK of Bitcoin. It is the most "sacred" variable of Bitcoin, it cannot be changed without hard forking and disagreement in the community. Changing block size OR default fee will not create a hard fork. The only REAL limitation is the speed of the internet connection and TFLOPS of processing power.
And the speed of anonymous internet connection, in case someone want to make bitcoin fully anonymous. And the cost of it. And what is stopping you from using a LITE client over an anonymous connection ? Why the hell do you need a FULL client over TOR for ? Also, there is a network which can handle such traffic - I2P. So why the hell people keep shouting "Bitcoin is not designed for microtransactions" ?
Because it's nonsense to store sub dollar tx in thousands of full nodes around the globe and propagate between them. The cost of bandwidth and storage is simply to large to make it economically feasible. We have (or we will have) tree pruning for that. Not everything has to be stored. And hard drives capacities & internet connections speeds will be improving over the years. |
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NOTHING in the Bitcoin protocol design that would not allow microtransactions.
default fee, MAX_BLOCK_SIZE. But it is not designed to be 1MB forever. Still I don't see any reason to make microtx as secure as macrotx. It is not worth to store them in the blockchain. These are just variables. Variables can be changed. But the CORE Bitcoin protocol allows ANY number of transactions per second. The only REAL limitation is the speed of the internet connection and TFLOPS of processing power. So why the hell people keep shouting "Bitcoin is not designed for microtransactions" ? This is just a big piece of Über-Bullshit. |
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Bitcoin is not designed for micro-transactions.
Oh my, this is so much of Bullshit.  You actually mean that the current Bitcoin client is not designed for microtransactions. But future clients may require multiple computers or a cluster to run a single client (like BitsOfProof supernode). It is entirely possible to write a client which will be able to process 100.000 transactions/second with today's technology and internet connections, so why the stupid "BTC is not designed for micro.... blah blah" talking ? WTF is wrong with you people. Obviously, Bitcoin IS DESIGNED FOR MICROTRANSACTIONS. There is NOTHING in the Bitcoin protocol design that would not allow microtransactions. |
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0.8.2 final has been released. (of the main bitcoin-qt reference client.)
But it does not contain CoinControl. |
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All i have to say is Liberty Reserve...same fate for Ripple.
Completely different situation. Opencoin operates in the US under US law. However it is centralized - so it is possible for FED to close it down pretty easily or dilute the XRP supply like they do with dollar. |
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Good work.
I will soon release my forked version of this so people can send more free transactions.
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If it's not open source what it it then? Surely it's not proprietary since the source code is available to the users.
What a strange logic. Please just publish the Git url to pull all code form. All of it. Until this does happen, it's closed source. And the creators or ripple get the smell of fraudsters for using the positive connotation of "open source". Being an open source developer myself, I can tell you: there is absolutely not the slightest practical problem to publish every line of code right away. It does not "help" you not to publish. The contrary is true. Publishing helps spotting your own "group think". Closed source does imply the binary is otherwise available, which it is not. If you are just using the client you are not a user. Users are those who run a node, and those get access to their github. You clearly have no idea what "Open Source" means. "Open source in future" is NOT Open Source. Period.If it were for me to decide, you would be marked as scammer together with Ripple for doing PR for them. |
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-It is open source, just not published, you can get rippled if you ask opencoin for access
That is NOT the definition of Open Source. Bullshit. -correct, but it's designed to be decentralized, it just hasn't been published
Which means exactly that it is CURRENTLY centralized. Double Bullshit with Extra Chips. -does that really matter? If it works it works, if it doesn't it doesn't, no fuss about it.
It matters, because they lie about it. Bullshit #3 with extra Onion. -this makes no sense whatsoever, it's not a currency but a debt based payment system, there is nothing to counterfeit.
But it has "units", which could be counterfeited. For example, by government seizing ripple central servers. 4 Bullshits plus cola and mashed potatoes. -correct, they could, now before release change the number of XRP, but they would undermine their efforts, and after release the can not any more, and actually there might as well be nodes already not under the control of opencoin in which case, it's about as hard to do as in the beginnings of Bitcoin.
Does not matter as they claim otherwise on their site. Bullshit #5 with some butter. Bingo, It's not released yet.  Who cares. They lie, they profit, they scam. Bullshit #6 with italian pasta and salami. Your post is intentionally misleading by assuming the limited beta is the state of it's design.
My post is intentionally spreading the truth about the CURRENT STATE of affairs so less people will be scammed by lying Ripple fuckers and their propaganda tubes, like you are. Total bullshits counted: 6Will it be card or cash, sir ? |
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Oh great, another Cripple discussion. Let me just put this here: Dry facts: - Ripple is NOT open source - Ripple is NOT decentralized - Ripple does NOT use "the same underlying cryptography" as Bitcoin - Ripple is NOT counterfeit proof - Ripple CAN PRINT as much XRP as they want (they already did actually). For more, check http://ripplescam.org/ and this topicAlso check out this lies on their website, while you still can. The world's first open payment network
Get in our github
(Yeah, like that GitHub repo is the WHOLE source) Ripple is an open source, distributed peer-to-peer payment network
Ripple transactions are irreversible, sent over the Internet, and counterfeit proof
Ripple uses the same underlying cryptography as Bitcoin
Ripple is an open source peer-to-peer payment system. Ripple lets you easily, cheaply, and safely send money over the Internet to anyone, anywhere in the world. Because Ripple is P2P software, no individual, corporation, or government controls Ripple
Lies, lies lies, lies. Goddamn lies everywhere. |
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yes. and after bitcoin internet will be next  Right after BitTorrent |
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If banks & governments are starting to fight Bitcoin, then this is a good news. It means that Bitcoin REALLY IS a VALID competition to them (if not, then why fight it ?). And if it is a valid competition, that means we can win this. Not like this is a surprise, anyway. We were expecting this since the dawn of Bitcoin. |
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NO DATE?
Kiba, please ask admins about moderation rights in the "Press" section. I mean, seriously. |
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I think they can take all their pre-mined coins and their centralized infrastructure and piss off now.
Centralized, *closed source* infrastructure. Fixed That For You. What? The code source has not been released yet?! How long can you say you do something and do the opposite until people say you're a liar? Apparently, quite long. |
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First of all there is no such thing as "intellectual property".
I know, I do not believe in "intellectual property". But still, lawyers & governments do. In the present xrp is cheap and plentiful and the only way you are going to run into issues is if you are an exceptionally social person or very broke.
Which has nothing to do with what I was talking about. |
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@ElectricMucus Bitcoin is like a variation of Schrödinger's Cat. Everything about it is both scam and fully legit at the same time until you open the box.
By the way, you talk bullshit and your signature is complete bullshit. So fitting. |
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It's free software imo, under the definition RMS uses.
It does give users freedom by distributing the software by source code. That you have to adhere to certain conditions to become a user doesn't change that.
Again, [citation needed]. There is nowhere said that you can freely distribute all the code (daemon too, not just client). So you cannot and you have no freedoms RMS talks about. Please show me what lies you mean, I can't see them. Do they even say it is to be open source?
Oh yes they do: The world's first open payment network
Get in our github
(Yeah, like that GitHub repo is the WHOLE source) Ripple is an open source, distributed peer-to-peer payment network
Ripple transactions are irreversible, sent over the Internet, and counterfeit proof
Ripple uses the same underlying cryptography as Bitcoin
Ripple is an open source peer-to-peer payment system. Ripple lets you easily, cheaply, and safely send money over the Internet to anyone, anywhere in the world. Because Ripple is P2P software, no individual, corporation, or government controls Ripple
Lies, lies lies, lies. Goddamn lies everywhere. |
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And that is related to Bitcoin... how ? This topic should be deleted or moved. Because this is exactly the problem bitcoin will solve! Sorry, not close enough. Somebody please delete this topic. |
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And that is related to Bitcoin... how ? This topic should be deleted or moved. |
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Unreleased software can be open source.
No. You do not understand what "open source" means. Open Source is not when you get access to the source. Open Source is when AUTHOR publicly states the license it is on, no other way. Otherwise author can always sue you for illegally distributing his intellectual property. For example: there is a lot of people and organizations who have access to Windows source, but Windows is NOT open source. It is NOT the same. Do you have a binary of the server? If not you do not have the right to the source.
Do you actually know what you are talking about ? Because i hate wasting time on people who talk random crap. It will be possible to fork it once it is released...and in fact an attempt at doing so is planned.
Xrp is an unimportant detail. Even if opencoin did print more...which they won't, it doesn't matter. (...) but concerns about the amount of xrp are a distraction at best.
That's in the future (or one of possible futures). We are here and now - let's talk about the present. The source is important and it is important that they release it
That's what I am saying. But they are NOT releasing it yet while claiming to be Open Source. And that is simple scam. |
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This was built using Gitian with sipa's build script
Can you provide more details? I tryed to compile on a VMWare Ubuntu myself, but got errors  This fork builds exactly the same way the normal client does. So just follow instructions on building the mainline client. https://github.com/bitcoin/bitcoin/blob/master/doc/build-msw.md |
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