Could someone send me some XRP for 0.2 btc? Just want to try.  rp3Papsq3aXf3gswfgfaqgegjLAEVaw8V1 sure. 2000 ok? 1PUvGhG8U5iWVubkHQo5uJZYHiNj6g4zNJ |
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r9TWUUN8duW1rDqJ2yz2wjksc8A9BpxPUh
Trying to get started, sent some BTC to my bitstamp account, but i can't withdraw to XRPs because i don't have XRPs in my Ripple wallet yet and can't set up a trust for Bitstamp? I think that's where I'm at :-)
you need xrp, at least 300, I think. It's a prerequisite to establishing trust, making transactions,... if I understood correctly. |
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Hmm I thought that was sarcasm when I saw the bit about miners driving up hash rates for no reason, but reading more I'm no longer sure if the post is sarcasm or serious.
-MarkM-
I'm just posting my though, seriously; let the miners choose to include free-tx or not, or wtv cut off they want. and give them plenty of space to include as many as are available and everything will balance out the criticism here is that miners with access to huge bandwidth will mine huge blocks and disadvantage the smaller miners because these can't dl the block fast enough to restart mining. You need the newest block in order to mine. The fear is that this would result in greater centralization. |
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also: coinbase OpenCoin Inc. (? !) is holding the other 80%.
FTFY goddamnit. first I mix up bitinstant and bistamp, then coinbase and opencoin. thanks for telling me. |
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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.
No. It's not the actual nature of the the work that is stored in money, it's its value. Your hour of programming was exchanged against something, usually a salary. Those two things are thus considered, at least temporarily, of equal value. Exchange defines an equivalence relation. Now, an hour of programming from a better programmer would have been paid better. This defines an order relation. Equivalence and order relations are the basis of the concept of quantity. So in a nutshell, money quantifies the value of exchanged goods and services. That's why as a tool for measuring quantities, a fixed amount makes sense. the value of stuff is subjective. That's why we can exchange something voluntarily while everyone thinks he made a good deal. |
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just managed to git clone the client repo and have the client running locally now. here's what I used to get it to work. https://ripple.com/wiki/Ripple_Clientwhat it doesn't tell you explicitly: after build, "cp config-example.js config.js" why would one do this? Maybe to be able to play with / look at the code and/or incorporate patches earlier. |
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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. mach kein Fass auf, digger  I don't believe myself currently that "shortages in money supply" can be problematic. Further I hold the opinion that Keynes (or whatever group) just came up with that theory to funnel power towards the state and/or banking cartel. I'm still an opponent of "managed money supply". This might be changing currently: My greatest criticism of a managed money supply is that it puts too much power in the hands of too few people. Clearly it's possible with ripple for that to be not the case (as you say "credit created by the people"). So I might differentiate my view here. |
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For me ripple is an implementation of an infrastructure that can be used for Free Banking and also for "personal banking". It's also ideal for running community/local currencies. I think it could be even better than that. As I wrote on IRC, this is the closest thing from a decentralised banking system I've ever seen. well, if it weren't for the fed and "the banking cartel" + the govt' of the world, the current banking system would already be decentralized, no? I think we can agree that ripple has the potential to free the banking system from central control. It can potentially make obsolete all currently existing fiat currencies and maybe even the commodity money (haven't made up my mind about that one). And finally, the freedom of economic interaction, which is also coupled, like the freedom of communication, to the privacy of economic interaction. So let’s speak about these ideas that have been brewing in the cypherpunks since the 1990s of trying to provide this very important third freedom, which is the freedom of economic interaction.”
the bolded part is what ripple (and also bitcoin) are about imo... "people don't buy what you do, they buy why you do it"... so maybe we could also be asking "why ripple" instead of "what is ripple". btw: what about privacy regarding ripple? |
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I think you should change the subject to something more meaningful, like "[POLL] what do you think of ripple" What I think of ripple? It's going to kill the banks unless the banks manage to kill ripple first. For me ripple is an implementation of an infrastructure that can be used for Free Banking and also for "personal banking". It's also ideal for running community/local currencies. All in all an awesome idea and hopefully impelmented on strong secure crypto and ideas (consesus model). JoeKatz might even be right, it might change the way we think about money... this would be a long process however and bitcoin will become the #1 money before this happens. 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). Anyhow: both bitcoin (sound commodity money) and ripple (p2p flexible-supply currency) beat the current fiat regime on all accounts I can think of (except the ones involving force). I'm definitely going to stick with bitcoin and I'm going to give ripple a long, hard and dedicated evaluation. |
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I'm going to try removing my bitstamp BTC trust. This might result in the bitstamp BTC IOUs I hold to be converted to IOUs from any of the many people I still trust with BTC.
Note that I'm doing this for testing purposes, nothing indicates bitstamp isn't trustworthy.
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Where is the thread where I could tell everyone how awesome I think this project is?
you can make one. could result in interesting discussions. maybe "boil down what ripple is into one short sentence" I'll make a poll, because I suspect this is going to be a bit controversial. be sure to post the link here |
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OK. You're a gay couple? And you're also into that dog stuff?
^^ answer this ^^  he did, read the thread here, I did all the nasty work for you: Yes we are (together for almost 14 years). We don't like dogs, or anything like "that" with real animals. But we like anime and furry style art.
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Where is the thread where I could tell everyone how awesome I think this project is?
you can make one. could result in interesting discussions. maybe "boil down what ripple is into one short sentence" |
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In freaking New Hampshire? Damn it, my area never gets anything cool...  Isn't New Hampshire also considering to make gold and silver legal tender again? |
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Hah, molecular's gateway is taking off. There's a few bids for BTC molecular/XRP...
heh, indeed. How does one become a gateway? You need to setup a rippled but the source isn't release the last time I checked so right now you can't I'm not sure about that. Is this really the case (you have to run a rippled to be a gateway)? |
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Hah, molecular's gateway is taking off. There's a few bids for BTC molecular/XRP...
heh, indeed. How does one become a gateway? moocowpoing1 was using the term loosely. I'm not a "real" gateway. For one: a "real" gateway doesn't typically trust others (I do). I also don't offer automated withdrawals and stuff like that. Also: I have no fees. |
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I can't give trust to bitstamp:  And then:  What am I missing? known bug, restart client and it should work. |
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It seems to me this thing could make bitcoin-otc obsolete. Am I wrong?
no, bitcoin-otc deals can involve anything, not just money. Also: I doubt there will be paypal ripple gateways with low fees, for example. Also: ripple gateways are likely going to be subject to KYC, AML, ... rules, which bitcoin-otc provides a way around. Ripple is also not going to be a replacement for localbitcoins.com for that reason. |
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Hah, molecular's gateway is taking off. There's a few bids for BTC molecular/XRP...
heh, indeed. |
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