Me too, I wanted to wait for a shortage in BTC and then sell a few and buy back cheaply a few weeks later. Either others had the same idea (why are they selling at a loss then though?!) or *tinfoilhat* OpenCoin is buying back it's XRP or there is actual demand for XRP.

It has been submitted already... multiple times already reaching back some years.

...responses haven't been very enthusiastic to say the least.

As already said, a 56k modem can handle 30 MB blocks...

Ich bin doch nicht dein persönliches Google...

Tasted 8 or 9 out of the 10 fruit in the first link and 9 of the 25 in the second one... knew almost all of these though but some are not very easy to transport, so I have to wait until Bitcoin rises to a million USD a piece to be able to fly around the world tasting awesome fruit.

@MysteryMiner:
Yes, you can go hunting for edible mushrooms in the woods at my place - even though there are poisonous ones around too sometimes, you anyways only ever pick the ones you absolutely know for sure and just leave the rest alone. I guess it's the same in the place in eastern europe you're from (guessed from the lack of articles ).

Im Auktionsforum wurden glaube ich grad welche versteigert. Kaufen können etc. ist übrigens nicht viel wert... entweder du hast ihn (mit Fotobeweis) direkt vor dir stehen oder nicht.

As far as I understand it, the address is a hash of the public key. Please correct me if I'm wrong by the way!

This means, as soon as the actual public key is in the wild (typically after a transaction has been made _from_ an address, not just to it) you could calculate any other address with different prefixes, like NMC, testnetBTC and so on.

Namecoin is not used for messages as far as I know by the way, you might confuse this with Bitmessage maybe?

https://www.dwolla.com/tos#conduct

I guess your idea would qualify as "money service", as you do not decide where you actually send the transaction to, but let others decide on that and act on their behalf.

It would be a neat service idea and probably needed and so on, BUT (and that's a big but!) it is impossible to do this on a larger scale (meaning above a few hundred USD per year) without drawing attention from Dwolla. You need their approval to act against their TOS, so probably you should start founding a company instead of asking as a "regular user" in the first place, to be taken a bit more serious.

This is not true and would be visible immediately to all participants in the Ripple network.

It is not as hard as in bitcoin to change network rules, but it is possible, yes. It is however a premise of the whole system that 100 billion XRP are being issued, just like the 21 million cap of Bitcoin. Both numbers can be changed (in Bitcoin about 3-4 pool operators are able to force that upon the entire network), both very likely are not going to be changed.

Nevertheless there is probably a far percentage of XRP in circulation than of BTC - so even if they are not going to be minted, they can be distributed at will.

Ripple has a decentralized concept (but is not operating very decentralized atm), OpenTransactions is more centralized in it's concept but proposes a general standard that would allow for decentralized operation too.

In my understanding OpenTransactions is something like stock exchanges: If you want to trade, you need to find your partner and go on the same exchange server (this is where BitMessage would maybe help in the future) to do your trading. You can take your personal stock certificates with you.

Ripple is rather like a huge marketplace, where (not currently, server code han't been released yet) lots of different people have their stands and fair prices are agreed on by taking a look over the whole market hall and comparing, since everyone posts their trades in the public. You can even have agents (=Ripple software) that look for the cheapest path (selling A for B and then B for C instead of A for C if that is cheaper).

As far as I've heard, Ripple is a subset of OpenTransactions, meaning OT can do what Ripple can + more, on the other hand Ripple seems a bit more focussed and at least has (kinda) working client implementations in the wild, compared to OT.

The main thing that's missing in Ripple is the server code, the main thing that's missing in OT is a usable client or at least someone actually using it.

Just make sure your phone has the correct local time set as well... not saying the error is on your end, but it could be possible.

You could exchange the PLambertUSD via XRP or maybe directly BitstampUSD, yes.

I would clarify this with Dwolla though.

If it is already possible to have options on USD on your platform, why not use these?

PM sent and answered, thanks

I mean something like "selling 1 share of "SUKRIM.DEBT" for 10 USD", then depending on the current market anyone can use 10 USD worth of LTC or BTC to buy 1 share.

This would also make it clarer for mining bond holders what they are investing in, as these need to be priced and valuated in USD imho.

Fighting over so few transactions per second as are possible right now is in my opinion too limiting. I would agree to not having 1 TB as MAX_BLOCK_SIZE, but 10-100 MB should be still possible.

A 56k modem can still keep up with ~30 MB blocks.

http://en.wikipedia.org/wiki/ISO_4217
XBC is already taken (http://en.wikipedia.org/wiki/European_Unit_of_Account_9)

This might even be an issue for XBT, if SIX wants to keep the "XB_" namespace reserved to these european accounting units for the future.

1. weexchange.co's service is horrible (I have an open ticket there for now ~1 week) - please do provide alternatives!

2. Allow pricing in something else than BTC (it can still be only traded in BTC) such as LTC, USD, EUR...

3. Integrate ColoredCoins via OpenTransactions and/or Ripple IOUs so people can actually own shares, not Bitfunder IOUs of IOUs of companies (or even other IOUs).

4. Allow me to offer shares (and BTC!) to people who want to short sell/long buy.

5. An actual registration address + contact information would be nice too

Well, anyone can issue IOUs on Ripple who has a handful of XRP, there is no real centralized or decentralized "approval" process. Other than that you gave a fairly correct overview on how Ripple operates or will/might operate.

Especially interesting about JPY:
There is the "popular" abbreviation YEN and the official ISO standard name JPY

BTC would be probably used similarly and to convert to XBT (the proposed standard name) you'd just need to multiply by a million.