I see Ripple also tried their own quasi-mining attempt with the Computing for Good project. But like everything else they do, it fails before it even gets off the ground.
While CFG was not a very good final outcome for sure, and you are absolutely correct to point it out as something that didn't go well... 1) They did produce valid results -- computing cycles were, in fact used for good. This isn't a 'failure' just not as much as a success as we both might like. 2) It's unclear who 'they' is. If 'they' means *the entire ripple network* then you're completely off your rocker. A great deal of successful transactions have occurred, although nothing close to the amount that the bitcoin network has allowed, but still a huge amount of benefits of trade. I have personally done quite well, and have accomplished projects I would have thought impossible without it. Good outcomes have come out of ripple -- we just need more of them. |
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so far, NO ONE can explain even one benefit of Ripple. is this a joke?
I asked you a question so I could address your concerns - the fact that you're ignoring me and just postulating the lack of benefits of Ripple suggests you have an agenda. |
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...
Merchant adoption of ripple is an irrelevant point IMHO. If a merchant were to accept XRP for G&S, MAYBE, it would be relevant. But Ripple does not aim for merchants to accept it, as these merchants are not interested in running a hawala network, Ripple needs to get the banks to do it so they can get rid
of visa and MasterCard. Ripple aims to be paypal, you can't say that paypal competes with dollar vs yuan adoption...
Merchants are interested in * Making a profit * Being a respectable member of whatever community they live in, if only for signalling purposes If Ripple leads either to new customers or existing customers to spend more money, merchants will, sooner or later, figure it out and adapt. Likewise if it becomes a cultural norm to accept Ripple for its social effects, that might lead to it too (though as someone who's put a lot of work into making Ripple work in my community, it's more likely that the former would apply before the latter) |
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...A financially strong person don't need to borrow money, nor lending money, so the concept of IOU only attract those financially weak person...
That is way too simplified of an account of human behaviour and nature. "Financially strong" people are part of communities, have families and friends, invest in long term projects, engage in international and soon interstellar trade involving risky ventures. "Financially weak" people get stuck in unemployment, dead end jobs, and so on. Each individual has a different risk tolerance, different incentives affecting them, and often enough different terminal goals. Sure you can use ripple to allocate IOUs, but it can also be used to deal with tips, investment projects, insurance, and a bunch of other stuff we don't really have terms for. With the possible exception of some extremely paranoid libertarian millionaires, no man is an island and no one doesn't rely on their community or state for something or other. "Financial weakness" framed so is pretty much universal -- and so the point is to be stronger by working together on a higher order level. |
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As you can read here it is only final beta release with final release expected on 17/04/2014. Just give them some more time and I am sure they will include it their packages. Yeah, and as part of that they froze which packages are included a few days ago, meaning bitcoin-qt did not make the cut somehow. |
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Not shure about ubuntu, but perhaps you need to add a 3rd party repository ?
This was not the case -- bitcoin-qt had been part of ubuntu for the past 2 major releases. It's possible this has changed but I haven't heard anything of it. |
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I know how you feel but your post was unhelpful, NWO. Bitcoiners are a natural ally to the Ripple ecosystem, though and we can't forget that.
Sure, but judging by some of the juvenile responses on this thread, I think many of the critics are just kids. Then the better response is to treat them with respect, but sternly. It's better to deal with a child as an adult than to stoop to childish memes in response. |
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Ripple user group mailing list, early 2009. We were looking for a solution to a lot of problems in making a p2p money system...so our finding out about bitcoin was inevitable. If I could shake the guy's hand who sent that email to the list, I would, as that one email changed my life dramatically.
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Every time I read bitcoiners trying to understand Ripple ...
Sick of seeing these debates.
I know how you feel but your post was unhelpful, NWO. Bitcoiners are a natural ally to the Ripple ecosystem, though and we can't forget that. |
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only purpose of ripple: make it easier to buy BTC without BTC-fiat exchanges hehehehe  Actually it has many uses, including the ability to bootstraps communities out of autarky. |
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FYI, Trader Steve sells Bitcoin watches.
I bought the first one and have my ownership inscribed in the blockchain.
...so does overstock.com |
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No one forces you to use gateways. They are just nodes like every other node on the network. Considering Ripple as not p2p because there are nodes that get more users than others is nonsense, including any Ripple Labs marketing telling you otherwise. |
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In order to support exchange functionality between Ripple currencies and real-world currencies, Ripple needs the a non-revolving credit line, but it doesn't have one. Nobody is going to be able to implement a successful P2P currency exchange on Ripple, because of this infinite inflation feature.
How is this different from Mt Gox or Bitstamp? By that reasoning they couldn't exist, but they do. Are Mt Gox or Bitstamp P2P currency exchanges? Since bitstamp is on the ripple network and uses ripple to allow people to both fund and withdraw funds (at least for verified users...) |
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**************************************************************************************** * I wasn't sure if my n00b status would let me post; as I'm in the clear, I'll continue **************************************************************************************** I will never remit money. I live in the US, and my family isn't looking to me to send them money. But, that doesn't mean this topic isn't central to some core hurdles BTC still must pass over. I deeply believe in the power of Bitcoin, and want to contribute-- here is one beginning of that effort (beyond trading/investing). I'm building on comments above, thoughts and other reading. As is obvious and has been said, a solid remittance mobile platform could lead the way to widespread BTC adoption and solve a major problem for those whose primary possession is an outdated mobile phone (or even just access to one). Perhaps the best way to slice the problem is to consider two parties: the end user, lets imagine them a family with at least one member who works in another country, and the means to give/take cash on each end of their expensive remittance problem. Let's also imagine that a centralized solution is undesirable. The first thing that comes to mind is a mobile app whose primary function is as a decentralized PersonWithCash? finder to put our family, how about we call them the Santos' (most common Filipino surname), in direct contact with said person, lets call her a Maker. The Maker (who knows about BTC and is willing to make house calls for ca$h ) wants to get in or out of BTC, wants to deal in cash, and is geo-physically near enough to the Santos to meetup. So, if a mobile app were developed, what else would it need? Presumably a calculator and fee method to determine a fair price for the Santos family and the Maker. Neither one wants to get ripped off, and they probably don't want to haggle too much (although haggling is a part of most exchanges). Also, by dividing the goals of each party with their solution, each gets what they want, cash or remittance (now), and access to the BTC market as a means to acquire wealth/perform a business function beyond Mt.Gox or other platform (for whatever reason).* What problems are obvious so far? Regarding mobile, it just seems much more obvious a starting place than a web app, given the root problem and the infrastructure in place. In terms of goals/directions, a mobile app that builds a group of families who want to remit at a more fair price and simultaneously builds a parallel group who will exchange cash for BTC (and vice versa) seems a complementary path. How could the Maker group and that part of the solution further develop the business functions or community or decentralization of BTC? If anyone is interested, I would gladly like to participate with them. What else? *[It's worth the footnote that BTC must have solutions that understand the critical nature of cash, and work *with* it. This is not to sidestep legality, or taxes, or any of those deeply real concerns-- but there is and always will be a cash component of every local economy. Let's work, as the BTC community, to build solutions to that end. Anyone ever been a waitress? How about a handyman? A small business owner? A tutor? Then you know the value of cash as part of your means of survival. Ignore for a moment the Ross Ulbrichts of the world, and think small-- then we can really think big!] Most if not all of the hard work you described is more or less done - Ripple is ready to be used in just this fashion. |
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Being trying to use XRP platform, a fraction of volume fails 5 times to execute a transaction says offline now this is pretty poor for a system that's supposed to handle large volume your new life of pause  do you blame bitcoin when mtgox is slow? I would if they converted my BTC into another currency at random. this can only happen if you make it possible. |
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Being trying to use XRP platform, a fraction of volume fails 5 times to execute a transaction says offline now this is pretty poor for a system that's supposed to handle large volume your new life of pause do you blame bitcoin when mtgox is slow? |
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What apology do I owe opencoin and the entire ripple economy?
Have you even read ripplescam.org?
Have you ever spend at least an hour exploring Ripple? As said earlier, it would be awesome if your Ripple retards move elsewhere and thus stop infesting this nice forum with Ripple bullshits. one of ripples earliest use cases was its ability to facilitate the exchange of bitcoin and there remains an overlap between our two communites. It is a big deal when a trusted member of this forum dedicates so much btc time and effort into attempting to slander an open source project of such immense importance and utility to the bitcoin community also. |
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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_policieshttps://ripple.com/wiki/Transit_FeesA 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: Restricted issuance of IOUs
The gateway may restrict the accounts to which it sends IOUs. For instance, it may limit sending to those account for which KYC requirements have been met.
Restricted holding of IOUs
The gateway may restrict hold of its IOUs to pre-approved accounts. See Authorized accounts
IOU freezing
Not implemented. The gateway may freeze an account's ability to transfer their IOUs. 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 . the network will fund them just not those particular gateways dont use those gateways and you wont have the problem. |
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