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I'm sorry, Google, Facebook and Yahoo must be obscure! So is bittorrent! Yet I don't have to pay tokens to Google something..
The simple fact is that there is very very little cost in Ripple transactions. XRPs were introduced for business reasons.
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XRP are needed for two things, to block/avoid spam attack on the network, and to connect different islands of users (xrp are the only trustless currency on the system)
They don't need to be premined. NWO, start a new self moderated topic. |
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I suggest giving RippleScam.org a read. Plenty of ripple shills here want you to buy their retirement homes.
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Can't wait for someone to fork it, get rid of XRP (and make it something cheap to mine, like namecoins; it only needs to be an anti-spam), and have it truly community operated!
You'd need to remove the UNL aspects too to make it decentralized. Mining can work without high orphans and a 10s/ledger system - each PoW hit entitles you to the next ledger updates until another PoW hit for example which are not tied to ledger updates, with the reward distributed among the next ledgers to disincentize stalling. Video game engine analogy: 60 FPS rendering, 20 FPS physics engine. |
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The bridge comment was in response to shakezola.
Of course you'll have at least an indirect connection to opencoin, as they ran the main ledger until now. If you put only third party nodes there, you'll still end up on the main one, just like with bitcoin where everyone ends up on satoshi's chain.
No. If you only put third party ones in, and the third party ones do not add OpenCoin, you will end up with a diff ledger when someone tries a double spend - broadcasting one to Open coin and one to your 3rd party validators. |
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Perhaps one of the many Ripple Labs employees who posted in this thread could rebute something I said on RippleScam.org? Their silence is revealing.
Mah87, what is one of the "lies" on RippleScam? It is up to you to prove I am lying, not the other way around. This is basic stuff.
Also, remember when I corrected Joel Katz on Ripple?
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I'm digging thru the code trying to get what it is about. It will take a lot of time to get understanding of the sources without a good manual. Is there any btw?
Unfortunately there is no definitive "programmer's manual" that explains the operation of the program, but if you post in the Ripple Development forum with your question I will do my best to try to answer. For comparison, Satoshi included a Genesis block generator in the code with comments. Wow. Reading this thread was like watching Gladiator. Trade just tore right through them. Thanks for the morning coffee entertainment.
You're welcome, those with logical thinking capacities have quite different reactions to Ripple compared to the "get rich quick, pump and dump" folks. |
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Suggestion: Delete this thread and drop the idea. It's useless and only makes bitcointalk look even more like a joke. It was bad enough to snap the ripplelab-domains and start trying to sell them.
Want a little more info about my suggestion?
... Sure but first tell me how you would distribute the stamps used to make spamming the network harder/expensive. Actually there's one alternative way - that is to give people these stamps depending on their bitcoin stashes - but that's not very good after all.
Are you aware that network spamming was never a problem with the classic ripple pay? Do you understand that the network would be spammed without some kind of fees to pay? Then why has it never happened for ripplepay? Why am I not paying a fee to download or upload Ubuntu ISO? Why am I not paying a fee to access this page and submit a post? Transaction fees exist in BTC to provide an incentive for mining. It is not needed in Ripple. It was added to create an artificial demand for XRPs. |
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Suggestion: Delete this thread and drop the idea. It's useless and only makes bitcointalk look even more like a joke. It was bad enough to snap the ripplelab-domains and start trying to sell them.
Want a little more info about my suggestion?
... Sure but first tell me how you would distribute the stamps used to make spamming the network harder/expensive. Actually there's one alternative way - that is to give people these stamps depending on their bitcoin stashes - but that's not very good after all.
Are you aware that network spamming was never a problem with the classic ripple pay? |
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Saying everyone can choose the validators that they like best is a misleading claim. If you don't choose OpenCoin in your UNL, you will not get the same transactions as any other ripple user. This point is elaborated in more detail in RippleScam.org
This is completely wrong and you would see that if you would actually run a rippled. To convert XRP to BTC one actually just needs to use the Bitstamp bridge - just send money to a BTC address from within the official client and it will automatically trade on the Ripple market and send it on the Blockchain for you. I do not know if Bitstamp will stop this in the future for AML reasons, though there is the chance that others might provide similar services. If you don't have ripple UNLs (direct or indirect) you will get different ledgers. When did I talk about Ripple bridges? Also keep in mind bitstamp is hard coded in the ripple web client. |
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You should talk to this guy: https://bitcointalk.org/index.php?topic=288152.0He fits your profile of an expert developer who has a great idea and needs a few million dollars from a ponzi to fund his world-changing project. I'm sure you could work with him and find some mid-30's housewives with children looking for extra income to invest in the GBBG family. I suggest getting in touch with Mr Trenton Shavers. |
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I think the community owes TradeFortress a thank you and a hug for the good he's done spreading the truth.
Thank you! *Hug*
Thanks  |
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2: It's just word. In a months' time, BTCINVEST's NAV have dropped from 0.33 to 0.23, a 43% in decline. About the risk hedging part, would you be able to further explain the meaining of this sentence? (Would be better if replied with English)
I'll answer in English BTCINVEST takes on more risk relatively. BTCINVEST started off as 0.1. When you look at it from when we started, BTCINVEST has grown 270%+ including dividends. CoinLenders has also exercised a private PUT option on 100 ASICMINER shares for 3 BTC each. |
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Some events happened last week, that have forced us to make a decision to go out of business. A lot of issues compounded to press us to do this. The failure of the Klondike project was one. Chase, our bank, shut down our accounts. Also the delay in the shipment of the chips has resulted in a lot of customers asking for refund. We already owe a lot of money to PayPal, and with all the refund requests, it is impossible for us to continue our operation profitably. So we have decided to dissolve the company.
We are going to ask for a refund from Yifu. As soon as we get a refund from him, we will start refunding all the orders. We will be able to refund about 50% of every order with this amount. We are trying to get our money out of Chase, which will help us refund another ~5% of each order. We are trying to return as many components as we can, and as soon as we get more money back, we will send additional pro-rated payments to each order.
Once we get a refund from Yifu, we will be sending an email to everyone asking for a current Bitcoin address where to send the payments.
Why only 50% refund? Did you develop asics chips? No! SO where did the money go ? Salaries. |
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OTR is quite good. GPG is tried and tested. Also look in Tox (under development).
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OTR is quite good. Also look in Tox (under development).
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Pretty funny because for a while I was responsible for the majority of Bitstamp XRP volume.
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Watching TF struggle over the upcoming months will be the most entertaining thing on this forum since Pirate and Matthew. In regards to your smear campaign, good luck getting ROI on that one, you dun goofed! (I dare you to pay another year of google adwords for ripplescam.  ) That's funny, because ripple scam project was never for profit. There's no ROI to achieve. If you only talk to the tiny amount of Ripple shills, of course you'll think I'm struggling. But take a look here https://bitcointalk.org/index.php?topic=301778.0 FYI, my AdWords campaign for RippleScam is still running. I've tuned it so I pay less than a cent per impression of ripplescam.org |
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Problem is that all of you who don't like Ripple have very old arguments based on speculation, rumors or things that were a problem long time ago, but are solved and are not a problem anymore. Things changed... You all started learning about Ripple and then stopped 6 months ago, there are a lot of new things and solutions for common problems. For example, it's obvious that you don't understand how Ripple works when you call it "financialized debt scam", you probably have knowledge about Ripple that is old at least 6 months. You must explore what is new and then talk about Ripple.
Coming from someone who has made at least a dozen material representations promoting ripple. Do you have any specific "old arguments based on speculation?" No? |
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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. Unfortunately ripple.com/forum only has 7 users online, I can count more Ripple shills online right now. Seems like they're not really interested in Ripple other than pumping XRP to Bitcoiners. |
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