Your link is out of dated. The "download source code" link is pointing to old location of ripple client on github. Currently it is in https://github.com/ripple/ripple-client As for ripple server, it is clearly stated on official wiki pageRippled is the server component of the Ripple network. The source code is not currently publicly available. Rippled will be open sourced soon.Early access to the source code is available to select business partners. If you are planning a Ripple based business and are interested in early access, please contact partners@ripple.comYou can't have a decentralized system without the open source code.
Right now, as wiki states, sources are provided to "select business partners", so it is decentralized. Sources will be opened to general public when beta testing is done. ripplescam.org is a piece of stinky scam itself with a lot of misleading statements. It is very funny when scammers blame somebody in scamming. |
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So that's it, holding XRP is a question of preference, you can be in the Ripple Network, do the trades and NEVER hold XRP if you don't like that.
You do need to keep small reserve per wallet actually. This is where XRP value comes from. |
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other than lying about being open source and decentralized
Proof? |
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They (Ripple | Open Coin) also have kept most of these coins and have abandoned mining (proof of work) without any similar alternative (proof of stake) in favor of central control. The absence of an alternative solution to this problem means for me is a red flag. It looks like a hierarchy of control due to the centralized aspect..
https://ripple.com/wiki/Consensus |
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This game is great!
Why bother with mining if you can invest into gambling and make profit instantly?
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Like I said we already have a distributed exchange where i can trust different entities.
See Trust: 19: -0 / +23(23)
You mean bitcointalk.org? LMAO 1. It is not distributed. 2. It is not an exchange (it is a forum). 3. You can not trust anybody here, since it is full of scammers. |
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No one cant tell you how it works because it doesn't. i think it boils down to a trust network.
It works, very simple way. Currently very unstable though. Just try it, it does not cost too much. |
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You just need to offer your services to Ripple community, because every Rippler can make a direct payment to any bitcoin address from his Ripple wallet via something called "Bitcoin Bridge". Basically, every Rippler is actually Bitcoiner too  Just what we need, a centralized interception of Bitcoin transactions too. Was Ripple designed by the NSA? We totally agree. http://www.keeptalkinggreece.com/wp-content/uploads/2011/09/tin-foil-hat.jpg?f9d891 |
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I think there are too many ripples to be ever profitable
Profitable for whom? OpenCoin still owns 90%+ of all the coins created. Even with modest success they stand to make tens of millions of dollars. To make tens of millions of dollars they need to attract tens of millions of users. This will not be so easy. Um that would assume each user only buy $1 worth of Ripple? How about sell $100 to 100,000 users? or $1,000 to 10,000 users? or $10,000 to 1,000 suckers? You need a fraction of $ worth of XRP to run a ripple wallet. Suckers may buy whatever they want, even bitcoins. |
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I think there are too many ripples to be ever profitable
Profitable for whom? OpenCoin still owns 90%+ of all the coins created. Even with modest success they stand to make tens of millions of dollars. To make tens of millions of dollars they need to attract tens of millions of users. This will not be so easy. |
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I don't have to use MtGox to use Bitcoin.
Only in theory. Bitcoin is damn cool and damn useless without currency exchange. By MtGox I mean any centralized exchange. |
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Hundred different groups have rippled sources. What is a problem with bugfixes, improvements and enhancements? No they don't. The ripple server (rippled) is released as binary only. Nobody has a copy of the source code except OpenCoin, Inc. Even if someone did it would be no different than stealing source code from Microsoft. It continues to remain the property of the owner and that owner could seek legal action against those who fraudulently use, modify, or distribute it. If OpenCoin went bankrupt before releasing the source code under an open source license the assets of OpenCoin could be bought by another company say PayPal for the sole purpose of killing the project. Rippled is the server component of the Ripple network. The source code is not currently publicly available. Rippled will be open sourced soon. Early access to the source code is available to select business partners. If you are planning a Ripple based business and are interested in early access, please contact partners@ripple.comYou can talk to people who have rippled source code on ripple forum. |
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With no bugfixes, improvements, enhancements ever? No the network wouldn't insta-die but imagine Satoshi had kept Bitcoin closed source and then disapeared. Do you think Bitcoin would have flourished?
Hundred different groups have rippled sources. What is a problem with bugfixes, improvements and enhancements? |
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Beta doesn't magically make it open source. Bitcoin is considered an open-beta and the source code is available. Imagine that. Microsoft Windows 8.1 Preview ( http://windows.microsoft.com/en-us/windows-8/preview) Closed Source, Beta Bitcoin Open Source, Beta Ripple Closed Source, Beta MtGox Closed Source, Not Beta MWHAHAHAHA! |
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If OpenCoin (and the source code dispaeared) tomorrow you really think the Ripple network could survive? What someone is going to reverse engineer the server software? At best that would be an incompatible hard fork. The existing network operates solely at the will of OpenCoin. Period.
What will stop those who are running servers now continue to do it? |
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By your "logic" if they NEVER release the source code then it can never be closed source.
Dont juggle mister. Closed source software is one which is released under closed license. |
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Permission which can be revoked at any point in the future for any reason.
By the way, how do you plan to revoke sources from 100 of groups which have them now? Simple. Release a new version which drops connections from servers older than prior version. Revoke access to the proprietary closed source binary to those you no longer want to run the server. You are talking crap here. It is essential for ripple network to have many servers running by different groups. Whatever OpenCoin does, this will not stop those who have server codes continue running their servers. Even if OpenCoin disappear immediately after ripple release, the network will continue to run until somebody is running servers. |
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the network has been released to the public
It clearly states "beta" on ripple web page. Not closed source either. Say 10 years have passed and the source code hasn't been made available "yet". If it will not be released within several month, no matter closed or open source, it will die. |
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Permission which can be revoked at any point in the future for any reason.
By the way, how do you plan to revoke sources from 100 of groups which have them now? |
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