The real kick-off for the Ripple network Bloomberg/financeyahoo articles

[mah87]

http://www.informationweek.com/ripple-digital-currency-challenges-bitco/240162140
http://www.finextra.com/News/Announcement.aspx?pressreleaseid=52078&topic=payments
http://finance.yahoo.com/news/ripple-u-network-makes-sending-120400155.html
http://www.bloomberg.com/news/2013-10-07/ripple-takes-on-western-union-with-deal-to-grow-payments.html

[Come-from-Beyond]

http://www.informationweek.com/ripple-digital-currency-challenges-bitco/240162140
http://www.finextra.com/News/Announcement.aspx?pressreleaseid=52078&topic=payments
http://finance.yahoo.com/news/ripple-u-network-makes-sending-120400155.html
http://www.bloomberg.com/news/2013-10-07/ripple-takes-on-western-union-with-deal-to-grow-payments.html

I like this show. Ripple is a trojan horse, let's wait when it becomes adopted by Wall Street guys and then crash the whole financial world when some geek guys decide to exploit its flawed consensus logic.

[MAbtc]

Hmmm. Well, I guess we'll see over the next few months if this gets adopted.... certainly seems to be strong potential for access/adoption (for US people anyway). Not sure how this will work in practice, though.

[Come-from-Beyond]

Hmmm. Well, I guess we'll see over the next few months if this gets adopted.... certainly seems to be strong potential for access/adoption (for US people anyway). Not sure how this will work in practice, though.

Unlike Bitcoin, Ripple is centralized and easily regulated. US govt. will definitely support its adoption.

[scarsbergholden]

Hmmm. Well, I guess we'll see over the next few months if this gets adopted.... certainly seems to be strong potential for access/adoption (for US people anyway). Not sure how this will work in practice, though.

Unlike Bitcoin, Ripple is centralized and easily regulated. US govt. will definitely support its adoption.

hehe i just want to make some dough speculating on xrp -- not too worried about that. i mean, not thinking too long term about it. 

bitcoin is where it's at, for sure!! 

[mah87]

Hmmm. Well, I guess we'll see over the next few months if this gets adopted.... certainly seems to be strong potential for access/adoption (for US people anyway). Not sure how this will work in practice, though.

Unlike Bitcoin, Ripple is centralized and easily regulated. US govt. will definitely support its adoption.

Ripple is not centralized.

[wasserman99]

Hmmm. Well, I guess we'll see over the next few months if this gets adopted.... certainly seems to be strong potential for access/adoption (for US people anyway). Not sure how this will work in practice, though.

Unlike Bitcoin, Ripple is centralized and easily regulated. US govt. will definitely support its adoption.

Ripple is not centralized.

i think the argument goes that ripple is "distributed" at best -- not "decentralized". whether it is "centralized" is sort of another question -- i think most people are simply saying it is not decentralized.

[mah87]

Hmmm. Well, I guess we'll see over the next few months if this gets adopted.... certainly seems to be strong potential for access/adoption (for US people anyway). Not sure how this will work in practice, though.

Unlike Bitcoin, Ripple is centralized and easily regulated. US govt. will definitely support its adoption.

Ripple is not centralized.

i think the argument goes that ripple is "distributed" at best -- not "decentralized". whether it is "centralized" is sort of another question -- i think most people are simply saying it is not decentralized.

Anyone can setup rippled and set up a validator. Saying it's centralized is an flawed argument from 2cents libertarian shithead...

[Come-from-Beyond]

Unlike Bitcoin, Ripple is centralized and easily regulated. US govt. will definitely support its adoption.

Ripple is not centralized.

Look at this explanation:

Using my (overly simplified) agreement room analogy, it works like this:

1) There's a room where everyone agrees on the last closed ledger.

2) If you want to disagree, you can, but you must leave the room to do so.

3) If you want to know what the current ledger is, you walk in and ask everyone in the room.

4) If you want to perform a transaction, you read it out loud. Everyone honest agrees that it's valid.

5) If there are any transactions that someone in the room believes is valid and is not in the current ledger, they attempt to obtain a consensus on that transaction.

6) When a consensus is reach, the consensus transactions are applied to the last closed ledger forming a new last closed ledger.

7) Everyone agrees on the new last closed ledger.

8 ) We go back to step 5. Any transactions believed still valid but that didn't get into the consensus transaction set for some reason should now be voted in by every honest person.

9) If people appear to be acting in ways that don't make sense, such as voting no on transactions that have no reason not to be included or failing to validate the correct ledger, you ignore them.

10) Your top priority is to enforce the rules of the room. Your second priority is to achieve consensus.

Point #2 says it's centralized. The room is a distributed center.

[mah87]

Unlike Bitcoin, Ripple is centralized and easily regulated. US govt. will definitely support its adoption.

Ripple is not centralized.

Look at this explanation:

Using my (overly simplified) agreement room analogy, it works like this:

1) There's a room where everyone agrees on the last closed ledger.

2) If you want to disagree, you can, but you must leave the room to do so.

3) If you want to know what the current ledger is, you walk in and ask everyone in the room.

4) If you want to perform a transaction, you read it out loud. Everyone honest agrees that it's valid.

5) If there are any transactions that someone in the room believes is valid and is not in the current ledger, they attempt to obtain a consensus on that transaction.

6) When a consensus is reach, the consensus transactions are applied to the last closed ledger forming a new last closed ledger.

7) Everyone agrees on the new last closed ledger.

8 ) We go back to step 5. Any transactions believed still valid but that didn't get into the consensus transaction set for some reason should now be voted in by every honest person.

9) If people appear to be acting in ways that don't make sense, such as voting no on transactions that have no reason not to be included or failing to validate the correct ledger, you ignore them.

10) Your top priority is to enforce the rules of the room. Your second priority is to achieve consensus.

Point #2 says it's centralized. The room is a distributed center.

Point #2 says it's centralized. The room is a distributed center.

[Come-from-Beyond]

Point #2 says it's centralized. The room is a distributed center.

Obviously we won't come to a consensus.

[mah87]

Point #2 says it's centralized. The room is a distributed center.

Obviously we won't come to a consensus.

Nope. Keep working on your bitcoin fork.. who knows it may appears on cryptsy :p

[Come-from-Beyond]

Nope. Keep working on your bitcoin fork.. who knows it may appears on cryptsy :p

Good idea, thx for the advice.

To the others: Bitcoin consensus logic based on math, Ripple's based on "trust to not collude to defraud us". See the difference?

[mah87]

Nope. Keep working on your bitcoin fork.. who knows it may appears on cryptsy :p

Good idea, thx for the advice.

To the others: Bitcoin consensus logic based on math, Ripple's based on "trust to not collude to defraud us". See the difference?

yeah sure ... blablabla... ripple is evil. We'll talk about it when you'll use it next year to send money through your country

[QuantPlus]

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz...

[mah87]

zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz...

wow quantus is back... !!


We are still waiting for the apocalypse dude ! when is it coming "baby" ?? please tell us !!

[claycoins]

xrps are pretty centralized.  Ripple doesn't work with out xrps I believe so I would argue that ripple is quite centralized.