We created a new Ripple Currency: The Favor (FAV)

[herzmeister]

'From each according to his ability, to each according to his need' works with the FAV but not with the HRS.

I'm just not sure if a Ripple-like system is best suited for this.

exactly, you don't need Ripple for Marxism. Either you don't need anything, no currency, no Ripple, if people share everything voluntarily, or, if less voluntary, you need a strong central planning software. 

[Timo Y]

'From each according to his ability, to each according to his need' works with the FAV but not with the HRS.

I'm just not sure if a Ripple-like system is best suited for this.

exactly, you don't need Ripple for Marxism. Either you don't need anything, no currency, no Ripple, if people share everything voluntarily, or, if less voluntary, you need a strong central planning software. 

The fact is, commerce is not the only kind of transaction that happens between human beings.  Just because you engage in non-commerce transactions doesn't mean you are a Marxist.

[Beepbop]

One of the reasons that Marxism fails is that it expects people not just be kind to people they don't know or like, but to work their asses off for them.

If you spend 1 hour mowing the lawn for your 90-year-old grandmother, you would not expect her to do the same in return. You would be happy if she made you a cup of tea in return, as would your social circle.

Yeah, that's how I'd see it work too. I don't know why you put the Marxist quote in there to ruin it.  

[herzmeister]

The fact is, commerce is not the only kind of transaction that happens between human beings.  Just because you engage in non-commerce transactions doesn't mean you are a Marxist.

yup, you just mow the lawn for granny for free, without any recorded FAVs, besides your day job.

[molecular]

The fact is, commerce is not the only kind of transaction that happens between human beings.  Just because you engage in non-commerce transactions doesn't mean you are a Marxist.

yup, you just mow the lawn for granny for free, without any recorded FAVs, besides your day job.

Thing is: you probably do favors to people on the net. I'm not saying you should get anything in return, but passing around some FAV can be an incentive, because your niceness becomes publicly displayable. Just as when people observe you mowing grandmas lawn.

I'm not saying people should brag: "look at the amount of FAV I collected"). But don't you think it would be an incentive? People collect all kinds of things (reputation on stackexchange or whatever) and feel proud about it, even just for themselves.

[sron]

I guess this project is down but I listed the XFV in my spreadsheet of new Ripple currencies and contracts anyway (check signature).

[molecular]

I guess this project is down but I listed the XFV in my spreadsheet of new Ripple currencies and contracts anyway (check signature).

cool, thanks.

[jasinlee]

By the way, on 2 accounts, I was able to fudge their software into creating xrp from thin air. Nothing traded, 1 of the times it was in making fake orders at bitstamps system. Yeah this should not be used outside of a test environment yet.

[dchapes]

By the way, on 2 accounts, I was able to fudge their software into creating xrp from thin air. Nothing traded, 1 of the times it was in making fake orders at bitstamps system. Yeah this should not be used outside of a test environment yet.

If true, collect your reward: https://ripple.com/bug-bounty/

[TiagoTiago]

IMO a centralized FAV with transferable "own you one"ship doesn't make sense (see the post by moocowpong1 for an example of an issue). Each individual and/or organization should be issuing their own FAVs whenever someone does them a favor, and those FAVs can only be "cashed out" by having the original issuer do you a favor. So in that example by moocowpong1, he does end up getting a POTUS-FAV, and Joe's balance of POTUS-FAVs remain unchanged after the transaction. The only way Joe could have a POTUS-FAV would be if either the president own him a favor directly, or if Joe buys a POTUS-FAV from someone else.

[painintheneck]

and: FUCK, I'm already indebted

lol @ -1 fav's!

that's a louis CK joke I think

[TiagoTiago]

That is exactly how it is supposed to work, you own 1 favor to whoever got 1 positive FAV...

[painintheneck]

That is exactly how it is supposed to work, you own 1 favor to whoever got 1 positive FAV...

I'm so poor, I'm negative favors!

[molecular]

That is exactly how it is supposed to work, you own 1 favor to whoever got 1 positive FAV...

I'm so poor, I'm negative favors!

My name is Earl...