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Zawamiya (OP)
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January 02, 2017, 11:17:55 AM |
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Ride My Car New Year Update
Greetings Riders
It has been a full year since the conception of Ride My Car, and we are very honoured to have had great support from our little community who have helped us get as far as we have today.
2017 is a new year, and the team at Ride My Car are excited to work on bringing further developments to the blockchain ridesharing space.
We're very happy that the site is seeing use from our early community members. Although we have yet to be listed on an exchange, there has been a healthy amount of users earning their Ride tokens through the site. Hopefully in the near term we'll be listed by some exchanges to allow for the trading of the tokens.
As for our next update:
The RIDE chain builds value through acting both as escrow, and at the same time a decentralised database containing vital ride meta data. The activity of each user, including their rides offered, rides taken, geo-locations, funds spent/earned, and reputation / ratings are to be stored on the chain and imprinted via OP_RETURN script code to the RIDE chain.
This process means that we are solving several real life problems.
1. Decentralised Authentication
Storing any kind of ride activity and user accumulated reputation, funds, and even account data on the chain means that there is no central attack vector. Suppose a hacker was able to breach our front end, then the hacker would still not be able to access everyone's account. In terms of security, this transfers the responsibility for security from the service provider (us) to the users (you).
This is the kind of tradeoff means that attacks are compartmentalized to individual users and the platform as a whole remains better secured.
2. Incorruptible Audit Trail
One of the most important aspects of securing RIDE metadata on chain, is the ability mathematically scrutinize the actions taken by the users which themselves serve two main purposes:
a) Record the users atomic actions for proof of activity
b) No one can impersonate you, your account, or your car.
With this audit trail in place, the public record will contain timestamped block headers for the ride ledger meaning that it becomes increasingly difficult for someone to tamper with the database or manipulate your account data.
3. RIDE value chain
The use of OP_RETURN for creating this audit trail of user activity on completion of a ride means that every single completed ride can not only be tracked on chain, and therefore could be interrogated by any 3rd party application, it also provides an inbuilt protocol for reducing the supply of the coins. This is a welcome by-product of OP_RETURN outputs being provably unspendable.
We also plan to integrate other currencies, however the RIDE chain will always be the chain that the raw meta data will be stored on. As such, a small part of each completed ride will contribute in the creation of this OP_RETURN output corresponding to that instance of a ride, and some RIDE tokens will be burnt / made provably unspendable to secure that part of the audit trail.
This as an economic protocol creates a reducing supply of liquid RIDE tokens which the burn rate will increase linearly as more users complete journey's on the platform.
Platform aside, we have begun works on a promotional video to be made that will highlight the advantages of our platform and the goal is for the video to firstly introduce users to crypto-currency, then onboard them to the ride platform with as little friction as possible.
That's all for now folks
Hope everyone had a happy new year and you're ready for more riding in 2017!
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fxmulder
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January 05, 2017, 02:37:24 PM |
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Thanks for the update. I'm really excited! I'll be hanging on to my coins !
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SuchWowz
Newbie
 Offline
Activity: 5
Merit: 0
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January 06, 2017, 12:54:03 AM |
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Hi guys, hope you had good thanksgiving and black friday!  Today is Sunday, Ride My Car is launching soon right? I am quite excited to see the platform! Please update when you can  The platform is live and it's awesome check it out at ridemycar.net |
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computerparts
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January 06, 2017, 12:56:36 AM |
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Ride My Car New Year Update
Greetings Riders
It has been a full year since the conception of Ride My Car, and we are very honoured to have had great support from our little community who have helped us get as far as we have today.
2017 is a new year, and the team at Ride My Car are excited to work on bringing further developments to the blockchain ridesharing space.
We're very happy that the site is seeing use from our early community members. Although we have yet to be listed on an exchange, there has been a healthy amount of users earning their Ride tokens through the site. Hopefully in the near term we'll be listed by some exchanges to allow for the trading of the tokens.
As for our next update:
The RIDE chain builds value through acting both as escrow, and at the same time a decentralised database containing vital ride meta data. The activity of each user, including their rides offered, rides taken, geo-locations, funds spent/earned, and reputation / ratings are to be stored on the chain and imprinted via OP_RETURN script code to the RIDE chain.
This process means that we are solving several real life problems.
1. Decentralised Authentication
Storing any kind of ride activity and user accumulated reputation, funds, and even account data on the chain means that there is no central attack vector. Suppose a hacker was able to breach our front end, then the hacker would still not be able to access everyone's account. In terms of security, this transfers the responsibility for security from the service provider (us) to the users (you).
This is the kind of tradeoff means that attacks are compartmentalized to individual users and the platform as a whole remains better secured.
2. Incorruptible Audit Trail
One of the most important aspects of securing RIDE metadata on chain, is the ability mathematically scrutinize the actions taken by the users which themselves serve two main purposes:
a) Record the users atomic actions for proof of activity
b) No one can impersonate you, your account, or your car.
With this audit trail in place, the public record will contain timestamped block headers for the ride ledger meaning that it becomes increasingly difficult for someone to tamper with the database or manipulate your account data.
3. RIDE value chain
The use of OP_RETURN for creating this audit trail of user activity on completion of a ride means that every single completed ride can not only be tracked on chain, and therefore could be interrogated by any 3rd party application, it also provides an inbuilt protocol for reducing the supply of the coins. This is a welcome by-product of OP_RETURN outputs being provably unspendable.
We also plan to integrate other currencies, however the RIDE chain will always be the chain that the raw meta data will be stored on. As such, a small part of each completed ride will contribute in the creation of this OP_RETURN output corresponding to that instance of a ride, and some RIDE tokens will be burnt / made provably unspendable to secure that part of the audit trail.
This as an economic protocol creates a reducing supply of liquid RIDE tokens which the burn rate will increase linearly as more users complete journey's on the platform.
Platform aside, we have begun works on a promotional video to be made that will highlight the advantages of our platform and the goal is for the video to firstly introduce users to crypto-currency, then onboard them to the ride platform with as little friction as possible.
That's all for now folks
Hope everyone had a happy new year and you're ready for more riding in 2017!
Thanks for the update... op-return looks very promising. Happy New Year to all! |
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Zubilica
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January 06, 2017, 02:40:18 PM |
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Good update. I understand that this usage of the script code will have the effect of reducing the liquid supply?
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DimiZb
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January 06, 2017, 02:42:18 PM |
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Great, IMO OP is very busy with developing, anyone could tell me how much btc did dev raise? Thanks
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yuriygeorge
Sr. Member
Offline
Activity: 262
Merit: 250
I hate my family
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January 06, 2017, 09:06:33 PM |
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Seems like the Ride team is hard at work. Very impressed keep up the great work, love the expansion in to the blockchain biz! If the coin was trading somewhere it would probably be doing quite well with the constant efforts.
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SteemBit
Newbie
Offline
Activity: 7
Merit: 0
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January 07, 2017, 01:26:25 PM |
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Seems like the Ride team is hard at work. Very impressed keep up the great work, love the expansion in to the blockchain biz! If the coin was trading somewhere it would probably be doing quite well with the constant efforts.
Yeah I seriously hope this coin gets listed before they release the op_return! |
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mattjack
Full Member
Offline
Activity: 120
Merit: 100
Matt or Jack? Why not both!
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January 07, 2017, 01:29:33 PM |
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Qumiu
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January 07, 2017, 01:35:21 PM |
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well, this looks like ARC?. I watching for this, any bounty?
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hgfcjfuik
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January 07, 2017, 02:46:02 PM |
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Ill keep an eye for this coin sir
Keep up the good work!
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hyunsookmom
Sr. Member
Offline
Activity: 420
Merit: 250
Kamehameha!!!
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January 07, 2017, 06:56:52 PM |
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Ride My Car New Year Update
Greetings Riders
It has been a full year since the conception of Ride My Car, and we are very honoured to have had great support from our little community who have helped us get as far as we have today.
2017 is a new year, and the team at Ride My Car are excited to work on bringing further developments to the blockchain ridesharing space.
We're very happy that the site is seeing use from our early community members. Although we have yet to be listed on an exchange, there has been a healthy amount of users earning their Ride tokens through the site. Hopefully in the near term we'll be listed by some exchanges to allow for the trading of the tokens.
As for our next update:
The RIDE chain builds value through acting both as escrow, and at the same time a decentralised database containing vital ride meta data. The activity of each user, including their rides offered, rides taken, geo-locations, funds spent/earned, and reputation / ratings are to be stored on the chain and imprinted via OP_RETURN script code to the RIDE chain.
This process means that we are solving several real life problems.
1. Decentralised Authentication
Storing any kind of ride activity and user accumulated reputation, funds, and even account data on the chain means that there is no central attack vector. Suppose a hacker was able to breach our front end, then the hacker would still not be able to access everyone's account. In terms of security, this transfers the responsibility for security from the service provider (us) to the users (you).
This is the kind of tradeoff means that attacks are compartmentalized to individual users and the platform as a whole remains better secured.
2. Incorruptible Audit Trail
One of the most important aspects of securing RIDE metadata on chain, is the ability mathematically scrutinize the actions taken by the users which themselves serve two main purposes:
a) Record the users atomic actions for proof of activity
b) No one can impersonate you, your account, or your car.
With this audit trail in place, the public record will contain timestamped block headers for the ride ledger meaning that it becomes increasingly difficult for someone to tamper with the database or manipulate your account data.
3. RIDE value chain
The use of OP_RETURN for creating this audit trail of user activity on completion of a ride means that every single completed ride can not only be tracked on chain, and therefore could be interrogated by any 3rd party application, it also provides an inbuilt protocol for reducing the supply of the coins. This is a welcome by-product of OP_RETURN outputs being provably unspendable.
We also plan to integrate other currencies, however the RIDE chain will always be the chain that the raw meta data will be stored on. As such, a small part of each completed ride will contribute in the creation of this OP_RETURN output corresponding to that instance of a ride, and some RIDE tokens will be burnt / made provably unspendable to secure that part of the audit trail.
This as an economic protocol creates a reducing supply of liquid RIDE tokens which the burn rate will increase linearly as more users complete journey's on the platform.
Platform aside, we have begun works on a promotional video to be made that will highlight the advantages of our platform and the goal is for the video to firstly introduce users to crypto-currency, then onboard them to the ride platform with as little friction as possible.
That's all for now folks
Hope everyone had a happy new year and you're ready for more riding in 2017!
Beautiful update dev, this is really great to see. Happy New Year all! I will be looking to get engaged with things once I settle in again this week  Looks like things are getting to roll again! As for listing, lets be a little patient. Dev seems to be active and I am confident this will pick up very soon! |
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Melds
Full Member
Offline
Activity: 205
Merit: 100
Investor / Trader / Analyst
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January 10, 2017, 01:27:49 PM |
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Great update op! Excited! Anywhere we can trade these coins yet?
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dbzenhosting
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January 11, 2017, 06:22:59 AM |
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well, this looks like ARC?. I watching for this, any bounty?
As far as I'm aware, RMC are the first to come out with a MVP, they ran a crowdfund several months ago and since then have launched the beta site working rather well actually. I don't think there are any bounties but probably best to pick up some coin at the exchange when they get listed some where. |
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DrPaid
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January 16, 2017, 10:23:14 AM |
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well, this looks like ARC?. I watching for this, any bounty?
As far as I'm aware, RMC are the first to come out with a MVP, they ran a crowdfund several months ago and since then have launched the beta site working rather well actually. I don't think there are any bounties but probably best to pick up some coin at the exchange when they get listed some where. Yes exactly this. I'm keeping an eye out for exchange listing. I think this one will move pretty fast! |
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BCMan
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January 16, 2017, 04:17:29 PM |
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Welcome update. Think about the effect of having a continual burn on the supply, it is in effect making holders more valuable as the platform becomes more used. At this point I think it's probably best to hold for the long run and see where it goes.
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mattjack
Full Member
Offline
Activity: 120
Merit: 100
Matt or Jack? Why not both!
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January 17, 2017, 01:29:31 PM |
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Welcome update. Think about the effect of having a continual burn on the supply, it is in effect making holders more valuable as the platform becomes more used. At this point I think it's probably best to hold for the long run and see where it goes.
Good point... RIDE ftw!!! |
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Stan-O
Sr. Member
Offline
Activity: 267
Merit: 250
Stan the Man!
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January 19, 2017, 05:42:52 AM |
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I really like the route mapping feature that's really quite cool. You guys really need to check it out.
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mruiter
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January 22, 2017, 03:48:47 AM |
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Not sure about the technical stuff but it sounds like a decent update. Looking forward to seeing this coin on an exchange, looking to pick up a bit more. Anyone willing to sell any?
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DrPaid
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January 24, 2017, 10:14:09 AM |
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Not sure about the technical stuff but it sounds like a decent update. Looking forward to seeing this coin on an exchange, looking to pick up a bit more. Anyone willing to sell any?
A common question for early coins. Im sure listing somewhere is near. We need a newsletter lol |
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