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Topic: http://ripplescam.org/ - page 4. (Read 6492 times)

newbie
Activity: 42
Merit: 0
April 27, 2013, 09:59:04 AM
Source code for the server is not released.

If you would like to contribute to RippleScam.org, send me a PM. I'm also spending a moderate amount on advertising. Send me a PM if you could help.

as a few others have suggested, why don't you add a donation button to the website.
i'm sure you'd receive plenty of support, maybe enough to cover all hosting/marketing expenses.
Coin Widget seems to work very well for that purpose.
----------------------

In my eyes, Ripple in and of itself is clearly NOT a scam.
OpenCoin? They're a whole different story.

since I discovered that they'd stuck they're hands into the VC Cookie-jar, I've lost almost all confidence that they're doing ANYTHING in the interest of bettering the community (more like exploiting it -- as many others have done -- nothing wrong with that, just own up to it -- you're in it for the MONEY).
----------------------

those that truly believe that Ripple IS a scam may want to delve a bit into the ledger using some of the available Client Tools.
They'll then be able to see for themselves just how well Ripple handles some of Bitcoin's weaknesses, namely rapid confirmations.


this seems promising; which again begs the question, "why don't you release the source already?"
what is so hard about implementing a self-contained upgrade notification system?
to make it easy-peasy, set the folder to 777 (not very safe, but...) and it becomes, "click here to upgrade to Ripple v0.2.x ... upgrade complete"
the answer is NOTHING

I strive to be fair.  I am an OpenCoin skeptic like you but let's be fair, no judgment can be fairly passed until everybody has complete access to the codebase.

The context of the situation detracts from our expectation that OpenCoin can prove their trustworthiness.  But hey, let's give them a chance to prove themselves.  Attacking them without all the facts is not productive.
full member
Activity: 211
Merit: 100
"Living the Kewl Life"
April 27, 2013, 09:53:30 AM
Source code for the server is not released.

If you would like to contribute to RippleScam.org, send me a PM. I'm also spending a moderate amount on advertising. Send me a PM if you could help.

as a few others have suggested, why don't you add a donation button to the website?
i'm sure you'd receive plenty of support, maybe enough to cover all hosting/marketing expenses.
Coin Widget seems to work very well for that purpose.
----------------------

In my eyes, Ripple in and of itself is clearly NOT a scam.
OpenCoin? They're a whole different story.

since I discovered that they'd stuck they're hands into the VC Cookie-jar, I've lost almost all confidence that they're doing ANYTHING in the interest of bettering the community (more like exploiting it -- as many others have done -- nothing wrong with that, just own up to it -- you're in it for the MONEY).
----------------------

those that truly believe that Ripple IS a scam may want to delve a bit into the ledger using some of the available Client Tools.
They'll then be able to see for themselves just how well Ripple handles some of Bitcoin's weaknesses, namely rapid confirmations.


this seems promising; which again begs the question, "why don't you release the source already?"
what is so hard about implementing a self-contained upgrade notification system?
to make it easy-peasy, set the folder to 777 (not very safe, but...) and it becomes, "click here to upgrade to Ripple v0.2.x ... upgrade complete"
the answer is NOTHING
newbie
Activity: 42
Merit: 0
April 27, 2013, 09:27:54 AM
@bitchess, there are a group of us discussing similar ideas under the concept name StableCoin <-- not a real coin. That is a site searchable term we've coined for #2 with an option of #1. You might want to introduce yourself in this thread.

https://bitcointalksearch.org/topic/stablecoin-welcome-and-introduce-yourself-179918




will do
Red
full member
Activity: 210
Merit: 115
April 27, 2013, 09:25:22 AM
@bitchess, there are a group of us discussing similar ideas under the concept name StableCoin <-- not a real coin. That is a site searchable term we've coined for #2 with an option of #1. You might want to introduce yourself in this thread.

https://bitcointalksearch.org/topic/stablecoin-welcome-and-introduce-yourself-179918


newbie
Activity: 42
Merit: 0
April 27, 2013, 08:13:52 AM
BTW the reason I store roughly no wealth in any cryptocurrency is the prevalence of the 2 issues below.

Once I am convinced both are solved.  I will store a significant portion of my liquid assets in the leading cryptocurrency.

1. replacement by a better newer cryptocurrency - there must be a formalized cutover mechanism that allows upgrades, this will allow continual improvement and avoid volatility associated with expectations of being killed by a younger sexier currency.
2. supply must allow inflation - deflationary spiral will doom any transactional economy, any cryptocurrency must either have a perpetual built in inflation mechanism, or banks need to spring up to lend the cryptocurrency
hero member
Activity: 1036
Merit: 500
April 27, 2013, 08:11:43 AM
The ability to make payments in IOUs using Ripple looks like a killer feature

What are you talking about? Making a payment IS NOT and NEVER WILL BE sending someone an IOU.

Making a payment is giving someone something of value. If you want to make an electronic payment, just send Bitcoins.

Sending Bitcoins is anonymous, fast, free and doesnt require a 3rd party corporation, XRPs, or any fees or IOUs.

Sending someone an IOU when they request a payment is pretty much the financial equivalent of trolling.

If you cant pay me NOW, put it on your freaking Amex or Visa card.

Credit Card companies understand how debt works, thats why you pay INTEREST on your LOAN.

Im NOT in the interest free credit business and very few people want to be, because it has a negative expected value.

http://en.wikipedia.org/wiki/Expected_value
newbie
Activity: 42
Merit: 0
April 27, 2013, 07:55:40 AM
Source code for the server is not released.

If you would like to contribute to RippleScam.org, send me a PM. I'm also spending a moderate amount on advertising. Send me a PM if you could help.

I actually don't have as strong of a negative view as you.  I don't care if Ripple can be successful.  I just think they should be mindful of the competitive cryptocurrency issue which plagues the entire market.  And they are increasing the prevalence of the issue.
newbie
Activity: 42
Merit: 0
April 27, 2013, 07:53:30 AM
#99

so can you summarize how looking at the client code, you can ascertain that there is provably no way the server code cannot control overall functionality?
vip
Activity: 1316
Merit: 1043
👻
April 27, 2013, 07:36:49 AM
#98
Source code for the server is not released.

If you would like to contribute to RippleScam.org, send me a PM. I'm also spending a moderate amount on advertising. Send me a PM if you could help.
Red
full member
Activity: 210
Merit: 115
newbie
Activity: 42
Merit: 0
April 27, 2013, 07:31:49 AM
#96
To elaborate, Opencoin could simply just require some pre authentication to a central server.  If they wanted to be surreptitious about it since being open about it would be "stupid" they would try to hide it in the code.

Do you write code?

When you run a Ripple peer, every transaction gets copied to your machine just like running a bitcoin peer. If you have the code, and the data. You have total control. Unless the data is somehow encrypted by your secret server. But that would be detected as soon as someone ran their own Ripple peer.

What you are suspicious of, technically, cannot be done. Unless you are presuming that Ripple will never decentralize their system. (Ripple will own EVERY node)

In that case this conversation is pointless.


Do you have all the source code now?  Pls forward me the link
Red
full member
Activity: 210
Merit: 115
April 27, 2013, 07:25:58 AM
#95
To elaborate, Opencoin could simply just require some pre authentication to a central server.  If they wanted to be surreptitious about it since being open about it would be "stupid" they would try to hide it in the code.

Do you write code?

When you run a Ripple peer, every transaction gets copied to your machine just like running a bitcoin peer. If you have the code, and the data. You have total control. Unless the data is somehow encrypted by your secret server. But that would be detected as soon as someone ran their own Ripple peer.

What you are suspicious of, technically, cannot be done. Unless you are presuming that Ripple will never decentralize their system. (Ripple will own EVERY node)

In that case this conversation is pointless.
newbie
Activity: 42
Merit: 0
April 27, 2013, 07:08:16 AM
#94
Red
full member
Activity: 210
Merit: 115
April 27, 2013, 06:58:41 AM
#93
The key response I was hoping to get was, how OpenCoin proves in their protocol that they have no control over the network once switched on?

Oh! That question. Give me a minute. And I will respond directly.

The concise answer is: it is impossible to maintain control through the code, when someone else possesses physical control of their own code. They could write some kill switch into the original code. Source code hackers could just comment it out and re-compile.

You can only maintain a "kill-switch" kind of feature if your product is closed source. There is not a chance in hell that Ripple would take that chance.

HOWEVER, my explanation requires a non-concise story...
newbie
Activity: 42
Merit: 0
April 27, 2013, 06:48:13 AM
#92
The key response I was hoping to get was, how OpenCoin proves in their protocol that they have no control over the network once switched on?  You came back with a lot of sentences talking about converting with fiat which I found to be unrelated to the original question.

Oh! That question. Give me a minute. And I will respond directly.

Edit: My response will probably cause more controversy than the OP.

Don't stress about it.  By definition, you probably cannot answer it undeniably until they release the code.  If you can that would be interesting and controvertial (as you suggest.)
Red
full member
Activity: 210
Merit: 115
April 27, 2013, 06:28:56 AM
#91
The key response I was hoping to get was, how OpenCoin proves in their protocol that they have no control over the network once switched on?  You came back with a lot of sentences talking about converting with fiat which I found to be unrelated to the original question.

Oh! That question. Give me a minute. And I will respond directly.

Edit: My response will probably cause more controversy than the OP.
Red
full member
Activity: 210
Merit: 115
April 27, 2013, 06:25:57 AM
#90
FATAL ERROR! I didn't mean to slander Liberty Reserve. I meant to reference Liberty Dollar! I
edited the post above to correct my mistake. My apologies to everyone at Liberty Reserve.

http://www.nytimes.com/2012/10/25/us/liberty-dollar-creator-awaits-his-fate-behind-bars.html?pagewanted=all&_r=0
newbie
Activity: 42
Merit: 0
April 27, 2013, 06:21:46 AM
#89
Sorry this is not concise, Joel did better Smiley

In fact I find your response really hand-wavy and untrustworthy

Such is life.

But let me point out that you should find my, a random stranger's, opinion less trustworthy than a founder of Ripple's opinion.

I really can't be offended by that.

I judged you based on the content of your post nothing else.  Trust me (and trust your own logic) that you have an advantage vs. Opencoin employee in terms of default trust.

Sorry, to elaborate, I was hoping you would back up your statement that you've researched the ripple protocols to the extent that it is better than bitcoin in every regard.  The key response I was hoping to get was, how OpenCoin proves in their protocol that they have no control over the network once switched on?  You came back with a lot of sentences talking about converting with fiat which I found to be unrelated to the original question.
Red
full member
Activity: 210
Merit: 115
April 27, 2013, 06:19:09 AM
#88
Sorry this is not concise, Joel did better Smiley

In fact I find your response really hand-wavy and untrustworthy

Such is life.

But let me point out that you should find my, a random stranger's, opinion less trustworthy than a founder of Ripple's opinion.

I really can't be offended by that.
newbie
Activity: 42
Merit: 0
April 27, 2013, 06:05:34 AM
#87
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