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Topic: I'm researching Ripple. Join Villages.cc, and I'll pay you 0.2 Bitcoin [more] (Read 3475 times)

member
Activity: 64
Merit: 10
Guys I think you should look at https://ripplepay.com/

I've also just started investigating this, and found the above. This allows you to create a profile and link to other people you know and trust, and transfer money, by hand to them.  http://www.youtube.com/watch?feature=player_embedded&v=f9KqSgRZYgg


I think this system if implemented with some of our exchange threads, like https://bitcointalksearch.org/topic/dark-exchange-a-100-decentralized-p2p-exchange-27055 or https://bitcointalksearch.org/topic/please-delete-62879 can revolutionize the way we transfer funds between each other.
legendary
Activity: 1372
Merit: 1002
Villages.cc has been developed by Ryan Fugger, like ripple. Is a simplified version where hours are the only units, without interest rates and without exchange rates (that enable charging proportional fees). You can learn more about ripple here:

http://ripple-project.org/

Simplifying a lot...
Endorsements (hearts) are the account limits. When you give me 2 hearts you're saying "I accept jtimon to owe me up to 2 hours".
Acknowledgements are the payments.
Posts are just for advertising things you can offer for hours or things you want.
Reading this should be helpful:

https://villages.cc/about/how/

About the big direct acknowledgements you're making...
Direct acknowledgements are not the norm. For example, say I have an offer "$10 in bitcoins for each hour". When you contact me to make the deal I won't accept direct acknowledgements as payment. If you pay me through a trusted acknowledgement someone I actually trust promises 1 hour to me instead of you who I don't trust. If there's no trust from me to you (through other users, transitively) you can't pay me.

So you need hearts from other to be able to pay someone. You need to give hearts to others so that someone can pay you.

I'll be happy to answer any question you have.
You can also join the ripple forum and ask there whatever you don't understand about villages or ripple.
legendary
Activity: 2940
Merit: 1090
Hmm, I don't think this thing is really actual Ripple-per-se, it seems to be a somewhat hacked up / dumbed down version of it.

For example I don't see any accounts nor ways to create accounts, nor ways to designate types of things you are crediting people with, such as BiTCoins for example

I had thought Ripple was a system whereby you could for example send me 0.2 BTC and/or trust me for up to 0.2 BTC, so that we could set up a network of credit/debit denominated in BTC. Then presumably also set up some other thing, like maybe some kind of fiat, similarly, in order to be able to do exchanges.

They might have hacked Ripple code to make this thing but I don't think it is relaly representative of Ripple.

Here is all I could find out about my "account": http://villages.cc/?u=knotwork

As it does not seem to have any way we can tell it about btcoins I guess you'd need my bitcoin address if you wanted to send me any, and would have to send them outside their system rather than simple as credit inside their system. I guess this address should be find for such uses: 1EHdHpY5K1RYjnABC4RMK3NNDDm92E8ayG

-MarkM-
legendary
Activity: 1764
Merit: 1007
been there already for a while

same user name, address in my sig  Cool
full member
Activity: 203
Merit: 100
Joined.
username: Nixzor
btc adress is in signature
legendary
Activity: 2114
Merit: 1031
New Bounty:

The first person to get 4 more people to join my network (link #1 ITT) will get 0.4 Bitcoin. List them ITT or via PM.

So does that mean, we just need to get others to register through your original link?
donator
Activity: 392
Merit: 252
New Bounty:

The first person to get 4 more people to join my network (link #1 ITT) will get 0.4 Bitcoin. List them ITT or via PM.
legendary
Activity: 1358
Merit: 1002
Thank you. Now I'll continue my investigation into ripple and the way the site works.

Complicated. And people say Bitcoin isn't simple...
donator
Activity: 392
Merit: 252
OK, I joined. What now?

Same username. Address in my sig Wink

Ditto.
Signed up as drakahn

16ttFWHHvuXdVJtQy3xCpFc7GTw4LjWEEj
OK, I joined. What now?

Same username. Address in my sig Wink

Paid.
legendary
Activity: 2114
Merit: 1031
OK, I joined. What now?

Same username. Address in my sig Wink

Ditto.
hero member
Activity: 504
Merit: 500
Signed up as drakahn

16ttFWHHvuXdVJtQy3xCpFc7GTw4LjWEEj
legendary
Activity: 1358
Merit: 1002
OK, I joined. What now?

Same username. Address in my sig Wink
edd
donator
Activity: 1414
Merit: 1002
Now I'm really confused. I was jsut checking out my AcCount Settings and see that I have the option to give myself unlimited "Hearts" to distribute to whomever I like.

But here's the really confusing part:
Quote
"You choose a number of hearts to endorse them with. Each heart allows them and people they trust to send you one hour's worth of acknowledgement (more on this below)."

Quote
"Villages acknowledgements are a currency denominated in hours, consisting of gentle promises made to the person who helped you out to return the favour at some point in the future. When you have received acknowledgements, you can spend them to acknowledge others without having to issue any promises of your own."
So,

Acknowledgements = Hours of work promised

Hearts are like vouching for someone's integrity and each voucher is worth one hour's worth of Acknowledgement.

No wait, Hearts just allow someone to send you an hour in return.  Huh
donator
Activity: 392
Merit: 252
From what I gather, it's an attempt at a classifieds/job board that deals with IOUs instead of money.

We've sorta skipped the "offering goods and services" part and gone straight to issuing IOUs.  Tongue

In fact, I think we're already the wealthiest community on there.

Everyone start posting for things that you want or things that you have available for sale for hours (Huh)

I posted an offer of 1 hour for 1 Bitcoin

Screenshot:



Posted an offer to help me figure out.  Grin

"Shut up and take my bottlecaps"

Best one yet xD

legendary
Activity: 1288
Merit: 1227
Away on an extended break
From what I gather, it's an attempt at a classifieds/job board that deals with IOUs instead of money.

We've sorta skipped the "offering goods and services" part and gone straight to issuing IOUs.  Tongue

In fact, I think we're already the wealthiest community on there.

Everyone start posting for things that you want or things that you have available for sale for hours (Huh)

I posted an offer of 1 hour for 1 Bitcoin

Screenshot:



Posted an offer to help me figure out.  Grin
donator
Activity: 392
Merit: 252
From what I gather, it's an attempt at a classifieds/job board that deals with IOUs instead of money.

We've sorta skipped the "offering goods and services" part and gone straight to issuing IOUs.  Tongue

In fact, I think we're already the wealthiest community on there.

Everyone start posting for things that you want or things that you have available for sale for hours (Huh)

I posted an offer of 1 hour for 1 Bitcoin

Screenshot:

edd
donator
Activity: 1414
Merit: 1002
From what I gather, it's an attempt at a classifieds/job board that deals with IOUs instead of money.

We've sorta skipped the "offering goods and services" part and gone straight to issuing IOUs.  Tongue
hero member
Activity: 566
Merit: 500
ok, joined. will read a bit more into what i just did....

1QHkYCPdT3FjFZMvbxTyPCPFaXa4RhJcLo
legendary
Activity: 1288
Merit: 1227
Away on an extended break
Starting to get the hang of it now. Basically send hearts with some motivational words  Grin
donator
Activity: 392
Merit: 252
I'm still lost. Everyone who's in the community should now acknowledge and um.. give hours to others, hearts to others (Huh) and um.. post things.

Everyone who provided an address has just received 0.2 as promised

i'm so confused.

Acknowledged and endorsed Janne:

Screenshot:

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