Topic: Ripple++ (Read 2493 times)
if you develope this, people probably going to mine and trade
In this case I have to repeat:
I suspect that Ripple's protection against a Sybil attack is flawed, so noone should use Ripple++ as real money.
TradeFortress publicly exposed what he believes to be a flaw. Do the same. I guess it wouldn't be so hard to find enough Ripple skeptics and perform an attack if the system is flawed.
So maybe you just want to make another alt coin.
I want to make another coin (without "alt"), but it's not about Ripple. Look at my signature.
I have seen a lot of threads which state that Ripple is a scam. I tried to examine this by myself, I read the technical details, but my IQ isn't high enough to come to the final conclusion. I have to admit that the theory behind Ripple is too sophisticated for me (or flawed), so I decided to conduct an experiment.
The experiment is quite simple, I'll try to replicate base functionality of Ripple. If I get something similar then I'll consider that I got the essence of the idea.
I don't want to care about distribution of premined XRP, so I'll publish mining software.
I'm posting here to know if someone supports this experiment. I expect that u mine some coins, use them for fake trades and post ur feedback.
PS: Don't post here if u support the experiment, talking is cheap and phrases like "do it" can be just sarcasm. Better send some coins (1 satoshi is enough), so I can see how many people support my approach.
BTC - 1M8vq7g36WLwM8HZcmeWxJtaspiKWRaY2p
LTC - LMktYn1mLLS9WWzt2ScyWMD7Pw9fc4nJsP
The experiment is quite simple, I'll try to replicate base functionality of Ripple. If I get something similar then I'll consider that I got the essence of the idea.
I don't want to care about distribution of premined XRP, so I'll publish mining software.
I'm posting here to know if someone supports this experiment. I expect that u mine some coins, use them for fake trades and post ur feedback.
PS: Don't post here if u support the experiment, talking is cheap and phrases like "do it" can be just sarcasm. Better send some coins (1 satoshi is enough), so I can see how many people support my approach.
BTC - 1M8vq7g36WLwM8HZcmeWxJtaspiKWRaY2p
LTC - LMktYn1mLLS9WWzt2ScyWMD7Pw9fc4nJsP
You need to separate XRP from ripple.
Try using ripple for everything other than XRP transactions, then recreate that, and you'll have ripple again.
So maybe you just want to make another alt coin.
Regarding the minting:
Reward is how much XXX u'll get after completing minting. Difficulty is how many hashes (in average) u have to calculate to complete minting.
Minting will be stopped after the total supply reaches 100'000'000'000 XXX, just like in Ripple. When some XXX is destroyed due to transaction fees, minting will be possible again. In the distant future the total supply will oscillate near the limit (a graph should look like ripple
).
Code:
Reward = 1'000'000 - TotalSupply / 100'000
Code:
Difficulty = TotalSupply, but not less than 10'000'000
Reward is how much XXX u'll get after completing minting. Difficulty is how many hashes (in average) u have to calculate to complete minting.
Minting will be stopped after the total supply reaches 100'000'000'000 XXX, just like in Ripple. When some XXX is destroyed due to transaction fees, minting will be possible again. In the distant future the total supply will oscillate near the limit (a graph should look like ripple
). if you develope this, people probably going to mine and trade
In this case I have to repeat:
I suspect that Ripple's protection against a Sybil attack is flawed, so noone should use Ripple++ as real money.
To use Google App Engine do you need a Google account or to consistently connect to Google's servers? I support this project, but replacing bad (OpenCoin) with worse (Google) is not an improvement. Any alternative to Ripple should get further away from OpenCoin's centralization. If you ever get Qubic up and running, implementing a Ripple scheme on top of it would be a better alternative. Also since "Ripple" is a trademark of OpenCoin you may want to use a different name.
A Google account is necessary only to host applications on GAE. And this project is not an alternative to Ripple. Regarding "Ripple" trademark - I use "Ripple++" which is different.
I would pretty much guarantee that Ripple++ would result only in a lawsuit.
+1 for changing the name. If 'Ripple++' is to be a sort of 'monetary media' I would consider names that speak to that effect.
Maybe BitWrap, Wrapper, Transport or BitSnap (something that alludes that it is fast and has a correlative value to BTC)
Maybe BitWrap, Wrapper, Transport or BitSnap (something that alludes that it is fast and has a correlative value to BTC)
if you develope this, people probably going to mine and trade
A Google account is necessary only to host applications on GAE. And this project is not an alternative to Ripple. Regarding "Ripple" trademark - I use "Ripple++" which is different.
If you start up a restaurant called McDonald's++ you will probably still be sued.
To use Google App Engine do you need a Google account or to consistently connect to Google's servers? I support this project, but replacing bad (OpenCoin) with worse (Google) is not an improvement. Any alternative to Ripple should get further away from OpenCoin's centralization. If you ever get Qubic up and running, implementing a Ripple scheme on top of it would be a better alternative. Also since "Ripple" is a trademark of OpenCoin you may want to use a different name.
A Google account is necessary only to host applications on GAE. And this project is not an alternative to Ripple. Regarding "Ripple" trademark - I use "Ripple++" which is different.
To use Google App Engine do you need a Google account or to consistently connect to Google's servers? I support this project, but replacing bad (OpenCoin) with worse (Google) is not an improvement. Any alternative to Ripple should get further away from OpenCoin's centralization. If you ever get Qubic up and running, implementing a Ripple scheme on top of it would be a better alternative. Also since "Ripple" is a trademark of OpenCoin you may want to use a different name.
I've got an idea to implement mining in a browser. U open a webpage from one of the nodes, enter ur secret phrase, click [Generate] and watch rising amount. Should be very convenient, no need to download anything nor to compile sources...
Re-read the OP.
Or should I re-write it more slowly?
Quote
Better send some coins (1 satoshi is enough)
Ok, I got you. Ripple++ is not a scam!1
It's a trick to flood the blockchain with 1 satoshi spam.
Re-read the OP.
Or should I re-write it more slowly?
Quote
Better send some coins (1 satoshi is enough)
Ok, I got you. Ripple++ is not a scam!1
my IQ isn't high enough to come to the final conclusion
Welcome to the club. My IQ is not high enough to understand the point of your project as well.
Re-read the OP.
Or should I re-write it more slowly?
Good luck reverse engineering Ripple. Keep in mind that your project will immediately become redundant once OpenCoin open-sources the Ripple server in 5 years, so if you want to have an impact other than anecdotic, you have got to work on it days and nights.
U got the point.
my IQ isn't high enough to come to the final conclusion
Welcome to the club. My IQ is not high enough to understand the point of your project as well.
Good luck reverse engineering Ripple. Keep in mind that your project will immediately become redundant once OpenCoin open-sources the Ripple server, so if you want to have an impact other than anecdotic, you have got to work on it days and nights.
I think it's better to decrease mining reward instead of increasing difficulty, so users don't need to use pools.
All that does is cause more and more and more orphans, as Liquidcoin and all these recent launches already demonstrated.
-MarkM-
Good point. Then I'll use something in between.
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