The more I read about this project, the more it looks to suffer of too narrow view. It's like it assumes we all interact constantly with each others on daily life.
The examples resume to small towns possibilities.
Bob has a grocery, John a hardware store, so John goes "freeloading" at Bob's by paying back with Bob's debt on his hardware store. Sounds ok?
Now let's transfer this to the internet reality:
Bob has a grocery... in LA... and John a hardware store... in NY... John is visiting his ant at LA and drops by Bob's, as they probably never met and unless Bob is supplying from really far, John either has cash or is most likely big "F" up to get his groceries.
But even within small towns we can have issues, say that Anne own a hotel, as mostly of the towns' population doesn't use her services (as they already have a place to stay there), too bad! She rather move away as has no way to get supplies there.
Topic: The Ripple Ecosystem Evolves (Read 2061 times)
Wait... 100 users, and it's existed since 2004?
in a way, SgtSpike, this is encouraging.
after all these years of the internet scams that have educated us all, maybe that's what's left of the low-hanging fruit:
100 people.
Wait... 100 users, and it's existed since 2004?
i can't say i really much like the idea of installing my entire social network into my bank account. or installing myself into everybody else's.
i like money that is just money, by itself.
but i'll note that if you're in the marketing field, this is probably a dream come true...
i like money that is just money, by itself.
but i'll note that if you're in the marketing field, this is probably a dream come true...
Been watching that.
However a credit-exchange may be more of an issue than any solution.
* Say you're at US and need to pay someone at Russia... you'll need a huge load of "trust-nodes" to forward the debt to your payee. Within a Credit system the more indirect it is the more you're up to find a "rotten node" or a "hanging node".
* Credit implies interest. This ain't usury or anything alike. If I pay you now something for 1 USD and you pay me back 1 year from now, I shall be able to, at least, buy the same thing you bough now with what I'm about to receive. Otherwise you're getting "a discount" out of your friends' wallet.
And this to be "linear", within the Capitalist system you've to pay for the time and risk of your creditor, means he would probably be able to buy twice of what you'd just bough now with his credit.
But bottom end, the value of the money keeps changing. 1 USD today may worth X, tomorrow Y. The explanatory video shows well the lack of awareness of "what money is" in the first place. Credit has to be dealt from A to B directly, trading debt is like selling little shit bags (analogy used during the subprime crisis).
However a credit-exchange may be more of an issue than any solution.
* Say you're at US and need to pay someone at Russia... you'll need a huge load of "trust-nodes" to forward the debt to your payee. Within a Credit system the more indirect it is the more you're up to find a "rotten node" or a "hanging node".
* Credit implies interest. This ain't usury or anything alike. If I pay you now something for 1 USD and you pay me back 1 year from now, I shall be able to, at least, buy the same thing you bough now with what I'm about to receive. Otherwise you're getting "a discount" out of your friends' wallet.
And this to be "linear", within the Capitalist system you've to pay for the time and risk of your creditor, means he would probably be able to buy twice of what you'd just bough now with his credit.
But bottom end, the value of the money keeps changing. 1 USD today may worth X, tomorrow Y. The explanatory video shows well the lack of awareness of "what money is" in the first place. Credit has to be dealt from A to B directly, trading debt is like selling little shit bags (analogy used during the subprime crisis).
https://ripplexchange.com/viewtopic.php?f=6&t=826
Ripple has grown over recent months, from an interesting concept with dormant projects into an actively developing ecosystem.
The Ripple Project (http://ripple-project.org/) aims to build a new form of money which derives from existing social relationships rather than from rigidly inefficient central banking systems. The project involves technological as well as economic, social, and other aspects.
After an initial burst of activity when Ryan Fugger founded the project in 2004, the fundamental ideas emerged and a prototype called Ripplepay opened. However, the project did not gain sufficient traction to bootstrap into a mainstream trend.
Now, though, a number of old and new participants have had a chance to review the available resources, and the situation has changed with troubled economies and more open-minded people discussing ways to improve their communities' financial infrastructure.
In this fluid environment, the Ripple ecosystem evolves. From the initial vision and prototype, there are now several different software implementations to choose from with different design goals and architectures. Supporting services now include credit server hosting, an online market, and other facilities. And the Ripple user community now sees more frequent and dynamic interaction.
The project wiki (http://ripple-project.org/) is a good place to start familiarizing oneself with the concept and surrounding resources. Currently most ongoing discussions take place in the Ripple users group (https://groups.google.com/group/rippleusers/). Meanwhile, new implementations include Multiswap (https://multiswap.net/), an innovative "circular multilateral barter" system; Shire Hours (https://www.shirehours.com/), where liberty activists trade silver and time; Rivulet (https://github.com/jplewicke/rivulet), with the goal of integrating open transactions into existing sites; and Rain Droplet (https://raindroplet.info/), focused on building community credit.
With well over a hundred members from all parts of the world, and many more people aware of its ongoing progress, the Ripple community is growing as it advances the state of the art. The idea is a highly adaptable one, and the community is now searching for the best ways forward through a mix of lively discussions and varied experiments. Avenues include methods to decentralize the system further for enhanced resilience, candidate markets and marketing strategies, and improvements to software modularity and interoperability.
You are welcome to get involved by sharing your thoughts and participating. Start at the project home (http://ripple-project.org/), and branch out from there!
Ripple has grown over recent months, from an interesting concept with dormant projects into an actively developing ecosystem.
The Ripple Project (http://ripple-project.org/) aims to build a new form of money which derives from existing social relationships rather than from rigidly inefficient central banking systems. The project involves technological as well as economic, social, and other aspects.
After an initial burst of activity when Ryan Fugger founded the project in 2004, the fundamental ideas emerged and a prototype called Ripplepay opened. However, the project did not gain sufficient traction to bootstrap into a mainstream trend.
Now, though, a number of old and new participants have had a chance to review the available resources, and the situation has changed with troubled economies and more open-minded people discussing ways to improve their communities' financial infrastructure.
In this fluid environment, the Ripple ecosystem evolves. From the initial vision and prototype, there are now several different software implementations to choose from with different design goals and architectures. Supporting services now include credit server hosting, an online market, and other facilities. And the Ripple user community now sees more frequent and dynamic interaction.
The project wiki (http://ripple-project.org/) is a good place to start familiarizing oneself with the concept and surrounding resources. Currently most ongoing discussions take place in the Ripple users group (https://groups.google.com/group/rippleusers/). Meanwhile, new implementations include Multiswap (https://multiswap.net/), an innovative "circular multilateral barter" system; Shire Hours (https://www.shirehours.com/), where liberty activists trade silver and time; Rivulet (https://github.com/jplewicke/rivulet), with the goal of integrating open transactions into existing sites; and Rain Droplet (https://raindroplet.info/), focused on building community credit.
With well over a hundred members from all parts of the world, and many more people aware of its ongoing progress, the Ripple community is growing as it advances the state of the art. The idea is a highly adaptable one, and the community is now searching for the best ways forward through a mix of lively discussions and varied experiments. Avenues include methods to decentralize the system further for enhanced resilience, candidate markets and marketing strategies, and improvements to software modularity and interoperability.
You are welcome to get involved by sharing your thoughts and participating. Start at the project home (http://ripple-project.org/), and branch out from there!
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