Ripple Labs's CTO (and co-inventor of Interledger) has left to start a Ripple related company called Coil. What the fuck is Coil?
Coil is aimed at enabling monetary support of content through micropayments. Coil will be the first company to pay out to any website using Web Monetization, a new standard for how browsers can pay websites using Interledger.
What the hell is Interledger? it's a trustless protocol that allows anyone to pay with anything (e.g., merchant accepts zimbabwian dollar and you want to pay with dogecoin).
See more: interledger.org
How will XRP benefit from this if Interledger is coin agnostic? XRP is the cheapest and fastest high cap coin, people can use Bitcoin but they would pay and wait more.
If you are too retarded to realize how Interledger and Web Monetization change everything, crypto has been used so far mostly for speculation, with these two standards, crypto will be used in real world and penetrate industries worth trillions. All a merchant has to do is add Interledger support and you can with whatever the fuck you want, fiat or crypto.
Interledger is already a w3c standard. "Web Monetization" is still a proposal but it will get there.
also "Payment Request API" has been implemented in most browser and will support Interledger soon.
that's why. Ripple's censuses algorithm and proof-of-work have different trade-offs. Proof-of-work is not better at everything, there's a risk of reorg attack (the chain can be rolled back), you can't stop the attacker, you pay lots of fees, there's no certainty about time of payment, ..etc
A mature person and a non emotional traders recognizes that and invests in different technologies. Betting all your money on proof-of-money is just retarded. Big companies won't accept being slaves for anonymous chinese pools and the chinse government.
Wrong. Proof of work consensus is not what makes a crypto a crypto. DLT + crytography to secure balances is what makes a crypto a crypto.
I would rather go all in on Link than even look at cripple.
Blake Jackson
Lots of very valid issues on that gay meme of yours.
Oliver Wilson
go back to plebbit and take your centralized non-crypto shitcoin with you
Jason Morales
Jesus fuck. So obvious that your a newfag. People hate on ripple because there is no financial incentive for third parties to secure the chain - therefore the only ones running block producers or "UNL's" as they call them, are ripple themselves meaning that they have full censorship control over the transactions within. RIPPLE IS FUCKING CENTRALISED
>inb4 so is bitcoin and ethereum and any other pow based algo
Yes, they are also centralised... true decentralisation is 1 vote = 1 person but since that is currently impossible to implement within a cryptographic protocol, there must be tradeoffs.
I cba to go into the game theory of it but tl;dr delegated proof of stake (DPoS) ends up being the most censorship resistant, secure method of reaching consensus.
Jayden Morales
so it's a centralized OmiseGo? does it have a back end exchange too?
Noah Long
and what coin you suggest going all in at? doge coin? bitcoin? LMAO
Lucas Taylor
wrong, the most resistant is proof of work
Jacob Morgan
> therefore the only ones running block producers
False. MIT, Microsoft and other non related private and public organisations run validators.
The UNL provided by ripple.com is optional. You can create your own. Not only that, but Ripple will switch to a new protocol, called Cobalt that will reduce its power significantly. Also by end of year, it won't be running any validators.
Let's compare this to proof-of-work, you are a bitch to Jihan, his pools, and the chinse government. If they decide to tank the market, you have no choice but to wait for developers to hardfork. With Ripple, participants can remove the public key of the bad actors.
Jihan and his pools own more than 51% of the hash power. Even if this changes in the future, the richest person can always buy pools and mining hardware.
With Ripple, one entity = one public key. You can cash out your reputation once. Misbehave and you are out, and misbehaving is useless you convince a supormajority (+80% of participants), and even in that event, you can't rollback the chain, you can only censor NEW transactions.
DPOS is a joke - look at the paradox of voting. Bitshares Witness and Commitee basically can't be voted out and it's extremely difficult to get rid of failing block producers.
Oliver Powell
Bought at $0.2, sold most at $2.8, bought again at $1.1. Made lots of money, and will make much more off XRP (and other promising technologies).
Samuel Anderson
>The UNL provided by ripple.com is optional I never said it wasnt optional... but the UNL provides no rewards so why the fuck would you run one unless you are ripple themselves/are doing development? >Let's compare this to proof-of-work Clearly you didnt even finish reading my post before getting triggered... I literally dismissed pow as being just as centralised.
lol okay bro... keep telling yourself that. You realise that in-between 2010-2012 one group of miners secretly controlled 70% of the btc hashrate? PoW is just an illusion anyway since it ends up becoming DPoW with a few mining pools.
This user is smart. I like you. Your right, but that's only because they misaligned the incentives/game theoretic model. If you can finetune it so that voters always have more power than BP's and they are incentivised to actively vote, then dpos is the best (not perfect) solution.
Landon Cooper
good for you, you just scammed some people out of their money
it does not matter, the miner will mine, that is how he makes his money, no transaction will be left unmined, and if too much power gets into the hands of too few, we will just fork
> Clearly you didnt even finish reading my post before getting triggered... I literally dismissed pow as being just as centralised. No point on discussing DPoS because it's a joke compared to PoW or RPCA, my post is for all readers of this thread, you are just one of them.
>UNL provides no rewards so why the fuck would you run one unless you are ripple themselves/are doing development? Running a Ripple validator is very cheap. Companies support the future network of money out of self interest and it's also free PR. BitGo, MIT, Microsoft, and many others run validators. Many more will join this year.
>Clearly you didnt even finish reading my post before getting triggered... I literally dismissed pow as being just as centralised. No point on discussing DPoS because it's a joke compared to PoW or RPCA, my post is for all readers of this thread, you are just one of them.
>UNL provides no rewards so why the fuck would you run one unless you are ripple themselves/are doing development? Running a Ripple validator is very cheap. Companies support the future network of money out of self interest and it's also free PR. BitGo, MIT, Microsoft, and many others run validators. Many more will join this year.
Colton Gomez
>if too much power gets into the hands of too few, we will just fork
that already happened, retard, they threatened the network, stalled important software upgrades, they mine empty blocks, they reject cheap transactions, ..etc
Pic related is a prominent bitcoin core developer.
also hardforking requires trusting a group of devs to act reasonably within a small time frame
you can't have more CPUs than the majority (if the coin is not worthless), you can't monopolies the hashing power, and CPUs are available to all at all, but with ASIC, you can own +99% of hashing power because of efficiency difference and monopoly of manufacturing. If I want 10000 Bitmain ASICs, I must suck Jihan's cock and pledge my loyalty to him.
Adam Taylor
Whats actually funny is that this girl did porn just to get back at her father who is a VP at Goldman Sachs.
Thats because they aren't using Ark's system. Im not shilling, every other DPoS is loaded to favour early entrants with money. Including EOS they have nothing at stake,or so they say, bandwidth is the incentive effectively.
Josiah Richardson
fuck
Tyler Butler
What did her daddy do to make this roastie slut act this way???
John Johnson
>vp of Goldman >goldman
Jace Johnson
Think he spent the most of his time at work and not bonding enough with her. Major daddy issues. I think she made two more videos after this.
Imagine being that rich of a father. Seeing your precious daughter becoming this. She even looks like she enjoys being treated like that. How does a girl become trash like that.
Lucas Anderson
> it's a trustless protocol that allows anyone to pay with anything (e.g., merchant accepts zimbabwian dollar and you want to pay with dogecoin). So I can finally buy lambo with my ultra low volume shitcoin nobody wants without crashing the market and they will happily accept my bags? Pleas explain to a brainlet, I just don't see it working for them...
Aaron Edwards
Yes, I guess she did since she did two more after that one. But she just turned 18 then, so I guess she was too young to understand the consequences of what she was doing.
>pay out to any website using Web Monetization, a new standard for how browsers can pay websites can't wait for this pay to view internet. Sounds absolutely amazing
{this post was paid for in full by the Coil(tm) payment API. Post price: 7.2 xrp}
Jackson Thompson
Ripple can freeze anyone's xrp funds. They froze jed mcaleb's funds. Not what I call a friendly business environment.
Nathan Cook
How the hell can one do those movies and then walk around not giving a fuck? I must say, she has more respect for herself than most of us who are basement dwellers who stutter just thinking about the opposite sex.
Jayden Jones
sea water is not water because i cant drink it (mine)
>full censorship control over the transactions >They froze jed mcaleb's funds. wrong, the xrp network doesnt have administrative functions ripple told bitstamp to freeze mccaleb funds so he couldnt crash the market by selling all of his tokens and ragequiting out of ripple labs, they had a agreement and mccaleb broke it. >no financial incentive for third parties to secure the chain this is actually good, and somewhat similar to pos, chinese mining mafias cant benefit by charging exorbitant fees and all the nodes are there because they want to preserve the integrity of the network because they use it or hold a large ammount of tokens. >why the fuck would you run one because you use the network or hold a large ammount of tokens, running a validator is a lot more cheap than running a mining operation. >they will happily accept my bags nope for every buy there has to be a sell...
