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Thanks! If you have a shitcoin you want me to review, I'm open to suggestions.

by abrkn 9y ago

justboxing 9y ago
Don't know if it's a shitcoin, but can you review XRP / Ripple? The company claims that 100s of banks and financial institutes are using their technology, but ALL 100+ institutions are only evaluating / doing pilots. Company has been around since 2011, I am very curious why there isn't a single big name that has put it's weight behind this for real production use.
- abrkn 9y ago
  I interviewed to work at Ripple in 2013! I don't know how interesting the review would be. Ripple is completely centralized. I'll think about it.
  - wiradikusuma 9y ago
    Few days ago there was a post in HN basically saying "centralized = no need blockchain" -- why they need to do in blockchain then?
    - stefano 9y ago
      Blockchains seem to be really good at raising capital.
    - simias 9y ago
      These days I feel like it's more "if it's even a little bit decentralized and uses public key cryptography then you can call it a Blockchain and people will throw money at you". It's the new "Cloud Computing" basically. Cryptocurrencies are pretty mainstream nowadays, everybody and their grandfather want to be a crypto-millionaire. Very few have the skills to decide whether experimental technologies like Ripple or IOTA have a future[1], it's just speculation for speculation's sake. Ask the average Ripple owner what they think of the "trustlines" and the risks associated with it. Actually, just ask them what a Ripple trustline is. I doubt you'll get many answers. [1] Honestly I feel pretty knowledgeable about how cryptocurrencies work and yet it's not rare for one of these whitepapers to lose me. For many of them you need a pretty good technical background on cryptography, game theory and economy (with maybe a hint of sociology) to really be able to gauge whether an idea has merit or not.
  - shepardrtc 9y ago
    > Ripple is completely centralized Except for the validation of transactions done through their distributed consensus protocol, which is done through validator nodes sitting across the world at places like MIT and Microsoft.
  - hisabness 9y ago
    review. NEO...Not a shitcoin.
- roywiggins 9y ago
  My impression was that even those aren't using XRP (the token) but are using non-cryptocoin stuff from the same company.
- shepardrtc 9y ago
  > but ALL 100+ institutions are only evaluating / doing pilots No... That's just not true. Cuallix isn't. Moneygram finished their initial pilot and is beginning its deployment to internal transfers, which could be folowed by deployment to everywhere else. > I am very curious why there isn't a single big name that has put it's weight behind this for real production use. Banco Santander: https://www.finextra.com/newsarticle/31617/banco-santander-prepares-for-q1-roll-out-of-personal-payments-via-ripple https://www.finextra.com/newsarticle/31617/banco-santander-p...
cuspycode 9y ago
How about a review of one that is marketed as anonymous or privacy-friendly? For example Monero or PIVX. Many people still incorrectly believe that Bitcoin transactions are anonymous (yes, I know they can be anonymous if you make an effort to make them anonymous, but by default they are not).
bond 9y ago
A review on siacoin would be great..

Thanks! If you have a shitcoin you want me to review, I'm open to suggestions.

by abrkn 9y ago

Thanks! If you have a shitcoin you want me to review, I'm open to suggestions.

Don't know if it's a shitcoin, but can you review XRP / Ripple? The company claims that 100s of banks and financial institutes are using their technology, but ALL 100+ institutions are only evaluating / doing pilots. Company has been around since 2011, I am very curious why there isn't a single big name that has put it's weight behind this for real production use.

abrkn 9y ago
I interviewed to work at Ripple in 2013! I don't know how interesting the review would be. Ripple is completely centralized. I'll think about it.
- wiradikusuma 9y ago
  Few days ago there was a post in HN basically saying "centralized = no need blockchain" -- why they need to do in blockchain then?
  - stefano 9y ago
    Blockchains seem to be really good at raising capital.
  - simias 9y ago
    These days I feel like it's more "if it's even a little bit decentralized and uses public key cryptography then you can call it a Blockchain and people will throw money at you". It's the new "Cloud Computing" basically. Cryptocurrencies are pretty mainstream nowadays, everybody and their grandfather want to be a crypto-millionaire. Very few have the skills to decide whether experimental technologies like Ripple or IOTA have a future[1], it's just speculation for speculation's sake. Ask the average Ripple owner what they think of the "trustlines" and the risks associated with it. Actually, just ask them what a Ripple trustline is. I doubt you'll get many answers. [1] Honestly I feel pretty knowledgeable about how cryptocurrencies work and yet it's not rare for one of these whitepapers to lose me. For many of them you need a pretty good technical background on cryptography, game theory and economy (with maybe a hint of sociology) to really be able to gauge whether an idea has merit or not.
- shepardrtc 9y ago
  > Ripple is completely centralized Except for the validation of transactions done through their distributed consensus protocol, which is done through validator nodes sitting across the world at places like MIT and Microsoft.
- hisabness 9y ago
  review. NEO...Not a shitcoin.
roywiggins 9y ago
My impression was that even those aren't using XRP (the token) but are using non-cryptocoin stuff from the same company.
shepardrtc 9y ago
> but ALL 100+ institutions are only evaluating / doing pilots No... That's just not true. Cuallix isn't. Moneygram finished their initial pilot and is beginning its deployment to internal transfers, which could be folowed by deployment to everywhere else. > I am very curious why there isn't a single big name that has put it's weight behind this for real production use. Banco Santander: https://www.finextra.com/newsarticle/31617/banco-santander-prepares-for-q1-roll-out-of-personal-payments-via-ripple https://www.finextra.com/newsarticle/31617/banco-santander-p...

cuspycode 9y ago

How about a review of one that is marketed as anonymous or privacy-friendly? For example Monero or PIVX. Many people still incorrectly believe that Bitcoin transactions are anonymous (yes, I know they can be anonymous if you make an effort to make them anonymous, but by default they are not).

bond 9y ago

A review on siacoin would be great..