JoelKatz

2 ms·

1.
by JoelKatz 11y ago
This kind of "pseudo-centralized" is decentralized. When the "central authority" gets all of its power from individual participants who choose to follow it, and those participants are free to change the authorities at an
2.
by JoelKatz 11y ago
I'd be interested in a post mortem on the fork as well. During the split, either one side has a supermajority or neither side does. If one side has a supermajority, that side will win on rejoin, so no problem. If neither side has a sup
3.
by JoelKatz 14y ago
There are people who want to promote it that way, but that doesn't include the people who designed and built it. Check out http://ripple.com/
4.
by JoelKatz 14y ago
It is positioned to compete with other payment systems. As for scalability, it uses data structures specifically designed for rapid synchronization. But you're absolutely right that scaling it to thousands of transactions per second will be
5.
by JoelKatz 14y ago
It's not cheap to make sibyls because you have to get people to trust you and there's no easy way to do that. There are simple ways to gather lists of likely independent servers. For example, agencies you trust could publish such lists. You
6.
by JoelKatz 14y ago
Those are about Ryan Fugger's Ripple, not the new Ripple. The new Ripple does include the peer-to-peer credit of the original Ripple. But there are major differences. For example, the new Ripple is positioned initially as a payment system c
7.
by JoelKatz 14y ago
You're looking at Ripple as if it were a currency rather than as what it is, a payment system.
8.
by JoelKatz 14y ago
There will be giveaways of tens of billions of ripples. By the time the giveaways end, there should be a plentiful supply.