[P2P-F] Fwd: Ripple Goes Open Source

Fri Sep 27 18:40:53 CEST 2013

---------- Forwarded message ----------
From: chris cook <cojock at hotmail.com>
Date: Fri, Sep 27, 2013 at 1:11 AM
Subject: Ripple Goes Open Source
To:

This is an important development, and correctly recognises:

   - base-less Bitcoin clones (altCoins) are a dead end.

   - chain generation for settlement of open bilateral (P2P) obligations is
   crucial to decentralised credit creation and clearing (which will be a
   mobile/tablet financial service).

This presentation

http://www.slideshare.net/ChrisJCook/social-contracts-clearing-union

aims to demonstrate that no currency is technically required to create and
clear 'people-based' P2P credit, which is not the same thing at all as P2P
debt in respect of existing fiat currency manufactured by the banking
system. .

Of course, in order to increase liquidity, generally acceptable currency,
whether land-use based (locally fungible); energy-based (generally
fungible) or fiat currency (in the meantime), must be available, which
involves policy choices in relation to equitable sharing of commons.

However, where I differ from the Ripple guys (I think) is that the
framework of trust within which chains can be generated has to be a
collective one (the 'Guarantee Society' protocol), rather than routing
through individual chains.

Best Regards

Chris

------------------------------
To: rippleusers at googlegroups.com
From: rippleusers at googlegroups.com
Subject: [Ripple] Digest for rippleusers at googlegroups.com - 5 Messages in 1
Topic
Date: Thu, 26 Sep 2013 23:26:19 +0000

  Today's Topic Summary
Group: http://groups.google.com/group/rippleusers/topics

   - Rippled released <#1415e0b09b358353_group_thread_0> [5 Updates]

  Rippled released<http://groups.google.com/group/rippleusers/t/a4dd3c80df53b353>

   Melvin Carvalho <melvincarvalho at gmail.com> Sep 26 01:11PM +0200

   I only just noticed this:

   https://github.com/ripple/rippled

   So does this mean that ripple (server) is now fully open sourced?

   Jeffrey Cliff <jeffrey.cliff at gmail.com> Sep 26 07:33AM -0400

   seems like it...anyone able to build it?

   Ryan Fugger <arv at ryanfugger.com> Sep 26 05:10AM -0700

   Official announcement:

   https://ripple.com/forum/viewtopic.php?f=2&t=3718&p=18013#p18013

   Melvin Carvalho <melvincarvalho at gmail.com> Sep 26 02:13PM +0200

   > I only just noticed this:

   > https://github.com/ripple/rippled

   > So does this mean that ripple (server) is now fully open sourced?

   Official announcement:

   https://ripple.com/forum/viewtopic.php?f=2&t=3718&p=18013#p18013

   [[

   Hey all!

   It's my great pleasure to announce the release of the rippled p2p node
   source-code, the code that implements the Ripple protocol and powers the
   Ripple payment network. In conjunction with the open-sourcing we're also
   announcing that OpenCoin Inc. will change its name to Ripple Labs Inc.
   That
   latter part is mostly because the old name was confusing and required
   explanation. We hope the new name is a bit more self-explanatory - we're
   the place that Ripple came out of and we'll continue to experiment with
   and
   develop Ripple technology.

   For those of you who are less technical, the significance of our
   announcement is that Ripple is not another altcoin. All the protocols and
   data formats have evolved independently of Bitcoin. Our
   consensus<https://ripple.com/wiki/Consensus>process uses peering
   (kinda like the Internet itself) instead of mining.
   The ledger is a data structure that describes the current state of the
   network as a merkle tree (this has the same effect as the merkle tree of
   unspent outputs <https://bitcointalk.org/index.php?topic=21995.0>
   proposals
   that have come up within the Bitcoin community.) The time between ledgers
   is adaptive <https://ripple.com/wiki/Continuous_Ledger_Close> rather than
   fixed. The current implementation supports holding deposit contracts -
   balances representating currencies other than the native currency. And we
   support the trading of these currencies in the network - as one atomic
   transaction, even across multiple conversions. The Ripple ledger is a
   general purpose data store and we plan to enable you to program the
   network
   freely via contracts<
   https://ripple.com/wiki/User:Justmoon/Contracts:_Overview>
   .

   It feels weird that it falls upon me to announce the open-sourcing of
   this
   code, since aside from a tiny fix here or there I wrote none of it. But I
   have worked closely with the people who did and they have completely
   changed my perspective on what's possible. I remember promoting Bitcoin
   to
   blank stares three years ago and now talking to bitcoiners about Ripple I
   often feel the same way. I hope that over the next year, starting from
   today, we can change that - and you'll be able to see Ripple as we do.

   I want to address a few questions that I know will come up:

   1. Forks

   People will fork the network pretty much instantly (as soon as they can
   figure out our config files [image: :D]), so does that worry me re: job
   security? Of course. But that's the whole point of open-sourcing: It's
   one
   thing we can do to help keep us honest. I believe as long as we continue
   to
   live up to our promises, work hard and provide value to users, they will
   continue to use our network. And in doing so they're supporting our
   effort
   to build out the software and extend the network through any and all
   means
   available until all XRP are sold or given away.

   I don't believe in closed-source, I don't believe in copyright, but I do
   believe in supporting the artists, the developers and entrepreneurs who
   make things happen. We have a growing team of people with big ideas and
   ambitious plans. So please consider using the original network so we can
   continue to develop amazing features and integrate every payment system
   on
   the face of the planet.

   One final request for those planning to fork: If you do fork, please come
   up with a unique name for your network and a different currency code than
   XRP. A little search and replace won't kill you and you'll make life a
   lot
   easier and less confusing for both our users and your own.

   2. Decentralization

   Whether the code is open-source or not has nothing to do with whether
   Ripple is decentralized or not. As far as the original network is
   concerned
   we will continue to recommend our own validators for the time being.
   Running the core group of validators lets us close security holes much
   more
   quickly, which is very important at least until major feature development
   is completed. The last of these major features left is contracts.

   So to recap, the general plan is to focus on contracts next and once
   their
   API is reasonably stable focus on building out the tools and testing
   needed
   to move to a fully distributed network topology.

   That said, we do encourage interested parties to start running validators
   immediately - this is your chance to build a history and reputation as a
   reliable validator so people will later be more likely to add you to
   their
   UNLs <https://ripple.com/wiki/UNL>.

   3. Bugs

   There will be bugs. If they are security-critical, please consider
   responsible disclosure through bugs at ripple.com. We also have a bounty
   program <https://ripple.com/bug-bounty/> for critical bugs.

   ------------------------------------------------------------

   Alright, that leaves only one thing.

   https://github.com/ripple/rippled/

   Go nuts.

   ------------------------------------------------------------

   Cheers,

   Stefan Thomas
   CTO, Ripple Labs Inc.

   ]]

   Melvin Carvalho <melvincarvalho at gmail.com> Sep 26 03:06PM +0200

   > seems like it...anyone able to build it?

   builds for me! (ubuntu)

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