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Offline Ander

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From this article:
http://cointelegraph.com/news/114696/the-dutch-national-b-word-congress-the-future-of-money-isnt-bitcoin

"The biggest news of the day came from last year’s host. ABN Amro revealed that it’s in the experimental phase of developing its own Ripple clone: ABN Trade. In cooperation with Cegeka Nederland, the bank has forked the open-source Ripple protocol, stripped it from its internal XRP currency, and is considering deploying it along whole supply chains of trade networks. If implemented correctly, and adopted widely, this could further automate international trade, removing friction from the process."


Things like this is why I see the Cryptonomex / protection of Graphene IP as a net positive.  Cryptonomex, aka the Bitshares core dev team, has its reputation at stake to not hurt BTS holders, as well as financial incentive because they hold BTS. 


Some other entity which could potentially copy the Bitshares blockchain and strip out BTS, and then compete against it, would have no such stake in BTS' success, and would in fact be actively trying to hurt it.



Bitshares has always been dependent on the core dev team.  Maybe Cryptonomex being formed made people realize it more?  They are going to be of significant importance to Bitshares success in the future, at least until we have reached a point where Bitcoin is currently.
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Offline eagleeye

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Re: ABN Trade forks ripple, creates own trade network without XRP
« Reply #1 on: July 02, 2015, 01:06:38 AM »
Amazing find Ander. 

We just need the usability of the platform, and the automatic development of an online wallet from the beginning for Graphene.  Block chain.info is bitcoins secret sauce.

@bytemaster hopefully is thinking about the online wallet.

sumantso

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Re: ABN Trade forks ripple, creates own trade network without XRP
« Reply #2 on: July 02, 2015, 04:55:31 AM »
Things like this is why I see the Cryptonomex / protection of Graphene IP as a net positive.

You may be happy for the devs and probably its deserved, but it has no effect on BTS.

Offline Erlich Bachman

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Re: ABN Trade forks ripple, creates own trade network without XRP
« Reply #3 on: July 02, 2015, 06:55:14 AM »
As soon as BitShares 2.0 comes out, they will begin stripping clones of all their BTS and making private blockchains for business specific purposes.  No harm in that.  Just watch the global acceptance of crypto as the free norm grow, and smile knowing that the release of this technology into the wild will spread "trust" globally and root out "unfairness".

Good thing that we have our "network" that cannot be stripped.  Our human capital that supports the original BitShares smartchain is an intense asset.  Currently, the Graphene tech is so cutting edge that it cannot be cloned.  After we have had a stable system for a while, like Ripple, then the planet will hit mach 2.  Imagine a million unique incarnations of Graphene on the scene all with radically different shapes, sizes, thrills, and prices of admission.  Some of very high quality, and others closed and seedy.  The global crypto standard is about to be unleashed into the wild.

This is the definition of why growing our network is the best way that a crypto community can add value to itself, and why bitcoin's value is enormous compared to us.

Who ever said that bitcoin holders can't be BitShare owners.
« Last Edit: July 02, 2015, 07:02:41 AM by Erlich Bachman »
You own the network, but who pays for development?

Offline santaclause102

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Re: ABN Trade forks ripple, creates own trade network without XRP
« Reply #4 on: July 02, 2015, 08:36:38 AM »
From this article:
http://cointelegraph.com/news/114696/the-dutch-national-b-word-congress-the-future-of-money-isnt-bitcoin

"The biggest news of the day came from last year’s host. ABN Amro revealed that it’s in the experimental phase of developing its own Ripple clone: ABN Trade. In cooperation with Cegeka Nederland, the bank has forked the open-source Ripple protocol, stripped it from its internal XRP currency, and is considering deploying it along whole supply chains of trade networks. If implemented correctly, and adopted widely, this could further automate international trade, removing friction from the process."


Things like this is why I see the Cryptonomex / protection of Graphene IP as a net positive.  Cryptonomex, aka the Bitshares core dev team, has its reputation at stake to not hurt BTS holders, as well as financial incentive because they hold BTS. 


Some other entity which could potentially copy the Bitshares blockchain and strip out BTS, and then compete against it, would have no such stake in BTS' success, and would in fact be actively trying to hurt it.



Bitshares has always been dependent on the core dev team.  Maybe Cryptonomex being formed made people realize it more?  They are going to be of significant importance to Bitshares success in the future, at least until we have reached a point where Bitcoin is currently.

 +5%

Offline kenCode

Re: ABN Trade forks ripple, creates own trade network without XRP
« Reply #5 on: July 02, 2015, 03:07:12 PM »
As soon as BitShares 2.0 comes out, they will begin stripping clones of all their BTS and making private blockchains for business specific purposes.  No harm in that.  Just watch the global acceptance of crypto as the free norm grow, and smile knowing that the release of this technology into the wild will spread "trust" globally and root out "unfairness".

Good thing that we have our "network" that cannot be stripped.  Our human capital that supports the original BitShares smartchain is an intense asset.  Currently, the Graphene tech is so cutting edge that it cannot be cloned.  After we have had a stable system for a while, like Ripple, then the planet will hit mach 2.  Imagine a million unique incarnations of Graphene on the scene all with radically different shapes, sizes, thrills, and prices of admission.  Some of very high quality, and others closed and seedy.  The global crypto standard is about to be unleashed into the wild.

This is the definition of why growing our network is the best way that a crypto community can add value to itself, and why bitcoin's value is enormous compared to us.

Who ever said that bitcoin holders can't be BitShare owners.

this ^^^ +5%
 
Amazing find Ander.

+5%
 
...an online wallet from the beginning for Graphene.  Block chain.info is bitcoins secret sauce.

+5%

Offline ag

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Re: ABN Trade forks ripple, creates own trade network without XRP
« Reply #6 on: July 02, 2015, 04:54:40 PM »
Quote
, the bank has forked the open-source Ripple protocol, stripped it from its internal XRP currency, and is considering deploying it along whole supply chains of trade networks.
I can't tell if this means it has its own token, or if it's not using one at all. It's possible not to use one right? transaction fees could be paid in IOU's. Instead of for instance xrp being burned to enrich xrp holders, the IOU denominated fees would be paid directly to the trusted transaction validator nodes that come to consensus on the ripple protocol.

Offline monsterer

Re: ABN Trade forks ripple, creates own trade network without XRP
« Reply #7 on: July 02, 2015, 05:04:59 PM »
Quote
, the bank has forked the open-source Ripple protocol, stripped it from its internal XRP currency, and is considering deploying it along whole supply chains of trade networks.
I can't tell if this means it has its own token, or if it's not using one at all. It's possible not to use one right? transaction fees could be paid in IOU's. Instead of for instance xrp being burned to enrich xrp holders, the IOU denominated fees would be paid directly to the trusted transaction validator nodes that come to consensus on the ripple protocol.

In ripple transactions are only transmitted if they could claim a fee, so you need a base currency... unless you strip it all apart, but then it isn't ripple any more.

edit: is this thread essentially saying that non-restrictive open source is bad?!
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Offline Ander

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Re: ABN Trade forks ripple, creates own trade network without XRP
« Reply #8 on: July 02, 2015, 05:31:51 PM »

edit: is this thread essentially saying that non-restrictive open source is bad?!

Not bad, but it has a risk in that people can try to steal it from you, and then if they can achieve better network effect than you, with your tech, you lose.
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Offline monsterer

Re: ABN Trade forks ripple, creates own trade network without XRP
« Reply #9 on: July 02, 2015, 06:10:05 PM »
Not bad, but it has a risk in that people can try to steal it from you, and then if they can achieve better network effect than you, with your tech, you lose.

What was that yoda quote about fear....
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Offline starspirit

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