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Beyond Bitcoin [closed] / Re: Beyond Bitcoin hangout 12-26-14 -- Updates from Bytemaster
« on: December 27, 2014, 06:07:34 am »
thanks fuz, good stuff
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I love it: "theft is legitimate" given our goal is to produce trust less systems. This is the way to go.
Since we claim the shares with real private keys, we should mention that theft of any private key is not allowed.
Or a design so we don't use a real private key....
I recomend moving all funds after import to a new wallet.
Ripple network in the future will likely converge into the same "cartel" as current Internet Autonomous Systems Cartel
(i.e. backbones that route traffic to each other "for free" while charging "downstream" ISPs and corporations for "internet connections")
If you consider Internet itself decentralized then that's your answer to whether or not Ripple will be decentralized in the long run.
I personally NEVER hold any value in any IOUs inside ripple, but rather use them for what they are meant to be used:Then what is the point of even attempting decentralization? Why not just make ripple a centralized service completely? It seems like it would be much easier.
Cash-in & Cash-out.
Sir,
You confuse Ripple labs majority position in XRP the asset with control of the network or protocol.
Ripple is nether a PoW NOR a PoS ledger, it uses Ripple Consensus which is entirely different.
You or I are absolutely no less privileged from the point of Ripple consensus than Ripple labs.
At this time the DEFAULT UNL list contains RL nodes when you download the server but you can change it to whatever list of nodes you want. You are also free to lobby other nodes to add your servers.
De-facto the UNL nodes on most of the hundreds of rippled nodes out there still do contain RL nodes thereby keeping the network centralized at this time, in the long run banks will start listing each other thereby creating a de facto cartel but without a central operator and the network will become as decentralized as Internet routing is today
Sent from my iPhone using Tapatalk
Shouldn't this be front page r/bitcoin news? (not necessarily with bitsharestalk as the source) I'd have thought this is a bill for the whole crypto community to rally around, to get US citizens on the phone/writing letters/petitioning to congress to have this bill approved.
Hmmm. All I keep thinking is "what's the catch?"
This seems way too altruistic to be true......
The catch is that a bill is not a law , just something to discuss ....