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Hey, cool! I worked on something similar a long time ago: http://ripple.ryanfugger.com/ http://ripple.ryanfugger.com/ Have you looked into using the Interledg

Hey, cool! I worked on something similar a long time ago: http://ripple.ryanfugger.com/ http://ripple.ryanfugger.com/ Have you looked into using the Interledger Protocol? It's the most advanced evolution of the concept I know: https://interledger.org/ https://interledger.org/ Also, how do you propose to grow this network? That always seemed like the hardest part to me.

woah 7y ago
Is this related to the modern day Ripple?
- toomim 7y ago
  Yeah, the modern day ripple was a money based on debts, but it got bought out and replaced with a blockchain around 2013 once bitcoin got super popular, and the whole debt idea was wiped clean from ripple. The new owners just wanted the ripple brand. Meanwhile, the debt idea is resurfacing on top of blockchains in the form of lightning payments. You can transact quickly via debts amongst a network of peers that settle their debts back to the blockchain for backing.
  - fiatjaf 7y ago
    Wrong. First there was Ryan Fugger's Ripple, then people bought the name from him to make an entirely different system (it had some resemblances in the beginning but they got smaller and smaller as the system was developed).
    - toomim 7y ago
      Um, that's exactly what I said. You didn't need to start your message with "wrong" when you agree with me.
  - rfugger 7y ago
    Mutual credit accounts have been present at every stage. They became less popular than the cryptocurrency aspect for awhile, but Interledger renews the focus on credit, while allowing for cryptocurrency integration where it is effective.
realcr 7y ago
> Hey, cool! I worked on something similar a long time ago Great honor to get this message from you, I'm a great fan! > Have you looked into using the Interledger Protocol? Yes. It contains some things that I don't agree with. For example, I believe that the timeouts they have on the transactions are not secure. I also don't like that it binds users to the domain system and the traditional certificate hierarchy. > Also, how do you propose to grow this network? That always seemed like the hardest part to me. I'm not sure yet. I agree that this is a very difficult question. I might need some help.
- rfugger 7y ago
  My advice would be to come up with a plan to grow the system and design the implementation around that.

woah 7y ago

Is this related to the modern day Ripple?

toomim 7y ago
Yeah, the modern day ripple was a money based on debts, but it got bought out and replaced with a blockchain around 2013 once bitcoin got super popular, and the whole debt idea was wiped clean from ripple. The new owners just wanted the ripple brand. Meanwhile, the debt idea is resurfacing on top of blockchains in the form of lightning payments. You can transact quickly via debts amongst a network of peers that settle their debts back to the blockchain for backing.
- fiatjaf 7y ago
  Wrong. First there was Ryan Fugger's Ripple, then people bought the name from him to make an entirely different system (it had some resemblances in the beginning but they got smaller and smaller as the system was developed).
  - toomim 7y ago
    Um, that's exactly what I said. You didn't need to start your message with "wrong" when you agree with me.
- rfugger 7y ago
  Mutual credit accounts have been present at every stage. They became less popular than the cryptocurrency aspect for awhile, but Interledger renews the focus on credit, while allowing for cryptocurrency integration where it is effective.

realcr 7y ago

> Hey, cool! I worked on something similar a long time ago Great honor to get this message from you, I'm a great fan! > Have you looked into using the Interledger Protocol? Yes. It contains some things that I don't agree with. For example, I believe that the timeouts they have on the transactions are not secure. I also don't like that it binds users to the domain system and the traditional certificate hierarchy. > Also, how do you propose to grow this network? That always seemed like the hardest part to me. I'm not sure yet. I agree that this is a very difficult question. I might need some help.

rfugger 7y ago
My advice would be to come up with a plan to grow the system and design the implementation around that.