Viewing profile — SJoelKatz

This was the entirely predictable result of regulations on financial institutions that have become more and more idiotic. Imagine if we had decided to fight drug dealers and terror…

I agree. It appears the Softpedia erroneously changed the term "Bitcoin developers" to "Bitcoin Core developers" and other news sites copied the error.

Either the value of the currency will increase or it won't. If it won't increase, then Ripple Labs will have no reward. If it will increase, then early adopters who buy and hold XR…

The concept of "premined" doesn't really apply to a scheme that has no mining. For currencies that use proof of work to solve the double spend problem, mining is a good way to rewa…

Not so for two reasons. First, the number of IP addresses you have is irrelevant. Trust is weighted by the number of signatures made with keys that a server has chosen to trust. Se…

All the servers are agreeing with each other. You could just as well wait for any other reliable servers to come to a consensus amongst themselves and it would work just as well. I…

You can have an order book between any two assets. The pathfinding engine will prefer whatever path is cheapest, assuming it's not too long for it to find. For example, the USD/Bit…

They can't set balances to whatever they want. They have to justify each switch from ledger to ledger with signed transactions. (Just like miners in Bitcoin can choose the transact…

Don't confuse the Ripple payment network with ripples, its native currency. You can use the payment network to transact in currencies like dollars and Euros.

The quote from ripplescam.org just says what we all know, we all have to agree on a blockchain (in the case of Bitcoin) or a ledger (in the case of Ripple) or the system breaks. Pa…

That description kind of fits both classic Ripple and the new Ripple, but it does fit classic Ripple better. The new Ripple does fully support social/community credit. But it's tar…

Each Ripple server does validate all the data completely and cannot be tricked. Ripple uses consensus to establish transaction ordering. Ripple does have only a small number of ser…