[p2p-research] Ripple project

[Michel Bauwens]

Many thanks Daniel, I already added it to ning and facebook/twittered it ..

Chris, can you also publish this on our regular blog july 1 or after?

many thanks!

On Tue, Jun 22, 2010 at 10:42 PM, Daniel <daniel at ripplexchange.com> wrote:

> Michel,
>
> Thank you very much! Here is a text, and please let me know if there's
> anything else I can add.
>
> Daniel*
> *
>
> *New donation pool to raise funds for Ripple development*
>
> A new donation pool has been created to raise funds for development of the
> Ripple project, with an initial contribution of $500.00. The final amount
> will be donated to the Ripple project to support the development of a
> standalone Ripple server to provide open decentralized payment through the
> Ripplepay site as well as other services using Ripple. All content created
> will be released under an open license.
>
> Ripple is an open payement system that allows users to make agreements
> between each other freely, and to use those agreements as a fully functional
> currency in the wider community. This distributed financing model allows
> users to get better rates, while dealing with known and friendly sources. At
> the same time, it easily integrates with existing financial systems,
> allowing for the use of multiple currencies and the involvement of both new
> and traditional monetary actors.
>
> The goal of the donation pool is to kickstart development on a project that
> has recently been dormant. After an initial surge of activity, the project
> remained quiet for some time as participants searched for ways to get more
> people actively using their system. The system itself currently works,
> although it does not yet offer all the functionality envisioned by the
> project’s volunteers. Interest in the project has recently renewed, and with
> it comes a renewed desire to see the project grow in ways that will allow
> the general public to make considerable use of Ripple as an open payment
> network.
>
> Developing the standalone Ripple server will result in improvements to the
> software design and code, and the new architecture forms the basis for a
> number of new features, including integration with various popular services.
> Ryan Fugger of the Ripple project describes it as "an open-source Ripple
> server that would be an automated clearing house for alternative (including
> personal) currencies." The new work would also incorporate the work of
> OpenTransact, another project which provides an open specification for
> financial transactions.
>
> Raising funds to develop Ripple is very important at this point to enable
> safe and easy transactions. As confidence falls in traditional forms of
> currency, more people will need an improved payment system that is open and
> user-oriented, decentralized, and secure and usable. Only by building the
> tools now can we adequately prepare this type of system, and Ripple promises
> to offer this full functionality if the resources exist to support it.
> Ripple can do for money what open source software has already done for other
> areas like operating systems and network servers.
>
> View the donation pool now, and pledge any contribution, here:
>
>
> https://ripplexchange.com/viewtopic.php?f=9&t=12
>
>
> On 06/22/2010 01:14 AM, Michel Bauwens wrote:
>
> I already alerted facebook and twitter, but if you send me a text, I can
> publish it both on ning and our regular blog ..
>
> the latter is probably worth your time as it is a top 2% retweeted blog,
>
> Michel
>
> On Tue, Jun 22, 2010 at 12:10 AM, Daniel <daniel at ripplexchange.com> wrote:
>
>> Michel,
>>
>> I just started a donation pool to fund the development of improvements to
>> the Ripple project, an open decentralized payment system, and some P2P
>> Foundation publicity would help if you find the story interesting. The
>> Ripple project could do for money what open source software has already done
>> for operating systems and a lot of other areas. The URL for the donation
>> pool is here:
>>
>> https://ripplexchange.com/viewtopic.php?f=9&t=12
>>
>> Cheers!
>>
>> Daniel
>>
>>
>
>
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>
>
>
>
>


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