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November 12, 2011, at 08:33 PM by ryan - s/ripplepay/villages/
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You can start using Ripple by signing up for free at [[http://ripplepay.com/ | Ripplepay]], or checking out other [[Main/Implementations | implementations]].
to:
You can start using Ripple by signing up for free at [[http://villages.cc | Villages]], or checking out other [[Main/Implementations | implementations]].
Changed lines 24-25 from:
All Ripple needs to work is for people in your community to [[http://ripplepay.com/register/ | sign up for the Ripplepay system]] and let the system know who they trust and how much they trust them to be able to repay.  You can also sign up and use [[Main/Implementations | other Ripple sites]].
to:
All Ripple needs to work is for people in your community to [[http://villages.cc/register/ | sign up for the Villages system]] and let the system know who they trust and how much they trust them to be able to repay.  You can also sign up and use [[Main/Implementations | other Ripple sites]].
Changed lines 38-40 from:
For more information on how to use [[http://ripplepay.com/ | Ripplepay]], please see the [[Main/UsersGuide | User's Guide]]

For any other information, inquiries, or if you wish to add something or make changes to this wiki, mail [[mailto:
info@ripplepay.com | info@ripplepay.com]].
to:
For any other information, inquiries, or if you wish to add something or make changes to this wiki, mail [[mailto:info@ripple-project.org | info@ripple-project.org]].
September 10, 2011, at 06:29 PM by ryan - Remove pledgie
Deleted lines 40-43:

!! Pledgie Campaign

We are currently (Spring 2011) working on a [[Protocol/Protocol | protocol]] and server implementation for a distributed Ripple network.  Please help support us in our efforts by participating in our [[http://pledgie.com/campaigns/11469 | Pledgie Campaign]].
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# the store owner may not know you are trustworthy
# even if the owner trusts you, many others don't, so she can't use your IOU to buy things
to:
# The store owner may not know you are trustworthy.
# Even if the owner trusts you, many others don't, so she can't use your IOU to buy things.
April 08, 2011, at 03:20 AM by Ryan - pledgie
Added lines 42-46:
!! Pledgie Campaign

We are currently (Spring 2011) working on a [[Protocol/Protocol | protocol]] and server implementation for a distributed Ripple network.  Please help support us in our efforts by participating in our [[http://pledgie.com/campaigns/11469 | Pledgie Campaign]].

Thanks!
Changed lines 24-25 from:
All Ripple needs to work is for people in your community to [[http://ripplepay.com/register/ | sign up for the Ripplepay system]] and let the system know who they trust and how much they trust them to be able to repay.
to:
All Ripple needs to work is for people in your community to [[http://ripplepay.com/register/ | sign up for the Ripplepay system]] and let the system know who they trust and how much they trust them to be able to repay.  You can also sign up and use [[Main/Implementations | other Ripple sites]].
Deleted lines 27-30:
!! Help

For more information, please see the [[Main/UsersGuide | User's Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Project discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Concept]] section.

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* [[Implementations]] - Various versions of the Ripple concept put into code.
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Send any inquiries to [[mailto:info@ripplepay.com | info@ripplepay.com]].
to:
* [[Main/FAQ]] - frequently asked questions about the Ripple concept and project.
* [[Main/Concept]] - papers and other explorations of the Ripple concept.
* [[Main/Implementations]] - various versions of the Ripple concept put into code.
* [[http://groups.google.com/group/rippleusers/ | Ripple Project group]] - come join the discussion!

For more information on how to use [[http://ripplepay.com/ | Ripplepay]], please see the [[Main/UsersGuide | User's Guide]]

For any other information, inquiries, or if you wish to add something or make changes to this wiki, mail
[[mailto:info@ripplepay.com | info@ripplepay.com]].
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* [[http://ripplepay.com/ | Ripplepay]] - the Ripple payment system.
to:
* [[Implementations]] - Various versions of the Ripple concept put into code.
Changed line 30 from:
For more information, please see the [[Main/UsersGuide | User's Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Concept]] section.
to:
For more information, please see the [[Main/UsersGuide | User's Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Project discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Concept]] section.
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You can start using Ripple by signing up for free at [[http://ripplepay.com/ | Ripplepay]].
to:
You can start using Ripple by signing up for free at [[http://ripplepay.com/ | Ripplepay]], or checking out other [[Main/Implementations | implementations]].
November 12, 2010, at 11:45 PM by Romualdo Grillo - Chaned Link to "More Videos" page
Changed line 9 from:
[[Main/VideosPresentationsSchemes | More videos & presentations]].
to:
[[Main/Videos | More videos]].
November 07, 2010, at 11:12 AM by Ryan - restore my original concept description. please discuss before changing. this is pretty central.
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To start with, let's look at what would happen if you tried to use your own promise as money. Suppose you went to the store and tried to pay with an IOU. The problem with this is that even if the owner trusts you enough to accept your IOU, she can't use your IOU with anybody other than you.

Ripple solves this problem by connecting people through chains of known intermediaries. Each person along the chain only transacts with trusted friends, but the chain carries the transaction from
the payer to the recipient.

The cool thing is that now the store owner ''can'' actually use your IOU to buy things, because Ripple can route IOUs through social networks between any destinations.

You can use Ripple in your community to take advantage of
the community's existing social trust connections for financial transactions. Simply [[https://ripplepay.com/register/ | sign up]] to use the free Ripplepay system and replace expensive bank fees.
to:
To start with, let's look at what happens if you tried to use your own promise as money. Suppose you went to the store and tried to pay with an IOU. This might work, except for two things:

#
the store owner may not know you are trustworthy
# even if the owner trusts you, many others don't, so she can't use your IOU to buy things

Ripple solves the first problem by finding one or more people who can exchange your IOU for one issued by someone
the store owner trusts. For example, if the store owner trusts your friend Alice, and Alice trusts you, you can give your IOU to Alice, and Alice can give ''her'' IOU to the owner. This can all happen instantly over the internet.

The cool thing now is that the store owner ''can'' actually use Alice's IOU
to buy things, because Ripple can convert it into IOUs that are useful for paying other people. That solves the second problem.

All Ripple needs to work is for people in your community to [[http://ripplepay.com/register/ | sign up for the Ripplepay system]] and let the system know who they trust and how much they trust them to be able to repay
.
Added lines 22-23:

[[Main/Examples | More Ripple examples]].
October 22, 2010, at 05:45 PM by Ryan - Add link to more videos
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[[Main/VideosPresentationsSchemes | More videos & presentations]].
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For more information, please see the [[Main/UsersGuide | User's Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Reference]] section.
to:
For more information, please see the [[Main/UsersGuide | User's Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Concept]] section.
Changed line 23 from:
For more information, please see the [[Main/Use | Use Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Reference]] section.
to:
For more information, please see the [[Main/UsersGuide | User's Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Reference]] section.
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* [[Main/Get Involved]] - how you can participate in the Ripple project.
to:
* [[Main/Get Involved!]] - how you can participate in the Ripple project.
October 16, 2010, at 11:22 PM by Daniel - clean up
Changed lines 23-24 from:
For more information, please see the [[Main/Use | Use Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Reference]] section. We would love to have you [[get involved!]]
to:
For more information, please see the [[Main/Use | Use Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Reference]] section.
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* [[Main/Concept]] - more on the Ripple concept.
October 16, 2010, at 11:19 PM by Daniel - link get involved
Changed line 23 from:
For more information, please see the [[Main/Use | Use Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Reference]] section.
to:
For more information, please see the [[Main/Use | Use Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Reference]] section. We would love to have you [[get involved!]]
October 16, 2010, at 10:42 PM by Daniel - clean up
Changed line 23 from:
For more information, please see the [[Main/Use | User's Guide]] or the [[Main/FAQ]].  You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information on the [[Main/Concept]] page.
to:
For more information, please see the [[Main/Use | Use Guide]] and the [[Main/FAQ]]. You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information in the [[Reference]] section.
October 16, 2010, at 09:57 PM by Daniel - clean up
Changed lines 13-22 from:
To start with, let's look at what happens if you tried to use your own promise as money.  Suppose you went to the store and tried to pay with an IOU.  This might work, except for two things:

#
the store owner may not know you are trustworthy
# even if the owner trusts you, many others don't, so she can't use your IOU to buy things

Ripple solves the first problem by finding one or more people who can exchange your IOU for one issued by someone
the store owner trusts.  For example, if the store owner trusts your friend Alice, and Alice trusts you, you can give your IOU to Alice, and Alice can give ''her'' IOU to the owner.  This can all happen instantly over the internet.

The cool thing now is that the store owner ''can'' actually use Alice's IOU
to buy things, because Ripple can convert it into IOUs that are useful for paying other people.  That solves the second problem.

All Ripple needs to work is for people in your community to [[http://ripplepay.com/register/ | sign up for the Ripplepay system]] and let the system know who they trust and how much they trust them to be able to repay
.
to:
To start with, let's look at what would happen if you tried to use your own promise as money. Suppose you went to the store and tried to pay with an IOU. The problem with this is that even if the owner trusts you enough to accept your IOU, she can't use your IOU with anybody other than you.

Ripple solves this problem by connecting people through chains of known intermediaries. Each person along the chain only transacts with trusted friends, but the chain carries the transaction from
the payer to the recipient.

The cool thing is that now the store owner ''can'' actually use your IOU to buy things, because Ripple can route IOUs through social networks between any destinations.

You can use Ripple in your community to take advantage of
the community's existing social trust connections for financial transactions. Simply [[https://ripplepay.com/register/ | sign up]] to use the free Ripplepay system and replace expensive bank fees.
Changed line 26 from:
For more information, please see the [[Main/FAQ]].  You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information on the [[Main/Concept]] page.
to:
For more information, please see the [[Main/Use | User's Guide]] or the [[Main/FAQ]].  You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information on the [[Main/Concept]] page.
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* [[Main/Participation]] - how you can participate in the Ripple project.
to:
* [[Main/Get Involved]] - how you can participate in the Ripple project.
Added lines 24-27:
!! Help

For more information, please see the [[Main/FAQ]].  You can also join the [[http://groups.google.com/group/rippleusers/ | Ripple Users discussion group]] and post your questions or comments there, mail [[mailto:info@ripplepay.com | info@ripplepay.com]], or read some more technical information on the [[Main/Concept]] page.

Changed line 34 from:
* [[Main/Get Involved]] - how you can participate in the Ripple project.
to:
* [[Main/Participation]] - how you can participate in the Ripple project.
Changed line 30 from:
* [[Main/Participation]] - how you can participate in the Ripple project.
to:
* [[Main/Get Involved]] - how you can participate in the Ripple project.
October 16, 2010, at 08:27 PM by Ryan - New home page suitable for front of ripple-project.org
Changed lines 1-29 from:
Welcome to RippleWiki. This is a place to document Ripple project concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]]. We also have a [[ Videos_Presentations_Schemes|list of Ripple videos, presentations, and schemes]].


!!How does Ripple work?

Suppose you're in Canada and you want to send money to a friend in Sweden. You log in to your online banking service and enter your friend
's Ripple ID (like an email address), and the amount you want to send. Your bank's Ripple server communicates with your friend's Ripple server and they coordinate to find a payment path between you. Your bank reports back the cost to you with transaction fees, if any, for your approval. The money ends up in one of your friend's accounts a few seconds later.

Behind the scenes
, what you do not see, is that the path the Ripple system found to make the payment goes from your bank, through a Canadian export corporation to the bank in Sweden, to a smaller credit union with an account at that bank, to a member of the credit union named Anja, to a friend of hers, Bob, who participates in a community currency in Northern Sweden that your friend also uses.

When you approve
the transaction, your friend's account at the community currency is credited with payment amount, in Swedish kronor, and Bob's account is deducted that amount. Bob had an outstanding debt with Anja, and that gets reduced in exchange for Anja's credit union account being credited. Then the credit union's Swedish bank account is credited, and the Canadian export firm's account is debited. That firm has given you a good exchange rate for your dollars into kronor as a way of converting kronor they hold back into dollars, and those dollars come out of your bank account and go into the firm's.

The end result is that value flowed from your bank account into your friend's community currency account via a hodge-podge of intermediaries, none of whom knew anything but who came next in the chain. Even the payer and recipient do not know who all the intermediaries were.

%thumb% [[ http://screenr.com/c5K | Attach:CarTrip.jpg"CarTripTumbnail" ]]
[[ http://screenr.com/c5K | Ripple video introduction ]]


!!About Ripple

Ripple is an open decentralized payment system that allows you to use your social trust network for general credit purposes. It was first conceived by Ryan Fugger in 2004.

The openness of Ripple means that anyone can use Ripple, anyone can run Ripple, and anyone can contribute to Ripple. The software is free and open source.

The decentralization of Ripple means that anyone can issue credit and anyone can accept credit. Using Ripple for transactions relies on its ''users'', it does not rely on external banks or other services, although banks and other services can also participate in Ripple networks.

Ripple's design incorporates accountability and advanced messaging into personal credit relationships, which allows your social network to be leveraged into a highly efficient, distributed payment system. The system accommodates itself to you, rather than you having to accommodate yourself to it: Ripple is you-centric.

To start using it right away, sign up at [[https://ripplepay.com/ | Ripplepay]] and invite your friends. To help develop and promote Ripple, see the information at [[Get Involved!]]

to:
!The Ripple Project

Ripple
is a project to build a new kind of monetary system based on the trust present in our ordinary social and business relationships.

You can start using Ripple by signing up for free at [[http://ripplepay.com/ | Ripplepay
]].

%center%%width=560px height=345px%http://screenr.com/Content/assets/screenr_1116090935.swf

!!Concept

Money as we know it is made from '''promises''', specifically bank promises, in the form of bank account balances.  Ripple's goal is to make
'''your''' promises as useful for paying people as bank promises are.

To start with, let's look at what happens if you tried to use your own promise as money.  Suppose you went to the store and tried to pay with an IOU.  This might work
, except for two things:

# the store owner may not know you are trustworthy
# even if the owner trusts you
, many others don't, so she can't use your IOU to buy things

Ripple solves the first problem by finding one or more people who can exchange your IOU for one issued by someone the store owner trusts.  For example, if the store owner trusts your friend Alice, and Alice trusts you
, you can give your IOU to Alice, and Alice can give ''her'' IOU to the owner.  This can all happen instantly over the internet.

The cool thing now is that
the store owner ''can'' actually use Alice's IOU to buy things, because Ripple can convert it into IOUs that are useful for paying other people.  That solves the second problem.

All Ripple needs to work is for people in your community to [[http://ripplepay.com/register/ | sign up for
the Ripplepay system]] and let the system know who they trust and how much they trust them to be able to repay.

!!Project Information

Ripple is an open community project founded in 2004 by [[Main/Ryan Fugger]].  Everyone is welcome to participate in discussions
and development activities.

* [[http://ripplepay.com/ | Ripplepay]] - the Ripple payment system.
* [[Main/Concept]] - more on the Ripple concept.
* [[Main/Participation]] - how you can participate in the Ripple project
.
Deleted lines 33-46:
!!References

* The original Ripple paper: [[http://ripple-project.org/decentralizedcurrency.pdf | Money as IOUs in Social Trust Networks & A Proposal for a Decentralized Currency Network Protocol]] Ryan Fugger (2004)
* Motivations for the Ripple project: [[http://ripple-project.org/paymentrouting.pdf | Payment as a Routing Problem]] Ryan Fugger.
* [[ http://research.yahoo.com/files/final.pdf |Mechanism Design on Trust Networks]]  Arpita Ghosh, Mohammad Mahdjan, Daniel M Reeves, David M Pennock, Ryan Fugger (2007)
* [[ http://arxiv.org/pdf/1007.0515v1 | Liquidity in Credit Networks: A Little Trust Goes a Long Way ]] Pranav Dandekar, Ashish Goel, Ramesh Govindan, Ian_Post (2010)
* [[ http://www.google.com/url?sa=D&q=http://www.cs.ucdavis.edu/%7Edefigued/index_files/trustdavis.pdf&usg=AFQjCNH5jFT8fl0uZJ0oC3ye1Lzm9EO1jg |TrustDavis: A Non-Exploitable Online Reputation System]] Dimitri do B. DeFigueiredo, Earl T. Barr (2005)
* Sylvain Poirier's independently conceived idea: [[http://spoirier.lautre.net/money.htm | Principles for a free, powerful and stable monetary system for the digital era]].

----

The [[PmWiki/basic editing]] page describes how to create pages in PmWiki.  You can practice editing in the [[wiki sandbox]].

More information about PmWiki is available from http://www.pmwiki.org .
October 16, 2010, at 06:47 PM by Daniel - clean up
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Welcome to RippleWiki. This is a place to document Ripple project concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]].
to:
Welcome to RippleWiki. This is a place to document Ripple project concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]]. We also have a [[ Videos_Presentations_Schemes|list of Ripple videos, presentations, and schemes]].

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%thumb% [[ http://screenr.com/c5K | Attach:CarTrip.jpg"CarTripTumbnail" ]]
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%thumb% [[ http://screenr.com/c5K | Attach:CarTrip.jpg"CarTripTumbnail" ]]

to:

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[[ Videos_Presentations_Schemes|List of Ripple Videos, presentations, Schemes]]


 
   
   

October 15, 2010, at 01:25 PM by Romualdo Grillo -
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to:
[[ Videos_Presentations_Schemes|List of Ripple Videos, presentations, Schemes]]

October 15, 2010, at 11:34 AM by Romualdo Grillo - Added references to articles discussed in Ripple Group
Changed lines 33-34 from:
* The original Ripple paper: [[http://ripple-project.org/decentralizedcurrency.pdf | Money as IOUs in Social Trust Networks & A Proposal for a Decentralized Currency Network Protocol]].
* Motivations for the Ripple project:
[[http://ripple-project.org/paymentrouting.pdf | Payment as a Routing Problem]].
to:
* The original Ripple paper: [[http://ripple-project.org/decentralizedcurrency.pdf | Money as IOUs in Social Trust Networks & A Proposal for a Decentralized Currency Network Protocol]] Ryan Fugger (2004)
* Motivations for the Ripple project:
[[http://ripple-project.org/paymentrouting.pdf | Payment as a Routing Problem]] Ryan Fugger.
* [[ http://research.yahoo.com/files/final.pdf |Mechanism Design on Trust Networks]]  Arpita Ghosh, Mohammad Mahdjan, Daniel M Reeves, David M Pennock, Ryan Fugger (2007)
* [[ http://arxiv.org/pdf/1007.0515v1 | Liquidity in Credit Networks: A Little Trust Goes a Long Way ]] Pranav Dandekar, Ashish Goel, Ramesh Govindan, Ian_Post (2010)
* [[ http://www.google.com/url?sa=D&q=http://www.cs.ucdavis.edu/%7Edefigued/index_files/trustdavis.pdf&usg=AFQjCNH5jFT8fl0uZJ0oC3ye1Lzm9EO1jg |TrustDavis: A Non-Exploitable Online Reputation System]] Dimitri do B. DeFigueiredo, Earl T. Barr (2005)
Added lines 40-46:

 
   
   


October 15, 2010, at 11:20 AM by Romualdo Grillo -
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[[ http://screenr.com/c5K | Ripple video introduction ]]
%thumb% [[ http://screenr.com/c5K | Attach:CarTrip.jpg"CarTripTumbnail" ]]

October 09, 2010, at 09:34 PM by Daniel - clean up
Changed lines 1-4 from:
Welcome to RippleWiki.

This wiki
is a place to document Ripple project concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]].
to:
Welcome to RippleWiki. This is a place to document Ripple project concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]].
October 09, 2010, at 09:33 PM by Daniel - add history
Changed lines 17-18 from:
Ripple is an open decentralized payment system that allows you to use your social trust network for general credit purposes.
to:
Ripple is an open decentralized payment system that allows you to use your social trust network for general credit purposes. It was first conceived by Ryan Fugger in 2004.
October 09, 2010, at 09:31 PM by Daniel - add ref
Changed lines 33-34 from:
to:
* Sylvain Poirier's independently conceived idea: [[http://spoirier.lautre.net/money.htm | Principles for a free, powerful and stable monetary system for the digital era]].
October 09, 2010, at 09:29 PM by Daniel - add e-mail
Added lines 27-28:
Send any inquiries to [[mailto:info@ripplepay.com | info@ripplepay.com]].
Changed lines 31-33 from:
* The original Ripple paper: [[http://ripple-project.org/decentralizedcurrency.pdf | Money as IOUs in Social Trust Networks & A Proposal for a Decentralized Currency Network Protocol]]
* Motivations for the Ripple project: [[http://ripple-project.org/paymentrouting.pdf | Payment as a Routing Problem]]
to:
* The original Ripple paper: [[http://ripple-project.org/decentralizedcurrency.pdf | Money as IOUs in Social Trust Networks & A Proposal for a Decentralized Currency Network Protocol]].
* Motivations for the Ripple project: [[http://ripple-project.org/paymentrouting.pdf | Payment as a Routing Problem]].
October 09, 2010, at 09:28 PM by Daniel - add References
Added lines 27-31:
!!References

* The original Ripple paper: [[http://ripple-project.org/decentralizedcurrency.pdf | Money as IOUs in Social Trust Networks & A Proposal for a Decentralized Currency Network Protocol]]
* Motivations for the Ripple project: [[http://ripple-project.org/paymentrouting.pdf | Payment as a Routing Problem]]

October 09, 2010, at 08:18 PM by Daniel - clean up
Changed lines 23-24 from:
Ripple's design incorporates accountability and messaging into personal credit relationships, which allows your social network to be leveraged into a highly efficient, distributed payment system. The system accommodates itself to you, rather than you having to accommodate yourself to it: Ripple is you-centric.
to:
Ripple's design incorporates accountability and advanced messaging into personal credit relationships, which allows your social network to be leveraged into a highly efficient, distributed payment system. The system accommodates itself to you, rather than you having to accommodate yourself to it: Ripple is you-centric.
October 09, 2010, at 08:18 PM by Daniel - clean up
Changed lines 19-20 from:
The openness of Ripple means that anyone can use a Ripple, anyone can run Ripple, and anyone can contribute to Ripple. The software is free and open source.
to:
The openness of Ripple means that anyone can use Ripple, anyone can run Ripple, and anyone can contribute to Ripple. The software is free and open source.
October 09, 2010, at 08:17 PM by Daniel - clean up
Changed lines 3-4 from:
This wiki is a place to organize and develop concepts for the Ripple project. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]].
to:
This wiki is a place to document Ripple project concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]].
Changed lines 29-31 from:
The [[PmWiki/basic editing]] page describes how to create pages
in PmWiki.  You can practice editing in the [[wiki sandbox]].
to:
The [[PmWiki/basic editing]] page describes how to create pages in PmWiki.  You can practice editing in the [[wiki sandbox]].
October 09, 2010, at 08:15 PM by Daniel - add Overview info
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]]. The wiki also contains [[technical]] design and documentation of the Ripple [[protocol -> Protocol/Index]].
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This wiki is a place to organize and develop concepts for the Ripple project. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]].
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!!About Ripple

Ripple is an open decentralized payment system that allows you to use your social trust network for general credit purposes.

The openness of Ripple means that anyone can use a Ripple, anyone can run Ripple, and anyone can contribute to Ripple. The software is free and open source.

The decentralization of Ripple means that anyone can issue credit and anyone can accept credit. Using Ripple for transactions relies on its ''users'', it does not rely on external banks or other services, although banks and other services can also participate in Ripple networks.

Ripple's design incorporates accountability and messaging into personal credit relationships, which allows your social network to be leveraged into a highly efficient, distributed payment system. The system accommodates itself to you, rather than you having to accommodate yourself to it: Ripple is you-centric.

To start using it right away, sign up at [[https://ripplepay.com/ | Ripplepay]] and invite your friends. To help develop and promote Ripple, see the information at [[Get Involved!]]

October 09, 2010, at 07:53 PM by Daniel - add Overview
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!!How does Ripple work?

Suppose you're in Canada and you want to send money to a friend in Sweden. You log in to your online banking service and enter your friend's Ripple ID (like an email address), and the amount you want to send. Your bank's Ripple server communicates with your friend's Ripple server and they coordinate to find a payment path between you. Your bank reports back the cost to you with transaction fees, if any, for your approval. The money ends up in one of your friend's accounts a few seconds later.

Behind the scenes, what you do not see, is that the path the Ripple system found to make the payment goes from your bank, through a Canadian export corporation to the bank in Sweden, to a smaller credit union with an account at that bank, to a member of the credit union named Anja, to a friend of hers, Bob, who participates in a community currency in Northern Sweden that your friend also uses.

When you approve the transaction, your friend's account at the community currency is credited with payment amount, in Swedish kronor, and Bob's account is deducted that amount. Bob had an outstanding debt with Anja, and that gets reduced in exchange for Anja's credit union account being credited. Then the credit union's Swedish bank account is credited, and the Canadian export firm's account is debited. That firm has given you a good exchange rate for your dollars into kronor as a way of converting kronor they hold back into dollars, and those dollars come out of your bank account and go into the firm's.

The end result is that value flowed from your bank account into your friend's community currency account via a hodge-podge of intermediaries, none of whom knew anything but who came next in the chain. Even the payer and recipient do not know who all the intermediaries were.

September 27, 2010, at 12:17 AM by Daniel - link Technical
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]]. The wiki also contains design and documentation of the Ripple [[protocol -> Protocol/Index]].
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]]. The wiki also contains [[technical]] design and documentation of the Ripple [[protocol -> Protocol/Index]].
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]]. The wiki also contains design and documentation of the Ripple [[protocol -> Protocol/Core]].
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]]. The wiki also contains design and documentation of the Ripple [[protocol -> Protocol/Index]].
September 26, 2010, at 08:10 PM by Daniel - clean up
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, while more detailed explanations with a diagram are available at [[credit relationship]] and [[credit exchange]], and complete instructions can be found in the [[integration guide]]. The wiki also contains design and documentation of the Ripple [[protocol -> Protocol/Core]].
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, and complete instructions can be found in the [[integration guide]]. The wiki also contains design and documentation of the Ripple [[protocol -> Protocol/Core]].
September 26, 2010, at 08:01 PM by Daniel - clean up
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, while a more detailed explanation with a diagram is available at [[credit relationship]], and complete instructions can be found in the [[integration guide]]. The wiki also contains design and documentation of the Ripple [[protocol -> Protocol/Core]].
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, while more detailed explanations with a diagram are available at [[credit relationship]] and [[credit exchange]], and complete instructions can be found in the [[integration guide]]. The wiki also contains design and documentation of the Ripple [[protocol -> Protocol/Core]].
September 26, 2010, at 08:01 PM by Daniel - update link
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, while a more detailed explanation with a diagram is available in the [[credit relationship example]], and complete instructions can be found in the [[integration guide]]. The wiki also contains design and documentation of the Ripple [[protocol -> Protocol/Core]].
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, while a more detailed explanation with a diagram is available at [[credit relationship]], and complete instructions can be found in the [[integration guide]]. The wiki also contains design and documentation of the Ripple [[protocol -> Protocol/Core]].
September 26, 2010, at 03:58 AM by Daniel - clean up
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]].  Mainly, this means designing/documenting the [[protocol -> Protocol/Core]]. Documentation also explains Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, while a more detailed explanation with diagram is available in the [[credit relationship example]], and complete instructions can be found in the [[integration guide]].
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]]. This includes documentation of Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, while a more detailed explanation with a diagram is available in the [[credit relationship example]], and complete instructions can be found in the [[integration guide]]. The wiki also contains design and documentation of the Ripple [[protocol -> Protocol/Core]].

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September 26, 2010, at 03:55 AM by Daniel - update link
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple.sourceforge.net/]].  Mainly, this means designing/documenting the [[protocol -> Protocol/Core]]. Documentation also explains Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, while a more detailed explanation with diagram is available in the [[credit relationship example]], and complete instructions can be found in the [[integration guide]].
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple-project.org/]].  Mainly, this means designing/documenting the [[protocol -> Protocol/Core]]. Documentation also explains Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, while a more detailed explanation with diagram is available in the [[credit relationship example]], and complete instructions can be found in the [[integration guide]].
September 26, 2010, at 12:18 AM by Daniel - clean up
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple.sourceforge.net/]].  Mainly, this means designing/documenting the [[protocol -> Protocol/Core]]. Documentation also explains Ripple concepts for users: the [[definitions]] convey the basics, while a more detailed explanation with diagram is available in the [[credit relationship example]].
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple.sourceforge.net/]].  Mainly, this means designing/documenting the [[protocol -> Protocol/Core]]. Documentation also explains Ripple concepts for [[use|users]]: the [[definitions]] convey the basics, while a more detailed explanation with diagram is available in the [[credit relationship example]], and complete instructions can be found in the [[integration guide]].
September 17, 2010, at 12:52 AM by Daniel - Edit a bit for user perspective
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I set up this wiki as a place to organize and develop concepts for the [[Ripple project -> http://ripple.sourceforge.net/]].  Mainly, this means designing/documenting the [[protocol -> Protocol/Core]].
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This wiki is a place to organize and develop concepts for the [[Ripple project -> http://ripple.sourceforge.net/]].  Mainly, this means designing/documenting the [[protocol -> Protocol/Core]]. Documentation also explains Ripple concepts for users: the [[definitions]] convey the basics, while a more detailed explanation with diagram is available in the [[credit relationship example]].
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I set up this wiki as a place to organize and develop concepts for the [[Ripple project -> http://ripple.sourceforge.net/]].  Mainly, this means designing/documenting the [[protocol -> Protocol/Introduction]].
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I set up this wiki as a place to organize and develop concepts for the [[Ripple project -> http://ripple.sourceforge.net/]].  Mainly, this means designing/documenting the [[protocol -> Protocol/Core]].
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I set up this wiki as a place to organize and develop concepts for the [[Ripple project -> http://ripple.sourceforge.net/]].  Mainly, this means designing/documenting the [[protocol]].
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I set up this wiki as a place to organize and develop concepts for the [[Ripple project -> http://ripple.sourceforge.net/]].  Mainly, this means designing/documenting the [[protocol -> Protocol/Introduction]].
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Welcome to PmWiki!

A local copy of PmWiki's
documentation has been installed along with the software,
and is available via
the [[PmWiki/documentation index]]. 

To continue setting up PmWiki, see
[[PmWiki/initial setup tasks]].
to:
Welcome to RippleWiki.

I set up this wiki as a place to organize and develop concepts for
the [[Ripple project -> http://ripple.sourceforge.net/]].  Mainly, this means designing/documenting the [[protocol]].