[GiftEconomy] Fwd: [Ripple] Open Society

[Dante-Gabryell Monson]

http://opensociety.referata.com/wiki/Main_Page

excerpt from link : *" If we are to use a decentralized way to compute
trust... " *
*
*
other excerpts from message below

*"My project tries to use trust relations to rank information. It tries to
map the human trust relations so as to give each person a personalized
ranking of information."*
*
*
*"It requires great bravery to forget what many smart take as axioms, ie
forget that banks are necessary for the Economy."*
*
*
*"People need to trust the creators of those new currencies in order to use
them and that will make it very difficult for simple people like you and me
to have their currencies accepted."*

---------- Forwarded message ----------
From: Apostolis Xekoukoulotakis <xekoukou at gmail.com>
Date: Thu, Jun 16, 2011 at 6:25 PM
Subject: [Ripple] Open Society
To: rippleusers at googlegroups.com


I recently contacted Ryan to inform him of my interest in using Ripple as a
(micro)payment system for a wiki that I am creating and thought it would be
nice to inform you all about my project and how it might help Ripple.

In an recent article of Eli Gothil about metacurrency, I pointed to him
about the importance of trust in the effort of creating new currencies. If
you are not familiar about metacurrency, It is a project that wants to turn
intangible values into currencies, ie to quantify values in an effort to
change the flow of those values. The problem with such an effort rests in
the fact that People need to trust the creators of those new currencies in
order to use them and that will make it very difficult for simple people
like you and me to have their currencies accepted. I also pointed to him
that the Ripple project does take trust into account to create new economic
flows.

The Ripple monetary system is simple and intuitive. It could be argued that
no effort at all was required to come to such an idea. On the other hand,
noone else has ever thought or at least was confident enough to start such a
project. And that makes me us wonder why... It is certain that there are a
lot of smart people, they should have proposed of such a possibility. It is
my belief that the reason that noone else has proposed of such a project is
the inability to forget, ie forget of all those things that are taken as
granted, axioms that tell how the economy works.  It requires great bravery
to forget what many smart take as axioms, ie forget that banks are necessary
for the Economy.

Let us then forget for a moment and think...

My project tries to use trust relations to rank information. It tries to map
the human trust relations so as to give each person a personalized ranking
of information. If Google is a search engine that recommends the same to
everyone, what i try is to create a search engine that instead of links
between sites uses trust relations between people.

 What are the similarities with the Ripple project. Well if the Ripple
project tries to turn everyone into a bank with the use of trust relations,
I try to make everyone a newspaper(or a science journal etc) with the use of
trust relations. In the Ripple project each user accepts to give a loan to a
trustworthy friend, in my project each user will accept information only
form trustworthy. Without Ripple or myproject we have to use the banks and
news media, even though their trustworthiness cannot be proved by us
directly, because we are not technologically capable to find a trust route
to the source of the loan or the information, with ripple and myproject we
take advantage of such routes.

We have many similarities in principle but many differences in the
mathematical model, something that is reasonable since we deal with
different things.

What both projects have as a problem is that they are not usefull untill
they are usefull to some, ie the kitchen and egg problem. I think if we can
help each other.
http://articles.cnn.com/2010-07-14/world/england.chicken.egg.riddle_1_chicken-crystal-structure-human-skeleton?_s=PM:WORLD

http://opensociety.referata.com/wiki/Main_Page

-- 
You received this message because you are subscribed to the Google Groups
"Ripple Project" group.
To post to this group, send email to rippleusers at googlegroups.com.
To unsubscribe from this group, send email to
rippleusers+unsubscribe at googlegroups.com.
For more options, visit this group at
http://groups.google.com/group/rippleusers?hl=en.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.gifteconomy.org/pipermail/gifteconomy-gifteconomy.org/attachments/20110816/27661555/attachment.htm>