Difference between revisions of "Ripple"
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== Upgrade from LETS == | == Upgrade from LETS == | ||
If you already use a [https://secure.wikimedia.org/wikipedia/en/wiki/Local_Exchange_Trading_Systems Local Exchange Trading System (LETS)], this [http://ripple-project.org/Main/UpgradeFromLETS page] will tell you how you and your community can upgrade from your current system to Ripple. This will allow you to get the same functionality you already had, plus a convenient set of tools for using and managing your accounts, plus a whole new world of [[P2P]] finance. | If you already use a [https://secure.wikimedia.org/wikipedia/en/wiki/Local_Exchange_Trading_Systems Local Exchange Trading System (LETS)], this [http://ripple-project.org/Main/UpgradeFromLETS page] will tell you how you and your community can upgrade from your current system to Ripple. This will allow you to get the same functionality you already had, plus a convenient set of tools for using and managing your accounts, plus a whole new world of [[P2P]] finance. | ||
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== see also == | == see also == | ||
*[[money]] | *[[money]] | ||
Revision as of 14:51, 17 January 2011
Ripplepay.com is a part of the Ripple project to develop a peer-to-peer network protocol for making decentralized Ripple payments between users on different computers.
Ripple ideals
Interpersonal Ripple is in many ways an ideal. Instead of depending on labour-intensive legal frameworks to support formal institutional trust, interpersonal Ripple could build on existing informal trust relationships within communities. This should be both cheaper, and allow for a monetary system that better incorporates human and community values.
It would also be more democratic, as it would not depend on central authorities to regulate the money supply and in so doing direct the economy. Deciding when more money is needed for an entire nation involves not only a problem of data collection and analysis, but a whole set of value judgments, and the values of those making the judgments may not always agree with those of the citizenry. If everyone was responsible for issuing their own money, not only would the number of brains gathering and processing economic data multiply million-fold, the values underlying collective monetary policy would accurately reflect all participants in the economy.
Upgrade from LETS
If you already use a Local Exchange Trading System (LETS), this page will tell you how you and your community can upgrade from your current system to Ripple. This will allow you to get the same functionality you already had, plus a convenient set of tools for using and managing your accounts, plus a whole new world of P2P finance.
