Announcing the PRX ICO

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PRX, the first ICO on Ripple's RCL THIS IS AN EXPERIMENTAL ICO. THIS IS NOT LIKE OTHER ICOS WITH A COMPANY BEHIND IT. READ THE FULL POST BEFORE YOU DECIDE TO PARTICIPATE. TOKENS WERE ISSUED UNDER A NEW ADDRESS AT rPRXcb4T8r7VezKkgRbQBuzGrftsjgJcUu YOU MUST REISSUE TRUST TO THAT ADDRESS TO RECEIVE YOUR TOKENS. Participate in the experiment! I am selling 1 billion PRX tokens. I created these while creating an article I posted recently. These tokens are capped. No more PRX tokens will ever exist. They live on the Ripple Consensus Ledger. As of yesterday, no one controls them. They aren't a curren…

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How to run an ICO on the Ripple Consensus Ledger

This is a step by step tutorial of how to issue an ICO of a limited IOU on the RCL. Updated July 13th 2017. The process: Creating the IOU 1: Download and setup Rippled: https://ripple.com/build/rippled-setup/#system-requirements 2: Create a founding wallet with this command: /opt/ripple/bin/rippled wallet_propose 3: Write down the wallet address, secret key, back up the information printed out in your console. 4: From another funded wallet, send the generated address like 21 xrp or so. 5: Create another wallet, fund it as well, this wallet will act as our 'hotwallet' to distribute funds. 6: I…

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Who are the Ripple Validators?

In this post I'm going to try to consolidate all public knowledge that currently exists about Ripple Validators. Additionally I will give two example UNL's based on current validators that exist at the end of the post. One additional note, the 'verification' that occurs on Ripple's site: https://xrpcharts.ripple.com/#/validators is based off of emails you send to Ripple's team. They then have you sign two signatures, one of your domain name using your validator's private key, and one of your public key with your domain's SSL cert. These verifications are not posted publicly. That means unless…

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Vanity Public Ripple Validator

There are many reasons to run a Ripple validator. Warren Anderson stated in an XRP Chat thread that the simplest reason for someone to run a validator is "to preserve and protect the stable operation and sensible evolution of the network." I was an early employee at Ripple (back when it was called OpenCoin) and I still hold some of the XRP I was paid for my duties there. Because of that, it only makes sense to run a validator and contribute to the decentralization of the Ripple network. However, while I was setting up my validator, I had a thought... why not make a vanity validator public key…

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Bitcoin is not a community, it is a network.

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I've recently been running into a lot of old Bitcoin friends lately, especially after one of those friends unexpectedly and abruptly passed. The amount of old faces has made me a bit reflective about thinking where the community surrounding Bitcoin started, and where it has ended up. But first, what even is a community? One dictionary definition of community is "a feeling of fellowship with others, as a result of sharing common attitudes, interests, and goals." In the early days, that is definitely what brought Bitcoiners together. As a big group of dreamers, academics, and internet trolls we…

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