There are several major differences. Bitcoin is a currency with a built in payment system for its currency. Ripple is a payment system for arbitrary currencies with support for cross-currency transactions. One big difference is that currencies in Ripple are represented as debts (IOUs)...
A pre-defined schedule limits the total number of bitcoins so that they gradually approach a total of 21 million (ignoring those that have been lost through deleted or misplaced wallet files). The limit of 21 million bitcoins is "hard-wired" in to the protocol , and there will never b...
// // JSON-RPC protocol. Bitcoin speaks version 1.0 for maximum compatibility, // but uses JSON-RPC 1.1/2.0 standards for parts of the 1.0 standard that were // unspecified (HTTP errors and contents of 'error'). // // 1.0 spec: http://json-rpc.org/wiki/specification // 1.2 spec: http:...
I like bitcoin in the sense that it decentralizes currency. I would like to know though if it is a commodity-backed currency similar to the gold standard decades ago? Is it possible in the near future? As it is it seems that it is the same fiat money, except that it isn't the Fed issu...
It really depends on how much you're willing to spend. Low end Let's talk about the very smallest investment you could make for mining bitcoins: a Raspberry Pi. It can do 200,000 hashes per second, which might sound like a lot, but actually it's about 0.000001% of the total network ha...
I've been reading around: https://en.bitcoin.it/wiki/How_bitcoin_works What prevents a miner's block from being accepted across the network if the hash checks out when miner forges transactions in the block? For example, lets say I'm mining and I want to steal money from address A and...
I have several Yubikeys and would like to use one or more with MtGox.... however it seems that I can only use keys purchased from Mt Gox on their site. Why did Mt Gox choose to implement security this way? Suppose I'm creating my own secure website based on Yubikey.. what are the cond...
When a venture raises capital in bitcoins it spends those on assets and contracts tied to fiat money. As a result if the exchange rate rises, the venture's earnings are at a lower rate (in terms of bitcoins). As a result, the lower dividends cause the valuation for the venture to drop...
