Ripple needs to provide a freaking wallet

[JoelKatz]

5 hours ago, lucky said:

Where? And where are the compiled binaries of that code? Where is the link on their site, pointing to its location? The entire point of my rant is that they do not make it available.

Unfortunately, we cannot.

https://www.fincen.gov/news_room/nr/pdf/Ripple_Remedial_Measures.pdf

See 2D.

 

[rootvegetable]

23 minutes ago, JoelKatz said:

Unfortunately, we cannot.

https://www.fincen.gov/news_room/nr/pdf/Ripple_Remedial_Measures.pdf

See 2D.

 

Thanks for pointing that out. Does "Ripple Trade MSB" exist? I presume it does, and can it provide 

1. support of any kind to such a user in accessing the Ripple protocol.

2. ?

[joy]

 

after all the hassle with tipple trade verification and the moving to gaethub

we deserve a tool to keep ower money  safe .

 i think  that a company that whants to create the internet of value  can give as a solution .

 

 

 

[JoelKatz]

2 hours ago, rootvegetable said:

Thanks for pointing that out. Does "Ripple Trade MSB" exist? I presume it does, and can it provide 

1. support of any kind to such a user in accessing the Ripple protocol.

2. ?

I believe that both XRP II and Gatehub are registered with FinCen. For a variety of reasons, it's not realistically possible for Ripple to provide a retail wallet.

I really wish I could talk more about this.

http://www.financemagnates.com/cryptocurrency/exchange/ripple-trade-closing-replaced-with-wallet-and-trading-portal-gatehub/

[Apollo]

I think the loss of a Ripple provided wallet was one of the worst parts of FinCen's actions. It did not protect users, and did little, if anything to accomplish the "goal" of stopping money laundering and terrorist financing. Not to mention that there are still and always will be un-KYCed wallet. 

[tulo]

4 hours ago, JoelKatz said:

Unfortunately, we cannot.

https://www.fincen.gov/news_room/nr/pdf/Ripple_Remedial_Measures.pdf

See 2D.

 

Some points of that are crazy...such as: " Ripple Labs will institute AML programmatic transaction monitoring across the entire Ripple protocol, and will report the results of such monitoring to the U.S. Attorney’s Office, FinCEN, and any other law enforcement or regulatory agency 4 upon request". Why do you have to monitor the whole transactions? What if a Japanese (or everywhere outside US) person opens without KYK/AML (via API) a Ripple account and moves millions of XRP?

[RobertHarpool]

Now that Apple is keen to apps working with XRP, does anyone here have the ability to resurrect either of the iPhone apps that Ripple made available long ago? 

 

 

[T8493]

1 hour ago, RobertHarpool said:

Now that Apple is keen to apps working with XRP, does anyone here have the ability to resurrect either of the iPhone apps that Ripple made available long ago? 

I doubt anyone is interested in developing new wallets.

Development of a wallet is quite time consuming if you want to do it right and you can't make enough money to cover the costs of development.

Edited September 5, 2016 by T8493

[ltrading]

6 minutes ago, T8493 said:

I doubt anyone is interested in programming new wallets.

Programming wallets is quite time consuming if you want to do it right and you can't make enough money to cover the cost of development.

Could cover costs by adding the dreaded trivial line of code...  

[kanaas]

A wallet actually in most cases is nothing more than a portal to financial services for endusers. Ripple is a technology provider, not a consumer services operator.

[Guest]

34 minutes ago, kanaas said:

wallet actually in most cases is nothing more than a portal to financial services for enduser

A wallet for cryptocurrency is the most basic, and safest way, to store and access funds without trusting a third party. The elimination of trust in anything other than math, is what cryptocurrency is all about. This was a big slap in the face and a huge blowback, there is no denying in that. They could have released the best possible multiple currency wallet by now, with features like multisig included. Too bad, did not happen. They were too advanced, this got too scary, and had to be stopped in its tracks.

Remember the Etherium crowdsale? Done from an AG in Switzerland, outside the jurisdiction of Fincen. Ripple could have gone that route as well, Singapore is another interesting jurisdiction, Luxemburg perhaps even, and who knows what they've got in the works. The thing "they can't talk about yet" perhaps. We'll see. What does not kill you, makes you stronger. So far, they seem to be doing just fine. Let's wait until the fat lady sings.

[Apollo]

I don't think Ripple should leave the US. They US may be a pain to work with but it has a lot of political and financial muscle. If Ripple really wants to take over the remittance market then they will have to be compatible with US law. I think they might as well try to make friends with the dragon rather then do anything that might make it angry. No doubt the regulations could go too far and force a move, but Ripple is doing just fine so far.  

[Sukrim]

11 hours ago, JoelKatz said:

Unfortunately, we cannot.

https://www.fincen.gov/news_room/nr/pdf/Ripple_Remedial_Measures.pdf

See 2D.

 

Would you be allowed to give a donation to an (independent) open source project that develops such a wallet?

Providing wallets with good UX unfortunately are a yet unproven business model, already a really amazing BTC wallet project that even had quite a bit of funding (Armory) went down after a while - monetization really is an issue there. Maybe preferred integration of gateways might have been a way (gateways can pay for being in a default list instead of having to be added manually), but Ripple seems to move away from this operation model too (I guess because of privacy and scaling issues). If there are just a few dozen banks on the RCL settling their internal balances every few hours/minutes/days using it as an external or shared source of The Truth, there is no real market for more consumer facing tech. :-(

It is a bit of a chicken egg problem really...

[T8493]

39 minutes ago, Sukrim said:

Would you be allowed to give a donation to an (independent) open source project that develops such a wallet?

Providing wallets with good UX unfortunately are a yet unproven business model, already a really amazing BTC wallet project that even had quite a bit of funding (Armory) went down after a while - monetization really is an issue there. Maybe preferred integration of gateways might have been a way (gateways can pay for being in a default list instead of having to be added manually), but Ripple seems to move away from this operation model too (I guess because of privacy and scaling issues). If there are just a few dozen banks on the RCL settling their internal balances every few hours/minutes/days using it as an external or shared source of The Truth, there is no real market for more consumer facing tech. :-(

It is a bit of a chicken egg problem really...

I think donation is not enough.

If you want to publish this app on app stores (Microsoft, Apple, Android), you need business (developer/publisher) account - at least this was the case some time ago for such apps.

The only viable option is probably a new company "RippleWallet Ltd." which:

• is well-funded (because monetization of this app is questionable),
• publishes the code in public repositories (so that others can review it),
• publishes compiled (and digitally signed) versions of wallet on different app stores.

Publishing wallets on app stores will have some additional benefits (reviews by Apple and MS staff members, you don't have to bother with distribution, exposure to wider audiences, simplicity/familiarity of app use, etc.).

Gateways can donate to this project in exchange for inclusion. But these donations will be one time donations and I think gateways currently don't have lots of extra money to throw into such projects. Maybe the monthly subscription model for gateways is more feasible (donate X USD and we you'll be in default list for 1 month).

However, this is not small project and you most likely need some serious VC investments.

Doesn't Ripple Labs have some kind of VC fund?

 

 

Edited September 5, 2016 by T8493

[kanaas]

A wallet for cryptocurrency is the most basic, and safest way, to store and access funds without trusting a third party.

True, but unless you believe in crypto going mainstream as currency, you always must (un)load your wallet by a service like an exchange or a gateway. Gatehub for me is best of bread solution as you can store XRP almost real cold by deleting your fattest XRP Ripple wallet and writing down the secret. Unless you follow those paranoids believing Gatehub stores those secrets somewhere accesible....