Re: Ripple

On Wed, Nov 20, 2013 at 11:38 AM, Manu Sporny <msporny@digitalbazaar.com>wrote:

> Ultimately, I think humanity will settle on "energy" as the unit of
> direct exchange since that's the only really stable currency over the
> long term. Tying a proof-of-work to energy generation or consumption
> seems like a better solution than XRP and Bitcoin mining, I was just
> curious if you guys had gone down that path yet or not.
>

We did not consider energy. That's an intriguing and elegant thought.

I like, in particular, our reserve system as it not only limits ledger spam
but also encourages people to clean up after themselves. Other points
include: (1) we were able to avoid the alternative of destroying the XRP
for consuming ledger space and (2) we were able to allow people to have a
lifetime of transactions with the creation of an account.

https://ripple.com/wiki/Reserves

-Arthur