Quote from: Red on May 28, 2013, 02:00:10 AM

Quote from: waxwing on May 26, 2013, 06:03:39 AM

We need to make it so the trust is in the protocol itself. This requires public verifiability of transactions.

This is a key feature of Ripple. Transparent relationships between parties, public visibility of trust and balances, and public verifiability of transaction.

It is absolutely everything the traditional banking system isn't. Once the public gets used to transparency in their personal financial dealings they will begin to demand it of banking institutions as well.

Why? Who would want all of their financial transactions to be public?