Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Development: Lack of Progress?
by
acoindr
on 03/03/2014, 04:02:16 UTC
I really like the idea of Ripple, but the current problem I have with it is there seems to be no way to verify how many ripples exist.
https://ripple.com/wiki/RPC_API#account_info
https://ripple.com/tools/info
You're free to verify this and more also by running your own node.

Yes, I've looked over some of Ripple's documentation. How does a node verify the amount of XRP in existence? From what I could see the basis is supposedly a "genesis ledger" as opposed to a genesis block, but there seems to be no way to access the genesis ledger.

There is also a bunched together amount released by RippleLabs (https://www.ripplelabs.com/xrp-distribution/) with no further/cryptographically verifiable proof behind that.

That's a numeric statement posted on a website. That doesn't cut it.

It looks like about in the right ballpark though, from looking at the distribution of XRP between wallets atm.

That doesn't cut it either. It needs to be mathematically verifiable.