Quote from: jtimon on November 07, 2011, 06:35:50 PM

Quote from: JohnDoe on November 02, 2011, 08:23:34 PM

Quote from: becoin on November 02, 2011, 02:21:05 PM

Have you looked at the Ripple project and what they are working at recently?
http://ripple-project.org/

I understand the concept but haven't kept up with recent developments. As I see it, Ripple is only geared towards debt payment, it wouldn't help me much in assessing the safety of buying stuff from an anonymous seller. A WoT like bitcoin-otc does help a great deal in that department.

If you think ripple doesn't help you to safely buy stuff from an anonymous seller I think you haven't understood the concept.
You can pay with ripple. Ripple is a medium of exchange.
With ripple you could just use reputation as a currency.
For example, I give you 2 reputation points by paying you 2 units of currency I issue denominated in reputation points (or IOU 2 reputation points) and your web of trust can be represented within a ripple network.

Related links...

Reputation as currencies:

http://metacurrency.org/
http://www.webisteme.com/blog/?p=308

Ripple (and therefore a WoT too) inside a chain:

https://bitcointalk.org/index.php?topic=37505.0

so you're proposing we go back to a debt system again ? banks are based on reputation too...