Proposal: open-source DASH gateway on Ripple

[TroyDASH]

This is part of why we need to move away from the pay and pray and more towards legal contracts with a legal entity. I'm not questioning the proposer's intentions at this point, but in most other professional environments, the employer has much more leverage in situations like this than the masternode network currently has.

 

[akhavr]

This is part of why we need to move away from the pay and pray and more towards legal contracts with a legal entity.

Won't work in my case. By limiting to legal contracts with a legal entities you're severely limiting the available project options.

 

[Leonidas]

Won't work in my case. By limiting to legal contracts with a legal entities you're severely limiting the available project options.

Don't worry, the 5 dash fees is already taking care of that

 

[TroyDASH]

Won't work in my case. By limiting to legal contracts with a legal entities you're severely limiting the available project options.

.
What do you mean by that? It sounds to me like it would be limited to only good, agreeable options...

 

[akhavr]

.
What do you mean by that? It sounds to me like it would be limited to only good, agreeable options...

No. You would be limited only by projects, that are capable of registering a legal entity in an established regulated environment of first world countries.

 

[TroyDASH]

No. You would be limited only by projects, that are capable of registering a legal entity in an established regulated environment of first world countries.

What places are you referring to where individuals can't even have contractual agreements? As a general rule I don't think it is a good idea to make agreements where all the money is paid up front for a service, with no recourse at all if the service is not delivered or not delivered on time. The way that this is handled may be different from country to country but I think in most cases there should be something..

 

[akhavr]

What places are you referring to where individuals can't even have contractual agreements?

Enforceable agreements? Through litigation?

As a general rule I don't think it is a good idea to make agreements where all the money is paid up front for a service, with no recourse at all if the service is not delivered or not delivered on time. The way that this is handled may be different from country to country but I think in most cases there should be something..

Escrow?

 

[TroyDASH]

Enforceable agreements? Through litigation?



Escrow?

Yes, exactly. The escrow agent does not even have to be in the same jurisdiction. An enforceable contract can govern the release of funds

 

[akhavr]

Yes, exactly. The escrow agent does not even have to be in the same jurisdiction. An enforceable contract can govern the release of funds

Then you don't need a legal entity - just another escrow parties on a multisig address.

 

[TroyDASH]

Then you don't need a legal entity - just another escrow parties on a multisig address.

Multisig could be used but even if you use multisig, a contract can bind the escrow party to govern when they can sign to release the funds,...etc

 

[akhavr]

Multisig could be used but even if you use multisig, a contract can bind the escrow party to govern when they can sign to release the funds,...etc

I was commenting re "legal contracts with a legal entity" part. Escrow party can easily be anonymous or even not a human.

 

[demo]

I was commenting re "legal contracts with a legal entity" part. Escrow party can easily be anonymous or even not a human.

Yet the job is not done that way, and the money may rest for ever unused.
Thats why you should incentivize others to do that job in case of a deadline.
This will blow fear to the proposal owner and will force him to do the job as fast as possible.

 

[akhavr]

 

[bhkien]

Is this only one way Dash to Ripple only? Can we send from Ripple to Dash?

 

[Dandy]

In the video, there is also a button for "Withdraw DASH from Ripple", so I guess the answer is yes.

 

[Lomkerp]

Any reason we're choosing a for profit corporation whose software was designed for banks over Stellar's platform which is nonprofit and focused more on individuals?

What about openledger?

What is his personal software ?

 

[akhavr]

Is this only one way Dash to Ripple only? Can we send from Ripple to Dash?

Sure. It's bidirectional gateway.

 

[akhavr]

Testnet installation docs is available at http://dash-gw.s.42cc.co/faq/

We're preparing to release the source code.

Feel free to give any feedback.

 

[Santos Bermúdez Ruiz]

Hey guys, I was wondering if you have considered all the FUD that would come from associating with ripple. Just for risk assessment.

But,
In my opinion, this is one great propasoal.

You have my support!

Cheers,

Santos

 

[akhavr]

Aaaand here's the code https://github.com/42cc/dashr-gw

Feel free to fork, comment, criticize, especially with accompanying pull requests