Proposal “OpenSourceRippleGw“ (Completed)Back
| Title: | Open Source DASH-Ripple gateway |
| Owner: | akhavr |
| One-time payment: | 134 DASH (5249 USD) |
| Completed payments: | 1 totaling in 134 DASH (0 month remaining) |
| Payment start/end: | 2017-05-20 / 2017-06-19 (added on 2017-05-10) |
| Votes: | 740 Yes / 15 No / 1 Abstain |
Proposal description
https://www.dash.org/forum/threads/pre-proposal-open-source-dash-gateway-on-ripple.14765/
Overview:
This is a complementary proposal to Pre-Proposal: Create the first DASH gateway on Ripple.
When implemented, the deliverable would allow any interested party to establish a DASH gateway on Ripple, using reviewed open-source code, thus creating more versatile value proposition to Ripple users and increase DASH exposure.
Scope and Deliverables:
We will deliver:
DASH gateway implementation would take up to 6 weeks and will be done in the highly iterative manner: as soon as feature would be implemented, it would be deployed onto staging server for public testing. Staging server would operate on the DASH testnet.
We will keep the community updated via communication on forum and at least weekly formal project updates.
About me and my team:
My name is Andriy Khavryuchenko and my identity could be confirmed by @balu and @dmitriybtc (I've met in person with both). Also I've communicated frequently with @tungfa from the very beginning.
I'm active software developer for over 25 years and for last 15 years I develop mainly in Python. I've started a completely distributed software development company 42 Coffee Cups in 2008, with focus on Python/Django for web. We've worked in cryptocurrency projects since 2013, mostly on Ripple ledger. Unfortunately, none of these startups matured to a real product, yet we actively use the Ripple stack internally. I'm in DASH since late 2014 (you can track my posts on the forum).
Amount requested:
129 DASH ($10000 / 80.758 SMA30 DASH/USD rate rounded) + 5 DASH proposal fee. Totally 134DASH.
Given the 30 day average price changed after the initial pre-proposal, we change the amount accounting for the deflation :)
Since 42 Coffee Cups charges only for time actually spent, if the DASH price would change during the development, any unused funds will be used to provide initial liquidity on the Rippe DEX.
Proposal discussion:
I would appreciate comments on forum, since I check it more frequently. I'll try my best to respond to comments here too.
Overview:
This is a complementary proposal to Pre-Proposal: Create the first DASH gateway on Ripple.
When implemented, the deliverable would allow any interested party to establish a DASH gateway on Ripple, using reviewed open-source code, thus creating more versatile value proposition to Ripple users and increase DASH exposure.
Scope and Deliverables:
We will deliver:
- Open source code that would allow
- automated DASH deposit and withdrawal
- trading against any currencies, issued on the Ripple network
- provable reserves
- maintaining Ripple Network ID with no KYC requirements.
- Working gateway with no KYC as a proof-of-concept. Further gateway operation might be funded either from fees or by DASH network (a separate proposal).
DASH gateway implementation would take up to 6 weeks and will be done in the highly iterative manner: as soon as feature would be implemented, it would be deployed onto staging server for public testing. Staging server would operate on the DASH testnet.
We will keep the community updated via communication on forum and at least weekly formal project updates.
About me and my team:
My name is Andriy Khavryuchenko and my identity could be confirmed by @balu and @dmitriybtc (I've met in person with both). Also I've communicated frequently with @tungfa from the very beginning.
I'm active software developer for over 25 years and for last 15 years I develop mainly in Python. I've started a completely distributed software development company 42 Coffee Cups in 2008, with focus on Python/Django for web. We've worked in cryptocurrency projects since 2013, mostly on Ripple ledger. Unfortunately, none of these startups matured to a real product, yet we actively use the Ripple stack internally. I'm in DASH since late 2014 (you can track my posts on the forum).
Amount requested:
129 DASH ($10000 / 80.758 SMA30 DASH/USD rate rounded) + 5 DASH proposal fee. Totally 134DASH.
Given the 30 day average price changed after the initial pre-proposal, we change the amount accounting for the deflation :)
Since 42 Coffee Cups charges only for time actually spent, if the DASH price would change during the development, any unused funds will be used to provide initial liquidity on the Rippe DEX.
Proposal discussion:
I would appreciate comments on forum, since I check it more frequently. I'll try my best to respond to comments here too.
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Discussion: Should we fund this proposal?
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The folks behind the other proposal have lots of experience in doing this exact thing (adding a new coin to the Ripple network.) I have high confidence the goal will be accomplished. The price is not at all unreasonable for 2 professionals working for at least a month. If paying a little up front moves us to the front of the line, I'm all in favor of it.
The open source project supports people that are already in the Dash community and have experience with Ripple. Open source projects carry a very different risk/reward ratio. Evan recognizes this and likes the open source project.
This will produce open source software available to anybody who wants to use it to set up a gateway, wooo hoooo! But it will not necessarily produce an open functional gateway into the Ripple network. That's the other project. Correct me if I have stated this inaccurately.
DO BOTH. Both is faster. They are different and complementary paths to growing the Dash ecosystem. Asking them to work together is like asking Ford and Chevy to work together to make CheFords. This would not improve the car market for consumers. We need Ford and Chevy to work independently and encourage/force competition to improve both products.
Solarguy
What is this one please, Open Source / Non Open Source?
How does this work in practice ?
Could I actually sent USD, or Euro's from and to my bank account ?
Or does this OpenSourceRippleGateway, have restrictions compared to let's say ones compared business gateways ?
> Could I actually sent USD, or Euro's from and to my bank account ?
If you have, say, a partnership with a bank (or are a bank), then yes, you can. We won't operate any fiat integration on the reference gateway, at least initially, during this proposal.
At the very minimum DASH should be become the majority stack holder in this company.
We should have power over Ripple not the other way around/
Yet, we plan to run a gateway to "eat our own dogfood". If MNO would decide to support its operation (server + devops) - it will have zero fees for DASH. If not - we will charge some fee to cover the costs.
Will further updates be included ? or will you keep that code for your own Gateway ?
I'm involved in fintech only because fundamentals of our everyday life are fataly broken, esp if you're not a 1st world citizen.
If MNO community would support the gateway **operation** later, that would include the code update. Open source, of course.
My reasons as to why the other Ripple gateway proposal is valuable and worthwhile:
1. It adds substantial tools/capabilities to trade back and forth easily and painlessly between various currencies. That's what Ripple does. It's like the Babel fish if you're a Hitchhiker's Guide to the Galaxy fan. Or, it's like Star Treks Universal Translator.
2. The cost is very reasonable to get this done considering the man hours it will take.
3. These are the people who know Ripple frontwards and backwards, and the logical choice for who to get this done in a timely and effective manor.
4. Ripple is going places. A strategic partnership between Ripple and Dash will accomplish far more together than separately.
https://ripple.com/insights/forty-seven-japanese-banks-move-towards-commercial-phase-using-ripple/
http://www.the-blockchain.com/2017/04/28/ten-banks-join-ripples-global-payments-network/
5. Some are concerned that we are paying money to a for-profit company. If it's profitable, they should just pay for it themselves. While I understand this point of view, and this point of view is not wrong, I view it very differently. You know how cool it is to buy premium tickets to get front row seats, and then you ALSO get passes to go backstage and meet the rock stars?
That's what we're paying for, premium express service. We, as a community, need to get used to the idea that we are rich. There's nothing wrong with being rich. Get used to it. Act like it. Embrace it. Raise your hand if you want to go to the front of line, instead of the back of the line!
6. Some are concerned that the end product is not an open source software product, and there is another proposal that does the "same thing" by a community member and results in an open source software deliverable. Evan even said so.
Yes, this is true. And yet, begging to differ with Evan. These two proposals do not do the same thing. These are complementary projects, and even the other open source proposal owner Akhavr wants both to happen.
This project will result in a functional gateway with support. Akhavr's project will result in software that anybody can use to open a gateway, but how many people will actually do that? And provide support? I don't know. How many Linux users are there? How many Microsoft users are there? Isn't it great that WE COULD HAVE BOTH!
What expands the Dash universe the fastest? Do both.
This proposal is to open-source it through software development and it comes from a trustwearthy source.
These two budget proposals dont conflict with each other, but rather complement each other.
akhavr has been around forever , we did many things together since back in the day - super clever dev , knows what he is doing
i like this as it is open source - it is not (as the other) a payment for "them" to use this (they make the gains) this is from the community (akhavr) for the community and Open Source for anybody to implement (other exchanges and such)
https://www.dashcentral.org/p/Create-the-first-DASH-gateway-on-Ripple
My proposal is a software development proposal. We will develop a free software, so anyone would be able to start and operate a gateway on the ripple ledger. Also, if budget allows, we will host a reference operational service.
Implement a system for us rather then use others systems