How the heck did they get a 2-sylable 6-character dictionary word .com domain for this?!

They bought it from a Grateful Dead fan for something like $10k.

I imagine they bought it? With the intent of making their money back.

I work for Desk.com, owned by a company that also owns Work.com and a few other one-syllable domains.

That company is Salesforce.com. They paid quite a bit for those domains. :O

Not open source (at least, not yet, for the server-side).

The client side is on Github, but has absolutely no tests. Literally, the stub files for the tests are there, but that's it.

Node.JS dev community really needs to get religion with testing.

But lastly, it's also somewhat centralized. While you can run a Ripple daemon locally, the actual currency's distribution is centralized. Which I think is... not smart.

Thanks for the link. What I couldn't find out while reading the site: Since it is a decentralized network, who runs the nodes, what's the incentive for doing so? I suppose running a node will give you their ripple currency, but this information seems to be not visible on their site. Apart from that, it looks like a really interesting project.

That is an interesting project indeed but I think the actual solution will not require previous trust among exchangers, because it would render it useless for the majority of potential users in my opinion.

There has to be something like an escrow service connected to it though (centralized or distributed) in order to guarantee for the transaction to be completed, do you agree?

ps. ripple's website appears to be down..