DividendRippler - Pulling the plug on June 5

DividendRippler - Pulling the plug on June 5

Postby nelisky » Sun May 08, 2016 12:38 pm

It has not been an easy decision, but complete lack of interest in DR added to running costs in both time and money forced us to pull the plug on it.

There are still client funds lodged with us, so we're giving another 4 weeks of uptime to allow everyone to withdraw, after which the service will have to come down. Assuming funds are still left behind there will be another period of 2 more months (so, September 5) where any eventual funds will be held and we'll return them to those that prove to be the rightful owners, and finally if any funds are still with us we'll take ownership of them.

We'd like to thank everyone for the support they've given along the way, and perhaps soon we'll come up with a better version of this service and give it another go, time permitting!

Let us know of any issues or questions and we'll do our best to address them.
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Re: DividendRippler - Pulling the plug on June 5

Postby Sukrim » Sun May 08, 2016 8:09 pm

Sad to hear, you were one of the best executed ideas I've seen in Ripple so far!

Any plans on releasing your backend code or do you rather want to keep it hoping to reboot in the future?
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Re: DividendRippler - Pulling the plug on June 5

Postby nelisky » Sun May 08, 2016 11:15 pm

The initial idea was even better than what ended up sticking as a service. We used issued "shares" to automatically distribute dividends across holders, but that never got any traction as the only requests we got were for pyramid style things.
There are many parts to the backend, of course, and some of them I plan on releasing eventually, but time is really low currently. We do have some new ideas that we'd like to get in place for an improved service with all the existing functionality, but holding other people's funds is not something to be done haphazardly and requires constant attention, which was easy while I had personal stakes and would write off the work as "something I needed personally anyway". We'll have to get a proper business plan going before we go for the next version.

We'll see how things progress during this take down, and maybe there'll be some extra time that can be used to both disclose the backend code as well as start working on something better!
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Re: DividendRippler - Pulling the plug on June 5

Postby nelisky » Sun May 15, 2016 10:35 pm

Unfortunately part of the backend decided to quit early, a hardware failure that we can't fix immediately. In all probability there'll be a week long delay because of this, so please don't redeem your funds until we have this covered.

If you already did it's not really a problem, it'll just be picked up once the system is operational again, of course.

I'll update everyone as soon as there's more information.
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Re: DividendRippler - Pulling the plug on June 5

Postby nelisky » Sun Jun 05, 2016 2:13 pm

Well, the day arrived, but I'm going to postpone a bit since there was almost no action on DR. For those that are unable to access funds due to the lack of a public ripple client you may want to take a look at https://github.com/jatchili/minimalist-ripple-client which is not visually polished and you really need to know what you are doing but does allow for a simple method of sending your funds to DR for redeeming.

In a couple of days we'll take the patient off life support, so let us know if you are having trouble.

EDIT: I now realise I never advised the system was functional again, sorry about that.
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Re: DividendRippler - Pulling the plug on June 5

Postby Zilian » Wed Dec 13, 2017 2:03 pm

I'm back in the crypto world after a long time abroad and discover I still have some funds locked at DR. I know, I know... is there any chance to get it back ? If not I get it ... We're not talking huge amounts here. The crypto world moves so fast :heart:
rDo5MnxjFDBbQ552Vd6dA1C3qTNY831f3x
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