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Title: Is ripple + BTC the silver bullet to the current vampiristic financial system? Post by: notig on February 25, 2013, 01:44:09 AM First let me state I don't understand ripple well yet. I'm only just starting to read about it.. I'm also relatively new to bitcoin. I didn't read Satoshi's whitepaper until december (even though I knew about bitcoin since october 2011).
Bitcoin is powerful... and it could operate even if exchanges were taken down. Everyone knows that....... but a decentralized exchange would be powerful right? And if you took the time to sit and think of how a decentralized exchange would work.... would you end up coming up with the idea of Ripple? Will ripple allow bitcoin to succeed in the event of political attack? Just wondering. Title: Re: Is ripple + BTC the silver bullet to the current vampiristic financial system? Post by: misterbigg on February 25, 2013, 02:19:03 AM The problem with "the system" is not a technical problem and can't be solved by technical measures.
Or, put another way, when "they" knock on your door and insist you behave a certain way (while pulling back their ill-fitted suit to expose a holstered firearm) are you going to thumb your nose at them and say "nana nana boo boo, Ripple + BTC will defeat you!" ?? Title: Re: Is ripple + BTC the silver bullet to the current vampiristic financial system? Post by: tacotime on February 25, 2013, 02:39:54 AM No, bitcoin, and especially not ripple, can correct greed. They're like a hammer -- you can use bitcoin to make or break things depending on your intentions.
Anyway, a decentralized exchange is a fun idea, but the issue is always how to get USD or other paper currencies from one place to another once traded. What would be more valuable to bitcoin would be something that makes bitcoins able to easily turn into actual government-backed currencies and vice versa. The first major advancement was bitinstant, but that's still a little less than ideal. Once liquidity increases for bitcoin, we can expect greater adoption. |