Bitcoin Forum

A few weeks back i posted the then latest information about XRP Lockup coming. I think by this time, various sources has confirmed that to be true and while we are still wait for it in June End, Ripple has just dropped a bigger bomb today.

~~~~~~~~~~~~~~~~
https://i.imgur.com/tZOSMVr.png
https://i.imgur.com/mFgCGFJ.png
~~~~~~~~~~~~~~~~

Ripple says it is going to Decentralize RCL wider and further then bitcoin. It will also avoid pitfalls in decentralization that can lead to problems like market-cornering etc ( Chinese Miners issue in Bitcoin )

Here is the official Report : https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/

Summary : in the next 12 to 18 months, Ripple will start allowing Major Universities, Colleges, Law firms, Partner Banks and Institutions, Central Banks, Government Offices and then General Public like you and me to run validators. They call it responsible decentralization where your XRP investments are better protected, as no particular group can corner the market and hold guns.

What will this achieve :

1.) Ripple RCL will be worlds most Decentralized platform. Unlike Bitcoin validators are not just run by the anarchists. Validators are run by "Everybody". You, me, governments, hospitals, banks, institutes ( All inclusive ).
2.) That way no single party can detriment and harm the network.
3.) Network literally becomes secured by entire Humanity.
4.) Destroys any ability of groups the largest pools working together and conjuring a 51% attack and there by reverse transactions.

but the biggest takeaway. This means no body , not even government or mafia can stop you from transacting on RCL.

yes Ripple is relinquishing control of RCL, but it is making sure no one else can grab it. A responsible decentralization that SAFEGUARDS YOU the investor/user who transacts in XRP on  RCL.

if you or your organization is interested in applying to run a validator, please find all the details required here : https://ripple.com/technical-faq-ripple-consensus-ledger/


Very Impressed with Ripple. I can see the true Humanity Owned Public Payment network, taking shape in next few years. You can have your wallet, have your XRP, and pay anybody you like, get paid by anybody you like. Nothing, no government, not Chinese mining mafia, not some other group.... absolutely nothing can stop it from happening or reserve it.

Kudos Ripple for coming clean and surpassing every expectation ! proof is in the pudding , trolls can die !

F0RMDEEP
 

Ripple isn't here to screw around. Big boy league stuff.

🔥 🔥 🔥

Time to gather some more ripple while it's low.

Talk is cheap. I'll believe it when I see it. Didn't these guys pre-mine 60% of the XRP in existence? Maybe the podcast episode I listened to was out of date...

Ripple does not have the concept of Mining at all, As they never believed in burning tons of electricity in the name of mining. Different philosophy.
You can not create a single new ripple. Supply can only decrease.. .what are you talking about ?

here let me summarize for ya :

1.) you can "never" mine a "single" ripple. Its fixed and there is NO concept of mining.
2.) The Supply *ONLY* decreases and cannot increase.

and now with thorough decentralization,  Nor Ripple neither anybody else can control the RCL. It will be truely Human Property.

I don't think if it was talk, they would have the market cap they have today. they have never failed to keep made promises their entire track record...

So, its only Talk like your comment, that is Cheap. As it is not backed up .. like yours... until you prove otherwise.

Also please note there are sects of Mining group who hate Ripple because they cannot mine it, form groups, nor control and corner markets... and end up running misinformation campaigns - perhaps that is what gave you the wrong impressions.

Ripple is the only company that is liable, registered, regulated and licensed. they never have done cheap talk.

and this  !

https://ripple.com/insights/how-we-are-further-decentralizing-the-ripple-consensus-ledger-rcl-to-bolster-robustness-for-enterprise-use/

https://i.imgur.com/zPmD7B3.png

I have a (literal) picture to help you see it. Microsoft, MIT and CGI are publicly announced Ripple validators. The fourth on the slide is Amazon who has not yet been announced. It has begun. Here's the original tweet: https://twitter.com/Ripple?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
https://pbs.twimg.com/media/C-dAFMzVoAAlzTq.jpg:large

Also, if crypto-currently cannot be mined it isn't accurate to describe it's supply as "pre-mined".

there is no Mining involved and NO new currency can ever be created so you are right. btw i see forum does not allow you to add the picture, let me do that for ya .. here we go..
https://pbs.twimg.com/media/C-dAFMzVoAAlzTq.jpg:large

f0rmdeep, you are good man, thank you for the good news you bring. As of all these trolls, the best way to let troll die, is: Ignore it, keep posting real news.

I agree. f0rmdeep, you are the man. I've been on this website for about 2 months & decided to make an account cause of you! Keep on doing you  ;D

Get ready for the Ripple Epic Monster Moon Show.

Ripple going to 10$ EZ with the upcoming news about lock/burn rest of the coins

very kind.. thank you.

Jesus Christ. I'll paste it here:

Ripple is not a cryptocurrency. It is an electronic token, issued by a company: Ripple Labs, Inc. This private company can do whatever it wants with the coin. They can create tokens from thin air if they want.

Ripple is alive because of the huge lobbying efforts towards banks and other financial institutions that are afraid of the disruptive threat of the crypto world and want to buy a share in the game. The wrong share.

Ripple is not open-source. No server source code has ever being released, with the paid developers behind Ripple admitting that it is to prevent others from building something better than Ripple. You cannot contribute to Ripple's code, because it is not open source. Every single Ripple node is controlled by a private for-profit company.

It is centralized, like a bank or PayPal. Not a decentralized currency. Ripple pre-mined 100 billion Ripple coins for themselves and didn't allow others to mine during this time or even tell people it was happening.

Every cryptocurrency is subject to a 51% attack. In Bitcoin and similar cryptocurrencies, miners control the network, and if a miner gains 51% of the total network power, then they can choose to double spend transactions. Some altcoins have tried trust nodes or central checkpointing, however that only moves the 51% attack vector from miners to another entity which can be 51% attacked. In Ripple, it is already 51% attacked by the 14 employees of OpenCoin, Inc. They control the server software (written in C++), and they can choose to double-spend transactions at will. While it's highly unlikely that they will do that, a centralized entity means a single target for law enforcement and court orders.

It is a large-scale scam.

you should try thinking for yourself instead of using FUD copy pasta.

- the code doesn't have to be open source
- ripple has real interest
- big scary banks? learn how the world works
- get rekt

ANSWER : LOL, we are fine with a token using same cryptographic algorithms, but not needing a fancy mining burning tons of Energy. Each token is unique and more token can NEVER be created. this is enough for us.


ANSWER : You mean Google, Santander, SBI Group and all the other banks of the world which is actually what runs EVERYDAY REAL LIFE ? thanks for remaining, we could not be more happy.
Oh let me remain central banks too, and Oh oh allow me, governments too. You basically mean the whole world other then your basement friends right ? LMAO


ANSWER : Here : https://github.com/ripple/rippled/ So and fork all you want. Network is not all about code, anyone is free to Fork ripple, but good luck trying to get SO MANY organizations to trust your network.



Premined with fixed supply - Thanks for that- So new currency cannot be created. Supply is guaranteed. And Held by a Registered, Licensed and liable company, not some basement scam who can take off and run away overnight. So Suit yourself. Not interested in your FUD.


ANSWER: SERIOUS ? go to school ? understand maths ? read the link once again and understand how to solve it. Ripple i Solving as we speak, while you are spreading crap. How much did you get paid ? which trolling group ? from china ?

Link :


ANSWER : YOU are a large scam... and your trolling group whoever PAID you to come here and type a bunch of crap, without any proof.

as for ripple, It is A registered company, licensed to operate, recognized by Government, Law and SEC, Liable and Responsible to not cheat anyone, and if they did anything bad, We can just pay 500 dollars to a laywer, open a case and I can SUE THEM,

unfortunately i cannot say the same with many of your shady onion network coins and bitcoin. Have you succeeded suing MtGox yet ?


So lets see, basement dweller .... You are the real scam, Not ripple. and your phony masters afraid of being phased out. or what ever else who knows.

Be Ashamed and go away

Oh ignore trolls like that my friend. Their misinformation campaign has backfired and lost. now everytime someone sees them, they are like "Oh more opposition and more fear- that means ripple shoudl be doing something MORE AWESOME" :-) and they go and buy a few more...

as for as these Trolls.. its actually fun and entertainment at most if anything.

they keep coming form the rat hole, and we keep pasting real news, real information and spreading more light. Base and case gets more stronger...

I've read the article;
although idea sounds good,
I see it more as desperate act to save dead currency.

Main problem with ripple is that people lost trust in it,
and once that happens, game is usually over.

Better idea, I think, for them would be to start
rebuilding their image in community, and find the
way to be more transparent.

Wow, this is amazing news. Hopefully it will go up. I am holding XRP.

I did my own thinking and I'm not part of any "higher-level" fud campaign. Neither do I support or endorse any shitcoins for that matter. Now let me rephrase:

Bitcoin* has a real potential to change the world. It came out of nowhere some years ago and said - look, people can now send monetary value to each other without trusting each other and without requiring a trusted third-party to settle their transactions. This is huge. Bitcoin delivers on this promise and slowly but surely democratizes our financial systems, making them both global and censorship-resistent. It takes the banks out of business because we now have the means to store our coins on our own private devices (laptops, mobile phones, etc) and transact with each other without a trusted intermediary.

Now what about Ripple? Here's the deal - you don't store your coins anymore. You gotta trust Ripple. Your money is on their servers. Just as your bank next door. The server code is closed source. Forget about transparency and "utopian" ideals. We know better how to do it. Let us handle your money. We're using "blockchain" technology ;) Nevermind it's privately owned, privately controlled, closed source and thus prone to politically-influenced censorship. That doesn't matter. Because we're certain that Santander, Google, SBI Group are there to serve our best interests. All of them are not-for-profit organizations with a sole mission to make the world a better place. But too much talk already. Let's catch the next pump wave with them and get rich.

Capische?

* When I mention Bitcoin above, feel free to replace it with any other cryptocurrency that stands by the same core values: open, global, borderless, transnational, distributed, trustless, censorship-resistent.

okie none of the points you made about Ripple stand. they don't store it, you store it on a wallet. RCL  cannot be compromised with a decentralized attack and transaction reversal. Add to that even when one of the founder Jed tried to dump and run - they could not cease his funds using their servers, instead they had to get a court order to freeze his account on bitstamp.

So what are you talking about .. have you read anything or have you picked up stuff here and there.. ? You shoudl provide links and proofs to prove your point.

And what censor freedom are you talking about, ever heard of KYC ? without KYC the only thing you can do is send money to and from your friends who trust you ... Go to any exchange, buy anything, try anything, you will need KYC, regulation will tie every wallet to every person who owns it...

unregulated wallets can only do so much... So ?

Atleast ripple was "realistic" from the very beginning. You are the kind who will run to mountain when forest is sick and pretend forest no more exists... You dont solve problems by dismissing the system ... the actual solution is harder because it requires reforming the system


Ripple is doing that and now everyone is recognizing. Governments are working with them, central banks and institutions alike.


By the way, you have so much study to do, so i guess some "Capische" will help you... besides i myself love bitcoin, its the insecure trolls afraid of evolution and insecure - glad to know you are not one of them...

but anyways... a transaction currency which allows anyone to send even small values wit very low fees, and perform a fully legal settlement across all layers has its own value... It does not take hours ( and now days ) for confirmations ...

the problem if you and your kind pretend no more evolution can happen. while we think evolution is a constant thing.... ripple is fundamentally differant and dont think will replace bitcoin, but some better bitcoin will ... bitcoin burns all that kilowatts for nothing... pow is just human mind illusion .... But now ethereum at least uses the same electricity and cycles for execution of code of your choice.. now boscoin is coming that makes it even better by making the outcomes guaranteed... go figure .. . good luck

As for any other non-major altcoins, if they don't have a registered company and regulatory license, which can be used to sue them on fraud, i don't trust them. regulation has its place, humans are descendants of curious ancestors... good luck trying to think your word-of-mouth regulation free market will never be cheated upon ...

btw i asked you, have you been able to repay everything to everyone form Mt Gox and Cryptsy yet ?

There is no offline Ripple wallet as far as I'm aware. Let me quote from gatehub.net (http://"https://www.gatehub.net/gateway"): "We enable financial institutions to act as a Ripple gateway without having to worry about technology." Please point me to a client app that I can download on my local machine and use Ripple without having to trust a third-party or a "gateway". Maybe I missed it.

Or maybe there isn't such an app (?!) Well that would be equivalent of saying "let us handle your money for you". And that's the exact opposite of what bitcoin tries to achieve.

I've read Satoshi's paper back in 2011. I'm confident I understand most of the building blocks of the Bitcoin network.

Ever heard of privacy?

Nope. Reforming the system needs to address the core principles that makes it prone to systemic corruption. Ripple leaves the existing principles untouched and disguises the so-called revolution into "breakthrough" technology. Yet the way they're using the technology won't change anything in the economic landscape, if you ask me. It will get the banks a shinier makeup to stay in the same business and do the same things.

I'm not so sure that's a good thing after all. In a healthy democracy the political power and the monetary power should be as separate as possible.

There's a thin line between evolution and digression. And I believe Ripple leads the way to the biggest digression we've seen so far in the  cryptocurrency world.

Glad you asked, this points exactly to the disastrous potential of having a centralized party (the exchanges) holding people's money. Gox users were literally entrusting their assets to be held by the exchange. The same thing that happens when you entrust a "gateway" to hold your ripples. Now stating the obvious, if they were storing the bitcoins on their local wallets, then the centralized Gox hack wouldn't have done much.

It takes only really 5 minutes of basic thinking to figure out that Ripple can not be decentralized in any meaningful way.

Ripple is a private company that sells transaction-function to banks. Now imagine they would actually give any control to the coin-holders.... those could then block software-updates if they don't like them, or create their own forks. What then? Ripple tells it's costumers "sorry, cryptoholders had other opinions, we can't fulfill our contract anymore"?   
By design they need full control over the network. 

Their business model is selling marketing BS. First to banks "hey you can use fancy blockchain-tech"... which already doesn't make any sense (https://www.youtube.com/watch?v=SMEOKDVXlUo). They just profit from the fact that banks don't know what crypto means.
And then they sell decentralization BS to the alt buyers. Yay, double-profit.

The so called decentralization is misleading.

It takes only 1 minute to understand that whole crypto world uses so called decentralisation as marketing and nothing can not be decentralised and be a store of value or whatsoever at the same time. Take any f*cking coin it can be centralised in one or another way and can be controlled, so what are you talking here about?

I can ask you the same question, what if tomorrow banks will stop provide withdrawal? Or what if somebody will switch off internet? What you will use bitcoing? No f*cking way you gonna be doing that, as most people eve do not understand it. Wake up.

Are you dead serious here? Bitcoin came from nowhere? Nothing comes from nowhere, same you can state that iPhone came from nowhere, or internet came from nowhere, go educate your self in this matter.

No third party, so who makes sure that double spend does not appear? who can do 51% atacks? No third party, god damn, take any bank split it to three separate entities and the same "decentralisation".

Banks can act as investors to your so called democratic coin and pump & dump it as much as they want, so you can store it anywhere you want. Same with money, you can store the either in bank or under the pillow, does change that it all goes to central bank in regards of regulations.

It requires for open-source one smart exploit to hack in whatever way, Capische? You can call it transparency or whatever you like it, but I prefer private Git ripo dudes.

I think your main problem is that you do not understand freedom, but you just use this words: transparency, trust, decentralisation without understanding of pros and cons especially in world software.

After Gox, Bitcoin lost trust and price, this is the point, without regulation, you on your own and its about you to create demand and price and prove it worth it (has value), so again where is decentralisation and blah blah?

yes.

decentralization = everyone runs validators.

Good job Random!! Looks like you got the last word in. Ripple has all the properties of a giant scam that strives to give banks and governments and unaccountable private entities control (just like our current fiat/debt system that is driving us all into bankruptcy) while preying on our desire to get rich.  From what I can see, make your money if you're already invested in Ripple but be ready to sell when fiat/debt based financial markets begin to fail in the near future and go into BTC or ETH or silver and gold.

Veritaseum is another good investment but that's for another thread ...   :)

counting the unconfirmed BTC transactions yet ? if not count for some more months till it saturates and you will know value of IOV and ripple ( with real time settlement ) ...

some day, BTC will need a different transport, once the unconfirmed TX chokes and guess which is best to transport assets including BTC ? You guessed it - Ripple.

Some day BTC will have to be bridged to real banks and services to 'actually' enter real life - through regulation layer and rulebook.. Guess who will be able to do that ? Yeah  Ripple....

Soon Japanese shops will want to accept BTC just as easily as visa and mastercard JPY payments... and cut on hours of confirmation time .... again Guess what back end will be able to deliver settlement from POS to their account in real time...

yes again - Ripple ....



btw did you and your 'Congress (http://www.barrypopik.com/index.php/new_york_city/entry/a_gathering_of_baboons_is_called_a_congress)' make up your mind on segwit or unlimited yet ?  
LMAO - either you lack basic schooling or you are a troll... choose you pick , be ashamed and go away.

Of course there's no mining involved, that would allow this "cryptocurrency" to actually be decentralised. While mining definitely isn't perfect, it sure beats a completely centralised operation like Ripple. Don't the devs own like half of all the Ripple in existence?
I mean sure, maybe Ripple is a useful tool for banks, but it certainly isn't a fucking crpytocurrency and, like banks, there's no reason to trust it.

by dev, if you mean a board of 10+ investing companies ?

As in the following ?

Because these are the people who hold the XRP, under registered entity XRPII

https://i.imgur.com/khVbsLy.png

I just can't believe the amount of FUD in here... honestly ?

anyways : Source : https://ripple.com/company/

and All the XRP held by the founding companies are held strictly under virtual currency license , and not like some onion network scam...

https://i.imgur.com/ZQ7POf3.png

Source : http://www.dfs.ny.gov/about/press/pr1606131.htm

and the company and its operation was audited last year and certified to be in good standing. It will be audited again this year in October.


here :
https://i.imgur.com/ItdkuOu.png
Source : https://appext20.dos.ny.gov/corp_public

Got any more left, please feel free to bring it on ?

Well, you just ignore the most important part ... the one this thread is about: Ripple is not decentralized.  

All you do is bring up other points "Oh they got millions from venture funds". How does this even matter? Venture funds have a failure rate of 99.5% - sounds to me more like a guarantee that it will go bust. And they get scammed all the time (https://www.cbinsights.com/blog/biggest-startup-failures/).



Haha, in no possible future scenario will Bitcoin pick up Ripple as their tech for transactions. You're delusional.


Ever heard of the Lightning Network?



It's not FUD if it's certain and without doubt: Ripple is not a crypto currency. It betrays the ideals we are fighting for. It's a bank coin for Christ's sake! And the title of this topic is a total lie.

Dude, I'm not trying to spread fear or whatever, I don't really care enough about Ripple to do that. I don't personally dislike you, but literally everything I've seen you post on this forum has been shilling for Ripple. Not necessarily a bad thing, I understand wanting a return on your investment, but perhaps the mark of someone desperate to see profit rather than who cares about a proper cryptocurrency. I'm not even saying that it's not smart investing in Ripple, who knows, but it has no real place on a crypto forum.               

Like yourself have no real place in this thread  ;)

It make me smile when crypto #2 state to have no place :D What a clown.

desperate for profit is not the same as supporting something you believe in. IOV is a great concept, and reform comes from inside. running away and pretending real world doesn't exist does not solve anything. As you said this is basically philosophical...

do you even understand IOV and responsible decentralization , where you don't allow markets cornets ? i mean seriously

i really don't care if you have a different philosophy, but stating wrong facts i swhat is called FUD, you wrote everything that is unbacked. You said dev's holding huge percent of coins when it is not true at all and held in custody of a regulated firm.

how about accepting your mistakes ha ? is that not part of your greatness and philosophy ... just coming here and writing things without any backing facts is your philosophy .. go think for yourself..

what a sorry state

first of all, I have not ignored the point  about decentralization. If many companies, universities, people and third parties run validators and ripple cannot "undo" transactions, that is the heart and core of decentralization. "lack of single person being able to modify the ledger" So what am i missing here ?

what else do you fancy as decentralization ? going buzurk, letting all control to curious hands and letting Chinese mining gangs take over ?

its called responsible decentralization by "vetting" platforms. its latest .. its better .. go figure...


Second, "the lightning" network does not have partners, you cannot disburse and "settle" funds into accounts "directly"... whatever lightning it has stops at a exchange or gateway.. and then ti has to "begg" some bank to settle fiat into someones account ... stellar/lightening -whatever - its fraud founder Jed's name is enough to put off any conversation on the table, lest alone a deal...

No body in western banking wants to deal with stellar or any fancy name that comes, if it has any association with Jed, his fraud girlfriend or the whole gang...

Whereas, lets see with ripple you can "actually" settle fiat money - right in the bank account - in 5 seconds end-to-end.... because they have already 105 partner banks who directly settle on ripple nodes in 24 countries

What are you talking about ? a tech is not everything, after tech there is regulatory approvals, clearances, licenses and registration, and then there is a whole ball game of getting banks together for good, as banks are known to be notoriously hard in relinquishing control...

but reform must include them, and they shoudl be convinced to accept a decentralized ledger. Ripple took this hard route and achieved success... while every alt coin out there pretended virtual world is everything...

I don't care if you have different philosophies, i did not come to your thread to do "mud slinging" without any backing.... "You " Came here & wrote things without "any" backing...

Yeah, to make it shitty, with the pollution from the miners.

PoW is failed. It has led to centralization of the power where the electricity is cheapest, and to chip manufacturers.

 I love aspects of bitcoin, but my heart knows i don't want to be burning 64 Exaflops for a fancy POW that does not serve any real life purpose.... it got to evolve better...... for sake of life, for sake of our forests and for the sake of our children.. we shoudl not be burning forests this way on a "unit of value exchange":

" Today the aggregate bitcoin FLOPS measurement stands at 64 exaFLOPS (64,000 petaFLOPS).  To contrast that number, this month the top 500 supercomputers combined clocked in at 0.250 exaFLOPS (250 petaFLOPS)." (https://www.forbes.com/sites/reuvencohen/2013/11/28/global-bitcoin-computing-power-now-256-times-faster-than-top-500-supercomputers-combined/#e36d2186e5e4)

there got to be a better way... . Ripple is not bitcoin replacement, i never understand why they fight and run misinformation campaigns on ripple .. but anyways ...

The thing is Ethereum is.. instead of burning for a fancy mathematical challenge it at-least executes valid contract code.

I wish this evolves and something better comes that achieves same integrity by using mathematics or knowledge .. instead of crude burning of cpu cycles...

Ok I read the whole thread and I am even more convinced that Ripple is just the way banks and old economy companies found to enter the 'blockchain' industry. Which is kinda laughable because they are the opposite of what blockchain is meant to be.
Investing in ripple is like saying the actual world economy is good and should prevail over something new that is trying to change it.
Who trusts Santander or any other bank? Dozens have gone bankrupt and took millions from the people. Venture companies are another kind of vampires and even google one of the biggest companies nowadays, is not to be trusted.  Only those who have no other choice 'trust' all of the mentioned. There might never be a real decentralized company but one has to try and build it.
Trusting a bank is like trusting your private keys to poloniex or mtgox

another hater ... no one is trusting a bank, we are trying to get them on board the reform... without healing the existing system everyone pretending real world does not exist does not work if you have not realized by now.

you are like a person who takes off on his/her kids when they are difficult to manage.

Ripple community is grown up and mature, they include banks and reform them. we live in real world. I guess you wont get it anyways... oh well worth a shot ...

As if banks are gonna join the reform...if they do it's purely for their own profit, you're naive if you believe banks have anything else in mind. I say if you want to buy XRP cause you think the price will rise then go wild, but if you really believe in their "philosophy", well, why? Unless everyone here is a bank employee who's payed to say all this crap, why would you believe in something like this?

nope for your kind information, "Finally" banks out of competition and pressure (and some guilt may be ) are opening up and might be conducting all "retail" transactions - atleast small value ones on rcl - a public block-chain with open records where banks "cannot" undo transactions. and this my friend, is the start to unlock "IOV" ... IOV is your best best to sovle inequalive.. making money flow freely from any person in any village to any person in any city of any country ... whoever needs help... labor shoudl be evaluated fairly ...

this is the true start to solve those big wall street bonus problems... that is why i believe in the philosophy... Chris larsen was a saint, go study how much he enriched himself.. silent souls are hardly recognized... now with al lthe blessings and effort of community and hard work of Ripple ppl, he is on important boards... finally have a voice to change the system ( not hide from it )

we have come a long way, there are good people inside and outside.... diseased body shoudl be tried to cure.

Do you have any idea how much fight Ripple is having with the big banking humpty dumpty called swift ?

not all good things happen in isolation... tell you what if you can't help that is fine, at-least don't harm... go your way and i wish you good luck.

Hey you too man, good luck with everything :)

No trusted third party. You don't need to trust the miners. You validate their proof of work mathematically.

They can act as investors but cannot act as regulators or policy makers. That's a significant improvement already.

I prefer to have access to the code that's managing my money. Exploits happen less often when the code is public. Hint: Linux vs Windows.

Don't assume that the regulatory forces are always benevolent. Every once in a while it so happens that their best (market) interests might just as well collide with your best interests (hint: the financial crisis in Greece).

Oh banks have big incentives to adopt blockchain ledgers: cut down the infrastructure costs by distributing their databases, replace human capital with smart contracts, and stay in the exact same business while posing as innovative and forward-thinking 8)

Your points are very good, valid and informative. I see ripple has some good people investing in it :D NOT

I am not a hater, I am seeing things as they are. Banks wont join the reform! They want to do the reform on their on way! To keep bashing powerless people and to keep controlling the countries they run on. If you can't see it then you are the hater, you are hating yourself by supporting this project.
I am off. Useless thread other than trying to trick people with less knowledge.

More food for thought: https://medium.com/the-blockchain-times/enterprise-blockchains-are-a-huge-overpromise-7ca2d19324b3 (https://medium.com/the-blockchain-times/enterprise-blockchains-are-a-huge-overpromise-7ca2d19324b3)

A friend of mine invested a significant amount in XRP two weeks ago and now I'm so glad for him.  :)

I read through this thread and I can't understand why some people hate Ripple so much. Do they really think Ripple is a competitor to bitcoin? Do they think it can replace BTC in the future? I personally always try to cast my vote for diversity, and it also goes for the world of cryptos.

Here is "philosophy" for you to send so called "fast payment" from one EU country to another EU country I have to pay 12.60EUR and this "fast payment", if happens late on Friday, will be settled only early Monday.

Can I do it much faster with any alt coin, I do, it will just take a lot of manipulations with wallets/exchanges etc. But here is the problem, a lot of people in world never heard of alt coins, and they have to be educated and adopted, and they have bank accounts that they trust more than any bitcoin and all alt coins all together.

I do not see how that makes me secure from third party? Or how it does make secure person who can not do it mathematically? You can not name something as "Store of Value" and say you trust no one in order to make it valuable.

Well ye, tell this to exchanges, wallet providers and so forth were you required KYC and that sponsored by, well, not Satoshi Nakomoto.


Hint Heart Bleed.

So, both worlds do crap as of now?

I'm totally agree with you.

Also i think that when Ripple become more common banks and legal entities will use Ripple over Bitcoin and Altcoins because of their bank accounts, taxes and tax reports. And after that their clients will use Ripple for the same reason.

The winner in this competition will be the one who will offer the best integration of cryptocurrency and blockchain technology into the existing financial system - and Ripple will do it.

... Main problems are:
1. Legal regulation
2. Taxes
3. Responsibility of a certain entity
4. Convenience for the client

and not decentralization, 51%, miners, "freedom" and Anonymity, and even not a community