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Title: What effect would a multi-currency payment app have on Bitcoin? Post by: CryptoNews on January 22, 2014, 10:50:48 PM http://cryptocurrencynews.wordpress.com/2014/01/22/the-app-that-could-kill-bitcoin/
Title: Re: What effect would a multi-currency payment app have on Bitcoin? Post by: franky1 on January 22, 2014, 11:03:17 PM nah, not really. everyone knows that a large percentage of alt coins are just copies of the bitcoin code with alterations. there are not many coins that code is 100% made from scratch. and as such this alone keeps bitcoin on top.
the only difference people would use another coin over bitcoin is if bitcoins features did not meet the publics preferences. basically speaking if LUKE JR decides to mess with bitcoin more then he has and do things that are not good for the community, then people will begin moving to a different coin. Title: Re: What effect would a multi-currency payment app have on Bitcoin? Post by: Mitzplik on January 22, 2014, 11:11:42 PM http://cryptocurrencynews.wordpress.com/2014/01/22/the-app-that-could-kill-bitcoin/ multi-currency payment app? Like ripple? Title: Re: What effect would a multi-currency payment app have on Bitcoin? Post by: qiwoman on January 22, 2014, 11:15:39 PM Any multi currency or added technological advancement can only enhance the use and popularity of Bitcoin. As it spawns innovation to a new level it will always be what all other digital coins are measured up against. I don't see it can do any harm for Bitcoin personally.
Title: Re: What effect would a multi-currency payment app have on Bitcoin? Post by: Lauda on January 22, 2014, 11:19:11 PM Bad article. It wouldn't touch Bitcoin, maybe even have a positive outcome, if any.
Title: Re: What effect would a multi-currency payment app have on Bitcoin? Post by: hypostatization on January 23, 2014, 03:00:17 AM Ripple serves this function.
Ripple is not intended to replace Bitcoin, nor will it. Each focuses on solving a separate and distinct set of problems. Ripple complements Bitcoin. Bitcoin is currency 2.0, whereas Ripple is more accurately described as financial TCP/IP 2.0. Ripple is designed specifically for transacting external currencies. https://ripple.com/wiki/Introduction_to_Ripple_for_Bitcoiners#Bitcoin_and_Ripple_Work_Great_Together (https://ripple.com/wiki/Introduction_to_Ripple_for_Bitcoiners#Bitcoin_and_Ripple_Work_Great_Together) A reputed scammer (https://www.google.com/search?q=tradefortress) with vested interests (https://www.google.com/#q=inputs.io) led a campaign against it that has spread a lot of misunderstanding. An outdated and inaccurate (http://ripplescam.org/) paranoid attack site is a vestige of this effort. Here is the Ripple source code, in case anyone is interested: https://github.com/ripple (https://github.com/ripple) Ripple vs. Bitcoin is a dead and tired argument. Bitcoin is not going anywhere, but it is increasingly beholden to centralized exchanges and payment processors. Ripple offers a means of addressing those concerns. Ripple vs. Circle vs. Coinbase vs. MtGox vs. Cryptsy vs. inputs.io is exactly where Ripple merits reconsideration. XRP is the principle remaining source of angst toward Ripple. Ripple implements a lot of great functionality, like cross-currency payments and decentralized exchange---and is working toward full implementation of other impressive features:
If you hate XRP, check out Splash: https://bitcointalk.org/index.php?topic=372486.0 (https://bitcointalk.org/index.php?topic=372486.0) Ripple brings a lot of innovation to the table---consider ripping it off, before dismissing it outright ;) |