Bitcoin Forum

http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/


Ripple is looking pretty legitimate right now  :o

https://ripple.com/ripple-mm.pdf

Ripplescam.org

Please stop misleading noobs to a site written by a known and publicly humiliated SCAMMER. That site is the scam and has been debunked numerous times. Ripple is now implemented into a legitimate banking infrastructure. But why do I bother? I want people like you to miss the boat. Ripple is just too complicated for some people to understand so they let scammers (TradeFortress) brainwash them.

https://i.imgur.com/UOazp1y.png

Wow, thanks for that info !
Maybe the price should scyrocket now ??

This is great news for entire crypto community. Finally financial institution as gotten on board :)

You're talking about Ripple payment protocol. Which is different from Ripple the coin. But it could still be a boost for the coin Ripple I guess.

Just waiting for the day when the Ripple price rises to 1$. Personally I put Ripple on the same level as BTC.

Ripple is constantly decreasing in value...I guess just like btc at this point...

This is a huge deal for Ripple.  If Ripple can get a few major banks from the top 20 countries as a start, I think it could really build momentum and take over as a payment system.  I am a big fan of bitcoin and own a lot of bitcoin and only a pinch of XRP.  There really isn't much point in owning XRP though in the same way people want to own bitcoin.  XRPs main benefit and really only benefit to me is just as an antispam taxing measure.  People call Ripple a scam because XRP is all premined, but they are missing the point.  XRP isn't really suppose to be worth much anyway and is just used to facilitate transaction fees, so really who cares who owns it; it just means they owners of the xrp own a whole lot of nothing.  It is the Dollar, Euro, RMB, Gold, Silver, bitcoin ect. in the system that is suppose to be valuable.  Until now there weren't enough big banks willing to support the platform, but if Ripple gets more, it could really turn into an amazing platform for making transactions.  The tech as far as capability and uses is sooooooo far more advanced than bitcoin in just about every way.  The problem is that it doesn't hold true to the completely decentralized ideal that bitcoin was built on, but instead settles for distributed.  Ripple can really hurt bitcoin if it gets more big players playing into its system.  Right now nobody wants to play because nobody else uses it, but how can they get people to use it if nobody wants to play.  It is the huge boot strapping dilemma.  

Yes I am talking about the Ripple protocol, not Ripples (XRP).

Everybody beware of the liar.

Ripple is a great project and I'm happy that they closed this deal. It's a very good sign that financial institutions are starting to use it.

Isn't ripple centralised? This is pretty much giving up what we started, and that was INDEPENDENT transactions , NOT regulated fee for service hucksters!

Yes. Ripple is centralized and completely controlled by a single organization. Basically, it's like an anti-bitcoin network.

http://en.wikipedia.org/wiki/Ripple_Labs

It looks like the ripple price started to slowly grow after the announcement :)

Here are the facts:

Ripple is ponzi scheme. You can see in an interview to one of the founders that he says they will not give 40% of the coins. He says they will use it to to fund and pay the costs of the company.

This means ripple is not different from other premined shit coins, and it is not descentralized because the coins are controlled by a for-profit organization.

So please stop promoting this scam.

Fact that there is real company behind it with accredited investors (google, andressen horowitz and other) is enough to make it not scam. I hope more banks come aboard because ripple really solves some serious issues in banking today.

If someone can create a ripple clone which is decentralised and open source then it will be big. Otherwise it will keep getting shunned by most.

I am trading with dollars too :) and how are you buying your bitcoins? with chickens?

LOL

Actually in Ripple you can easily create "chicken" IOUs, each worth 1 chicken and trade them :D

Ripple is not even a cryptocurrency, why do you post here?

Also,
Literally who?

Fidor Bank. A smaller German bank. They are quite an "inventive" bunch, e.g. as far as I know they backing bitcoin.de too.

I'm shocked at the pace at which the mainstream is adopting crypto.

MIT didn't pick it as one of 2014 Worlds 50 Smartest because it was a scam.

..and the VP of the St. Louis Federal Reserve didn't call it the "big winner" because it was a ponzi scheme.

Perhaps a few of the neanderthals in this thread need to drag their knuckles over to Google (also a backer of Ripple, btw) and do some research.


The Ripple network has gateways in Mexico, New Zealand, England, the US, Malta, Singapore, Canada, China, Turkey, Japan, Israel, Norway, etc. It's not subject to 51% attack or malleability. It does 1,000s of transactions per second (vs. BTCs 7) and takes seconds for validation (vs. BTCs 10 to 60 minutes). It can handle every crypto currency in existence, as well as every fiat currency and commodity. It is a distributed exchange on a decentralized protocol.

Keep putting bandaids on BTC.....'colored coins', 'black wallets', 'master coins', etc......and make it a patchwork of wasteful, vulnerable, complicated crap....just so it can inefficiently do what Ripple was designed to do from the ground up.....

Bitcoin....the MicroSoft Windows of electronic currency.

the real question is where are the other 92billion coins. market cap is reading the total coins as 7.9billion instead of 99.99billion

There are interesting things happening with alt coins such as black coin. The black coin team has signed up to a service allowing people to pay for things with black coins in any shop with a special POS terminal. Although very few shops are likely to have them now, in a few years these POS terminals could be everywhere.

there was splash, proposed by a nakamoto looking fella https://bitcointalk.org/index.php?topic=372486.msg6532094#msg6532094, but that project doesn't look to be coming to fruition anytime soon.


it's currencycloud which leverages ripple, fidor hops on their back.
and so the potential outreach for technology like ripple is larger than just 1 bank. It's essentially API which can plug in for p2p applications making use of ripple.

In established , more heavily regulated Fintech circles (beyond few crypto enthusiasts on forum) it's getting lot of positive attention

This is cute. I don't think you can even mine Ripple.

Yeah there is no mining involved. Just lots of TradeFortress alt accounts  ::)

can someone explain me why their currency ripples (?) is needed? or what the purpose of this currency is. I understand that their gateways and platform have some value and are interesting but I do not get the use of their currency.

See:

• https://ripple.com/ripple_primer.pdf (https://ripple.com/ripple_primer.pdf)
• https://ripple.com/ripple-mm.pdf (https://ripple.com/ripple-mm.pdf)

Nxt  is becoming mainstream,Then other alts like PPC

Weeks ago i changed my bank account from "Sparkasse" to Fidor. Yesterday i converted all my bitcoins in ripple.

Ripple is Bitcoin 2.0!

Ripple Labs Releases Downloadable Ripple Client
https://ripple.com/blog/ripple-labs-releases-downloadable-ripple-client/