Like I said we already have a distributed exchange where i can trust different entities.
See Trust: 19: -0 / +23(23)
Saying that Ripple network is a trust network is like saying that swiss knife is a bottle opener, it's better to say that bottle opening is one of it's features. Point is in p2p, as long as Bitcoin Exchanges are websites every single one of them could be closed very fast if bitcoin is declared illegal by some government. On the other hand, if exchanges are integrated into p2p network, just like it's done in Ripple network, it's really complicated for anyone to shut it down, just look at torrent network, it's still alive, every government in the world wants to close it, but no one has the tools for that job. Ripple is the best complementary tool for Bitcoin, if it succeed, it will make Bitcoin bulletproof. |
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Easiest Ripple definition:
Ripple Network - Any Currency Exchange P2P Network
XRP - liquidity based currency
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I dont care if it is open source or not. What kills me is it doesn't do anything it doesn't solve one problem. It is a little reading but i thought the responses by Joel katz (I believe a developer on the ripple project.) where very interesting. Looks to me like even he admits ripple doesnt work. https://bitcointalk.org/index.php?topic=290914.msg3124372#msg3124372 here is the thread. here is a quote Quote from: JoelKatz on Today at 04:46:07 PM Quote from: sublime5447 on Today at 03:53:44 PM you are letting you bias against paypal influence your thinking. It might be hard for you to figure out a system to trade bitcoin it wouldnt be a problem for paypal, but would make ripple totally irrelevant. "Quite the contrary, that would be great for Ripple. Ripple currently has the same problem Bitcoin does -- it's hard to get fiat money into and out of the system because of exactly the problems I'm trying to draw attention to here -- it's hard to mix soft money and hard money systems. If people could easily buy and sell Bitcoins, that would make it much easier for them to get money into and out of Ripple because Bitcoins are hard money." Does anyone else find this laughable? ripple was sold as an easier way to get bitcoin! If people can just buy bitcoin they wouldn't have any need for ripple! Any fool can see that. You are mixing Ripple network with XRP, those are two separate entities, read my previous post and you will see why it will be easier to buy btc via Ripple network. |
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Ripple will be the network of all networks...
Ripple Bridge Protocol
A bridge protocol is an addition to RTXP that allows payments from Ripple to external networks. For example, the Bitcoin Bridge allows Ripple payments to be sent to any Bitcoin address. Other bridges are being developed, including an email bridge, a SMS bridge, and a bank-account bridge. Ultimately, bridge protocols will allow Ripple payments to be sent to any kind of account.
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Actually whoever invests in ripple now is making a huge mistake.
Ripple is not just a alt-coin, it's a payment system that makes easier for people in countries with rigid bank regulations to move their money, so I really think that OpenCoin made a good move, it's like they asked me for advice  can You point me to an URL to get more info about their payment system? can I use them to get payments in BTC and do Pay outs in BTC for my website? Read this pages for Ripple merchants: https://ripple.com/partners/thanks I have read it. ok sounds good but is there some one who has already used it and can give some feedback? cheers I haven't been using Ripple as a merchant, so I can't talk about that side of Ripple. On the other side, I think you don't need to become a Ripple merchant at all, your bitcoin enabled website is just fine. You just need to offer your services to Ripple community, because every Rippler can make a direct payment to any bitcoin address from his Ripple wallet via something called "Bitcoin Bridge". Basically, every Rippler is actually Bitcoiner too |
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Actually whoever invests in ripple now is making a huge mistake.
Ripple is not just a alt-coin, it's a payment system that makes easier for people in countries with rigid bank regulations to move their money, so I really think that OpenCoin made a good move, it's like they asked me for advice can You point me to an URL to get more info about their payment system? can I use them to get payments in BTC and do Pay outs in BTC for my website? Read this pages for Ripple merchants: https://ripple.com/partners/ |
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The most telling thing about OC Ripple is how everyone defending it makes such terribly flimsy, not-even-trying arguments. Without exception they give off the impression that they are merely to continue firing back even if all they have left to load in their cannon is wet noodles. "It's open source because it hasn't been released with a closed source license"? I can't even imagine a more tepid and transparent response.
OCRipple remains the most boneheadedly galling and brazen ploy since pirate@40.
It hasn't been released yet at all, nor under open-source, nor under closed-source licence, it's planned to be open-source when it's released. Do you realize that your argument is that Ripple supporters are wrong? |
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Just imagine the future situation when all those AML verifications on BTC Exchange Websites become pay the btc taxes buddy (in my opinion those will be pretty unfair big %) or you're going to jail because you are money launderer By that time, every household will have a copy of open-sourced Rippled server, like all the people have the copy of Bitcoin client right now. THEN you will see, what I was talking about and why it's important to have exchange INSIDE p2p network. |
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I've been watching what is going on in OpenCoin lately and they are constantly hiring new developers, designers... They started to communicate on their forum, 5 days ago they got their new Director of Communication, new videos are appearing, website is redesigned, I have an impression that they are in a hurry. I think they are in a hurry because they are preparing something for Money2020: http://www.money2020.com/https://ripple.com/blog/win-free-tickets-to-the-exclusive-money2020-ripple-developer-conference-and-50000-xrp/They have a long list of speakers: Welcome and Introduction – Chris Larsen, CEO Ripple Technical Overview – Stefan Thomas, CTO Integrating with Ripple for Merchants and Gateways – Bob Way, Integration Engineer and Brian Keller-Heikkila, CTO of ZipZap, Inc. Ripple Architecture and Advanced Uses – David Schwartz, Chief Cryptographer and Denis Kiselev, Founder and CEO of SnapSwap, Inc. and at the last day a Ripple Dev Con will occur. |
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It has been "released" the network was in use. If it was an internal closed testnet that would be one thing but the network has been released to the public.
Have you ever heard of open-beta? Beta doesn't magically make it open-source. Bitcoin is considered an open-beta and the source code is available. Imagine that. Microsoft Windows 8.1 Preview ( http://windows.microsoft.com/en-us/windows-8/preview) Closed Source, Beta Bitcoin Open Source, Beta Ripple Closed Source, Beta I agree, beta doesn't magically make it open source, but you must agree that it doesn't make it closed-source neither, that is something that is determined when software is officially released. |
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It has been "released" the network was in use. If it was an internal closed testnet that would be one thing but the network has been released to the public.
Have you ever heard of open-beta? |
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How is ripple secure if nobody is mining/hashing it
Ripple is completely secure, here's more visual example, how Ripple Consensus works: http://vimeo.com/64405422 |
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This is why everyone including me thinks ripple is pretty much a scam, they seem to be operating on hype a lot like butterfly labs do and they're keeping everything closed source and hush hush, yeah like I'm going to trust that kind of organisation that also happens to have access to infinite ripples they can quite literally create on a whim. Trust me, you're not the only one who is deeply suspicious of ripple, it's a bit like how a lot of cinemas operate by saying that you can't bring in outside food and stuff and then charge you stupid amounts for their own stuff when you get in.
I'm using Ripple network for about 5 months, network works fine for me. |
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why the hell is ripple so hard to get your hands on for the actual chart price? 1 BTC at bitstamp gets me 12287 XRP, yet to get one BTC selling back to bitstamp from in ripple costs 20,640.0012 , WTF ! thats one hell of a markup
if they want ripple to work, open up the real price and take your .3% trade like all other exchanges do. why so restricted ? they bought a crap load early on in the game i think, and they wanna make their money back on it.
anyone know of an exchange or site thats good for trading ripple ? I bought 3 BTC of it, thank god it was back when BTC was $70 and ripple was about todays BTC rate.
Better option is to withdraw BTC from Bitstamp to Ripple network and then to exchange BTC IOU for XRP inside Ripple network. |
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Anyone whose Bitcoin Forum account was created before February 19, 2013, 18:45 UTC, is eligible to receive XRP.
I think it's over. |
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It's always hard to accept the change and Ripple is a change and it's change to better, next step in the crypto-currency revolution. First time, I saw a bitcoin, I said this is not a solution for my problem, this has no future... Boy, I was wrong So, I can understand why many people have doubts about Ripple. Main thing that makes Bitcoin vulnerable are exchange websites. One, could say, so what... Bitcoin can work without exchanges, but that is wrong, they are needed in order for Bitcoin to be successful, it would be really hard to determine btc value without them, so btc would probably lose clients and it's value really fast. What is the point of having P2P crypto-currency, when you don't have a P2P exchange? Then, it's not P2P and when it's not P2P, it's not de-centralized. Ripple comes to BTC as it's best friend and solves BTC main problem by integrating exchanges into P2P network. Bitcoin and Ripple are completely complementary tools, they are not confronted at all. P2P is the essence... P2P content ---> P2P money ---> P2P money + every possible currency + exchanges ---> Thank you Satoshi, you are a genius |
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Thirdly, there is no other place that takes XRP for anything except for ripple.
With the latest feature called "Bitcoin Bridge" Ripple wallet is essentially Bitcoin Online Wallet, you can make a payment to any Bitcoin address. |
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OK, here's the old BitcoinTalk "Ripple GiveAway" thread where all of these scam accusations started: https://bitcointalk.org/index.php?topic=145506.0On the first page there are four posts which were completely different and then got edited with some red font text saying that Ripple is a scam. Well, many people don't know that those users were actually paid to do that, someone offered them $550 to do that: https://bitcointalk.org/index.php?topic=212730.0Think twice why would someone pay $550 to someone, just to edit his post and spread negative sentiment about Ripple? It's probably because he wants to buy as much Ripple's as possible, before XRP skyrockets to the sky. There are currently 11656475BTC in circulation with the price of 1BTC = 134,6$ On the other hand, currently there are 1,5 billion XRP in circulation with the price of 1XRP = 0.0056$ Do the math is it profitable for someone to spread false accusation about Ripple and buy a large stash of XRP at that price... |
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Ripple will be remembered as the first really large scale scam in the crypto economy.
How could it be a scam? It's the p2p network, it's not node dependent. If btc is a p2p money, ripple is multiple p2p money PLUS exchange PLUS payment system, it has a bunch of features, it will be bulletproof, next step in crypto economy. You are more concerned with who owns majority of ripples, we'll here they are: www.opencoin.com, you can see their faces. Do you know who owns majority of bitcoins? Who is Pirate? Who are the owners of most bitcoin businesses? |
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