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I don't like ripple at all.. they have been increasing the price in purpose since the very beginnings.. and I keep asking myself.. what do they have? nothing have been tested yet, so I wouldn't invest in it..
Ripple is a payment system, a currency exchange and a currency (XRP) needed to lubricate the two previously mentioned functions. As an XRP is just over .03 cents (US), I am confused by your comment about them 'raising the price'. I have been testing it for weeks now. I have been using it successfully to send money all over the world, instantly in several different currencies. Ripple is still in Beta, but perhaps you are looking at the wrong site.... |
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If you notice the dates, it was long before Ripple went open source. The author understandably didn't update his blog after the fact. Nor has he allowed 1 comment to be posted since. I have personally refuted every single one of the inaccuracies , however for some strange reason my post has been 'PENDING APPROVAL' for weeks. If the originator had one shred of dignity he would update his site, allow comments to refute him, etc. |
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Hasn't anyone figured out that this is just a PR thread for Ripple? Seems they hired a very exuberant intern to post on forums.
Actually, I'm an English teacher in Saudi Arabia. I remember the internet before http I remember emails before smtp I remember instant messaging before they could cross communicate. I also remember Beta vs VHS. The superior platform lost...not due to performance, but due to misinformation and marketing. I loathe paying fees to banks. I cringe every time I exchange currencies. I am frustrated by the days it takes to transfer money. I am very leery of fiat currencies. I see that Ripple is a better 'mouse trap'...that's open source...and saves me and everyone else a buttload of money. I would hate to see it fail for a non-legit reason. I have...and will continue to...research the hell out of it. Thus far, I can't find any chinks in it's armor. If you can point to something specific, and provide verifiable evidence to support your position, for goodness sake LMK so that I can get out.... |
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I recently realized that Bitcoin is actually quite similar to Ripple in the sense that in both cases there are 2 elements: a currency and a network/protocol.
In Ripple the currency is used as a kind of reserve currency to facilitate exchanges between two other currencies and as a way to avoid spam (because you have to send a small amount in XRP to send money). And in Bitcoin to be able to use the network/protocol function (even if the application or protocol you are using concerns 'non-bitcoin functions such as notary services or exchanges between different currencies or transferring ownership titles to stocks or other goods) you have to secure spots in the ledger, and these spots are bitcoins.
So both in Ripple and in Bitcoin the demand for their respective currencies springs in part from the fact that you need them in order to be able to use the network function.
Apparently there is a bridge between them as well. Bitcoin can be sent directly to and from a Ripple account without the need of a gateway. You are right that they both serve a functional value. With Bitcoin, it is the Bitcoin itself that has value. With Ripple, it is the system that has significance...specifically it's ability to deal with ANYTHING that has value.....frequent flier miles, dollars, dunkin' doughnut credits, Bitcoin, euros, etc. Comparing Bitcoin and XRP is like comparing a bowling ball to the ball bearings in the auto-return at a bowling alley. One has value to the game, the other has value to the machinery that allows for the game to be played more efficiently. |
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Ripple is simply amazing!!
If you don’t know, Ripple is actually 3 different things…
1. It is an internet protocol (like FTP, HTTP, etc.) designed for the sole purpose to federate existing financial systems the same way SMTP brought all the different email companies under one umbrella.
2. It is a market place that allows for the exchange and sale of fiat and crypto currencies.
3. It is a currency created, not to hold value, but to lubricate the system. By charging .00001 XRP per transaction …. on a scale that proportionally increases to the volume of transactions the sender creates…..it prevents spam and defends against denial of service attacks.
Comparing fiat and crypto currencies to one another is similar to comparing different kinds of cars with different features. Dollars, Bitcoin, euros, litecoin, sterling….they all have something that make them stand out.
Ripple is VERY different. Ripple is the market place to buy and sell those cars and… more importantly .. the road on which they can faster than ever before!!!
I LOVE Bitcoin...that's why I'm using Ripple....I want to see Bitcoin succeed!!!!
(If you MUST have a conceptual comparison, try this: email meets bitcoin meets western union meets the forex)
 Anyone want these? They look like bitcoins don't they? You want them? just post your ripple address and trust me for 4 'bitcoins' and I'll send them to you. I tell you what, I'll write you a check for 'em. In fact, I'll write you a check for a million dollars apiece. You will accept a check, right? Checks....also known as IOUs....have been a cornerstone of the finance industry for centuries. Surely you would take my million dollar check then, right? If you can find someone stupid enough to accept 'bitcoin checks' issued by dancupid, then send them on to me when your done...I'll see what they'll take for a million dollar check....or some magic beans.... You obviously have to exercise due diligence whenever you deposit your money anywhere....an online broker, a bank, a gateway, a mutual fund, etc. A person's willingness to accept a bad check is not a condemnation of the system. |
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Google Ventures kicked in maybe $200K from all of the research I've done, which, while no means is chump change, is chump change for Google.
I wouldn't follow that as any source for a trustworthy platform.
My research from Venture Capital Post, CNN Money, et al sources indicates that the 3.5 million came from Core Innovations, Venture 51, Camp One Ventures and IDG Partners. Additionally, an undisclosed amount of seed money came from Google Ventures, Lightspeed Venture Partners, Andreessen Horowitz, FF Angel, Vast Ventures, and The Bitcoin Opportunity Fund. Yes, the Bitcoin Opportunity Fund also. All of these organizations vetted and scrutinized Ripple to the nth degree before they just handed over their money. THAT makes it about the most trustworthy investment going in terms of potential for growth. |
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Google Ventures kicked in maybe $200K from all of the research I've done, which, while no means is chump change, is chump change for Google.
I wouldn't follow that as any source for a trustworthy platform.
The thing about all of the coins, not just ripple is that the creators mine enough coins for thenselves. By enough, I mean a lot. How much is one ripple worth? Also now that its "open source" are you able to mine it? Ripple or XRP? an XRP is worth approximately .04 cents. Ripple, the protocol and currency exchange, doesn't have a measurable 'value'. It is open source. You cannot mine XRP. An XRP is required to conduct a transaction on the Ripple payment system/currency exchange. By charging a fraction of an XRP for each transaction it prevents denial of service attacks from spamming. That's why they made a ridiculous number of them .... 100 Billion. The greater the quantity of transactions in a short period of time, the increased cost to the sender. Thus, the system can't be crippled like other internet protocols HTTPS or FTP. XRP are like ball bearing to the Ripple system. They are not the center of it. Dollars, Bitcoins, Euros, Litecoin, Yen, Sterling....those are the currencies. |
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Ripple is dead and has never lived. Just look at what TF could do with it. It's unreliable and not trustworthy.
Jeeze, dude...Ripple just went Open Source a little over a month ago....and has since gotten millions in venture capital backing from Google Venture, Andreessen Horowitz, et al. Ripple is adding hundreds of new accounts a day, have more than doubled the number of gateways, and volume has been steadily rising in every currency. Perhaps you prefer being slave to bank fees and slow transaction times....I don't. I prefer security and if slow transactions (10 minutes ain't slow) and fee's (which is only 13 euro cents at the current market price) are required for that, I will take it with both hands. TradeFortress scammed a shitload of people with fake Ripple shit. Have fun with your insecure network. What did tf do exactly with ripple? Also ya ripple is a mixture of paypal and bitcoin. If this were math, this would be the equation: 0 (paypal) * 10 (bitcoin) = 0 (ripple)!  I'm sorry, I've read your post several times and it simply doesn't make any sense to me. Why are you multiplying 0 times 10 exactly? What does the 0 represent? Why are you multiplying...in lieu of squaring, subtracting, dividing, etc.? Are you talking about XRP or the Ripple system? Again....perhaps I'm a bit daft, but I'm not getting the meaning of your post at all. 0 is what its ranked. IMO paypal sucks. 10 = bitcoin = AWESOME. I multiplied so I can get 0 which is what I think that ripple is. Its a mix between paypal and BTC and thats just not right. So, since 0 = the number of facts you present about paypal 0 = the relevance of paypal to this topic thread 0 = the number of facts used to quality your position about BTC 0 = is the amount of logic behind your choice to multiply Then…. 0 = is the amount that I care. If you cannot support your position with one shred of empirical evidence, then please don’t waste my time nor that of the reader’s of this forum with your inane babble. |
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The advantage of the Ripple system is that you can send any amount of money, to anyone, any where, at any time, in any currency, instantly for next to nothing. So, if I wanna send some money to my parents....or if I want to exchange money before I go on a trip....or if I want to loan a friend some dough....etc. Pretty much anything that you do with normal money....just instantly and without all those damn bank fees, transaction fees, etc.
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XRP dropped in value in tandem with all of the 'coins' due to statements made by the Chinese and French governments about the validity of such currencies.
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Ripple is dead and has never lived. Just look at what TF could do with it. It's unreliable and not trustworthy.
Jeeze, dude...Ripple just went Open Source a little over a month ago....and has since gotten millions in venture capital backing from Google Venture, Andreessen Horowitz, et al. Ripple is adding hundreds of new accounts a day, have more than doubled the number of gateways, and volume has been steadily rising in every currency. Perhaps you prefer being slave to bank fees and slow transaction times....I don't. I prefer security and if slow transactions (10 minutes ain't slow) and fee's (which is only 13 euro cents at the current market price) are required for that, I will take it with both hands. TradeFortress scammed a shitload of people with fake Ripple shit. Have fun with your insecure network. What did tf do exactly with ripple? Also ya ripple is a mixture of paypal and bitcoin. If this were math, this would be the equation: 0 (paypal) * 10 (bitcoin) = 0 (ripple)! I'm sorry, I've read your post several times and it simply doesn't make any sense to me. Why are you multiplying 0 times 10 exactly? What does the 0 represent? Why are you multiplying...in lieu of squaring, subtracting, dividing, etc.? Are you talking about XRP or the Ripple system? Again....perhaps I'm a bit daft, but I'm not getting the meaning of your post at all. |
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I like the idea in ripple but how do you use it exactly with bitcoin? Do you have some real life examples where you have used it and it was easier to use than via 'normal' banks?
Well…I’m an American, but I work in Saudi Arabia. I can now send money home to my family in Kentucky as quickly as I can reach in my wallet and hand cash to the guy next to me. So, a specific example: My friend wanted to get into Ripple. He opened an account. I had a Bitcoin in Ripple that I deposited at Bitstamp several weeks ago. (Bitstamp is Ripple gateway that I have vetted thoroughly) I sent the BTC to my friend (instantly). He wanted it quickly because he thinks that XRP are cheap and will go up in value. I don’t disagree, but Ripple is a payment system first and foremost….and a currency exchange secondly. It’s not really an investment vehicle like stock, CDs, Bitcoin, gold, etc. So, anyhow, I sent him the coin instantly. In terms of him paying me?…well, he’s using the traditional bank to bank transfer. We’re in the middle of day 2 now. It should take him 3 ‘business days’….which is a polite way of saying ‘a long-ass time’ given weekends and holidays that get in the way (both here in Saudi and in America). Cheers! |
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You can always accept 0 confirmation transaction. Anyway, Bitcoin hasn't been created for small transaction, but that doesn't mean that it can't be used for it. You just have to wait a bit. Also, the dev's could make changes to the protocol to improve it.
You can't exploit the Bitcoin protocol like you can with Ripple. Normal people don't want to check stuff, it's way to complicated for them. They trust big networks (like TradeFortress had) and lose their money, because the stuff they got was worthless. (Thanks Aahzman, for proving my point).
A normal person can barely grasp Bitcoin and Ripple is even harder then that.
I'm with ya'!! Normal people don't wanna check stuff. With brick and mortar banks and physical stock certificates, it was much easier. Unfortunately, in a blossoming new sector like this, you can't accept just anyone as being a Ripple gateway. I've heard many comparisons of Bitcoin to gold....and that's exactly how I view it. I LIKE the fact that it takes 10 minutes. It gives Bitcoin gravitas. I hope Ripple Labs uses the moola that they just got in a vetted competition for venture capital to narrow the learning curve of Ripple for people....because, you're right, it is a bit daunting. Hell, it took me a over a week and a group of 4 friends to conceptualize it. The easiest way to understand the Ripple system is to think of it as a checking account. You deposit money in a bank (Gateway)...they give you a bunch of IOUs (checks). You can have a check made out in advance for a friend at $10 (create a 'trustline' of $10)....and he can pass it along to whoever he wants (Fill in the Pay To The Order Of). When it gets back to the bank (Gateway) it is redeemed for currency. .... Unlike banks though, it can be done instantly, to anyone, anywhere, at anytime, in any currency without those DAMN fees that the bank keeps charging me!! XRP is merely the container/envelope/postage stamp for that service. It's function is to prevent morons from overwhelming the system with b.s. transactions. XRP is not an investment. It's a tool. THAT is cool! :-) |
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I had 40K ripple. I tried to move it to my WeExchange account. It "got lost", and was never seen again, despite transaction confirmations and info.
Obviously, I'm a noob on this forum. I'm not trying an ad hominem attack, but....why do they have SCAMMER written under your username? |
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Ripple is dead and has never lived. Just look at what TF could do with it. It's unreliable and not trustworthy.
Jeeze, dude...Ripple just went Open Source a little over a month ago....and has since gotten millions in venture capital backing from Google Venture, Andreessen Horowitz, et al. Ripple is adding hundreds of new accounts a day, have more than doubled the number of gateways, and volume has been steadily rising in every currency. Perhaps you prefer being slave to bank fees and slow transaction times....I don't. I prefer security and if slow transactions (10 minutes ain't slow) and fee's (which is only 13 euro cents at the current market price) are required for that, I will take it with both hands. TradeFortress scammed a shitload of people with fake Ripple shit. Have fun with your insecure network. In POS ... point of sale... transactions ten minutes is a LIFETIME. Trying to do a 10 minute transaction at McDonalds or the supermarket is insane....the sliding credit card copier would be faster!! Bitcoin can only be mainstreamed if it has an expeditious delivery system like Ripple. Exercising due diligence before depositing your money anywhere is common sense. You know, checking who they bank with, what licenses they have, etc. You don't just send money to the first business that contacts you from Nigeria with promises of wealth....that'd be retarded. Federating all the existing financial systems under 1 umbrella is where we have to go next. Thus far, Ripple is the first, best and only solution. |
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Ripple is dead and has never lived. Just look at what TF could do with it. It's unreliable and not trustworthy.
Jeeze, dude...Ripple just went Open Source a little over a month ago....and has since gotten millions in venture capital backing from Google Venture, Andreessen Horowitz, et al. Ripple is adding hundreds of new accounts a day, have more than doubled the number of gateways, and volume has been steadily rising in every currency. Perhaps you prefer being slave to bank fees and slow transaction times....I don't. |
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Totally agree ripple is awesome, The concept does take a bit of getting used to especially if you're new to CC.
I definitely believe it has a lot of potential, There is a lot of misunderstanding of Ripple atm and a lot of detractors who do believe the currency XRP is too centralised for their liking. I personally find the open sourced Ripple protocol and the decentralised echange a lot more interesting and if operated correctly is a game changer for Bitcoin and International finance.
I do believe it's a bit scattered at the moment with a lot users utilising it differently, somewhere users could communicate and form partnerships on or off Ripple would be great.
I found a website called the Ripple Federation. I think it might be what your looking for. http://ripplefederation.orgLots of good stuff there :-) |
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