Ripple need to open its source and prove it's fair.
My logic is that Ripple will be open-source when it's done, it's still in beta, but when it's done and open-source, it will gain some popularity, small investments will move the price rapidly, so I would be late for the status of early-adopter. I made my decision based on that, for me it's better to be a early adopter then to be late adopter. If you think it's better to wait it to become a open-source, then stick to your decision, we are all grown-up individuals and we are responsible for our decisions, future will prove who made better one's. Your "logic" is irrelevant since you have no engineering or financial industry expertise. Ripple is waaaaay too complex... to be understood and evaluated by random people. Well I said "my" logic, it's relevant to me, if you don't like it you can ignore it. Please, if you know something about Ripple, talk about that, let's talk in arguments, it's really a time wasting activity to analyze who I am, when you don't know nothing about me... Ripple is not a space technology, it's not necessary to have a expertise or engineering degree (although I have a master degree in engineering) to understand how it works, I'm not going to build Ripple from scratch, I'm going to use it. I've been using Ripple for a 5 months and nothing scary happened, at least I was brave enough to try something new and time will tell was that a good move or not. |
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Ripple need to open its source and prove it's fair.
My logic is that Ripple will be open-source when it's done, it's still in beta, but when it's done and open-source, it will gain some popularity, small investments will move the price rapidly, so I would be late for the status of early-adopter. I made my decision based on that, for me it's better to be a early adopter then to be late adopter. If you think it's better to wait it to become a open-source, then stick to your decision, we are all grown-up individuals and we are responsible for our decisions, future will prove who made better one's. |
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Actually whoever invests in ripple now is making a huge mistake.
Who thought of the name 'ripple'?? I don't think this is a good name at all. The cost of buying ripples is too high, considering how many are going to be in circulation. I see no reason to buy at such high prices. 100 billion XRP were created, it's estimated that 1.5 billion XRP are currently in circulation. |
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I decided to make a wallet for ripple, then I found out that it's closed source and controlled by a for profit corporation.
I don't think we can trust a single entity to give away every single coin in a system.
Ripple is shit. I'm mining New Bitcoin now, What we really need is an alt like New Bitcoin only about 64 times faster. Something like bitcoin only 256 times the blocks (still halving every 4 years) Transactions would confirm in 14-15 seconds and ripple would have no market.
Maybe ripple should be considered a scam. The whole system is dangerous and may collapse. I'm not willing to take such risks.
Ripple is not a scam, find one single person who got scammed by OpenCoin. It's already explained in this thread about Ripple not being open-source and pre-mined, so it would be nice to hear some arguments from both sides in order to make this discussion more constructive and not to repeat ourselves. |
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Centralized, premined, and closed source. Shifts around debt rather than actual value. It would be completely dead if it wasn't leeching off bitcoin, like some sort of parasite.
Shame on you for supporting such shit.
I don't have nothing to be shamed about. It's my decision and my investment, it's my business where I will invest or not to invest. As much as you have the right to have your own opinion, I have the right to have my own opinion. It's best for everyone that both sentiments are heard. You are being lied to by dozens of Ripple Stooges. Now you have become a Ripple Dupe. Congratulations. XRP trading volume is about 10% of what it was 2-3 months ago... The network is a Ghost Town. http://bitcoincharts.com/charts/rippleXRP#rg60zigDailyztgSzm1g10zm2g25zvThere is a problem with bitcoincharts reporting ripple price and volume, sometimes chart is stucked, so take that graphs with a grain of salt. http://xrp.webr3.org/btc-xrp graphs are real-time, but sometimes they get stucked too... |
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i logged into my ripple account the other only to find that all bu6t 50 of my ripples had been transferred to another address, and there doesn't seem to be anything I can do about it, not good.
never had this problem with bitcoins, i wont be using ripple again
Sorry to hear that, next time use long, unique and complicated password with numbers, symbols etc...  |
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Ripple will never be open source. It is just the bait to build the network. Once it is large enough there is little reason to open source it.
Would the arrival of the day men with guns show up to confiscate hardware and shut it down increase the likelihood they release as open source? Today Ripple is being used as the successor to the "redeemable code" -- a debt-based voucher. Releasing as open source is the only way for that network to continue after such an event. With all due respect Mr.Gornick, but that is just one of the Ripple features. For me Ripple is not a Bitcoin competitor, so: Ripple != Bitcoin it's more like: Ripple = Bitcoin + MtGox (or Bitstamp, BTC-e....etc.) Is MtGox centralized? Is MtGox open-source? Who many of Bitcoin traders are using a Bitcoin in de-centralized fashion, for example without exchange websites? I think maybe up to 5%... |
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Centralized, premined, and closed source. Shifts around debt rather than actual value. It would be completely dead if it wasn't leeching off bitcoin, like some sort of parasite.
Shame on you for supporting such shit.
I don't have nothing to be shamed about. It's my decision and my investment, it's my business where I will invest or not to invest. As much as you have the right to have your own opinion, I have the right to have my own opinion. It's best for everyone that both sentiments are heard. |
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Once again the CODE ALREADY EXISTS. They don't need to "work hard" to release it as open source. They just do it. They could do it in all of 5 minutes if they wanted to. Over a year later and they haven't .... that means they don't WANT to release the source code.
Ripple will never be open source. It is just the bait to build the network. Once it is large enough there is little reason to open source it. Does a lack of open source hurt PayPal?
This. OP you're an obvious Ripple supporter. Most likely Ripple will never be open source. It takes a few minutes to make your code open source, not a few years. Yes, I'm a Ripple supporter, why not? I have invested a lot in btc, I also invested in Ripple. I spend a lot of time doing research about Ripple and when I was sure that it's safe, I invested in it. First, I shared a wide spread opinion that it's a fraud, but after I did some more research, I found that it's a safe and a good investment. My money is in Ripple for about 5 months and they didn't scammed me. I don't want to promote Ripple, it's OpenCoin's business, but I think that Bitcoin community is unfair about Ripple. There is a reason why Ripple code is not open-sourced yet, they want to make code more secure, before they go with it in public. Part of the code is publicly available, part is not. For me as a Ripple investor, it would be a disaster if they release the code to the public, before it's a double-checked and with security holes, so I don't have a problem with Ripple not being open-source at this moment, I have patience, it's still beta. |
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They aren't "working hard" at open sourcing it. The code exists, you release it with open source license .... TADA it is open source.
Ripple is simply bait and switch. Ripple has no good mechanism to handle fradulent servers so they won't open source it. Of course saying that means it is a DOA so they will let it linger on with the bait of open source. It has been years and it is no closer to being open source then when initially promised. In a couple more years once it has enough marketshare it will morph to "an open network" which is marketing for closed source but anyone can obtain a license to run a server. OpenCoin will issue and revoke licenses of peers to ensure that only compliant ones exist.
Well, who can determine are they working hard or not? What I know for sure is that OpenCoin recently hired Nikolaos D. Bougalis (Senior Software Engineer), his full-time job is open-sourcing Ripple, read about it here: https://ripple.com/forum/viewtopic.php?f=1&t=3557 |
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I don't like ripple just because it's closed source and 'premined' in a sense.
Those 2 are the main problems with it. I don't have a problem with it, they are serious and transparent company, it's clear who they are: https://opencoin.com/OpenCoin is backed by investors like Google Ventures, they are working hard on open-sourcing Ripple and their team is constantly growing and communicating on their forum: https://ripple.com/forum/Also, I haven't seen in the past any kind of pre-mined coins misuse by OpenCoin, they release XRP via giveaways and donations. For me, Ripple is a future internet financial eco-system, if it succeed it will probably overgrow bitcoin, but I don't see them as a competitors, I see them more like complementary tools. |
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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  Ripple isn't an alt-coin. Ripple is only a payment system (like paypal and others), but based on peer-to-peer system. Ripple IS alt-coin (XRP) + payment system (Ripple network) |
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meh, my country is never gonna allow something like ripple, I've made this sure with my dad.  GL in other ones tho Actually, there are already two official Chinese gateways: 1. RippleCN 2. RippleChina http://www.xrpga.org/gateways.html |
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I don't know, OpenCoin is working fast to make Ripple open-source, it's currently their first priority. According to https://ripplecharts.com/markets RippleChina trade volume in the last 24h is 392,345,613.01 XRP, OpenCoin representatives are talking that their "federation protocol" is capable to very rapidly enable millions of people to make Ripple payments. |
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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 |
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http://v.youku.com/v_show/id_XNjAzMzE3Nzg0.htmlI think it's a good strategy, China is a huge potential market for XRP. Currently, it's pretty complicated for Chinese people who live abroad to send money to their relative's in China and Ripple seems to be the right tool for that job.
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Fundamentals say ripple will likely fail. Broken centralized system.
Things will be different in the future, it's planned for Ripple to be open-source and decentralized, also Ripple network could function in the future without OpenCoin Inc... |
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Two days ago Ripple was 1BTC = 45 000XRP and today it's 1BTC = 18 000XRP, I like Ripple because of high volatility.
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Things have changed in the last couple of days, Ripple was on his knees went from 1BTC = 5500XRP to gigantic 1BTC = 45 000 XRP and then reversal happened, probably due to the fact that it gained some media attention because of donation to “New Jersey Needs You” Mentorship Program.  Second and very important fact is that OpenCoin members started to communicate more with the Ripple community on Ripple forum. Third fact is that market became very underpriced, there were almost no bids on market, everyone was holding IOU and logical step was a reversal. Currently, it's 1BTC = 20 000XRP, probably we will see prices below 1BTC = 10 000XRP in the next couple of days. |
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