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Author Topic: You guys gonna become paranoid about Ripple  (Read 18580 times)
Sukrim
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June 30, 2014, 09:48:08 PM
 #201

The issuing part of Bitcoin is a bit tricky though and hard to compare to Ripple, since it is not for arbitrary amounts and made difficult via PoW.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
sinner
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June 30, 2014, 10:18:58 PM
 #202

the ripple concept is a good idea, but Ripple the company sucks.  Google Wallet, Facebook Wallet, and iWallet will all be building their own versions of Ripple.
SkRRJyTC
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June 30, 2014, 10:36:14 PM
 #203

I still dont know what ripple is.
It's a platform for issuing, redeeming, holding, transferring, and trading arbitrary assets.


BTC does all of this while being decentralized right?
No. Bitcoin allows you to hold and transfer BTC, but that's it. (Unless you build things like colored coins on top of it.)

Update: I guess it sort of issues it too.


As I understand it colored coins are just another protocol on top of BTC.  It doesn't add centralization.  So if colored coins can do it, BTC can do it.
Sukrim
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June 30, 2014, 11:42:38 PM
 #204

Well, the thing is: they maybe can - Ripple definitely can, as it is existing and live for ~1.5 years now.

the ripple concept is a good idea, but Ripple the company sucks.  Google Wallet, Facebook Wallet, and iWallet will all be building their own versions of Ripple.
It is under an ISC license, they even just need to fork everything. Paying someone to do that for one afternoon however probably already costs more than the XRP they'd need in their whole lifetime to use the existing Ripple network. I don't really see the appeal of forking off (which is stronger for pure "digital asset" systems like Bitcoin, which has been forked hundreds of times by now) but we'll see what the future brings.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
sinner
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July 01, 2014, 08:07:23 AM
 #205

It is under an ISC license, they even just need to fork everything. Paying someone to do that for one afternoon however probably already costs more than the XRP they'd need in their whole lifetime to use the existing Ripple network. I don't really see the appeal of forking off (which is stronger for pure "digital asset" systems like Bitcoin, which has been forked hundreds of times by now) but we'll see what the future brings.

control and risk.
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