Is Ripple a Bitcoin Killer or Complementer? Founder of Mt Gox will launch Ripple

[paulie_w]

question about privacy on ripple:

you have a public ledger. okay, so is there something analogous to the receiving address quasi-anonymity feature in bitcoin? how about for sending addresses or "wallets", do i have as many of those as i want?

generally it would be interesting to have comments about how privacy works or doesn't in ripple.

[lebing]

Anyone else get into the latest beta?

[Meatpile]

Oh the same Jed who let his computer get compromised and gave up his illegal highly immoral back door access to MTGOX, which in turn resulted in the first big mtgox hack?

What can go wrong!?

[ElectricMucus]

Oh the same Jed who let his computer get compromised and gave up his illegal back door access to MTGOX, which in turn resulted in the first big mtgox hack?

What can go wrong!?

QFT

Watch your back, the natives going to be restless.

[HostFat]

Oh the same Jed who let his computer get compromised and gave up his illegal highly immoral back door access to MTGOX, which in turn resulted in the first big mtgox hack?

What can go wrong!?

On March 6th, 2011
https://en.bitcoin.it/wiki/MtGox#History

[CharlieContent]

On another note, what do you think of our logo?

Sorry I'm a bit late to the party on this thread but I couldn't walk without passing comment on this logo.

I apologize for my frankness, but it is truly disgusting. It is very, very poorly designed.

Here is why: The most jarring thing about it is the foul gradient. It's offensively cheesy. Gradients are not your friend.

The typography is nothing short of an abomination. The font was extremely poorly chosen. Just a ghastly font altogether, really. The kerning (the space in between the letters) is very uneven. It does not look good.

The little pictogram at the side is flawed. I'm not 100% against the idea or even the 3d perspective thing, but it is very poorly executed. The perspective effect is wrong. Look closely at it. It is broken.

Again we have ghastly gradients. Even worse this time than the text, and that is saying something. Also in my opinion you should stick with two colors. Using more than two colors in a logo is a tricky pro's move that the designer of this monstrosity has no business trying to attempt.

All the proportions are wrong. It is just totally out of proportion, in every sense. Everything it can get wrong, it does.

I feel like the whole thing was designed by someone with absolutely no design skill, talent or expertise. The person who created this wasn't a designer - he/she was a software operator. And not a very good one.

I'm guessing it cost maybe $10 max. If it cost more you got ripped off.

[lebing]

But, how do you really feel Charlie?

[Boussac]

On another note, what do you think of our logo?

Sorry I'm a bit late to the party on this thread but I couldn't walk without passing comment on this logo.

I apologize for my frankness, but it is truly disgusting. It is very, very poorly designed.

Here is why: The most jarring thing about it is the foul gradient. It's offensively cheesy. Gradients are not your friend.

The typography is nothing short of an abomination. The font was extremely poorly chosen. Just a ghastly font altogether, really. The kerning (the space in between the letters) is very uneven. It does not look good.

The little pictogram at the side is flawed. I'm not 100% against the idea or even the 3d perspective thing, but it is very poorly executed. The perspective effect is wrong. Look closely at it. It is broken.

Again we have ghastly gradients. Even worse this time than the text, and that is saying something. Also in my opinion you should stick with two colors. Using more than two colors in a logo is a tricky pro's move that the designer of this monstrosity has no business trying to attempt.

All the proportions are wrong. It is just totally out of proportion, in every sense. Everything it can get wrong, it does.

I feel like the whole thing was designed by someone with absolutely no design skill, talent or expertise. The person who created this wasn't a designer - he/she was a software operator. And not a very good one.

I'm guessing it cost maybe $10 max. If it cost more you got ripped off.

Thanks. I knew there was something wrong with this design but I could not tell what.

[cbeast]

Ripple is an idea that is both way too ahead of its time and obsolete simultaneously. It depends on trusting people to be honest about competing for limited resources. Ripple is like the old charge plates from the 1940s. It will work better when people are not competing for scarce capital.

[bahatassafus]

Ripple is an idea that is both way too ahead of its time and obsolete simultaneously. It depends on trusting people to be honest about competing for limited resources. Ripple is like the old charge plates from the 1940s. It will work better when people are not competing for scarce capital.

well im not sure what this ripple reloaded will be like, but the original was about creating money where / when it's needed and by the two parties who need it. In this sense it is not the old competition over scarce capital as fiat and bitcoin are. 

[Vladimir]

I think many people when talking about extending trust completely miss one important point, specifically concept of money velocity and circulation. One does not really need to have a lot of trust obtained or extended to effectively transact in a ripple network. One would need, basically just one month or one week turnover worth of "well connected" trust, that can be easily bought using collateral such as bitcoins or gold, for example. Whether it is a week or a month or a year worth of trust depends mostly on ones income/expense cycle.

You do not need to drown the wheels of commerce in oil to make it work, just a few drops of the oil in the right place will do the trick.

[evolve]

I like the logo. 

[misterbigg]

1) Is this steaming turd still in beta?

2) Where the hell are the technical specifications and protocol descriptions?

[JoelKatz]

1) Is this steaming turd still in beta?

2) Where the hell are the technical specifications and protocol descriptions?

This is the worst food I've ever eaten and the portion sizes are way too small.

Or, if you prefer: This soup is awful. Can I have the recipe?

[FlipPro]

1) Is this steaming turd still in beta?

2) Where the hell are the technical specifications and protocol descriptions?

Cavemen were afraid of fire too ya know .

It's how people react in the face of life-changing innovations.

[Rassah]

Cavemen were afraid of fire too ya know .

It's how people react in the face of life-changing innovations.

I wish it was. I think there are a few ENORMOUS barriers to it becoming mainstream, and doubt it will  ever become a "life-changing innovation." Please prove people like me wrong.

[misterbigg]

Cavemen were afraid of fire too ya know .

Unlike Bitcoin, which had Satoshi's wonderful and inspiring paper to read - the available literature for Ripple is almost worthless.

I accessed the beta wiki and read every word of what was published, and there is practically no concrete information. Certainly not enough information to make a piece of software that can interoperate with the existing beta nodes.

Almost everywhere in the sparse Ripple technical docs, important details are glossed over with no description given to algorithms or procedures.

This is garbage.

[JoelKatz]

Unlike Bitcoin, which had Satoshi's wonderful and inspiring paper to read - the available literature for Ripple is almost worthless.

I accessed the beta wiki and read every word of what was published, and there is practically no concrete information. Certainly not enough information to make a piece of software that can interoperate with the existing beta nodes.

Almost everywhere in the sparse Ripple technical docs, important details are glossed over with no description given to algorithms or procedures.

This is garbage.

I'm not saying that documentation isn't important, but this seems just a bit excessive.

[HostFat]

Password isn't asked anymore, but it is still in beta.

[alexkravets]

Unlike Bitcoin, which had Satoshi's wonderful and inspiring paper to read - the available literature for Ripple is almost worthless.

I accessed the beta wiki and read every word of what was published, and there is practically no concrete information. Certainly not enough information to make a piece of software that can interoperate with the existing beta nodes.

Almost everywhere in the sparse Ripple technical docs, important details are glossed over with no description given to algorithms or procedures.

This is garbage.

I'm not saying that documentation isn't important, but this seems just a bit excessive.

Ripple does seem to have lots of good ideas embedded in it, therefore it's not garbage, but the problem is that Ripple's documentation ( at least so far ) doesn't seem to be converging into anything that any programmer wanting to implement an interoperable implementation would call a spec. Such a convergence might eventually be achieved, however in the meantime, the lack of ( even informal ) spec creates suspicion that the system may ultimately be unsound.

Cheers

P.S. I am personally routing for Ripple to become the "credit coin" to Bitcoin's "permanent coin"