You guys gonna become paranoid about Ripple

[ElectricMucus]

And drive prices down.

https://bitcointalk.org/index.php?topic=133023.0
https://bitcointalk.org/index.php?topic=133096.0

some of you operate on the bigger fool theory and will try to sell before the others to buy back cheaper.
This will take place between now and the time ripple goes out of beta when realizing the mistake and bitcoin go back up.
You heard it here first 

[vokain]

Who takes ripple as payment?

[Technomage]

Ripple is not a direct competitor to Bitcoin, it's something that can actually make Bitcoin more useful. Ripple is not a currency specifically, it's a transaction & credit system that can be used with a number of currencies, including Bitcoin.

[ElectricMucus]

Ripple is not a direct competitor to Bitcoin, it's something that can actually make Bitcoin more useful. Ripple is not a currency specifically, it's a transaction & credit system that can be used with a number of currencies, including Bitcoin.

exactly, but I do you expect the sheeple to get it?

[HostFat]

I think it will start from the small things.
It often happens that someone hasn't enough money on their wallet/debit card/bitcoin wallet/paypal account or else to pay the dinner/videogame/service/pizza/... (I'm talking about people that we know and trust for these small things)
Ripple will be used on our smartphones as a simple "note" for all these cases.

After a while there will become available the first connections between people that we don't know directly, and here we will start to see the "magic" of the system

[Deafboy]

The more people are willing to accept other than national currency, the better for bitcoin. It's not important who's gonna do the marketing.

[notme]

I think it will start from the small things.
It often happens that someone hasn't enough money on their wallet/debit card/bitcoin wallet/paypal account or else to pay the dinner/videogame/service/pizza/... (I'm talking about people that we know and trust for these small things)
Ripple will be used on our smartphones as a simple "note" for all these cases.

After a while there will become available the first connections between people that we don't know directly, and here we will start to see the "magic" of the system

Not to mention businesses with many transactions in both directions.  Ripple keeps score and bitcoin is used to settle up at the end of the day.

[mufa23]

Pardon my french, but what the fuck is Ripple? And why should I give a flying fuck?

[notme]

Pardon my french, but what the fuck is Ripple? And why should I give a flying fuck?

My best understanding is that is a bitcoin-otc style web-of-trust plus dated IOUs.  When you have an IOUs to pay, it can be satisfied by a bitcoin transaction or by the other party issuing their own IOU before yours is due.

[Endgame]

Ripple certainly looks interesting...but its no bitcoin. It looks like a fairly difficult thing to get off the ground anyway. Which is I guess why they're trying to use this community and bitcoin in general as a launching pad.

[mccorvic]

Ripple honestly sounds like the worst idea I've heard in a long time.  I see no impact on BTC.

[wachtwoord]

For now Ripple is closed I guess. If I go to the site and click any menu item it asks me for a login. I cannot read anything. Pretty weird way to market something ...

[Raoul Duke]

This Ripple thing seems like paradise for confidence scammers.

[paulie_w]

what nobody is talking about:

ripple apparently has its own virtual currency. this is the 'potential trojan horse'.

[Raoul Duke]

what nobody is talking about:

ripple apparently has its own virtual currency. this is the 'potential trojan horse'.

100 billion(?) units pre-mined? No, thanks. I'll pass. lol

[mccorvic]

This Ripple thing seems like paradise for confidence scammers.

This this this this this

I really can't wrap my head around how anyone thinks this is a good idea. At all.

[Technomage]

Confidence scamming doesn't work the same way in Ripple as it does in traditional web of trust networks. Ripple is based on relationships to people you really know (like your closest friends in real life) and the network builds up from there. There is no direct link to totally unknown people, everything goes through known friends. There is little possibility in Ripple to scam unknown people since scamming will actually hurt the people closest to you.

It's the closest friends of a scammer that lose the most in case of a scam, which means that in a Ripple economy you need to choose your friends wisely. You can trust less known people directly of course, but the amount of money that could potentially be scammed through that link can be limited to small amounts very easily.

Personally I think it's a promising system but the actual implementation is still in alpha stage.

[mccorvic]

I have never heard of Bernie Madoff

FTFY hehehehe

[molecular]

Ripple is not a direct competitor to Bitcoin, it's something that can actually make Bitcoin more useful. Ripple is not a currency specifically, it's a transaction & credit system that can be used with a number of currencies, including Bitcoin.

exactly, but I do you expect the sheeple to get it?

I must say you have a point: I didn't sell from $30 down to $2.5 last year because I knew bitcoin wasn't affected fundamentally by the gox hack and bad press. However the "idiots" drove the price down anyway .

I'm pretty sure ripple wont have such a strong effect, though.

[CurbsideProphet]

Prosper was an enormous failure (for the "investor").  Ripple will follow with those two idiots at the helm.