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vokain
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December 25, 2012, 07:39:40 PM |
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Who takes ripple as payment?
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Technomage
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December 25, 2012, 10:17:09 PM |
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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.
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ElectricMucus (OP)
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Marketing manager - GO MP
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December 25, 2012, 10:25:19 PM |
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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?
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HostFat
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I support freedom of choice
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December 25, 2012, 10:39:28 PM |
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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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Deafboy
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December 25, 2012, 11:03:23 PM |
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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.
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notme
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December 26, 2012, 10:44:53 AM |
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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 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) 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.
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mufa23
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December 26, 2012, 10:49:26 AM |
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Pardon my french, but what the fuck is Ripple? And why should I give a flying fuck?
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notme
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December 26, 2012, 11:04:00 AM |
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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.
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Endgame
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December 26, 2012, 11:50:09 AM |
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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.
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mccorvic
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December 26, 2012, 02:45:05 PM |
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Ripple honestly sounds like the worst idea I've heard in a long time. I see no impact on BTC.
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wachtwoord
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December 26, 2012, 03:08:01 PM |
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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 ...
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Raoul Duke
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December 26, 2012, 03:10:56 PM |
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This Ripple thing seems like paradise for confidence scammers.
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paulie_w
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December 26, 2012, 03:14:02 PM |
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what nobody is talking about:
ripple apparently has its own virtual currency. this is the 'potential trojan horse'.
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Raoul Duke
aka psy
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December 26, 2012, 03:21:59 PM |
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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
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mccorvic
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December 26, 2012, 03:42:01 PM |
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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.
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Technomage
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December 26, 2012, 07:46:31 PM |
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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.
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mccorvic
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December 26, 2012, 08:01:31 PM |
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I have never heard of Bernie Madoff
FTFY hehehehe ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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molecular
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December 26, 2012, 08:44:23 PM |
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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 ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) . I'm pretty sure ripple wont have such a strong effect, though.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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CurbsideProphet
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December 27, 2012, 12:26:21 AM |
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Prosper was an enormous failure (for the "investor"). Ripple will follow with those two idiots at the helm.
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1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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