Ethereum is better than....

[pimpjuice]

For everyone that believes Ethereum is taking over the world, I wanted to share this great post on Reddit by tommytrain.

Source:
https://www.reddit.com/r/Ripple/comments/4b0mce/please_list_technical_and_fundamental_reasons_how/

----------------------------------

The Question:
Please list technical and fundamental reasons how RIPPLE is better than ETHEREUM?

----------------------------------

The Answer:
"At this point in time, philosophically, they are addressing fundamentally different paradigms so there is no "better".

Ripple's Codius was on track to compete directly with Ethereum but when it comes to distributed computing Ripple engineers noted there were other projects addressing this with what they considered far better approaches and were much further along (notably Docker) so they shelved this track of development in favor of focusing on another protocol which could deliver networked trustless escrow between any two distributed ledgers capable of cryptographically proving receipt of payment. They dubbed this "Interledger Protocol" or ILP which was heavily influenced by the feedback and direction from the Internet Payments work group at W3C. The goal is to establish a low-level protocol for how any two ledgers, properly configured, can agree to an exchange of value alterations to each other or token exchange and execute it simultaneously or not at all (atomically) without a trusted third party.

For any ledgers which integrate ILP including Bitcoin, Ethereum, Ripple, most alts, bank chains, federal chains, etc there would be an instant, native portal to any other chain ... Coordinating buy/sell offers would shift from centralized exchanges prone to failure and theft, to automated pathfinding algorithms, likely hosted on Ripple like chains or Ethereum dapps designed to map halawa trust lines and connect any two value exchangers in the world.

This was a bit disconcerting at first to small-time XRP investors but in recent weeks Ripple has come back strong with its banking RCL pitch in its very specific use case as a banking and corporate supply-chain cross-border payments solution. Currently, RCL and its mainline products "RippleConnect" and "RippleStream" are transitioning from 'alpha' testing to enterprise-ready production and they are introducing a new incentive program for disributing XRP, not to developers, validators or participants but to market makers. The goal is to buffer the volatility and fatten the margins for those able to facilitate increasing liquidity. Ideally, the operations of market-making can be automated and secured with decentralized computing solution such as Ethereum funded with any source of value such as Bitcoin or XRP. Since Ripple sits on a mountain of XRP, offering it up as an the initial pool of incentive source will chew through their stash and also accelerate drop destruction. XRP will climb slowly but steadily, the overhead of market makers is not particularly high, so selloff rate will be considerably lower than say bitcoin miners, and there will be active competition to provide faster and better market making, not thicker and increasingly redundant security in the form of carbon.

They are able to this because Ripple specifically set about addressing integration of distributed ledger technology within the current regulatory framework of cross-border payments while also working with regulators and Internet standards workgroups to craft forward looking regulation and potentially legislation which improves on relevant legal concepts (http://www.americanbar.org/content/dam/aba/publications/blt/2016/03/block-chain-201603.authcheckdam.pdf) for value exchange as well as criminal activity oversight monitoring and tracking while minimizing the effects antiquated laws and practices have on bottle necking the capability of the technology to drastically increase the worldwide capability to exchange value. This is what Chris Larsen is talking about when he describes the Internet of Value.

Technically speaking, Ethereum is still on PoW while Ripple has been using RCP for 4 years which is both faster and designed for a long term, sustainable, decentralized validation network. Before you jump down my throat, I know that many, particularly the Bitcoinistas here on Reddit, stop at the initial "pre-mine" token strategy or focus on Ripple's essential monopoly on contributions to their open source code as well as the currently exclusive topological control they exert over the validator network, reflexively yell CENTRALIZATION and turn heel without fully observing the code or how their strategy will manifest into a network of decentralized validators with mutual interest in keeping it decentralized. Even when peter todd claimed to have "analysed" the ripple consensus protocol he openly admitted to not actually examining the consensus protocol bit in the paper itself and then confirmed so on Twitter. I wrote about Ripple's path to decentralization last year (http://www.americanbanker.com/bankthink/ripples-overlooked-path-to-decentralization-1075603-1.html)

Perhaps Ethereum's strongest characteristics are its positive community energy, functional governance, and quality leadership. A rumor has been circulated recently that VB almost came to work for Ripple but as a non-college graduate his visa from Canada could not be secured ... Something ironic about that I'm sure ... But when it comes to designing a system for transporting value that meets all stakeholders parameters instead of staking its future to a non-cooperative political stance, Ripple is way ahead of the game."

----------------------------------

sjoelkatz makes a great comment (https://www.reddit.com/r/Ripple/comments/4b0mce/please_list_technical_and_fundamental_reasons_how/d165d64):
"By "Ripple", do you mean the consensus ledger system? If so, they're solutions to completely different problems. Ripple's consensus ledger system is aimed at cross-currency payments. Ethereum is aimed at smart contracts. Ripple's consensus ledger system isn't very good for smart contracts. And Ethereum isn't very good for cross-currency payments. You can cram a square peg in a round hole either way if you really want to, but they're optimized for a completely different set of applications."

----------------------------------

So PLEASE STOP comparing Ethereum to Bitcoin and Ripple.

[1715502767]

1715502767

[1715502767]

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[1715502767]

1715502767

[TPTB_need_war]

Neither is better. Ripple's consensus algorithm is fundamentally flawed shit that they must centralize to make it work. Ethereum is also insolubly flawed nonsense.

[pimpjuice]

Much respect but did you actually read the post? 

You must of overlooked one of the links as well.
http://www.americanbanker.com/bankthink/ripples-overlooked-path-to-decentralization-1075603-1.html

[TPTB_need_war]

Much respect but did you actually read the post?  

You must of overlooked one of the links as well.
http://www.americanbanker.com/bankthink/ripples-overlooked-path-to-decentralization-1075603-1.html

I read it. And I know more than the person who wrote that nonsense.

https://bitcointalk.org/index.php?topic=1319681.msg13777193#msg13777193
https://bitcointalk.org/index.php?topic=1319681.msg13777571#msg13777571
https://bitcointalk.org/index.php?topic=1319681.msg13778110#msg13778110

Also the Interledger is just decentralized exchange, which I also seem to know more than others about:

https://bitcointalk.org/index.php?topic=1364951.msg14078549#msg14078549

Ripple promulgates a lot of hyped nonsense to n00bs in the government, W3C, and banking sector who don't understand the details.

I think the greatest irony is how Larry Summers et al don't realize that they are crafting their own demise by investing in shit such as profitable mining, Lightning (channelled) Networks, smart contracts, Ripple nonsense, etc..

[pimpjuice]

I read it. And I know more than the person who wrote that nonsense.

ROFL

[pimpjuice]

I know you are also smarter than Vitalik Buterin but for those that think otherwise.

Buterin "10 banks less likely to collude than 3-5 mining pools"
https://youtu.be/naKvYfYsBQo?t=46m55s

BTW - Here is a link that confirms "A rumor has been circulated recently that VB almost came to work for Ripple"
https://youtu.be/fbEtivJIfIU?t=11m7s

[TPTB_need_war]

Buterin "10 banks less likely to collude than 3-5 mining pools"
https://youtu.be/naKvYfYsBQo?t=46m55s

Strawman.

3-5 mining pools are less likely to collude than 2 mining pools.

The odds of not having an oligarchy form from banks is 0. Has this "super smart" idiot even studied any history at all. Oh yeah I guess he was too busy playing with his belly button and while doing math in his head to actually waste his time studying real world history.

[TPTB_need_war]

BTW - Here is a link that confirms "A rumor has been circulated recently that VB almost came to work for Ripple"
https://youtu.be/fbEtivJIfIU?t=11m7s

Listening forward to the end of the 15th minute, will if you are solid senior level software engineer with a strong economics expertise, start to make you realize that Vitalik is an unrealistic dreamer who doesn't think out the real world insolubility of his childish fantasies.

[pimpjuice]

Microsoft is already running a Ripple validator.
https://azure.microsoft.com/en-us/blog/azure-blockchain-as-a-service-update/#comment-2474418189

[TPTB_need_war]

Microsoft is already running a Ripple validator.
https://azure.microsoft.com/en-us/blog/azure-blockchain-as-a-service-update/#comment-2474418189

...

Ripple promulgates a lot of hyped nonsense to n00bs in the government, W3C, and banking sector who don't understand the details.

I think the greatest irony is how Larry Summers et al don't realize that they are crafting their own demise by investing in shit such as profitable mining, Lightning (channelled) Networks, smart contracts, Ripple nonsense, etc..

Centralized and federated shit does not scale:

...

Btw, proof-of-stake will never scale out user adoption, because it is a vested interest paradigm, and thus will be destroyed by its stake holders. No stake holder (in any context or business model) allows a competitor to profit. Only permissionless, decentralized systems scale.

Microsoft will whore itself any way it can to try obfuscate that it is a dying dinosaur.

[pimpjuice]

BTW - Here is a link that confirms "A rumor has been circulated recently that VB almost came to work for Ripple"
https://youtu.be/fbEtivJIfIU?t=11m7s

Listening forward to the end of the 15th minute, will if you are solid senior level software engineer with a strong economics expertise, start to make you realize that Vitalik is an unrealistic dreamer who doesn't think out the real world insolubility of his childish fantasies.

Maybe you are too logical... What is an unrealistic dreamer?

“Imagination is more important than knowledge. For knowledge is limited to all we now know and understand, while imagination embraces the entire world, and all there ever will be to know and understand.” - AE

[pimpjuice]

Microsoft is already running a Ripple validator.
https://azure.microsoft.com/en-us/blog/azure-blockchain-as-a-service-update/#comment-2474418189

...

Ripple promulgates a lot of hyped nonsense to n00bs in the government, W3C, and banking sector who don't understand the details.

I think the greatest irony is how Larry Summers et al don't realize that they are crafting their own demise by investing in shit such as profitable mining, Lightning (channelled) Networks, smart contracts, Ripple nonsense, etc..

Centralized and federated shit does not scale:

...

Btw, proof-of-stake will never scale out user adoption, because it is a vested interest paradigm, and thus will be destroyed by its stake holders. No stake holder (in any context or business model) allows a competitor to profit. Only permissionless, decentralized systems scale.

Microsoft will whore itself any way it can to try obfuscate that is a dying dinosaur.

XRP has no involvement in permissioned, centralized systems.  XRP is used outside of the permissioned network as a bridge currency to connect permissioned networks to others on a public ledger. As far as I know Ripple does not use PoS. Ripple is introducing an XRP incentive program for market makers who use XRP to offer tighter FX spreads.

[Spoetnik]

You guys fail to grasp that convoluted overly complicated bullshit will be never seen or heard.. or USED !
It's not just guys here that will roll their eyes and scroll past this type of crap
but that fact is we need to give a quick run down to the less-tech savvy out there when pitching a currency.
And sorry boys but my Grandmother is not going to read your White Paper  

And unless you get the mass public involved then.. well, enjoy your digital "token" circle jerk.

A lot of concepts may actually be good but if it's too complicated it's utterly doomed to failure, guaranteed.

A lot of you fail to grasp the CONTEXT of the Altcoin scene.
If breaking out of the underground nerd scene is not a priority then why the fuck are you guys even bothering ?

And why is it i am the ONLY fucking guy in all of Crypto railing on about this aspect of it all for YEARS ?

You all need to listen to me because i am right.
And i clearly have a far greater grasp of "People" then nerds buried in their code.

It's simple.. It doesn't matter.
What does ?
I have said it HUNDREDS of times already..
And that is, everyone else's opinion on this stuff besides all of ours here at Bitcointalk etc. (is what matters)

Year after year after fucking year i grab your "ohh so smart" faces..
and i FORCE you to look in a new direction and you fight me on it and pull back.
I have felt like i am trying to make the horse drink water here for fucking years !
And at the end of the day i have to let the stupid piece of shit horse wither & die.

It amazes me how so many of you here think your sooooo fucking smart..
Yet fail miserably at grasping the most basic root aspects of crypto.
Such as the Context of the Altcoin scene. and the never ending delusion
You guys think if you make coin no. 7,001 the other 7,000 scams will have no impact on your "Legit" coin.
YOU guys here *may* think that but will the public ?
No fucking way !

PS:
I am getting my noob PC family members to come and read that long winded Ripple rant.
stay tuned, i think they will scream TAKE MY MONEY NOW !
Fuck my Grandma can't get enough "White Papers' LOL

[pimpjuice]

@Spoetnik

I agree with you but there is no reason to get your grandma to read the "long winded Ripple rant" unless she is interested in becoming a "fucking" market maker.  Ripple isn't like all the other altcoins Your grandma doesn't need to touch XRP for it to become successful. Ripple's focus/audience is the financial industry/market makers and XRP serves as a bridge currency for cross boarder transactions.

[TPTB_need_war]

Listening forward to the end of the 15th minute, will if you are solid senior level software engineer with a strong economics expertise, start to make you realize that Vitalik is an unrealistic dreamer who doesn't think out the real world insolubility of his childish fantasies.

Maybe you are too logical... What is an unrealistic dreamer?

“Imagination is more important than knowledge...

I am extremely creative (did you not look at CoolPage.com or Corel Painter on which I created or worked on as a programmer and graphic artist). How about my essays[1]. How about the print ads I did for WordUp which I also programmed. The difference is I am a realistic dreamer with a realistic plan who has proven I make products that end up used by millions. Vitalik lacks the realistic grounding (and no experience!) to choose viable goals and implement them effectively. What a horrible destruction of a math nerd to allow him to enter this fantasy world where he can sell childish, unrealistic fantasy technobabble to gullible speculator n00bs.

[1]	http://unheresy.com/ https://bitcointalk.org/index.php?topic=355212.0 http://web.archive.org/web/20140225115821/http://www.coolpagehelp.com/index.html?row2col2=developer.html

XRP has no involvement in permissioned, centralized systems.

Except that its consensus protocol is permissioned, centralized.

As far as I know Ripple does not use PoS.

You didn't comprehend the links I provided to you.

[pimpjuice]

Listening forward to the end of the 15th minute, will if you are solid senior level software engineer with a strong economics expertise, start to make you realize that Vitalik is an unrealistic dreamer who doesn't think out the real world insolubility of his childish fantasies.

Maybe you are too logical... What is an unrealistic dreamer?

“Imagination is more important than knowledge...

I am extremely creative (did you not look at CoolPage.com or Corel Painter on which I created or worked on as a programmer and graphic artist). How about my essays[1]. How about the print ads I did for WordUp which I also programmed. The difference is I am a realistic dreamer with a realistic plan who has proven I make products that end up used by millions. Vitalik lacks the realistic grounding (and no experience!) to choose viable goals and implement them effectively. What a horrible destruction of a math nerd to allow him to enter this fantasy world where he can sell childish, unrealistic fantasy technobabble to gullible speculator n00bs.

[1]	http://unheresy.com/ https://bitcointalk.org/index.php?topic=355212.0 http://web.archive.org/web/20140225115821/http://www.coolpagehelp.com/index.html?row2col2=developer.html

XRP has no involvement in permissioned, centralized systems.

Except that its consensus protocol is permissioned, centralized.

As far as I know Ripple does not use PoS.

You didn't comprehend the links I provided to you.

You are about as creative as the developers I work with. Nothing wrong with it but as a creative director, I don't want to get into the details.  I idolize your skills as a programmer and as most great programmers your design and creative skills must suffer some (otherwise I wouldn't be able to get a job)

You seem to focus on the past/present and avoid where things are headed.  Look... I love Bitcoin and I actually have more invested in Bitcoin than I do XRP but the potential for Ripple and XRP to succeed is there. I understand there are a bunch of crap altcoins out there but XRP is not one.  Its utility could actually benefit Bitcoin.

[HaydenTiffany]

You guys fail to grasp that convoluted overly complicated bullshit will be never seen or heard.. or USED !

This is a great description of our current banking and payments infrastructure. Most people don't understand it now and most people won't understand it in 10 years, regardless of what kind of overhaul is implemented.

You all need to listen to me because i am right

Hint: If you were right, you wouldn't need to beg people to listen to you.

Ripple's consensus algorithm is fundamentally flawed shit

It's been running successfully for several years now and is approaching 20 million successful ledger closes. When are all of the scary bad things going to happen? Do you know who Harold Camping is?
https://www.ripplecharts.com/#/

[Spoetnik]

@Spoetnik

I agree with you but there is no reason to get your grandma to read the "long winded Ripple rant" unless she is interested in becoming a "fucking" market maker.  Ripple isn't like all the other altcoins Your grandma doesn't need to touch XRP for it to become successful. Ripple's focus/audience is the financial industry/market makers and XRP serves as a bridge currency for cross boarder transactions.

Predictable.

Why is it here and added to exchanges where literally no joke small children 12 years old are
actually literally trading their lunch money for profits with ETH or Ripple or other tech-schemes ?

I baited you in a way.. i knew damn well one of you would say that when i made my comment.
I said.. "Enjoy your circle jerk" <-- a pre-reply in advance for your obligatory retort LOL
Get it ?

Because if Ripple or ETH etc is targeted and designed for Banks then guess what ?
90% of the shit that comes out of these mouths here are complete garbage lies.
How can you say stuff like THAT ? (ETH taking over BTC)

Let's dig further shall we ?
(Let me continue the discussion of what is said vs reality)

IBM

On Poloniex i kept seeing a guy saying ETH was "USED" by Microsoft and IBM on a regular basis.
I politeley talked to the guy about it in a casual manner and had said it's not being technically "used"
..not the way you are portraying it anyway.
Before long i was banned again.
Poloniex mod's hang around like soldiers guarding their sleazy deceptive walled garden exchange platform
constantly grooming their victims.. if someone posts something misleading, deceptive or outright dishonest
they will hit the auto-message button that says "Do your research before buying etc"
If you as a chat user dispute any of it.. YOU ARE BANNED !
This is grooming their victims like a fucking child molester.
I have watched them do that shit for years and have been banned lots.. even when i bend over backwards trying to avoid it.
Many times they have gotten snotty and said i deserve to be trolled then banned me again later.
I don't have any respect for them at all.

IBM + ETH though..
The guy was saying it was "Used" by IBM.. clearly implying Ethereum had some bright future and we should BUY some !
I asked that chronic spammer / hyper so are the coins here at Poloniex connected in anyway
or will they ever be to the Testing IBM is doing ? ..he said NO !
So i said well duh then.. what the hell good does telling us all word for word "IBM is USING Ethereum" ?
Talk about deceptive "marketing" (chat box spam)
I was told that IBM was doing a private testing of the ETH system etc (so it was closed off from the outside world)
The same guy was also constantly telling everyone you better buy some ETH because..
"Microsoft is USING Ethereum" also !
Then i found out that in reality all they did is get permission to host their block chain bullshit on "Azure"
This is pure fraud.. sanctioned by poloniex staff !

So who was saying that ? Look around Bitcointalk and guess LOL

So what is the big point here ?
I said years ago now with Ripple that it's scammy pile of gay bullshit.
And this "It's used by banks" crap is pure nonsense.
Why ?
In order for a bank to implement the Ripple or ETH system they will have to BUY / PURCHASE "digital tokens"
and will any Bank Executive think hey i read the Bitcointalk ANN topic and know what ?
We're going to buy millions & Billions of dollars worth of some shitty ass scammy "IPO"/ICO" scam token ?

The bottom line is if any bank is going to "USE" one of these scammy shitty IPO coins
they have to BUY the bags of these IPO starters.. how likely is that ?
0% chance.. get fucking real !

What would a Bank do ?
Well guess what i heard later when the IBM spammer stopped mentioning IBM + ETH ?
I said so.. what happened ?
He said well,
they evaluated the ETH system then decided to build their own block-chain based system and then abandoned ETH !

Ah HA !  

Can you boys smell the coffee yet ?

[pimpjuice]

@Spoetnik

I agree with you but there is no reason to get your grandma to read the "long winded Ripple rant" unless she is interested in becoming a "fucking" market maker.  Ripple isn't like all the other altcoins Your grandma doesn't need to touch XRP for it to become successful. Ripple's focus/audience is the financial industry/market makers and XRP serves as a bridge currency for cross boarder transactions.

Predictable.

Why is it here and added to exchanges where literally no joke small children 12 years old are
actually literally trading their lunch money for profits with ETH or Ripple or other tech-schemes ?

I baited you in a way.. i knew damn well one of you would say that when i made my comment.
I said.. "Enjoy your circle jerk" <-- a pre-reply in advance for your obligatory retort LOL
Get it ?

Because if Ripple or ETH etc is targeted and designed for Banks then guess what ?
90% of the shit that comes out of these mouths here are complete garbage lies.
How can you say stuff like THAT ? (ETH taking over BTC)

Let's dig further shall we ?
(Let me continue the discussion of what is said vs reality)

IBM

On Poloniex i kept seeing a guy saying ETH was "USED" by Microsoft and IBM on a regular basis.
I politeley talked to the guy about it in a casual manner and had said it's not being technically "used"
..not the way you are portraying it anyway.
Before long i was banned again.
Poloniex mod's hang around like soldiers guarding their sleazy deceptive walled garden exchange platform
constantly grooming their victims.. if someone posts something misleading, deceptive or outright dishonest
they will hit the auto-message button that says "Do your research before buying etc"
If you as a chat user dispute any of it.. YOU ARE BANNED !
This is grooming their victims like a fucking child molester.
I have watched them do that shit for years and have been banned lots.. even when i bend over backwards trying to avoid it.
Many times they have gotten snotty and said i deserve to be trolled then banned me again later.
I don't have any respect for them at all.

IBM + ETH though..
The guy was saying it was "Used" by IBM.. clearly implying Ethereum had some bright future and we should BUY some !
I asked that chronic spammer / hyper so are the coins here at Poloniex connected in anyway
or will they ever be to the Testing IBM is doing ? ..he said NO !
So i said well duh then.. what the hell good does telling us all word for word "IBM is USING Ethereum" ?
Talk about deceptive "marketing" (chat box spam)
I was told that IBM was doing a private testing of the ETH system etc (so it was closed off from the outside world)
The same guy was also constantly telling everyone you better buy some ETH because..
"Microsoft is USING Ethereum" also !
Then i found out that in reality all they did is get permission to host their block chain bullshit on "Azure"
This is pure fraud.. sanctioned by poloniex staff !

So who was saying that ? Look around Bitcointalk and guess LOL

So what is the big point here ?
I said years ago now with Ripple that it's scammy pile of gay bullshit.
And this "It's used by banks" crap is pure nonsense.
Why ?
In order for a bank to implement the Ripple or ETH system they will have to BUY / PURCHASE "digital tokens"
and will any Bank Executive think hey i read the Bitcointalk ANN topic and know what ?
We're going to buy millions & Billions of dollars worth of some shitty ass scammy "IPO"/ICO" scam token ?

The bottom line is if any bank is going to "USE" one of these scammy shitty IPO coins
they have to BUY the bags of these IPO starters.. how likely is that ?
0% chance.. get fucking real !

What would a Bank do ?
Well guess what i heard later when the IBM spammer stopped mentioning IBM + ETH ?
I said so.. what happened ?
He said well,
they evaluated the ETH system then decided to build their own block-chain based system and then abandoned ETH !

Ah HA !  

Can you boys smell the coffee yet ?

The only person you "baited" is yourself which in a way makes you the master baiter in your one man circle jerk. <-- Get it?

Did you not get the main point of this thread?
"So PLEASE STOP comparing Ethereum to Bitcoin and Ripple."

And what do you do... you attempt cover up your lack of knowledge for Ripple by ranting about Ethereum. 
 

[Snail2]

Microsoft is already running a Ripple validator.
https://azure.microsoft.com/en-us/blog/azure-blockchain-as-a-service-update/#comment-2474418189

Microsoft is running everything, they think to have a chance for being interesting in the future. Similar approach as Google running a host of "experimental" services and letting the less popular services to die. So the MS running something is a nice to have thing but not really important.