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Author Topic: Why Ripple is a bad idea.  (Read 10625 times)
JoelKatz
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June 07, 2013, 08:47:09 AM
 #81

Curious to why you are sticking up for Ripple and so fast... you replied to my post in like 10 minutes.
I'm the first person Jed McCaleb hired to explore whether the double spend problem could be solved by consensus rather than proof of work. I'm also OpenCoin's Chief Cryptographer. My signature mentions that I'm an employee.

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Are you getting paid by Ripple to voice your opinion on this forum here?
Yes. Part of my job is to explain Ripple to the Bitcoin community.

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Hard to take you serious as I doubt you even read the articles and let them process in your mind before quickly coming to defense....
I honestly can't comprehend the logic behind this. If you think my arguments are weak, they should be easy to respond to, you can put in even less effort than you think I did.

I am an employee of Ripple. Follow me on Twitter @JoelKatz
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JoelKatz
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June 07, 2013, 09:17:33 AM
 #82

Wow, you ripple guys are really aggressive with your tactics.  But hey, at least you didn't ignore my reply about the site admins... oh wait, you did.
I asked you to post a link or two. You didn't post any links. I still might search for it to see. But you have to remember, I asked for those links while I still thought you were asking honest questions and open to reason. There's very little point in engaging with you know that I know you aren't.

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Now I'm just a lowly physicist so if you are really the chief cryptographer then I can't argue with you on Ripple validity. I just follow opinions from myself and those I trust.  And I don't trust you. I posted the links as food for thought as not everyone agrees with the Ripple concept and the centralized system.  But good luck getting the rest out there to drink the opencoin kool-aid  Cheesy
You can't reason a person out of a position they didn't reason themselves into, I guess. As for "drinking the kool-aid", I'm not the one saying things like "Imo the hype of Ripple is due to clever marketing and awarding social media sites with free xpr and for the sake of humanity I hope Opencoin and Ripple die a quick death." That sounds like the kind of thing a person who had drunk the kool-aid would say to me.

I am an employee of Ripple. Follow me on Twitter @JoelKatz
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Valer4ik
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April 09, 2018, 09:07:10 PM
 #83

Perhaps the lack of full decentralization is one of the most popular criticisms of Ripple.

For beginners this does not seem such a big problem. However, for the "veterans" of the industry, decentralization is very important. Proponents of decentralized crypto-currencies consider the Internet to be an exemplary decentralized system: the flow of information flows is free and open (with some restrictions) in the absence of a single governing body.

At the same time, the other part of the crypto community is ready to put up with concentrated management, since the reverse, in their opinion, is inefficient. The developers of Ripple recognize that XRP works somewhat differently than the same bitcoyne, and is not as decentralized as they would like. But has XRP become the best form of digital money than bitcoin?
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April 10, 2018, 03:26:19 AM
 #84

I think the several old cryptos will be enough for the market. They also can be used in ICO (ITO). Why we create a lot of altcoins and after that decide which better?
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