Ripple seems too simple (compared to Bitcoin)? Maybe that's a good thing!

[chriswilmer]

When I read the Ripple wiki on consensus mining, it all seemed too easy. I mean, if it works, great... but somehow Bitcoin's approach seems so much more rigorous in its security. I would love to read a head-to-head comparison of the security of the Bitcoin ledger vs. the Ripple ledger.

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[slothbag]

Bitcoin mining was meant to distribute the security of the network to as many people as possible, unfortunately with mining pools Bitcoin has now put the bulk of the security into the hands of a dozen or so pools (p2pool the exception) that we trust not to collude, and this will probably only get smaller as competition increases and only the specialized remain.

The ripple guys said why not cut out the middle man and just choose who you trust not to collude explicitly.. While I feel the Bitcoin model is probably a little more secure, I think the Ripple model will work sufficently and will save a lot of energy.

[jtimon]

+1

But although I'm very optimistic about Ripple, let's not forget that bitcoin security model has been proven for 4 years on production, while Ripple is still young software.

The "transitive credit" concept behind it has worked on small groups and local currency-like contexts. Now the challenge is taking it to the next level by also having B2B (Business To Business) mutual credit like WIR, C3 or so called barter systems. And have all those local systems interconnected.

I don't think it's simple, it has so many use cases that you're forced somehow to restructure all your thoughts on credit and money.
Repeating myself...this video helped me to that: http://www.youtube.com/watch?v=ySzqM5dpF7s

[Monster Tent]

Ripple is basically a competitor to this http://en.wikipedia.org/wiki/Fedwire as the banks would be analogous to trust nodes.

[Liquid]

Can someone please send me a coin thanks 

rsuvuGXuWdoRUJXiLQ7z9kyM4tjuXgrZJs

[Valer4ik]

Ripple and its supporters believe that the reason for the banks still have; more precisely, that the company can create it. Often the products on the XRP registry are compared to the Trojan horse; and as soon as Ripple's "horses" are placed in a sufficient number of banks around the world, the XRP will collapse into an unsuspecting financial system.

This is happening now: Ripple is already convincing its partners using xCurrent to switch to xRapid for additional liquidity.

[carlowell]

When I read the Ripple wiki on consensus mining, it all seemed too easy. I mean, if it works, great... but somehow Bitcoin's approach seems so much more rigorous in its security. I would love to read a head-to-head comparison of the security of the Bitcoin ledger vs. the Ripple ledger.

Ripple is the leader of the billion supply coin group so it's pretty normal that Ripple isn't increasing it's price value even after a very long time.
But Ripple is faster than Bitcoin and it's hard forks, Ethereum, NEO and other Top Altcoin in the crypto market.
Ripple will indeed grow begged after time because there are already numbers of giant companies were partnering Ripple to offer more flexibility to each companies to their clients and customers.
I invested Ripple last year and now I am holding it for my long term goals.

[platinov_and]

I do not like Ripple at all. It seems to me that this coin is controlled by banks and does not benefit people. If, this coin will become decentralized, it will be very good!

[inillo]

Ripple is owned just by one guy and does not seem to care much about the veracity of the news that populate the internet and this forum. I would not consider hodling.

[pumbum]

why do you need to think much about security if it is not used for transactions. if I understood correctly, what exactly is used for transactions is another ripple, which is not traded on the exchange, but only is a common technology of banks, but not cryptocurrency. All the time often saw a different situation when it was really the opposite, not the way most people think