Ripple or Bitcoin

[addi]

I sold all my ripples recently, the way it's going is unsustainable and i hate to call it but it's an obvious bubble.
Right now 8000 XRP is worth 1 Bitcoin or 120 USD. Now consider the fact that XRP at this point is completely useless, you can't do anything with it but hold, nowhere to spend. Not more then couple of weeks ago the going rate was 150K per 1 Bitcoin.

I might buy some back when this bubble pops, but right now the price is completely insane.

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[virtualfaqs]

I sold all my ripples recently, the way it's going is unsustainable and i hate to call it but it's an obvious bubble.
Right now 8000 XRP is worth 1 Bitcoin or 120 USD. Now consider the fact that XRP at this point is completely useless, you can't do anything with it but hold, nowhere to spend. Not more then couple of weeks ago the going rate was 150K per 1 Bitcoin.

I might buy some back when this bubble pops, but right now the price is completely insane.

And given the fact that they give away 20,000 in the Giveaway thread. That means each bittalk forum account is worth $300. I'm with you on this one. Who did you sell to btw? Thinking of getting rid of mine too.

[cdog]

I cant believe people find value in Ripple, at all. See my sig.

[Uchmanpj]

You guys want a reason to invest in Ripple -> http://a16z.com/ Boom. You think these billionaires didn't comb through OpenCoin's 5-yr plan with a magnifying glass the size of Texas? They see a money maker and honestly so do I. At the very least it's a worthy way to diversify.

[bitbadger]

If PayPal got their hands on Ripple, (or Bitcoin) I'd be worried...

"Your Ripple/Bitcoins have been frozen due to unauthorized or suspicious activity. In the interests of the security of our users we are unable to divulge details about this activity. Your account has been suspended. This decision is final. There is no appeal. This email address is not monitored. Do not reply to this email. Thanks for your understanding. Have a nice day."

No thanks.

[wumpus]

You guys want a reason to invest in Ripple -> http://a16z.com/ Boom. You think these billionaires didn't comb through OpenCoin's 5-yr plan with a magnifying glass the size of Texas? They see a money maker and honestly so do I. At the very least it's a worthy way to diversify.

They invest in the company. That makes much more sense than buying XRP as an investment.

[seannnyx]

are different, because the ripple is controlled, bt is free from control and does not have a "boss", and this is a project that is so revolutionary

[jamesblack]

I think it will come to collaborate  BTC

[HurtK]

You guys want a reason to invest in Ripple -> http://a16z.com/ Boom. You think these billionaires didn't comb through OpenCoin's 5-yr plan with a magnifying glass the size of Texas? They see a money maker and honestly so do I. At the very least it's a worthy way to diversify.

They invest in the company. That makes much more sense than buying XRP as an investment.

since the opencoins business model is to hold XRP, give some for free, work hard on Ripple and hope it will succeed so XRP will appreciate, then i would say that investing in this company is basically the same like buying XRP

[wumpus]

since the opencoins business model is to hold XRP, give some for free, work hard on Ripple and hope it will succeed so XRP will appreciate, then i would say that investing in this company is basically the same like buying XRP

XRP are basically "glue" to prevent transaction spam. If XRP appreciates enough such that transactions are prohibitively expensive they will just release more into the system (for example by giving more away, or selling cheaply) to damp the price. So the upside is limited.

[HurtK]

since the opencoins business model is to hold XRP, give some for free, work hard on Ripple and hope it will succeed so XRP will appreciate, then i would say that investing in this company is basically the same like buying XRP

XRP are basically "glue" to prevent transaction spam. If XRP appreciates enough such that transactions are prohibitively expensive they will just release more into the system (for example by giving more away, or selling cheaply) to damp the price. So the upside is limited.

i dont think they are going to give XRPs for free after they are out of beta. Also i have read somewhere that transaction fees are dynamic, if it becomes expensive to make transaction they will decrease the cost of it.

[eBot]

Bitcoin forever 

[Welsh]

AGAIN, another one of these posts, these are proving popular today.

Look in my sig, the ripple scam.

[mobile4ever]

Could Ripple XRP replace bitcoin before it is widely accepted?
If ripple allows users to send money instantly and almost fee free, with a pretty and easy to use UI.
Plenty of money to burn on advertising and reputation building.
Business and Financial connections likely to get them accepted on large merchant sites.
Why would the average person have any interest in Bitcoin?

More important could Ripple become controlled by business or government?

I'm not suggesting any of this is fact.
Just wanna hear the opinions of people that actually know stuff.

Bitcoin is decentralized. Just think; "decentralized". How many people control Ripple?


We also have another thread about this here:


https://bitcointalk.org/index.php?topic=201794.0;all

[hini]

Can I buy 1 ripple and save it for later if takes off, will the value increase like the bitcoin?

[freedomno1]

Well if you get them for free you can sell them to the naive ones  and run away before a collapse xd

[ABitBack]

They're about to release a whole lot more ripple to people who submitted their email addresses and that is when this bubble will pop, depending on how much they release exactly.

[jubalix]

I don't necessarily believe Ripple's unit (XRP) is not meant to be a currency. They even say that plan on funding their operations with it. And if it gained widespread acceptance then why use any other currency within their framework at all? In addition, A VC like Andreesen Horowitz would not be involved unless their was some serious bank to be made if things went well. I say that as a former senior associate at a VC fund.

I just don't appreciate the shadiness of the operation. It's clearly a competitor. They need to release the source code and show us the pitch deck (business model) they showed Andreesen. Otherwise why should I promote a cryptocurrency framework with 100% of the money supply in the hands of the founder with their discretion on how they will distribute. No thanks.

Yeah that's the biggest thing.  Once they're out of beta and they release the source, I pray the first thing a developer does is fork it to remove any trace of XRP from the whole thing.  I like a lot about this system, I just don't like them keeping millions (billions?) for themselves, or using XRP to do anything within the Ripple system at all.

I just don see how ripple is enforceable when a trusted gate way just decided to take all the ripple it has

or you issue an iou and the debtor refuses to pay or cannot pay back

[mmeijeri]

Gateways don't hold XRP, and you get to set your trust limits for every user, including gateways. By default, you don't trust anyone.

[JoelKatz]

or you issue an iou and the debtor refuses to pay or cannot pay back

If you're talking about the personal/community credit model, there's no reason you should mind. In this model, you would extend me $50 credit for only two reasons:

1) You are willing to lose up to $50 to help me out. This is not that unreasonable. If a friend called you up and asked you to come over and help them move some things, you probably would, giving them $50 worth of labor. So lending them $50 when they need it is not out of the range of what friends do. (Especially since Ripple "makes" them automatically return the favor if they are able to.)

2) You want to hold my IOUs because you can use them to trade with others in my network.

In either case, you should be perfectly happy for me to have a negative balance. In the first case, you are helping them out, the very thing you were trying to do. In the second case, you've acquired IOUs you can spend, the very thing you were trying to do.

You will also make be able to make a circular payment to settle inside the system directly, assuming they hold any asset of value denominated in the same currency. This isn't implemented in a way that makes it easy to do yet, but it is planned.

This will require some social changes to work. People will have to be willing to be a little bit more open about their finances. These changes may not happen, but if you look at things like Facebook and texting, they also required social changes and they caught on. So who knows. I hope Ripple gets adopted as a payment system and gradually changes into something more like this.