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Author Topic: Why should I care about Ripple?  (Read 1366 times)
radiumsoup
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April 15, 2013, 04:20:44 PM
 #21

I signed up, but found very little info on how the whole thing is going to work, nice interface thou!
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when deciding on the legitimacy of some project, the interface is the very last thing to consider.

First, consider the project's stated goals. Second, consider the reputation of the developers. Third, consider the ability of the developers to adequately handle criticisms of the project and to be able to refute problems as raised by the community. Somewhere way, way, way down the line is the interface.

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Paul89273
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April 15, 2013, 05:11:48 PM
 #22

I'm interested in it. If it picks up steam it has the potential to replace PayPal.

Think of Ripple like an online wallet. You can transfer any type of currency you want into and out of it at hopefully a 0% fee, and hopefully an instant transfer.

I say hopefully because exchangers tied to ripple could have a fee. Given that ACH transfers are kind of the norm and have a 0% fee usually, it should be very much possible to transfer usd from your wallet to your friend, or an online store in the future instantly using Ripple.

All everyone seems to be looking at right now is ripples (an online currency the ripple wallet supports) and comparing ripples to bitcoins. Personally, I could care less about ripples. What I'm interested in is the potential for a fee less open wallet that allows for any type of currency of my choosing.

And sure, I've got my debt card and credit card and paypal, but one online wallet that manages all of them would be really cool.

I agree, great idea if it takes off!
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April 15, 2013, 05:13:25 PM
 #23

I signed up, but found very little info on how the whole thing is going to work, nice interface thou!
 Huh
1AUTCVttB1WTncwkmCW3nXtskWtNy1xgod

when deciding on the legitimacy of some project, the interface is the very last thing to consider.

First, consider the project's stated goals. Second, consider the reputation of the developers. Third, consider the ability of the developers to adequately handle criticisms of the project and to be able to refute problems as raised by the community. Somewhere way, way, way down the line is the interface.

Much like poor spelling, sloppy interfaces don't inspire much confidence so I'd say it is important to an extent.

NL/EN Translator. Will work for crypto.
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April 16, 2013, 01:50:27 AM
 #24

Ripple is being run by guys from Prosper and Mt. Gox.  It will be a success.

The idea of the company starting out with most of the stock is the same as a publicly-traded company and they have big time silicon valley investors.

http://www.reuters.com/article/2013/04/11/idUSnMKW5973a+e0+MKW20130411
shekenahglory
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April 16, 2013, 02:51:24 AM
 #25

being issued by a company seems to me to be no different than creating equity to be sold on the stock market - you do well with your company and you are rewarded, as well as the early adopters.  The same seems to be true for bitcoin users.  But then again the stock market has turned into a wealth transfer mechanism and an exit strategy for private investors, so there is obvious potential for abuse....
Thor555
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April 16, 2013, 02:55:36 AM
 #26

There does seem to be potential for abuse, but this is part of their strategy for gaining attention. Because the company will own 25% of the xrp on release they have a huge amount of vested interest in ensuring that the currency takes off. This is what attracts most of their invesors
enigma1265
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April 16, 2013, 03:01:00 AM
 #27

basically it's a cool name..that's it Tongue
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April 16, 2013, 03:06:10 AM
 #28

i think it will be a success
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April 16, 2013, 03:06:23 AM
 #29

It seems to me that Ripples or Bitcoins must be useable in the same way that credit cards are to really become mainstream.  People are more interested in their speculative value than their value as a means of transaction at this point, it seems.  There is not enough in place to purchase real goods and services.
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