Why should I care about Ripple?

[#Darren]

Am I missing out on something?

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[manofhorse]

It's digital currency, without the madness of the non value add of mining.

Sounds like a win in my book.

[wojtek]

Think of ripple as of distributed exchange. solution for mtgox lags. this is reason of recent hype. but it is still in alpha (prototype).
And it is also payment system that let's you use ANY currency, which makes it much more useful as payment system than bitcoin is.

[darnth]

It's digital currency, without the madness of the non value add of mining.

Sounds like a win in my book.

Where do ripples come from then? Oo

[phantastisch]

It's digital currency, without the madness of the non value add of mining.

Sounds like a win in my book.

Where do ripples come from then? Oo

they are created and distributed by the company behind ripple. sounds more like a lose in my opinion.

[tonyGee]

Am I missing out on something?

I stopped reading when I found out that all ripples are owned by the company, and they keep 20%, and give out the rest randomly ... sounds like a joke

[Andybchch]

I signed up, but found very little info on how the whole thing is going to work, nice interface thou!
 
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[bitRaptor]

It's supposed to go open source at some point. We'll see.

[whydifficult]

Looks promising, though not truly open source yet right?

[awesomebunny]

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.

[iammagicmike]

It's digital currency, without the madness of the non value add of mining.

Sounds like a win in my book.

Where do ripples come from then? Oo

they are created and distributed by the company behind ripple. sounds more like a lose in my opinion.

created by a company?

[ericwt]

I am not going to tell anyone what they should care about.

However why am I going to be using Ripple?

Because my customers will be using Ripple.

It is a handy tool that complements Bitcoins and other currencies.

Everyone gets hung up about the company owning all the XRP's.

XRP is what makes the system work.

I know corporations should give away everything with no profit according to some of your logic.

However that is not the real world.

I will profit with Ripple, so I don't give a damn what other people do.

[jquinn]

I am looking forward to Ripple, it will increase the liquidity of BTC's which is what we need. I think it will be a major enhancement to the digital currency revolution. I, for one, welcome our Ripple overlords.

[kepak]

Does anyone know if we can find detailed specs about how it actually works? For Bitcoin, we can know everything if we want including technical details. On Ripple website, they just explain how it is so wonderful but not how it works...

[jackjack]

created by a company?

This

[darnth]

agreed.

[kendog77]

At this point, I don't see much harm in trying to obtain some ripples for free.

Worst case, ripples don't catch on and are worthless.

Best case, they do catch, turn out to be worth something, and early adopters should make out pretty well.

[marlo_brando]

I will try it at least, u never know what will come out of it.

[emperor2084]

Remembering back to the somewhat early bitcoin days, I remember buying at $3, thinking it was worth the gamble...obviously it was (wish I had bought more). I am uneasy with the distribution model of Ripple (corporation giving half away and keeping half), but only skeptical to a point. Corporations like to make money - they are holding half of the Ripple for a reason - I am going to tred lightly, but take the ride with them.

[webchris]

I personally love bitcoin and the idea of the free market in control and guiding it. But I am keeping Ripple on my radar since it has so much interest in the bitcoin community.