|
greenlion
|
 |
February 13, 2015, 09:51:46 PM |
|
Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.
|
|
|
|
|
|
|
|
|
|
|
|
Whoever mines the block which ends up containing your transaction will get its fee.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
coinableS
Legendary
 Offline
Activity: 1442
Merit: 1179
|
|
February 13, 2015, 09:52:56 PM |
|
Walsoraj is the only person on my ignore list because of his constant ripple plugs. Post about your centralized corporate proprietary coin in the altcoin section. It doesn't belong here.
|
|
|
|
|
|
Walsoraj
|
|
February 13, 2015, 09:55:14 PM |
|
Ripple isn't dead.
You can't kill what has never lived.
It's a sleeping dragon.  |
|
|
|
|
|
Bernard Lerring
|
|
February 13, 2015, 09:58:07 PM |
|
Every time I look at coinmarketcap and see Ripple sitting ubiquitously just behind Bitcoin it makes me slightly sad that people are using a crypto that's so establishment based, like others have said.
I wish people would look a little deeper and see that there are a couple of fantastic alternatives out there that are doing it for the people, not for the venture capitalists.
|
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
February 13, 2015, 09:59:17 PM
Last edit: February 13, 2015, 10:13:49 PM by gentlemand |
|
Every time I look at coinmarketcap and see Ripple sitting ubiquitously just behind Bitcoin it makes me slightly sad that people are using a crypto that's so establishment based, like others have said.
I wish people would look a little deeper and see that there are a couple of fantastic alternatives out there that are doing it for the people, not for the venture capitalists.
Barely anyone is using it. It's a textbook example of why a market cap is a worthless metric. Check out the more meaningful stats. r/ripple currently has two users online. xrptalk has a bit over 3000 members in total. But none of that counts for shit either if heavy financial hitters are warming up to using it. |
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
February 13, 2015, 09:59:42 PM |
|
|
|
|
|
|
|
Wandererfromthenorth
|
|
February 13, 2015, 10:05:45 PM |
|
Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.
The way I understand it is that the ripple network is less dependant on XRP that what you are describing. It is mostly a bridge currency, useful but not that necessary in my view. Also, we perfectly know who holds the XRPs, the same cannot be said for the top bitcoin whales who own 50k-100k coins. Recently we have seen integration with Fidor bank, Earthport and others. The "adoption" ripple labs is going for is doing pretty fine if you ask me. On top of that, the technology is still very new. I think the dudes at Ripple Labs are onto something huge, and that is actually useful. I'm not 100% convinced on XRP as an investment long term tho. |
|
|
|
|
|
Eamorr
|
|
February 13, 2015, 10:13:19 PM |
|
Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.
The way I understand it is that the ripple network is less dependant on XRP that what you are describing. It is mostly a bridge currency, useful but not that necessary in my view. Also, we perfectly know who holds the XRPs, the same cannot be said for the top bitcoin whales who own 50k-100k coins. Recently we have seen integration with Fidor bank, Earthport and others. The "adoption" ripple labs is going for is doing pretty fine if you ask me. On top of that, the technology is still very new. I think the dudes at Ripple Labs are onto something huge, and that is actually useful. I'm not 100% convinced on XRP as an investment long term tho. Spot on. Hard to find good posts like this. The Bitcoin community is not a nice place anymore. |
|
|
|
|
gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
|
|
February 13, 2015, 10:14:35 PM |
|
I'm not 100% convinced on XRP as an investment long term tho.
This is an enduring mystery to me. I think a lot of BTC types feel threatened by something which really has little or no resemblance if they looked into it. The more I read about Ripple, the more confused I become so I'll leave it to someone with half a clue. |
|
|
|
|
|
greenlion
|
|
February 13, 2015, 10:15:55 PM |
|
Ripple is an impressive and astounding accomplishment in marketing hoax. Ripple Labs has successfully painted their brand as friendly and amenable to establishment players, yet there is practically zero adoption whatsoever, and Ripple requires establishment adoption because there is essentially no way for it to be useful on a purely peer-to-peer basis. The business model of Ripple Labs depends on XRP being preferred as a reserve currency for building exchange paths, yet the massive founder holdings and mickey mouse lolfunbucks distribution swings like a sword of damacles of counterparty risk over any possible appreciation due to adoption in that way. Ripple is absolutely terrifying, because I am hard pressed to think of any FUD story that is unfairly hoisted upon Bitcoin that doesn't turn out to be literally true about Ripple.
The way I understand it is that the ripple network is less dependant on XRP that what you are describing. It is mostly a bridge currency, useful but not that necessary in my view. Also, we perfectly know who holds the XRPs, the same cannot be said for the top bitcoin whales who own 50k-100k coins. Recently we have seen integration with Fidor bank, Earthport and others. The "adoption" ripple labs is going for is doing pretty fine if you ask me. On top of that, the technology is still very new. I think the dudes at Ripple Labs are onto something huge, and that is actually useful. I'm not 100% convinced on XRP as an investment long term tho. This is 100% a regurgitation of Ripple Labs disingenuous PR. |
|
|
|
|
|
Bernard Lerring
|
|
February 13, 2015, 10:24:37 PM |
|
I'm not 100% convinced on XRP as an investment long term tho.
The distinction I'd make with this point (even though I agree with what you're saying) is thus: Most of us want to see great returns from Bitcoin and we therefore see it as an investment. But even if Ripple were to gain you a return and was therefore a "good investment" would it trouble you that you'd used a protocol that has establishment links and is possibly a threat to the decentralised, free spirit of crypto? I don't necessarily want to come across as a crypto-anarchist, but I'd rather support a genuine alternative to the economic system that's failing us. |
|
|
|
|
|
Walsoraj
|
|
February 13, 2015, 10:27:05 PM |
|
XRP functions as a transaction stamp and temporary holding/conversion currency. It's value is expected to rise as the network grows and becomes more useful. Ripple's alleged "premine" makes sense when you view XRP like a stock that is gradually issued as the company grows.
RESISTANCE IS FUTILE, JOIN RIPPLE OR BE ASSIMILATED!
|
|
|
|
|
|
Bernard Lerring
|
|
February 13, 2015, 10:30:21 PM |
|
^that's pretty much the attitude I meant: that you'd use whatever it takes to achieve financial gain without changing the world for the better.
Thanks for illustrating my point.
|
|
|
|
|
|
Walsoraj
|
|
February 13, 2015, 10:32:50 PM |
|
^that's pretty much the attitude I meant: that you'd use whatever it takes to achieve financial gain without changing the world for the better.
Thanks for illustrating my point.
Am I a naive hippie? No. |
|
|
|
|
|
SnokkomBTC
|
|
February 13, 2015, 10:34:03 PM |
|
XRP functions as a transaction stamp and temporary holding/conversion currency. It's value is expected to rise as the network grows and becomes more useful. Ripple's alleged "premine" makes sense when you view XRP like a stock that is gradually issued as the company grows.
RESISTANCE IS FUTILE, JOIN RIPPLE OR BE ASSIMILATED!
 |
|
|
|
|
|
GaliX
|
|
February 13, 2015, 10:35:34 PM |
|
XRP functions as a transaction stamp and temporary holding/conversion currency. It's value is expected to rise as the network grows and becomes more useful. Ripple's alleged "premine" makes sense when you view XRP like a stock that is gradually issued as the company grows.
RESISTANCE IS FUTILE, JOIN RIPPLE OR BE ASSIMILATED!
Ripple is just an i.o.u. not even a currency or even trustless why would I you it over bitcoin? wtf.... |
|
|
|
|
|
Wandererfromthenorth
|
|
February 13, 2015, 10:36:57 PM
Last edit: February 13, 2015, 10:49:31 PM by Wandererfromthenorth |
|
I'm not 100% convinced on XRP as an investment long term tho.
The distinction I'd make with this point (even though I agree with what you're saying) is thus: Most of us want to see great returns from Bitcoin and we therefore see it as an investment. But even if Ripple were to gain you a return and was therefore a "good investment" would it trouble you that you'd used a protocol that has establishment links and is possibly a threat to the decentralised, free spirit of crypto? I don't necessarily want to come across as a crypto-anarchist, but I'd rather support a genuine alternative to the economic system that's failing us. For all we know the "decentralize everything" approach of bitcoin might be an utopia that doesn't work long term or that creates more problems than it tries to solve. For example the fact that it is supposed to be 100% decentralised (even tho it's not actually the case considering mining centralisation for example) raises issues related to consumer protection (that's a big one), money laundering, frauds, scams etc. An utopia much like anarchy, it either doesn't work in practice or nobody actually adopts it and still prefer governments, the state etc  So basically you try to solve some problems but the 100% decentralised solution might bring new ones or offer us something that in the long run is a lot worse. I understand you talk about the "spirit of crypto" but that spirit might be a lot more corrupt that the fiat system you are talking about. "Trusted third parties" are not out there just to screw ya. t's not that simple. |
|
|
|
|
|
|
|
|
|
Wandererfromthenorth
|
|
February 13, 2015, 10:41:22 PM |
|
XRP functions as a transaction stamp and temporary holding/conversion currency. It's value is expected to rise as the network grows and becomes more useful. Ripple's alleged "premine" makes sense when you view XRP like a stock that is gradually issued as the company grows.
RESISTANCE IS FUTILE, JOIN RIPPLE OR BE ASSIMILATED!
I agree with the "premine" part, it makes sense because it's a distribution like a stock. But you said "is expected to grow", to fulfill its function it doesn't necessarily need a ridiculously high marketcap. Also, In a recent interview chief cryptographer David Schwartz said that it's technically possible for the USD itself (or another major fiat currency) to be used as a bridge currency as opposed to XRP  I'm not bashing XRP (lol I hold some myself), I'm just saying I am not 100% convinced on it and I'm trying to be objective (on the other hand, I'm pretty convinced about the usefulness of the ripple network as a distributed ledger system, which I think is better than the bitcoin blockchain). |
|
|
|
|
|
Poll
