Why Ripple™ is against everything Bitcoin

[misterbigg]

Then we should only talk when this happens.

I agree. You first, stop talking now :-)

[smoothie]

+1 XRP are worthless yet they are already exchanging them as if they have value.

The definition of worthless is having no value. But if they are being exchanged for value then they are not worthless are they?

You mean to say that they are worthless to you. That does not make them worthless, it just means that your subjective valuation of them is zero.

What is to stop regulators from shutting open coin down?

This is the first productive statement that you've made and one that is finally worth answering. Nothing stops regulators from shutting OpenCoin down. I think the source code would be published at the point, since according to one of the developers there is something to that effect in his employment contract.

It is definitely in OpenCoin's best interest to lose all control they have over Ripple as soon as possible. I believe they are working hard to achieve that goal.

"Is manipulation so bad?"

Yeah if you are the one being manipulated at the potential gain of another.

Its easy to avoid getting manipulated by OpenCoin's XRP operations - simply don't invest money in XRP!

Where did you get the idea that you have to put all your money into XRP in order for Ripple to be useful to you?

Okay you are obviously only wanting to see one side of the coin.

The fact that ripple can be shut down is enough reason not to use it.
Condoning manipulation shows your true colors.

Show me where I indicated putting all of ones money into ripple  ?

Now you are just making shit up that I didn't say.

[🏰 TradeFortress 🏰]

Can some moderator PLEASE add a mod warning to everyone who came from Ripple forums?

I have noticed that Ripple moderators has began adding the following mod note to anti Ripple posts:

[mod edit: see below, it would appear that GryphonArk is bitcointalk's jubalix and that he/she is just trying to spread anti-Ripple FUD. Read and make up your own mind.]

I think it's only fair that Bitcointalk do to same - add a warning to everyone who is also registered on Ripple forums. Especially if they came here to QQ about the broken liquidity providers feature in Ripple.

I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.

[oakpacific]

+1 XRP are worthless yet they are already exchanging them as if they have value.

The definition of worthless is having no value. But if they are being exchanged for value then they are not worthless are they?

You mean to say that they are worthless to you. That does not make them worthless, it just means that your subjective valuation of them is zero.

What is to stop regulators from shutting open coin down?

This is the first productive statement that you've made and one that is finally worth answering. Nothing stops regulators from shutting OpenCoin down. I think the source code would be published at the point, since according to one of the developers there is something to that effect in his employment contract.

It is definitely in OpenCoin's best interest to lose all control they have over Ripple as soon as possible. I believe they are working hard to achieve that goal.

"Is manipulation so bad?"

Yeah if you are the one being manipulated at the potential gain of another.

Its easy to avoid getting manipulated by OpenCoin's XRP operations - simply don't invest money in XRP!

Where did you get the idea that you have to put all your money into XRP in order for Ripple to be useful to you?

Okay you are obviously only wanting to see one side of the coin.

The fact that ripple can be shut down is enough reason not to use it.
Condoning manipulation shows your true colors.

Show me where I indicated putting all of ones money into ripple  ?

Now you are just making shit up that I didn't say.

What every loser thinks before being manipulated:" I am holding the same asset as the big players, it's guaranteed profit!".....

[pekv2]

I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.

Ouch, As again, this is why I like theymos, his mods and this forum. Such good people. I cannot stand forums like this above.

[oakpacific]

Misterbigg is right, and Jed McCaleb has first hand experience of being shut down by the government. I think he knows how important it is for OpenCoin to make sure it's no longer in control of Ripple as soon as possible - but no sooner. And this time round, the stakes are much, much higher.

Good guys will always be good guys, politician keep their promises, yup, both make sense.

[mmeijeri]

That's nowhere near what I said.

[oakpacific]

That's nowhere near what I said.

I said what you forgot to say--they maybe just out there to siphon off people's money, nothing more.

[bitbitcoincoin]

I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.

Ouch, As again, this is why I like theymos, his mods and this forum. Such good people. I cannot stand forums like this above.

It's very clear what Opencoin and Ripple stand for and want out of the crypto currency community, a heavily controlled(by them), dissent free, happy land.  Sounds tyranically awesome!

[bitbitcoincoin]

I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.

Ouch, As again, this is why I like theymos, his mods and this forum. Such good people. I cannot stand forums like this above.

It's very clear what Opencoin and Ripple stand for and want out of the crypto currency community, a heavily controlled(by them), dissent free, happy land.  Sounds tyranically awesome!

Didn't take long to validate my accusations, mrbig decides to delete my reply in his self moderated thread on ripple in this section.

Heavily self moderated thread from the resident ripple shill.

Would a centralized power grab have it any other way?

Can't moderate this thread cupcake.

[becoin]

I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.

Ouch, As again, this is why I like theymos, his mods and this forum. Such good people.

What?

They are good people until you try to expose scammers they get money from...

https://bitcointalk.org/index.php?topic=137026.0

[MPOE-PR]

I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.

Ouch, As again, this is why I like theymos, his mods and this forum. Such good people.

What?

They are good people until you try to expose scammers they get money from...

https://bitcointalk.org/index.php?topic=137026.0

gmaxwell is widely known to be disreputable. It wouldn't be the first time scammers/undesirables have managed to get a moderator position on this forum, it won't be the last. Seems hardly enough to impugn the admin or the mods as a group.

[Peter Lambert]

I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.

Ouch, As again, this is why I like theymos, his mods and this forum. Such good people.

What?

They are good people until you try to expose scammers they get money from...

https://bitcointalk.org/index.php?topic=137026.0

gmaxwell is widely known to be disreputable. It wouldn't be the first time scammers/undesirables have managed to get a moderator position on this forum, it won't be the last. Seems hardly enough to impugn the admin or the mods as a group.

Remember when Nefario was a moderator on this forum? Yeah, that didn't end well.

[Sukrim]

Well, if you are so into good and honest moderators on this forum, please feel free to invest in DiabloD3's upcoming 1 million btc DMC datacenter with green energy! 

[dchapes]

Can some moderator PLEASE add a mod warning to everyone who came from Ripple forums?

I have noticed that Ripple moderators has began adding the following mod note to anti Ripple posts:

[mod edit: see below, it would appear that GryphonArk is bitcointalk's jubalix and that he/she is just trying to spread anti-Ripple FUD. Read and make up your own mind.]

I think it's only fair that Bitcointalk do to same - add a warning to everyone who is also registered on Ripple forums. Especially if they came here to QQ about the broken liquidity providers feature in Ripple.

For reference here is the topic that TF is refering to: https://ripple.com/forum/viewtopic.php?f=1&t=2597

That was added because users oblivious to the "experiment" TF did were wasting their time trying to answer questions that were not asked by someone honestly having difficulties but by someone attempting to manipulate Ripple or spread FUD. They were effectively complaining that they were having problems sending an IOU of their own to Bitstamp and claiming Ripple was broken because it didn't work. Well duh, no shit Bitstamp isn't going to take their private IOU. It was a question that appeared to me was made in bad faith concealing their intent and that both Ripple addresses in question belonged to the same person. I simply wanted people new to the topic to have some information before they wasted their time on it. Perhaps my phrasing or the way I responded in that topic was a bit severe or something; shit happens, I'm only human.

I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.

First, free speech in no why means you or anyone else is allowed to say/do whatever the fuck you want in whatever forum you want. The forum registration there (as I'd guess here; I don't recall) explicitly says that the owners can remove whatever they want (typically those clauses are so that deleting outright spam like Viagra ads doesn't become a legal problem). It is in no way a free speech issue if a post is removed or a notice edited in. Just as it wouldn't be a free speech issue if the mods here edited out my use of 'fuck' (silly when forums do that IMO, but not a free speech issue).

Second, to suggest OpenCoin is censoring it's forums is absurd when one considers this topic: Explain to me how Ripple is not a scam. I'm fairly certain not a single posting in that topic was touched in any way. There are also other topics on those forums highly critical of OpenCoin. When they made me a moderator (I'm just a volunteer, I complained about spam and offered to help) they mentioned they didn't like any censoring/deleting of non-spam.

The solution to bad information is more good information. That is why some people that like Ripple post replies when the see outright lies about Ripple made here. It's almost amusing to see the claims that pro-Ripple information given on bitcointalk is from people coming from the Ripple forums; as if there is some directive over there to "invade" here. More amusing are the frequent claims that paid Ripple shills are posting to bitcointalk.

[themusicgod1]

Can some moderator PLEASE add a mod warning to everyone who came from Ripple forums?

I have noticed that Ripple moderators has began adding the following mod note to anti Ripple posts:

[mod edit: see below, it would appear that GryphonArk is bitcointalk's jubalix and that he/she is just trying to spread anti-Ripple FUD. Read and make up your own mind.]

I think it's only fair that Bitcointalk do to same - add a warning to everyone who is also registered on Ripple forums. Especially if they came here to QQ about the broken liquidity providers feature in Ripple.

I am joking of course. Free speech apparently isn't one of the beliefs of OpenCoin inc moderators.

Tradefortress is someone who was deleting comments critical of his opinions in his thread.  Free speech my hat

 

[tjsherlock]

I would rather you qualify the alt currency as OC Ripple.  Ripple was conceived and developed before OpenCoin commercialized and forked it.
You may not agree with the original version of Ripple (Ripple Original) either, but it is different from the OC Ripple you describe.

Ripple™ is a trademark of OpenCoin Inc, a private for-profit company. I am breaking their Terms of Service by using the trademark Ripple without permission. Sue me.

Satoshi Nakamoto:

The root problem with conventional currency is all the trust thats required to make it
work. The central bank must be trusted not to debase the currency, but the history of
fiat currencies is full of breaches of that trust. Banks must be trusted to hold our
money and transfer it electronically, but they lend it out in waves of credit bubbles
with barely a fraction in reserve. We have to trust them with our privacy, trust them
not to let identity thieves drain our accounts. Their massive overhead costs make
micropayments impossible.

With Bitcoin, you hold your own money. You control it.

With Ripple, you don't hold money. You hold debt, IOUs. You hold debt issued by a "gateway", a central authority.

As it is debt, they can print as much as they want, when they want. (Aka debasing).

>> See here, I printed myself 1 trillion bitcoins on ripple.

With Bitcoin, miners are required to use their computational power to earn new Bitcoins and transaction fees.

With Ripple, OpenCoin Inc issued themselves 100 billion ripples. They promised to only keep half (50%) for themselves.


With Bitcoin, nobody can spend your money without your private keys.

With Ripple, as the server source code has not being released and it is still proprietary, OpenCoin Inc can change the rules and spend your money.


Bitcoin is v2.0 of money - where you control it in a democratic process via mining. Core network rules are embedded in open source code.

Ripple is v1.1 of money - building on top of existing central banks, and fiat money. Their current marketing efforts are set to overtake and destroy BTC, with their centralized system.


With Bitcoin, 1 BTC is 1 BTC. They're accepted in every BTC accepting site.

With USD, 1 USD is 1 USD. They're accepted in every USD accepting site.

With Ripple, 1 BTC-Bitstamp is 1 BTC-Bitstamp. You lose them when Bitstamp [gets hacked | by owners | raided by DHS]. And it is a question of when - no site lasts forever.


Learn more: http://ripplescam.org/

[Sukrim]

You are aware that most of the stuff that you quoted is simply not true, seriously bending truth or simple propaganda written so that more of you would fall for TradeFortress' scam operations inputs.io and coinlenders? Ironically all these "arguments" against depositing coins and trusting people still enabled himself to betray the trust of his customers and walk away with 4.1k BTC "stolen" or "hacked", maybe more.

A lot of people confuse XRP ("ripples") with "Ripple" (or "OpenCoin/RippleLabs Ripple"/"Ripple.com") itself by the way. This thread here is just sad.

[leopard2]

Thanks OP

that website ist vividly :-)

not p2p, and premined, it's like virtual fiat

if I want a currency that primarily serves some issuer, I would prefer FRC or DVC, at least they are for a good cause and real p2p coins