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Author Topic: Ripple trying to take over the Bitcoin Discussion thread  (Read 3804 times)
Peter Lambert
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May 22, 2013, 05:13:12 PM
 #61

There's a tendency for every Ripple related thread to turn into discussions about Ripple. It's certainly not very productive.

If people are learning, then why is it not productive?

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May 23, 2013, 08:22:00 AM
 #62

There's a tendency for every Ripple related thread to turn into discussions about Ripple. It's certainly not very productive.

If people are learning, then why is it not productive?
He thinks Ripple is a scam and therefore the discussions are unproductive. A lot people throw around a lot of opinions instead of learning facts, observing what's happening in the world, and discussing ideas. I don't know where people get so many opinions frankly.
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May 23, 2013, 08:38:30 AM
 #63

There's a tendency for every Ripple related thread to turn into discussions about Ripple. It's certainly not very productive.

If people are learning, then why is it not productive?
He thinks Ripple is a scam and therefore the discussions are unproductive. A lot people throw around a lot of opinions instead of learning facts, observing what's happening in the world, and discussing ideas. I don't know where people get so many opinions frankly.
No, not that. The thing is there tends to be the exact same aspect/concept discussed across multiple threads.
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May 23, 2013, 08:47:46 AM
 #64

There's a tendency for every Ripple related thread to turn into discussions about Ripple. It's certainly not very productive.

If people are learning, then why is it not productive?
He thinks Ripple is a scam

If Ripple guys are lying right from the beginning just to get people in the game (and profit from them), then i would say it is the definition of scam.

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May 23, 2013, 03:59:06 PM
 #65

Even cash is debt; that's why they are Federal Reserve Notes, representing an IOU from the government to you.

And Bitcoin, big surprise is pegged to them. It's a closed system folks.


Could you go into more detail on how bitcoins are pegged to USD? I look at bitcoincharts.com and I see that the exchange rate between the two floats around with great volatility, just about as far from pegged as one can be!

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May 23, 2013, 07:07:32 PM
 #66

Even cash is debt; that's why they are Federal Reserve Notes, representing an IOU from the government to you.

And Bitcoin, big surprise is pegged to them. It's a closed system folks.


Could you go into more detail on how bitcoins are pegged to USD? I look at bitcoincharts.com and I see that the exchange rate between the two floats around with great volatility, just about as far from pegged as one can be!

I would be very surprised if he knew what a 'currency peg', or a 'closed financial system' was.
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May 30, 2013, 09:28:42 PM
 #67

As of today it is closed source and centralized.

Thanks for stating the obvious. Was this ever in dispute?
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May 30, 2013, 09:35:42 PM
 #68

The thing is there tends to be the exact same aspect/concept discussed across multiple threads.

I agree fully. The aspects that get repeated are :

"Ripple is a scam"
"Ripple supporters are shills"
"Ripple posters are paid by OpenCoin"
"Ripple is closed source"
"Ripple is centralized"
"Ripple can't possibly work"

Usually coming from TradeFortress. It got so bad I had to create a moderated thread just to be able to have any kind of civil discourse.

Not content with posting the same accusations in multiple threads, TradeFortress pays newbies (see this thread) to use their signature as a back door so he can spread his tripe into as many pages of as many subforums as possible.

So yeah, anti-Ripple posts are definitely trying to take over the Bitcoin forum, thanks to TradeFortress.
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May 30, 2013, 09:50:30 PM
 #69

There's a tendency for every Ripple related thread to turn into discussions about Ripple. It's certainly not very productive.

If people are learning, then why is it not productive?
He thinks Ripple is a scam and therefore the discussions are unproductive. A lot people throw around a lot of opinions instead of learning facts, observing what's happening in the world, and discussing ideas. I don't know where people get so many opinions frankly.
No, not that. The thing is there tends to be the exact same aspect/concept discussed across multiple threads.
Yeah, good point.
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June 02, 2013, 03:09:35 PM
 #70

Even cash is debt; that's why they are Federal Reserve Notes, representing an IOU from the government to you.

And Bitcoin, big surprise is pegged to them. It's a closed system folks.


Could you go into more detail on how bitcoins are pegged to USD? I look at bitcoincharts.com and I see that the exchange rate between the two floats around with great volatility, just about as far from pegged as one can be!

I would be very surprised if he knew what a 'currency peg', or a 'closed financial system' was.

Ok lets pretend...
I have no idea, you explain it.
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June 02, 2013, 04:06:04 PM
 #71

In my opinion, Ripple has too much centralization and power given to the creators. It also isn't transparent and open source so that limits the trust as well.

Peter Lambert
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June 02, 2013, 07:17:04 PM
 #72

Even cash is debt; that's why they are Federal Reserve Notes, representing an IOU from the government to you.

And Bitcoin, big surprise is pegged to them. It's a closed system folks.


Could you go into more detail on how bitcoins are pegged to USD? I look at bitcoincharts.com and I see that the exchange rate between the two floats around with great volatility, just about as far from pegged as one can be!

I would be very surprised if he knew what a 'currency peg', or a 'closed financial system' was.

Ok lets pretend...
I have no idea, you explain it.

Ok, this is going a bit off-topic...

A currency peg is when the currency issuer sets a certain amount of some commodity or other currency for which the issued currency can be traded, usually by making a law concurrent to issuing the currency. So if your currency is pegged to gold, there is a certain amount of gold for which you will redeem units of your currency. Or if your currency is pegged to another currency, there is a decreed exchange rate for which they can be traded.

Bitcoins are most certainly not pegged to anything.

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