Ripple trying to take over the Bitcoin Discussion thread

[ktttn]

Ripple had a seat on the 'alternate crypto-currency roundtable at the 2013 conference.  I didn't see anyone holding a gun to their heads.

"Ripple" is a system for managing and tracking account balance. It contains "XRP", which is a built in crypto-currency. It's not quite accurate to say that "Ripple is an alt coin" because it is more than that. However, it might be correct to say that "XRP is an alt coin."

But calling Ripple an alt-coin is to ignore all of its other functionality, which in my opinion is a mistake.

XRP threads go in Alt Currencies. Ripple threads go in Service Discussion. Easy. Now you know where to move your two threads. Thanks.

+1
Ripple... first heard of it years ago...seemed sketch then. And then it was flooded on a certain a-no-no-mouse imgeboard. Im pretty sure the trust thing is utterly compromised. NosirIdontlikeit.
MODS MODS MODS MODS...

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[ShadowOfHarbringer]

I have just been at bitcoin conference in san Jose ca, this was a great thing for bitcoin. One thing I noticed while at the conference is there where heaps of ripple employees/promoters their pretending to be bitcoin users and supporters. They where very sneaky and have also disguised themselves on this forum as bitcoin users by building up lots of posts. Have have seen ripple for what it is now. ripple is a group of people trying to fool people into using their system and their own crypto currency to get rich and hold a monopoly on the market.
ripple is not decentralized.
ripple is polluting bitcoin. they do not like bitcoin and this can be seen easily when speaking to them face to face. don't be fooled by clever marketing.

I already said this. Ripple creators are sneaky, scammy bastards.

I don't care about the future when/if they open the sources. I care about right now. And as of today Ripple is a centralized, closed source, despicable SCAM.

Ripple should only ever be discussed in alternate crypto section.

Completely agreed.

[smoothie]

I have just been at bitcoin conference in san Jose ca, this was a great thing for bitcoin. One thing I noticed while at the conference is there where heaps of ripple employees/promoters their pretending to be bitcoin users and supporters. They where very sneaky and have also disguised themselves on this forum as bitcoin users by building up lots of posts. Have have seen ripple for what it is now. ripple is a group of people trying to fool people into using their system and their own crypto currency to get rich and hold a monopoly on the market.
ripple is not decentralized.
ripple is polluting bitcoin. they do not like bitcoin and this can be seen easily when speaking to them face to face. don't be fooled by clever marketing.

I already said this. Ripple creators are sneaky, scammy bastards.

I don't care about the future when/if they open the sources. I care about right now. And as of today Ripple is a centralized, closed source, despicable SCAM.

Ripple should only ever be discussed in alternate crypto section.

Completely agreed.

+1

[Its About Sharing]

Ripple had a seat on the 'alternate crypto-currency roundtable at the 2013 conference.  I didn't see anyone holding a gun to their heads.

"Ripple" is a system for managing and tracking account balance. It contains "XRP", which is a built in crypto-currency. It's not quite accurate to say that "Ripple is an alt coin" because it is more than that. However, it might be correct to say that "XRP is an alt coin."

But calling Ripple an alt-coin is to ignore all of its other functionality, which in my opinion is a mistake.

XRP threads go in Alt Currencies. Ripple threads go in Service Discussion. Easy. Now you know where to move your two threads. Thanks.

+1 - This sounds fair and is descriptive. As more alt currencies and other means of payment/funding/etc are discovered the board will just clutter.

I also get the feeling that people in Ripple community are trying to infiltrate the BTC community (excluding the mod ;-)

[justusranvier]

Ripple had a seat on the 'alternate crypto-currency roundtable at the 2013 conference.  I didn't see anyone holding a gun to their heads.

"Ripple" is a system for managing and tracking account balance. It contains "XRP", which is a built in crypto-currency. It's not quite accurate to say that "Ripple is an alt coin" because it is more than that. However, it might be correct to say that "XRP is an alt coin."

But calling Ripple an alt-coin is to ignore all of its other functionality, which in my opinion is a mistake.

XRP threads go in Alt Currencies. Ripple threads go in Service Discussion. Easy. Now you know where to move your two threads. Thanks.

+1

Perhaps non-XRP Ripple threads could even have their own section in Service Discussion so that people who don't want to see them could use the ignore board feature.

[🏰 TradeFortress 🏰]

Or.. perhaps the forum could have an "anything realted to alt coin goes to alt crypto" policy.

[BadBear]

XRP threads go in Alt Currencies. Ripple threads go in Service Discussion. Easy. Now you know where to move your two threads. Thanks.

This is a good idea, along with the one discussing distributed exchanges to project development. Bitcoin Discussion should stay Bitcoin discussion, service discussion is probably relevant enough for ripple. Never liked moving them to alt currencies much cause it isn't really an alt currency, besides XRP itself.  

[jipper3691]

So it is like Ripple is the Romney campaign with paid supporters while Bitcoin is the Ron Paul campaign with unpaid grassroots supporters.

LOL....

No, its more like Bitcoin is Ron Paul: completely rigid in his ideology and too set in his ways to consider other possibilities.

And Ripple is Rand Paul: younger, more open minded, more energy, able to get more things done because he tries to work within the system instead of trying to challenge it directly.

so very true Rand Paul also a disgusting bought and paid for sell out..

[Peter Lambert]

I like Ripple

although I dont understand how many Ripples I need to make an IOU of any decent amount

This is probably off-topic to the discussion at hand, but the answer is easy enough.

You really don't need many ripples to do that, 200 will cover the account reserve requirement, then it costs one transaction fee (0.000001 XRP, I think) to send the IOU. As long as the person you are sending to has the reserve ripples in their account and has trusted you, if they trust you for 100 billion BTC, then you can send that 100 billion BTC IOU using the 0.000001 XRP.

[Cablez]

I try not to deal in debt in the real world, why would I deal in debt on the internet??  Stick to Bitcoin, its a better idea.

[Peter Lambert]

I try not to deal in debt in the real world, why would I deal in debt on the internet??  Stick to Bitcoin, its a better idea.

Unless you only ever use cash and bitcoins, you do deal in debt.

Do you deposit money in a bank account? That is accepting Bank IOUs for your cash. Do you ever give somebody a check? That is giving that person an IOU. Later they give it to their bank and that bank gives it to your bank, and then your IOU is used to cancel some of the bank IOUs. Ripple just makes these relationships more explicit and open, not everything has to go through the central bank anymore.

[uMMcQxCWELNzkt]

I try not to deal in debt in the real world, why would I deal in debt on the internet??  Stick to Bitcoin, its a better idea.

Unless you only ever use cash and bitcoins, you do deal in debt.

Do you deposit money in a bank account? That is accepting Bank IOUs for your cash. Do you ever give somebody a check? That is giving that person an IOU. Later they give it to their bank and that bank gives it to your bank, and then your IOU is used to cancel some of the bank IOUs. Ripple just makes these relationships more explicit and open, not everything has to go through the central bank anymore.

Instead everything can go through the new central Ripple bank.

[mmeijeri]

I try not to deal in debt in the real world, why would I deal in debt on the internet??  Stick to Bitcoin, its a better idea.

The point is not that trading IOUs in Ripple is a better way to do payments than using Bitcoin, it isn't. The point is that Ripple is a better way to buy or sell Bitcoin against fiat currency than Mt Gox. That is the enormous synergy it has with Bitcoin. Right now, centralised exchanges are Bitcoin's main weakness.

[Peter Lambert]

I try not to deal in debt in the real world, why would I deal in debt on the internet??  Stick to Bitcoin, its a better idea.

Unless you only ever use cash and bitcoins, you do deal in debt.

Do you deposit money in a bank account? That is accepting Bank IOUs for your cash. Do you ever give somebody a check? That is giving that person an IOU. Later they give it to their bank and that bank gives it to your bank, and then your IOU is used to cancel some of the bank IOUs. Ripple just makes these relationships more explicit and open, not everything has to go through the central bank anymore.

Instead everything can go through the new central Ripple bank.

Ripple is designed to be a distributed system, so there is no central Ripple bank.

[phelix]

I try not to deal in debt in the real world, why would I deal in debt on the internet??  Stick to Bitcoin, its a better idea.

Unless you only ever use cash and bitcoins, you do deal in debt.

Do you deposit money in a bank account? That is accepting Bank IOUs for your cash. Do you ever give somebody a check? That is giving that person an IOU. Later they give it to their bank and that bank gives it to your bank, and then your IOU is used to cancel some of the bank IOUs. Ripple just makes these relationships more explicit and open, not everything has to go through the central bank anymore.

Instead everything can go through the new central Ripple bank.

Ripple is designed to be a distributed system, so there is no central Ripple bank.

As of today it is closed source and centralized.

[ihsotas]

I try not to deal in debt in the real world, why would I deal in debt on the internet??  Stick to Bitcoin, its a better idea.

Unless you only ever use cash and bitcoins, you do deal in debt.

Do you deposit money in a bank account? That is accepting Bank IOUs for your cash. Do you ever give somebody a check? That is giving that person an IOU. Later they give it to their bank and that bank gives it to your bank, and then your IOU is used to cancel some of the bank IOUs. Ripple just makes these relationships more explicit and open, not everything has to go through the central bank anymore.

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

[ElectricMucus]

I try not to deal in debt in the real world, why would I deal in debt on the internet??  Stick to Bitcoin, its a better idea.

Unless you only ever use cash and bitcoins, you do deal in debt.

Do you deposit money in a bank account? That is accepting Bank IOUs for your cash. Do you ever give somebody a check? That is giving that person an IOU. Later they give it to their bank and that bank gives it to your bank, and then your IOU is used to cancel some of the bank IOUs. Ripple just makes these relationships more explicit and open, not everything has to go through the central bank anymore.

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.

oh wait... apparently not entirely
But since it is not Bitcoin or can't be hoarded for financial gain it isn't worth it, right?

[nameface]

OP, You can't just talk some smack and expect to convince anyone that any Bitcoin fan that likes Ripple is some sort of shill.

Also, WTF are you talking about re: the conference? The Ripple guys just stayed at their booth and some interested people gathered around them. They represented maybe ~3% of the space in the main room at best and they were totally chill. You're an idiot.

[🏰 TradeFortress 🏰]

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

[ElectricMucus]

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