I think this is proof ripple will ultimately compete with

[Explodicle]

What's stopping someone from forking Ripple and running a server where the transaction fee tokens are backed with Bitcoins or USD?

[cosmicboy]

This is true, kids. The Man just came to my house, told me to put my wallet.dat on a floppy, and walked out with it.
[/quote]

Your lucky. I had my private key tattooed on my ass.....still can't sit down!

[misterbigg]

What's stopping someone from forking Ripple and running a server where the transaction fee tokens are backed with Bitcoins or USD?

The currency used to pay the fee has to be built-in to the system. You can't use the blockchain, because then every Ripple transaction would have to wait for confirmations. You can't use USD because those are only IOUs in the system. Also, Ripple destroys the transaction fee. That would mean money being wasted!

XRP solves an impressive number of problems in the Ripple system so you can't really do away with it. More practically, a fork could eliminate the genesis ledger which puts 100 billion into a predetermined account and instead allow XRP to be created through proof of work. This mining wouldn't be necessary to secure the ledger (this is already implemented using the consensus process).

[peacefulmind]

XRP is a get rich quick scam for the well connected establishment owners trying to hijack wealth created by cryptocurrency developers, miners, merchants, users etc, etc.

[Ares]

Ripple to END bitcoin? ha ha, whatever you are smoking. Just stop it. That's probably the single dumbest thing I have read on this board. And I have 'seen some shit' go down.

quoting for when ripple becomes big and announces "guys, it's in everyones best interest that we remove bitcoin from ripple because XRP serves the same purpose and more!"


gg Bitcoin

[BitcoinBarrel]

XRP is not nearly as cool as BTC. Bitcoin, it just makes sense.