RIPPLE IS A SHIT !! XRP IS SHITTY !!

[QuantPlus]

XRP is 100% pre-mined and all is under control of OpenCoin. Isn't it ?

...and they're selling the "stamps" that allow people to send "packages" through their system.

I appreciate you trying to be objective about Ripple...
But the "stamps" metaphor was retarded and is out-dated by at least 6 months.

In addition to being a transmission network...  Ripple is an exchange like the NYSE.

But while the NYSE exchanges stocks via USD...
This is difficult on Ripple because Ripple supports fiat, crypto, commodities, custom securities, anything...
So Rippple needs an internal currency to facilitate exotic exchanges...
Like to exchange Philipinnes Pesos for AK47 rounds via XRP...
Or to exchange Chinese SAM missiles for Viagra via XRP...
XRP is not fucking "stamps", baby.

[worldinacoin]

It has yet to proven itself but we cant say it is a threat

[digitalindustry]

If the Ant derivative is carried out successfully , it will likely replace ripple , as it is  simple to understand , and open source.

Barwizi has run into allocation problems . But these can be overcome .

These problem relate to a pre conceived idea about its function or the execution of the instrument.

[Anduck]

OP is a good example of typical Ripple hater.

[Anduck]

XRP is 100% pre-mined and all is under control of OpenCoin. Isn't it ?

...and they're selling the "stamps" that allow people to send "packages" through their system.

I appreciate you trying to be objective about Ripple...
But the "stamps" metaphor was retarded and is out-dated by at least 6 months.

In addition to being a transmission network...  Ripple is an exchange like the NYSE.

But while the NYSE exchanges stocks via USD...
This is difficult on Ripple because Ripple supports fiat, crypto, commodities, custom securities, anything...
So Rippple needs an internal currency to facilitate exotic exchanges...
Like to exchange Philipinnes Pesos for AK47 rounds via XRP...
Or to exchange Chinese SAM missiles for Viagra via XRP...
XRP is not fucking "stamps", baby.

XRP is a currency built into Ripple. You only need max 500 XRP for your lifetime needs of using Ripple. It is like stamps, right?
If you exchange A for B and it would need to be done A->XRP->B, do you think you need XRP? Yes, you need XRP. About 10 drops, yeah.

[mah87]

XRP is 100% pre-mined and all is under control of OpenCoin. Isn't it ?

...and they're selling the "stamps" that allow people to send "packages" through their system.

I appreciate you trying to be objective about Ripple...
But the "stamps" metaphor was retarded and is out-dated by at least 6 months.

In addition to being a transmission network...  Ripple is an exchange like the NYSE.

But while the NYSE exchanges stocks via USD...
This is difficult on Ripple because Ripple supports fiat, crypto, commodities, custom securities, anything...
So Rippple needs an internal currency to facilitate exotic exchanges...
Like to exchange Philipinnes Pesos for AK47 rounds via XRP...
Or to exchange Chinese SAM missiles for Viagra via XRP...
XRP is not fucking "stamps", baby.

stamp methaphor is good; It's just that it's not only stamp. The problem will be exchange rate. FUC YOU!m

[Anduck]

The problem won't be exchange rate............... As I said, you dont need much XRP to use it for a lifetime. Probably 200 XRP is more than enough!!

[The_Catman]

It's more like the whole packaging than just the stamp. Or rather, the ripple system is the packaging, and XRP are the stamps.

[zeroday]

It's more like the whole packaging than just the stamp. Or rather, the ripple system is the packaging, and XRP are the stamps.

And the worst thing is that such "stamp" price is subject to speculation. Imagine that today you send a letter which costs you a quarter, but a month later you have to pay $10 because price is driven up by crazy traders.

From the 100 billion of total XRP, 20 billion went to the founders and 30 billion to OpenCoin to fund development. The 50 billion remaining are supposed to be given away to promote Ripple.

AFAIK, now it's trading about $0.01 per 1 XRP. So, In posession of "founders" there are $200M worth of XRPs, and $500M to be given away to people who will probably start speculating it

P.S. I like the idea of ripple as a trading system, but XRP is really shitty thing.