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Author Topic: 2013-11-11 NYTimes: The Rush to Coin Virtual Money With Real Value  (Read 1048 times)
Arvicco (OP)
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November 12, 2013, 03:03:18 AM
 #1

http://dealbook.nytimes.com/2013/11/11/the-rush-to-coin-virtual-money-with-real-value/

Here we go again, Ripple Labs is tirelessly promoting their scheme...

Quote
Still, the entire world of virtual currencies could be rendered irrelevant almost overnight if law enforcement agencies decided to crack down on transactions. Several state and federal authorities have said that they are looking at how to police the market, worried that the anonymous nature of the online transactions make the currencies attractive for criminals.

Yes, centralized proprietary systems with a single point of failure such as Ripple, could be "rendered irrelevant almost overnight" by heavy handed authorities, no doubt about it. That's why they WILL inevitably fail, sooner or later. Really decentralized P2P currencies like Bitcoin, not so much.

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Carlton Banks
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November 12, 2013, 03:08:15 AM
 #2

http://dealbook.nytimes.com/2013/11/11/the-rush-to-coin-virtual-money-with-real-value/

...Ripple Labs is tirelessly promoting their scheme once again...

scam is spelled S-C-A-M, no 'h', no 'e'.

Vires in numeris
Arvicco (OP)
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November 12, 2013, 03:12:15 AM
 #3

scam is spelled S-C-A-M, no 'h', no 'e'.

... oh, pardon my poor English, good Sir...

Carlton Banks
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November 12, 2013, 11:59:24 AM
 #4

scam is spelled S-C-A-M, no 'h', no 'e'.

... oh, pardon my poor English, good Sir...

...that's quite alright, my dear fellow...

Vires in numeris
wachtwoord
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November 12, 2013, 01:14:21 PM
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lol god damn Ripple Grin
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November 12, 2013, 09:17:48 PM
 #6

Online payment network Ripple Labs receives $3.5m in new funding

Decentralised online payment network Ripple Labs has received a further $3.5m in funding.

 Huh

3,5 mio too much.

http://www.coindesk.com/online-payment-network-ripple-labs-receives-3-5m-new-funding/

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November 12, 2013, 10:20:22 PM
 #7

Its okay, they're the "Razorfish" of bitcoin startups.

Don't know who "Razorfish" is? That's okay, because they got millions in funding before the big 2000 tech rally popped. They no longer exist.

fortitudinem multis - catenum regit omnia
prophetx
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November 13, 2013, 12:00:57 AM
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Its okay, they're the "Razorfish" of bitcoin startups.

Don't know who "Razorfish" is? That's okay, because they got millions in funding before the big 2000 tech rally popped. They no longer exist.


Netscape does not exist anymore either....

anyway that is not the point, plus the ripple thing is supposedly open source now

free PR so i wouldnt wine about it
tinus42
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November 13, 2013, 12:05:28 AM
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Its okay, they're the "Razorfish" of bitcoin startups.

Don't know who "Razorfish" is? That's okay, because they got millions in funding before the big 2000 tech rally popped. They no longer exist.


I only remember that name because of this photo:



It was a hoax though:

http://www.pcmag.com/article2/0,2817,1590109,00.asp
tinus42
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November 13, 2013, 12:11:30 AM
 #10

Its okay, they're the "Razorfish" of bitcoin startups.

Don't know who "Razorfish" is? That's okay, because they got millions in funding before the big 2000 tech rally popped. They no longer exist.


Netscape does not exist anymore either....

They donated their IP to the Mozilla Foundation. Which brings out Firefox.
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November 13, 2013, 12:19:14 AM
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Its okay, they're the "Razorfish" of bitcoin startups.

Don't know who "Razorfish" is? That's okay, because they got millions in funding before the big 2000 tech rally popped. They no longer exist.


Netscape does not exist anymore either....

They donated their IP to the Mozilla Foundation. Which brings out Firefox.

right and razorfish got bought out... so...
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