Our main competitor Ripple now open-source

[drawingthesun]

Ripple is now open source:

https://ripple.com/forum/viewtopic.php?t=3718&p=18013

Conveniently released around the same time as a new scaremongering campaign against bitcoin:

https://bitcointalk.org/index.php?topic=344522.0

Much like Mercedes was probably a Ripple shill talking down Bitcoin, it would not surprise me if all this news is a coordinated attack on Bitcoin.

But of course, XRP is "not" a currency and in "no" way competes with Bitcoin. If you believe that then you have already failed to protect Bitcoin.

Google will move to integrate Ripple into Gmail and spread its adoption.

EDIT:
Ok it was released a month ago, my bad.

But still...

I really think we have to watch these guys, Google has been pushing blacklists and other things through Mike to worsen Bitcoin and they also invest in Ripple.

[corebob]

Lets just keep a steady pace and a low profile. We don't need to compete.

I say we stay away from a battleground we can not conquer, thats what open source did and thats how they succeeded in the end.

[faizaa123]

Competition is absolutely not a bad thing, imo.

[coreli]

Competition is absolutely not a bad thing, imo.

Brings more people to the table, red wedding style  .

[champsak]

Like Bitcoin:
Ripple is an open source, distributed peer-to-peer payment network
Ripple transactions are irreversible, sent over the Internet, and counterfeit proof
Ripple uses the same underlying cryptography as Bitcoin
Ripple has multi-signature support
Ripple has low to no transaction fees
Ripple servers can be run by anyone
Unlike Bitcoin:
Ripple can send any currency
Ripple can automatically exchange currencies
Ripple transactions are fully confirmed in seconds
Ripple allows nicknames and gravatar icons for accounts
Ripple's reference client is a Firefox and Chrome add on
Ripple has no block chain download, clients are ready in seconds
Ripple has no mining or direct monetary reward for running a server
Ripple has no currency risk as people can hold whatever fiat they want
Ripple solves the double spending problem with consensus instead of proof-of-work

https://ripple.com/wiki/Introduction_to_Ripple_for_Bitcoiners

Interesting, looks like a system that even a person with no computer skills could start using.