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13Darko (OP)
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December 26, 2013, 07:03:27 PM |
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What is Ripple and where did they get so much money?.. robbed some central banks?  |
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"You Asked For Change, We Gave You Coins" -- casascius
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slk_wow
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Activity: 42
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December 26, 2013, 08:37:28 PM |
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but the purpose of the coin is really good to support scientific computing, and website is nice  |
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Parazyd
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December 26, 2013, 08:38:04 PM |
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It's a scam.
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yatsey87
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December 27, 2013, 02:54:34 PM |
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but the purpose of the coin is really good to support scientific computing, and website is nice Oh well, if the website is nice it must be legit  |
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batoelrob
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December 27, 2013, 03:28:43 PM |
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I don't like it. It's justy the opposite of what coinfans are looking for; it's centralized, you have to register, the coin is 100% premined...etc. Rubbish for me, it's just a bunch of rich guys who try to make a lot of money, I guess.
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pao_de_lo
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Activity: 968
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December 27, 2013, 03:34:21 PM |
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galbros
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December 27, 2013, 04:09:40 PM |
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There is a lot of confusion because ripple is both a payment network (that can handle all sorts of coins) as well as a currency, called ripples, that is used as a stamp on that transaction network.
Ripple is not mined like most cryptos, rather it was all created at once and held by the foundation. Since this is essentially a "premined" type situation many assert it is a scam. Ripples skyrocketed in value for awhile but has since fallen back.
Good Luck!
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tampazeus
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December 27, 2013, 04:14:08 PM |
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Also Ripple is centralized and all Ripples premined.
I still dont know why Ripple could be usefull for something
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dogeball
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December 27, 2013, 04:17:20 PM |
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Also Ripple is centralized and all Ripples premined.
I still dont know why Ripple could be usefull for something
Agreed, I don't know who would use ripple necessarily but there probably is someone on this forum that uses it, they should probably explain what they use it for. |
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jonanon
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December 27, 2013, 04:21:58 PM |
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Not fond of ripple at all, it somehow doesn't fit in to what crypto really is!  |
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OnkelPaul
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December 27, 2013, 04:38:06 PM |
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Ripple is not a coin, it's a marketplace and a distributed exchange.
Its main purpose (as I see it) is to enable people to trade different currencies, even when currency pairs are not directly traded on a centralized exchange. As such it has a function that is not as easily fulfilled by the current system of bitcoin and exchanges.
To dispel some FUD:
- You don't have to register to use it. Just like with Bitcoin, you create an wallet with a private and public key. The standard client does not support managing multiple addresses as easily as the bitcoin client does, though.
- Ripple's design is to be decentralized. It is currently still in a development phase, and most servers are operated by Ripple Labs, but as external servers connect to the network, it becomes less dependent on a single organization.
- XRP (the currency used internally for "transaction fees") has been pre-generated, and Ripple Labs intends to make money off that. But since XRP is not mined, the concept of "pre-mined" does not make much sense.
- The "rippling" mechanism where currency can flow "through" an account is often misunderstood and misrepresented by folks who are antagonistic to Ripple. Rippling only happens when you trust two different issuers for the same currency, and it can only have negative effects when one of those issuers is not trustworthy.
Onkel Paul
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mikeme
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December 27, 2013, 04:44:52 PM |
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I still no understand what is Ripple!!! ... ok better |
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AltCurrency
Member
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Activity: 98
Merit: 10
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January 02, 2014, 06:08:54 PM |
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Yep ripple is a scam coin!!!!
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Sukrim
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January 02, 2014, 07:42:55 PM |
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Ripple is not even a cryptocurrency, because if you store it on your harddrive they still can devalue your coins because of their build in system.
Uhm what? The value of XRP is derived on the open market, just like BTC (who also change in value even if you don't move them). Somehow the signal/noise ratio is quite bad in this kind of threads... |
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mprep
Global Moderator
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Activity: 3766
Merit: 2610
In a world of peaches, don't ask for apple sauce
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January 02, 2014, 08:05:36 PM |
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Ripple is not even a cryptocurrency, because if you store it on your harddrive they still can devalue your coins because of their build in system.
Uhm what? The value of XRP is derived on the open market, just like BTC (who also change in value even if you don't move them). Somehow the signal/noise ratio is quite bad in this kind of threads... I think he meant that ripples can be taken away from you by the owners of Ripple, while bitcoins can be taken away if they get the private key. He was kind of pointing out the flaws of centralization. |
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HostFat
Staff
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Activity: 4214
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I support freedom of choice
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January 02, 2014, 10:03:59 PM |
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I think he meant that ripples can be taken away from you by the owners of Ripple They can't as Satoshi can't take away your Bitcoins, there is no difference. |
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alivecrypto
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January 02, 2014, 10:12:06 PM |
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Ripple is a Centralized currency and ripple didn't meet any rules and regulations of Decentralized currency, In normal language we can describe ripple as a scam nothing more then that. Its ruled by few people and trying to rob public's billions of dollars. Be aware.
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NWO
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January 02, 2014, 10:25:17 PM |
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A really good investment that you shouldn't know about. Shh.
To prevent you from buying them up before I do, I'll just call it a scam. Hope I scared you.
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mprep
Global Moderator
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Activity: 3766
Merit: 2610
In a world of peaches, don't ask for apple sauce
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January 02, 2014, 10:34:34 PM |
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I think he meant that ripples can be taken away from you by the owners of Ripple They can't as Satoshi can't take away your Bitcoins, there is no difference. Well, Ripple is centralized. Isn't it suposed to be controlled by the owners? |
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