Ripple: Does it scare you?

[bitpop]

I don't understand it, if I don't, the public sure as hell won't

Oh good.  I thought I was the only one.  I read a few articles about it and STILL didn't get it.

Same here, didn't understand, and I am smart, I know because my mother told me so.

Went over their how-ripple-works page. Still don't get it. It sounds almost like bitcoin with premined coins and no mention of how you get money out of the system. They also say simultaneously that ripple is open source, and that it will soon be open sourced.

Rule of thumb for me, if something that should be able to be explained doesn't have good answers, it's a scam. I'm staying away from it.

All I understood was getting the free giveaway and exchanging to btc ;-)

[ISAWHIM]

Ripple still exists... Isn't that a HYIP scam... You guys do realize it is a pay-forward leach, right...

What does ripple have to do with BTC? That is like discussing pay-pal or e-gold or CC's or FIAT here...

[bitpop]

How the hell did Google get involved?

[stink]

Ripple still exists... Isn't that a HYIP scam... You guys do realize it is a pay-forward leach, right...

What does ripple have to do with BTC? That is like discussing pay-pal or e-gold or CC's or FIAT here...

"Ripple Labs (originally called OpenCoin), the creator of the Ripple protocol, is backed by several investors, including Andreessen Horowitz, Google Ventures, FF Angel IV, IDG Capital Partners, Lightspeed Venture Partners, Vast Ventures, and Bitcoin Opportunity Fund."

[stink]

How the hell did Google get involved?

Why did google buy boston dynamics? They want to dominate.

[Sukrim]

Ripple still exists... Isn't that a HYIP scam... You guys do realize it is a pay-forward leach, right...

What does ripple have to do with BTC? That is like discussing pay-pal or e-gold or CC's or FIAT here...

Ripple != XRP

Ripple itself is a distributed exchange/marketplace and payment system, XRP is the native asset there.

Google did not get involved at all, Google Ventures did invest in OpenCoin (now RippleLabs) though (see http://www.gv.com/about/ - "GV provides seed, venture, and growth-stage funding to the best companies — not strategic investments for Google."). They also invested in Buttercoin (http://www.buttercoin.com/) by the way, who strive to build a kind of "franchise" Bitcoin exchange platform.

Unlike a lot of other cryptocurrencies or distributed marketplace projects, Ripple actually is developed by a staff of more than 2 dozen developers. Their focus is not really purely on Bitcoin though (while a lot of their staff comes from a Bitcoin background), so it is not really marketed towards them. Bitcoin is so easy to use on Ripple anyways, that there is no real need to convice bitcoiners in the first place in my opinion and I am glad that they focus their efforts rather on gaining more partners who build up fiat connections, something also the Bitcoin ecosystem still heavily struggles with (ever tried to withdraw from MtGox lately?).

[HairyMaclairy]

Google Ventures put in "less than 200k" in an early round.  So far as I am aware they have not put in any further funding.  I expect they would be a minor equity holder unless they have already exited completely. 

[knightcoin]

Google Ventures put in "less than 200k" in an early round.  So far as I am aware they have not put in any further funding.  I expect they would be a minor equity holder unless they have already exited completely. 

fuck goog ...

[knightcoin]

Google Ventures put in "less than 200k" in an early round.  So far as I am aware they have not put in any further funding.  I expect they would be a minor equity holder unless they have already exited completely. 

fuck goog ...

I know all their history as a company ... so FUCK GOOG again

[bitpop]

Google Ventures put in "less than 200k" in an early round.  So far as I am aware they have not put in any further funding.  I expect they would be a minor equity holder unless they have already exited completely. 

fuck goog ...

I know all their history as a company ... so FUCK GOOG again

Fuck goog anally

[knightcoin]

Google Ventures put in "less than 200k" in an early round.  So far as I am aware they have not put in any further funding.  I expect they would be a minor equity holder unless they have already exited completely. 

fuck goog ...

I know all their history as a company ... so FUCK GOOG again

Fuck goog anally

google ex guy ... AKA littecoin .. will push mem work as JAVA ... no .. man no way ... 

[knightcoin]

Google Ventures put in "less than 200k" in an early round.  So far as I am aware they have not put in any further funding.  I expect they would be a minor equity holder unless they have already exited completely. 

fuck goog ...

I know all their history as a company ... so FUCK GOOG again

Fuck goog anally

google ex guy ... AKA littecoin .. will push mem work as JAVA ... no .. man no way ... 

we can start here http://barroso.org/publications/piranha_asilomar.pdf

[morgaine]

I'm fond of saying that Ripple is like Bitcoin for people who don't want to topple the government. If I'm still using dollars and euros in 10 years, I'd prefer to do it in Ripple. The feds should feel free to guarantee my Citibank IOUs, as they already do.

[TheTribesman]

I'm fond of saying that Ripple is like Bitcoin for people who don't want to topple the government. If I'm still using dollars and euros in 10 years, I'd prefer to do it in Ripple. The feds should feel free to guarantee my Citibank IOUs, as they already do.

IOUs have to be paid. I'd rather trade with what I have so I know exactly where I stand. A person/institution can do a lot of trading through Ripple with NO financial investment, just trust. I don't agree with this principle. I still believe that if a large financial institution defaults then a lot of ordinary users will have their balances raided, just like what's going on now with QE. Institutions fail, people pay.

[Sukrim]

I'm fond of saying that Ripple is like Bitcoin for people who don't want to topple the government. If I'm still using dollars and euros in 10 years, I'd prefer to do it in Ripple. The feds should feel free to guarantee my Citibank IOUs, as they already do.

IOUs have to be paid. I'd rather trade with what I have so I know exactly where I stand. A person/institution can do a lot of trading through Ripple with NO financial investment, just trust. I don't agree with this principle. I still believe that if a large financial institution defaults then a lot of ordinary users will have their balances raided, just like what's going on now with QE. Institutions fail, people pay.

So how do you trade BTC for USD?

[HairyMaclairy]

I'm fond of saying that Ripple is like Bitcoin for people who don't want to topple the government. If I'm still using dollars and euros in 10 years, I'd prefer to do it in Ripple. The feds should feel free to guarantee my Citibank IOUs, as they already do.

IOUs have to be paid. I'd rather trade with what I have so I know exactly where I stand. A person/institution can do a lot of trading through Ripple with NO financial investment, just trust. I don't agree with this principle. I still believe that if a large financial institution defaults then a lot of ordinary users will have their balances raided, just like what's going on now with QE. Institutions fail, people pay.

So how do you trade BTC for USD?

When you trade it's a one off it's not a come back and take my money any time you like Mt Gox. 

[bitpop]

When I put btc into ripple where the hell does it go

[Sukrim]

When I put btc into ripple where the hell does it go

It stays with the person/service you deposited to until you withdraw.

When you put BTC into MtGox, where do they go?

[bitpop]

When I put btc into ripple where the hell does it go

It stays with the person/service you deposited to until you withdraw.

When you put BTC into MtGox, where do they go?

Fuck that

[Sukrim]

When I put btc into ripple where the hell does it go

It stays with the person/service you deposited to until you withdraw.

When you put BTC into MtGox, where do they go?

Fuck that

When you put BTC into http://bitlucky.io, where the hell do they go?