Nope. Just something a majority of people are missing out on. I'm personally sick of waiting sometimes over an hour for a Bitcoin transaction every time I go outside of the Ripple protocol. Everything is so much quicker and easier in there. Instant transactions and it is FREE. My wallet holds XRP, BTC, LTC, USD, shares etc. Wow! Not just the one currency. I only experience the reality when I transfer my Bitcoin using Bitcoin bridge (where you replace a Ripple address with a Bitcoin address) and it sends the Bitcoin outside of the network.
I feel sorry for those of you who do not open their eyes and continue to live in the stone age with your long confirmation times, fees, centralized exchanges etc - so little freedom. I can instantly turn my BTC into ANY currency/ commodity (being crypto, fiat, precious metals etc instantly if it is crashing). I don't need to wait hours while sinking with the boat, everything is interchangeable within Ripple INSTANTLY.
Having realized that this is not 100% accurate (the above quote) and that your misrepresenting what the
" XRP, BTC, LTC, USD, shares etc. " are inside Ripples Network. (their not real " XRP, BTC, LTC, USD, shares etc."). But instead their merely IOU's. IF I understand correctly. Maybe I don't. I think by now I FINALLY do.
That said your not stating that in your 1st statement in this thread (That their merely IOU's). That's a form of either fraud, or gross misrepresentation. A criminal offense if I recall correctly concerning financial instruments
But then you just merely overlooked that correct??? And you didn't mean to misrepresent correct?
Misleading others into thinking their " XRP, BTC, LTC, USD, shares etc." on the Ripple Network are the real thing, and not merely IOU's is not doing Ripple any favors.
Then we have the "Trust" model this is all based on. cough...cough...cough. See more on that below here.
I still want to believe Ripple can be the future railway for payment transactions, and at a much greater efficiency, and much lower costs for all. But if you and others cannot clearly and plainly, as well as honestly explain exactly what the Ripple Network is to everyone, and ethically represent it, and what it's not, then your going nowhere fast, if at all.
And this from someone that wants to believe that the Founder of Ripple means well, and has only the best of intentions.
IOU's are not real assets. But merely promises of payments at a later date and time.
Toss in the fact we have to share "trust" to strangers and the whole thing suddenly is questionable at best.
Sure if these strangers and the rest of us could be "insured" against losses then yes maybe it works, or that major backers with extremely deep pockets and zero liabilities would be gateways, with those assets pledged as insurance where placed in independent 3rd party trust accounts not under their control. Then maybe the trust issue wouldn't be tripping things up either. But without this it's just not likely to take off well.
People cannot blindly trust other people with larger amounts of money. It's a disaster waiting to happen if one is foolish enough to think that isn't true. With experience over time, everyone, sooner or later, will likely come to that very same conclusion.
It's always best to merely ignore than to appear to be a unyielding authority. Especially when not fully representing exactly what Ripple is, and what it's not. ie: it's not fast, it's not easy, it's not clear, it's not simple to understand. At least not if one cares for the real thing, instead of merely IOU's.
I have a wallet full of IOU's. Their called Federal Reserve Notes. Most don't even realize what that term means off the bat. But FRN's are dollars. Federal Reserve Note = "US DOLLARS". Not U.S.A. Dollars. But instead their loaned to the USA, at interest, into perpetuity. Merely their IOU's loaned to the Public, from a criminal banking cartel.
Having given Ripple about a year now to finally get it's act fully together and see only as much as I have to date it's clear that Ripple needs a brand new approach to win over the majority. Maybe some of the very points I just made can help. Just don't expect myself to trust others blindly when it comes to money. That isn't happening in this lifetime. Never again.
As someone that had to retain in the past stated: We can trust people all the way up to a certain point. And that certain point is money". In other words we cannot just blindly trust people when it comes to money, and their IOU's. Evidence for that is system wide all over the world.
Lastly: Threatening anyone with legal action is sheer stupidity. I just wrote off Ripple myself, entirely, with that very statement someone here made in this very thread. I wont even bother selling 31,000 Ripples to the next person since given that I now understand I could also now be seen as something I want no more part of. Those Ripples were given to me, I will let them die with me, or maybe instead Ripple, just like many other Crypto's will finally get their acts fully together and get functioning systems).
I no longer "trust in Ripple". Just like I no longer trust in FRN's. This thread sealed that fate with the threat of legal actions against those that don't care for Ripple, and were not going out of their own way to attack it maliciously. They were merely offering an opinion. And for that what is the responce??? So you must be representing Ripple???
By the way: The only thing as horrible as Fractional Reserve Banking and Debt based Fiat (IOU's) are lawyers and their clients whom are trying to 'get away with something'.
But by all means sue me too. I triple dare you to do that for what I just stated, any of what I just stated. I don't cower to bullies, nor tyrants, nor back off once they cross the line. So if your looking for a fight here I am, come get me!
I only chimed in here because someone wasn't representing what is merely IOU's. And not the real underlining assets. Leaving that part out of the equation is absolutely unforgivable.
Caveat emptor
