datz (OP)
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"to survive, we must live and fly"
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February 12, 2014, 01:36:19 PM
Last edit: February 12, 2014, 01:54:17 PM by datz |
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Innovation is upon us once more. BEHOLD - the first futures on the Ripple protocol. Trade Ether, the currency of the exciting Turing complete up and coming protocol Ethereum featured in Wired before it even launches over the Ripple protocol ( Reddit). You saw it first on Simple Gateway.   |
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davidpbrown
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February 12, 2014, 02:04:59 PM |
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Ripple is such a turnoff relative to Bitcoin; and then is Ethereum's ambitions to include Turing complete offering not going to invoke complexities that can't be resolved?.. All I've seen of that suggestion of Turing complete protocol is that it could force changes back in time on transactions, in ways that will be more disruptive than helpful. Would Turing complete not offer the potential of having viruses and other mischeif in the Blockchain??
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฿://12vxXHdmurFP3tpPk7bt6YrM3XPiftA82s
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benjyz
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February 12, 2014, 02:33:48 PM |
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you have to trust someone to deliver some "thing" which doesn't even exist yet (not even the PoW is fixed). and trusting ripple means taking risks against 3 couterparties, instead of 2. Ripple can go bankrupt, the gateway can go bankrupt and the currency issuer can go bankrupt/not deliver. have fun.
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datz (OP)
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Activity: 295
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"to survive, we must live and fly"
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February 12, 2014, 02:45:30 PM |
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you have to trust someone to deliver some "thing" which doesn't even exist yet (not even the PoW is fixed). and trusting ripple means taking risks against 3 couterparties, instead of 2. Ripple can go bankrupt, the gateway can go bankrupt and the currency issuer can go bankrupt/not deliver. have fun.
you have to trust ethereum and the gateway/issuer. only two parties - not three. ripple labs (well funded) could go bankrupt and the protocol would still live. |
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davidpbrown
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February 12, 2014, 03:00:35 PM |
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ripple labs (well funded) could go bankrupt and the protocol would still live.
 Why won't it just die! |
฿://12vxXHdmurFP3tpPk7bt6YrM3XPiftA82s
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datz (OP)
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"to survive, we must live and fly"
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February 12, 2014, 03:09:42 PM |
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ripple labs (well funded) could go bankrupt and the protocol would still live.
Why won't it just die! the people who run it are insanely intelligent and good developers. |
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davidpbrown
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February 12, 2014, 03:19:20 PM |
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Yeah.. I meant the zombie after Ripple goes under..
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฿://12vxXHdmurFP3tpPk7bt6YrM3XPiftA82s
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datz (OP)
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Activity: 295
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"to survive, we must live and fly"
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February 12, 2014, 03:24:05 PM |
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Yeah.. I meant the zombie after Ripple goes under..
i'd rather fight a zombie than a terminator android. |
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davidpbrown
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February 12, 2014, 03:38:44 PM |
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Machines are like centralized payment systems, they're easy to kill.. good ideas, never die.
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kwukduck
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February 12, 2014, 04:01:24 PM |
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Except for the fact of course, that ripple is a horrible idea worked out by an even worse intentioned group of people.
Its more like this sickness that we can't get rid off, sockpuppets and ripple shills everywhere.
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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datz (OP)
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Activity: 295
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"to survive, we must live and fly"
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February 12, 2014, 04:35:51 PM |
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Except for the fact of course, that ripple is a horrible idea worked out by an even worse intentioned group of people.
Its more like this sickness that we can't get rid off, sockpuppets and ripple shills everywhere.
Well it is the only way you are going to be able to trade Ether in the near future so get used to it. |
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