How did we let this happen?

[ChuckBuck]

If Ripple so innovative why isn't it receiving the backing and support that Bitcoin is getting?  Why isn't Ripple users getting warned, or why aren't they getting taxed, or why isn't Governments trying to get it regulated.

There's a reason why...Ripple isn't going anywhere!

Stop trying to mention Ripple in Bitcointalk, it isn't getting you anywhere.  On second thought, it isn't getting itself anywhere either!    

It's probably why Jed McCaleb abandoned Ripple's ship...

Oh, I see I've hurt your feelings.  Certainly wasn't my intention but truth has a tendency to do that.  But you're right, who am I to spout such things.  Just some random forum poster.

Marc Andreessen seems to think Ripple's a good investment.  Maybe you've heard of him.  

And this guy, VP of the Federal Reserve of St. Louis has couple of modest things to say about Ripple.

“Ripple is a currency-agnostic protocol. Ripple is the winner. It processes anything. It’s quite possible this ruling benefits payment processors, rather than virtual currencies.”

http://www.coindesk.com/federal-bank-vp-bitcoin-threat-means-banks-must-adapt-die/

http://aworldofcurrency.com/?p=1919

No feelings hurt.  True or False, Marc Andreesen has more skin in the Bitcoin game than Ripple?

Hey is Ripple XRP?  

http://rippleprice.com/

Is that the price!!!

That's pretty pathetic dude.

[~Coinseeker~]

One trick pony would be a very good description of tha Interwebs in the mid-90s (i was there, i thought it was crap).
Send mail, look at very slow porn, get disconnected every 5 minutes, have a telephone bill like the GDP of Cuba.
Now look at us....

Even though I'm not the worlds biggest BTC fan, I'm pretty sure that Bitcoin is here to stay and I'm hodling my few BTC. And I'm gonna buy some more when it dips under $400.
Look on this dip as an opportunity, not a disaster.

BTW: I recently spent €200,000 on a pile of bricks and wood, arranged in a sort of cave like structure...was that a good idea ?
  

To each his own on where they put their money.  I will never put money back into Bitcoin, for a multitude of reasons and I will never tell anyone else to invest in Bitcoin. From a long-term investment standpoint, I see much better options.  But that's me.

No feelings hurt.  True or False, Marc Andreesen has more skin in the Bitcoin game than Ripple?

Hey is Ripple XRP?  

http://rippleprice.com/

Is that the price!!!

That's pretty pathetic dude.

Pot calling the kettle black?  Have you looked at the Bitcoin price lately?      

Fortunately for Ripple though, it's success is not determined by the value of it's internal currency.  "Swiss army knife"...just remember that.  

[ChuckBuck]

One trick pony would be a very good description of tha Interwebs in the mid-90s (i was there, i thought it was crap).
Send mail, look at very slow porn, get disconnected every 5 minutes, have a telephone bill like the GDP of Cuba.
Now look at us....

Even though I'm not the worlds biggest BTC fan, I'm pretty sure that Bitcoin is here to stay and I'm hodling my few BTC. And I'm gonna buy some more when it dips under $400.
Look on this dip as an opportunity, not a disaster.

BTW: I recently spent €200,000 on a pile of bricks and wood, arranged in a sort of cave like structure...was that a good idea ?
  

To each his own on where they put their money.  I will never put money back into Bitcoin, for a multitude of reasons and I will never tell anyone else to invest in Bitcoin. From a long-term investment standpoint, I see much better options.  But that's me.

No feelings hurt.  True or False, Marc Andreesen has more skin in the Bitcoin game than Ripple?

Hey is Ripple XRP?  

http://rippleprice.com/

Is that the price!!!

That's pretty pathetic dude.

Pot calling the kettle black?  Have you looked at the Bitcoin price lately?    

How many cents is that for XRP or Ripple?   

Yup, to each their own.  If you see Bitcoin strictly as an investment vehicle and not as innovative, burgeoniing cryptocurrency, good luck to you on your XRP investment. 


BTW...127 XRP to make one dollar.  Dam having Unobtainium is better than XRP.   

[indeed]

Didn't Marc Andreesen also invest in Coinbase?  Didn't Marc Andreesen recently put the smackdown to Warren Buffett, in defense of Bitcoin.  Didn't the creator of Ripple, Jed McCaleb, leave Ripple to work on a secret Bitcoin project?  Isn't it year 5 of Bitcoin.  Didn't it take the Internet decades before it was finally widely adopted?

LOL sorry dude.  Ripple's not doing anything, Bitcoin's fine and always will be.  Just needs time to grow.

One...trick...pony.  Maybe better to compare it to AOL or something like that.  Not the whole internet.

How is it one trick pony though?

Isn't it a currency, protocol, payment method, distributed ledger, all rolled into one.  The internet has some of the same qualities.  TCP/IP v4 anyone?  When is that getting replaced?  

Because the internet is useful in a multitude of ways.  Bitcoin just sends and receives Bitcoin.  Maybe comparing it to email would be better but even then, we're talking about pre-SMTP email because it can only send to one wallet type.  Bitcoin.  So it's like a pre-federated email.  I'm not knocking Bitcoin per se, just the reference to comparing it to the internet.  It will never be as useful in so many ways as the internet.  Even if you could dream up the ways, the blockchain could never handle it.  Better tech will arise from the proof-of-concept that Bitcoin is but Bitcoin will never be on an "internet" level of functionality and usefulness.  It's just a single currency/commodity with one main function.  I'm almost surprised this has to be explained.  Almost...

Interesting - tell Mastercoin and Etherium just how much of a "one trick pony" bitcoin is, and they'll tell you all of the ways their technology is built FROM bit coin's concepts and extends its capabilities, a symbiotic relationship. They don't aim to replace bitcoin, but extend its functionality. Bitcoin can and will evolve. What is this "one wallet type" thing you're talking about? There are a wide variety of wallets that work with bitcoin and they will continue to become more user friendly, just like any software. The block chain could never handle it? Again, you haven't been paying attention to the efforts of other efforts that won't add excessive bloat to bitcoin, but will still manage the same goals.

As for Bitcoin's usefulness and how it compares to the utility of the internet, I think you're way off the mark there and probably don't truly appreciate how it can potentially serve as significant leverage against central banking and corrupt governments. In that way perhaps its the most important technological advancements in our lifetime.

[twiifm]

Ripple's value is the network.  XRP is just a token like a plastic poker chip.  It's not supposed to be worth anything.  Maybe Bitcoin is plastic poster chip too except some folks are crazy to pay $400 for 1BTC

My bet is that Ripple will become more mainstream than BTC as a crypto.  Almost every economist, banker, financiers, gov regulator agree that crypto's value is in transmission not currency.  

Betting on BTC is betting that BTC will replace fiat.  No way this happens unless some catastrophic event occurs.  I can see BTC becoming like torrents.  Used by a niche crowd but can't become mainstream b/c too much negative stigma

[ChuckBuck]

Ripple's value is the network.  XRP is just a token like a plastic poker chip.  It's not supposed to be worth anything.  Maybe Bitcoin is plastic poster chip too except some folks are crazy to pay $400 for 1BTC

My bet is that Ripple will become more mainstream than BTC as a crypto.  Almost every economist, banker, financiers, gov regulator agree that crypto's value is in transmission not currency.  

Betting on BTC is betting that BTC will replace fiat.  No way this happens unless some catastrophic event occurs.  I can see BTC becoming like torrents.  Used by a niche crowd but can't become mainstream b/c too much negative stigma

Go ahead bet on Ripple I dare you Lol.

I personally don't think BTC will replace Fiat in the short term at least. In can Co exist together.

Having options isn't a bad thing right?

[~Coinseeker~]

Interesting - tell Mastercoin and Etherium just how much of a "one trick pony" bitcoin is, and they'll tell you all of the ways their technology is built FROM bit coin's concepts and extends its capabilities, a symbiotic relationship. They don't aim to replace bitcoin, but extend its functionality. Bitcoin can and will evolve. What is this "one wallet type" thing you're talking about? There are a wide variety of wallets that work with bitcoin and they will continue to become more user friendly, just like any software. The block chain could never handle it? Again, you haven't been paying attention to the efforts of other efforts that won't add excessive bloat to bitcoin, but will still manage the same goals.

Since Etherium is basically vaporware, not really much I need to say to them.  Mastercoin, is building on a blockchain that doesn't scale so, not sure what you'd like me to tell them, they shouldn't already know.  As I said, innovation won't stop.  I love to see people pushing far beyond Bitcoin but the question of if Bitcoin is a one trick pony, is an easy yes, as was described above.  You can challenge that idea, once it actually does do more.  Dreaming of doing more, is just that...dreaming.

As for Bitcoin's usefulness and how it compares to the utility of the internet, I think you're way off the mark there and probably don't truly appreciate how it can potentially serve as significant leverage against central banking and corrupt governments. In that way perhaps its the most important technological advancements in our lifetime.

I guess because I don't care about fighting ideological battles against "governments".  What I care about is bringing real-world solutions to the unbanked, under-banked and the millions economically oppressed around the world.  Bitcoin doesn't solve that, because it's poorly distributed and lacks any desire or mechanisms to merge with current financial infrastructure, to actually be useful to people in 3rd world countries.  Look, Bitcoin does what it does but it is not an end all be all solution to the worlds economic woes.  It's just the place we started.  From a technical standpoint, if we're still talking about Bitcoin (beyond once upon a time) in 50 years, I'd be very disappointed in our abilities as humanity, to innovate.  

[~Coinseeker~]

Ripple's value is the network.  XRP is just a token like a plastic poker chip.  It's not supposed to be worth anything.  Maybe Bitcoin is plastic poster chip too except some folks are crazy to pay $400 for 1BTC

My bet is that Ripple will become more mainstream than BTC as a crypto.  Almost every economist, banker, financiers, gov regulator agree that crypto's value is in transmission not currency.  

Betting on BTC is betting that BTC will replace fiat.  No way this happens unless some catastrophic event occurs.  I can see BTC becoming like torrents.  Used by a niche crowd but can't become mainstream b/c too much negative stigma

I personally don't think BTC will replace Fiat in the short term at least. In can Co exist together.

Having options isn't a bad thing right?

I agree with twiifm.  He is correct.  I also agree with you on this point.  They absolutely can coexist, as can hundreds of digital currencies. Now, XRP is not a speculative commodity like Bitcoin, so you're wasting your breath on that front.  You don't have to like Ripple, but Ripple is going to make it possible for all currencies and things of value to coexist, seamlessly.  That's what most fail to understand about Ripple.  It's not about speculation, it's about usefulness.

[twiifm]

Ripple's value is the network.  XRP is just a token like a plastic poker chip.  It's not supposed to be worth anything.  Maybe Bitcoin is plastic poster chip too except some folks are crazy to pay $400 for 1BTC

My bet is that Ripple will become more mainstream than BTC as a crypto.  Almost every economist, banker, financiers, gov regulator agree that crypto's value is in transmission not currency.  

Betting on BTC is betting that BTC will replace fiat.  No way this happens unless some catastrophic event occurs.  I can see BTC becoming like torrents.  Used by a niche crowd but can't become mainstream b/c too much negative stigma

Go ahead bet on Ripple I dare you Lol.

I personally don't think BTC will replace Fiat in the short term at least. In can Co exist together.

Having options isn't a bad thing right?

I would buy stock in Ripple if they IPO'd.  XRP aren't supposed to be treated like commodity.  Just a placeholder so the tech can work.  Ripple is designed to be integrated into current banking system.  The user doesn't even need to see XRP.

What consumers need is a way to transmit money that is digital and low cost

[ChuckBuck]

Answer me this then.

Why did the founder of Ripple jump ship to Bitcoin?

That's like Gavin going to work for PayPal.  

[~Coinseeker~]

Answer me this then.

Why did the founder of Ripple jump ship to Bitcoin?

That's like Gavin going to work for PayPal.  

Jed's always been a Bitcoiner.  He founded Mt. Gox.  He built Ripple to help Bitcoin.  I don't think we'll ever get the real scoop on the internal politics, but from what info is out there, it appeared to be a dispute between him and the CEO.  Who knows why or if that's even the case, but that has zero to do with the network, as Jed certainly did not give back his XRP holdings.    In fact, he recently donated a little of his XRP to an AI startup.

[franky1]

i laugh at all the posts that have under 100 activity. i skipped a few but those people do not know what bitcoin is about, they have not looked into bitcoin and they are purely in it to make a quick buck and return that profit into a fiat bank account.

noobs that panic and have no clue that bitcoin is a whole new economy and the noobs themselves are the sole cause of the panic drop. they do not understand or care about bitcoins usage or community.

to be honest i am glad they are cashing out. and running away. atleast then the rest of us that understand all of bitcoins potential uses, features and benefits can concentrate on bitcoin. and not the FIAT loving fanboys that cry at every price movement.

i find it laughable that americans and europeans give a crap about china.. they have on majority, never traveled to china, never used their chinese currency, never had a friend that lives in china, or even wrote a single word in chinese. yet these FIAT fanboys panic on the rumour of a chinese action that wont affect their american bank accounts one bit. it wont affect anything.

they simply act like sheep dumping the price. purely because some other sheep does it., being absolutely clueless of the big picture and long term resilience of bitcoin.

they need to learn. when mtgox crashed, the smart people did not follow mtgox prices down to $100. and neither should the rest of us follow china down.

any panicking noob that sells at a loss, has to take responsibility for why they sold at a loss and realize they shot themselves in the foot and no one is to blame but themselves.

the motto "if you sell at a loss, your a loser"
and so i say, to all of you fiat fan boys, go back to your FIAT and take your 1-5% yearly banking interest and leave us bitcoiners to do what we do best, develop the bitcoin ecosystem without you.

[hypostatization]

I would buy stock in Ripple if they IPO'd.  XRP aren't supposed to be treated like commodity.  Just a placeholder so the tech can work.  Ripple is designed to be integrated into current banking system.  The user doesn't even need to see XRP.

What consumers need is a way to transmit money that is digital and low cost

I am excited by Ripple's potential to deliver Bitcoin to the masses. Cross-currency payment and exchange---between Bitcoin and any other currency---will be killer.

[freequant]

At this early stage of the technological revolution, it is easy to miss the forest for trees.
But stepping back a little, it becomes clear that Bitcoin, Ripple, soon Ethereum ... are trees.
The forest is the concept of distributed temper-proof database and the permanent autonomous zone it creates as a layer on top of the existing Internet, let's call that the cryptospace.
Crypto-currencies are only one application of a distributed temper-proof database in the cryptospace, and Bitcoin is only one instance of a crypto-currency. Crypto-exchanges are another application and Ripple just an instance of that class.
If we are going to compare that to the Internet, Bitcoin is like the first dial-in BBS. A huge leap forward that contributed greatly to laying the foundation of the Internet we know today, but not the foundation itself. It may die like BBSs, or survive in a dusty corner of the larger cryptospace like Usenet, but it will be forever remembered as the one application that created the cryptospace.

[serenitys]

How did someone lose real money?

No, I am serious....what real money?

If you exchanged usd (or whatever) for btc and the price dropped, it's par for the course but what real money was actually lost? Granted, its value drops but the nature of btc is that it goes back up eventually and apparently it did so at an enormous % ratio.

What was lost?

Can it ever be totally lost forever permanently?

Or is it really just numbers, units of virtual wealth, credit and trust/faith at the end of the day? A transfer of one set of numbers for another.

At what point is an investment considered lost if the thing being invested in still exists, thrives, has momentum and fluctuates, and is poised to be around for quite awhile?

I'd think that if you put in $100 and then the price/value went up and then dropped to $50 and you freaked out, cashed out - you didn't lose anything. You just jumped off. You know pretty much where it went

[serenitys]

 I will never put money back into Bitcoin,

Wanna bet?

[~Coinseeker~]

 I will never put money back into Bitcoin,

Wanna bet?

I'd love to, but it's open-ended.  Couldn't claim my winnings till death.   

What makes you so certain I would?  You're not going to hit me with some "one-world currency" nonsense, are you?

[mktrader]

At this early stage of the technological revolution, it is easy to miss the forest for trees.
But stepping back a little, it becomes clear that Bitcoin, Ripple, soon Ethereum ... are trees.
The forest is the concept of distributed temper-proof database and the permanent autonomous zone it creates as a layer on top of the existing Internet, let's call that the cryptospace.
Crypto-currencies are only one application of a distributed temper-proof database in the cryptospace, and Bitcoin is only one instance of a crypto-currency. Crypto-exchanges are another application and Ripple just an instance of that class.
If we are going to compare that to the Internet, Bitcoin is like the first dial-in BBS. A huge leap forward that contributed greatly to laying the foundation of the Internet we know today, but not the foundation itself. It may die like BBSs, or survive in a dusty corner of the larger cryptospace like Usenet, but it will be forever remembered as the one application that created the cryptospace.

I think that foundation of the cryptospace is probably the SHA-256 encryption technology on which Bitcoin was build. So I would say that Bitcoin is a considerable part of the forest, if not the whole forest.

[Bit_Happy]

How did we let this happen?
1) This forum got rid of the temporary "jail" section for newbies.
2) You signed up and started a troll thread.

[serenitys]

 I will never put money back into Bitcoin,

Wanna bet?

I'd love to, but it's open-ended.  Couldn't claim my winnings till death.  

What makes you so certain I would?  You're not going to hit me with some "one-world currency" nonsense, are you?

Nope I am not. But I am suggesting that bitcoin's growth is explosive and pervasive, and ultimately you will be using it because there won't be anything else you can use...it's a platform. As a currency, its adoption mainstream inevitably devalues the state's currency and that currency will fail...and bitcoin or any of its evolutions or iterations will be the last currency standing by choice of the user.

Bitcoin's not going anywhere...not as a platform...and the currency will only evolve and grow. The probability you will be using it again and putting your money into it again is as certain as it is you will use the internet again, whether you put money into it directly or indirectly via other products or services that do.