Was Ripple ahead of its time?

[identtitentti]

Actually the staff owns another 20 billion more for themselves.  If they can take Charlie Shrem's BTC - they can easily throw Jed into a jail cell with gangbangers and seize his computers and auction it off.


Really Ripple is such a joke if you think about it - it's a Napster waiting to happen, same with Ethereum.  Development teams should remain anonymous unless they live in a country like Japan or Denmark which is pro-BTC.

"Napster" - p2p file sharing - won, Copyright industry lost (which means win-win ). It's not about individual companies but about the tech and community.

On which big toes do you expect Ethereum (basically a new programming language) to step?

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[TaunSew]

Actually the staff owns another 20 billion more for themselves.  If they can take Charlie Shrem's BTC - they can easily throw Jed into a jail cell with gangbangers and seize his computers and auction it off.


Really Ripple is such a joke if you think about it - it's a Napster waiting to happen, same with Ethereum.  Development teams should remain anonymous unless they live in a country like Japan or Denmark which is pro-BTC.

"Napster" - p2p file sharing - won, Copyright industry lost (which means win-win ). It's not about individual companies but about the tech and community.

On which big toes do you expect Ethereum (basically a new programming language) to step?

Don't be a Crypto Nerd.  FBI and security agencies don't really care about this sort of details.  It's like saying Kim Dotcom couldn't go to jail because his site went defunct.  All these Ethereum developers are known people who can be tracked down and put into prison, especially if they reside in USA / Canada.

[identtitentti]

Don't be a Crypto Nerd.  FBI and security agencies don't really care about this sort of details.  It's like saying Kim Dotcom couldn't go to jail because his site went defunct.  All these Ethereum developers are known people who can be tracked down and put into prison, especially if they reside in USA / Canada.

You didn't get the point. The file sharing protocols developed by Napster are in use everywhere and Big Copyright Industry has yielded and admitted defeat. FBI, NSA etc. can and does hurt people (including people like Kim Dotcom and all those who used megaupload for file sharing (e.g. game mods)), but that does not mean they are winning. They cannot and will not stop and destroy block chain ecosystems any more than they stopped and destroyed file sharing protocols. And Kim Dotcom is still in business and Snowden is still free.

[Bitsky]

afaik Ripple still owns 71,010,747,718 XRP and that's about 70% of the supply

You don't think XRP would go under if the authorities seized 70% of the total supply?

Not really. Price would crash and all, sure, but I think it would stabilize at some point. BTC went over 1000USD before and now is around a third of that. It still exists.

You do realize that Napster back in the day had huge investments from private funds and banks, correct?  It doesn't matter what banks or funds are backing what, it's what the FBI thinks.

If Ripple gets too big and gets too much attention it is inevitably going to be raided by the FBI on accusation of money laundering, tax evasion, drug facilitation or enabling crimes, it's almost guaranteed.

From what I understand that doesn't matter. You can run your own rippled and the network stays up even if Ripple Labs goes down.