Do you often use Ripple? How about Monetas?

[randyshan]

Hello Buddies,

Do you often use Ripple? How about Monetas?   Everybody has been talking about decentralization. But I feel there is no real decentralization because everything is controlled by human beings. Decentralization is just looks like it.

[gogxmagog]

Never, at least not yet. What these two protocols offer, as far as my limited understanding will allow, is; they are good for banks to integrate cryptos into their system. As far as I can tell, in the future, we may be using them by proxy when we use banks. Please correct me if I'm wrong. Like I said, I don't really understand them too well.

A while back Jack Ma stated he had a large stake in crypto, but NOT Bitcoin. This came around the same time that several big banks announced they would work with ripple.

I own a bit of ripple, and I am watching...

[Flashman]

But I feel there is no real decentralization because everything is controlled by human beings. Decentralization is just looks like it.

True, the Zeta Reticulans and Alpha Centaurans are getting twitchy about this, Sol centric they call it.

[Miracal]

Have a look at this one https://gendal.wordpress.com/2014/11/14/the-unbundling-of-trust-how-to-identify-good-cryptocurrency-opportunities/
Decentralizing is trend and will be the standard of company.

[BootstrapCoinDev]

Anarchy always seems to make sense here. People will have to bargain for protection from their closest peers, and from other people they trust. On the other hand, greed, self-righteousness and ignorance is fundamental traits of the human nature, and those pulls us back towards centralization.
I doubt we will ever be able to avoid some kind of mix between centralization and decentralization, and there will probably always be friction between them.

[randyshan]

Anarchy always seems to make sense here. People will have to bargain for protection from their closest peers, and from other people they trust. On the other hand, greed, self-righteousness and ignorance is fundamental traits of the human nature, and those pulls us back towards centralization.
I doubt we will ever be able to avoid some kind of mix between centralization and decentralization, and there will probably always be friction between them.

good point.

[randyshan]

Never, at least not yet. What these two protocols offer, as far as my limited understanding will allow, is; they are good for banks to integrate cryptos into their system. As far as I can tell, in the future, we may be using them by proxy when we use banks. Please correct me if I'm wrong. Like I said, I don't really understand them too well.

A while back Jack Ma stated he had a large stake in crypto, but NOT Bitcoin. This came around the same time that several big banks announced they would work with ripple.

I own a bit of ripple, and I am watching...

I tried Ripple one year ago but lose a little money. never wanna try again.

[randyshan]

But I feel there is no real decentralization because everything is controlled by human beings. Decentralization is just looks like it.

True, the Zeta Reticulans and Alpha Centaurans are getting twitchy about this, Sol centric they call it.

Agree.

[randyshan]

Have a look at this one https://gendal.wordpress.com/2014/11/14/the-unbundling-of-trust-how-to-identify-good-cryptocurrency-opportunities/
Decentralizing is trend and will be the standard of company.

I think it is trend for short time but never be big. Decentralization is exaggerated especially after Mtgox disaster. Centralization exchange will be the most people's choice for now and future. It is just like stock exchange center.

[balu2]

are the ripple shills invading the forum again or what?

Ripple? SELL, SELL, SELL

[Foerster]

Decentralization is exaggerated especially after Mtgox disaster. Centralization exchange will be the most people's choice for now and future. It is just like stock exchange center

Decentralization exaggerated??

Decentralization has always been a central selling point of Bitcoin and block chain technology in general.
Stock exchanges and other things like shopping malls etc. are centralized for historical reasons. In the past, space and time were strong constraints for market efficiency and the best solution was to put everything in one place since this minimized the cost to connect market participants.

However, in the internet age nobody needs this kind of centralization.
Bitcoin an other cryptocurrencies will use decentralized exchanges in the future, but one should not assume that centralization is gone or bad per se. Think of the network as a starting point, the network is the place where everything is happening and the network as a whole will be the "place" of centralization but there is decentralization within the network.

Similar thinks are true when think about power and control.
But for Ripple the power within the network is extremely concentrated in the hands of ripple labs which basically controls "everything" there is no ripple without ripple labs, so I think there is too much centralization within ripple.

[balu2]

for me the whole topic is a gigantic pain in the ass. What do people advertising ripple even do on bitcointalk? It has absolutely nothing to do with bitcoin.

This is spam! Other pump threads are removed aswell. Mods should move to trashcan all this shittopics

[randyshan]

for me the whole topic is a gigantic pain in the ass. What do people advertising ripple even do on bitcointalk? It has absolutely nothing to do with bitcoin.

This is spam! Other pump threads are removed aswell. Mods should move to trashcan all this shittopics

I don't like Ripple personally. Also I don´t think Ripple and other so called decentralization are real decentralized. But some people think it is trend.  This is why I asked more advice.

[DrGrid]

Hello Buddies,

Do you often use Ripple? How about Monetas?   Everybody has been talking about decentralization. But I feel there is no real decentralization because everything is controlled by human beings. Decentralization is just looks like it.

I have used Ripple before,  when they still did the World Community Grid give away. Ripple is really easy to use, but they are only supported by a limited amount of services, so I am not used them in a while more. I don't think that the Ripple Protocol will be the one to stick, too much has gone inside the Company known as Ripple Labs and there are too many protocols already in the makes that will out-gun Ripple by orders of magnitude. I talk to the guys from Monetas, there is really a lot of competence behind that venture (Bitcoin Forum Hero Member Justus Ranvier for example). Monetas will be great if they manage to fix their consensus problems. A client has not been formally released to the public yet, but there is a lot of activity on their Github. They are two completely different things however, addressing completely different tasks.
The problem with these system is that the translation between hard and soft values still requires a certain degree of trust. This trust may be mitigated to a bearable amount, but never will function seamlessly.   

[randyshan]

Hello Buddies,

Do you often use Ripple? How about Monetas?   Everybody has been talking about decentralization. But I feel there is no real decentralization because everything is controlled by human beings. Decentralization is just looks like it.

I have used Ripple before,  when they still did the World Community Grid give away. Ripple is really easy to use, but they are only supported by a limited amount of services, so I am not used them in a while more. I don't think that the Ripple Protocol will be the one to stick, too much has gone inside the Company known as Ripple Labs and there are too many protocols already in the makes that will out-gun Ripple by orders of magnitude. I talk to the guys from Monetas, there is really a lot of competence behind that venture (Bitcoin Forum Hero Member Justus Ranvier for example). Monetas will be great if they manage to fix their consensus problems. A client has not been formally released to the public yet, but there is a lot of activity on their Github. They are two completely different things however, addressing completely different tasks.
The problem with these system is that the translation between hard and soft values still requires a certain degree of trust. This trust may be mitigated to a bearable amount, but never will function seamlessly.   

Excellent.