Ripple is a good concept, if they don't have that XRP thing, it will be more successful, XRP against the basic philosophy of bitcoin
You have to have a cryptographic currency inside the network to prevent against spam. Ripple doesn't work without it.
Anyway, ripple's gateway concept is much less flexible than a dealer in localbitcoins.com, those gateways will become the regulation and confiscation target
You think busts wont occur with a localbitcoin dealer? Please tell me you're joking. They are probably the easiest targets to bust. If you're buying/selling on Gox, Stamp or any other exchange, you are taking the same risk. These are all gateways. If you have no interest in dealing with exchanges/Gateways why are you posting in a bitstamp thread? Who also happens to be the most liquid Ripple gateway.
When it comes to interfacing with existing banking system, the best way is decentralize to every private person. Currently you can not do large size transaction on localbitcoins.com, but this exactly proved that bitcoin's popularity is still very low, that is the real transaction volume, not made up by some market maker in exchange
Sellers on localbitcoin are just local market makers. Not sure what your point is here. You're complaining because exchanges/gateways can handle large volume and can do so because of market makers? I don't know much but I don't think you know what the hell you're talking about. If these localbitcoin dealers are not licensed MSB's they are going down eventually. It's just a matter of time before you start seeing Bitcoin stings. I think you, like some people here are afraid to like Ripple so you refuse to learn what it actually is and thus regurgitate or make up mindless FUD.