Topic: Breaking: Ripple to decentralize XRP more then Bitcoin & also do it much Better - page 2. (Read 8426 times)

counting the unconfirmed BTC transactions yet ? if not count for some more months till it saturates and you will know value of IOV and ripple ( with real time settlement ) ...

some day, BTC will need a different transport, once the unconfirmed TX chokes and guess which is best to transport assets including BTC ? You guessed it - Ripple.

Some day BTC will have to be bridged to real banks and services to 'actually' enter real life - through regulation layer and rulebook.. Guess who will be able to do that ? Yeah  Ripple....

Soon Japanese shops will want to accept BTC just as easily as visa and mastercard JPY payments... and cut on hours of confirmation time .... again Guess what back end will be able to deliver settlement from POS to their account in real time...

yes again - Ripple ....



btw did you and your 'Congress' make up your mind on segwit or unlimited yet ?  
LMAO - either you lack basic schooling or you are a troll... choose you pick , be ashamed and go away.

Good job Random!! Looks like you got the last word in. Ripple has all the properties of a giant scam that strives to give banks and governments and unaccountable private entities control (just like our current fiat/debt system that is driving us all into bankruptcy) while preying on our desire to get rich.  From what I can see, make your money if you're already invested in Ripple but be ready to sell when fiat/debt based financial markets begin to fail in the near future and go into BTC or ETH or silver and gold.

Veritaseum is another good investment but that's for another thread ...   

yes.

decentralization = everyone runs validators.

After Gox, Bitcoin lost trust and price, this is the point, without regulation, you on your own and its about you to create demand and price and prove it worth it (has value), so again where is decentralisation and blah blah?

Are you dead serious here? Bitcoin came from nowhere? Nothing comes from nowhere, same you can state that iPhone came from nowhere, or internet came from nowhere, go educate your self in this matter.

No third party, so who makes sure that double spend does not appear? who can do 51% atacks? No third party, god damn, take any bank split it to three separate entities and the same "decentralisation".

Banks can act as investors to your so called democratic coin and pump & dump it as much as they want, so you can store it anywhere you want. Same with money, you can store the either in bank or under the pillow, does change that it all goes to central bank in regards of regulations.

It requires for open-source one smart exploit to hack in whatever way, Capische? You can call it transparency or whatever you like it, but I prefer private Git ripo dudes.

I think your main problem is that you do not understand freedom, but you just use this words: transparency, trust, decentralisation without understanding of pros and cons especially in world software.

It takes only 1 minute to understand that whole crypto world uses so called decentralisation as marketing and nothing can not be decentralised and be a store of value or whatsoever at the same time. Take any f*cking coin it can be centralised in one or another way and can be controlled, so what are you talking here about?

I can ask you the same question, what if tomorrow banks will stop provide withdrawal? Or what if somebody will switch off internet? What you will use bitcoing? No f*cking way you gonna be doing that, as most people eve do not understand it. Wake up.

The so called decentralization is misleading.

It takes only really 5 minutes of basic thinking to figure out that Ripple can not be decentralized in any meaningful way.

Ripple is a private company that sells transaction-function to banks. Now imagine they would actually give any control to the coin-holders.... those could then block software-updates if they don't like them, or create their own forks. What then? Ripple tells it's costumers "sorry, cryptoholders had other opinions, we can't fulfill our contract anymore"?   
By design they need full control over the network. 

Their business model is selling marketing BS. First to banks "hey you can use fancy blockchain-tech"... which already doesn't make any sense. They just profit from the fact that banks don't know what crypto means.
And then they sell decentralization BS to the alt buyers. Yay, double-profit.

There is no offline Ripple wallet as far as I'm aware. Let me quote from gatehub.net: "We enable financial institutions to act as a Ripple gateway without having to worry about technology." Please point me to a client app that I can download on my local machine and use Ripple without having to trust a third-party or a "gateway". Maybe I missed it.

Or maybe there isn't such an app (?!) Well that would be equivalent of saying "let us handle your money for you". And that's the exact opposite of what bitcoin tries to achieve.

I've read Satoshi's paper back in 2011. I'm confident I understand most of the building blocks of the Bitcoin network.

Ever heard of privacy?

Nope. Reforming the system needs to address the core principles that makes it prone to systemic corruption. Ripple leaves the existing principles untouched and disguises the so-called revolution into "breakthrough" technology. Yet the way they're using the technology won't change anything in the economic landscape, if you ask me. It will get the banks a shinier makeup to stay in the same business and do the same things.

I'm not so sure that's a good thing after all. In a healthy democracy the political power and the monetary power should be as separate as possible.

There's a thin line between evolution and digression. And I believe Ripple leads the way to the biggest digression we've seen so far in the  cryptocurrency world.

Glad you asked, this points exactly to the disastrous potential of having a centralized party (the exchanges) holding people's money. Gox users were literally entrusting their assets to be held by the exchange. The same thing that happens when you entrust a "gateway" to hold your ripples. Now stating the obvious, if they were storing the bitcoins on their local wallets, then the centralized Gox hack wouldn't have done much.

As for any other non-major altcoins, if they don't have a registered company and regulatory license, which can be used to sue them on fraud, i don't trust them. regulation has its place, humans are descendants of curious ancestors... good luck trying to think your word-of-mouth regulation free market will never be cheated upon ...

btw i asked you, have you been able to repay everything to everyone form Mt Gox and Cryptsy yet ?

okie none of the points you made about Ripple stand. they don't store it, you store it on a wallet. RCL  cannot be compromised with a decentralized attack and transaction reversal. Add to that even when one of the founder Jed tried to dump and run - they could not cease his funds using their servers, instead they had to get a court order to freeze his account on bitstamp.

So what are you talking about .. have you read anything or have you picked up stuff here and there.. ? You shoudl provide links and proofs to prove your point.

And what censor freedom are you talking about, ever heard of KYC ? without KYC the only thing you can do is send money to and from your friends who trust you ... Go to any exchange, buy anything, try anything, you will need KYC, regulation will tie every wallet to every person who owns it...

unregulated wallets can only do so much... So ?

Atleast ripple was "realistic" from the very beginning. You are the kind who will run to mountain when forest is sick and pretend forest no more exists... You dont solve problems by dismissing the system ... the actual solution is harder because it requires reforming the system


Ripple is doing that and now everyone is recognizing. Governments are working with them, central banks and institutions alike.


By the way, you have so much study to do, so i guess some "Capische" will help you... besides i myself love bitcoin, its the insecure trolls afraid of evolution and insecure - glad to know you are not one of them...

but anyways... a transaction currency which allows anyone to send even small values wit very low fees, and perform a fully legal settlement across all layers has its own value... It does not take hours ( and now days ) for confirmations ...

the problem if you and your kind pretend no more evolution can happen. while we think evolution is a constant thing.... ripple is fundamentally differant and dont think will replace bitcoin, but some better bitcoin will ... bitcoin burns all that kilowatts for nothing... pow is just human mind illusion .... But now ethereum at least uses the same electricity and cycles for execution of code of your choice.. now boscoin is coming that makes it even better by making the outcomes guaranteed... go figure .. . good luck

I did my own thinking and I'm not part of any "higher-level" fud campaign. Neither do I support or endorse any shitcoins for that matter. Now let me rephrase:

Bitcoin* has a real potential to change the world. It came out of nowhere some years ago and said - look, people can now send monetary value to each other without trusting each other and without requiring a trusted third-party to settle their transactions. This is huge. Bitcoin delivers on this promise and slowly but surely democratizes our financial systems, making them both global and censorship-resistent. It takes the banks out of business because we now have the means to store our coins on our own private devices (laptops, mobile phones, etc) and transact with each other without a trusted intermediary.

Now what about Ripple? Here's the deal - you don't store your coins anymore. You gotta trust Ripple. Your money is on their servers. Just as your bank next door. The server code is closed source. Forget about transparency and "utopian" ideals. We know better how to do it. Let us handle your money. We're using "blockchain" technology Nevermind it's privately owned, privately controlled, closed source and thus prone to politically-influenced censorship. That doesn't matter. Because we're certain that Santander, Google, SBI Group are there to serve our best interests. All of them are not-for-profit organizations with a sole mission to make the world a better place. But too much talk already. Let's catch the next pump wave with them and get rich.

Capische?

* When I mention Bitcoin above, feel free to replace it with any other cryptocurrency that stands by the same core values: open, global, borderless, transnational, distributed, trustless, censorship-resistent.

Wow, this is amazing news. Hopefully it will go up. I am holding XRP.

I've read the article;
although idea sounds good,
I see it more as desperate act to save dead currency.

Main problem with ripple is that people lost trust in it,
and once that happens, game is usually over.

Better idea, I think, for them would be to start
rebuilding their image in community, and find the
way to be more transparent.

Oh ignore trolls like that my friend. Their misinformation campaign has backfired and lost. now everytime someone sees them, they are like "Oh more opposition and more fear- that means ripple shoudl be doing something MORE AWESOME" :-) and they go and buy a few more...

as for as these Trolls.. its actually fun and entertainment at most if anything.

they keep coming form the rat hole, and we keep pasting real news, real information and spreading more light. Base and case gets more stronger...

ANSWER : LOL, we are fine with a token using same cryptographic algorithms, but not needing a fancy mining burning tons of Energy. Each token is unique and more token can NEVER be created. this is enough for us.


ANSWER : You mean Google, Santander, SBI Group and all the other banks of the world which is actually what runs EVERYDAY REAL LIFE ? thanks for remaining, we could not be more happy.
Oh let me remain central banks too, and Oh oh allow me, governments too. You basically mean the whole world other then your basement friends right ? LMAO


ANSWER : Here : https://github.com/ripple/rippled/ So and fork all you want. Network is not all about code, anyone is free to Fork ripple, but good luck trying to get SO MANY organizations to trust your network.



Premined with fixed supply - Thanks for that- So new currency cannot be created. Supply is guaranteed. And Held by a Registered, Licensed and liable company, not some basement scam who can take off and run away overnight. So Suit yourself. Not interested in your FUD.


ANSWER: SERIOUS ? go to school ? understand maths ? read the link once again and understand how to solve it. Ripple i Solving as we speak, while you are spreading crap. How much did you get paid ? which trolling group ? from china ?

Link :


ANSWER : YOU are a large scam... and your trolling group whoever PAID you to come here and type a bunch of crap, without any proof.

as for ripple, It is A registered company, licensed to operate, recognized by Government, Law and SEC, Liable and Responsible to not cheat anyone, and if they did anything bad, We can just pay 500 dollars to a laywer, open a case and I can SUE THEM,

unfortunately i cannot say the same with many of your shady onion network coins and bitcoin. Have you succeeded suing MtGox yet ?


So lets see, basement dweller .... You are the real scam, Not ripple. and your phony masters afraid of being phased out. or what ever else who knows.

Be Ashamed and go away

you should try thinking for yourself instead of using FUD copy pasta.

- the code doesn't have to be open source
- ripple has real interest
- big scary banks? learn how the world works
- get rekt

Jesus Christ. I'll paste it here:

Ripple is not a cryptocurrency. It is an electronic token, issued by a company: Ripple Labs, Inc. This private company can do whatever it wants with the coin. They can create tokens from thin air if they want.

Ripple is alive because of the huge lobbying efforts towards banks and other financial institutions that are afraid of the disruptive threat of the crypto world and want to buy a share in the game. The wrong share.

Ripple is not open-source. No server source code has ever being released, with the paid developers behind Ripple admitting that it is to prevent others from building something better than Ripple. You cannot contribute to Ripple's code, because it is not open source. Every single Ripple node is controlled by a private for-profit company.

It is centralized, like a bank or PayPal. Not a decentralized currency. Ripple pre-mined 100 billion Ripple coins for themselves and didn't allow others to mine during this time or even tell people it was happening.

Every cryptocurrency is subject to a 51% attack. In Bitcoin and similar cryptocurrencies, miners control the network, and if a miner gains 51% of the total network power, then they can choose to double spend transactions. Some altcoins have tried trust nodes or central checkpointing, however that only moves the 51% attack vector from miners to another entity which can be 51% attacked. In Ripple, it is already 51% attacked by the 14 employees of OpenCoin, Inc. They control the server software (written in C++), and they can choose to double-spend transactions at will. While it's highly unlikely that they will do that, a centralized entity means a single target for law enforcement and court orders.

It is a large-scale scam.

very kind.. thank you.

Ripple going to 10$ EZ with the upcoming news about lock/burn rest of the coins