Topic: Can someone please explain to me what ripple is and why I should care about it? - page 2. (Read 1456 times)

same with you

You are a troll, welcome to my ignore list.

You are full of crap both bitstamp and Avalon are related to bitcoin and other alts of bitcoin activity, Ripple is not. Go troll on BTC-e or something not here.

Bitstamp is an exchange, not a coin. Its discussion doesn't belong on this forum.
Avalon is a company that sells chips and mining rigs, not a coin. Its discussion doesn't belong on this forum. 

Ripple is a token of debt, an IOU, it's not a coin like Bitcoin, it's discussion doesn't belong in this forum.


http://en.wikipedia.org/wiki/Ripple_monetary_system
http://ripplescam.org/

From what I can understand, bitcoin is more akin to a commodity and is insanely inefficient as a currency to use, obtain and maintain. What started out as a project with the intention to trade value freely has been affected by its own inherent deflationary nature and caused massive hoarding by the free market. The free market has deemed bitcoin to be more of a *highly traded* commodity than a currency.

Ripple (the old one) is an interesting concept. Open Transactions is also an interesting concept. Both of them revolve around the trading of funds (bitcoins, dollars, whatever) and are basically accounting systems. Neither one is a currency. That said, the *new* Ripple has a currency inside of it native to the application itself. This will make its developers rich. You should care about Ripple because it allows you and I to make a trade where I only have USD and you only have BTC, yet we are still able to trade abstract values. You should also care about OpenCoin's Ripple because it is a reminder of why things in an open source community should never be released closed-source (marketing suicide).

Try not to make any judgements on it at the moment though, as both Open Transactions and Ripple are infant projects in their current states and, just like Bitcoin, needs many more years of adoption, changes, and consensus before any fair assessment can be made.

I honestly can't understand how ripple is superior to Bitcoin and how it could potentially outpace it in the future. Could someone please explain this to me?