Bitcoin may not be perfect but it's good enough. Period.
I see u r not an open-minded person...
Topic: Do we realy need NXT / Ripple ? - page 4. (Read 3248 times)
I see u r not an open-minded person...
If everyone accepted payments through Ripple, what would be the point of Bitcoin? I guess it'd still be an investment asset, but if all I want is an investment asset there are a lot less risky options than Bitcoin.
No, i believe that, supposed the "freedom of choice", the principle that make me choose a currency or another could be of various kind.
For sure bitcoin have an "ideological backing" that XRP miss. You can mine bitcoin and you can't mine ripple; the vision is completely different but inside ripple sending bitcoins is as simple as sending XRP.
XRP are needed to link different gateways and as anti-spam measure. They are a speculative asset thought for businesses and market-makers, I believe.
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If it were easy for everyone to exchange BTC with their local currencies, what would be the point of Ripple?
Ripple actually makes easier to exchange bitcoins with local currencies, that's its point ; )
Really, I believe that much of the hate for ripple will blow up when people will see its usefulness; the federate payment system is very powerfull. Right now you can open a gateway and if you are good at market making you consumers can buy with their currency in everyshop accepting bitcoins and ripple.
Actually you can buy everything with PPC XPM NMC LTC NXT and even with DOGECOIN; thx to ripple
Hold on a second...
So, you Nxt'ers and others are not competing with fiat or with Paypal? You want to actually beat/replace Bitcoin?
So, you Nxt'ers and others are not competing with fiat or with Paypal? You want to actually beat/replace Bitcoin?
The differences between Ripple and Nxt are huge. First off, Premined does not = scam. Ripple is centralized, and I don't believe it is open source. Nxt's main complaint seems to be about the initial distribution, which so far is better than bitcoin, so I don't see where people can be complaining there. Look, you can either put 10k-20k in mining equipment and try to get rich, or put 10k-20k in a stake in Nxt and try and get rich. Personally, I think Nxt has HUGE potential. I think the people that are butthurt about Nxt, are mostly the people that already have thousands of dollars worth of mining equipment, and are now upset to see that you can support the NXT network on a solar powered Raspberry Pi...
XRP have other purposes, I just don't see any competition between bitcoins and ripples.
If everyone accepted payments through Ripple, what would be the point of Bitcoin? I guess it'd still be an investment asset, but if all I want is an investment asset there are a lot less risky options than Bitcoin.
If it were easy for everyone to exchange BTC with their local currencies, what would be the point of Ripple? Buy BTC with my currency, transfer the BTC to the seller, let the seller sell the BTC for her currency.
I don't know what the purpose of Ripple was, but the two definitely compete with one another.
Bitcoin may not be perfect but it's good enough. Period.
I really don't know so much about NXT (i will when i'll have time) but the purpose of ripple isn't to replace bitcoins but rather to complement it.
Right now you can buy bitcoins throught ripple with so many gateways, some of them let you to use credit card (it was peercover.com, don't know if that feature is still alive), other have various physical locations (more than 20000 in the US, just google ripple-zipzap)... and we're just at the beginning. Ripple is a great opportunity to make bitcoin ubiquitous.
You can pay in bitcoin independently from the currency chosen by merchants, because of the p2p integrated currency-market. You send BTC, merchants receive pesetas
Transaction are offchain and very cheap and so on...
XRP have other purposes, I just don't see any competition between bitcoins and ripples.
100% premined- and corporate-owned coins are a step back towards oldskool fiat. And we wanted to get away from that in the first place, because of disadvantages like that, didn't we?
So yeah - something may replace Bitcoin at some point, but it sure as hell won't be Ripple or NXT.
So yeah - something may replace Bitcoin at some point, but it sure as hell won't be Ripple or NXT.
Bitcoin may not be perfect but it's good enough. Period.
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