After reading all the numerous discussions about OpenCoin I couldn't wrap my head around why google wanted to invest in it.
Huge amounts of XRP being reserved for the founders and a system that quite simply seems too complex (I prefer KISS), it looks to me like there's a good chance the plan is to get the value up and then dump, leaving the developers rich and the early adopters screwed.
But today I think I figured it out.
I tried signing up at btcquick - and the required I use google's ID thing for credit card processing, I refuse to have a real google ID, the only google ID I have is uses a fake name and has no financial information. I don't trust google. So I guess I can't use btcquick.
But that's why google wants Ripple.
Mark my words, google's plan is to integrate Ripple with their google ID thing so you can't use ripple without having a google ID attached to it. If that deal has not already been made, google is going to push for it. Watch and see.
Topic: Google and OpenCoin (Read 447 times)
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