Topic: How is Ripple not considered the best alternative cryptocurrency? (Read 2425 times)

Please state which parts are closed source. There are none to my knowledge.

And the code is not open source, it is open source with closed source attributes.  

you have to buy ripple to even test it... or wait for a giveaway  ... or invest hours and hours to look for one just to find out there is none.
So they are asking you to purchase a product before you can actually look at it's features.
I invested several hours and was not able to test it without paying for that.
Turned me off.
The bitch at the new york hearing did the rest.
I don't touch that shit. Why should i?
It's a blatant ripoff.
If it is any good it will be copied and relaunched with better conditions.

Maybe we should soften the suggestion that the client is "REALLY BETA".

The client does almost-amazing things with currency conversion* and includes a usable trading platform capable of handling a wide variety of crypto AND fiat currencies.

There are many minor usability glitches and it is not as polished as the best btc clients & exchanges. But Opencoin keeps improving it at a much more regular rate than a lot of software.

Any in-browser client is a major security question, mainly useful to attract new users. For large balances a local client is needed and could be written by anyone given the desire.

*(Ripple currency conversion is currency IOU conversion, with counterparty risk. It's like trusting a centralized bitcoin exchange to hold your balances until you withdraw them. I hope the forthcoming decentralized exchanges will be a major challenge to Ripple but right now it's a useful system.)

The currency part (XRP) of Ripple is not the most interesting part and people who reduce Ripple to XRP (as there are still many in this thread apparently) are missing out on the good stuff.

I don't even know how you would buy ripple...

I had some xrp in December.  I sold it when I realized that there are 100 billion xrp and that 70 percent of it is sitting at Ripple Labs waiting to be given away, dumped, whatever you want to call it.

The protocol however is useful.

Ripple is considered the worst alternative cryptocurrency.

Made purely to profit owners.

Maybe because it's not.

Who Is Satoshi Nakamoto, the Creator of Bitcoin? | Motherboard

Here one will find the founder of Ripple, who also founded Mt. Gox, and later sold it
to it's present owner.

 Then again why do any due diligence when one can merely parrot nonsense.

http://motherboard.vice.com/blog/who-is-satoshi-nakamoto-the-creator-of-bitcoin

How is Ripple not considered the best alternative cryptocurrency?


 Ripple is 1st and foremost a Payment Network System.

 It's the Ripple Network, that either Ripple survives on, or parishes by.


 Ripple the cryptocurrency is not of great value since their merely the electronic postage stamps
for the user to pay for the use of the Ripple Network.

 How is a Cryptocurrency that is today worth a mere 0.02cents the best alternative currency?

 Do tell!

 
 Here's the real tough part> trust. One must trust others to utilize the Ripple Network. And
extend that trust through trusting others for certain amounts of real currency. Maybe we can
 learn to accept larger Ripple Gateways such as Snapswap. And of course Bitstamp having the
very best reputation of any Bitcoin to Fiat exchange can certainly be said to be trustworthy.
But extending trust further requires a measure of risk. And it's that risk, plus all the confusing
terms to merely understand and explain Ripple that is hampering it from real sucess. Even it's
wallet is seriously lacking. It's a painful thing to merely learn. Let alone utilize, at least so far,
for a dimwit such as myself.

 I am not a communist. Nor a fascist. And I certainly see nothing wrong with anyone owning
any business (centralization, centralized, controlled, owned), compared to merely being completely
distributed, or decentralized.

 Some things need to be decentralized. Such as our money.

 Some things require strict disipline and tight controls, namely many businesses, in order to be
sucessful.

 Some things require strict regulations (Bankers, Stock and Bond Markets, Derivitives). Otherwise
we have the mess that is currently underway. Then again it seems most here in this forum really
are quite detached from the real world, and instead live in a fantasy, or make believe world on to
themselves.

 Ripple. Yea maybe.

 Did any of you realize that the original founder of Ripple also founded Mt. Gox? He sold it a while
back. Do you know why? Do you know Jed's last name? Did you know he may well be Satoshi?

 What do you know?


 Ripple. 100 billion ripples, as I recall. No, it's not a currency per say, it's a Payment Network,
but not for dummies.

You missed his whole point like everyone else. He is promoting those three websites no one has ever heard of.

Actually you can 'mine' it, but I won't tell you how as you are a mindless bigot. The only people who don't like Ripple are those who cannot think for themselves and listen to the general bitcoin community. Even though Ripple is not a competitor to Bitcoin, it is still seen as a threat because no one truly understands it. 

Do your own research and discover what it really is.

As an actual past user of a ripple personally it eventually drove me mad and pushed me thankfully to NXT...it wasn't the....

The Premine
The Centralisation
The Beta Client
The poor distribution

BUT


The IOU system it ran on, trust me it drives you crazy having to know who sent what and who you can sell though. Plus you were dependent on Peercover which sucked balls.

I was going to say "because its not a cryptocurrency. its a financial instrument."

but i'll roll with what Hazard said.

its as good.

You do realize that every alt is "bribing" exchanges and developers with huge pots of their coin to attract the talent necessary for them to compete?  Just spend some time on the IRC channel of various coins and you can very quickly get a feel for how the culture is of each coin.  I don't see that much distinction other than the manipulated miner incentive that ripple doesn't employ to any of the other alt coins.  But because of that ripple has been able to contribute 170,595,964 Hours
of compute time donated to scientific research via the World Wide Community Grid incentive.  Seems like a better distribution method than mining to me.

Ripple is against what cryptocurrency stands for. Unfair distribution and sold cheaper to corporations

There are already billions if not trillions if you count the unit supply.  It's getting to the point in my mind where ripple solves alot of the craziness of all the different coin pairs by allowing them to establish the straight international cash conversion cycle they all want to have.  But that requires alot more development work in friendly exchanges etc. based on the ripple protocol right?

I hope there are billions of altcoins so all the neat freaks go nuts!

Well I honestly couldnt even tell you who they are, but it is my understanding that they broke the agreement originally presented for doge coin by allowing the 5 billion coin inflation.  Seems to be right up there on my list with, above the law crony capitalism bank of america scumbag culture.