In before someone points to the ripple scam site.. I can't believe it's made it this long. Ripple is not a scam, they clearly spell out everything, it's simply released by a for-profit company.
Disclosure: I invested in a small amount, as it has some potential given the forces behind it. Certainly won't replace BTC or LTC.
Disclosure: I invested in a small amount, as it has some potential given the forces behind it. Certainly won't replace BTC or LTC.
Ripple compliments, it doesn't compete - XRP is a utility of the network and as such has some value.
That said, some people certainly do buy large amounts, there are offers ( http://xrp.webr3.org/btc-xrp ) of 50, 200, 400+ BTC from single people to buy it, so obviously some people feel it's got value.
