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Topic: Ripple: Does it scare you? (Read 4329 times)

full member
Activity: 238
Merit: 100
Stand on the shoulders of giants
January 04, 2014, 03:12:31 PM
#67
You have some wrong statements in there (e.g. "Ripple is funded by google"), the giveaway has been announced here multiple times and it just looks like you want to push your digitalocean refcode with this.

Now I see why Litter Coin zap out of groole ...  Tongue
legendary
Activity: 2618
Merit: 1007
January 03, 2014, 04:52:49 PM
#66
You have some wrong statements in there (e.g. "Ripple is funded by google"), the giveaway has been announced here multiple times and it just looks like you want to push your digitalocean refcode with this.
full member
Activity: 182
Merit: 100
January 03, 2014, 04:30:24 PM
#65
Nah, I didn't "invest" a lot in BTC back in the day and I won't buy XRP either. I'm happy with what I got for free and rather earn money doing something productive with either system (e.g. building merchant services).

Why pay when you get XRP for free: https://bitcointalk.org/index.php?topic=397696.new#new
legendary
Activity: 2618
Merit: 1007
January 03, 2014, 02:16:57 PM
#64
Nah, I didn't "invest" a lot in BTC back in the day and I won't buy XRP either. I'm happy with what I got for free and rather earn money doing something productive with either system (e.g. building merchant services).
legendary
Activity: 2912
Merit: 1060
January 03, 2014, 02:14:16 PM
#63
Embarrassed

Hey if you're right, you'll be rich. Many doubted Bitcoin. Stay chipper
legendary
Activity: 2618
Merit: 1007
January 03, 2014, 02:12:54 PM
#62
 Embarrassed
legendary
Activity: 2912
Merit: 1060
January 03, 2014, 02:11:38 PM
#61
So how is it be open source and not open source at the same time, exactly? That at least you can surely stick around to answer.

The page is simply wrong/outdated in that regard, all code necessary to run a validator is publicly available (before that access was only granted on demand to a few dozen developers outside OpenCoin) under an MIT license (just like Bitcoin-QT) on github:
https://github.com/ripple

The server is called "rippled", the client "ripple-client" and it uses the JavaScript library "ripple-lib". Also quite a few other projects are also available in source code there (e.g. a market overview page).

There is nothing that can or will stop you from bootstrapping/running your own Ripple network or forking it other than the limitation that this can't be called "Ripple" any more (similar to Litecoin, Dogecoin, Namecoin, ...coin which use mostly bitcoin code but not the Satoshi block chain).

"shill" "protecting my investment in that obvious scam"
legendary
Activity: 2618
Merit: 1007
January 03, 2014, 02:09:34 PM
#60
So how is it be open source and not open source at the same time, exactly? That at least you can surely stick around to answer.

The page is simply wrong/outdated in that regard, all code necessary to run a validator is publicly available (before that access was only granted on demand to a few dozen developers outside OpenCoin) under an MIT license (just like Bitcoin-QT) on github:
https://github.com/ripple

The server is called "rippled", the client "ripple-client" and it uses the JavaScript library "ripple-lib". Also quite a few other projects are also available in source code there (e.g. a market overview page).

There is nothing that can or will stop you from bootstrapping/running your own Ripple network or forking it other than the limitation that this can't be called "Ripple" any more (similar to Litecoin, Dogecoin, Namecoin, ...coin which use mostly bitcoin code but not the Satoshi block chain).
legendary
Activity: 2268
Merit: 1278
January 03, 2014, 11:32:09 AM
#59
Its incredibly difficult to get bitcoins out of ripple without giving some service provider your government ID. I have some bitstamp coins stuck simply because I dont want to do this.

Avoid.
Wrong, you can simply put a Bitcoin address in the "send to" box and send BTC from within Ripple federated anonymously by Bitstamp. No ID or anything needed.

Guy looks like he knows his stuff. I would like to see someone refute his claims if such a thing is possible. Something more substantial than attacking the messenger.
I did, multiple times already. I stopped doing that though, since it really doesn't help anyways to eliminate suspicions (I just get called "shill" "protecting my investment in that obvious scam" and whatnot) and is not really worth my time. If you want to read a bit, feel free to check my post history here, on ripple.com or Reddit.
So how is it be open source and not open source at the same time, exactly? That at least you can surely stick around to answer.
legendary
Activity: 2618
Merit: 1007
January 03, 2014, 10:18:17 AM
#58
Its incredibly difficult to get bitcoins out of ripple without giving some service provider your government ID. I have some bitstamp coins stuck simply because I dont want to do this.

Avoid.
Wrong, you can simply put a Bitcoin address in the "send to" box and send BTC from within Ripple federated anonymously by Bitstamp. No ID or anything needed.

Guy looks like he knows his stuff. I would like to see someone refute his claims if such a thing is possible. Something more substantial than attacking the messenger.
I did, multiple times already. I stopped doing that though, since it really doesn't help anyways to eliminate suspicions (I just get called "shill" "protecting my investment in that obvious scam" and whatnot) and is not really worth my time. If you want to read a bit, feel free to check my post history here, on ripple.com or Reddit.
legendary
Activity: 2268
Merit: 1278
January 03, 2014, 07:15:25 AM
#57
no. i visited their official website. very interesting!

http://ripplescam.org/




This website was made by a man that is involved in the biggest frauds in bitcoin history.

A fraud knows a fraud
Guy looks like he knows his stuff. I would like to see someone refute his claims if such a thing is possible. Something more substantial than attacking the messenger.
legendary
Activity: 2912
Merit: 1060
January 03, 2014, 06:27:05 AM
#56
no. i visited their official website. very interesting!

http://ripplescam.org/




This website was made by a man that is involved in the biggest frauds in bitcoin history.

A fraud knows a fraud
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
January 03, 2014, 06:18:24 AM
#55
no. i visited their official website. very interesting!

http://ripplescam.org/




This website was made by a man that is involved in the biggest frauds in bitcoin history.
hero member
Activity: 686
Merit: 500
Wat
January 03, 2014, 06:04:07 AM
#54
Its incredibly difficult to get bitcoins out of ripple without giving some service provider your government ID. I have some bitstamp coins stuck simply because I dont want to do this.

Avoid.
legendary
Activity: 2912
Merit: 1060
January 03, 2014, 05:58:12 AM
#53
But why should I send btc through ripple when I can just send it directly? Its adding an extra step with 0 benefit as far as I can tell. They don't add chargeback capability, etc.
Because your other party does NOT want to receive BTC (BitPay and Coinbase have hundreds, if not thousands of merchants as customers who want to allow people to pay in BTC but who want to receive USD/EUR/... instead).

Ripple is like decentralized BitPay, it is not designed as a real competitor to pure Bitcoin transactions (you could do off-chain microtransactions cheaper maybe).

Ok that makes sense.
newbie
Activity: 39
Merit: 0
January 03, 2014, 05:24:02 AM
#52
I think I understand it - basically the idea is that it provides the features of Bitcoin but is specifically set up to make it easy to exchange fiat currencies. So it's kind of like if you want to trust a guy with USD he'll pay out those dollars to you for your GBP, then you can exchange that fiat instantly just like you can transfer Bitcoins instantly.

For me this limits the 'risk' people talk about when they say it 'depends on trust'. All currency exchanges depend on trust, including when you send someone bitcoin for a product - if they don't deliver it, they broke your trust and you're out of that money. Difference is, money isn't supposed to stay in ripple for long, you're probably just making an exchange for fiat.
legendary
Activity: 2618
Merit: 1007
January 03, 2014, 05:05:09 AM
#51
But why should I send btc through ripple when I can just send it directly? Its adding an extra step with 0 benefit as far as I can tell. They don't add chargeback capability, etc.
Because your other party does NOT want to receive BTC (BitPay and Coinbase have hundreds, if not thousands of merchants as customers who want to allow people to pay in BTC but who want to receive USD/EUR/... instead).

Ripple is like decentralized BitPay, it is not designed as a real competitor to pure Bitcoin transactions (you could do off-chain microtransactions cheaper maybe).
b!z
legendary
Activity: 1582
Merit: 1010
January 02, 2014, 10:49:58 PM
#50
But why should I send btc through ripple when I can just send it directly? Its adding an extra step with 0 benefit as far as I can tell. They don't add chargeback capability, etc.

You can send any other currency. For example, you can't send or exchange USD 'directly' like you can with BTC.
legendary
Activity: 1946
Merit: 1035
January 02, 2014, 10:32:24 PM
#49
If Ripple scares you because you think it would get you rich, but you will miss the boat, then... buy some XRP Cheesy

There are so many nice things about Ripple, I agree with saying that it shouldn't be compared like "another altcoin out there". Both Ripple and MasterCoin are interesting to watch, even if they are very different by philosophy (open) and carrier (Bitcoin block chain), they share some features in common especially the multi-currency aspect.

BTW, I have more BTC on my (evil, closed source) Ripple account than I have XRPs Wink
legendary
Activity: 2912
Merit: 1060
January 02, 2014, 10:27:08 PM
#48
But why should I send btc through ripple when I can just send it directly? Its adding an extra step with 0 benefit as far as I can tell. They don't add chargeback capability, etc.
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