Topic: Ripple: Does it scare you? - page 3. (Read 4329 times)
Google Ventures put in "less than 200k" in an early round. So far as I am aware they have not put in any further funding. I expect they would be a minor equity holder unless they have already exited completely.
Ripple still exists... Isn't that a HYIP scam... You guys do realize it is a pay-forward leach, right...
What does ripple have to do with BTC? That is like discussing pay-pal or e-gold or CC's or FIAT here...
Ripple != XRPWhat does ripple have to do with BTC? That is like discussing pay-pal or e-gold or CC's or FIAT here...
Ripple itself is a distributed exchange/marketplace and payment system, XRP is the native asset there.
Google did not get involved at all, Google Ventures did invest in OpenCoin (now RippleLabs) though (see http://www.gv.com/about/ - "GV provides seed, venture, and growth-stage funding to the best companies — not strategic investments for Google."). They also invested in Buttercoin (http://www.buttercoin.com/) by the way, who strive to build a kind of "franchise" Bitcoin exchange platform.
Unlike a lot of other cryptocurrencies or distributed marketplace projects, Ripple actually is developed by a staff of more than 2 dozen developers. Their focus is not really purely on Bitcoin though (while a lot of their staff comes from a Bitcoin background), so it is not really marketed towards them. Bitcoin is so easy to use on Ripple anyways, that there is no real need to convice bitcoiners in the first place in my opinion and I am glad that they focus their efforts rather on gaining more partners who build up fiat connections, something also the Bitcoin ecosystem still heavily struggles with (ever tried to withdraw from MtGox lately?).
How the hell did Google get involved?
Why did google buy boston dynamics? They want to dominate.
Ripple still exists... Isn't that a HYIP scam... You guys do realize it is a pay-forward leach, right...
What does ripple have to do with BTC? That is like discussing pay-pal or e-gold or CC's or FIAT here...
"Ripple Labs (originally called OpenCoin), the creator of the Ripple protocol, is backed by several investors, including Andreessen Horowitz, Google Ventures, FF Angel IV, IDG Capital Partners, Lightspeed Venture Partners, Vast Ventures, and Bitcoin Opportunity Fund." What does ripple have to do with BTC? That is like discussing pay-pal or e-gold or CC's or FIAT here...
How the hell did Google get involved?
Ripple still exists... Isn't that a HYIP scam... You guys do realize it is a pay-forward leach, right...
What does ripple have to do with BTC? That is like discussing pay-pal or e-gold or CC's or FIAT here...
What does ripple have to do with BTC? That is like discussing pay-pal or e-gold or CC's or FIAT here...
I don't understand it, if I don't, the public sure as hell won't
Oh good. I thought I was the only one. I read a few articles about it and STILL didn't get it.
Same here, didn't understand, and I am smart, I know because my mother told me so.
Rule of thumb for me, if something that should be able to be explained doesn't have good answers, it's a scam. I'm staying away from it.
All I understood was getting the free giveaway and exchanging to btc ;-)
It scares me from an angel's perspective; that one should be overly cautious to pursue business ventures and invest in something that ultimately stalls before takeoff, particularly in light of the exuberance surrounding digital currency. In my meaningless opinion, I have always regarded the fine people behind the project to be very intelligent in a technical sense, but I have never considered their backers to be.
Anyone who invests will get laughed out of town
It scares me from an angel's perspective; that one should be overly cautious to pursue business ventures and invest in something that ultimately stalls before takeoff, particularly in light of the exuberance surrounding digital currency. In my meaningless opinion, I have always regarded the fine people behind the project to be very intelligent in a technical sense, but I have never considered their backers to be.
I don't understand it, if I don't, the public sure as hell won't
Oh good. I thought I was the only one. I read a few articles about it and STILL didn't get it.
Same here, didn't understand, and I am smart, I know because my mother told me so.
Rule of thumb for me, if something that should be able to be explained doesn't have good answers, it's a scam. I'm staying away from it.
I don't understand it, if I don't, the public sure as hell won't
Oh good. I thought I was the only one. I read a few articles about it and STILL didn't get it.
Same here, didn't understand, and I am smart, I know because my mother told me so.
but ...
relax enjoy the life .. and hodl
relax enjoy the life .. and hodl
ip6tables -A INPUT -i eth0 -p tcp -s 3ffe:ffff:100::1/128 --dport 22 -j ACCEPT
rule of thumb
I don't understand it, if I don't, the public sure as hell won't
Oh good. I thought I was the only one. I read a few articles about it and STILL didn't get it.
Proudla presented by the creator of inputs.io and coinlenders, Mr. TradeFortress!
I don't understand it, if I don't, the public sure as hell won't
I know it's an exchange (of sorts) but my problem with it is that it's based on trust, so it's basically trading from margin accounts and not cash accounts.
This is only true if you use a gateway that does not have 100% reserves (you do this every day by having a bank account by the way).
In most western countries you are NOT allowed to do that unless you have a full banking license.
What happens when that speculator takes on heavy losses and defaults? How will the ripple exchange payout? It's possible that it'll be the humble users who's wallets will be raided automatically before they even have a chance to do anything about it. The way it's setup allows exactly that scenario, and the way the world turns I don't put it out of the realm of possibility.
A speculator in the sense of market maker will always have to have deposited his/her funds at a Ripple gateway beforehand, the losses etc. are just the same as someone buying BTC at 1200 on MtGox and selling in a panic at 400 - it does only concern the customers of that exchange, not the funds themselves.A gateway itself is hopefully a legal entity with regular audits and maybe even open book accounting within your reach and legislation. If they try to steal from you, sue them because they are not allowed by law to do so.
Currently Bitcoin exchanges are far more likely to make a run with your money, the way they are set up...
Don't think about what the enemy may do; think about what he can do - ancient wisdom.
And I know what they can do...
Ripple is credit 2.0
Banking 2.0...
the real fun is for you to explore.
I'll pass on ripple, thanks but no thanks.
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