Topic: Ripple here, ripple there.. Whats so good about this? (Read 1129 times)
I can't use it because I must have a minimum 100 XRP to use.
XRP is in full bubble mode, encouraged by OpenCoin who restricts the supply. The valuation exceeds that of Bitcoin, that's simply ridiculous. I think the long term goal is for 1XRP to be the same order of magnitude as 1USD, so another 100x increase.
I don't think OpenCoin has a moat sufficiently strong to make this happen and reward investors that buy at these prices. So in my view XRP is a pump and dump altcoin like bitbar, feathercoin etc. The Ripple technology is great and it may be the start of some great cryptocurrencies that do away with mining, while maintaining an open network with no central bank. Despite OpenCoin's claims, I doubt they will open source Ripple too soon, if ever.
I don't think OpenCoin has a moat sufficiently strong to make this happen and reward investors that buy at these prices. So in my view XRP is a pump and dump altcoin like bitbar, feathercoin etc. The Ripple technology is great and it may be the start of some great cryptocurrencies that do away with mining, while maintaining an open network with no central bank. Despite OpenCoin's claims, I doubt they will open source Ripple too soon, if ever.
So... where do I trade XRP for BTC and vica versa?
just follow this: https://bitcointalksearch.org/topic/mini-guide-to-fair-market-btcxrp-trading-and-redemption-147231
So... where do I trade XRP for BTC and vica versa?
I've actually met the guys behind Ripple/ OpenCoin, and even if it's a for-profit company, it's no scam. Their only chance of making money is through the value of XRP / Ripple. They are keeping a good chunk of it the coins for themselves, but they are literally giving it away the rest to people who pay attention to them for the most part. The main purpose is as everyone who looks at it says, it's an IOU system. Ripple is not trying to be a currency even though it will still be seen as one, and it's not trying to replace Bitcoin or anything. It's trying to be a complement and make trading easier (There's an exchanger to complement).
If anything I would think Ripple is trying to cover the transaction fees, but again there are many conspiracy theorists, but the bottom line is: The company's aim is for them to make Ripple valuable and they are giving them away. It's up to you. I say I'm all for free coins and if later down the line they are worth something then that's fine by me. Ripple has no mining and there is no real 51% attack on it because of that. Ripple is not like the alt currencies that you are probably familiar with. This is a startup effort and it has a different way of doing checks and balances. If you want more info on how it works I suggest looking on their site. As for me, I would like to see it succeed, so I'll just watch from the sidelines.
I do find it funny how people always feel they have better insight than people who are putting their time and effort into something. If Google Ventures didn't think it was a good idea/is a scam, then they wouldn't be funding it.
If anything I would think Ripple is trying to cover the transaction fees, but again there are many conspiracy theorists, but the bottom line is: The company's aim is for them to make Ripple valuable and they are giving them away. It's up to you. I say I'm all for free coins and if later down the line they are worth something then that's fine by me. Ripple has no mining and there is no real 51% attack on it because of that. Ripple is not like the alt currencies that you are probably familiar with. This is a startup effort and it has a different way of doing checks and balances. If you want more info on how it works I suggest looking on their site. As for me, I would like to see it succeed, so I'll just watch from the sidelines.
I do find it funny how people always feel they have better insight than people who are putting their time and effort into something. If Google Ventures didn't think it was a good idea/is a scam, then they wouldn't be funding it.
Bump it! 
I like about their IOU system and built in exchanger.
Do they really have "built in exchanger"? As far as I understand I have to use BitStamp or WeExchange to cash out Fiat?
ripple is very good 
What is ripple
Seems scam to me, you have to buy XRP to be able to use ripple
But you can't use any of the functions unless you have XRP.
I spent a long time reading their articles and never saw that part. Well, this is good to know. They make it sound so easy and smooth and no need to wait for conformations.
Bump that thing!
I want to hear what other people think about it. And I don't want to read a forum where there are scam discussions around it.
bump
But you can't use any of the functions unless you have XRP.
I like about their IOU system and built in exchanger.
I understand why there are so many scam discussions the more I'm hearing.
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