Topic: Ripple is not a scam - page 2. (Read 2295 times)

no Fiat = state controlled monopoly 

this is a voluntary service in the market ... aka private that people can choose to use.

I said it was as much a scam as fiat. Either both or neither are a scam. The part that can be interpreted as a scam is that many people are too stupid to understand this is not in their interest.

Dude! Use the system if you want and forget about the price of XRP! I'm not high, I just might want to send money all around the world in any currency for free instantly asap. You can get all the XRP you need to do this for free. Sheesh.

What is wrong with this if the service is being preformed by two voluntary parties?

If a company "A" makes a product that another individual purchases and retains then the ownership of, what is the "scam" in that? That is not a scam.
#YouFreeMarketMuch?

THIS:

Ripple have also said on record their business model is based on making the value of XRP increase. That makes them profit because they plan to keep a big chunk of XRP for themselves.

Yes. However, their plan is that over time the XRP will enter the eco-system. Time will tell what happens.
Quote from: mr_random on Today at 12:15:39 PM

Are you high? 100% 'premine' of a pyramid scheme and you are defending them? You must be slow.

How much are you really talking out of your ass? It's a CLOSED SYSTEM where EVERY 'COIN' (not a coin, a scam) has been portioned out to the owners and developers to do what they want to with. Feel free to jump on that shit-grenade.

The company behind Ripple pre-created all the XRPs. They own them all and hand them out at will. If still don't comprehend just holler

So someone in OpenCoin said XRP could be a competitor to Bitcoin. What's your point? You have a link btw?
Yes. However, their plan is that over time the XRP will enter the eco-system. Time will tell what happens.
Why not withhold judgement until it is open sourced?

Once Ripple is open source the opportunity to create a different protocol based on Ripple will exist. Just like many people have created alt-coins based on Bitcoin. It's my personal opinion that it will be even harder to displace Ripple than it has been for any other cryptocurrency to displace Bitcoin up until now. The Ripple devs have a " I could care less about this risk " attitude, but I'm sure it's a concern to OpenCoin.

I wouldn't say it is a scam that term gets thrown around too much.
It fulfills a purpose for those who choose to use this service.

It is a semi-centralized service.

It's quite simple, Ripple takes the brilliant idea of bitcoin and removes the brilliant part while calling it something new.

Instead of keeping it decentralized, to avoid one group taking control and dictating to everyone else, it centralizes the whole process for the advantage of the few(Ripple's devs and it's financial backers).   This is 100% against what Bitcoin is about, and one of the many reasons why so many dislike Ripple.

What makes it a "scam", is that it claims to want to coexist with Bitcoin while at the same time working towards replacing it.  You said it yourself in a reply earlier


You're not "replacing bitcoin", you're only replacing a large portion of what makes Bitcoin valuable(its ability to be used as a medium of exchange).  If you can't see how that IS effectively trying to replace Bitcoin then I don't know how Im going to convince you.

We must be living in different parallel universes because I've double checked and you ignored most of the points in my message.

I love these guys who just repeat over and over again how Ripple is a scam, yet don't have the balls or the intellect to back up their parroting with an argument. It is my understanding there were a lot of those in the early days of Bitcoin.

The Ripple system is nice and has potential (although I would like it to be open source).

The Ripple currency (XRP) is as much a scam as fiat currency.

100% total and utter scam. If you can't see that you are so wildly self deluded (OR more likely, you own a ton of worthless ripple that you are trying to peddle)

LOL
Don't get me started on BFL. They were at the conference showing off their new offline wallets and everyone was like, yeah, wtvr, but what about the mining hardware you promised us?

XRP > anything useless

I don't see how giving away free XRP proves that it's not a scam.  If BFL started giving away useless mining rigs that don't work with with a samsung taped to the front, would you believe it's not a scam as well?
hehe

Ripple is a payment protocol meant to facilitate transactions in any currency around the world. Bitcoin is an amazing currency. They are complimentary.

If you think Bitcoin will very shortly replace every other currency and dominate all the world's transactions (I think this would be friggin' amazing FTR), then theoretically Ripple isn't necessary. I'm skeptical about this being possible in the short term, and I'm skeptical of the scalability of the number of transactions allowable in the network. Major changes will need to occur in Bitcoin around this, like off-chain transactions.

The incentive for developers to keep working on the sorts of amazing things that Bitcoin needs from now until global domination just isn't there, imho. If you build amazing Bitcoin stuff and make it grow, and make the price rise, you're mostly just enriching someone other than yourself (unless you're an early adopter, and most smart capable people on the planet obviously aren't). But let's wait and see where the VC money goes and see if we can find opportunity there..? Oh wait, it's starting to go to OpenCoin... hm.... Maybe Google Ventures and Lightspeed are idiots? Maybe the price of BTC will cruise by 24x every year from now on? Keep dreaming.

I see Bitcoin as the ultimate store of value so long as the network continues to grow. In terms of global ubiquity as a payment standard, there is some serious heavy lifting needed, heavy-lifting that is in a sense already being done/has been done by Ripple devs.

Remember that the global transactional currency market is MASSIVE (est. 60 trillion dollars). If you think that Bitcoin's problem is Ripple, you're delusional about what the scalability of this stuff is and how early cryptographic money solutions are.

who cares if its profit driven, thats great!!  , its the fact that its a complete scam , is my main issue.

btw nameface i like the logo _ you design ?

Ripple is the most dangerous scamcoin out there right now for many reasons.

For one, they actually have people fooled into thinking their end game is co-existing with Bitcoin.   This couldn't be farther from the truth if you actually delve into Ripple, it's end game is to be the defacto online cryptocurrency solution.

What's even scarier about Ripple is due to it's centralized structure, it's by far the most appealing way for the banking industry to get it's beak wet in the crypto currency game and continue it's strangle hold on currency in general.  This flies in the face of one of the main philosophical points of crypto currency, shifting the balance of power away from the few and to the many.

Im hopeful more and more will come to realize how big and dangerous a scam Ripple is, but with the way they buy support by handing out gobs of free rips and the obvious PR firm backing them we may be in trouble.

http://ripplescam.org/