One of the top guys at Ripple gave media interview recently and he said XRP could well be competitor to Bitcoin. Do they think we are stupid? Tell us one thing on the forum - oh it's just a complement to Bitcoin it will never replace it; yet tell their investors and the media another?
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.
It's a profit driven enterprise, they will go wherever the profit takes them. It's centralised, the owners have most of the money, it's closed source... it goes against everything most people in the Bitcoin community believe in.
Topic: Ripple is not a scam - page 3. (Read 2295 times)
I didn't grab the source because I'm not a developer, nor am I some hater who would probably leak it for nefarious purposes lol. I think it'll be released very soon, the network will grow, and we'll see how much of scam it really is. I'm telling you, the plan with OpenCoin is to remove themselves gradually over time, and that ALL of the XRP be returned into the eco-system in a short period of time. But we can't know the future, so yeah, it might all fall apart, but it's not a scam.
I spoke quite a bit with the Ripple team at the San Jose conference. The core guys are bigtime Bitcoin guys and geniuses. In my opinion nothing about Ripple is intended to work against Bitcoin. Ripple's features are complimentary to Bitcoin and have the potential to significantly boost functionality and adoption. Since they're giving away XRP for free, I have no clue how anyone can argue it's a scam.
I learned that ~1.2% of all XRP have already been given away. I think this shows that OpenCoin is making good on the promise to distribute XRP fairly over time. It's VERY early. A big goal of the distribution of XRP is to ensure the price of XRP keeps moving up throughout the process. It's an ingenious strategy which I'm assuming will require a nimble implementation.
I got a demo of the Federation Protocol in action in a way I hadn't seen, and was offered a copy of the Ripple source code. Also, Jed Mccaleb (CTO/Ripple creator) told me that if he had it his way he would release the source immediately.
You don't need to hold more than ~$1 worth of XRP in order to use Ripple (to cover network fees). You can then pop in and out of the system in any currency you prefer.
Chris Larsen (CEO) spoke on the Alt-Chain panel and nobody attacked him or asked him tough questions about Ripple being a scam. It became clear during that panel that there's a need for more decentralized payment processing layers in the eco-system than Bitcoin alone, and that Ripple will be playing a valuable role.
I learned that ~1.2% of all XRP have already been given away. I think this shows that OpenCoin is making good on the promise to distribute XRP fairly over time. It's VERY early. A big goal of the distribution of XRP is to ensure the price of XRP keeps moving up throughout the process. It's an ingenious strategy which I'm assuming will require a nimble implementation.
I got a demo of the Federation Protocol in action in a way I hadn't seen, and was offered a copy of the Ripple source code. Also, Jed Mccaleb (CTO/Ripple creator) told me that if he had it his way he would release the source immediately.
You don't need to hold more than ~$1 worth of XRP in order to use Ripple (to cover network fees). You can then pop in and out of the system in any currency you prefer.
Chris Larsen (CEO) spoke on the Alt-Chain panel and nobody attacked him or asked him tough questions about Ripple being a scam. It became clear during that panel that there's a need for more decentralized payment processing layers in the eco-system than Bitcoin alone, and that Ripple will be playing a valuable role.
I came to ripple open minded and thought its good idea until i started reading about ripples (XRP). Its nonsense. They premined it and said they will be handing it for free. So i was looking where i can get some. And guess what. I cant get it. Others advised me to buy it. Why i have to buy it when i was supposed to get it for free?
But its not all. You say that its enough to have $1 worth of XRP to cover transaction fees. But how many XRP should it be if its value is 0? They have the same problem as bitcoin. In order to transfer value you have to use item that already have some value. But if XRP is handed for free then it has no value at all. Then its impossible to transfer anything valuable because you will always end with 0 if you multiply anything by 0.
And here we come injustice. How are you going to give people XRP for free so everybody will get equal value to be fair for all? You cant do this. Then its not surprising that people are calling it a scam. Maybe its not a scam but something is really wrong with ripples and i am not going to use it in shape it is now. And i am not going to pay even $0.01 to buy ripples ever.
up
Chris Larsen (CEO) spoke on the Alt-Chain panel and nobody attacked him or asked him tough questions about Ripple being a scam.
Well, thats because I wasnt there and you know what, shame on me for not being that guy. I would have loved to been escorted out by security.
Listen, Ripple is a Hustle. Everyone has a hustle. For you, it might be working at McDonalds. For these guys, its separating a sucker and his money.
Yes, they are brilliant at what they do. But lets not to forget to call a spade a spade.
source code please?
ha ha , see now, this is why i love freedom. and the internet.
source code please?
I spoke quite a bit with the Ripple team at the San Jose conference. The core guys are bigtime Bitcoin guys and geniuses. In my opinion nothing about Ripple is intended to work against Bitcoin. Ripple's features are complimentary to Bitcoin and have the potential to significantly boost functionality and adoption. Since they're giving away XRP for free, I have no clue how anyone can argue it's a scam.
I learned that ~1.2% of all XRP have already been given away. I think this shows that OpenCoin is making good on the promise to distribute XRP fairly over time. It's VERY early. A big goal of the distribution of XRP is to ensure the price of XRP keeps moving up throughout the process. It's an ingenious strategy which I'm assuming will require a nimble implementation.
I got a demo of the Federation Protocol in action in a way I hadn't seen, and was offered a copy of the Ripple source code. Also, Jed Mccaleb (CTO/Ripple creator) told me that if he had it his way he would release the source immediately.
You don't need to hold more than ~$1 worth of XRP in order to use Ripple (to cover network fees). You can then pop in and out of the system in any currency you prefer.
Chris Larsen (CEO) spoke on the Alt-Chain panel and nobody attacked him or asked him tough questions about Ripple being a scam. It became clear during that panel that there's a need for more decentralized payment processing layers in the eco-system than Bitcoin alone, and that Ripple will be playing a valuable role.
I learned that ~1.2% of all XRP have already been given away. I think this shows that OpenCoin is making good on the promise to distribute XRP fairly over time. It's VERY early. A big goal of the distribution of XRP is to ensure the price of XRP keeps moving up throughout the process. It's an ingenious strategy which I'm assuming will require a nimble implementation.
I got a demo of the Federation Protocol in action in a way I hadn't seen, and was offered a copy of the Ripple source code. Also, Jed Mccaleb (CTO/Ripple creator) told me that if he had it his way he would release the source immediately.
You don't need to hold more than ~$1 worth of XRP in order to use Ripple (to cover network fees). You can then pop in and out of the system in any currency you prefer.
Chris Larsen (CEO) spoke on the Alt-Chain panel and nobody attacked him or asked him tough questions about Ripple being a scam. It became clear during that panel that there's a need for more decentralized payment processing layers in the eco-system than Bitcoin alone, and that Ripple will be playing a valuable role.
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