In the end, Ripple is a currency agnostic payment and exchange network. It allows people to send any amount in any currency directly to anybody anywhere instantly. No other system, network, exchange or currency can offer a service close to this.
Cypto-coin and fiat zealots who are religiously devoted to their denomination are incapable of rising above their dogma to appreciate the need or value of a secular financial system like Ripple. Even if crypto-coin profit…I mean….prophet….Satoshi Nakamoto, was revealed to be the Ben Bernanke, and he owned up to the million+ BTC that he pre-mined, BTC fundamentalists would remain unfazed. …. They would simply spend the hour or so it would take to get 3 to 6 confirmations to create new denial mechanisms.
If a currency or payment system cannot be used to transact business instantly, it has no place in the future. BTC cannot be used as a point of sale protocol. It is too slow….plain and simple….end of conversation.
Much to the chagrin of the fundamentalists Bitcoiners, Ripple is the only present way to make BTC viable in the future.
Nonsense. Ripple offers zero value in the payment system.
For cryptocurrency to cryptocurrency, we can already send any amount directly to anybody anywhere instantly.
For Fiat currency, even with the use of Ripple, you will still need to use the banking system to move the money to the end point. You can't magically move US$100K from one place to another. Someone will still need to absorb the banking fee for the transfer.
So why even create a complex system when it doesn't improve things at all?
Instantly means in negligible time. The 10 to 30 minutes needed for BTC transactions is not 'negligible'. Put it in a real world application and imagine McDonald's accepted BTC. LOL...I used to get bent at the little old lady writing out checks....now I've got to wait on you and the superior BTC payment network.
As you've clearly changed the meaning of next to no time (instantly) to mean 10 to 30 minutes. By 'Ripple offers
zero value in the payment system' do you mean it offers 10 to 30 times the value of the existing system?
As I said...it's impossible for zealots to grasp. When confronted with the shortcomings of BTC, they'll use every logic fallacy known....change definitions of words, set up straw men, ad hominem attacks, etc.
I didn't know that I could send you Litecoin and you get Bitcoin....let alone USD, EUR, etc. ...and no, you don't have to use the banking system to move money within the Ripple network either. For example, you can put cash in via ZipZap.
Learn the facts first, then feel free to distort them however you choose.
