Cripple is something like Monsanto. Trying to make every farmer to accept only their own rules. Controlling everything, of course.
Cripple is not a scam. It just makes you dependent on cripple CEO. Nothing more, nothing less. Typical centrallized project. Give a bow to the Monsanto and Monsanto maybe will allow you to make some profit.
Conspiration theory: many todays scamcoins and junkcoins are created by developers of ripple, nxt, megacoin and similar projects to initiate a declining attitude to the crypto in general
Topic: Ripple is not a scam - and you may be making yourself vulnerable to actual scams - page 6. (Read 10282 times)
December 31, 2013, 08:39:36 PM
December 31, 2013, 08:33:43 PM
Highly focused to exchange those ripple for fiat as soon as possible. What a great cause!
If it does not allow anyone to create the coins in an equal manner than it is in effect pre-mined. I dont care how many ripple they gave you to come over here and try to pour perfume over a shit sandwich in order for all of us to eat it.
Im sure Ripple IS NOT a scam. It is doing exactly what it was designed to do. Make the dev's Rich beyond belief from the fools who will eat shit sandwiches.
If it does not allow anyone to create the coins in an equal manner than it is in effect pre-mined. I dont care how many ripple they gave you to come over here and try to pour perfume over a shit sandwich in order for all of us to eat it.
Im sure Ripple IS NOT a scam. It is doing exactly what it was designed to do. Make the dev's Rich beyond belief from the fools who will eat shit sandwiches.
Experience with bad exchanges, seeking a long term currency investment, and then finally reading code kept bringing me back to Ripple. I have previously invested in many alts---and have made decent money. I am hoping to encourage people to look at other decentralized exchange systems as well.
I assumed it was a scam at first, myself, and then read up on it more.
I am not paid by Ripple Labs.
December 31, 2013, 08:24:24 PM
Ripple Labs is highly focused on distributing XRP, and has found a way to promote a great cause in turn.
Highly focused to exchange those ripple for fiat as soon as possible. What a great cause!
If it does not allow anyone to create the coins in an equal manner than it is in effect pre-mined. I dont care how many ripple they gave you to come over here and try to pour perfume over a shit sandwich in order for all of us to eat it.
Im sure Ripple IS NOT a scam. It is doing exactly what it was designed to do. Make the dev's Rich beyond belief from the fools who will eat shit sandwiches.
December 31, 2013, 08:11:14 PM
Sorry all the coloured concepts (Mastercoin, NXT etc) are so far removed from being able to be legally enforceable in the real world against real assets it's a joke. At least with crypto you are dealing with virtual assets.
Ripple does not force you to deal in real world currencies. It supports crypto currencies with equal strength.
Also: since there are no legal precedents established for systems like Ripple yet---it is extremely hard to say how they will fair, in line with your concerns.
December 31, 2013, 08:09:37 PM
Sorry all the coloured concepts (Mastercoin, NXT etc) are so far removed from being able to be legally enforceable in the real world against real assets it's a joke. At least with crypto you are dealing with virtual assets.
December 31, 2013, 08:06:58 PM
No one can understand the foggy misleading purpose of mastercoin and ripple, so it will fail, simple as that. I will bet on Nxt. Period.
Understanding their purpose directly ties to understanding the major centralization issues threatening Bitcoin and Alts today.
December 31, 2013, 08:05:41 PM
No one can understand the foggy misleading purpose of mastercoin and ripple, so it will fail, simple as that. I will bet on Nxt. Period.
December 31, 2013, 08:03:46 PM
Ripple is misunderstood because no one can understand it.
Once you start using it, it turns out to be pretty easy, even for a newbie like me
December 31, 2013, 08:03:31 PM
Ripple is a scam. Has been, will always be.
December 31, 2013, 08:03:13 PM
Ripple is misunderstood because no one can understand it.
It will take time. Much like Bitcoin itself, it moves in a radical new direction.
December 31, 2013, 08:01:02 PM
Often with complex systems such as this there tends to be a few good concepts that can be taken away that would benefit the community if applied in a different way, or if applied on its own without the additional functions. I'd be interested in looking into the code and getting a better understanding of how it all works. But even as someone who enjoys learning complex systems, it seems like a hard sell to me, and probably magic to someone who doesn't understand it at all. What worries me most about complex systems like this is that it's much harder to obfuscate flaws in the system, or loopholes.
I agree about the general concern for complex systems, but have been consistently pleased by what I have digested. Everything points to development taken seriously---not a sole developer-rushing-to-market-effort. Also worth noting, on the code front, is their recent hire of a co-founder of nodejitsu:
https://www.nodejitsu.com/
December 31, 2013, 07:59:34 PM
Ripple is misunderstood because no one can understand it.
If I want to receive $10,000 USD from Bitstamp as a money transfer I have to agree to lend them that amount at any time (and they can just take it without telling me). I can't think of any circumstances in which that would be a good idea. Bitstamp is not a bank and is not FDIC insured.
At least when I deal with an exchange I choose when and if they get my money.
If I want to receive $10,000 USD from Bitstamp as a money transfer I have to agree to lend them that amount at any time (and they can just take it without telling me). I can't think of any circumstances in which that would be a good idea. Bitstamp is not a bank and is not FDIC insured.
At least when I deal with an exchange I choose when and if they get my money.
December 31, 2013, 07:54:45 PM
Bitcoin works because it's almost universally understood by the people who use it, even if only on a very basic level. I start reading about Ripple, and it all sounds good and clever and logical, but it puts me in mind of spaghetti code; all sorts of different ideas and concepts working together that it's not entirely clear what the system does. They may all be very good ideas, fantastic ideas even, but put enough good ideas together and you end up with unpredictable emergent behaviour. Maybe I'm biased as a programmer, but elegance to me should be one of the main goals for any POW, or even POS currency. To be honest I'm really not sold on POS at all. Not even POW with POS elements. I just think it does the opposite of what it claims.
Also a programmer here. It is worth checking out the code. Since Ripple is still in its early stages, it is going to take a while for all of the concepts to be clearly distilled for mass consumption.
Often with complex systems such as this there tends to be a few good concepts that can be taken away that would benefit the community if applied in a different way, or if applied on its own without the additional functions. I'd be interested in looking into the code and getting a better understanding of how it all works. But even as someone who enjoys learning complex systems, it seems like a hard sell to me, and probably magic to someone who doesn't understand it at all. What worries me most about complex systems like this is that it's much harder to obfuscate flaws in the system, or loopholes.
December 31, 2013, 07:50:45 PM
It's indeed a strong system compared to the must systems and altcurrencies that are trying to hold on!
Good post made hypostatization!
Good post made hypostatization!
December 31, 2013, 07:46:48 PM
yeap, computingforgood is very good move from xrp!
i wonder if this is the reason of #2 cap behind only BTC!
or are there other reasons as well?
i wonder if this is the reason of #2 cap behind only BTC!
or are there other reasons as well?
Ripple has performed well since November, largely due to Chinese adoption. Aside of early adopters, this went mostly unnoticed by the broader crypto currency community. It was off http://coinmarketcap.com/, but building steadily through November. Check the charts: https://ripplecharts.com/market/USD:Bitstamp/XRP
December 31, 2013, 07:44:18 PM
Bitcoin works because it's almost universally understood by the people who use it, even if only on a very basic level. I start reading about Ripple, and it all sounds good and clever and logical, but it puts me in mind of spaghetti code; all sorts of different ideas and concepts working together that it's not entirely clear what the system does. They may all be very good ideas, fantastic ideas even, but put enough good ideas together and you end up with unpredictable emergent behaviour. Maybe I'm biased as a programmer, but elegance to me should be one of the main goals for any POW, or even POS currency. To be honest I'm really not sold on POS at all. Not even POW with POS elements. I just think it does the opposite of what it claims.
Also a programmer here. It is worth checking out the code. Since Ripple is still in its early stages, it is going to take a while for all of the concepts to be clearly distilled for mass consumption.
December 31, 2013, 07:42:17 PM
yeap, computingforgood is very good move from xrp!
i wonder if this is the reason of #2 cap behind only BTC!
or are there other reasons as well?
i wonder if this is the reason of #2 cap behind only BTC!
or are there other reasons as well?
December 31, 2013, 07:41:09 PM
Ripple sounds wonderfully complicated and complex. I like POW crypto currency because it's elegant. Whatever Ripple is, it's not elegant.
PoW leads the day, and is the most understood, discussed, and explained system there is. Ripple is still in its early days of adoption.
Ripple offers a lot---certainly---but I would maintain it is one of the most elegant and well conceived systems around.
Bitcoin works because it's almost universally understood by the people who use it, even if only on a very basic level. I start reading about Ripple, and it all sounds good and clever and logical, but it puts me in mind of spaghetti code; all sorts of different ideas and concepts working together that it's not entirely clear what the system does. They may all be very good ideas, fantastic ideas even, but put enough good ideas together and you end up with unpredictable emergent behaviour. Maybe I'm biased as a programmer, but elegance to me should be one of the main goals for any POW, or even POS currency. To be honest I'm really not sold on POS at all. Not even POW with POS elements. I just think it does the opposite of what it claims.
December 31, 2013, 07:36:14 PM
99.5% of all ripple is still held by Developers of Ripple.
Sounds pretty centralized to me.
Sounds pretty centralized to me.
XRP is an infrastructure component. A small amount is destroyed with every transaction, to mitigate issues like DDOS attacks. It will be given away by Ripple Labs to spur adoption.
It is a single (and vital) component of the Ripple system, that supports the decentralized network---and allows for distributed transactions with all other currencies. XRP != Ripple. Ripple's decentralized benefits are (partially) enabled through it.
Note: while XRP cannot be mined, Ripple has undertaken an initiative to support the World Community Grid---similar to CureCoin and GridCoin:
https://www.computingforgood.org/
Ripple Labs is highly focused on distributing XRP, and has found a way to promote a great cause in turn.
December 31, 2013, 07:29:57 PM
Ripple sounds wonderfully complicated and complex. I like POW crypto currency because it's elegant. Whatever Ripple is, it's not elegant.
PoW leads the day, and is the most understood, discussed, and explained system there is. Ripple is still in its early days of adoption.
Ripple offers a lot---certainly---but I would maintain it is one of the most elegant and well conceived systems around.
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