Ripple seems too simple (compared to Bitcoin)? Maybe that's a good thing!

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: pumbum on July 05, 2018, 08:07:02 AM

why do you need to think much about security if it is not used for transactions. if I understood correctly, what exactly is used for transactions is another ripple, which is not traded on the exchange, but only is a common technology of banks, but not cryptocurrency. All the time often saw a different situation when it was really the opposite, not the way most people think

I would love ripple if its not the way they keep the tokens.
ripple price is just based on the hype and fud, its price is basically with bitcoin dollars.
i hope people will someday understand that ripple is just a money making of the developer.

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: pumbum on July 05, 2018, 08:07:02 AM

why do you need to think much about security if it is not used for transactions. if I understood correctly, what exactly is used for transactions is another ripple, which is not traded on the exchange, but only is a common technology of banks, but not cryptocurrency. All the time often saw a different situation when it was really the opposite, not the way most people think

I would love ripple if its not the way they keep the tokens.
ripple price is just based on the hype and fud, its price is basically with bitcoin dollars.
i hope people will someday understand that ripple is just a money making of the developer. 

pumbum

full member

Activity: 434

Merit: 100

why do you need to think much about security if it is not used for transactions. if I understood correctly, what exactly is used for transactions is another ripple, which is not traded on the exchange, but only is a common technology of banks, but not cryptocurrency. All the time often saw a different situation when it was really the opposite, not the way most people think

inillo

member

Activity: 254

Merit: 18

Ripple is owned just by one guy and does not seem to care much about the veracity of the news that populate the internet and this forum. I would not consider hodling.

platinov_and

full member

Activity: 364

Merit: 110

SPOKKZ

I do not like Ripple at all. It seems to me that this coin is controlled by banks and does not benefit people. If, this coin will become decentralized, it will be very good!

carlowell

member

Activity: 168

Merit: 10

Presale Starting May 1st

Quote from: chriswilmer on February 10, 2013, 06:58:57 PM

When I read the Ripple wiki on consensus mining, it all seemed too easy. I mean, if it works, great... but somehow Bitcoin's approach seems so much more rigorous in its security. I would love to read a head-to-head comparison of the security of the Bitcoin ledger vs. the Ripple ledger.

Ripple is the leader of the billion supply coin group so it's pretty normal that Ripple isn't increasing it's price value even after a very long time.
But Ripple is faster than Bitcoin and it's hard forks, Ethereum, NEO and other Top Altcoin in the crypto market.
Ripple will indeed grow begged after time because there are already numbers of giant companies were partnering Ripple to offer more flexibility to each companies to their clients and customers.
I invested Ripple last year and now I am holding it for my long term goals.

Valer4ik

full member

Activity: 490

Merit: 101

Ripple and its supporters believe that the reason for the banks still have; more precisely, that the company can create it. Often the products on the XRP registry are compared to the Trojan horse; and as soon as Ripple's "horses" are placed in a sufficient number of banks around the world, the XRP will collapse into an unsuspecting financial system.

This is happening now: Ripple is already convincing its partners using xCurrent to switch to xRapid for additional liquidity.

Liquid

hero member

Activity: 826

Merit: 500

Crypto Somnium

Can someone please send me a coin thanks Cheesy

rsuvuGXuWdoRUJXiLQ7z9kyM4tjuXgrZJs

Monster Tent

full member

Activity: 238

Merit: 100

Ripple is basically a competitor to this http://en.wikipedia.org/wiki/Fedwire as the banks would be analogous to trust nodes.

jtimon

legendary

Activity: 1372

Merit: 1002

+1

But although I'm very optimistic about Ripple, let's not forget that bitcoin security model has been proven for 4 years on production, while Ripple is still young software.

The "transitive credit" concept behind it has worked on small groups and local currency-like contexts. Now the challenge is taking it to the next level by also having B2B (Business To Business) mutual credit like WIR, C3 or so called barter systems. And have all those local systems interconnected.

I don't think it's simple, it has so many use cases that you're forced somehow to restructure all your thoughts on credit and money.
Repeating myself...this video helped me to that: http://www.youtube.com/watch?v=ySzqM5dpF7s

slothbag

sr. member

Activity: 369

Merit: 250

Bitcoin mining was meant to distribute the security of the network to as many people as possible, unfortunately with mining pools Bitcoin has now put the bulk of the security into the hands of a dozen or so pools (p2pool the exception) that we trust not to collude, and this will probably only get smaller as competition increases and only the specialized remain.

The ripple guys said why not cut out the middle man and just choose who you trust not to collude explicitly.. While I feel the Bitcoin model is probably a little more secure, I think the Ripple model will work sufficently and will save a lot of energy.

chriswilmer

legendary

Activity: 1008

Merit: 1000

When I read the Ripple wiki on consensus mining, it all seemed too easy. I mean, if it works, great... but somehow Bitcoin's approach seems so much more rigorous in its security. I would love to read a head-to-head comparison of the security of the Bitcoin ledger vs. the Ripple ledger.

Topic: Ripple seems too simple (compared to Bitcoin)? Maybe that's a good thing! (Read 778 times)