Ripple: The Best Way To Legitimize Bitcoin - page 6.

OnkelPaul

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Quote from: Mitchell on December 13, 2013, 05:03:52 AM

Care to explain how one would still have access to the funds? As far as I know everything is controlled from their website.

No it isn't.
You normally use the web client that's served from their site, but you don't have to (it's just convenient).
You can download the client and run it from your local computer (if you have a small web server installed) or run it from another web server anywhere. Building the client is a bit complicated, it requires the "grunt" system and node.js, and you need a fairly recent version for that. Don't know exactly which platforms are supported, ubuntu 12.04 LTS (which I use here on this computer) isn't :-(
Second, you need to connect to a ripple server. The default configuration connects to the servers operated by Ripple Labs, but you can connect to any other server instead if you like. At the moment I don't know of other publicly accessible servers though, and I did not set up a server myself, so currently I'm using their servers.

Onkel Paul

Mitchell

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Verified awesomeness ✔

Care to explain how one would still have access to the funds? As far as I know everything is controlled from their website.

mmeijeri

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Martijn Meijering

It wouldn't matter if Ripple Labs went down, you would simply have to talk to a different server, maybe your own. It would be like blockchain.info going down. Actually, even less than that since you would still have access to your funds.

Mitchell

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As soon as their website is down, Ripple will be down too. You won't be able to access the Bitcoins and Ripples that you have in your account. That should say enough, right? It's like a web wallet, but 10 times worse.

mmeijeri

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Martijn Meijering

Quote from: JohnsonRobinson on December 12, 2013, 10:50:07 PM

Ripple is, I believe, a lot more in line with Central Banking ideology than other cryptocoins. It is distributed but not decentralized. But they claim the opposite.

Its architecture is fully decentralised.

Papacrusher

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Quote from: bibbit on December 13, 2013, 02:46:20 AM

Quote from: nahtnam on December 11, 2013, 12:00:37 PM

Also now that its "open source" are you able to mine it?

Being Open Source has nothing to do with mining, but if you want to use your computer to crunch numbers and get XRP, you can do that.

Go to www.ComputingForGood.org and get started. One big difference is that when you trade computation for XRP, you aren't just generating heat like with Bitcoin mining. Instead, you are crunching results for scientific research (mostly AIDS and research).

I've read about this before, but just recently signed up for it. My computer is by no means a mean machine Grin

, but every little bit helps right?

bibbit

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Quote from: nahtnam on December 12, 2013, 08:31:23 PM

Whats funny is that Ripple inst (fully) open source. They are like twitter, claiming to be open source because a tiny part of their script is online.

And what part, exactly, is not open source?

Just visit the ripple code repository on github: https://github.com/ripple/

They have open sourced:

The full server: rippled
The web client
Java, JavaScript, and Ruby libraries for the API
The ripplecharts.com code
The blobvault for the wallet
The network graph site code
and a bunch of other minor stuff

Anything else, like an android wallet or web shopping cart, either hasn't been written yet or is not yet at a point where it is being used either as open or closed source.

Go look. It is all right there at github.

bibbit

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Quote from: nahtnam on December 11, 2013, 12:00:37 PM

Also now that its "open source" are you able to mine it?

Being Open Source has nothing to do with mining, but if you want to use your computer to crunch numbers and get XRP, you can do that.

Go to www.ComputingForGood.org and get started. One big difference is that when you trade computation for XRP, you aren't just generating heat like with Bitcoin mining. Instead, you are crunching results for scientific research (mostly AIDS and research).

JohnsonRobinson

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Ripple is, I believe, a lot more in line with Central Banking ideology than other cryptocoins. It is distributed but not decentralized. But they claim the opposite.

MAbtc

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Quote from: PirateButtercup on December 09, 2013, 10:53:45 AM

Quote from: Aahzman on December 09, 2013, 07:29:47 AM

I had 40K ripple. I tried to move it to my WeExchange account. It "got lost", and was never seen again, despite transaction confirmations and info.

Obviously, I'm a noob on this forum. I'm not trying an ad hominem attack, but....why do they have SCAMMER written under your username?

IIRC, he scammed a bunch of people in the marketplace.

nahtnam

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Quote from: masyveonk on December 12, 2013, 09:06:51 PM

Quote from: nahtnam on December 12, 2013, 08:31:23 PM

Whats funny is that Ripple inst (fully) open source. They are like twitter, claiming to be open source because a tiny part of their script is online.

Your right, Ripple is affraid their brand is not recognized enough to allow publish full open source, and they are right

Even twitter didnt release their code fully.

masyveonk

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Quote from: nahtnam on December 12, 2013, 08:31:23 PM

Whats funny is that Ripple inst (fully) open source. They are like twitter, claiming to be open source because a tiny part of their script is online.

Your right, Ripple is affraid their brand is not recognized enough to allow publish full open source, and they are right

nahtnam

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Quote from: PirateButtercup on December 12, 2013, 05:28:50 AM

Quote from: tehbizz on December 11, 2013, 05:43:39 PM

Hasn't anyone figured out that this is just a PR thread for Ripple? Seems they hired a very exuberant intern to post on forums.

Actually, I'm an English teacher in Saudi Arabia.

I remember the internet before http
I remember emails before smtp
I remember instant messaging before they could cross communicate.

I also remember Beta vs VHS. The superior platform lost...not due to performance, but due to misinformation and marketing.

I loathe paying fees to banks. I cringe every time I exchange currencies. I am frustrated by the days it takes to transfer money. I am very leery of fiat currencies.

I see that Ripple is a better 'mouse trap'...that's open source...and saves me and everyone else a buttload of money. I would hate to see it fail for a non-legit reason. I have...and will continue to...research the hell out of it. Thus far, I can't find any chinks in it's armor. If you can point to something specific, and provide verifiable evidence to support your position, for goodness sake LMK so that I can get out....

Whats funny is that Ripple inst (fully) open source. They are like twitter, claiming to be open source because a tiny part of their script is online.

PirateButtercup

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Quote from: tehbizz on December 11, 2013, 05:43:39 PM

Hasn't anyone figured out that this is just a PR thread for Ripple? Seems they hired a very exuberant intern to post on forums.

Actually, I'm an English teacher in Saudi Arabia.

I remember the internet before http
I remember emails before smtp
I remember instant messaging before they could cross communicate.

I also remember Beta vs VHS. The superior platform lost...not due to performance, but due to misinformation and marketing.

I loathe paying fees to banks. I cringe every time I exchange currencies. I am frustrated by the days it takes to transfer money. I am very leery of fiat currencies.

I see that Ripple is a better 'mouse trap'...that's open source...and saves me and everyone else a buttload of money. I would hate to see it fail for a non-legit reason. I have...and will continue to...research the hell out of it. Thus far, I can't find any chinks in it's armor. If you can point to something specific, and provide verifiable evidence to support your position, for goodness sake LMK so that I can get out....

passwordistaco

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Quote from: tehbizz on December 11, 2013, 05:43:39 PM

Hasn't anyone figured out that this is just a PR thread for Ripple? Seems they hired a very exuberant intern to post on forums.

exactly what i was thinking, ripple is certainly interesting and i will keep my eye on it but im not exactly rushing off to deposit my money.

nahtnam

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nahtnam.com

Quote from: PirateButtercup on December 11, 2013, 12:15:22 PM

Quote from: nahtnam on December 10, 2013, 09:44:53 PM

Quote from: PirateButtercup on December 10, 2013, 02:34:35 AM

Quote from: nahtnam on December 09, 2013, 08:18:54 PM

Quote from: Mitchell on December 09, 2013, 06:50:04 AM

Quote from: PirateButtercup on December 09, 2013, 06:46:57 AM

Quote from: Mitchell on December 09, 2013, 06:34:24 AM

Ripple is dead and has never lived. Just look at what TF could do with it. It's unreliable and not trustworthy.

Jeeze, dude...Ripple just went Open Source a little over a month ago....and has since gotten millions in venture capital backing from Google Venture, Andreessen Horowitz, et al. Ripple is adding hundreds of new accounts a day, have more than doubled the number of gateways, and volume has been steadily rising in every currency.

Perhaps you prefer being slave to bank fees and slow transaction times....I don't.

I prefer security and if slow transactions (10 minutes ain't slow) and fee's (which is only 13 euro cents at the current market price) are required for that, I will take it with both hands. TradeFortress scammed a shitload of people with fake Ripple shit. Have fun with your insecure network.

What did tf do exactly with ripple? Also ya ripple is a mixture of paypal and bitcoin. If this were math, this would be the equation: 0 (paypal) * 10 (bitcoin) = 0 (ripple)! Cheesy

I'm sorry, I've read your post several times and it simply doesn't make any sense to me. Why are you multiplying 0 times 10 exactly? What does the 0 represent? Why are you multiplying...in lieu of squaring, subtracting, dividing, etc.? Are you talking about XRP or the Ripple system? Again....perhaps I'm a bit daft, but I'm not getting the meaning of your post at all.

0 is what its ranked. IMO paypal sucks. 10 = bitcoin = AWESOME. I multiplied so I can get 0 which is what I think that ripple is. Its a mix between paypal and BTC and thats just not right.

So, since

0 = the number of facts you present about paypal

0 = the relevance of paypal to this topic thread

0 = the number of facts used to quality your position about BTC

0 = is the amount of logic behind your choice to multiply

Then….

0 = is the amount that I care.

If you cannot support your position with one shred of empirical evidence, then please don’t waste my time nor that of the reader’s of this forum with your inane babble.

Paypal. Many people have issue with them. It doesnt affect people in their daily life and isnt really that bad for sending moeny to relatives but when it comes down to preordering things, bitcoin, and chargeback, things go to hell.

I see ripple as a mix of paypal and btc

This is the bitcoin forums. Spend some time and you will see all the pros.

I guess you could add and then divide by two (get the average), but all in all ripple doesnt beat btc in any way.

tehbizz

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Hasn't anyone figured out that this is just a PR thread for Ripple? Seems they hired a very exuberant intern to post on forums.

PirateButtercup

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Quote from: LudwigW on December 11, 2013, 01:17:31 PM

I recently realized that Bitcoin is actually quite similar to Ripple in the sense that in both cases there are 2 elements: a currency and a network/protocol.

In Ripple the currency is used as a kind of reserve currency to facilitate exchanges between two other currencies and as a way to avoid spam (because you have to send a small amount in XRP to send money). And in Bitcoin to be able to use the network/protocol function (even if the application or protocol you are using concerns 'non-bitcoin functions such as notary services or exchanges between different currencies or transferring ownership titles to stocks or other goods) you have to secure spots in the ledger, and these spots are bitcoins.

So both in Ripple and in Bitcoin the demand for their respective currencies springs in part from the fact that you need them in order to be able to use the network function.

Apparently there is a bridge between them as well. Bitcoin can be sent directly to and from a Ripple account without the need of a gateway.

You are right that they both serve a functional value. With Bitcoin, it is the Bitcoin itself that has value. With Ripple, it is the system that has significance...specifically it's ability to deal with ANYTHING that has value.....frequent flier miles, dollars, dunkin' doughnut credits, Bitcoin, euros, etc.

Comparing Bitcoin and XRP is like comparing a bowling ball to the ball bearings in the auto-return at a bowling alley. One has value to the game, the other has value to the machinery that allows for the game to be played more efficiently.

PirateButtercup

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Quote from: dancupid on December 11, 2013, 01:38:50 PM

Quote from: PirateButtercup on December 08, 2013, 07:02:33 PM

Ripple is simply amazing!!

If you don’t know, Ripple is actually 3 different things…

1. It is an internet protocol (like FTP, HTTP, etc.) designed for the sole purpose to federate existing financial systems the same way SMTP brought all the different email companies under one umbrella.

2. It is a market place that allows for the exchange and sale of fiat and crypto currencies.

3. It is a currency created, not to hold value, but to lubricate the system. By charging .00001 XRP per transaction …. on a scale that proportionally increases to the volume of transactions the sender creates…..it prevents spam and defends against denial of service attacks.

Comparing fiat and crypto currencies to one another is similar to comparing different kinds of cars with different features. Dollars, Bitcoin, euros, litecoin, sterling….they all have something that make them stand out.

Ripple is VERY different. Ripple is the market place to buy and sell those cars and… more importantly .. the road on which they can faster than ever before!!!

I LOVE Bitcoin...that's why I'm using Ripple....I want to see Bitcoin succeed!!!!

(If you MUST have a conceptual comparison, try this: email meets bitcoin meets western union meets the forex)

Anyone want these? They look like bitcoins don't they?
You want them? just post your ripple address and trust me for 4 'bitcoins' and I'll send them to you.

I tell you what, I'll write you a check for 'em. In fact, I'll write you a check for a million dollars apiece.

You will accept a check, right? Checks....also known as IOUs....have been a cornerstone of the finance industry for centuries. Surely you would take my million dollar check then, right?

If you can find someone stupid enough to accept 'bitcoin checks' issued by dancupid, then send them on to me when your done...I'll see what they'll take for a million dollar check....or some magic beans....

You obviously have to exercise due diligence whenever you deposit your money anywhere....an online broker, a bank, a gateway, a mutual fund, etc. A person's willingness to accept a bad check is not a condemnation of the system.

dancupid

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Quote from: PirateButtercup on December 08, 2013, 07:02:33 PM

Ripple is simply amazing!!

If you don’t know, Ripple is actually 3 different things…

1. It is an internet protocol (like FTP, HTTP, etc.) designed for the sole purpose to federate existing financial systems the same way SMTP brought all the different email companies under one umbrella.

2. It is a market place that allows for the exchange and sale of fiat and crypto currencies.

3. It is a currency created, not to hold value, but to lubricate the system. By charging .00001 XRP per transaction …. on a scale that proportionally increases to the volume of transactions the sender creates…..it prevents spam and defends against denial of service attacks.

Comparing fiat and crypto currencies to one another is similar to comparing different kinds of cars with different features. Dollars, Bitcoin, euros, litecoin, sterling….they all have something that make them stand out.

Ripple is VERY different. Ripple is the market place to buy and sell those cars and… more importantly .. the road on which they can faster than ever before!!!

I LOVE Bitcoin...that's why I'm using Ripple....I want to see Bitcoin succeed!!!!

(If you MUST have a conceptual comparison, try this: email meets bitcoin meets western union meets the forex)

Anyone want these? They look like bitcoins don't they?
You want them? just post your ripple address and trust me for 4 'bitcoins' and I'll send them to you.

Topic: Ripple: The Best Way To Legitimize Bitcoin - page 6. (Read 13027 times)