Topic: Ripple trying to take over the Bitcoin Discussion thread - page 2. (Read 3847 times)

Instead everything can go through the new central Ripple bank.

Unless you only ever use cash and bitcoins, you do deal in debt.

Do you deposit money in a bank account? That is accepting Bank IOUs for your cash. Do you ever give somebody a check? That is giving that person an IOU. Later they give it to their bank and that bank gives it to your bank, and then your IOU is used to cancel some of the bank IOUs. Ripple just makes these relationships more explicit and open, not everything has to go through the central bank anymore.

I try not to deal in debt in the real world, why would I deal in debt on the internet??  Stick to Bitcoin, its a better idea.

This is probably off-topic to the discussion at hand, but the answer is easy enough.

You really don't need many ripples to do that, 200 will cover the account reserve requirement, then it costs one transaction fee (0.000001 XRP, I think) to send the IOU. As long as the person you are sending to has the reserve ripples in their account and has trusted you, if they trust you for 100 billion BTC, then you can send that 100 billion BTC IOU using the 0.000001 XRP.

so very true Rand Paul also a disgusting bought and paid for sell out..

This is a good idea, along with the one discussing distributed exchanges to project development. Bitcoin Discussion should stay Bitcoin discussion, service discussion is probably relevant enough for ripple. Never liked moving them to alt currencies much cause it isn't really an alt currency, besides XRP itself.  

Or.. perhaps the forum could have an "anything realted to alt coin goes to alt crypto" policy.

Perhaps non-XRP Ripple threads could even have their own section in Service Discussion so that people who don't want to see them could use the ignore board feature.

+1 - This sounds fair and is descriptive. As more alt currencies and other means of payment/funding/etc are discovered the board will just clutter.

I also get the feeling that people in Ripple community are trying to infiltrate the BTC community (excluding the mod ;-)

+1

I already said this. Ripple creators are sneaky, scammy bastards.

I don't care about the future when/if they open the sources. I care about right now. And as of today Ripple is a centralized, closed source, despicable SCAM.


Completely agreed.

+1
Ripple... first heard of it years ago...seemed sketch then. And then it was flooded on a certain a-no-no-mouse imgeboard. Im pretty sure the trust thing is utterly compromised. NosirIdontlikeit.
MODS MODS MODS MODS...

Ripple is the first attempt to bring corporate culture and multi-level marketing to crypto-currency.

Anyone familiar with these tactics can clearly see Ripple for what it is. Its a bold and brash attempt to cash in on Bitcoin.

Personally, I find Ripple and the shills who spam its "features" to be nauseating.

It is probably working as following:
- a lot of trolls are payed with ripple to fool bitcoiners
- some subforum administrators eventually are treated with lawyer if they don't delete ripple critical comments (registered name)
If this doesn't work then may be they could be bribed with ripples.
Under claiming to reward active members they are rewarding those who are making positive posts about ripple. (Even if they are not corresponding the truth.)

Give that crap it's own sub-forum so i can ignore it.

Everything is so much clearer when they say something so fucking stupid,

so ripple... Which itself is not open source yet. ?. Has succeeded! Where open transactions a clearly superior system still under active development and testing has failed already?

Hmm do you know the project very well?



Fair enough. Although there's an IRC channel where plenty of support can be had.

(There are nearly 50 people logged in there right now.)


I have too much respect for other developers to be bashing Ripple or any other project. Especially since one of the purposes of OT is to popularize concepts for other developers to adopt. (Success is in all of our interests.)

That having been said, characterizing OT as "failed" is a bit ridiculous in my opinion.

--- Open-Transactions is the only open-source project that does many of the things that it does, or that combines them into a single project.

For example:

1. Untraceable cash.
2. Ricardian contracts.
3. Ability to process transactions without storing a receipt history.
4. Fully-functional smart contracts.
5. Built-in client-side scripting.
6. A full range of instruments such as cheques, cash, cashier's cheques, invoices, etc.
7. Basket currencies.
8. Recurring transactions.
9. Escrow.
10. Issue stocks and pay dividends.
11. Fully cross-platform and cross-language.

Etc. All of this is fully-functional now. And it's free and open-source, with no ulterior motives.

--- OT has been undergoing protocol testing, load testing, and real-world testing for a couple of years now. A unit test suite has started to materialize. The complete code has been available for inspection by the open-source community. There are a number of contributors. (See the commit history...)

--- OT is being integrated into a number of projects, including OpenSim. Independent developers are using it (I would know -- I provide free support for them.)

--- Tarballs and install programs are starting to appear, as well as the ability to install via apt-get.

(And I am not the one doing those things -- the open source community is.)

--- Commercial clients are also being developed for OT, and not just by Monetas (my own effort--which recently closed its seed round.)

I am a fan of Ripple, and I hope their technology proves out and that they are successful. And I'm flattered to see my project compared to it, even through the two projects really are apples and oranges.

I really don't want to turn any Ripple threads into discussions on the benefits of Open-Transactions, but if the discussion begins to hinge on my project instead of theirs, then I'm going to be forced to pop up and respond.

I hope you understand.

Hey do why dont you post your thread in the Alt-crypto section? Huh?

+1

XRP threads go in Alt Currencies. Ripple threads go in Service Discussion. Easy. Now you know where to move your two threads. Thanks.