Ripple is interesting new concept.
I used to lose lot of money through all these exchangers via different payment processors.
Banks are very slow and expensive in fees.
And all payments processors are extremely unreliable.
They can be just shut down by their owner at any time, like e-gold or just lock your account for very vague reason like PayPal or LR.
I hope Ripple will be real answer for this kind of problems.
Topic: Ripples? (Read 496 times)
I think ripple is a very exciting new development.
This is a video explaining how it works:
http://www.youtube.com/watch?v=xgGcVv04unM
Once capital controls go full swing in the developed world, with bank holidays, etc., this could very well become adopted by the general (internet) population.
Why I think that? Because it's how the Russians used to trade with one another during the ruble crisis, be it then 1000x more efficient:
http://www.youtube.com/watch?v=nCq8TrfYlzc (from 5:30).
This is a video explaining how it works:
http://www.youtube.com/watch?v=xgGcVv04unM
Once capital controls go full swing in the developed world, with bank holidays, etc., this could very well become adopted by the general (internet) population.
Why I think that? Because it's how the Russians used to trade with one another during the ruble crisis, be it then 1000x more efficient:
http://www.youtube.com/watch?v=nCq8TrfYlzc (from 5:30).
I would exchange your ripples for bitcoins any time
Although bitcoin has provided remarkable gain as measured in other currencies, its deeper significance is its underlying architecture. The same will apply to Ripple, not instead of bitcoin, but 'in-addition-to'.
Keep, or use, your first ripples as an opportunity to dabble in something that closely resembles what international and 'foreign' exchange will soon become and long remain.
pb
I don't understand how anyone could compare Ripple to other crypto currency! its nothing alike!
I don't really get the whole thing with Ripple.
I've read a lot about it and still seeing it impractical, opaque and hard to learn for ordinary people....
I've read a lot about it and still seeing it impractical, opaque and hard to learn for ordinary people....
Don't worry. I don't get it either.
1 BTC is equal to roughly 50,000 xRP
Ripples are great..big fan here.
1 BTC is equal to roughly 50,000 xRP
I don't really get the whole thing with Ripple.
I've read a lot about it and still seeing it impractical, opaque and hard to learn for ordinary people....
I've read a lot about it and still seeing it impractical, opaque and hard to learn for ordinary people....
I would exchange your ripples for bitcoins any time
I'm thinking that I should hold onto them for as long as I can, just in case, but out of curiosity, how much are they going for these days? =)
I would exchange your ripples for bitcoins any time
Are still them giving some free ones?
http://en.wikipedia.org/wiki/Ripple_monetary_system can explain it better than I can. All I know is that I have 10,000 of them and they aren't worth much if anything. =)
Can somebody explain this better than the webpage? I just saw it on Bitstamp and I would like to know more about it. Thanks
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