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Topic: So, is Ripple a scam? - page 2. (Read 1161 times)

full member
Activity: 157
Merit: 100
Hello!
May 17, 2013, 04:23:58 PM
#8
Not a scam, just a debt based system which is not needed IMO. Plus OpenCoin holds all the XRP's, they decide what to do with them and they are needed to actually use your ripple account. Calling it a scam is silly, but it is a terrible idea.
member
Activity: 98
Merit: 10
May 17, 2013, 04:22:11 PM
#7
Ripple is what you would get if you took away all of the positives of Bitcoin and compiled the leftover mess into a currency.
member
Activity: 118
Merit: 10
May 17, 2013, 04:17:11 PM
#6
No this is not a scam. The difference, ripple is controlled by a company just like paypal, payza, moneybookers, libertyreserve, webmoney, perfectmoney. They are created for profit.
legendary
Activity: 1176
Merit: 1005
May 17, 2013, 04:12:15 PM
#5
I don't know whether it's a scam, though I suppose it could be some kind of premining scam. 

It just seems it has a number of serious flaws that could very well be fatal.  I'm staying away.
erk
hero member
Activity: 826
Merit: 500
May 16, 2013, 11:52:44 PM
#4
Ripple is not a coin, it's a kind of an IOU debt system, it has tokens, but that's the only similarity.

Who wants debt.
legendary
Activity: 1176
Merit: 1005
May 16, 2013, 11:44:30 PM
#3
I read the site http://ripplescam.org/, and compared it to my own observations. Everything seemed to check out.
For example, their "source code" that's linked in the footer is just some JavaScript UI stuff.
What are your opinions on this? It's centralized and closed source. But that doesn't necessarily mean it's a scam.

I'm not sure it's a scam but it certainly seems like a dreadful idea.
sr. member
Activity: 462
Merit: 251
May 16, 2013, 11:40:55 PM
#2
 Some folks here just have some buzz in their asses 'cause, for sure, ripple is the next big thing, but they can't be real early adopters and mine it en masse. Give them a coin or payment system you can't mine with their ASICs/GPU farms and you'll be claimed for scam. Just that. + some of them sold xpr receved in giveaway just like 18 times cheaper comparing to actual price - it made them hate the entire concept as well...
sr. member
Activity: 420
Merit: 250
May 16, 2013, 11:34:35 PM
#1
I read the site http://ripplescam.org/, and compared it to my own observations. Everything seemed to check out.
For example, their "source code" that's linked in the footer is just some JavaScript UI stuff.
What are your opinions on this? It's centralized and closed source. But that doesn't necessarily mean it's a scam.
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