What do you think about Ripple? | Bitcointalksearch.org

Eamorr

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Quote from: chennan on February 02, 2015, 03:06:22 AM

Ripple can be seen as some kind of application based on the cryptocurrency protocol in our real life. It belongs to one branch of Bitcoin.

But it's not a "branch" of Bitcoin.

You're "branch" idea is sorta like saying HTTP is a "branch" of Compuserve.

chennan

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Ripple can be seen as some kind of application based on the cryptocurrency protocol in our real life. It belongs to one branch of Bitcoin.

toknormal

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It's a bit pointless comparing Ripple to Bitcoin.

Bitcoin is an electronic monetary base.

Ripple is basically a bookkeeping system for secondary assets. The reason banks are interested in it is to transact in Fiat.

Quote from: TruthBear on January 31, 2015, 07:23:42 PM

Ripple = Facebook
Bitcoin = Myspace (except BTC will continue to be speculative but it won't have any real use, akin to LTC right now)

More like:

Ripple=concorde for airmail
Bitcoin=eMail

Eamorr

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Quote from: jt byte on January 31, 2015, 11:59:13 PM

It has popularity and popularity=value. It has nothing more...

You're right about popularity (more users = more demand for the limited supply of XRP), but you're wrong to think there's nothing more to Ripple.

Ripple's popularity is an order of magnitude (or two) below that of Ripple. Yet its market cap is only 1/6th or 1/7th that of Bitcoin. That's because of the huge potential of Ripple to integrate with legitimate global payment systems, the highly talented team (one of the world's top 50 smartest companies according to MIT Technology Review) and all the interactions with banks and governmental entities (such as the Federal Reserve).

jt byte

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It has popularity and popularity=value. It has nothing more...

CoinCidental

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Si vis pacem, para bellum

Ripple is gay /

TruthBear

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Quote from: Eamorr on January 31, 2015, 07:28:13 PM

Quote from: TruthBear on January 31, 2015, 07:23:42 PM

Ripple = Facebook
Bitcoin = Myspace (except BTC will continue to be speculative but it won't have any real use, akin to LTC right now)

Poor analogy if you ask me.

I prefer:
Bitcoin = lovely big old steam engine - powerhouse of the industrial revolution
Ripple = fast, aerodynamic Japanese bullet train

lol so true. i'm still getting used to 5 second transactions Kiss

Eamorr

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Quote from: cakir on January 31, 2015, 07:25:54 PM

Meh.
Ripple is not a competitor of BTC. It's a payment protocol. Bitcoin is not.

Sure. That's because Ripple have their sights on global commerce - Bitcoin will only ever be a geeky/niche/faddish hobby for a small number of people. Plus, the inflexibility of Bitcoin's design means it's not capable of scaling (either technically or in terms of the capability of the engineering team). The Bitcoin brand is toxic (drugs, money laundering, child porn, tax evasion, terrorism, illegal firearm sales, etc.). And the electricity usage is obscene.

For those who still want to use Bitcoin, there are many Bitcoin gateways into (and out of) Ripple.

Eamorr

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Quote from: TruthBear on January 31, 2015, 07:23:42 PM

Ripple = Facebook
Bitcoin = Myspace (except BTC will continue to be speculative but it won't have any real use, akin to LTC right now)

Poor analogy if you ask me.

I prefer:
Bitcoin = lovely big old steam engine - powerhouse of the industrial revolution
Ripple = fast, aerodynamic Japanese bullet train

cakir

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