Why bitcoiners are upset about ripple?

BitJohn

hero member

Activity: 826

Merit: 1001

@Bit_John

Quote from: Spoetnik on November 17, 2014, 07:31:26 AM

Quote from: FlipPro on November 16, 2014, 05:41:32 PM

Quote from: Spoetnik on November 15, 2014, 02:48:30 AM

Simple.. it was premined 100%

All coins that are premined 100% are scammy period. /case closed

edit:
They also started a massive giveaway here tricking everyone on the forum to sign up at a site for coins but never gave any out.
i fell for it too Sad

see this..
Do you think coins with (full) IPO/premines will succeed and be popular/mainstream?

You can't premine a mine-less currency.

Get your facts straight.

I did..

The fact that you can not mine Ripple means by earlier comment was invalid.. right ? brutally deadly slap in the face obvious ?
There for SMART PEOPLE understood i did NOT mean that in a specific technical precise way. Wink

same shit, different mutha' fuckin' pile Cheesy

Ripple does not deserve technical explanation for me its a tired old pile of bullshit i was sick of talking about a year ago.. fuck Ripple and it's "facts" ROFL

It's obvious some Bitcoiners wanted to get in on the Altcoin game and got suckered into Ripple Loooooong ago.. good luck with that Roll Eyes

You would have been better off with damn near any other coin that Ripple hahhaha

OR THESE GUYS MADE IT !
You know the type.. the Hero's and Legends of any other forum section here.. Ripple is their cum filled ass of faggotry we Altcoiner's laughed at since day one !

I think people get wrapped around the XRP aspect of Ripple which is such a small piece of what the Ripple network is. Honestly it took me almost a year to really dig in and figure it out. Once we moved towards integration I started seeing the advantages of Ripple the network. Debate about the coin aspect all day sure, but the network is really worth looking into. You will of course need about 50-100 XRP to get started but honestly I think that is less than a penny. https://www.cryptsy.com/markets/view/XRP_BTC

Snail2

legendary

Activity: 1512

Merit: 1000

Quote from: Fraxinus on December 27, 2013, 04:17:53 AM

http://ripplescam.org/

Found this site interesting

Forget about ripplescam.org. As far as I know that's site belongs to a well known scammer here, who seen ripple for some reason as a threat for his business.

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Quote from: FlipPro on November 16, 2014, 05:41:32 PM

Quote from: Spoetnik on November 15, 2014, 02:48:30 AM

Simple.. it was premined 100%

All coins that are premined 100% are scammy period. /case closed

edit:
They also started a massive giveaway here tricking everyone on the forum to sign up at a site for coins but never gave any out.
i fell for it too Sad

see this..
Do you think coins with (full) IPO/premines will succeed and be popular/mainstream?

You can't premine a mine-less currency.

Get your facts straight.

I did..

The fact that you can not mine Ripple means by earlier comment was invalid.. right ? brutally deadly slap in the face obvious ?
There for SMART PEOPLE understood i did NOT mean that in a specific technical precise way. Wink

same shit, different mutha' fuckin' pile Cheesy

Ripple does not deserve technical explanation for me its a tired old pile of bullshit i was sick of talking about a year ago.. fuck Ripple and it's "facts" ROFL

It's obvious some Bitcoiners wanted to get in on the Altcoin game and got suckered into Ripple Loooooong ago.. good luck with that Roll Eyes

You would have been better off with damn near any other coin that Ripple hahhaha

OR THESE GUYS MADE IT !
You know the type.. the Hero's and Legends of any other forum section here.. Ripple is their cum filled ass of faggotry we Altcoiner's laughed at since day one !

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: Spoetnik on November 15, 2014, 02:48:30 AM

Simple.. it was premined 100%

All coins that are premined 100% are scammy period. /case closed

edit:
They also started a massive giveaway here tricking everyone on the forum to sign up at a site for coins but never gave any out.
i fell for it too Sad

see this..
Do you think coins with (full) IPO/premines will succeed and be popular/mainstream?

You can't premine a mine-less currency.

Get your facts straight.

Sukrim

legendary

Activity: 2618

Merit: 1007

I don't consider 100 USD "investing"... Wink

Feel free to play the altcoin lottery if you like that kinda stuff, it's nothing for me.

God27

sr. member

Activity: 364

Merit: 250

The 4th industrial revolution!

The ripple protocol is definitely worth trying out. These were bitcoiners that produced it. However, as Sukrim consistently states he wouldn't invest in XRP, I say why not throw $100 at it and let the dumb speculation take it to the ATH again one day and use that 2K profit for more bitcoin or whatever you prefer.

var53

sr. member

Activity: 345

Merit: 250

Quote from: lemfuture on November 16, 2014, 12:37:24 PM

i am a bitcoiner but what is ripple?

You can find out about it at the Ripple forum here.

https://xrptalk.org/

Sukrim

legendary

Activity: 2618

Merit: 1007

Quote from: DrGrid on November 16, 2014, 02:08:38 PM

Is there actually a causal reason for them holding the overwhelming majority of coins? I don't see why XRP couldn't just be mined.

As Ripple does not use PoW to secure their block chain, the distribution of native currency is not given by hashrate distribution. In practice you can get enough XRP for a long time for the price of a hamburger and won't need to use XRP after that, so unless you want to speculate on their value (which is something I wouldn't recommend personally), you don't need to care about how much they are worth anyways.

DrGrid

member

Activity: 101

Merit: 10

Is there actually a causal reason for them holding the overwhelming majority of coins? I don't see why XRP couldn't just be mined.

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

@Stealthcoin

FACT !

And these dumb ass bag holders are scared your bashing their shit scam investment.. fuck em and fuck Ripple too !

Invest in this crap all you want.. i would literally burn my money with a lighter before i touched this colossal faggotry !

hey i took a shit on the floor wanna take turns handing over all your bitcoin ? i promise i won't spend my huge free shit i got until a year has passed Roll Eyes

kinda funny Cryptsy added this garbage too and how often do you see then talk in the Altcoin section ?
me thinks they are busy with alternate accounts or building a "legendary" rep in other forum sections LOL

RIPPLE ? ROFL
fuck off it's not funny anymore.. yeah a year ago we all laughed at it but the joke isn't funny anymore.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: rugrats on November 15, 2014, 12:34:05 AM

Quote from: Mitzplik on November 23, 2013, 07:48:23 AM

Hi, Im relatively new in cryptocurrencies matter, Ive been studying mainly Bitcoin and Ripple. Im not attached to none of them, for the moment I am just sniffing around.

Since I started to read articles and forums about them I saw two different systems, nailing different aspects of digital value exchanging.

(1) I realized that bitcoin is designed to be digital money, if there was a digital human being, this would be like gold to him. It has many characteristics of money but its virtual, it has no physical existence, and there is a protocol to send/receive it. Its may be a new asset or a mean to exchange real assets, a convertible cryptocurrency. Because it has no real existence, its durability is uncertain in the real world, making its "money" side fragile. Its convertible currency's side remains very strong because of its code's strength and safety.

Today what I see is Bitcoin being used as a convertible currency, one success case is BitPay, which does the conversion for merchants to receive the currency they want. Bitcoin believers and speculators may accept bitcoin directly, but they are not the majority.

Ripple on the other hand is an agnostic protocol for exchanging unique tokens, that can have any meaning. For example Bitstamp-USD or BTC is a meaning, GDW-Goodwill is a completely different meaning, etc. And its has a native convertible cryptocurrency that serves as a common language between the other tokens, but its not intended to be a store of value. The thing is that they are all already created and significantly held by their creators. So I think ripple main proposition is to serve as a protocol for many assets and profit from XRP valuation as long as it become more useful.

Both protocols work very fine but (2) I see anger from bitcoiners to ripple, but don't see anger from ripplers to bitcoiners.

The argument that ripple is a "get rich scheme" is not valid because bitcoin made Satoshi a millionaire and he mined a lot of bitcoins almost alone. And many people use bitcoin protocol to get rich (speculating or scamming).

Now people can "mine" XRPs trough WCG, donating computing power to a charity purpose, that sound cool.

(3) Are the protocols competitors?

(4) Do bitcoiners think ripple is a threat? Why?

I thought it could be that bitcoin entrepreneurs are very attached to bitcoin valuation, maybe some of them?
(5) Or ripple is a threat to the idealistic side of bitcoin, a crypto anarchy?

Or what?

Thanks

(1) Satoshi designed Bitcoin as an alternative (or replacement, depending on who you ask) to the existing fiat currency model. The term "digital money" which you assigned to Bitcoin, actually describes Ripple better.

(2) Could you demonstrate this? I am quite curious. Aside from the occasional random forum posts, I've never seen this anger.

(3) Bitcoin is not a protocol in the Ripple sense of the word. It represents a generational leap in technological and socioeconomic evolution that began when Gork bartered his second wife for Ooga's three deer skins.

(4) During our last secret meeting, Bitcoiners of the world has agreed to not see Ripple as a threat. In fact, for many of us, we don't see Ripple at all.

(5) It's never a good idea to seek enlightenment from a loud but tiny minority.

I'm a Bitcoiner, but I can see maybe my mom might like Ripple Grin

lemfuture

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Merit: 500

i am a bitcoiner but what is ripple?

Sukrim

legendary

Activity: 2618

Merit: 1007

I am a "Bitcoiner", I don't hate Ripple and no, they can NOT implement a "kill switch".

Sukrim

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Activity: 2618

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Quote from: ?? on ??

If the Ripple devs want this specific address of coins gone they can do it.

Why did they let Jed McCaleb destroy millions of USD in valuation then and not just remove his coins?

Sorry, but it seems to me you don't really understand the technology behind Ripple...

belmonty

sr. member

Activity: 295

Merit: 250

Quote from: ?? on ??

They can literally take away your coins and you can't do anything about that.

No they cannot take your XRP coins but I think a ripple asset issuer can put some sort of block on an asset you hold. Bitstamp USD assets seem to be very popular, but I doubt Bitstamp would block anyone's Bitstamp USDs without very good reasons because of the negative publicity. The ripple protocol prevents anyone taking your ripple XRP coins just like the bitcoin protocol prevents anyone taking your bitcoins.

belmonty

sr. member

Activity: 295

Merit: 250

Quote from: ?? on ??

http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/

After hyping this, came this ...

https://www.cryptocoinsnews.com/ripple-co-founder-jed-mccaleb-announces-sell/

Now ask yourself if it is really a nice idea to invest in ripple if they are so honest to their investor.

Ripple did a deal with jed where he agreed to sign a legal agreement not to sell for years except a very small amount. The other founders are also signing similar deals.

Since then Ripple Labs has sealed new partnerships that will bring its Ripple protocol to two US banks.

http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/

Spoetnik

legendary

Activity: 1540

Merit: 1011

FUD Philanthropist™

Simple.. it was premined 100%

All coins that are premined 100% are scammy period. /case closed

edit:
They also started a massive giveaway here tricking everyone on the forum to sign up at a site for coins but never gave any out.
i fell for it too Sad

see this..
Do you think coins with (full) IPO/premines will succeed and be popular/mainstream?

rugrats

sr. member

Activity: 700

Merit: 250

Vave.com - Crypto Casino

Quote from: Mitzplik on November 23, 2013, 07:48:23 AM

Hi, Im relatively new in cryptocurrencies matter, Ive been studying mainly Bitcoin and Ripple. Im not attached to none of them, for the moment I am just sniffing around.

Since I started to read articles and forums about them I saw two different systems, nailing different aspects of digital value exchanging.

(1) I realized that bitcoin is designed to be digital money, if there was a digital human being, this would be like gold to him. It has many characteristics of money but its virtual, it has no physical existence, and there is a protocol to send/receive it. Its may be a new asset or a mean to exchange real assets, a convertible cryptocurrency. Because it has no real existence, its durability is uncertain in the real world, making its "money" side fragile. Its convertible currency's side remains very strong because of its code's strength and safety.

Today what I see is Bitcoin being used as a convertible currency, one success case is BitPay, which does the conversion for merchants to receive the currency they want. Bitcoin believers and speculators may accept bitcoin directly, but they are not the majority.

Ripple on the other hand is an agnostic protocol for exchanging unique tokens, that can have any meaning. For example Bitstamp-USD or BTC is a meaning, GDW-Goodwill is a completely different meaning, etc. And its has a native convertible cryptocurrency that serves as a common language between the other tokens, but its not intended to be a store of value. The thing is that they are all already created and significantly held by their creators. So I think ripple main proposition is to serve as a protocol for many assets and profit from XRP valuation as long as it become more useful.

Both protocols work very fine but (2) I see anger from bitcoiners to ripple, but don't see anger from ripplers to bitcoiners.

The argument that ripple is a "get rich scheme" is not valid because bitcoin made Satoshi a millionaire and he mined a lot of bitcoins almost alone. And many people use bitcoin protocol to get rich (speculating or scamming).

Now people can "mine" XRPs trough WCG, donating computing power to a charity purpose, that sound cool.

(3) Are the protocols competitors?

(4) Do bitcoiners think ripple is a threat? Why?

I thought it could be that bitcoin entrepreneurs are very attached to bitcoin valuation, maybe some of them?
(5) Or ripple is a threat to the idealistic side of bitcoin, a crypto anarchy?

Or what?

Thanks

(1) Satoshi designed Bitcoin as an alternative (or replacement, depending on who you ask) to the existing fiat currency model. The term "digital money" which you assigned to Bitcoin, actually describes Ripple better.

(2) Could you demonstrate this? I am quite curious. Aside from the occasional random forum posts, I've never seen this anger.

(3) Bitcoin is not a protocol in the Ripple sense of the word. It represents a generational leap in technological and socioeconomic evolution that began when Gork bartered his second wife for Ooga's three deer skins.

(4) During our last secret meeting, Bitcoiners of the world has agreed to not see Ripple as a threat. In fact, for many of us, we don't see Ripple at all.

(5) It's never a good idea to seek enlightenment from a loud but tiny minority.

belmonty

sr. member

Activity: 295

Merit: 250

Quote from: Mitzplik on November 23, 2013, 07:48:23 AM

Now people can "mine" XRPs trough WCG, donating computing power to a charity purpose, that sound cool.

Not anymore, the WCG giveaway is being phased out.

https://xrptalk.org/topic/2000-wcg-giveaway-is-being-phased-out/

BootstrapCoinDev

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Activity: 154

Merit: 100

There is no XRP vs Bitcoin because you're comparing something designed to be a currency to something not designed to be a currency. Granted, you could USE it as a currency, but I could also go grab the apples from my fridge and use them as currency as well.
Please stop all the "ZOMG ripple is pre-mined rabble rabble rabble!" because it wasn't "mined." That's like saying "The post office made the stamps before I had a chance to buy them."

Topic: Why bitcoiners are upset about ripple? (Read 4140 times)