Ive read some outrageous things on here, but thats ridiculous and if someone is paying 5BTC to slander Ripple, then I should get like 50BTC.
I
totally agree with you, cdog. You're the undisputed king of slandering Ripple.
Wait...you do realize that "slander" means to make
false statements about a person/entity, right?
No actually I didnt and I misused that word. I thought slander was a synonym for defame, its not, shame on me.
My goal is to defame ripple, expose it for what it is, a for-profit
scheme, which if not technically a scam or pyramid, offers no real utility.
Ripple has 3 major issues: Its not decentralized (a huge security flaw), the currency it uses was issued and not mined (OpenCoin can simply issue themselves more), and interest free debt has a negative expectation (as someone who has loaned a lot of juice-free dough to friends, I can speak to this personally).
I think Ripple brings a lot of interesting ideas to the table, but its implementation of those ideas is terribly flawed to the point of making it worthless.
I dont see how it can possibly have a longterm future, so my goal is to help people educate themselves about this reality, so rather than putting time, effort, and their hard earned income into supporting it, direct them towards BTC and LTC, which I believe strongly will both be around for many years - at least until someone is able to create something better, like perhaps Netcoin, but thats still in early development...