Topic: You guys gonna become paranoid about Ripple - page 2. (Read 18652 times)
I see Ripple as a front-runner in digital currencies. They have partnered with Zipzap, so you can now deposit cash into your ripple account. They also have their own altcoins (Geckos [GKO] and NoFiatCoin [XNF]). Last time I checked, 1 GKO was selling for 7 XRP and 1 XNF was 100 XRP on their exchanges.
Ironically the only way to ensure that Bitcoin miners are not secretly colluding and you don't need to trust them is by having >50% of the global hash rate yourself, thus forcing others to trust you...
I think I can explain it, let me give it a shot.
A centralized network is susceptible to attack. A decentralized network is resistant to attack.
A centralized con-artist is susceptible to attack. A decentralized con-artist network.......
...can only scam those who chose to "invest" into a dishonest scheme. Pirateat40s ponzi scam did not impact Bitcoin itself at all (and would have been far more evident in Ripple by the way) even though at some points his claimed balance must have been in the hundred thousands or did have any implications on user balances at e.g. MtGox. TradeFortress showed that you can scam people on Ripple (by scamming them... an interesting "proof of concept"), wrote ripplescam.org after that and proceeded to scam the users of his own webwallet services out of some undisclosed amount of BTC. Still this did not have an effect on anyone NOT using his "services" or falling for his scams or on Bitcoin (the system) itself. A centralized network is susceptible to attack. A decentralized network is resistant to attack.
A centralized con-artist is susceptible to attack. A decentralized con-artist network.......
Anything is possible, but this system seems to rely on trust, which is the primary currency in a confidence game.
Every human monetary or financial system relies either on trust, on force, or on a mix. One can list several things one must trust to use Bitcoin, for example, that a super-majority of Bitcoin users won't decide to change the Bitcoin software such that your Bitcoins are no longer considered valid or that 51% of the mining power isn't already controlled by the same malicious entity. 
Do you know how many times i've heard ripples mentioned in mainstream media? zero.
Its just not interesting
Its just not interesting
Believe me. Its interesting. Its just too difficult to grasp. You think Bitcoin is hard? Try getting a grip on Ripple. Or rather .... try getting grandma to get a grip on Ripple. If I am understanding it correctly, whereas Bitcoin can send bitcoin anywhere in the world, instantly, free of charge .... Ripple can send *any currency* anywhere in the world, free of charge - and convert from any currency to any other currency in the process, free of charge (or for the cost of an XRP, which is 2 cents right now). Ripple can also do conversions between Bitcoin and all alt coins. So one might say that Ripple is Bitcoin on a mega dose of steroids. But grasping and using the system is currently too difficult for the average person.
And I believe Ripple markets itself as ultimately being the invisible backbone to the banking system. I don't believe its intended to be B2C but B2B and as such, you aren't going to see "Joes coffee shop now accepting Ripple". The question is whether the Ripple people are going to pour the millions of dollars necessary into (1) simplifying the system and (2) selling it to the world economy. Because believe me, what it does, is new, interesting, and extremely needed.
I think I can explain it, let me give it a shot.
A centralized network is susceptible to attack. A decentralized network is resistant to attack.
A centralized con-artist is susceptible to attack. A decentralized con-artist network.......
Or maybe I just don't understand it. Anything is possible, but this system seems to rely on trust, which is the primary currency in a confidence game.
Yeah I have become interested in ripple. I mean I'd rank ripple ahead of all the alt-coins in terms of utility. Community issued money is getting a revival apparently. Ripple seems like an electronic and extremely cheap way for communities to issue and use their own currency and develop closed loop economies. But why have we not seen any cool developments with Ripple?
I believe Ripple has some big boys behind it and more....
http://www.youtube.com/watch?v=iKIJ9ekfAZY
Watch and see....
CooterCoin
http://www.youtube.com/watch?v=iKIJ9ekfAZY
Watch and see....
CooterCoin
Another reason to become paranoid about Ripple 
: it debuted on “TV’s No. 1 New Show” – NBC’s The Blacklist.
Here is the video, Ripple is visible @1:23 and 1:30
http://www.dailymotion.com/video/x19n27t_blacklist-mentions-ripple-and-bitcoin_lifestyle
And this is how it looks like:
https://ripple.com/wp-content/uploads/2014/01/Screen-Shot-2014-01-14-at-10.23.25-AM1.png
: it debuted on “TV’s No. 1 New Show” – NBC’s The Blacklist.Here is the video, Ripple is visible @1:23 and 1:30
http://www.dailymotion.com/video/x19n27t_blacklist-mentions-ripple-and-bitcoin_lifestyle
And this is how it looks like:
https://ripple.com/wp-content/uploads/2014/01/Screen-Shot-2014-01-14-at-10.23.25-AM1.png
TradeFortress's lies. And quite ironic, considering that he should know a thing or two about centralized vs decentralized, due to his first-hand experience losing/stealing 4,000+ BTC from users of his inputs.io wallet service.
Do you know how many times i've heard ripples mentioned in mainstream media? zero.
Its just not interesting
Its just not interesting
Believe me. Its interesting. Its just too difficult to grasp. You think Bitcoin is hard? Try getting a grip on Ripple. Or rather .... try getting grandma to get a grip on Ripple. If I am understanding it correctly, whereas Bitcoin can send bitcoin anywhere in the world, instantly, free of charge .... Ripple can send *any currency* anywhere in the world, free of charge - and convert from any currency to any other currency in the process, free of charge (or for the cost of an XRP, which is 2 cents right now). Ripple can also do conversions between Bitcoin and all alt coins. So one might say that Ripple is Bitcoin on a mega dose of steroids. But grasping and using the system is currently too difficult for the average person.
And I believe Ripple markets itself as ultimately being the invisible backbone to the banking system. I don't believe its intended to be B2C but B2B and as such, you aren't going to see "Joes coffee shop now accepting Ripple". The question is whether the Ripple people are going to pour the millions of dollars necessary into (1) simplifying the system and (2) selling it to the world economy. Because believe me, what it does, is new, interesting, and extremely needed.
It has bid/ask offers and trade matching built into the protocol - so its "decentralized exchange". Instead of a new "block" every few minutes, there's a new "ledger" every few seconds. So whereas blocks in a blockchain only keep track of how much coin is at each address, the ripple ledger also keeps track of bid/ask trade offers.
Now, in order to trade on ripple, you still have to trust an "issuer" aka gateway. But that's no different than any other way you can currently trade bitcoins - by depositing bitcoin at an exchange, you implicitly trust that exchange (the exchange could disappear overnight and steal your deposited funds).
There's another thread where people are trying out ripple - someone created one quadrillion FUNcoins and is giving them out, just for learning purposes:
Start using Ripple, learn with no risk. The FunCoin Gateway
Do you know how many times i've heard ripples mentioned in mainstream media? zero.
Its just not interesting
Its just not interesting
Believe me. Its interesting. Its just too difficult to grasp. You think Bitcoin is hard? Try getting a grip on Ripple. Or rather .... try getting grandma to get a grip on Ripple. If I am understanding it correctly, whereas Bitcoin can send bitcoin anywhere in the world, instantly, free of charge .... Ripple can send *any currency* anywhere in the world, free of charge - and convert from any currency to any other currency in the process, free of charge (or for the cost of an XRP, which is 2 cents right now). Ripple can also do conversions between Bitcoin and all alt coins. So one might say that Ripple is Bitcoin on a mega dose of steroids. But grasping and using the system is currently too difficult for the average person.
And I believe Ripple markets itself as ultimately being the invisible backbone to the banking system. I don't believe its intended to be B2C but B2B and as such, you aren't going to see "Joes coffee shop now accepting Ripple". The question is whether the Ripple people are going to pour the millions of dollars necessary into (1) simplifying the system and (2) selling it to the world economy. Because believe me, what it does, is new, interesting, and extremely needed.
Do you know how many times i've heard ripples mentioned in mainstream media? zero.
Its just not interesting
Its just not interesting
Believe me. Its interesting. Its just too difficult to grasp. You think Bitcoin is hard? Try getting a grip on Ripple. Or rather .... try getting grandma to get a grip on Ripple. If I am understanding it correctly, whereas Bitcoin can send bitcoin anywhere in the world, instantly, free of charge .... Ripple can send *any currency* anywhere in the world, free of charge - and convert from any currency to any other currency in the process, free of charge (or for the cost of an XRP, which is 2 cents right now). Ripple can also do conversions between Bitcoin and all alt coins. So one might say that Ripple is Bitcoin on a mega dose of steroids. But grasping and using the system is currently too difficult for the average person.
And I believe Ripple markets itself as ultimately being the invisible backbone to the banking system. I don't believe its intended to be B2C but B2B and as such, you aren't going to see "Joes coffee shop now accepting Ripple". The question is whether the Ripple people are going to pour the millions of dollars necessary into (1) simplifying the system and (2) selling it to the world economy. Because believe me, what it does, is new, interesting, and extremely needed.
me neither, but then why are you still posting? 
Do you know how many times i've heard ripples mentioned in mainstream media? zero.
Its just not interesting
Its just not interesting
This is a bitcoins speculation forum. What the f*ck has ripples got to do with anything. Thats not paranoia it boredom if anything. I'd rather talk about other alt coins if I must divert from bitcoins. Peercoins are interesting
You're showing by far not the typical response, if all there would be to it I wouldn't have seen any reason to create this thread in the first place.
This is a bitcoins speculation forum. What the f*ck has ripples got to do with anything. Thats not paranoia it boredom if anything. I'd rather talk about other alt coins if I must divert from bitcoins. Peercoins are interesting
Why does ripple keep popping up here? is there not a ripple forum somewhere else on the internet? This is bitcoins. I've listened to the ripple arguments why its so good and I'm not interested.
IDK, this is kind of the point of this thread, although it gets derailed constantly.
I don't mind, since that strengthens my point.
Not interested != Paranoid.
Why does ripple keep popping up here? is there not a ripple forum somewhere else on the internet? This is bitcoins. I've listened to the ripple arguments why its so good and I'm not interested.
IDK, this is kind of the point of this thread, although it gets derailed constantly.
I don't mind, since that strengthens my point.
Why does ripple keep popping up here? is there not a ripple forum somewhere else on the internet? This is bitcoins. I've listened to the ripple arguments why its so good and I'm not interested.
Understanding Bitcoin compared to this is a total doss. I've read plenty about Ripple and still don't have much of a clue.
Perhaps in the future people will use it without knowing but it's of zero interest to me and it would give the average person a stroke if they attempted to master it. May whoever does throw some money at it profit nicely.
Perhaps in the future people will use it without knowing but it's of zero interest to me and it would give the average person a stroke if they attempted to master it. May whoever does throw some money at it profit nicely.
It's not that complicated rally if you already understand how Bitcoin works. Some of the biggest ripple boons are Bitcoiners, at least the ones not into making a cult out of it.
What is with the Ripple fanboys and their relentless need to post about Ripple all over the bitcoin forums. It's almost like they are trying to pump up the value of XRP.
I remember this rhetoric before Litecoin became big, and those who used it are now too butthurt to even post on the forums....
I'm willing to gamble that any system that allows people's money to be taken away without their consent or knowledge will never become big.
Gladly that's not ripple.
tl;dr how do I mine nipples and is it worth it?
Hopefully you will only ever have two nipples! The wcg giveaway can be discussed hereYou could've just said 'you can't' and 'no' instead of sending me off to some forum full of people moaning about how shit their returns are
once you are finished gloating get ready for the inevitable collapse of hubris
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