Post
Topic
Board Altcoin Discussion
Re: Ripple XRP distribution requires immediate formalization
by
becoin
on 28/02/2013, 21:58:48 UTC
If OpenCoin waits until there are already a fair number of well established gateways that have regular transaction activity, it will be virtually impossible to convince these gateways to accept a fork.
A well established gateway would require a banking license! Only banks are allowed to take deposits. How many banks will become ripple gateways before they open the code?!