Re: Does Ripple/XRP compete with Mt. Gox???? effectively
by
Ripple Labs
on 07/03/2013, 22:37:48 UTC
Quote
Sure, but you got to trust the gateways. Because your 1 USD on Ripple is NOT USD, it is an IOU (debt) that is under 100% of circumstances worth less than 1 USD.
Yes in the same way that 1 USD on paypal or dwolla or mtgox is worth less than 1 USD.