Agree 100%
I do not have a degree in physics nor have I put in 20 years in IT
I have though , put in 20+ years in corporate finance
I think it's just currently badly explained rather than difficult to understand ... but then, perhaps my understanding of it is incorrect!
JoelKatz:
Are gateways allowed to charge their own fees on top of ripple?
OpenCoin will ultimately have no direct control over who is a gateway or not, or any means of setting rules for what they charge. The only control they'll have will be via XRP. I'd suggest that if that control is enough to dictate rules to gateways in practice then Ripple has failed to be an open system.