Quote from: hgmichna on May 06, 2013, 06:32:45 PM

Quote from: Blitz on May 06, 2013, 06:29:07 PM

For a real contender, if it works as advertised, look at Ripple.

So how many RippleCoins do you own?

About 1000 I think, which is worth pretty much nothing. I sold nearly all I got in their forum handout. Ripple prices have been hugely inflated since its inception because they haven't distributed any meaningful sum yet. There are 100 billion ripples, and its last price is 8800 per BTC. Wish I could short this thing.

I wouldn't advise anyone to pay any money for them, OpenCoin claims they will distribute all within 2 years, so it's going to get flooded and you'll be able to get them for free, like here: https://bitcointalk.org/index.php?topic=145506.0

My point was only that it appears to be a good system if it works under stress. There's no mining and transactions are instantaneous. If there is anything to compete meaningfully, I don't think it will be Litecoins and xyzcoin but Ripples because it's a completely different system.