Quote from: bitaccumulation on May 10, 2013, 08:07:56 PM

Quote from: lexico on May 10, 2013, 07:47:58 PM

Why don't you answer these fair questions?
does it hurt too much to think about things like 'If their page gets down all the ripple system is dead. simple as that.' ?

and besides it does matter that it is closed source, since there is absolutely no proof of security if no-one can review it. that alone sets of the alarm bells over here (*scam* *scam*)

What page are you referring to?

It only matters that it's closed-source if they don't open the source to the public after it's out of Beta like they promised.

But, because you guys can't seem to get your brains off the little details (or even the big details) that are irrelevant to the big picture...

Imagine for a moment that Opencoin keeps their server software closed for YEARS. That's right YEARS. And during those years they manage to get all kinds of financial providers to use their system. They help them create custom front-ends so that it works seamlessly with the current banking system, people have apps on their computers, etc. etc.

Then once a critical mass of adoption as a payment system has been reached, they release the code to the public... and the code reviewers find that XRP is just as secure as Bitcoin. At that point, does it matter? I think not. I think xrp would rapidly become the most valuable virtual currency simply because the payment system ecosystem would make it the most trust-fee asset to have within that system.

It doesn't matter if Ripple is the system that makes this happen or some other system. The important thing is (IMHO), is that PAYMENT SYSTEM adoption must come first and must be inclusive of existing legal tender, and that payment system adoption will lead to better widespread adoption of the virtual currency vs. doing it the way Bitcoin (backwards). The thing is - all Bitcoiners think that every currency must come up the same way. That is not the case.

issue is still ignored: 'If their page gets down all the ripple system is dead. simple as that.' .

therefore no trust, no one has the ability to improve, so no one will adopt.

(ps, you sound like a car-salesman)