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-free 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.
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-free 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.
lmfao .. oh man! i have just been waiting for anyone to claim this. and no; i don't believe you speak FOR open coin inc, but its still good to hear someone FINALLY just say it.
furthermore; what kind of a masochist must you be to step into a crypto-community board and argue in favor of, "TRUST US! we PROMISE! we'll do the right thing EVENTUALLY"? this thread made my stomach hurt, but i haven't had a good laugh like that in quite a while.
thanx op
