Post
Topic
Board Service Discussion
Re: Why Ripple™ is against everything Bitcoin
by
cypherdoc
on 11/05/2013, 19:15:58 UTC
they are meant to be exchanged are they not?  that is why we have a price for them, isn't it?  buy them from other sellers; that simple.

They have to come from somewhere. Let's start with 100M XRP in account #0. Exactly how are the XRP to be divided among the inhabitants of planet Earth?

precisely my point.  Ripple hasn't developed a fair system to distribute them.  

many XRP's were just handed out here on the forum one day for those willing to post an address.  OpenCoin has just arbitrarily decided to hold back 50% for themselves.  

it's not a fair distribution system and thus creates suspicion/resentment.

contrast this with the proof of work system for Bitcoin.  POW is one real reason Bitcoin resonates with it's adopters even today.