Post
Topic
Board Service Discussion
Re: Why Ripple™ is against everything Bitcoin
by
nameface
on 12/05/2013, 21:39:58 UTC
If Ripple is successful, the analogy of BTC as "a better gold" and XRP as "a better dollar" seems about right. Anyone can still use and build on Bitcoin, while simultaneously, the Ripple payment processing system will be way better than anything that exists today. Some people aren't making the leap that Ripple is a protocol.

I laugh at people who think a company paying people or building in incentives for the developers of their technology is wrong. Some Pro-Bitcoin Anti-Ripple (P-BAR?) people are missing part of their brain.

Ripple isn't hiding information about the general distribution scheme for XRP. Their pages are clear (albeit completely lacking of a planned distribution model). They haven't released their source, but they never claimed they'd have released it by now either.

Many P-BARs earlier in this thread talk like know what is "right". They sound like a bunch of kids who, despite their talents, have yet to learn shit about shit. Instead of whining until people start putting you on ignore, try tapping into what's really happening. 1M loudmouths punks < 1 serious person with a vision.

Those who will make an impact are those who increase functionality and forward momentum. This is all about creating a system that works. Bitcoin and Ripple have great momentum, and are designed to work together. This may sound crazy, but I have a theory that Satoshi Nakamoto is one man who disappeared from Bitcoin to work full-time on Ripple and that both technologies are part of one holistic vision. Disprove me!

The transactional currency market of the web is SO BIG that you shouldn't expect it all to go to Bitcoin in some sort of explosion of currency anarchy. Who cares that Ripple is more of an "establishment play"? This is surely more of a blessing than a curse to crypto-currency.

Ask yourself a question: Do the hordes of soon-to-be newb users know or care about mining? The idea of scarcity and a fixed money supply will resonate with smart people. The idea that they cannot create money out of thin air with a computer will not deter them from becoming Ripple users.

Reading this thread just made me so long on both Bitcoin and Ripple. This is going to be amazing.