Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
oda.krell
on 20/05/2013, 18:40:09 UTC
Quote
Ripple
i think we all should do some home work

from what i've read ripple can become a powerful tool. and bitcoin would be better off if every bitcoiner knew exactly what it is all about and how to use it.

 

I'm not claiming to have full technical knowledge of Ripple (but neither do I have that level of knowledge of Bitcoin), but I do know enough about it to believe that the arguments in defense of it all seemed to ignore one basic problem many bitcoin followers have: it's centralized, and there is no indication that this will ever change.

Rampion's post is an excellent summary of why I don't trust, and don't feel like supporting Ripple (I agree with everything except the last paragraph about the founders "cashing out". They will never do such a thing, as it would instaneously destroy their wealth in the process).

If you feel that anyone who's critical of Ripple is just (consciously or not) trying to defend his own get-rich stake in Bitcoin, then I guess I can't really argue any further.