It's interesting that the people arguing against ripple are the ones who stand most to lose, their main fear is that other people would choose XRP as speculative investment over Bitcoin.
Let's
quote here, shall we.
Problem 0. First, to get some nonsense out of the way. A system of colored coins, a p2pexchange or somesuch does not necessarily constitute competition for MPEx.
It's not the case that I'm stuck in the present model, threatened by anything and everything coming along. It's the case that I sit comfortably at the top of the chain. If I believe at any point there is value or use in them I can just... take... them. If experience is any guide, I shall take them the next day. Either, both, something similar. Further along those lines, MPEx makes plenty each month, certainly enough to afford it development of anything it wishes developed. To spec, by a competent team if need be.
So, if I say no it's not because of any other reason than simply the obvious : I do not believe them to be either useful or practical. Which allows us to move on to a discussion of that, which I hope will be instructive.
MPEx makes more in a good month than the entire value of "VC" investment in all of Ripple. That's right, all Katz&Shill co labor added together is nothing compared to what MPEx makes. Not even going into the financial subtleties of what it means to be valued in the 700k BTC range.
So, no. Mr Bear doesn't say Miss LittleShitInTheRain is worthless because he's threatened by it. He just doesn't feel it appealing. Because it stinks.
In other words, why do poor loosers believe that if it had really been a worthwhile investment, people who are much more resourceful than them could only watch helplessly as the s**ers becoming rich, rather than taking over the market?
Yeah, tell me more why should I stop using IOUs issued by at least somehow legally regulated corporations, and join the happy lawless Ripple family.
Just look how great this works in practice.
Intersango is dodgy, but it stands in shame at the sheer level of dodginess that Ripple manages to achieve.