Ripple, a threat to Bitcoin? Let a few people pitch it that way if they want. I think the idea is ridiculous. The space is huge, and there's room for many innovative solutions. Bitcoin's competition is the USD, EUR, YEN, etc... Not Ripple. Slanderers of Ripple are shooting themselves in the foot.
Ripple is not a threat to BTC...
The ability to set up instant exchanges, create custom securities, fast transactions, etc...
Will all benefit the BTC Ecosystem dramatically.
Slanderers of Ripple are are putting THEIR interests AHEAD of Bitcoin...
BTC attracts sociopaths like shit attracts flies...
Behind that thinnest veneer of idealism people here care ONLY about filthy lucre.
And with a tiny $1 billion float BTC is not competing with Fiat currencies...
LOW VELOCITY Bitcoin is not even a "currency", it's a "commodity" people are hoarding...
And it will end up being just that = a GOOD, quaint store of value like gold.
Generation 2.0 networks will take over the crypto-currency space...
Since Bitcoin "development" is dysfunctional, ad hoc, and woefully underfunded...
And grinds to a halt every time Gavin takes a leak.
But in a parallel universe...
Bitcoin's hip, mysterious, post-cultural, omnipotent God-figure...
Will end the Times of Tribulation with His return and the Rapture...
As Early Adopters prevail in the final battle against unworthy Late Adopters...
But of that day and hour no one knows, not even the angels of heaven.
I'm your biggest fan QuantPlus.
I want to work for your fund.