Quote from: gweedo on June 02, 2013, 05:55:06 AM

Quote from: BTCGaga on June 02, 2013, 05:50:06 AM

Quote from: gweedo on June 01, 2013, 03:09:50 AM

Quote from: worldinacoin on June 01, 2013, 03:06:06 AM

Well, this is my first time with Ripple too. Seems that I had missed their giveaway. If anyone can send me something to get started, I would be grateful

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For some bitcoins I can send you some, cause ripples have gone up in value. PM me.

I have been hearing alot about Ripple, but I still do not understand what is going on. I hear from one side that Ripple is amazing and that I should invest, and then on the other, that Ripple is a scam. Which is it?

Just like bitcoin don't invest what you can't lose. A lot of people call ripple a scam cause unlike bitcoins it is run by a company out to make a profit. So people that hardcore bitcoiners take that as an automatic scam alert. It is more of an exchange that uses a different method to exchange. Instead of send the money first and then making the exchange. Ripple makes you send it to a gateway, they hold on to it like escrow you make trades and then when your ready to cash out of the ripple system it will then credit your bitcoin address or bank account or whatever. That is also why people call it a scam. Opencoin the company that runs ripple, which is open source and you can run your own gateway, was just backed by Google ventures. Also the the team has Jed who created Mt Gox back in 2010, and edonkey. So you have to make up your own mind and I gave you a very basic overview.

Gweedo,

That was really helpful, thank you!