Ripple is centralized closed source payment system. I don't see anything revolutionary about it.
Cause you only read retarded argument on ripplescam.org.
It is closed source yet because the protocol is being build.
ok - mah87
explain Ripple to me so I understand it in a single post - {a success is an explanation that i can then explain it to someone with no exposure to Crypto}
if you fail , that's the 3rd fail -
1. closed source
2. centralized
3. no peer support , not transparent .
if you consequently come back to me and say "its not your job to explain Ripple to me"
also consider that a failure, then sell what Ripple you have.
**
just a final note did you know that the "Economics" you may have learned in School or University is not "Economics" at all but a complex jumbled mess that tries to distract from a simplistic economic system that was obviously heading for failure , this resulted in the "Economics of Finance" basically the death of economics - why I'm telling you this is because complex systems usually equate back to something that is simply a scam, that is the case with most "economics" in the 21st century , so the longer ripple stays "complex" the longer it looks like a scam.
the way Crypto is evolving, Ripple will be forgotten by this time in one year.
I do agree that ripple is complex for now. And also complex to explain in a simple. Anyway if you really want to know what ripple is I would invite you to go on the ripple forum. All those questions has been answered and explained.
I agree that for now you are right, this is closed source, centralized and not transparent===> BUT=> code will be release before the end of the year,==>then it won't be centralized for a long time + peer review will show protocol stability and offer improvment.
Furthemore if you take appart XRP currrency you'll see that you can today trade a lot of currencies in minutes through several gateways, the payment system is yet efficient. The new feature "ripple bridge" allows you pay from your ripple wallet in bitcoin, whatever if your wallet contain only dollar or pound. So it's a nice access to bitcoin community.
Of course ripple is in beta and non tech people or lazy people won't be able to use it properly or to understand it.
Edit: And someone talking about "scam" and at the same time being the creator of a cryptoclone... sure...
ok thanks that explains just about everything - , Ripple will be forgotten in the next wave of Crypto evolution , We have "Decrits" and eMuni - which are on the horizon, if they are even partially acceptable there will be an evolution upon those - so Ripple will be bypassed in a fairly short order of time -
thanks for that explanation , it says about all i need to know.
the down side i see to the aforementioned systems is they are "universal and Transactional " - now i don't expect you understand what i'm saying now as this is a political matter , and i understand that this forum is fairly void of politics, so yes i have built upon some initial code that was released , i plan on continuing to do that , and when Ripple is a long forgotten idea Nibble will be a well known name.