Post
Topic
Board Altcoin Discussion
Topic OP
Worried about Mt Gox? What does this price fall mean for BTC and its clones?
by
TheWhale
on 10/02/2014, 11:46:44 UTC
Centralized exchanges have long governed Bitcoin transactions. From the plights of Bitinstant to the regulatory, technical demise of Mt. Gox to the wipeouts of centralized wallets by hacking, we have witnessed costly screwups by centralized players. Subject to regulation and easily targeted by world governments and hackers alike, centralized exchanges have no place in the new economy. Tragically, the Bitcoin community has trashed the very savior of Bitcoin transactions from the start: Ripple. Ripple offers a means to conduct transactions instantly with little to no fees in a decentralized manner. This means no longer do we have to wait for confirmations or trust exchanges to be technically capable or safe from a regulatory standpoint - no longer do we have to rely on centralized merchanting solutions. We can bypass confirmation times and reduce fraud to zero by conducting merchanting on the Ripple protocol.

Why hasn't the Bitcoin community caught on? Now is the perfect time - when Mt. Gox withdraws finally come through send that Bitcoin to the Ripple protocol and enjoy freedom once more!


Instead of disregarding Ripple because some Bitcoiner has told you that it is centralized (lie), Ripple isn't open-source (lie) or Ripple is premined (this isn't bitcoin, there is no wasteful mining - lie), think for yourself for once. Remember this. Ripple is competing with BitPay, NOT Bitcoin.

If you do not understand Ripple, I suggest Peercover.com - incredibly user friendly!