Nope. Just something a majority of people are missing out on. I'm personally sick of waiting sometimes over an hour for a Bitcoin transaction every time I go outside of the Ripple protocol. Everything is so much quicker and easier in there. Instant transactions and it is FREE. My wallet holds XRP, BTC, LTC, USD, shares etc. Wow! Not just the one currency. I only experience the reality when I transfer my Bitcoin using Bitcoin bridge (where you replace a Ripple address with a Bitcoin address) and it sends the Bitcoin outside of the network.
I feel sorry for those of you who do not open their eyes and continue to live in the stone age with your long confirmation times, fees, centralized exchanges etc - so little freedom. I can instantly turn my BTC into ANY currency/ commodity (being crypto, fiat, precious metals etc instantly if it is crashing). I don't need to wait hours while sinking with the boat, everything is interchangeable within Ripple INSTANTLY.
Nothing is changeable in ripple instantly. It only looks so because you're not actually trading anything but IOU, i.e. meaningless 'bank notes' that say that you own 1 BTC. However, you owning 1BTC is completely dependent on your trust network, and when shit will hit the fan, you'll lose everything you own, just like with our current banking system. Not only that, but you expose yourself to unnecessary risk just by using the ripple network.
If you want to withdraw BTC from the ripple network to your computer wallet in which you OWN ACTUAL BTC, it will still take you 1 hour because you'll have to take someone's BTC and send them to your wallet through the BTC network (and thus wait 60 minutes for ~6 comfirmations). Not only that but the 60 minutes you wait is a proof of security. Faster transaction times are only marginally more secure, because the network is backed by the amount of computer time that passed in order to grow the blockchain to the size it has.
Yes exactly. Ripple is a derivative of cryptocurrencies. It is the fiat of crypto and the creators have the power to manipulate it when ever they want. It is like going back to they day when goldsmiths used to store customers gold in their vault and instead of giving their customers the gold for use in buying and selling good they gave out IOUs. But corrupt goldsmiths used to give out more IOUs than the vault held. Thus was born the bank run. I"m sure that XRP could be trusted but because humans control it and humans can be corrupt they can change the game and destroy XRP wealth overnight.