Ripple, the First True Bitcoin Competitor

Re:Ripple, the First True Bitcoin Competitor by rheide on Wednesday February 20, 2013 @07:51PM (#5254585)

So rather than the opportunist/capitalist/democratic solution of bitcoin, we have a benevolent dictator handing out 'money' to whoever would like to be on the network?

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Re:Ripple, the First True Bitcoin Competitor by JoelKatz on Wednesday February 20, 2013 @08:48PM (#5254836)

You're looking at Ripple as if it were a currency rather than as what it is, a payment system.

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Re:Ripple, the First True Bitcoin Competitor by glomph on Wednesday February 20, 2013 @09:23PM (#5254980)

FTA ' Ripple (XRP) is a new decentralized Bitcoin-like currency '

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Re:Ripple, the First True Bitcoin Competitor by JoelKatz on Wednesday February 20, 2013 @10:06PM (#5255113)

There are people who want to promote it that way, but that doesn't include the people who designed and built it. Check out http://ripple.com/

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Re:Ripple, the First True Bitcoin Competitor by nunyabuizness on Thursday February 21, 2013 @02:49AM (#5256078)

But the point is that if they (XRP) come to have any monetary value at all, the whole thing reduces to a ponzi scheme with benefits.

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Re:Ripple, the First True Bitcoin Competitor by wmf on Wednesday February 20, 2013 @10:07PM (#5255114)

I'm not totally sure on this, but AIUI XRP is a new currency and Ripple is a system that can trade any currency including XRP, BTC, USD, etc.

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