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Re:Ripple is officially open source by kylebrown on Saturday September 28, 2013 @06:41PM (#6463392)
First it was bitcoin being decried as a "scam currency". Then bitcoiners called litecoin a "pump n dump" alt-chain. Now its BTC and LTC promoters campaigning against Ripple. Quite interesting...
Re:Ripple is officially open source by rxl on Sunday September 29, 2013 @12:00PM (#6465488)
Bitcoin, Litecoin, Feathercoin, etc. are all decentralized currencies, and this fact should give you at least one very good reason to trust them.

Ripple has been pre-mined and is not decentralized, but in fact controlled by one entity (regardless of what the creators may claim).

There is a huge difference here. Not even a comparison.

Re:Ripple is officially open source by kylebrown on Sunday September 29, 2013 @05:56PM (#6466694)
The main thing which makes bitcoin decentralized is that there's no central authority which can seize your coins. Its the same with Ripple, XRP at a ripple address cannot be seized or moved (without the private key for that address).

Issues of coin distribution and mining versus no mining is a separate concern. From my vantage point, the great majority of LTC belong to Litecoin founders/investors/miners while the great majority of XRP belong to Ripple founders/investors/gateway-partners. There are trade-offs with either distribution scheme, but "coins to miners" is just one scheme (not the defining criteria for decentralization).

Re:Ripple is officially open source by EarthLaunch on Sunday September 29, 2013 @01:34AM (#6464240)
That's not information worth noticing, because facts aren't relative. One could easily be a scam, justifying such a campaign.