W3C home > Mailing lists > Public > public-webpayments@w3.org > April 2013

Ripple a scam?

From: Manu Sporny <msporny@digitalbazaar.com>
Date: Fri, 26 Apr 2013 12:30:33 -0400
Message-ID: <517AABA9.505@digitalbazaar.com>
To: Web Payments CG <public-webpayments@w3.org>
Interesting commentary on Ripple being a scam:

http://ripplescam.org/

#bitcoin #ripple #payswarm #w3c #futureofmoney

Some of the arguments are fairly weak, I think the underlying assumption
that the author is making is that Ripple is attempting to be Bitcoin (it
isn't, it's a for-profit currency run by a corporation). So, if you
trust Ripple, most of the arguments go away.

The open source argument is pretty solid, so is the one about hoarding
of XRPs. The OpenCoin developer arguing in the comment thread certainly
didn't help defend Ripple.

I think the real argument is whether or not Bitcoin is better than
Ripple, and in this case, it completely depends on what you want out of
the currency. Fast transactions? Use Ripple. Decentralized and open
source? Use Bitcoin.

Any commentary from payment folks on this list?

-- manu

-- 
Manu Sporny (skype: msporny, twitter: manusporny, G+: +Manu Sporny)
Founder/CEO - Digital Bazaar, Inc.
blog: Meritora - Web payments commercial launch
http://blog.meritora.com/launch/
Received on Friday, 26 April 2013 16:30:56 UTC

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