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Re: Ripple a scam?

From: Neil Peters <Neil.Peters@tradeexchange.ca>
Date: Fri, 26 Apr 2013 14:25:23 -0300
Message-ID: <517AB883.2080103@tradeexchange.ca>
To: public-webpayments@w3.org
The part of the argument that does appear valid is the idea of a Ripple 
being a centralized system, and therefore a single point of failure and 
a single target for attack, etc.

On 26/04/13 01:30 PM, Manu Sporny wrote:
> 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

Neil Peters
The Corporate Trade Network
Cell: 1.506.961.5075
Toll Free: 1.888.800.4059
Skype: N-Crowd
Received on Saturday, 27 April 2013 17:52:54 UTC

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