1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Ripple: New Bitcoin Competitor

Discussion in 'BlackHat Lounge' started by Alinea, Apr 12, 2013.

  1. Alinea

    Alinea Junior Member

    Joined:
    Dec 16, 2012
    Messages:
    122
    Likes Received:
    545
  2. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

    Joined:
    Jan 27, 2009
    Messages:
    2,468
    Likes Received:
    10,147
    It has nothing to do with BitCoin, it 's an IOU system based on personal social networks.
     
    • Thanks Thanks x 3
  3. Furious George

    Furious George Supreme Member Premium Member

    Joined:
    Dec 13, 2012
    Messages:
    1,437
    Likes Received:
    2,176
    BUY BUY BUY

    Oh wait.... never mind.

    SELL SELL SELL

    My thoughts.... did you read these articles? Do you know what bitcoin is?
     
    • Thanks Thanks x 2
  4. hackpenguin

    hackpenguin Newbie

    Joined:
    Nov 17, 2012
    Messages:
    13
    Likes Received:
    1
    From what I understand crypto-currencies don't have one great source of "coins". If I understood that article correctly ripple is like the fed and essentially has control over all the money that goes into it's economy. unlike the fed it won't be able to take money out of the economy. Kind of seems like a big plan to make a ton of money by having people buy all the ripple coins with USD or whatever hoping that it will be the next big thing. I think this alone will deter people because the whole point of crypto-currencies is to have a currency not controlled by one source.

    What does this even mean?
    Are they trying to claim that they can't be DDOS'ed?
     
  5. Furious George

    Furious George Supreme Member Premium Member

    Joined:
    Dec 13, 2012
    Messages:
    1,437
    Likes Received:
    2,176
    That makes two people who didn't read the article.....
     
  6. Alinea

    Alinea Junior Member

    Joined:
    Dec 16, 2012
    Messages:
    122
    Likes Received:
    545
    I'm not into Bitcoins/other currencies. I saw the article on a feed and posted it here because there's a lot of discussions about virtual currencies. I saw "Bitcoin Copycat" and comparisons between the currencies and figured it might be reasonable to say it's a competitor. Maybe I should've added a question mark at the end of the title. Not quite sure what is annoying you guys though. Please let me know of any misunderstandings (apparently the article is misleading - article comment).
     
  7. nerow

    nerow Newbie

    Joined:
    May 4, 2013
    Messages:
    15
    Likes Received:
    0
    I have some invites, someone interests?
     
  8. rhino999

    rhino999 Newbie

    Joined:
    Aug 23, 2010
    Messages:
    17
    Likes Received:
    6
    Occupation:
    Cancer Researcher
    Location:
    Houston
    Home Page:
    Yes please send me one thanks
     
  9. Nigel Farage

    Nigel Farage BANNED BANNED

    Joined:
    Feb 8, 2012
    Messages:
    563
    Likes Received:
    1,495
    I think I'm going to invest in MD 20/20 instead.

    pear.jpg
     
  10. BIGBIGBIGMamas

    BIGBIGBIGMamas Power Member

    Joined:
    Nov 4, 2012
    Messages:
    711
    Likes Received:
    331
    Yes,
    i'm interested
     
  11. Nigel Farage

    Nigel Farage BANNED BANNED

    Joined:
    Feb 8, 2012
    Messages:
    563
    Likes Received:
    1,495
    A search of the forum archives would have given you a lot of good information on BitCoin. You didn't even read the article.

    Next maybe you will theorize that BitCoin is "just like a Ponzi scheme"? Or maybe it's "just like a pyramid scheme"?

    Maybe you should read the wikipedia articles on all three of those topics before posting again. Otherwise some deserved flaming could result.
     
    • Thanks Thanks x 1
    Last edited: May 12, 2013
  12. norm1388

    norm1388 Jr. VIP Jr. VIP Premium Member

    Joined:
    May 4, 2012
    Messages:
    104
    Likes Received:
    6
    Ripple just seems odd to me it sits at the 3rd highest market cap because of its volume but i can barely put together a reason for the whole system