Eh, i'm not feeling it. Ripples, centralised, mass-producible currency which is easy to regulate. Stupid name too. Who the hell is going to post on Facebook that they got "900 ripples this week! Who wants a drink?"?

And that's the beauty of freedom and of the Ripple network.  You can use whatever currency you want.  XRP are a currency within Ripple, sure.  But Ripple is a payment ecosystem that allows people to use whatever currency they choose, without boundaries.  I could theoretically pay someone in Japan with Bitcoins and the user on the other end can have their money in Yen, for instance.  They never had to deal with BTC, eventhough I do, yet everyone is happy dealing with the currency of their choice.  

I'm not going to turn this into a Ripple discussion.  That wasn't my intention.  It's actually a brilliant system though, if you take the time to understand.  It's everything Bitcoin could have been and never will be.  That's MY view.

But he IS right in saying that bitcoin will never be used for microtransactions.

Why not? Because when my friend lacks money to spend on a steam sale that ends in an hour or two, I can't send him bitcoin as it will take too long. I need to use paypal.

Obviously. For microtransactions you have paypal. VISA. Or another crypt. Actually BTC cap is 7 transactions per second. VISA is +2000 per second.

BTC was never intended as a microtransactions system. And BTC could never have been Ripple, because is antagonic to debt-based, created-out-of-thin-air money.

BTC's point is a completely different one. It's more about freedom than about convenience.

I guess you need to read more and educate yourself, because you are not getting BTC's point if you think that not being ideal for fast micro-transactions is a flaw. Again: it was not designed with that in mind. The problems it solves are different, and deeper.

Ahem... Bitcoin=Gold, LTC=Silver and as for the reddit bot, this is just a relatable example in a very young innovation. You stick to your Ripples, we will keep our finite monies.

Yep. Sure. Started from scratch as a piece of code in 2009 and here we are, looking how all the three letter agencies stare at it. Even Coinseeker the patriot is hooked in the bitcointalk forums chatting with bitcoiners terrorists, because it is such a failure.

BTW, today I sent money BTC to one of my best friends who recently moved to a South American country. He cannot easily send money out of where he's currently living, nor receiving money from abroad, because he just opened a bank account and he has not been working in the country for at least 3 months, so international wires are "disabled". Funny regulation, right?. Well, we just said *fuck off* to that, only two hours ago. True story. But yeah, what a failure.

Saying that what is happening with Bitcoin now "is a failure" defines yourself.

So how does he plan to spend it?  With all the regulation and all.  


As a store of value, it's an absolute success.  Yet still dwarfed by the thousands of years that gold has survived as a store of value. 

Isn't ripple such service?

Such demand is Silkroad