I can't emphasize enough how bullish this is for Bitcoin.
Ripple was the longest standing of all the alts and they even looked to be making a go of it with the recent Fidor bank deal. For them to go down like this from precisely what you and I warned about from the very beginning spells trouble for ANY AND ALL alts that do a premine. Ripple had some of the most vicious and dedicated backers (trolls) of any of them along with stellar devs like David Schwartz and Stefan Thomas.
This is huge. For Bitcoin.
There was also the precedent of Mastercoin. Despite his promise to not sold before 0.75, J.R Willet sold a bunch of his stash at 0.15. The price was divided by half in the process, and never recover. It's now at 0.05.
ok, Mastercoin and Ripple down.
i just got done listening to Daniel Larimer from Bitshares talk about his difficulties dealing with the complexity of trying to layer multiple platforms. his thing about "delegates" sound like gateways to me and centralization. doesn't sound promising.
even Darkcoin involves something about Masternodes which are required.
until proven otherwise, Bitcoin is IT.
