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Ripple. Its more stable and is being adopted by financial institutions (AMEX being one of the biggest so far). I honestly think it'll be the first widely used

Ripple. Its more stable and is being adopted by financial institutions (AMEX being one of the biggest so far). I honestly think it'll be the first widely used crypto. Its a little different from Bitcoin, but I think it'll do well in the long run.

reefoctopus 9y ago
Isn't ripple centralized?
- shepardrtc 9y ago
  A little. Transaction validation is distributed amongst validators installed at organizations across the world. I think there's around 58 or so now, but they're pushing to have a lot more. And they're eventually going to have it where none of them are controlled at all by Ripple (the company). They've listed MIT and Microsoft as organizations already running validators, as well as a number of foreign companies I've never heard of (WorldLink, Telindus-Proximus Group, Bahnhof, and AT TOKYO?). So yes, its a little more centralized than Bitcoin, but everything I read really gives me the impression that they're handling things in the right way, so as to have a balance between network performance and distributed safety, without any one person/group being able to manipulate the ledger. So there'll never be any mining farms that can throw their weight around. If anyone is really curious, do your research and I think you'll find the tech to be pretty interesting.
welikethepark 9y ago
What are your thoughts re: Stellar? I'd personally rather see them succeed than Ripple.
- shepardrtc 9y ago
  The idea pitched for Stellar is very feel-good, but there are a number of drawbacks. First of all, the creator is a little sketchy. The way he acted when he bailed on Ripple and set up Stellar was very childish. Second, the non-profit status is questionable. There are a lot of unknown people that stand to gain a lot of money if the currency increases in value. They claim to give away a lot of their currency, but very few people actually claim it, so in the end, the company itself gets to claim it (and set the stage for a profit down the road). They did get IBM to throw their name in to the mix, but even IBM said this was temporary. I don't know. I just don't get a good feeling from them.

reefoctopus 9y ago

Isn't ripple centralized?

shepardrtc 9y ago
A little. Transaction validation is distributed amongst validators installed at organizations across the world. I think there's around 58 or so now, but they're pushing to have a lot more. And they're eventually going to have it where none of them are controlled at all by Ripple (the company). They've listed MIT and Microsoft as organizations already running validators, as well as a number of foreign companies I've never heard of (WorldLink, Telindus-Proximus Group, Bahnhof, and AT TOKYO?). So yes, its a little more centralized than Bitcoin, but everything I read really gives me the impression that they're handling things in the right way, so as to have a balance between network performance and distributed safety, without any one person/group being able to manipulate the ledger. So there'll never be any mining farms that can throw their weight around. If anyone is really curious, do your research and I think you'll find the tech to be pretty interesting.

welikethepark 9y ago

What are your thoughts re: Stellar? I'd personally rather see them succeed than Ripple.

shepardrtc 9y ago
The idea pitched for Stellar is very feel-good, but there are a number of drawbacks. First of all, the creator is a little sketchy. The way he acted when he bailed on Ripple and set up Stellar was very childish. Second, the non-profit status is questionable. There are a lot of unknown people that stand to gain a lot of money if the currency increases in value. They claim to give away a lot of their currency, but very few people actually claim it, so in the end, the company itself gets to claim it (and set the stage for a profit down the road). They did get IBM to throw their name in to the mix, but even IBM said this was temporary. I don't know. I just don't get a good feeling from them.