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I think for a cryptocoin to be useful in the real world, scaling and quick transaction times has to be a priority from the start of the design. Its not somethin

I think for a cryptocoin to be useful in the real world, scaling and quick transaction times has to be a priority from the start of the design. Its not something you can fix, as an afterthought. That's why I like xrp. Low transaction times, and it scales well. It is permissioned in the sense that every validator-node needs to keep a list of all the other validator nodes it trusts. Which means validators without a reputatable company behind them, might find it hard to become trusted by anyone else. Thats a price worth paying for scalability, in my opinion.

leppr 8y ago
What a Crypto Currency needs too is price stability, and that isn't tackled by XRP, nor can it be added to it since it has no smart contract capability. So you sacrifice decentralization for only one of the necessary characteristics of money. Not worth it, PayPal works fine for now.
mihaifm 8y ago
It's easy to scale when your transactions are basically only tcp/ip messages between trusted nodes. There has to be a bettwer way...I'm personally in favor of dPoS (delegated proof of stake) networks, that can have high throughput without sacrificing decentralization, with consensus achieved by representatives that can be changed by everyone in the network. Still, xrp might have applications in the banking world, time will tell.
- cdiddy2 8y ago
  I am concerned that dPOS will lead to cartel like organizations in the long run as the rich get richer and can vote for themselves
  - rhyzom 8y ago
    AFAIK, all dPoS systems have so far proven to fairly quickly spiral into what you just described. Waves uses a leased PoS that might be worth exploring in more detail (or I've been meaning to anyway).
mkirklions 8y ago
XRP is a currency, ETH is supposed to be a smart contract platform. I believe in cryptoCURRENCY, as people do pay extra for validation in currency. XRP and Monero are both designed for payments. ETH, is being used as a currency, but this is a mistake. ETH is designed to run apps, and is doing that poorly.
- pietjepuk88 8y ago
  I would say that Ethereum is the smart contract platform, but that Ether (ETH) is a currency. That's based both on how it's used, and on how the protocol separates normal transactions from smart contract interactions (including token transfers). I like the fungibility that Monero offers (making it similar to cash), but I just can't wrap my head around Ripple. I always associated cryptocurrencies with decentralized and trustless (at least at its core), neither of which seem to apply to Ripple. I would have preferred a "trusted party" system on top of a decentralized one to get higher transaction speeds, e.g. when the stakes/amounts are low.
  - AltVanilla 8y ago
    Ripple is decentralized, in the technical sense. If you are a programmer you will appreciate this. It explains the consensus protocol in detail. I found it fascinating: https://www.youtube.com/watch?v=w4jq4frE5v4 https://www.youtube.com/watch?v=w4jq4frE5v4
- nol13 8y ago
  but my currency runs on eth! nolCoin is an experimental crypto-currency where anyone can make as many as they want for free (plus gas) but only in amounts of a maximum 255 at a time. then when total coins reach uint256 max no more can be made. implemented as standard erc20 token, plus a make(address, amount) function you can use to create coins! get yours now! -> 0xa698933897Cc176cbA5C0C31e7fF4bB5Cd3A9aE4

leppr 8y ago

What a Crypto Currency needs too is price stability, and that isn't tackled by XRP, nor can it be added to it since it has no smart contract capability. So you sacrifice decentralization for only one of the necessary characteristics of money. Not worth it, PayPal works fine for now.

mihaifm 8y ago

It's easy to scale when your transactions are basically only tcp/ip messages between trusted nodes. There has to be a bettwer way...I'm personally in favor of dPoS (delegated proof of stake) networks, that can have high throughput without sacrificing decentralization, with consensus achieved by representatives that can be changed by everyone in the network. Still, xrp might have applications in the banking world, time will tell.

cdiddy2 8y ago
I am concerned that dPOS will lead to cartel like organizations in the long run as the rich get richer and can vote for themselves
- rhyzom 8y ago
  AFAIK, all dPoS systems have so far proven to fairly quickly spiral into what you just described. Waves uses a leased PoS that might be worth exploring in more detail (or I've been meaning to anyway).

mkirklions 8y ago

XRP is a currency, ETH is supposed to be a smart contract platform. I believe in cryptoCURRENCY, as people do pay extra for validation in currency. XRP and Monero are both designed for payments. ETH, is being used as a currency, but this is a mistake. ETH is designed to run apps, and is doing that poorly.

pietjepuk88 8y ago
I would say that Ethereum is the smart contract platform, but that Ether (ETH) is a currency. That's based both on how it's used, and on how the protocol separates normal transactions from smart contract interactions (including token transfers). I like the fungibility that Monero offers (making it similar to cash), but I just can't wrap my head around Ripple. I always associated cryptocurrencies with decentralized and trustless (at least at its core), neither of which seem to apply to Ripple. I would have preferred a "trusted party" system on top of a decentralized one to get higher transaction speeds, e.g. when the stakes/amounts are low.
- AltVanilla 8y ago
  Ripple is decentralized, in the technical sense. If you are a programmer you will appreciate this. It explains the consensus protocol in detail. I found it fascinating: https://www.youtube.com/watch?v=w4jq4frE5v4 https://www.youtube.com/watch?v=w4jq4frE5v4
nol13 8y ago
but my currency runs on eth! nolCoin is an experimental crypto-currency where anyone can make as many as they want for free (plus gas) but only in amounts of a maximum 255 at a time. then when total coins reach uint256 max no more can be made. implemented as standard erc20 token, plus a make(address, amount) function you can use to create coins! get yours now! -> 0xa698933897Cc176cbA5C0C31e7fF4bB5Cd3A9aE4