What did I say that is wrong? Oh, and Ripple is very different from eGold since it's peer-to-peer and open source. Most importantly, Ripple allows payments to

What did I say that is wrong? Oh, and Ripple is very different from eGold since it's peer-to-peer and open source. Most importantly, Ripple allows payments to "ripple" through people until they reach the end target. All this is very different from eGold, a centralized, closed-source payment processor. Ripple themselves doesn't hold any currency except for the base XRP (Ripple) unit of account, which they require for opening an account, transactions, and various other actions. I agree that RippleLabs has poorly distributed this XRP they created as their system's base currency. This has left them open to accusations of scam(not really) and greed(totally), which is too bad given the incredible technology Ripple offers. RippleLabs has also done a pretty poor job marketing their increasingly advanced technology. In the end, Ripple can happily co-exist with Bitcoin, and offers solutions to many of the problems Bitcoin will soon face (such as transaction load). But I don't see this happening unless the cryptocurrency community decides to approach Ripple with an open mind, and unless RippleLabs puts down the arrogance and actively communicate with the community. Signed, A dedicated Bitcoiner since winter 2010/2011