RE: Ripple is likely to tripple and Bitcoin gonna cripple. :/

[tokyo-to]

A few Reasons Ripple ISN't Bitcoin. Open to your counter arguments,

1. Ripple Network Effect - Small & Weak , No one has Ripple wallets.
2. Decentralisation - None. Large ownership of coins are with the founders.
3. Censorship Resistance- Low to None . Government or Banks (as Proxy for Government are able to censor, stop, amend supply or do anything they wish to Ripple. It cannot be an independent store of value.
4. Replication: How is ripple not simply replicated/ duplicated by the banks or government agency working with the banks?
   More to come on this, just curious on your responses to ponts 1-4

Comments

[armsun]

1. Ripple Network Effect - Small & Weak, No one has Ripple wallets. - Still it's 2nd in rank. Imagine when Wallet like coinbase will add Ripple. 4) Replication: How is ripple not simply replicated/ duplicated by the banks or government agency working with the banks? - One back can't handle all money transfer so, unless they all get together and build another ripple, I don't see how they can Replicate. Banks have already invested 15 B so far to do so but we havn't heard any of them just yet.

[tokyo-to]

What about # 3 Censorship Resistance Issue? Do you understand why this is important?

[tokyo-to]

Ripple is a scam - Peter Todd