Daily Anarchist Forum

General Category => General Discussion => Topic started by: Will on March 18, 2012, 02:50:11 PM



Title: Ripplepay
Post by: Will on March 18, 2012, 02:50:11 PM
http://ripplepay.com/about/

Obviously it is still way too small to be of much use, but it is an interesting concept. How do you guys feel about it?


Title: Re: Ripplepay
Post by: Seth King on March 18, 2012, 04:18:35 PM
I think it was agoristteen you brought this to the forum's attention a couple of months ago.

I think it's a nifty idea with poor execution. I think any new innovation in money transmittance is doomed to fail if it is based on the Dollar.


Title: Re: Ripplepay
Post by: randallstevens on March 18, 2012, 04:20:07 PM
More debt based currency. I don't see a need for it, but the market will decide.


Title: Re: Ripplepay
Post by: Will on March 18, 2012, 05:48:28 PM
I think it was agoristteen you brought this to the forum's attention a couple of months ago.

I think it's a nifty idea with poor execution. I think any new innovation in money transmittance is doomed to fail if it is based on the Dollar.

Ah, should have done a search before I posted, I just ran into it on reddit.

From what I can tell its not really based on any one currency, though. On his home page it says he accepts almost 20 different currencies and on his intro video he uses Bitcoin as the example...


Title: Re: Ripplepay
Post by: Seth King on March 18, 2012, 06:18:48 PM
I think it was agoristteen you brought this to the forum's attention a couple of months ago.

I think it's a nifty idea with poor execution. I think any new innovation in money transmittance is doomed to fail if it is based on the Dollar.

Ah, should have done a search before I posted, I just ran into it on reddit.

From what I can tell its not really based on any one currency, though. On his home page it says he accepts almost 20 different currencies and on his intro video he uses Bitcoin as the example...

My bad. It had been a while since I looked at it and I didn't remember being that impressed. Perhaps it just needs better management. I mean, it's been around for over a decade and hasn't gone anywhere.


Title: Re: Ripplepay
Post by: Will on March 18, 2012, 06:34:00 PM
Quote
My bad. It had been a while since I looked at it and I didn't remember being that impressed. Perhaps it just needs better management. I mean, it's been around for over a decade and hasn't gone anywhere.

Yeah, I was more interested in the concept than the execution. It seems like the user base is just way to small to accomplish much of anything.


Title: Re: Ripplepay
Post by: Seth King on March 18, 2012, 06:42:09 PM
Quote
My bad. It had been a while since I looked at it and I didn't remember being that impressed. Perhaps it just needs better management. I mean, it's been around for over a decade and hasn't gone anywhere.

Yeah, I was more interested in the concept than the execution. It seems like the user base is just way to small to accomplish much of anything.

I think the idea is cool.