12 Apr '13, 4pm

Why Bitcoin crashed, and how Ripple might avoid the same fate

I think you misunderstood an essential thing about what Ripple; it’s not really a Bitcoin-alternative as much as a companion. It’s true that on a conceptual level Ripple sound very complicated, but from the user’s perspective it’s a real simple piece of software to use. It feels just like loading in whatever currencies you need through a gateway and then sending them off just like you transfer money between bank accounts today, but as accessible as sending e-mail. Ripple is not all about its own currency XRP (or “ripples”). It’s about IOU:s which are proofs of debt that the gateways issue. (Just like a bank is in debt to you once you deposit cash and get higher numbers on your account.) These can be used as virtual money representing any currency as long as there’s a chain of trust leading to the gateway (which means I trust a friend up to a certain amount who trusts the g...

Full article: http://gigaom.com/2013/04/12/why-bitcoin-crashed-and-how-...

Tweets

Bitcoin rival Ripple looks to make waves: The o...

pcworld.com 11 Apr '13, 12pm

The online virtual currency Bitcoin has generated some serious buzz lately, with its value soaring past $200 for the first...

Ripple, la red P2P de crédito que complementa la economía de Bitcoin

Ripple, la red P2P de crédito que complementa l...

alt1040.com 12 Apr '13, 6pm

El sistema que propone Ripple está sustentado por una empresa que, lógicamente, tiene como objetivo ganar dinero y, claro ...

OpenCoin raises funding from Bitcoin Opportunity Fund and others to launch Ripple virtual currency by @nisummers

OpenCoin raises funding from Bitcoin Opportunit...

thenextweb.com 11 Apr '13, 12pm

OpenCoin has closed an angel round of funding with participation from Andreessen Horowitz, FF Angel IV, Lightspeed Venture...

Here's an explanation of the rule that helped T...

usga.org 13 Apr '13, 1pm

A competitor moves his ball on the putting green with his finger in the act of removing his ball-marker. The competitor se...

Big-Name Investors Back Effort to Build a Bette...

technologyreview.com 11 Apr '13, 10pm

The value of a Bitcoin has grown in the four years since the digital currency was invented, but there’s been little intere...

BBC News - Bitcoin panic selling halves its value

bbc.co.uk 11 Apr '13, 11am

11 April 2013 Last updated at 10:43 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...

Bitcoin Celebrated As Way To Avoid Taxes

huffingtonpost.com 16 Apr '13, 5pm

The issue (as I see it) is that Bit-coins have no real negotiable worth other than "Stated worth". It's not like Gold, whi...

So, Bitcoin Crashed. Now What?

fastcolabs.com 18 Apr '13, 3pm

This story is part of a longer trend we're tracking: The Rise Of Bitcoin: What You Need To Know Writing about Bitcoin is d...

@04Maninder also, you might find this interesti...

londontravelwatch.org.uk 14 Apr '13, 4pm

You are here: Consumer Advice > Refunds and Compensation Refunds and Compensation for London Transport This page tells you...

Panic selling forces Bitcoin crash

bbc.co.uk 11 Apr '13, 10am

11 April 2013 Last updated at 10:43 GMT Share this page Delicious Digg Facebook reddit StumbleUpon Twitter Email Print Bit...

Now is the time to gamble on bitcoin

Now is the time to gamble on bitcoin

QZ.com 12 Apr '13, 7pm

If you’ve got money you can afford to lose and a penchant for gambling, there’s no better time than now to plow that cash ...

Beyond The Bitcoin Bubble

Beyond The Bitcoin Bubble

techcrunch.com 13 Apr '13, 1pm

A few months ago, while visiting a hacker friend’s magnificent new San Francisco loft, he gestured to a little alcove stuf...