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JonHolmquist

Satoshi's thoughts on the original Ripple project

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Guest

that was some super interesting stuff, cheers

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From Sakamoto:

Quote

The existing Visa credit card network processes about 15 million Internet purchases per day worldwide.  Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost.  It never really hits a scale ceiling.  If you're interested, I can go over the ways it would cope with extreme size.

By Moore's Law, we can expect hardware speed to be 10 times faster in 5 years and 100 times faster in 10.  Even if Bitcoin grows at crazy adoption rates, I think computer speeds will stay ahead of the number of transactions.

LOOOOL

Edited by tulo

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1 minute ago, Mercury said:

Somewhere somehow some bitcoin purist spontaneously combusted

This one got me good :spinlol: .

All this laughing made me wonder where @Morty has been. He's always good for a laugh.

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Guest

@JonHolmquist...

are you sure this is a quote. I don't think OpenCoin existed in those days and certainly "Ripple" did not.

Edited by Guest

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Guest

ripple (or an early incarnation of it) does in fact predate bitcoin

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Guest

@JonHolmquist

Thanks... ya... I have been stuck in traffic... that occurred to me after I posted.

--

Do you have a reference to Ryan's definition of his view of a Ripple currency?

He is a guy I should be 'following'

:-)

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