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Satoshi's thoughts on the original Ripple project


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"Ripple is interesting in that it's the only other system that does something with trust besides concentrate it into a central server." - Satoshi Nakamoto Sun, Apr 12, 2009 at 10:44 PM   Fro

Somewhere somehow some bitcoin purist spontaneously combusted

From Sakamoto: LOOOOL

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From Sakamoto:

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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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@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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