Ripple Credit System Could Help or Harm Bitcoin

14 January 2013—This Christmas season I bought my very first bitcoins. The idea was to give them as gifts to my family, thus setting the Pecks out on the adventure of figuring out how Bitcoin —the four-year-old decentralized, stateless cryptocurrency —works and why it might be important. I enjoy giving homework as a present. The adventure, however, turned out to be my own, as I first had to find a way to get some bitcoins. Apparently there are a few ways: You can join the network that creates bitcoins and mint them at a slow, unpredictable pace. You can accept them as payment. You can buy them from a centralized exchange. Or you can find a random stranger online who wants to sell them and meet up with him on the street. I chose the latter, an option that landed me in a coffee shop three days before Christmas, handing over US $100 cash to a man I had never met, whose father...

Full article: http://spectrum.ieee.org/telecom/internet/ripple-credit-s...

Tweets

@AltCoinTrader » 20 Jan '13, 2pm
Ripple Credit System Could Help or Harm Bitcoin - IEEE Spectrum: Ripple Credit System Could Help or Har... [link] #bitcoin
@Freicoin » 20 Jan '13, 9am
RT @blindcyclists: 'Rippl'e P2P credit 'system of debt money without artificially imposed scarcity' currently in dev, public release soon [link]
@ManifestStefany » 20 Jan '13, 2am
Ripple Credit System Could Help or Harm Bitcoin: 14 January 2013—This Christmas season I bought my very first bi... [link]
@bitcoinnews » 18 Jan '13, 2pm
RT @IEEESpectrum: Ripple Credit System Could Help or Harm Bitcoin: Decentralized, peer-to-peer credit could either be the exchange... [link]
@tracegilton » 17 Jan '13, 9pm
"This Christmas season I bought my very first bitcoins to give them as gifts to my family" [link] h/t @HeyVeronica
@HeyVeronica » 17 Jan '13, 9pm
Bitcoins are still a thing? [link]
@GoodWinGaming » 17 Jan '13, 6pm
@IEEESpectrum examines #bitcoins and whether new #Ripple credit system will prove friend or foe to cybercurrency [link]
@mattb_stellar » 17 Jan '13, 6am
RT @guttertec: Ripple will debut in a few weeks as a peer to peer credit system for Bitcoin. Will it help or hurt Bitcoin? [link] #bitcoin
@DirectPayNet » 16 Jan '13, 3pm
Ripple will debut in a few weeks as a peer to peer credit system for Bitcoin. Will it help or hurt Bitcoin? [link] #bitcoin
@blindcyclists » 16 Jan '13, 10am
'Rippl'e P2P credit 'system of debt money without artificially imposed scarcity' currently in dev, public release soon [link]
@pro2rat » 16 Jan '13, 12am
'..the four-year-old decentralized, stateless cryptocurrency [link]
@QIMP3G » 14 Jan '13, 11pm
RT @webisteme: #Ripple c'ld either be the exchange Bitcoiners want—or the nascent currency’s 1st credible competition [link]
@jmcorgan » 14 Jan '13, 10pm
RT @electricwings: ieee spectrum: Ripple Credit System Could Help or Harm Bitcoin [link]
@webisteme » 14 Jan '13, 10pm
#Ripple could either be the exchange Bitcoiners want—or the nascent currency’s first credible competition [link]
@tim_harper » 14 Jan '13, 10pm
RT @CientificaLtd: Ripple Credit System Could Help or Harm Bitcoin [link]
@electricwings » 14 Jan '13, 10pm
ieee spectrum: Ripple Credit System Could Help or Harm Bitcoin [link]
@IEEEGreen » 14 Jan '13, 9pm
Ripple Credit System Could Help or Harm Bitcoin [link] #IEEE #IEEEGreen
@CientificaLtd » 14 Jan '13, 10pm
Ripple Credit System Could Help or Harm Bitcoin [link]
@electrosoftinc » 14 Jan '13, 9pm
Ripple Credit System Could Help or Harm Bitcoin [link]