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Tue May 28 11:47:10 UTC 2013  <mjr_>   LOL

Tue May 28 11:47:07 UTC 2013  <mjr_>   Chris Larsen: Ripple is HTTP for money

Tue May 28 11:43:47 UTC 2013  <mjr_>   hahaha

Tue May 28 11:41:30 UTC 2013  <mjr_>   yeah

Tue May 28 11:40:49 UTC 2013  <mircea_popescu>   mjr_ imagine if somebody coded a bitcoin client which random,ly replaced your btc balance with ltc

Tue May 28 11:39:45 UTC 2013  <mjr_>   oh wait, i could have done thta with bitcoin except had more options on how to cash out

Tue May 28 11:39:34 UTC 2013  <mjr_>   if i want cash i can actually spend somewhere, i have to get cash in bitstamp and have them wire it to my bank account

Tue May 28 11:39:14 UTC 2013  <mjr_>   so yeah

Tue May 28 11:38:10 UTC 2013  <KRS-1>   mjr_ you just said it best. "people make things way too complicated"

Tue May 28 11:38:01 UTC 2013  <mjr_>   yes

Tue May 28 11:37:50 UTC 2013  <mjr_>   people make things way too complicated

Tue May 28 11:37:37 UTC 2013  <mjr_>   that is the point, where do i go to pick up my cash

Tue May 28 11:37:25 UTC 2013  <mjr_>   no ripple just moves it between centralized exchanges

Tue May 28 11:37:16 UTC 2013  <mjr_>   LOL

Tue May 28 11:36:55 UTC 2013  <mjr_>   no actual money moves across ripple just iou's

Tue May 28 11:36:45 UTC 2013  <mjr_>   is all they are offering

Tue May 28 11:36:41 UTC 2013  <mjr_>   interesting accounting system really

Tue May 28 11:35:44 UTC 2013  <mjr_>   anything that a ripple trusted gateway can do, a bitcoin exchange can also do

Tue May 28 11:35:22 UTC 2013  <mjr_>   they have no magic compliance behind them

Tue May 28 11:35:12 UTC 2013  <mjr_>   "fully compliant trusted gateways"

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