Hacker News new | comments | show | ask | jobs | submit login

FTA ' Ripple (XRP) is a new decentralized Bitcoin-like currency '

There are people who want to promote it that way, but that doesn't include the people who designed and built it. Check out http://ripple.com/

But the point is that if they (XRP) come to have any monetary value at all, the whole thing reduces to a ponzi scheme with benefits.

I'm not totally sure on this, but AIUI XRP is a new currency and Ripple is a system that can trade any currency including XRP, BTC, USD, etc.

Guidelines | FAQ | Support | API | Security | Lists | Bookmarklet | Legal | Apply to YC | Contact