Rippln - da fuk?

golan

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Dec 1, 2009
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Someone sent me an invite today... I have no idea what is this, they say some distributed quasi money - like Bitcoin? Here is the site, and said they launch full in the end of May...

Someone knows what is it?
 


Got in, but don't really know what it is yet.. It is supposed to be an app of some sorts and you are supposed to make money if you get a few more people to join.. Smells like a money pyramid, but they aren't asking for any money yet, so I will wait and see..
 
MLM with apps and other freemium products from what I understand.

Not sure how payments work. They have a crapton of people who have signed up (Something like 250k or so) to distribute the products.
 
Pyramid scheme. It's run by known scammers and it's all about getting people in. Preferably paid members. Which you can only do once you're using one of their paid accounts. Good luck. I suggest you give cash gifting a go.
 
I'm not sure about the details, but "Ripples" are like peer-to-peer credit cards. It's something to do with trying to rid Bitcoin of the central exchanges, and these let you issue credit lines to your closest friends, who can then purchase using Bitcoin with it without having any actual Bitcoin, etc.

Or something like that, I don't know. Google it.
 
Got invited a while ago.. just one of those ponzi short-term money makers. You have to share something with people and you then get paid if they share it to more people.
 
Any links/sources to scam information behind this? A buddy of mine is promoting it fairly heavily and I'd like to help keep him from looking like an ass.
 
It's been incorporated into the bitstamp site in the deposit and withdrawal sections, but I don't know what it does.

"Rippln" and "Ripple" are two different things.

"Ripple" is meant to be a virtual currency gateway that is due to launch, that allows you to exchange BTC for fiat or whatever you want. That's what's been incorporated into Bitstamp.

"Rippln" is a pyramid ponzi scheme.

One is trading on the other's name to attract members...
 
[ame=http://www.youtube.com/watch?v=Esr4MEu20bs]Champipple - Sanford & Son - YouTube[/ame]
 
Too many new alternative coins are coming up. Many of them now have insane valuations. Crazy shit.

I wonder how long until this whole thing crashes