Bitcoin is a remarkable piece of technology, something that has given me great hope about our future as a species.
Ripple does the same, but in its own way (one of the most exciting parts of Ripple is the ability to trade physically backed, deliverable precious metals). And for the “gold bugs” that like the idea of Bitcoin, but don’t like its lack of backing, well here you go.
We aren’t going back to gold coins in people’s pockets, nor should we ever want to. A state-backed gold currency would also be a mistake and a major step backwards. Ripple allows precious metals as money to be taken to a whole new level.