dilemna with ripple - i just don't get it - page 2.

fran2k

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Activity: 784

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Quote from: Frozenlock on May 30, 2013, 04:58:39 PM

Quote from: ?? on ??

Ripple is good, i made 7.5 btc some days ago selling my free 50,000 ripples Grin

So... free BTCs? How can I get them? Grin

Steal the Ripple Source. Make 1 trllion ZRPs. Promote the fork as an Open Source alternative of Ripple. Don't release the code. Profit.

bitwhizz

legendary

Activity: 910

Merit: 1000

oh i though he meant that the xrp is divisible to seven decimal places, so essentially people could just send each other 0.00001 ripples as appose to a whole ripple therefore the ripple will never go up in price, could individuals now collectively keep the price of a ripple low to 0.00001 riples per transaction so they don't need to buy more ripples when transacting between each other ? theoretically people can still do that?
also theirs still no logic to the price of a ripple being high due to it its sheer volume from what onkel paul said

MAbtc

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Activity: 826

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Quote from: bitwhizz on May 30, 2013, 05:02:13 PM

Quote from: OnkelPaul on May 30, 2013, 04:57:01 PM

Ripples can be subdivided to one millionth, and the current transaction fee is 0.00001 XRP, so with ripples for just a few dimes you should be able to do all the transactions for a lifetime.
You need some as a reserve, though, for keeping accounts, credit lines and trade offers. These are not consumed but must be present to be able to use the system.
Both of these mechanisms do not make transactions or accounts expensive, but they should deter some forms of misuse.

Onkel Paul

Onkel paul, thanks for that, but you have now confused me more, if with a few dimes you can do transactions for a life time, surely the price of ripples should not increase ever,

Why? This is just for transaction fees. It has nothing to do with the utility of XRP as currency. And it means the supply of ripples will contract over time (ever so slightly).

bitwhizz

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Activity: 910

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Quote from: OnkelPaul on May 30, 2013, 04:57:01 PM

Ripples can be subdivided to one millionth, and the current transaction fee is 0.00001 XRP, so with ripples for just a few dimes you should be able to do all the transactions for a lifetime.
You need some as a reserve, though, for keeping accounts, credit lines and trade offers. These are not consumed but must be present to be able to use the system.
Both of these mechanisms do not make transactions or accounts expensive, but they should deter some forms of misuse.

Onkel Paul

Onkel paul, thanks for that, but you have now confused me more, if with a few dimes you can do transactions for a life time, surely the price of ripples should not increase ever,

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: ?? on ??

Ripple is good, i made 7.5 btc some days ago selling my free 50,000 ripples Grin

So... free BTCs? How can I get them? Grin

Odalv

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Activity: 1414

Merit: 1000

Vote :-)

a) scam
b) manipulation
c) stupidity

OnkelPaul

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Merit: 1005

Ripples can be subdivided to one millionth, and the current transaction fee is 0.00001 XRP, so with ripples for just a few dimes you should be able to do all the transactions for a lifetime.
You need some as a reserve, though, for keeping accounts, credit lines and trade offers. These are not consumed but must be present to be able to use the system.
Both of these mechanisms do not make transactions or accounts expensive, but they should deter some forms of misuse.

In my opinion, the current XRP price is way too high, people are speculating but they don't realize that XRP is pre-mined and there's a lot of it. I don't consider this a bad thing, it just means that XRP are not comparable to bitcoins, they serve a different function.

Onkel Paul

Birdy

sr. member

Activity: 364

Merit: 250

Also another giveaway is on the way.
Hey, guys you are going to get lots of them for free! Clear sign that price is skyrocketing, buybuybuy!!
I don't really understand that either o,O

RationalSpeculator

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Activity: 294

Merit: 250

This bull will try to shake you off. Hold tight!

ripple makes no sense

market is wrong often

adamstgBit

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Activity: 1904

Merit: 1037

Trusted Bitcoiner

Ripple:
  pre mined
  closed source
  centralized
  massive supply
  complicated to use
  hardly functional!

BUY BUY BUY

bitwhizz

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Activity: 910

Merit: 1000

i am finding it hard to comprehend how Ripple will gain value
ok so
if each ripple is essentially just a transaction, why is the price so high?
there are 100 billion ripples which is basically 100 billion transactions, why do people think that this is a limited amount of ripples which will increase in value when
liberty reserve has only done 55 million transactions in its lifespan

it doesn't make sense unless people actually think that on average the whole population of the human race will end up doing just under 20 transaction each

to invest in ripple is pretty much betting that everyone will use it, everyone

so why is the ripple price going up?

Topic: dilemna with ripple - i just don't get it - page 2. (Read 1435 times)