Topic: Opinion: Why Ripple/XRP Doubled In Value in Less Than A Week - page 5. (Read 10221 times)

Roughly what date did you see this pattern on MT.GOX? Was it near the time it closed down?

lol  



Seriously, wtf am I even looking at here?

I think any discussion with Ripple belongs in the Altcoin section, with all the P&D scams, pre-mines, etc.

That is NOT normal, I think anyone should seriously reconsider before putting any money into this.

You're always welcome on the official forum Sukrim!

Rolling my eyes any finite number of degrees is not a sufficient response to this... let's be generous and call it a post.

Ya man, let's have a "discussion" about Ripple with an employee of Ripple Labs.

Ripple is obviously positioning itself to be bought out by a BANK...
And that will finally close the circle of deceit and betrayal:

(1) Under false pretenses bootstrap a corporation on top of the Bitcoin community.

(2) Lie about everything for 2 years.

(3) Sell out to a bank... the mortal enemies of the Bitcoin community.


"See the little faggot with the earring and the makeup...
That little faggot got his own jet airplane...
That little faggot he's a millionaire.

That ain't workin' that's the way you do it...
Money for nothin' and chicks for free."

I am unsure actually where to discuss Ripple. Every time I try to start a discussion here, it gets flooded by "gtfo shill" posters, if you try to discuss Ripple, not XRP you still get moved to Altcoin-hell and I seriously dislike XRPTalk...

On the other hand this makes Ripple even more "obscure", people think they know more about Ethereum or Open Transactions than a decentralized exchange that runs for nearly 2 years now. Maybe stackexchange might work?

I agree but its because this forum is mostly used by altcoin members and they are like greenpace followers the only thing they want is a decentralized system and everything that doesnt meet their point of view will be bashed unfortunately.

And like the greenpeace followers their intentions are good, but they just dont understand that the things they want will never be used by the mass, simply because the world doesnt work that way. Im not saying altcoins are bad, but they will never be more then a niche market thats a simple fact because governments demand regulation and they need to control money to be able to handle taxes and to avoid criminal activities.

In my opinion ripple combines the two worlds together. So fast, easy and cheap payments through the regular channels.

So you can say what you want but they will probably always be against ripple. Its like starting a discussion with a vegitarian about meat!

I thought things might have changed around here after my hiatus but it seems the same as ever. It really is a shame that there isn't a good neutral place to have mature discussions (except for xrptalk.org, which is closing).

Coinmarketcap used to look like this:
http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/

Since people complained that "premined" coins are overinflated and only publicly available amounts should be displayed, the default page was switched to "Market Cap by Available Supply" (See the dropdown menu when you click on "Currencies").

It is a bit saddening that it is still quite hard to have an actual discussion about Ripple on Bitcointalk without having to explain fundamentals (and threads getting derailed or at least trolled). Also, while XRP is a currency, I personally do not particularly recommend anyone to buy more than you'd need to run an account (which amounts to less than the cost of 1 Starbucks Latte of Mr. Karpeles). If you want to speculate on its value, as already said numerous times in this thread: There are REALLY big whales like Ripple Labs out there that hold several times more than what's on the market right now. If that still doesn't scare you - trade away I guess?!

I see the utility of Ripple not in XRP, they are one of the more boring parts actually. Unfortunately it's hard to talk about the more exciting ones, as a lot of people around here seem to be more fixed upon the idea of Platform == Currency (which doesn't even really apply to Bitcoin).

Already covered. Ripple Labs does not control how coinmarketcap.com calculates market capitalization. If you want to see the data for the full quantity, it is available via a drop down on coinmarketcap.com.

Well...took the words right out of my mouth! I couldn't have said it better!

XRP != Ripple. Ripple is a distributed protocol and network. XRP is its built-in network currency, which does not entail counterparty risk. It is similar to Bitcoin in that specific regard. Its value is tracked on coinmarketcap.com.

You can learn about both Ripple and XRP on Wikipedia in this article.

I am not sure what your criteria is for proving XRP is a currency.

Because every time you even mention Ripple outside of Altcoin Discussion, threads get moved here by mods. This leads to further confusion of course, since a lot of people view Ripple (the platform) synonymously with XRP (the currency). You amongst them probably, judging from your (slightly confused) answers.

BTC don't hold value either by the way, other than their utility.

Why? He's been on here for years (way before he joined the RL team) and states his opinion every so often.  What is there to regret?  He knew the premine shit would come along but maybe there was a chance of a successful conversation on bitcointalk but it failed once again.  There were other threads asking this question, so he started his own.  There was not one thing said to make him regret anything. 

What do you think there is to regret?  That Ripple Labs is going to sell/distribute xrp over the next few years so the market cap is going to jump every month but at the same time the xrp price stays stable?

to OP : i bet you regret creating this post by now

XRP is not a pod that stores other currencies. External currencies are issued independently on the network.


You are incorrect on concerns of IOU redemption value. Issued BTC IOU are generally redeemable 1:1 in off-network BTC---regardless of off-network price fluctuations. Also check ripplecharts.com for trade prices within the network; they follow off network exchange values.


XRP is an independent deflationary zero counterparty risk currency, like Bitcoin, and traded for its own unique value within the Ripple network. It makes the higher level functionality of Ripple possible.


We are in agreement!

IOU on the Ripple are only as trustworthy as their issuers. They are, however, arguably potentially slightly safer than storing in a centralized exchange, in that Ripple allows you to more quickly exit your position or transfer out in the event issues arise.

Keeping your BTC in a well secured BTC cold wallet is the safest option, no doubt.

Ripple adds value at exchange, transfer, settlement, and payment levels---not storage.

In contrast to IOU, however, XRP has zero counterparty risk, which is why many convert all external assets to XRP. A common pattern is jumping in and out of XRP to take advantage of market fluctuations.


I think this thread does well illustrating that a lot of the knee jerk negative responses to Ripple in this community arise from misunderstanding.

Brand usage guidelines . I believe the issue arose during the early days of Ripple when scammers were actively misleading the community,  attempting to use the Ripple brand to lure in users. If a RL staff member could correct me on this point, if inaccurate,  it would be appreciated. I believe there may also be liability concerns.

I wrote the description of XRP as a currency that I linked to. Like BTC, XRP is a deflationary currency that requires zero counterparty trust. It simultaneously facilitates activity on the Ripple network supporting transaction and exchange of foreign currencies. All of that points to value in my eyes.

Ripple Labs has taken a utility first approach. By making the Ripple network as useful as possible,  that also supports the long term value of XRP, as it is an integral component of the features the network needs to operate.

Ripple is a distributed network and protocol, running on open source software, not a centralized exchange.

Ripple is positioning itself against the big correspondent banks, at least in the area of international transfers. Its technology enables smaller and more innovative banks and financial services to compete in international transfers, and that is the current emphasis of bank adoption.

USD/EUR/CNY/BTC/LTC/DOGE, while on the network, are similar to the concept of bank notes. A use case would CryptoExchange.A and CryptoExchange.B both having BTC markets and Ripple integration, as well as trust lines or liquid markets for IOU/note exchange. A user from CryptoExchange.A sees an arbitrage opportunity on CryptoExchange.B. Instead of withdrawing BTC to transfer over the BTC network (slow), the user could instantly transfer his balance between the exchanges, and can take advantage of the arbitrage opportunity while everyone else waits for confirmations. Ripple.

XRP is a currency and accounts for the value tracked on coinmarketcap.com.

It's fine to invent something wonderful
But it becomes huge when You can turn it into something useful..

https://xrptalk.org/topic/4430-vinne-falco-opinion-why-ripplexrp-doubled-in-value-in-less-than-a-week/?p=54566