Topic: Ripple Adds 10 New Financial Firms to 'Blockchain Network' (Read 2975 times)

what a desperate fellow, all one has to see is his desperateness - they will right away discard the disinformation. For your kind information

Ripple is Deflationary - no new coins can ever be mined, and the supply will only be decreasing. How about that ?

add to that, RIpple ( a solid legal backed and licensed company - NOT a hunky dory shady character on onion web ) will be using their own "on-platform-escrow-feature" to Lockup most of the XRP for many years - news coming soon

ROFL .. if nothing your stomach burn will cause u ulcer ... take care fella !

as for ripple investors ... they sleep the best and they earn the best. i really can't give u a single dime and never they will wake up to see the dev's have run away with all their money NOR they will have to go through a community fight for segwit...

Speak for yourself and to yourself. -

tell you what, being Civil - the only response i have for you is - I wont be wasting on you , any more of precious time, as it is now pure bigotry and not worth a single dime.. Oh see that line is even a rhyme ! LOL

You're trying to divert this conversation somewhere else.
That being said, here we talk about 70% of the total supply held locked by Ripple to starve the market and artificially increase the price.

In case you don't understand ( but i am sure you do ) take Gnosis's example. Only 5% of the total supply is released on the market, for people to do what they desire with it; as a consequence, it's market cap, with 95% of tokens held by devs locked, it's at 85mil USD, because the market is starved and there are too few tokens to trade around. That means the real market cap is over 1.5 billion USD. As a comparison, Augur, who basically is a rival of gnosis, has a market cap of 180mil USD. But they don't have most of their tokens locked away to starve the market.

This is what's happening with ripple. People don't understand/research and they do not know that devs own most of the funds, and from time to time, they release them on market and dilute the value on the market, because ripple can't possibly hold a 5.5 billion market cap value with all the tokens released to the market, like most fair projects do.

If you still don't get it, look at Malcoin's coin, 18.8 billion usd market cap, almost as much as bitcoin. Because there are only few tokens to trade around and the total supply is 1 billion tokens. It doesn't have any volume, but it's still 18.8 billion market cap, because the devs hold the funds locked. This is what ripple does.

http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/

BTC distribution will never be matched because it was before the get rich quick mentality kicked in. BUT let's face it, the real goal of a decentralized asset to be utilized isn't in the initial distribution but how it confirms transactions. Mining was freakin awesome until Chinese mining pools started dominating the network, now we have smart contracts/escrow that can control a distribution in a similar manner without the politics/power consumption. Rather than Chinese mining farms confirming transactions Ripple uses validators ran by Microsoft, MIT, CGI, possibly Amazon, etc to accomplish the same thing. While mining btc becomes more centralized, Ripple is actually becoming more decentralized with every validator added. As far as distribution is concerned, Ripple is working on using something like escrow to lock up xrp and distribute in more transparent manner. I wouldn't worry too much about total supply vs available supply this early in the game. Ripple is actually deflationary in a way because xrp is destroyed with transaction fees, I would be more worried about inflation with some of these coins more than current available supply. When it comes to utilization Ripple is definitely one of the very best with validators, tx/sec, governance. When it comes to initial distribution, bitcoin is pretty damn hard to match considering it defined the value of this market so is impossible to do the same thing again with the knowledge we have now.

Bitcoin started in January 2009.
I don't have time to make a detailed answer now, but I think you're wrong.

Your link is about distribution. Doesn't have anything to do with what i just said. BTC has 21mil token limit and in curent circulation there's 16mil.

There's  37billion XRP in circulation and 62 more billions XRP held by ripple. That's twice more than the amount in circulation. Ofcourse they benefit from a higher price. And that's my point. They are the only ones who benefit from it. Investors are there for their milking machine.

mining1 is on a mission against Ripple.

The supply of BTC has increased a lot more compared to XRP https://www.xrpchat.com/uploads/monthly_2016_09/57ee3f31541f5_BTCvsXRPDistribution.thumb.png.aeee0d12dd4e8818f82347041699e94c.png

Ripple holds a lot of XRP, and Ripple said numerous time they benefit significantly if there's price appreciation.

Yes, which means there is no real purpose for speculators to invest into XRP. Because most likely the investors/speculators will lose money.

Ripple is in a position where they can and will milk money from speculators, and only a tiny portion of speculators will make money assuming they exit in time. Ripple in curent situation is like a POW project with 100% annual inflation. No reason to enter in the first place. Because demand doesn't increase with supply, unless the supplied good is getting much cheaper.

If you sell hamburgers for 2$ each, assuming customers don't have to wait in line, then it means you'll sell the same amount even if you place 10 shops near eachother. Then only way to sell more is if you dilute the price of each hamburger from 2$ to 1$. The same with XRP, they will have to badly dilute the curent value of the tokens to get more speculators, assuming they will think of it as "cheap/cheaper".

As I said a couple of times Ripple Labs already has it's investors. They don't really need us. So we can not be investors in regards of XRP but only speculators. Of course they diluting holdings, as they don't want holdings and hoarders on their network. They want to keep the network cheap with a constantly available cheap supply of XRP for their users.
So if the price goes too high or the coin getting to scarce (because of we piling it up on Polo for the next pump), they can inject more coins from their own holdings into the market and stabilize the price and supply on an easily affordable level (and foiling our plans).

I think Spoetnik is wrong on this.

First of all Ripple is a company with mostly corporate investors and they never had any ICO open to the public. So I wouldn't call it and "ICO scam coin".
Banks are definitely interested in the blockchain technology and constantly looking for new ways to simplify internal procedures and decrease costs. Ripple is an already working low cost network with professional developers and a visible company (=accountable) in the background. I'm pretty sure banks would prefer it over basement dwelling developer communities or Russian jack-of-all-trades geniuses .

Yes, but the investor in this case is the only side at a huge disadvantage. It's like buying GNO knowing the dev team own most tokens. Extremely risky. Everyone has all teh up sides and no downsides, except for the investor who has more downside than upside. Ripple has volume so they can continuously dilute investor's holdings value for many years. And they will.

Held by the foundation. They have a vested interest in market saturation. This will fund their company into the future.

Banks don't buy XRP. They have no reason to, google for ripple xrp and see on their website. Ripple is a private company and it is centralized, i don't think anyone else will run anything besides ripple.

Do the banks that have bought XRP straight from Ripple at whole sale prices also run their nodes? An organizatin that is independent from Ripple should start running nodes to test the protocol. I speculate only Ripple is running all the nodes to verify all the transactions. That is the same as a centralized set up.

Be careful with RIPPLE. They own 2 times more XRP than it is in circulation today. Today, there's 37,884,902,021 in circulation. Total amount of XRP is 99,994,983,179, so over 60.000.000.000 XRP is owned by RIPPLE. If you take that into consideration, XRP is valued at 5.4 billion usd.

Proof http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/

Are you sure they are supposed to be trusted? Those same institutions that oppress the people and fund wars for profit? Those same institutions that caused the housing bubble? They are scammers of another scale.


Then the community is not getting a good deal when they buy XRP in an exchange. They are again being scammed by the same institutions that are supposed to take care of us.


The same as the banks of the housing bubble. But what did USA do? Their government bailed them out.


Do not act like XRP is superior. They too are traded in the same cryptoexchanges together with scams. Why not tell Ripple to take them out of all the exchanges and let the banks buy and sell XRP with each other.

Well i am sure they have Client privacy agreements to honor. Especially unlike other altcoins , they work with the largest, most trusted institutions that actually impact "everyday" life.

But, I do agree, this extensive details on terms-of-sale is missing, but hardly matters to me. If dumping is what i had to be worried about, i woudl worry about the thousand coins that are unregistered, has no liable company backing them, no answerable entity nor a functional license.

Given that Ripple is licensed, regulated, responsible and liable company that can be held accountable under court of law, I am perfectly good trusting them devoid the fine terms-agreement with their client. I speaking for myself, understand the need for regulation, and this far more transparency then the many operators working without respective licenses or regulation clearances.

simply put the Day govt says  "all unregulated and unlicensed cryptos are illegal" most of those coins are gone - their respective devels will vanish into onion web in a single night. I suggest that we be more concerned about them rather.  

On the other hand, with XRP, I don't have to worry about anything, while most of the alt coins out there are over. Add to that the supply regulation and locking is coming with their introduced escrow future. Great future for IOV, the onus of research and learning is on the investor. More than this is going to be spoon feeding, so i am going to stop. I am sure google had everything u need.

@Note: As for others, reading through this forum should have made case perfectly clear... I am sure i don't need to say anything more.

good luck to all. I am very pleased with Ripple and all the great progress they have made. and perhaps feel the safest investing in them compared to others. As far as real life use case, how many are even anywhere close to xrp anyways ?

BTC is store of value, ETH is contractual code, XRP is transaction and settlement. Educated community is pretty clear on usecase.

Best, f0rmdeep

No wonder there was a significant pump on poloniex, it was increased by 50% in one day, the good news is real, and promote the blockchain technology.

Those reports of the sales of XRP to the allegedly institutional buyers are not clear. The more important details like who bought them, the price for each XRP and how many XRP were sold are not included. But I am sure those buyers bought them below the market price and they are free to dump some on the uninformed at Poloniex.

Those reports still do not give a straight answer what arrangement the banks have with Ripple.

there are many ways to achieve de-centralization. One way is "working with" the system.

History is proof, from pirates of Caribbean to mafia of USSR - anyone who tried to completely obfuscate from the system has always failed, because at the end of the day it is in the main-stream - they have to operate to create real-life value.

So you make an interesting point. RCL is decentralized - you can have a wallet and have money in it, and don't need to disclose whats your address to anybody. No government can stop you, neither ripple can.

But i am on Ripple's side with this one, on "working with the system" to Reform the system - instead of trying to live in a virtual world and pretend real-life doesn't exist ( and still get stuck every time one has to convert to fiat or come under regulations from government).

This is the same realization Mr Vitalik went through, and the Same realization Mr Chris Larsen went through. We cannot reform the system by running far away form it and building a wall on all sides.

and lastly are we not seeing, how bitcoin is loosing anonymity as it is coming more and more under regulation ? Japan is even now collecting the bitcoin service providers and one will have to declare crypto assets. Soon bitcoin wallets of a certain value will be tagged to a person, if one has a secret wallet, it will be hard to send or receive anything... ( as more and more providers force KYC and regulation )

just one real example... my 2 cents...

Ripple did it right from the very beginning and now are on verge of breakthrough... if they get banks to accept RCL, then the anonymity on RCL will also for the first time accepted by the system. Not that it will not be regulation if one wants to operate- but that is one's personal choice and freedom, but it will be allowed to stay as a standard feature which is a big deal.

in other words, all i am saying is, "they are realistic". they have worked hard since day one to do things the right way - regulated answerable liable company, licensed to operate - cannot cheat and run away overnight...  etc.. and now it is clearly paying off.

Isn't the very fact that they cooperate with banks and aim to serve the current financial system proof enough that they aren't really decentralised?