Topic: Ripple Adds 10 New Financial Firms to 'Blockchain Network' - page 2. (Read 2975 times)

No need to try to convince him, he doesn't want to be convinced, so he's going to reply, and you, and then he, this discussion is going nowhere. People have to form their own opinion.

now its time for you to share your sources, because till now all your have done is speak your mind ( which is perfectly fine )

the entire transaction including cryptographic locks and reservation takes 5 seconds, there is no way volatility can effect it.

here is a REAL &  live transaction between ATB Financial Canada and ReiseBank Germany to debunk your Fake and unfounded volatility argument :

https://www.youtube.com/watch?v=bAnHzDEP8GM  

and here is confirmation of the same from David Blair, famous treasury consultant for over 30 years that many governments depend upon

https://www.linkedin.com/pulse/ripple-vs-swift-payment-revolution-david-blair

and here is how Volatility doesn't matter ( exactly how settlement of funds occur ) : https://www.youtube.com/watch?v=5e2jDFL1kKI&t=88s

and besides, with Central banks, institutions and large corporate + Normal people like you and me holding XRP will give it perhaps best stability ( not all trading monkey hands ) So your volatility argument doesn't stand either.

lets see if your Moral Compass has anything called as Humility, Confession or Correcting-oneself. Without those its not very Moral is it. speak about moral compass !

Even I am going to end my arguments like the other person as there is nothing left.



what a shame, innovation is being blemished with mis-information and propaganda by those who were all about innovation when bitcoin started ! ( this is not directed at you, but on the general campaign that is happening here spreading all sorts of lies )

You have an answer for everything.

Let me quote Joelkatz:

I won't argue, in the end, we will see who is right in a few years.

And that's the point. XRP isn't a stable currency, the example above looks at XRP as a non volatile crypto. That's why you can pick any cryptocurrency and put it in XRP's place and have the same result. That's why banks don't care about XRP, and that's why ripple admitted XRP is not needed for using their platform.

I simply have higher moral standards. I know money make people act like jerks, but i would never advice anyone to invest in something i would think as bad so i can benefit from it indirectly. Like investing in a project that is as good as any ponzi scheme.

@f0rmdeep your link sucks and proves my point LOL. As you can see in your own links they talk generally about cryptocurrency not just XRP and bitcoin's logo is there aswell. Nothing in your links suggest XRP is even remotely needed. XRP is need for ripple as much as bitcoin, ethereum, or any "insert cryptocurrency here" is needed.\

To be noted, i am not saying ripple doesn't work or isn't succesful, atleast so far. But i am saying, and ripple's team admited it on their own site aswell, that XRP is not needed for ripple.
Proof https://ripple.com/xrp-portal/

www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170301presentations.pdf

SLIDE 35, 36 and 37


The more you try, the more you get BUSTED. Great ! its working for XRP's good actually. thank you ! LOL

@mining1
I'm not sure I follow you. If FI buy XRP whereas from you or not, it raises its value.
Ripple can't make coins out of thin air, and if they could that would ruin all their credibility.
It's decentralized you can run a validator, Mit runs a validator https://charts.ripple.com/#/validators/n9KvSsyJiheyFnivzFqChZ58pQgjwWWuc7Tp28WPzXbkdwqL6P5y

For FI and XRP I suggest to read:
https://ripple.com/files/xrp_cost_model_paper.pdf

In every one of those links XRP IS MENTIONED. you are misleading people.

@People, please go to those links and study yourself. don't take my word, his/her word, or any word for it. fair and square, read from he companies invested  themselves and make your mind.

this mis-information campaign - what it will do is actually educate people thoroughly to a point, where it will backfire so hard. ...


all for the greater good, evolution shoudl continue. we cannot burn trees just for proving POW of some coin... when it serves no real life purpose. there has to be a better way. ETH and Ripple are better ways forwards.

they don't burn your electricity and computing power for nothing, they do it for good. one resolved logic the other establishes IOV. and i din't come here bitching about bitcoin, because i know value of bitcoin. I myself hold bitcoin.

but i cannot take this misinformation on ripple anymore, which is mainly made for transaction and to remove congestion of the world economy. in fact banks are trying to use ripple so that shops in japan can accept bitcoin with confirmation times less then 1 minute. Go Figure !

Ripple has potential to work as infrastructure and a gateway to forex markets for liquidity. If banks were to start using it as a medium of exchange, good for them. I don't think that Ripple should be viewed as a competitor of bitcoin because Ripple exceeds on being more of a centralized medium which is something banks can easily rely on in contrast to bitcoin. Decentralization favors the user more than the institutions.

Why do you care about Ripple so much?

As a Bitcoin enthusiast, I'm reading your posts opposite of FUD --do you know what I mean? Good press bad press is still press, so there must be something else here.

Are you employed by Ripple or secretly own a huge stash (whale) trying to pitch a tent?

Everyone should be suspicious of embellished content like this; pro or con. It gives Bitcoin a bad rap in my opinion and implicates yourself in the process...but I'm just a nobody

I provided you link from Ripple's website fool. I know you're hoping for more greater fools, won't happen with me atleast. You're providing me links for banks working with ripple. I know that. I was talking about XRP not being needed by banks to use ripple. Get lost.



Sure, GIVE ME FROM THE SOURCE. Oh wait. No mention of XRP, just ripple. As i expected.

Even ripple said the curent surge in price ( from when it was ~250mil ) came from bitcoin side.

Plus, even if XRP actually WAS used. Still, as a speculator there wouldn't be a point to BUY it because banks WOULDN'T buy from you anyway. Doh. They would simply take it from ripple who can make it out of thin air. And as a private company they can release as much as xrp they want. It is not decentralized and users/ miners wouldn't be able to oppose.

every transaction on forex - that does not have an intermediary with "providing reserve" needs XRP of equal quantity. At current price, moving 100 USD form Japan to India will need 2500 XRP in reserve and will permanently destroy 1.4 XRP.  ( Learn about Deflationary currency that cannot be created anymore )

even by most conservative estimates moving just 3 billion USD of forex value using ripple cloud solution will lock up everything that is circulating.

So i want to ask you one thing .. WHAT are you talking about ?

UNLIKE you, i provide links on how this will happen :

https://www.xrpchat.com/uploads/monthly_2017_04/sbi1.jpg.f52fb881c06519f06992de6966cd0273.jpg
https://www.xrpchat.com/uploads/monthly_2017_04/sbi2.jpg.b3d8c3cde0da6cf6969131b17ad1c099.jpg
https://www.xrpchat.com/uploads/monthly_2017_04/sbi3.jpg.2bb77b2d079fb8a7619ae059c337be17.jpg
https://www.xrpchat.com/uploads/monthly_2017_04/sbi4.jpg.b8a40298154c64a35bd6da7e24b7caf9.jpg


and all those  slides come from SBIGroup presentation to their stakeholders ... ( not some loonie blog written by propaganda )

here :  www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170301presentations.pdf
XRP Usecases on SLIDE 35, 36 and 37


you want to see which all banks are actually running XRP use-cases ?

here go please yourself :

https://twitter.com/XRPedia/status/855767867110903809

want more ?

here : https://twitter.com/Chan_Maddanna/status/857400519429697541

want it form the source ?

here : http://www.sbigroup.co.jp/news/2017/0427_10658.html ( google will be happy to translate it from Japanese to English )

Banks do not have to buy XRP, so in reality XRP is more of a gimmick / speculation toy. Do you remember hackergold token ? That team that released an ICO on ethereum ? It doesn't have any real usage, but they wanted to make money so that was the only option they found. It wasn't actually needed for their virtual accelerator dapp. They just wanted to capitalise on their dapp effort and simply weren't able to implement a token with real usage.

The same thing is with XRP. It has no usage for ripple or it's partners. It's just a speculation toy. Difference is, ripple own like 70% of total tokens and most tokens aren't even released on the market. The only side that wins from this speculation is ripple, because they can dump more and more coins on the market, dilluting people's investment.

Quote from ripple site "While XRP is not required to transact on Ripple*, it is uniquely positioned to create more competitive foreign exchange (FX) markets for cross-border payments". So basically ripple hopes speculators will attract even more greater fools, creating artificial usage. This helps them because they own most XRP tokens, so they can slowly dump without destroying it's "value" at once.

Proof on their site https://ripple.com/xrp-portal/ . So if you wanna gamble with your money, you're better of playing lottery. Or investing in dogecoin, bitcoindark, potcoin, ETC, Coynie West coin ( does it still exist ? ) and many others. Any of these shitcoins have/will have the same usage potential as XRP. Difference is, ripple has a better marketing because their company works, so basically they are legally "scaming" stupid speculators that think XRP is used by banks.

The current active XRP trials , including Commercialization + production :


>>SBI Japan finalizing their trials WITH XRP
https://twitter.com/Chan_Maddanna/status/857400519429697541 & japanese : http://www.sbigroup.co.jp/news/2017/0427_10658.html ( google can translate it for you )

>> Indian NPCI banks ( that is all major banks ) in talks with ripple for direct acct to acct transfers throguh rcl+xrp
http://economictimes.indiatimes.com/industry/banking/finance/banking/google-backed-payment-company-ripple-in-talks-with-npci-banks-for-account-to-account-transfers-globally/articleshow/58393329.cms

>> Other Ongoing XRP trials ( not just ripple, DLT etc, XRP Trials )
https://twitter.com/XRPedia/status/855767867110903809

I don't believe in FUD, opinions etc, neither trolling.

I have presented you facts directly from their sources. and this is only a tip of the ice berg.

Best,
f0rmdeep

until and unless people give sources, you can be rest assured of misinformation. you shoudl look for actual sales and related reports ( after all ripple is a registered, answerable and responsible company, unlike so many other coins who can take of and run with your money anytime ) :

here you go , not trolling, not saying my own opinions either, actual sales and report :

Q4 - 2016 - https://ripple.com/xrp-portal/xrp-resources/q4-2016-xrp-markets-report/
Q1 - 2017 - https://ripple.com/insights/q1-2017-xrp-markets-report/


:-) some groups are sure ganging up to spread mis-information on ripple. may be because they cannot make any money with ripple, unlike other basement coins ? :-) something to think about.

Well the first very well established use-case is to act as liquidity for world's forex movement.
I can go on a explain the whole lot here , or just point you to some really good articles that answer everything u asked. If after that you have any questions, feel free to ask. You got to do some homework by yourself right..

hope these links help :

This is from David Blair, who has been in Treasury for 25 years : https://www.linkedin.com/pulse/ripple-vs-swift-payment-revolution-david-blair
this is from Chandan Maddanna, a VP in jp morgan : https://www.linkedin.com/pulse/international-banking-flocks-ripple-chandan-maddanna    ( this article in particular compares and lists exact use-cases of XRP, ETH and BTC at the end , scroll down )


to put it shortly, before internet , networks had to connect to each other, trust each other, work with each other, make their networks "customised" for each other. AFTER internet, all they have to worry about is connecting to internet and make sure their data is a standard internet packet.

like so, after ripple, All banks have to worry about is connecting to RCL and having XRP, and by doing so they can forget worrying about partnering with 100 other organizations, trusting them, holding reserves at their branches, etc etc

Plain , simple whats not to understand ? it is called Network of Value, like Internet is Network of Information. some have dubbed it as IOV ( internet of value )

and the gentleman above is a troller i think. XRP usecase is evry well established and SBI Group japan is even in preparation to LIST and USE XRP for their transfers locally and globally

www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170301presentations.pdf

this is their shareholder presentation, you can search for ripple and XRP and see specific slides.

good luck.

Can anyone else without as much of a shitty reputation level as this Spoetnik troll chime in?

Does btctalk have an ignore feature yet?

The banks get XRP for free while the cryptocoin followers buy them because they speculate it will have far more greater value than today. That looks like a scam model if what you said is true. How did you know that Ripple gives them away for free to banks?