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Topic: Ripple announces XRP lockup, locking up as many as 88% of its current XRP. - page 2. (Read 2765 times)

legendary
Activity: 1372
Merit: 1014

Read between the lines, they are not locking it forever. 1 billion XRP will be available for them each month so they can dump it slowly into the market.

If they can lock, they can unlock

In BTC, it would take the majority of millions of users, to change market cap

Ripple have Admin privileges so they can do what they want; worst case they create XRP 2.0 (perhaps when they get national security letter because Iranian banks own XRP) and abandon the old XRP or something like this.  Grin
legendary
Activity: 938
Merit: 1000
Oh, I don't know, maybe something that will help continue to grow the innovations that decentralized cryptocurrency makes possible?

you act as if ripple is the only thing which exists... you have choices. the entire point of business is competition. just because you're a crypto anarchist who doesn't believe in their vision/direction, doesn't equate them to a scam, fraud, pyramid scheme... they provide a solution to a problem, as other coins do for other things. you can stick to bitcoin or seashells, no one cares what you do.

You make a fair point here but I think a lot of people are missing the fact that XRP is a very small and highly speculative part of the solution that the company, Ripple, provides. The prospectus that they are currently providing banks emphasizes Interledger and to even my surprise they completely removed any mention of XRP as part of the solutions they offer. I do realize that people involved in interledger are using XRP to do tests and whatnot but people are continuing to conflate XRP token with Ripple tech.

https://ripple.com/files/ripple_solutions_guide.pdf

Edit: Seriously, please go through all 26 pages of this guide. It is a redraft of their 2016 guide and XRP is removed from it. You can see each individual use case broken down in detail as it was before. But this time around they no longer are presenting the token XRP for use. They have been mentioning the RCL separately as another product in which banks may be able to be market makers procuring XRP for use as a bridge currency but it no longer seems to be the focus. It is all there and plain to see, nothing to refute about it at this point. If I were deep in XRP at this point I'd take the time to really dig in to what the facts are surrounding the token XRP and it's future. No doubt that Ripple, the company, is doing well. It just remains to be seen how many of the speculative claims about XRPs actual use will pan out.
sr. member
Activity: 273
Merit: 252
Oh, I don't know, maybe something that will help continue to grow the innovations that decentralized cryptocurrency makes possible?

you act as if ripple is the only thing which exists... you have choices. the entire point of business is competition. just because you're a crypto anarchist who doesn't believe in their vision/direction, doesn't equate them to a scam, fraud, pyramid scheme... they provide a solution to a problem, as other coins do for other things. you can stick to bitcoin or seashells, no one cares what you do.
legendary
Activity: 2954
Merit: 1153
So many billions of Ripple make me feel too scared now to invest in it especially after the recent price hikes. I am not sure where it is going but for those who got in early and are very much in profit this could be good news. I am not sure though that entering at this point in the Ripple market would be a beneficial move.  I could be wrong though and it may moon even further afield.

I agree, this price hike is surely a bubble, billions of coins to be release in series, that is what we called epic dump with consent since supporters even agree and happy with it Grin.  They said it is deflationary, deflationary what? Burning 0.0000001 every transaction? ugh...  just imagin how many transaction it needs to burn  1 whole XRP.
newbie
Activity: 29
Merit: 0
You all are suckers to buy into this blatant scam.

as opposed to buying into...?

Oh, I don't know, maybe something that will help continue to grow the innovations that decentralized cryptocurrency makes possible? Or we could continue to divert all funds to a centralized company and slowly bleed out until they have satisfactorily crippled the promise of a future that includes financial freedom.

Won't it be great when FinCEN orders Ripple to require their already AML/KYC customers to be Accredited investors? Then we can go back to the good old days before Bitcoin, when only those with a million dollars in their savings account get to invest in startups? Yeah, digital Fiat will be awesome. We should definitely buy into this scheme.
sr. member
Activity: 273
Merit: 252
You all are suckers to buy into this blatant scam.

as opposed to buying into...?
sr. member
Activity: 335
Merit: 250
You all are suckers to buy into this blatant scam.
legendary
Activity: 2114
Merit: 1023
Oikos.cash | Decentralized Finance on Tron
So many billions of Ripple make me feel too scared now to invest in it especially after the recent price hikes. I am not sure where it is going but for those who got in early and are very much in profit this could be good news. I am not sure though that entering at this point in the Ripple market would be a beneficial move.  I could be wrong though and it may moon even further afield.
full member
Activity: 236
Merit: 100

Read between the lines, they are not locking it forever. 1 billion XRP will be available for them each month so they can dump it slowly into the market.
sr. member
Activity: 1176
Merit: 297
Bitcoin © Maximalist
Its called a Pump and Dump.
Pump it then announce you Dump (release) 1b a month, classical.

Ripple tard will tell you it is normal natural growth. 
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
This is great news and I suddenly trust Ripple alot more than I used to. I'm currently going to hoard some ripple for myself. I'm also curious how this will affect the price of ripple since it already has been in a really big uptrend.

This is hilarious.  Cheesy

A centralized entity ..a corporation says that and you think it's good ? WOW  Roll Eyes

Since they decided to do what ever they want when ever they want.. what is stopping them from uhh
Doing what ever they want when ever they want ? ahhahahhahaha

In other words taking their word for things or trusting them is utterly pointless beyond comprehension.
member
Activity: 98
Merit: 10
They can still release 12% immediately as well as being able to release a portion of those 88% every month. They were never going to flood the market as that would crash the price so this is the smartest way to do it for them to maximize their return.

I think most ripple fans will see this as good news but I see it as the opposite.
sr. member
Activity: 336
Merit: 252
This is great news and I suddenly trust Ripple alot more than I used to. I'm currently going to hoard some ripple for myself. I'm also curious how this will affect the price of ripple since it already has been in a really big uptrend.
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