Topic: Ripple : I don't think RL would be talking to a government if they were scammers (Read 2429 times)

+1

That's naive. The -tards who support Ripple cannot make a clear case for how it is better than real blockchain technologies that outclass it. While wet farts like Ripple and others do offer substantial saving in the short-medium term, they are not a realistic medium-long term prospect. There is every chance that bitAssest like BitShares will do money transport better.

Ripple is a scam because it's short term and a weak solution that requires that value is added to XRP to enable the network but that is a waste of value and wealth.. and is unnecessary for better offerings. I expect that Ripple Inc will do well from Ripple, in the same way that other pump and dump have done.. you create 100 Billion tokens and sell one to yourself for 0.01 and you're a billionaire.. a legend in your own mind.

I wouldn't advise anyone individual putting money to XRP and I would caution any mid size business too that it's a short term prospect. In the medium term, when there is not perpetual growth in requests for transport of money, then people will start pulling out the wealth they have invested to XRP and it will collapse from there to a duopoly or monopoly of a couple of big players struggling to survive in a world that will have moved on from the halfway house that is Ripple.

Ripple is a scam where it suggests that it is more than a short term prospect for ye olde banksters to make some quick money. It might be useful to us, in having banksters and financial businesses engage with digital currencies and learn basic skills that allow them to move beyond what is really just another old form of money transport and into blockchain technologies proper. Ripple is not Bitcoin, it's a weak attempt to take advantage of an opportunity but it's an illusion of grandeur. Good luck to them, but don't suggest they are more than they are.

> If Ripple can more efficiently empower small to medium sized banks, good for them.

Let's do away with old style banks and make something that is sustainable and more about people than institutions..

+27

Those who call Ripple a scam are generally naive anarcho-tards who honestly in their heart of hearts think the US Dollar is going to collapse in a few years and everyone from your 80yo grandmother to the homeless guy in the street is going to be buying everything with Bitcoin on their cell phones. Wake up, it's not going to happen, if anything shit will hit the fan and we'll be battling like Mad Max for oil and food before the whole 1st world switches to Bitcoin.

The problem has never been banks, without banks most businesses would never get a loan to to get started in the first place and families would never be able to save up to get a house. The problem is mega "too big to fail" banks who have a stranglehold on our financial policy, big difference.

If Ripple can more efficiently empower small to medium sized banks, good for them.

Of course ripple aren't a scam, they are just a centralised solution that is a great innovation but far from Satoshi's ideals. Ripple aren't the only Crypto to talk to a government.  BitShares, which is even more decentralised than bitcoin, met with Californian government officials a week or two ago about their open source voting platform 'followmyvote', to allow provably fair elections. 

http://followmyvote.com/california-joint-new-law-workshop-recap/

+1

are sure xrp can survive and reach to price 1 or 2 dollar. im not sure with ur opinion

International transfers are the current leading use case, for financial institutions. Ripple serves an unmet need. Built-in FX and near real time settlement atop a distributed ledger is a powerful tool. Here is a primer on Ripple for financial institutions.

Ripple has potential to disrupt the traditional correspondent banking system. Fidor bank in Germany and Cross River and CBW in the US are known bank adopters. AstroPay and TAS Group are also adopting the protocol. Rabobank has acknowledged they are experimenting with Ripple. All signs point to growing interest among traditional financial institutions.

A team from RBS also recently won a hackathon by integrating Ripple with FXMicroPay.

NACHA had the following to say about Ripple in their Future of Corporate Payments whitepaper:


Banks are not interested in holding XRP; they are attracted to Ripple for its utility: it makes fast and cheap what has historically been slow and expensive.

Destination tags allow multiple accounts to be addressable through a single wallet and transaction fees are trivial, which allows Ripple to be adopted by financial institutions and individuals alike at minimal cost.

I agree that there is no immediate evidence to suggest that banks are interested in investing in XRP.

XRP plays a unique role on the network, that may or may not lead to a rise in value as adoption increases. Like Bitcoin, XRP has no counterparty. It also acts as a vehicle/bridge currency.

At the 2014 Future of Money & Technology summit, this evening, Ripple Labs participated in a panel on real time payments. If you want to learn about Ripple, Codius, and the industry at large---definitely worth a watch:



jump to Codius Q&A response

Ripple is all about utility.

i honestly dont know, there will probably a huge spike up, but i think over a few years price of xrp will be around 1 or 2 dollar.

I've been talking with the state and federal government for well over a year and people call me a scammer all the time. Doesn't mean anything, obviously

 let's say that ripple  becomes mainstream, and the whole world uses it. What  do you think the price of one xrp would be?

i agree, not about the deletion part though

But ripple isnt a cryptocurrency and that is why it is will be a never ending discussion. They both have their own targeted audience and their own goals.

they are just different, doesnt mean one is better or worse then the other.

Any member here that supports Ripple is going against the very foundation the Nakamoto set up. Its called bitcointalk and BTC is decentralized. All Ripple posts and threads should be deleted.

ripple is not a coin! please understand that! XRP isnt ment to be an investment or tradable coin its ment as an anti spam meassure and as the base of the ripple network.

Secondly comparing to all altcoins ripple is the only one who basically has potential. Why dont people understand that you always need regulation if you want to operate in the real world!

You can already see bitcoin changing, basically because it doesnt have a choice, if it stays unregulated it will never be more then a niche market!

All altcoins are only good for innovation, but none will succeed. Maybe some will be bought by real companies and regulated, but for now the only reason there is a market for it is because internet nerds like us give them value. but the rest of the world will never use them, thats a fact.

Ya and having banks involved with crypto coins is not exactly a bright idea to begin with LOL
I thought we were suppose to be moving away from them ?

And no real Govt or Big banks are going to buy into Ripple.. think about it..
You think the head guy of some bank wants to make a worthless shit coin some handful of guys own worth Trillions ?
Why would they ?
They hold all the cards why would they hand them all away ?

Right now Ripple is almost worthless and if banks bought into using them they would have to own a lot of them to provide service for them i think
and that would mean Big banks would have to buy a lot of these coins.. and is that happening ?
What is Ripple again ?
Oh a 100% premined centralized shit coin with a bad reputation.. ya i forgot.. better buy tons of them quick  

I'm Australian, no one here cares for this bullshit centralized currency.

Australia is a rich and flourishing nation and I will do my best to the day I die to ensure the Australian public/government does not accept this shit.

BTW all he did was ask to talk at a public enquiry, which in sense I could have done with a 2 line e-mail. lol.

Take this Ripple shit out the fuck of my country please.

"Governments" are made of scammers that spam lies. Your argument only proves that Ripple could be a way more serious and dangerous scam than most alt-coins. I'm not saying it is, and I'm not engaging you not to buy some, but banks and governments are not automatically giving legitimacy in my books.

Ripple has been designed from the outset to level the playing field.

Here is the perspective of the concept creator, Ryan Fugger, on the Ripple Labs strategy:


Engaging with financial institutions is helping drive the growth of the protocol and network, making for a more robust system for individual users, in addition to financial institutions. It is an open protocol and network.

CEO Chris Larsen brings to the table his experience as a pioneer in social/p2p lending at Prosper, which has been disruptive to the industry in a similar fashion to the trajectory of the Ripple ideal. Individual empowerment. Ripple takes it further.

Ripple Labs needs to engage with governments/regulators to pave the way for FIs to use the network. Cryptocurrency would be much more widely adopted in absence of the surrounding regulatory burden:


Apologies if this is less exciting than the standard Ripple/government/bank/cryptocurrency conspiracy theories.

Now you are talking about a totaly different subject. I refered to some of the fanatics dissing Ripple. And we're talking of ceasing the oportunity to gain something from a current global system. Which, I agree, is f... up.

You should make a distinction here between legal scammers and illegal scammers