Ripple now worth more than Litecoin. Litecoin sell off in 3..2..1.. - page 2.

ahbritto

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Activity: 132

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Ripple

Quote from: TheMage on September 29, 2014, 01:03:46 AM

Simple question, is or is not ripple a currency (A simple yes or no). I want an answer from you directly since you seem directly tied to the ripple project. Trolls need not reply.

"XRP is a math-based currency that is native to the Ripple network..."
- https://www.ripplelabs.com/xrp-distribution/

TheMage

hero member

Activity: 812

Merit: 1000

Litecoin Association Director

Quote from: ahbritto on September 28, 2014, 11:47:35 PM

Quote from: identtitentti on September 28, 2014, 11:39:07 PM

The main purpose of XRP is to prevent spam. So, when all XRP have been distributed and then destroyed as transaction fees, how is the network supposed to work???

XRP protects the network, acts as a vehicle currency, and funds the development and promotion of the protocol and network.

Not all XRP will be destroyed as fees. XRP is, likely, lost more rapidly than it is destroyed due to fees. The fees can be lowered. And like BTC, divisibility makes losses not a concern. XRP is currently divisible to 6 places.

Learn more about XRP here:

Simple question, is or is not ripple a currency (A simple yes or no). I want an answer from you directly since you seem directly tied to the ripple project. Trolls need not reply.

ahbritto

full member

Activity: 132

Merit: 100

Ripple

Quote from: identtitentti on September 28, 2014, 11:39:07 PM

The main purpose of XRP is to prevent spam. So, when all XRP have been distributed and then destroyed as transaction fees, how is the network supposed to work???

XRP protects the network, acts as a vehicle currency, and funds the development and promotion of the protocol and network.

Not all XRP will be destroyed as fees. XRP is, likely, lost more rapidly than it is destroyed due to fees. The fees can be lowered. And like BTC, divisibility makes losses not a concern. XRP is currently divisible to 6 places.

Learn more about XRP here:

identtitentti

newbie

Activity: 56

Merit: 0

Quote from: ?? on ??

Ripple is not a crypto currency /Thread closed.

Agreed to a degree, and I presume the marketcap rise is because the two banks that adopted Ripple needed to buy lots of XRP for transactions etc. In block chain world the definitions and boundaries of "currency", "asset" etc. are not at all clear.

identtitentti

newbie

Activity: 56

Merit: 0

Quote from: misterbigg on September 28, 2014, 10:43:17 PM

Quote from: vipgelsi on September 28, 2014, 09:04:32 PM

Ripple is a joke they just printed more like the fed.

Just the opposite, all the XRP that can ever exist have already been created, and they are now being destroyed (to pay for transaction fees).

Check out:
http://www.ripplecharts.com/#/

38,357 XRP have been destroyed since Ripple's inception.

Just became aware of that myself too. The main purpose of XRP is to prevent spam. So, when all XRP have been distributed and then destroyed as transaction fees, how is the network supposed to work???

misterbigg

legendary

Activity: 1064

Merit: 1001

Quote from: vipgelsi on September 28, 2014, 09:04:32 PM

Ripple is a joke they just printed more like the fed.

Just the opposite, all the XRP that can ever exist have already been created, and they are now being destroyed (to pay for transaction fees).

Check out:
http://www.ripplecharts.com/#/

38,357 XRP have been destroyed since Ripple's inception.

SamWalters

full member

Activity: 238

Merit: 100

Sam Mother Fuckin' Walters

yep, litecoin community is barely around

Quote from: vipgelsi on September 28, 2014, 09:04:32 PM

Ripple is a joke they just printed more like the fed.

Sounds like you didn't read up on what was going on...

TheWhale

sr. member

Activity: 280

Merit: 250

Quote from: vipgelsi on September 28, 2014, 09:04:32 PM

Ripple is a joke they just printed more like the fed.

Nope. There is a fixed amount of XRP just like there is a fixed amount of BTC.

#clueless

vipgelsi

legendary

Activity: 1736

Merit: 1001

Ripple is a joke they just printed more like the fed.

leannemckim46

sr. member

Activity: 420

Merit: 250

Which exchanges is ripple actively traded on?

misterbigg

legendary

Activity: 1064

Merit: 1001

Quote from: God27 on September 28, 2014, 08:33:00 PM

Why isn't Arthur Britto under the team section of Ripple Labs?

Because he is WAY TOO MODEST! *poke* *nudge*. And one of the smartest fellows I've ever met.

ahbritto

full member

Activity: 132

Merit: 100

Ripple

Quote from: misterbigg on September 28, 2014, 08:32:31 PM

So basically you just make purchases like normal on this card and you can accumulate XRP at no cost and no risk? Sounds like a pretty good deal to me.

Not quite like normal. You can fund the card with BTC, gold, or whatever.

God27

sr. member

Activity: 364

Merit: 250

The 4th industrial revolution!

Quote from: ahbritto on September 28, 2014, 08:28:12 PM

Ripple Labs' latest distribution program (via pre-paid card):

https://forum.ripple.com/viewtopic.php?f=1&t=7845&sid=b69993974553e46151dc5735e2ae163a

Ripple Labs uses its XRP holdings as war chest. These holdings fund all of these people working on the core protocol:

https://www.ripplelabs.com/team/

Why isn't Arthur Britto under the team section of Ripple Labs?

misterbigg

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Activity: 1064

Merit: 1001

Quote from: ahbritto on September 28, 2014, 08:28:12 PM

https://forum.ripple.com/viewtopic.php?f=1&t=7845&sid=b69993974553e46151dc5735e2ae163a

So basically you just make purchases like normal on this card and you can accumulate XRP at no cost and no risk? Sounds like a pretty good deal to me.

ahbritto

full member

Activity: 132

Merit: 100

Ripple

Ripple Labs' latest distribution program (via pre-paid card):

https://forum.ripple.com/viewtopic.php?f=1&t=7845&sid=b69993974553e46151dc5735e2ae163a

Ripple Labs uses its XRP holdings as war chest. These holdings fund all of these people working on the core protocol:

https://www.ripplelabs.com/team/

identtitentti

newbie

Activity: 56

Merit: 0

Quote from: El Dude on September 28, 2014, 06:18:02 PM

Quote from: identtitentti on September 28, 2014, 05:27:54 PM

http://www.coindesk.com/us-banks-embraced-ripple/
http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/

litecoin is still no 2

"Ripple is not a decentralized crypto-currency, they are not competition for Bitcoin, they are what Bitcoin was invented to replace. That's why banks love Ripple, because it is no challenge whatsoever to their existing business model or the corruption that model engenders. It is more of the same bullshit, masquerading as a crypto-currency. Might as well be called FEDcoin"

this comment sums up ripple

IMHO ripple is better summed up by saying that ripple is nothing less and nothing more than digital version of ancient Hawala system (http://en.wikipedia.org/wiki/Hawala). I agree that it's not in "competition" againt BTC and other cryptocurrencies, but what it offers for the community is a decentralized bridge between different block chain ecosystems, which cannot communicate between themselves on block chain base because of unresolved math problems. That gives Ripple a chance to become "The Block Chain of Block Chains". Not "FEDcoin" but BIScoin, aka One Ring to Rule Them All Wink

.

PS: I don't have any XRP Cheesy

cryptomad

sr. member

Activity: 301

Merit: 250

i never got into ripple i heard and read alot of negative things

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Quote from: TaunSew on September 28, 2014, 03:48:32 PM

LTC is going down as it's no longer #2. Smart money is pulling out for BTC, Ripple and Doge

You're right about BTC... it's is big trouble... forget about $10,000... forget about $1,000...
You can see the panic among Bitcoin Super Heroes = serious threads about the problems with Holy PoW.

LTC has already been trashed... and has absorbed the next Gen ASICs...
That are hummimg along in Chinese factories until they are dumped on the pre-order chumps in early 2015...
How is it possible that ASIC buyers never fucking learn? Never pre-order anything. How is that complicated?

So LTC is cheap for a rock solid store of value... just drop the nonsense that it's a "currency".

El Dude

hero member

Activity: 770

Merit: 500

Quote from: identtitentti on September 28, 2014, 05:27:54 PM

http://www.coindesk.com/us-banks-embraced-ripple/
http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/

litecoin is still no 2

"Ripple is not a decentralized crypto-currency, they are not competition for Bitcoin, they are what Bitcoin was invented to replace. That's why banks love Ripple, because it is no challenge whatsoever to their existing business model or the corruption that model engenders. It is more of the same bullshit, masquerading as a crypto-currency. Might as well be called FEDcoin"

this comment sums up ripple

identtitentti

newbie

Activity: 56

Merit: 0

http://www.coindesk.com/us-banks-embraced-ripple/
http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/

Topic: Ripple now worth more than Litecoin. Litecoin sell off in 3..2..1.. - page 2. (Read 2562 times)