Ripple releases 333 million more Tokens - page 2.

ulhaq

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Quote from: styca on May 21, 2017, 06:29:22 AM

My only real concern about XRP investment is the extent to which banks might just use the RCL and bypass XRP, making Ripple a wild success and XRP worthless.

I did not think it was possible to use the RCL without XRP?

While there has been a lot of discussion on banks creating their own tokens, I find it very unlikely. It is much easier and cost-effective for a large number of banks to use the same token, ie XRP.

Quote

I much prefer to hold coins that have a limited circulation or even become deflationary.

But qiman, according to ripple the circulation of XRP is fixed, and therefore deflationary. Do you not believe that they will not break their promise and increase the circulation in the future?

qiman

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Maybe because Ripple is getting into the Banking sector so they want to be as liquid as the banks? I personally do not like the fact they are acting in a way Fiat does and forever bringing out more coins. I much prefer to hold coins that have a limited circulation or even become deflationary. This is just my personal opinion about it, but others love RIPPLE and cannot get enough of the coin.

bustomi

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Believe for ripple cause japan goverment accept it .., ::)nice

styca

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I totally agree with you that stable value is required, otherwise there's way too much risk.
Obviously XRP is ludicrously volatile at the moment, but I'm guessing (and only guessing) that stability will come as a consequence of greater adoption. How far down the line this will be though, who knows?

mmortal03

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Quote from: styca on May 21, 2017, 06:29:22 AM

As with much else, it's all guesswork. But what I think is undeniable is that Ripple are very organised, very professional, and know exactly what they're doing.

If they were managing the supply to do something like maintain a stable price, like a central bank does, that would be one thing, even though it would make more sense in that case to just use USD itself over Venmo or what have you. Without censorship resistance or stable value, and with a company owning a huge proportion of it, the XRP token makes zero sense other than to be pumped to make them rich.

styca

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Quote from: ulhaq on May 21, 2017, 03:17:09 AM

to be released to themselves on a scheduled basis, to be used for whatever purpose they want.

They want to increase adoption and increase liquidity. I might be wrong, but I thought the monthly releases would generally be sold cheap to targetted investors to further these aims.

My only real concern about XRP investment is the extent to which banks might just use the RCL and bypass XRP, making Ripple a wild success and XRP worthless. There have been arguments that XRP will certainly be used because of additional savings - but much of this links back to a single article, which is hardly conclusive proof. Having said that, I'm not convinced at all by the opposing argument that each bank will use the Ripple ledger but each develop their own tokens. That seems counterintuitive.

As with much else, it's all guesswork. But what I think is undeniable is that Ripple are very organised, very professional, and know exactly what they're doing.

ulhaq

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Quote from: SwagGirl on May 20, 2017, 01:48:49 PM

Quote from: mmortal03 on May 19, 2017, 07:56:03 PM

Quote from: SwagGirl on May 19, 2017, 06:39:50 PM

They did this before. I ant believe the price still keeps goin up. But check this out:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

The fact that they can arbitrarily lock XRP, even if it limits the circulating supply, is just as concerning as if they could add more, because it means they have central control over a very large percentage of the circulating supply.

Doesn't seem right. And the market doesn't know any better? The banking partners are putting a lot of trust into a risky situation.

How bizarre can this get? They hold 2/3 of the currency, which they are locking up in smart contracts to be released to themselves on a scheduled basis, to be used for whatever purpose they want. I don't think the market knows this yet. We have unbridled speculative investing. The price should come down to reality at some point.

Kazkar

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Yesterday on polo, I could not remove, put a warrant. 15 minutes in vain. Sold coins in plus, but for a coin offensively. Embarrassed

SwagGirl

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GetClams.com

Quote from: mmortal03 on May 19, 2017, 07:56:03 PM

Quote from: SwagGirl on May 19, 2017, 06:39:50 PM

They did this before. I ant believe the price still keeps goin up. But check this out:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

The fact that they can arbitrarily lock XRP, even if it limits the circulating supply, is just as concerning as if they could add more, because it means they have central control over a very large percentage of the circulating supply.

Doesn't seem right. And the market doesn't know any better? The banking partners are putting a lot of trust into a risky situation.

mmortal03

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Quote from: emezh10 on May 19, 2017, 08:10:45 PM

I guess i would buy a coins that have a great potential in the price to go up low price coinsband really worth of buying in the markrt im not a good trader but in my experience low value coins are always going to go up so i always buy low price coin with a high volume.

How do you define low price? You know that Bitcoin is divisible out to eight decimal places, right?

emezh10

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I guess i would buy a coins that have a great potential in the price to go up low price coinsband really worth of buying in the markrt im not a good trader but in my experience low value coins are always going to go up so i always buy low price coin with a high volume.

mmortal03

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Quote from: SwagGirl on May 19, 2017, 06:39:50 PM

They did this before. I ant believe the price still keeps goin up. But check this out:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

The fact that they can arbitrarily lock XRP, even if it limits the circulating supply, is just as concerning as if they could add more, because it means they have central control over a very large percentage of the circulating supply.

mmortal03

legendary

Activity: 1762

Merit: 1010

Quote from: ulhaq on May 19, 2017, 06:17:28 PM

Supposedly the circulation of XRP is capped at 100 billion which are premined, and the recent releases of XRP are coming out of this premine. But is it possible that ripple labs can increase the circulation in the future if they want to?

Given that it's centralized, there's no mining going on, and there isn't any other voting mechanism built in for the public to stop them from doing it, I can't imagine that they can't just change the code to create more.

SwagGirl

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GetClams.com

They did this before. I ant believe the price still keeps goin up. But check this out:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

XbladeX

legendary

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they want dump some coins on market that is case, they want capitalize profits right now and be rich this is DUMP time so guys take profit and run away.

ulhaq

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Supposedly the circulation of XRP is capped at 100 billion which are premined, and the recent releases of XRP are coming out of this premine. But is it possible that ripple labs can increase the circulation in the future if they want to?

dwgscale11

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Quote from: dwgscale11 on January 01, 2017, 08:02:55 PM

Why do people like a coin that can just randomly put 333 million coins into circulation, raising the market cap substantially?
Crazy

Take profits, buy LTC. It's happening...
https://www.reddit.com/r/litecoin/comments/6bxl8p/max_keiser_retweeted_about_litecoin_megabull/

concept2

sr. member

Activity: 750

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I do not know why there are many coins but the prices keep going up. I believe that it is just a bubble and soon it will explode, the price will drop and lot of people will lose their money and they will regret not listen to other people's wawrning

mmortal03

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Quote from: douglock on May 17, 2017, 02:43:09 PM

It is good to know that. I hope that xrp will continue to grow no matter what. There are some accusations against XRP but I still support it. They are really good project

Please tell us how it is a good project. Since Ripple doesn't have censorship resistance, what does Ripple offer that a PayPal or a Venmo doesn't, other than a purely speculative token that floats in value for no reason other than to be pumped and dumped?

Like I said before, it seems that Ripple wants to have it both ways; to have the hype of a cryptocurrency, but without the supposed "bad" image that comes with the censorship resistant and regulatory arbitraging properties that actually underlie Bitcoin's success. They want to somehow appeal to the banks or even governments, but the banks or governments likely don't want to deal with such a company run system that already controls the tokens for themselves, they will likely want to build their own system, one without the baggage or costs of Ripple.

Given this, is there really a practical, long term trajectory for success for Ripple, wherein they will actually provide a sustained efficiency to customers that cannot be better solved by other means? I don't think so.

douglock

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It is good to know that. I hope that xrp will continue to grow no matter what. There are some accusations against XRP but I still support it. They are really good project

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