Topic: Ripple releases 333 million more Tokens - page 4. (Read 16944 times)
Ripple scam, have you ever heard about it? That garbage has around 12 billions of dollars market cap! This is only crazy, nothing more.
When this scam was popped, lots of people will be angry. Trust me.
This guy is pumping the scam hard: https://www.youtube.com/watch?v=VXNqovfloCQ
what scam?
This guy is pumping the scam hard: https://www.youtube.com/watch?v=VXNqovfloCQ
I recall asking one of Ripple's representatives a while ago at a conference about who stored their private keys, and how well were they protected, given their pre-mine and their centralized nature of control over so many XRPs. Basically, if those keys ever got out, it would be a disaster. He did not have an answer.
Miners provide a service.. securing the block-chain and making the transactions move etc.
In turn they are paid.
Miners that buy hardware to mine are showing their support by investing in hardware.
Waste of power ? Sure.. but there really isn't a better way yet.
Yeah well, I see you believe that, so you can stand on the side line and watch while other services outperform your waste coins.
Talk is cheap and you are full of it, so why don't you hack a non PoW then?
This scam will get the Kill Switch flipped any day now if it comes out that market makers and Ripple have violated this agreement. Enjoy getting REKT.
On May 5, 2015, FinCEN fined Ripple Labs and XRP II US$700,000 for violation of the Bank Secrecy Act,[31] based on the Financial Crimes Enforcement Network's additions to the act in 2013.[51] Ripple Labs agreed to remedial steps to ensure future compliance, which included an agreement to only transact XRP and "Ripple Trade" activity through registered money services businesses (MSB), among other agreements such as enhancing the Ripple Protocol.[31]
Yes. KILL SWITCH. This is not decentralized crypto and has a central point of failure.
On May 5, 2015, FinCEN fined Ripple Labs and XRP II US$700,000 for violation of the Bank Secrecy Act,[31] based on the Financial Crimes Enforcement Network's additions to the act in 2013.[51] Ripple Labs agreed to remedial steps to ensure future compliance, which included an agreement to only transact XRP and "Ripple Trade" activity through registered money services businesses (MSB), among other agreements such as enhancing the Ripple Protocol.[31]
Yes. KILL SWITCH. This is not decentralized crypto and has a central point of failure.
I was just eluding to them using clandestine methods to manipulate the price..
Who do you all think is pumping it etc ?
Probably the guys who got free coins when it launched.
How much did they hand out on the great giveaway debacle ?
I never got fuck all when they forced me to sign up using my email etc.
EDIT: I signed up for the giveaway back then in 2013 just after i got here.
Think about it.. they are pumping it or otherwise using sketchy means to drive the price up i almost certain.. and... releasing more coins.
So they can add coins but can't take them away and need to use shady means to affect the price.
Or they risk violating that agreement quoted.
So i am saying if they are investigated and get caught pumping it etc they are in for a world of hurt.
They better hope they are not being watched.
This shit will unravel eventually i think.
It simply shouldn't have existed in the first place.
This is worse than any ICO crap out there because it's not decentralized and open sourced and a currency.
It's some scammy ass ICO free money corporate ledger scheme.
This scam will get the Kill Switch flipped any day now if it comes out that market makers and Ripple have violated this agreement. Enjoy getting REKT.
On May 5, 2015, FinCEN fined Ripple Labs and XRP II US$700,000 for violation of the Bank Secrecy Act,[31] based on the Financial Crimes Enforcement Network's additions to the act in 2013.[51] Ripple Labs agreed to remedial steps to ensure future compliance, which included an agreement to only transact XRP and "Ripple Trade" activity through registered money services businesses (MSB), among other agreements such as enhancing the Ripple Protocol.[31]
Yes. KILL SWITCH. This is not decentralized crypto and has a central point of failure.
On May 5, 2015, FinCEN fined Ripple Labs and XRP II US$700,000 for violation of the Bank Secrecy Act,[31] based on the Financial Crimes Enforcement Network's additions to the act in 2013.[51] Ripple Labs agreed to remedial steps to ensure future compliance, which included an agreement to only transact XRP and "Ripple Trade" activity through registered money services businesses (MSB), among other agreements such as enhancing the Ripple Protocol.[31]
Yes. KILL SWITCH. This is not decentralized crypto and has a central point of failure.
you will all lose your money in this coin
At the same time, consumers all around the world are buying xrp at $0.25 thinking its cheap not knowing there is 99.9billion compared to max 21million btc.
This statement alone should be an eye-opener for the lot here who are praising ripple. The circulation supply is little over 38 billion, giving xrp market cap of 9 billion$. Taking 99.9 billion available supply into account, market cap will be just shy of 25 billion$. Bitcoin has 28 billion$ mc. Whoever is thinking that xrp will be worth 0.5-1$ in future, please come out of your slumber, that would mean 50-100 billion$ market cap. Entire crypto does not have 100 billion$ market cap right now.
Now ask yourself if xrp will reach 100 billion$ market cap in future? There are far better projects there where ROI will be much higher in future.
XRP only serves to make ripple rich, it has no real world use and its volatility shows just how much its ruled by speculation rather than any fundamentals. Ripple still have over 60 billion XRP to release at their convenience, I just don't understand why people are stupid enough to buy them.
And they should be rewarded for their work. Not like the mining coins where you make the electric companies rich for no good reason at all.
Miners provide a service.. securing the block-chain and making the transactions move etc.
In turn they are paid.
Miners that buy hardware to mine are showing their support by investing in hardware.
Waste of power ? Sure.. but there really isn't a better way yet.
Except Prime Coin or Grid Coin etc.
But you think Ripple's bullshit is an improvement ? I gotta laugh at your ass now
And mmortal03.. good points especially about predictability vs random dumping by Ripple inc.
Why on earth would banks use the Ripple as is when they can make their own?
Well they already use it. The could really fork Ripple in less than a day and they could have their own chain yet not. Easypeasy Japanesee are buying right now. Join the pun.
Well they already use it. The could really fork Ripple in less than a day and they could have their own chain yet not. Easypeasy Japanesee are buying right now. Join the pun.
Japanese may be fueling the rise, but the problem is the contagion effect. If XRP goes down, it is unlikely that it will be an isolated crash. It could take down a lot of alts (and maybe Bitcoin as well). Right now, everybody is having a party.
I asked before if they could delete coins.
Look at it ..they are playing Federal reserve.
If the price needs to be controlled they issue more..
But what if they need to increase the price ?
Uhhh ohhh we have a problem LOL
We have a handicapped psuedo-fed reserve who can only add and not subtract coins.
And wasn't all of this about them creating a coin with a stable value anyway ?
Isn't that the big defense ?
What will happen when the want the price to increase ?
Look around
You are lookin' at it.. pumpidty pump LOL
Yeah professional shit right there hahahahhahahha
And banks don't need Ripple.
They already have their own systems.. and plenty of alternatives.
Why would they dump all the options they already use in favor of Ripple ?
you will all lose your money in this coin
Not all. Some People are in at $0.006
Nice try, but try again. This time dont generalize.
Remember, some people here aren't in this just to make money.
XRP can drop to $0.03 tomorrow, oh well.
It's funny seeing all these people hating on ripple for their own EPIC reasons. While others have sat quietly making 35x their money in the last 2 months.
All while ripple has distributed xrp openly going on 4 years now and people still say this is new.
So ripple selling/loaning hundreds of millions of XRP weekly at or around market price to institutions is a bad thing?
No, it's called demand.
At the same time, consumers all around the world are buying xrp at $0.25 thinking its cheap not knowing there is 99.9billion compared to max 21million btc.
It's not ripples fault these millenials would rather have a few thousand xrp that can be settled in seconds compared to 0.001 btc that has been stuck for last 48 hours.
Why on earth would banks use the Ripple as is when they can make their own?
Well they already use it. The could really fork Ripple in less than a day and they could have their own chain yet not. Easypeasy Japanesee are buying right now. Join the pun.
Well they already use it. The could really fork Ripple in less than a day and they could have their own chain yet not. Easypeasy Japanesee are buying right now. Join the pun.
Japanese may be fueling the rise, but the problem is the contagion effect. If XRP goes down, it is unlikely that it will be an isolated crash. It could take down a lot of alts (and maybe Bitcoin as well). Right now, everybody is having a party.
This. This is exactly the concern of a lot of people, including myself. I don't "FUD" on XRP to hurt people's investment or too get cheap coins. There is a very good chance that a calamity that wrecks new investors will deflate enthusiasm for cryptocurrency as a whole. This should be of great concern to everyone.
Oh nice. That is why I never ever put my fate in XRP. When Ripple wants to release more coin, they can easy do that without any permission from users. XRP is not a coin, it is a disaster, you will all lose your money in this coin
+1
I wish this could be conveyed in japanese or korean to our far east friends
Oh nice. That is why I never ever put my fate in XRP. When Ripple wants to release more coin, they can easy do that without any permission from users. XRP is not a coin, it is a disaster, you will all lose your money in this coin
The price of XRP is doing well right now while most other altcoins and bitcoin are dropping. What's keeping the ripple price high?
Today it's South Koreans.
Sorry, that was needlessly cryptic. I mean it's launched on South Korean exchanges.
The price of XRP is doing well right now while most other altcoins and bitcoin are dropping. What's keeping the ripple price high?
Today it's South Koreans.
ripple is centralized it's bad, i would not invest there ever, i hear that it's only used to pay their employees, it has no real use, not even for speculation, all i see there on coinmarketcap is the dumping for this coin, just forget it focus on better altcoin
That is pretty much what i have read too. Who wants to use a coin that is only used for paying their own employees. Its like getting free workers and paying them with free money. I mean really once they made xrp they didnt habe to much beyond try to look good. Now that tra slates into btc somehow. Who knows.
At one point, people used the description of "free money" or "funny money" to describe Bitcoin too.
I too think that XRP is overpriced, but then the market works in strange ways.
The price of XRP is doing well right now while most other altcoins and bitcoin are dropping. What's keeping the ripple price high?
ripple is centralized it's bad, i would not invest there ever, i hear that it's only used to pay their employees, it has no real use, not even for speculation, all i see there on coinmarketcap is the dumping for this coin, just forget it focus on better altcoin
That is pretty much what i have read too. Who wants to use a coin that is only used for paying their own employees. Its like getting free workers and paying them with free money. I mean really once they made xrp they didnt habe to much beyond try to look good. Now that tra slates into btc somehow. Who knows.
At one point, people used the description of "free money" or "funny money" to describe Bitcoin too.
I too think that XRP is overpriced, but then the market works in strange ways.
Right, but like what people have just said above, 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, like what has been said above, the banks or governments likely don't want to deal with such a company run system, 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.
ripple is centralized it's bad, i would not invest there ever, i hear that it's only used to pay their employees, it has no real use, not even for speculation, all i see there on coinmarketcap is the dumping for this coin, just forget it focus on better altcoin
That is pretty much what i have read too. Who wants to use a coin that is only used for paying their own employees. Its like getting free workers and paying them with free money. I mean really once they made xrp they didnt habe to much beyond try to look good. Now that tra slates into btc somehow. Who knows.
At one point, people used the description of "free money" or "funny money" to describe Bitcoin too.
I too think that XRP is overpriced, but then the market works in strange ways.
ripple is centralized it's bad, i would not invest there ever, i hear that it's only used to pay their employees, it has no real use, not even for speculation, all i see there on coinmarketcap is the dumping for this coin, just forget it focus on better altcoin
That is pretty much what i have read too. Who wants to use a coin that is only used for paying their own employees. Its like getting free workers and paying them with free money. I mean really once they made xrp they didnt habe to much beyond try to look good. Now that tra slates into btc somehow. Who knows.
Why on earth would banks use the Ripple as is when they can make their own?
Well they already use it. The could really fork Ripple in less than a day and they could have their own chain yet not. Easypeasy Japanesee are buying right now. Join the pun.
Well they already use it. The could really fork Ripple in less than a day and they could have their own chain yet not. Easypeasy Japanesee are buying right now. Join the pun.
Japanese may be fueling the rise, but the problem is the contagion effect. If XRP goes down, it is unlikely that it will be an isolated crash. It could take down a lot of alts (and maybe Bitcoin as well). Right now, everybody is having a party.
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