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.
Topic: Ripple releases 333 million more Tokens - page 5. (Read 16928 times)
Hype doesn't last forever.. Now some recent quotes from Edward Schwartz of Ripple, 2 hours ago....
Question: "AFAIK, not a single pizza has been bought with XRP. This seems to be speculation that banks will adopt the ripple protocol as a replacement for swift settlements and XRP would serve as a reserve currency. Even if banks where to do this one day, and Im sure they will do something similar eventually, why on earth would they use the Ripple as is, and buy in to your $24B blockchain, when they can just as well fork ripple code, adapt it to their needs, create their own token and not be dependant on a small startup like ripple labs that controls 60% of that reserve currency?" - FACTS
Answers: "I'm sure banks probably will try that. And we'll have to compete with everyone else's efforts on the level playing field that we expect ILP to create. Consortiums of banks will likely claim market share in the jurisdictions in which they operate. So expecting XRP to capture, say, large USD->EUR flows early might be unreasonable. Banks will probably do that super-efficiently for the foreseeable future." - Banks Wreck XRP
"If it's backed, there's no way to benefit from its increase in value" - no way to be hurt by a decrease in value either, banks want stability they want a backed coin.
"I can't promise we'll be able to pull it off, but we're going to try. Right now, Ripple's XRP has a notional value of something like $14 billion. We have every incentive to try to increase and realize that value." - keep pumping out the media hype which will lead to coin pumps and then the zombie army(cult following who has made some short-term profit off XRP hype).
Future Projections: 1) Banks just use the Ripple network and or someone elses' to cut money transfer costs, no coin 2) Banks use their own backed coins on Ripple or someone elses' Network, 3) Something New
Most likely many companies will split market share in the industry using this new technology. XRP will fail, might as well buy a lottery ticket instead.
Question: "AFAIK, not a single pizza has been bought with XRP. This seems to be speculation that banks will adopt the ripple protocol as a replacement for swift settlements and XRP would serve as a reserve currency. Even if banks where to do this one day, and Im sure they will do something similar eventually, why on earth would they use the Ripple as is, and buy in to your $24B blockchain, when they can just as well fork ripple code, adapt it to their needs, create their own token and not be dependant on a small startup like ripple labs that controls 60% of that reserve currency?" - FACTS
Answers: "I'm sure banks probably will try that. And we'll have to compete with everyone else's efforts on the level playing field that we expect ILP to create. Consortiums of banks will likely claim market share in the jurisdictions in which they operate. So expecting XRP to capture, say, large USD->EUR flows early might be unreasonable. Banks will probably do that super-efficiently for the foreseeable future." - Banks Wreck XRP
"If it's backed, there's no way to benefit from its increase in value" - no way to be hurt by a decrease in value either, banks want stability they want a backed coin.
"I can't promise we'll be able to pull it off, but we're going to try. Right now, Ripple's XRP has a notional value of something like $14 billion. We have every incentive to try to increase and realize that value." - keep pumping out the media hype which will lead to coin pumps and then the zombie army(cult following who has made some short-term profit off XRP hype).
Future Projections: 1) Banks just use the Ripple network and or someone elses' to cut money transfer costs, no coin 2) Banks use their own backed coins on Ripple or someone elses' Network, 3) Something New
Most likely many companies will split market share in the industry using this new technology. XRP will fail, might as well buy a lottery ticket instead.
So many things can go wrong with this XRP currency lol. Even the developer admits that it can easily flop in his posts haha worthless speculative crap. Invest in something with substance. XRP real value should be less than 1c.
On the 8'th of april 2015 there was 31,908,551,587 XRP.
Today there are 38,305,873,865.
Which is a 20% increase.
Take litecoin.
37,993,004 on 8'th of april 2015.
Today there are 51,112,832.
So you have 35% increase.
In practise.. Lite coin have had a much more severe inflation, but somehow thats more ok?
Just because they can prove they did the planet more shitty with electric waste?
Today there are 38,305,873,865.
Which is a 20% increase.
Take litecoin.
37,993,004 on 8'th of april 2015.
Today there are 51,112,832.
So you have 35% increase.
In practise.. Lite coin have had a much more severe inflation, but somehow thats more ok?
Just because they can prove they did the planet more shitty with electric waste?
There are good reasons for why allowing a centralized entity to release coins on whatever schedule they want is worse than allowing anyone to mine coins on a pre-determined, predictable, algorithmically limited basis.
You talk about ideas. I talk about reality.
Reality is that ripple has less inflation than litecoin.
I'm not a big fan of Litecoin, but I do like Litecoin as a testnet for SegWit. That being said, you're completely missing the point about inflation in cryptocurrencies. Litecoin's emission schedule is predictable. Ripple's is not. One of the main reasons for having cryptocurrencies is to have something that avoids a government or centralized party's whims in terms of inflating their currency supply.
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.
Sounds like you don't understand the science behind proof of work. There are very good reasons for using electricity to mine bitcoins. For one, it turns registered value into unregistered value.
This was last January 2017. Rules have changed already and ripple moons. Most of those that fud hasn't bought thousands of Ripple when its less than 10 cents. Now you have to spread all the fud you can do and dig old threads like this to drop the price but it rise more up to 14k satoshis. 
Shilling for XRP without contributing any knowledge as to why your investment isn't in a speculative bubble is a waste of our time.
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.
Exactly. These people jump from coin to coin with the hopes of reaping profit. They move like schools of fish and use the fact that there is money flowing into the market as a way to justify its existence and call it a success.
The thing is, they are all just starry eyed fools who make false equivalencies to Bitcoin's success. It's like that with most altcoins. Some whale has the $$$ to prop the price up and it isn't until the price is propped up that people begin to put their money in hoping for the same % growth to happen once again. It's a win-win for the whale while it's a giant lose for the bagholders who catch the peak of the wave with nobody left to sell to as it inevitably collapses.
The amount of stupid bullshit spouted from wannabe crypto talkshows who are merely speculators without any professional background or education or... anything... There's nothing wrong with being working class but there is an overabundance of wave chasers who will say anything to manipulate their viewers and believe anything that circulates a few forums if it somehow would lead to their envisioned riches.
-
The problem is a lot of people buy into all that hype and when the crash eventually happens its the average person who gets screwed not the whale. To me the biggest sign of a bubble is the fact that such worthless coins get pumped to high heaven, I don't think the crash is very far away.
And yes its in peoples nature to hype up coins they are invested in, but I think most of them wholeheartedly believe the nonsense they are peddling. I kind of feel sorry for them because at the end of the day the majority of them will be screwed.
On the 8'th of april 2015 there was 31,908,551,587 XRP.
Today there are 38,305,873,865.
Which is a 20% increase.
Take litecoin.
37,993,004 on 8'th of april 2015.
Today there are 51,112,832.
So you have 35% increase.
In practise.. Lite coin have had a much more severe inflation, but somehow thats more ok?
Just because they can prove they did the planet more shitty with electric waste?
Today there are 38,305,873,865.
Which is a 20% increase.
Take litecoin.
37,993,004 on 8'th of april 2015.
Today there are 51,112,832.
So you have 35% increase.
In practise.. Lite coin have had a much more severe inflation, but somehow thats more ok?
Just because they can prove they did the planet more shitty with electric waste?
There are good reasons for why allowing a centralized entity to release coins on whatever schedule they want is worse than allowing anyone to mine coins on a pre-determined, predictable, algorithmically limited basis.
You talk about ideas. I talk about reality.
Reality is that ripple has less inflation than litecoin.
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.
Weren't cryptocurrencies meant to avert this type of random inflation?
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.
Exactly. These people jump from coin to coin with the hopes of reaping profit. They move like schools of fish and use the fact that there is money flowing into the market as a way to justify its existence and call it a success.
The thing is, they are all just starry eyed fools who make false equivalencies to Bitcoin's success. It's like that with most altcoins. Some whale has the $$$ to prop the price up and it isn't until the price is propped up that people begin to put their money in hoping for the same % growth to happen once again. It's a win-win for the whale while it's a giant lose for the bagholders who catch the peak of the wave with nobody left to sell to as it inevitably collapses.
The amount of stupid bullshit spouted from wannabe crypto talkshows who are merely speculators without any professional background or education or... anything... There's nothing wrong with being working class but there is an overabundance of wave chasers who will say anything to manipulate their viewers and believe anything that circulates a few forums if it somehow would lead to their envisioned riches.
-
This was last January 2017. Rules have changed already and ripple moons. Most of those that fud hasn't bought thousands of Ripple when its less than 10 cents. Now you have to spread all the fud you can do and dig old threads like this to drop the price but it rise more up to 14k satoshis.
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.
On the 8'th of april 2015 there was 31,908,551,587 XRP.
Today there are 38,305,873,865.
Which is a 20% increase.
Take litecoin.
37,993,004 on 8'th of april 2015.
Today there are 51,112,832.
So you have 35% increase.
In practise.. Lite coin have had a much more severe inflation, but somehow thats more ok?
Just because they can prove they did the planet more shitty with electric waste?
Today there are 38,305,873,865.
Which is a 20% increase.
Take litecoin.
37,993,004 on 8'th of april 2015.
Today there are 51,112,832.
So you have 35% increase.
In practise.. Lite coin have had a much more severe inflation, but somehow thats more ok?
Just because they can prove they did the planet more shitty with electric waste?
Disagreed
Many investors got confused by Ripple being in talks with banks in Japan. The company would benefit from it but not the coin !
If you wanna play Japan, you should go for MONA coin which is the Japanese LTC
Or go for LTC which offers great value too.
On the 8'th of april 2015 there was 31,908,551,587 XRP.
Today there are 38,305,873,865.
Which is a 20% increase.
Take litecoin.
37,993,004 on 8'th of april 2015.
Today there are 51,112,832.
So you have 35% increase.
In practise.. Lite coin have had a much more severe inflation, but somehow thats more ok?
Just because they can prove they did the planet more shitty with electric waste?
Today there are 38,305,873,865.
Which is a 20% increase.
Take litecoin.
37,993,004 on 8'th of april 2015.
Today there are 51,112,832.
So you have 35% increase.
In practise.. Lite coin have had a much more severe inflation, but somehow thats more ok?
Just because they can prove they did the planet more shitty with electric waste?
There are good reasons for why allowing a centralized entity to release coins on whatever schedule they want is worse than allowing anyone to mine coins on a pre-determined, predictable, algorithmically limited basis.
On the 8'th of april 2015 there was 31,908,551,587 XRP.
Today there are 38,305,873,865.
Which is a 20% increase.
Take litecoin.
37,993,004 on 8'th of april 2015.
Today there are 51,112,832.
So you have 35% increase.
In practise.. Lite coin have had a much more severe inflation, but somehow thats more ok?
Just because they can prove they did the planet more shitty with electric waste?
Today there are 38,305,873,865.
Which is a 20% increase.
Take litecoin.
37,993,004 on 8'th of april 2015.
Today there are 51,112,832.
So you have 35% increase.
In practise.. Lite coin have had a much more severe inflation, but somehow thats more ok?
Just because they can prove they did the planet more shitty with electric waste?
Since this thread was created they have "released" several billion more XRP.
I highly recommend people cut through the predictions and assertions of speculators because many of them are willfully ignorant or are ignoring reality because they are invested in XRP. Read up on news about Ripple's past and read the fine print of their own information about XRP and how it relates to their current project.
And DEFINITELY read the terms and conditions if you are thinking of opening an account (their wallet) to place your XRP in. You'll be surprised once you take the time to do your own digging.
I highly recommend people cut through the predictions and assertions of speculators because many of them are willfully ignorant or are ignoring reality because they are invested in XRP. Read up on news about Ripple's past and read the fine print of their own information about XRP and how it relates to their current project.
And DEFINITELY read the terms and conditions if you are thinking of opening an account (their wallet) to place your XRP in. You'll be surprised once you take the time to do your own digging.
Yep, the following is a good video to watch: https://www.youtube.com/watch?v=mQKxSVLLfAk
Japanese stupid money is flowing into their personal favourites Ripple and NEM:
https://medium.com/@coin_and_peace/new-wave-of-japanese-investors-are-fueling-the-great-altcoin-bubble-a504383172ff
I checked out the coincheck.com trollbox and there are plenty of people there buying Ripple and NEM because they are still cheap PER COIN, completely disregarding cap and supply.
https://medium.com/@coin_and_peace/new-wave-of-japanese-investors-are-fueling-the-great-altcoin-bubble-a504383172ff
I checked out the coincheck.com trollbox and there are plenty of people there buying Ripple and NEM because they are still cheap PER COIN, completely disregarding cap and supply.
That is the problem Andy.. monumental levels of bullshit on both sides (pro & con)
And no one will read the fine print.
As long as an exchange or two adds what ever the fuck coin.. it's deemed legit
and there for the hoards of idiots will rush in to Poloniex and spend Bitcoin buying XYZ coin fer teh ROI'z.
How many spend any time checking for a personal criteria ?
How many have any criteria ?
Scam ?
Of course they don't want to buy a coin considered a scam.
The idiots in crypto are worried it won't pay out..
Not because it's engineered to FUNCTION in a scammy way.
Coin that pays ROI's ? = Legit.
Those that lose them money ? = Scam.
That is the criteria of these drooling dipshit profiteers.
How they work or how they are launched or if they make a scam team incorporated a half billion in profit is 100% irrelevant.
Like i pointed out before no one would touch Ripple.
It got pumped.
Now it's popular
The shit head loser profiteers in crypto are worse than any scammers making scam coins.
All they are doing is pandering to a crowd of worthless greedy pieces of shit with no integrity.
Fuck 'em.
Choke to death on your god damn ROI's scammy little profiteer Investard chucklefucks.
And no one will read the fine print.
As long as an exchange or two adds what ever the fuck coin.. it's deemed legit
and there for the hoards of idiots will rush in to Poloniex and spend Bitcoin buying XYZ coin fer teh ROI'z.
How many spend any time checking for a personal criteria ?
How many have any criteria ?
Scam ?
Of course they don't want to buy a coin considered a scam.
The idiots in crypto are worried it won't pay out..
Not because it's engineered to FUNCTION in a scammy way.
Coin that pays ROI's ? = Legit.
Those that lose them money ? = Scam.
That is the criteria of these drooling dipshit profiteers.
How they work or how they are launched or if they make a scam team incorporated a half billion in profit is 100% irrelevant.
Like i pointed out before no one would touch Ripple.
It got pumped.
Now it's popular
The shit head loser profiteers in crypto are worse than any scammers making scam coins.
All they are doing is pandering to a crowd of worthless greedy pieces of shit with no integrity.
Fuck 'em.
Choke to death on your god damn ROI's scammy little profiteer Investard chucklefucks.
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