Ripple XRP is a complete fraud GET OUT! - page 21.

McWorse

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Quote from: mining1 on May 11, 2017, 07:57:43 AM

Whoever is using ripple's technology for legitimate reasons, like banks, they do NOT buy XRP. Because the whole purpose of RIPPLE is to cut costs, and buying XRP would increase them instead.

Not to mention XRP is NOT needed to transact on ripple. Read their goddamn site. No mention of XRP being used or being useful. XRP is like a side project and fools investors into thinking ripple's success translate into XRP success, which is not happening.

As a comparison, see ethereum and ethereum classic. Everything important happens in ethereum world. But because ethereum classic has the same name and similar logo, it fooled people into thinking it has potential too, which is false.

So as a conclusion, XRP is a way for RIPPLE to capitalize on their success because they do not make profit with ripple unless banks pay for the services in cash, which i doubt. So they make profit by dumping XRP on the market to speculators.

Another silly symphony ...

The amount of XRP burned in a transaction is a fraction of the costs banks have at the moment, when they transfer money over this planet. Or do you really think, there are only stupid people working in banks, that they try out ripple technology at the moment? That they can't calculate costs?

And please tell me:
How often do we have to explain here, that banks NEED XRP, when they want to transfere money to other banks with other ledgers, until guys like you will understand that? Another thousand times more?
Go and make your homework first, before you spread your bullshit here.

mining1

hero member

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Whoever is using ripple's technology for legitimate reasons, like banks, they do NOT buy XRP. Because the whole purpose of RIPPLE is to cut costs, and buying XRP would increase them instead.

Not to mention XRP is NOT needed to transact on ripple. Read their goddamn site. No mention of XRP being used or being useful. XRP is like a side project and fools investors into thinking ripple's success translate into XRP success, which is not happening.

As a comparison, see ethereum and ethereum classic. Everything important happens in ethereum world. But because ethereum classic has the same name and similar logo, it fooled people into thinking it has potential too, which is false.

So as a conclusion, XRP is a way for RIPPLE to capitalize on their success because they do not make profit with ripple unless banks pay for the services in cash, which i doubt. So they make profit by dumping XRP on the market to speculators.

aguila

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Quote from: StinkyLover on May 09, 2017, 03:01:40 PM

Quote from: Stell on May 09, 2017, 01:45:55 PM

There is a bear market in Alts coming.

Bear follows Bull, Bull follows Bear. Rinse. Repeat.

Wait till the bubble pops

Spoetnik

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FUD Philanthropist™

My reply was a cliche.. i have been accused of that a million times before.
You say something good or bad here.. it's OBVIOUSLY because you're buying / selling. Cheesy

I really don't see ANY redeeming value in Ripple shit.
I can not fathom why anyone would willingly SUPPORT it.

Few do..

*Most* say what you said Lion.. they are buying coin for ROI'z.
EVEN ..if it's a coin you should NOT be supporting.

And this my profiteer kidiot friends is what Crypto is about.
Placing wagers on, well.. who fucking cares.
As long as it pays out.

And that piss poor mentality has taken something with promise and destroyed it.
When i came here and there was a small handful of coins this shit was considered a dirty secret.
An embarrassment and a joke.
Now ? Good god.. what a clown shit show of fucking retard profiteer faggotry.

You are fools and won't learn.
And because of this there is one single outcome.
I get to kick back and see it all play out precisely as i predicted each and every step of the way.

You profiteers here sold out.
You forked over your support investment for peanuts.. chump change.
Sad.. because you could have been rich beyond belief.
But your stupid.

lionheart78

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Quote from: Spoetnik on May 10, 2017, 06:27:21 AM

Quote from: PentagonPinnacle on May 09, 2017, 03:17:35 PM

ok let's try this one slowly XRP is the coin ripple has designed for use with their ledger it's in use now by multiple banks.
The rise in coin value is because of recent news over the past few weeks. Google that penguin.

This is 2017 & the coin google assisted funding which amounted to 90+ million is most likely the most heavily funded ledger & coin on the market.

There is a reason it's in the top three market cap soon to be#1 !

Ya because they keep releasing more coins.. last time i noticed to leap over LTC in cap standings.

@lionheart78
It's obvious you bought some and are scared of the "FUD".

Nope I do not hold any XRP, but I do recommend it to my friend to buy it when it was at 3 digits and told him to exit when he got a good profit from it. I was just saying my thought about OP's reaction. And I am never affected by FUD nor hype Cheesy

probably because I do not care at all since when I buy any altcoin, I know what I am doing and considered them as lost fund already. Grin

robelneo

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Quote from: lionheart78 on May 09, 2017, 04:44:09 PM

Quote from: stomachgrowls on May 09, 2017, 07:31:59 AM

Quote from: Snail2 on May 09, 2017, 07:24:22 AM

Ripple also have a lot of corporate backing. Of course they are centralized and can extend the supply quite a lot, but ETH and it's whales are not a bit better. So forget that "will go down with me and rise with me" silliness if you want to deal with alts. Any coin can be successful while you losing your life savings if you bought into it in the wrong time.

As long its centralized then supply can really be extent on what they want .I dont know whats the meaning of the things that being said by op down with me and rise with me.He must assuming that he can anytime guess and go with the flow of a certain altcoin he does engage and if hes saying about XRP is fraud then it doesnt matter at all on those person who do engage with it.It may not give him some money but for others it does.

It is obvious, OP just bought XRP at the very wrong time probably at its peak then after buying XRP go soutward. And he lose his potential profit (thinking it will continue to rise in price) Then he was too disappointed and being too emotional he created this thread whining about XRP not being cooperative with him. Well that is my assumption.

Maybe you are right,why would he have something on xrp he has a motive on this,he wants peopel to sell the coin at very low price then buy it and wait for the next big pumps,this is also my assumption people created fud so people will dump their coin.

Spoetnik

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FUD Philanthropist™

Quote from: PentagonPinnacle on May 09, 2017, 03:17:35 PM

ok let's try this one slowly XRP is the coin ripple has designed for use with their ledger it's in use now by multiple banks.
The rise in coin value is because of recent news over the past few weeks. Google that penguin.

This is 2017 & the coin google assisted funding which amounted to 90+ million is most likely the most heavily funded ledger & coin on the market.

There is a reason it's in the top three market cap soon to be#1 !

Ya because they keep releasing more coins.. last time i noticed to leap over LTC in cap standings.

@lionheart78
It's obvious you bought some and are scared of the "FUD".

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: stomachgrowls on May 09, 2017, 07:31:59 AM

Quote from: Snail2 on May 09, 2017, 07:24:22 AM

Ripple also have a lot of corporate backing. Of course they are centralized and can extend the supply quite a lot, but ETH and it's whales are not a bit better. So forget that "will go down with me and rise with me" silliness if you want to deal with alts. Any coin can be successful while you losing your life savings if you bought into it in the wrong time.

As long its centralized then supply can really be extent on what they want .I dont know whats the meaning of the things that being said by op down with me and rise with me.He must assuming that he can anytime guess and go with the flow of a certain altcoin he does engage and if hes saying about XRP is fraud then it doesnt matter at all on those person who do engage with it.It may not give him some money but for others it does.

It is obvious, OP just bought XRP at the very wrong time probably at its peak then after buying XRP go soutward. And he lose his potential profit (thinking it will continue to rise in price) Then he was too disappointed and being too emotional he created this thread whining about XRP not being cooperative with him. Well that is my assumption.

PentagonPinnacle

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Activity: 75

Merit: 10

ok let's try this one slowly XRP is the coin ripple has designed for use with their ledger it's in use now by multiple banks.
The rise in coin value is because of recent news over the past few weeks. Google that penguin.

This is 2017 & the coin google assisted funding which amounted to 90+ million is most likely the most heavily funded ledger & coin on the market.

There is a reason it's in the top three market cap soon to be#1 !

StinkyLover

sr. member

Activity: 454

Merit: 250

This industry is pure fiction

Quote from: Stell on May 09, 2017, 01:45:55 PM

There is a bear market in Alts coming.

Bear follows Bull, Bull follows Bear. Rinse. Repeat.

The Sceptical Chymist

legendary

Activity: 3458

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Top Crypto Casino

All of these coins are garbage, and ripple is no exception. Basically most of what OP said is true...and it applies to 99.999% of the rest of the shitcoin world.

Stell

newbie

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Quote from: AmarO on May 09, 2017, 05:45:48 AM

After this realization I had to give up on Ripple completely, I sold my shares and am out of Ripple, I need a company that will go down with me and rise with me not one that rises no matter what while I fund them and I very likely may get screwed while they get successful. Open your eyes if you're investing in them.... you are investing in their XRP not Ripple as their employee quickly pointed out to me on twitter. Even regarding their block-chain technology big competitors are coming on the scene soon. The main point though is I need a company that will go down with me and rise with me not one that rises no matter what while I fund them and take all the risk. Why can a company I invest in be successful without me being successful as well, how is that even a possiblity!?! I'm out this is a complete scam and fraud it was obviously knowingly created that way.

DO NOT INVEST IN XRP

There is a bear market in Alts coming.

AmarO

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Merit: 11

Quote from: mining1 on May 09, 2017, 12:36:33 PM

Hello ? Reality check. Go read ripple website https://ripple.com/ . No mention about XRP being needed. It actually says xrp is not needed to transact on ripple. Ripple only hopes XRP will be used as a crypto bridge between fiat and blockchain, like they "hope" it will be used as currency/money.
Ripple's pilot projects and testing ( none are in production ) have nothing to do with ripple as a platform / ledger with XRP. Banks, nor anyone, buys xrp to use it on the platform. It is a currency with no usage.

https://ripple.com/
https://ripple.com/xrp-portal/

I know lol, it's already turned into currency/money for them as they used it for free funding while lying to and misguiding the investors in their papers. If Ripple + XRP would allow banks to save a significant amount greater than just Ripple alone then it would make sense. This is nonsense though I can't believe they're screwing their investors like this. It's a completely false hype train, the currency has no usage like you said. So many banks are using Ripple atm none are using XRP. It's just not worth it for Banks.

mining1

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Hello ? Reality check. Go read ripple website https://ripple.com/ . No mention about XRP being needed. It actually says xrp is not needed to transact on ripple. Ripple only hopes XRP will be used as a crypto bridge between fiat and blockchain, like they "hope" it will be used as currency/money.
Ripple's pilot projects and testing ( none are in production ) have nothing to do with ripple as a platform / ledger with XRP. Banks, nor anyone, buys xrp to use it on the platform. It is a currency with no usage.

https://ripple.com/
https://ripple.com/xrp-portal/

Snail2

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Quote from: AmarO on May 09, 2017, 10:49:15 AM

Okay let me explain it to you guys so it's 100% clear to everyone this is a scam coin.
American Bank A buys XRP from exchange then sends to Indian Bank B who then sells XRP back into exchange for Rupee. That means there has to be people in the exchange selling XRP for USD as well as people buying XRP for Rupee.... Ripple said they want it to be stable as well which is necessary... But why will people want an investment that stays the same? You think people will keep there money in for free just so Ripple can use it to run their XRP exchange? It's so flawed... Noone will want to hold onto XRP. What if there isn't a buy or sell available? Banks will still need Nostro accounts incase the sell and buy isn't there. Ripples' model for savings is so biased and flawed. Banks are going to save a miniscule amount with Ripple + XRP vs just Ripple it's a complete scam coin. Banks would rather just use Ripple and trade real currency vs the headache of buying and selling on the exchange to purchase and sell XRP. It's not worth the LITTLE amount of savings XRP will add along with the headache.

What you wrote isn't how Ripple working.
If you want to send 10$ worth Rupee from the US to India you are not going to send XRP. You buy XRP from Ripple, then for your XRP you buy the 10$ worth of Rupee IOUs from a gateway what offering it, and that's what you send to the other bank in India (+ you pay the transaction fees in XRP to Ripple or to the gateway). (Another way if you buy widely accepted USD IOUs and exchange that to Rupee IOUs) ...or maybe you buy Rupee IOUs from the gateway directly for your USD. Anyway at the end of the process the Indian bank will cash out the Rupee IOUs in real Rupees at a gateway.

Edit: More info here https://wiki.ripple.com/Payments

Spoetnik

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FUD Philanthropist™

@cryptohunter
The sad thing is profiteer investards don't care.
is it pumped ? Does it make me ROI'z ? Then BUY BUY BUY !!111ONE

They don't care that Butters walked away with many millions of dollars from ETH.
Co-opting..
Spread out a slice and let the minions defend the scheme.. par for the course here since day one.

And that comment earlier about the Banks connection and how it works etc is accurate i think.
"Investers" (I use that term loosely) need to pay attention to the details.

DD kidiots ..DD

Or ?
Just pick random 3 letter ascii codes on Polo and hand them your money and ID etc.
So ROI's very Crowd Fund MUCH profit'z !!111

Guyz liek OMG buy ZAQ coin cause it's teh bestest so ROI's and much PRofit yo !!! Very Exchanger riche'z !!11ONE

AmarO

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To further explain the math...

Even if the market has liquidity and is fairly stable if you look at the business model in regards to Ripple without XRP and Ripple with XRP it will be self-evident this is a scam coin. In the with XRP nostro accounts are completely taken out of the equation to cut costs which is completely unrealistic. Nostro accounts will still be needed so when you do the math then you come to the realization that banks aren't really saving more with Ripple + XRP.

AmarO

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Quote from: g___ on May 09, 2017, 11:22:59 AM

you have an "all or nothing" mentality which is foolish when it comes to business - that's not how the world works. is ford the only car company, apple the only computer company?

goldman sachs filed their own patent similar to ripple's. western union is developing their own proprietary blockchain technology too. businesses compete, that's business...

You're right that's true, please read above though, the biased flaws in Ripples' business savings model reveal substantial evidence that this is a scam coin as the facts have been deliberately misconstrued to portray a false truth

g___

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Quote from: AmarO on May 09, 2017, 07:12:40 AM

JP Morgan has been working relatively under the sheets for awhile on Quorum went around taste testing and now is ready to make its own

Who wins these guys or Ripple? lol

you have an "all or nothing" mentality which is foolish when it comes to business - that's not how the world works. is ford the only car company, apple the only computer company?

goldman sachs filed their own patent similar to ripple's. western union is developing their own proprietary blockchain technology too. businesses compete, that's business...

AmarO

member

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Quote from: minere2011 on May 09, 2017, 11:00:40 AM

I think the OP is either a troll or off his meds. I would much rather trust Ripple as a licensed company than some backroom crypto project that no one really knows anything about. People running Ripple has much more in stake than any of us who are holding the coin.

Peace! Cool

Stop being so uneducated and ignorant, have you even read their papers? Such a foolish response.

Topic: Ripple XRP is a complete fraud GET OUT! - page 21. (Read 65495 times)