Topic: The fate of Ripple now depends on the decision of the court in New York (Read 193 times)
March 23, 2018, 05:02:04 AM
It seems to me there is no almost nothing unusual. It is standard procedure for finding a compromise to be found for further work. It's a shame that it only passes through litigation.
March 18, 2018, 04:27:15 AM
XRP shouldnt be supported by our community its a centralized shitcoin created to destroy our decentralized market,XRP is very centralized and those people who created it can easily manipulate its price.Dont want to shout it loud,its not a cryptocurrency because cryptos are created to be decentralized and clearly XRP doesnt qualifid with this.
March 18, 2018, 04:24:01 AM
From $3 down to where we are now - damn crypto is a fickle business!
March 18, 2018, 04:23:13 AM
This is standard practice in all large projects. The judicial process is almost finished and it is likely to Ripple would continue to steadily grow.
March 17, 2018, 05:54:33 PM
Most of the people here doesnt care about this coin so it wont be a problem with our community,this coin is a purely manipulated coin that is why most of the investors doesnt want to get involved with this coin because its too risky and they could lose a lot of money when these people who are controlling this coin will dump big amounts of supply.
March 17, 2018, 05:43:21 PM
I dont really care about XRP because it is not considered as a cryptocurrency ,its morelikey a digital fiat which we have in visa and mastercards so it doesnt need our support because few people are only manipulating this shitcoin,if i were you i wont be supporting it too because you could get rekt with this purely manipulated coim.
March 17, 2018, 05:36:44 PM
In 2016, Ripple and the R3 blocking consortium signed a contract under which R3 acquired the right to buy 5 billion XRP tokens at a price of $ 0.0085 by the end of 2019. The partnership did not take place, so Ripple tried to terminate the contract unilaterally, to which R3 sued the court in New York.
Ripple responded with a counterclaim to the San Francisco court, but on March 13 he was rejected. Thus, the fate of the crypto currency XRP is in the hands of the justice of New York
March 17, 2018, 05:21:29 PM
In 2016, Ripple and the R3 blocking consortium signed a contract under which R3 acquired the right to buy 5 billion XRP tokens at a price of $ 0.0085 by the end of 2019. The partnership did not take place, so Ripple tried to terminate the contract unilaterally, to which R3 sued the court in New York.
Ripple responded with a counterclaim to the San Francisco court, but on March 13 he was rejected. Thus, the fate of the crypto currency XRP is in the hands of the justice of New York
March 17, 2018, 04:52:26 PM
In 2016, Ripple and the R3 blocking consortium signed a contract under which R3 acquired the right to buy 5 billion XRP tokens at a price of $ 0.0085 by the end of 2019. The partnership did not take place, so Ripple tried to terminate the contract unilaterally, to which R3 sued the court in New York.
Ripple responded with a counterclaim to the San Francisco court, but on March 13 he was rejected. Thus, the fate of the crypto currency XRP is in the hands of the justice of New York
Would you be kind enough to share a news article as source of this? If true then this would be the third major blow for ripple in 2018, and we are just 2 and half months in. That coinbase rejection was a huge blow.
A massive mess, will be a court battle for years to come. Its old news and there are lots of articles about. Cant see how they can win it.
https://www.reuters.com/article/us-r3-ripple-lawsuit/u-s-blockchain-startups-r3-and-ripple-in-legal-battle-idUSKCN1BJ27I
Quote
R3, a startup backed by a group of banks that is also vying to build blockchain tools—which create a tamper-proof record of transactions—to improve money transfers.
Quote
R3 is a consortium of aligned interests pushing distributed ledger and blockchain technologies to solve real-world problems with payments, settlements, regulatory burdens, etc.
R3 used to be in Ripples camp and now they are part of project ubin
https://www2.deloitte.com/content/dam/Deloitte/sg/Documents/financial-services/sg-fsi-project-ubin-report.pdf
Betting On Ripple To Challenge Bitcoin: Think Twice
Check signature for good points
March 17, 2018, 04:37:20 PM
I think they had to negotiate with R3 orally and not to make it public. That they will wait until later.
March 17, 2018, 04:26:05 PM
This trial very negatively affects the attitude to Ripple among the community. All trials are a consequence of the fall of the assets.
March 17, 2018, 09:43:59 AM
If lost Ripple, Ripple will be paid to the company a lot of tokens, so this will cause the market panic, make a lot of people selling XRP, it really is not a good thing for the XRP.
not just ripple but all the crypto world together i guess. March 17, 2018, 09:42:16 AM
It seems to me that here more than half of the forum said that Ripple is not crypto currency and that you do not need to buy it, but still a lot of people did not listen and tried to buy it. I think that all this happened only because they were all very greedy and did not believe that today the Ripple project could fall even lower.
March 17, 2018, 09:39:02 AM
Wasn't aware of this news, but this is why I've always not looked at Ripple as a good coin, just too many deals were made, and community only knows about it now. This is also the problem with its huge supply. Yes, people keep bringing it up, and the devs keep saying they've locked away so much but this is all artificial control of price. I bought some of course, not going to say I stayed away, and I'm still confident it'll bring the price back up to at least the old ATH *at some point* but well, we all knew what the deal was always going to be with Ripple!
do you really think that it will be worth it to hold? i mean what if it just keep dying a little everyday like it has been doing recently.
March 17, 2018, 09:34:35 AM
ripple price is going down everyday cause all we know court result before it ends.
Its going to drop to 1 satoshi after the court ends. Ripple = RIP
Its going to drop to 1 satoshi after the court ends. Ripple = RIP
March 17, 2018, 09:31:55 AM
Wasn't aware of this news, but this is why I've always not looked at Ripple as a good coin, just too many deals were made, and community only knows about it now. This is also the problem with its huge supply. Yes, people keep bringing it up, and the devs keep saying they've locked away so much but this is all artificial control of price. I bought some of course, not going to say I stayed away, and I'm still confident it'll bring the price back up to at least the old ATH *at some point* but well, we all knew what the deal was always going to be with Ripple!
March 17, 2018, 09:27:35 AM
In 2016, Ripple and the R3 blocking consortium signed a contract under which R3 acquired the right to buy 5 billion XRP tokens at a price of $ 0.0085 by the end of 2019. The partnership did not take place, so Ripple tried to terminate the contract unilaterally, to which R3 sued the court in New York.
Ripple responded with a counterclaim to the San Francisco court, but on March 13 he was rejected. Thus, the fate of the crypto currency XRP is in the hands of the justice of New York
Would you be kind enough to share a news article as source of this? If true then this would be the third major blow for ripple in 2018, and we are just 2 and half months in. That coinbase rejection was a huge blow.
March 17, 2018, 09:21:48 AM
It is true, this coin has never been very good frankly, it is always dependent on news that are mostly fake and apparently all people digest them gladly. I would stay away.
March 16, 2018, 05:11:55 AM
I think ripple will probably los this case and it will crash coin into possible oblivion. Wait and see guys.
It is so much better for ripple to die as I see it somekind of scam like bitconnect. I wish they pull the plug.
It is so much better for ripple to die as I see it somekind of scam like bitconnect. I wish they pull the plug.
March 16, 2018, 05:09:19 AM
In 2016, Ripple and the R3 blocking consortium signed a contract under which R3 acquired the right to buy 5 billion XRP tokens at a price of $ 0.0085 by the end of 2019. The partnership did not take place, so Ripple tried to terminate the contract unilaterally, to which R3 sued the court in New York.
Ripple responded with a counterclaim to the San Francisco court, but on March 13 he was rejected. Thus, the fate of the crypto currency XRP is in the hands of the justice of New York
Jump to: