How come that you bitcoiners think that in every crypto technology the fucking token is the main point?
XRP is just a token that is not even necessary for the ripple protocol to work (it's an addition as a bridge and as a spam mechanism, but not really necessary), its price could be at a fraction of a penny and nobody would even need to touch it.
The ripple protocol is a very promising technology and still is, same goes with Eris Industries or Ethereum and others.
Stop focusing on the friggin' "coins". It's very probable that they won't even be a part of the future of crypto (where distibuted ledgers/databases are the real useful innovation).
Well, there are like 32 billion coins going on 100 billion which has to be taken into consideration when markets try to price this thing. That´s why they´re called markets I guess.
The ripple network is a distributed ledger system to move fiat currencies instantly, globally, for cheap, kinda like bitcoin but without the drama, the volatiliy, the 0 consumer protection irreversibility, the POW, etc.
The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example), anybody wanting to use the ripple network can give 0 fucks about XRP and its price.
Stop. Focusing. On. The. Friggin. Tokens.
Let's break down each claim:
- "distributed ledger system to move fiat currencies instantly":
sort of true, although it's not "distributed" right now and it's not clear that the consensus mechanism will actually work if it's actually distributed- "for cheap":
true- "kinda like bitcoin but without the drama":
I'm not sure how pushing Jed out of the company w/ the Wells Fargo situation, and his Yoko Ono-type situation isn't drama- "the volatiliy" [sic]
false- "the 0 consumer protection irreversibility"
false- "the POW"
true- "The cryptocurrency XRP is just a spam mechanism and an addition as a bridge currency, supposedly (but that is not necessary, the USD could play that role in the network eventually for example)..."
true- "...anybody wanting to use the ripple network can give 0 fucks about XRP and its price."
false, because Ripple Labs runs 100% of the basic infrastructure, and their main business model concerns XRP appreciating in price.In conclusion fuck your Ripple bullshit, and telling people emphatically like a douche to not focus on the tokens, when Ripple is completely about the founders enriching themselves with the tokens.
-It's distributed, I think what you mean is "100% decentralized" Apparently it's not that yet, but doesn't really matter that much. Only to bitcoiners that think that "100% decentralized" is always preferable and more efficient.
-It's not drama for people wanting to use the protocol and not XRP, for people holding XRP, yeah probably it's drama.
-There is no volatiliy because you are dealing with fiat currencies. Unless you touch XRP, but that is not necessary.
-Why false about "the irreversibiliy consumer protection?". Gateways (that can be banks) are the asset custodians, there is reversebility possible and consumer protection, in Bitcoin there is none.
-Pretty sure some RL members have said that it is possible XRP will never really rise in value. Anybody can use the protocol and build on top of it if RL disappeared tomorrow.
Dude, calm down, I don't necessary think ripple is the future of anything, I just like the direction technologies like it are going for. That's it.
I think the future of crypto will be something more similar to what ripple is doing (using the distributed ledgers/databases instead of the cryptocurrencies), if Ripple Labs and ripple implode tomorrow I don't even give a shit.
I'm just observing the crypto space.
