Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24436. (Read 26713542 times)
November 20, 2014, 05:28:21 PM
Read the primer pdf first. XRP's utility is that it secures the network and functions as a bridge/temporary currency.
November 20, 2014, 05:27:58 PM
I hope it answered your question.
Yes, thanks. 
November 20, 2014, 05:27:36 PM
See previous posts. XRP is like a stock that Ripple issues as the market develops. More issued as liquidity increases. Can buyback if liquidity fades. Much better mechanism for distribution than mining.
He is talking about XRP distribution, not creation.
November 20, 2014, 05:26:04 PM
Would the ripple fans please help me understand it?
Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.
Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.
Is the above correct?
Thanks..
Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.
Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.
Is the above correct?
Thanks..
This is correct. XRP will be used by market makers to bring liquidity to the system. It happens that paths between two gateways don't have enough liquidity to transact properly. XRP are a tool to work this around.
For example if there is no path between Peruvian nuevo sol and Ruble you can work this way : Sol => XRP => Ruble
This should be automated with autobridging. (Which is not implemented yet I know, but it seems work is progressing).
I hope it answered your question.
November 20, 2014, 05:24:16 PM
Still waiting for your question Jorge.
tell us again about how they make xrp coins out of thin air when they need liquidity ..
and when they are done with them 'unmake' them back into thin air...
Not possible. The same way you can't create bitcoins at will you can't create XRP like that. 100 billions have been created and this will not change.
Let's invest in a cryptocurrency pre-mined from thin air...
Must be heaven for the guys who sold it to all the bagholders.
November 20, 2014, 05:23:47 PM
Still waiting for your question Jorge.
tell us again about how they make xrp coins out of thin air when they need liquidity ..
and when they are done with them 'unmake' them back into thin air...
Not possible. The same way you can't create bitcoins at will you can't create XRP like that. 100 billions have been created and this will not change.
that not what your buddy said:
This RIPPLE thing sounds pretty interesting, could somebody please tell me something about it! Thanks
White papers here: https://forum.ripple.com/viewtopic.php?t=4301
Bitcoin = AOL. Ripple = the internet. The smart money is currently moving into Ripple.
See previous posts. XRP is like a stock that Ripple issues as the market develops. More issued as liquidity increases. Can buyback if liquidity fades. Much better mechanism for distribution than mining.
November 20, 2014, 05:22:03 PM
Would the ripple fans please help me understand it?
Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.
Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.
Is the above correct?
Thanks...
Ripple is a system, based on cryptocurrency ideas but centralized, that banks can use for international remittances and interbank transfers of national currencies.
Ripple (XRP) is also the name of an altcoin, created by the same company that is developing the Ripple system; it is somewhat linked to the system, but is not a necessary part of the system, and probably will not be used by the banks that will use the system.
Is the above correct?
Thanks...
Read: https://forum.ripple.com/viewtopic.php?t=4301
November 20, 2014, 05:20:41 PM
Damn, she's going down...what gives 
November 20, 2014, 05:20:03 PM
Still waiting for your question Jorge.
https://bitcointalksearch.org/topic/m.9548550 November 20, 2014, 05:19:51 PM
Still waiting for your question Jorge.
tell us again about how they make xrp coins out of thin air when they need liquidity ..
and when they are done with them 'unmake' them back into thin air...
Not possible. The same way you can't create bitcoins at will you can't create XRP like that. 100 billions have been created and this will not change.
November 20, 2014, 05:18:57 PM
Because this thread concentrate the most ignorants bitcoiners. It's ok i'll come back in few months.
November 20, 2014, 05:18:50 PM
Still waiting for your question Jorge.
tell us again about how they make xrp coins out of thin air when they need liquidity ..
and when they are done with them 'unmake' them back into thin air...
November 20, 2014, 05:17:30 PM
Ripple is definitely the future of money. Internet of value is Ripple. Bitcoin is its ancestor.
Can't you work out a deal with your sponsor, so that you get paid the same if each month you put out 1 totally non-informative post with 100 lines, instead of 100 one-line posts?It would have about the same effect as 100 posts that just say "ripple is great", except it would be much less of a nuisance.
In fact, wonder whether you even know what ripple is. I asked a simple factual question a while ago, and it went without answer.
Most Bitcoiners here really have no clue about Ripple. You can read it in how they tend to attack it: 'it's a scamcoin' (first of all, define what a scam is, then tell me if Ripple actually is a scamcoin? You will fail, given how long it has been in existence, given that the founders are bound to lock up agreements and simply because Ripple Labs is a business that has hired a lot of people by now). It is also easily noticable how emotional some of them get when something else than Bitcoin, so not specifically Ripple, is being talked about here. Because Bitcoin MUST succeed, and it WILL get to the moon. That is what they promises to themselves, and it must come true otherwise a lot of people here will be in financial ruin.
They all like to babble about the great 'fundamentals' behind Bitcoin, but I know for sure that at least 80 percent of the people responding here is in it for the money. The naive idealists will stay behind in the long grind downwards, ultimately holding the bag.
There may well be some good arguments to be had over the pros and cons of ripple. Unfortunately the Wall Observer BTC/USD thread is not the place for it as this is for discussion of Bitcoin. Trolling the thread with ripple comments is going to annoy people and result in getting yourself on ignore lists. I had actually unignored Walsoraj until he became a ripple troll. As for mah87, he obviously has nothing of value to add to the thread. I don't know why these guys don't take their thoughts over to the Alternate Cryptocurrency thread which was created for that very purpose
November 20, 2014, 05:15:09 PM
new low @ OKCoin
November 20, 2014, 05:10:39 PM
Still waiting for your question Jorge.
November 20, 2014, 05:10:09 PM
The company will also collect very small fees on all
this one is incorrect. Network fees are burned. Other fees are from gateways (exactly the same way bitstamp is charging you 0.2% for every transaction you make).
November 20, 2014, 05:07:58 PM
Ripple is definitely the future of money. Internet of value is Ripple. Bitcoin is its ancestor.
Can't you work out a deal with your sponsor, so that you get paid the same if each month you put out 1 totally non-informative post with 100 lines, instead of 100 one-line posts?
I read about
Half of all
The company will also collect very small fees on all
Yup, I choose the CEO-less bitcoin protocol. You can have your corporation.
November 20, 2014, 05:06:36 PM
Ripple is definitely the future of money. Internet of value is Ripple. Bitcoin is its ancestor.
Can't you work out a deal with your sponsor, so that you get paid the same if each month you put out 1 totally non-informative post with 100 lines, instead of 100 one-line posts?It would have about the same effect as 100 posts that just say "ripple is great", except it would be much less of a nuisance.
In fact, wonder whether you even know what ripple is. I asked a simple factual question a while ago, and it went without answer.
Most Bitcoiners here really have no clue about Ripple. You can read it in how they tend to attack it: 'it's a scamcoin' (first of all, define what a scam is, then tell me if Ripple actually is a scamcoin? You will fail, given how long it has been in existence, given that the founders are bound to lock up agreements and simply because Ripple Labs is a business that has hired a lot of people by now). It is also easily noticable how emotional some of them get when something else than Bitcoin, so not specifically Ripple, is being talked about here. Because Bitcoin MUST succeed, and it WILL get to the moon. That is what they promises to themselves, and it must come true otherwise a lot of people here will be in financial ruin.
They all like to babble about the great 'fundamentals' behind Bitcoin, but I know for sure that at least 80 percent of the people responding here is in it for the money. The naive idealists will stay behind in the long grind downwards, ultimately holding the bag.
November 20, 2014, 05:05:52 PM
has anybody said buttcoin yet?
So are you trying to say bitcoin to the moon, here?
November 20, 2014, 05:03:49 PM
It would have about the same effect as 100 posts that just say "ripple is great", except it would be much less of a nuisance.
In fact, wonder whether you even know what ripple is. I asked a simple factual question a while ago, and it went without answer.
There is nothing i can't answer about ripple. What was the question ?
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