Topic: Why has Ripple decreased so much in Market cap? Used to be second to Bitcoin - page 6. (Read 5371 times)

because, naturally, people don't admire pre-mined coins, and they shouldn't. crap coins should go away.

The best thing that happened to Ripple, was speculators and single-currency thinkers, not rushing to Ripple to "pump" the internal currency, XRP.  It's not a speculative currency.  I know that's hard for many of you to understand.  After all, that's all blockchain coins are good for...speculation.  Not knocking it, just saying, I get the limited thinking.

Ripple is the value web.  It doesn't take an ideological position as to which currencies the world will use and try to jam those down everyones throats.  Just as the web doesn't attempt to dictate what type of information is available.  Instead, it offers the ability to remove centralized exchanges and central clearing houses, allowing the use of IOU's, you already possess (In those exchanges, bank accounts, Paypal, etc.) and gives you freedom to exchange them for other things of value.  As apposed to having your IOU's trapped in those central entities.  Think Gox.  Total loss for people with IOU's there.  With Ripple, those same IOU's Gox is sitting on, could have been exchanged for other things of value, even after they halted withdrawals.  Even right now.  They're your IOU's after all.  Shouldn't you have control over them?  

Truth is, most of you should avoid Ripple at this point because the raw protocol is really beyond the comprehension of most novice crypto users.  Developers will love it.  No question about it, but where single currencies are very simple and easy to digest, Ripple is a true monetary system and monetary systems are very complex by nature.  Trying to fit Ripple into a "coin" box, will always leave you frustrated, confused and of course, blaming the protocol because it's something you don't understand.  Typical way of saving face, I suppose.

Nevertheless, hang in there.  Whether you get Ripple or not, it's going to change the way the world transacts and that is a good thing for Bitcoin and all things of value.  So don't make Ripple the scapegoat or competition to your little currencies.  Nope, your currencies are individually responsible for their own success or failure.  Ripple is just here to see that there's a way they can reach everybody, where the live, and with what they use locally as currency, without all the middlemen.  

Welcome to the world of distributed exchange.  The future is so bright.  

Because the XRP was not mined, just "made", so therefore it would have a larger market cap.

Maybe people are realizing Open Transactions which fundamentally more open and transparent than Ripple is a better way forward.

I wonder how even Ripple could of been second after bitcoin and litecoin 3rd? Litecoin is much better then ripple in all ways. So how could it even happen.. But past is past, Litecoin is in his place now.

OK... Mr. Sultan. I am quite satisfied with my education level. And I have been studying all the shitcoins for more than 2 years now. I know what purpose Ripple serves.  Anyway... someone has already posted a reply for you...


Satisfied? 

Ripple is rubbish?  I have no reason to suspect otherwise.

I've asked several times on this forum for folks to explain
its value or why I should care about it, or why I'd want
to use it, and I've never heard any convincing arguments
or merits.

Ripple is in no way decentralized, has nothing to do with the cryptography we use with these coins.
It can be compared to one of those shitcoins in the altcoins section.

ripple = electronic fiat = centralized = rubbish

If you want proof of stake (premined) use NXT

Ripple is like E-gold without gold how useless!!!!!!!!!!

It seems like the marketcap site is not counting the whole 99 billion XRP just the remaining 20 some odd the company has left.  Ripple is shit but I wouodnt really call it an altcoin.  Volume of trading is so low though the market cap means little

I have $10 US on the Ripple network. I just had to try it when I heard about it. It was a bit of a pain to get it up and running. And then for two days it looked like it wasn't working at all (no transactions indicated) and finally my money showed up.

You can try to steal that if you want though it won't be there much longer as I'll probably be converting it to bitcoin in the next few days and sending it to Coinbase.

Exactly this. Ripple isn't a cryptocurrency, it's centralized...and controlled by people..Which makes it worth nothing since those people can become corrupt.

Comparing Ripple and altcoins is an insult to altcoins. At least altcoins transfer some kind of value, while Ripple can only transfer debt.

Give me some money and I do it.

Well, feel free to "corrupt" a ledger in Ripple, if it is sooo easy!

Well, Ripple has nothing to do on the cryptocurrency market cap because it is not a cryptocurrency at all !

Ripple is an IOU centralised system that work exactly like a private bank except that the total of units is fixed.

The Ripple network based on ledgers can be so easily corrupted that no one should put any money in it.

they changed their default marketcap calculation to "market cap by available supply" recently.

Do you even know anything about ripple?

Ripple is not just another altcoin. It actually serves a purpose. It is also the further thing  from a pump and dump.

Educate yourself before posting something like this.

Ripple does seem to be loosing the battle but it most definitely isn't "just a pump-and-dump altcoin." It's part of the Ripple network that is trying to become "Bitcoin 2.0" where you can have any currency and pay in any currency and trade in any currency in a somewhat decentralized manor.

I'm not real educated on this, but as I understand it's not completely decentralized and so the community hasn't really adopted it. But the ideas behind it are really cool whether it's THE solution or not.