Topic: XRP - Coindesk: The Case for Ripple in the Age of Big Bank Blockchains (Read 641 times)

http://www.coindesk.com/bank-of-america-latest-to-develop-blockchain-trade-finance-trial/

Another positive Ripple story.  Seems to indicate that BAC is joining  Standard Chartered and Development Bank Singapore (DBS) in working on "a Ripple-based solution they aim to commercialize following successful testing."

Interesting "hint" of language.  These latest stories have me feeling like I did back in early January about Ethereum.  And I know some people may feel threatened that this is anti-Ethereum etc.  But I have repeatedly stated, I am 70% in Ethereum, and 17% in XRP/Ripple (Remainder in Bitcoin and Emercoin).   I won't be taking anything out of Ethereum to go into XRP/Ripple.  I'll move all my bitcoin in, and EMC, and throw more USD at it.

And THAT is what is driving things, and there is room for more than just one "Super-Winner".  Because FIAT Currency is slowly starting to turn toward crypto.  Wall street guys are starting to here about hte gains, and they are looking at their portfolios and going "SHIT!  I am in these crappy stocks WHY?"

Yeah.  This is a global financial transition, and we are at the start of the curve.  Ethereum, Ripple will be the two biggest winners.  Bitcoin will join the triad (if those retards get their act together), and there will be others also.

I think you'll see the profit taking and corrections get smaller and of shorter duration, as people just stop fighting the current and just float with the incoming tide of Fiat Currency.  I mean, why trade when your asset just keeps going up?

LOL  - and with that said we'll probably drop a buck in Ether   who cares!  It'll come back.

This was a very good article.  Longest and most comprehensive thing I have read in a while.  That's part of the problem though - people are very uneducated on Ripple, so much to cover.   Also - the traditional cryptoinvester - up until recently -is an original bitcoin flunkie.... one of these pie in the sky dreamers about privacy, no banks, butterflies flying around farting free lunches for everyone.  But I think Crypto has evolved and there is a more educated and professional investor base getting in now.  This is the sort of story that will catch those people's eyes. 

Its pretty clear that there is an attempt being made to drive interest.  Something like this doesn't get accidentally written.  But so far it isn't moving the needle on the price one bit. 

I also think, as I have seen mentioned elsewhere, that XRP/Ripple may be positioned to take advantage of the Ether run up, because some people will take partial profits and put it in Ripple.

But at the end of the day - better exchange access and wallets will do more to move the price on XRP than anything else.   

Oh, and lastly, due to the recent court settlement, we do have a ginormous original stakeholder dumping daily big volume on the market.  Most positive thing is that the price is stable, and not dropping.  Personally 17% of my portfolio is in XRP/Ripple - and I like this price, and I am still slowly adding.   But if I see a quick sharp move - I will be in quick.

Ending reliance on counterfeitable zero-energy-of-issuance non-verifiable tokens and the incredible waste and irresponsibility that comes with it, for one.   


There are many competing atomic cross chain protocols.  And of course there are ordinary trusted third parties which do the job of inter-chain movement quite handily.  All well and good.  The problem with these kinds of quotes is that they are designed not for users of financial systems, and not for technical developers.  They seek the ear of issuers or investors and so are slightly deceptive in their intent.   

Well yes, folks like you and me and said devs can come and go as we please and we should take responsibility for our actions.  And no, I haven't figured it out yet   I don't think "global payment standard" is a thing or necessary.  Having options is always good, and alliances and friendships with bankers is not necessarily a bad thing at all. 

Perhaps some of the infrastructure could have application in price discovery or trade engine tech?     

 

Developers can come and go as they please, but obviously they would like to do something revolutionary with their lives, like create the Internet of Value, that's what ripple is doing... ripple is not making alliances or friends with bankers, they serve big and small FIs. They are disrupting correspondent banking freeing up capital and providing global liquidity, providing remittances and micropayments. Taking the top down approach, but bottom up will come later. How about Interledger protocol, you don't think that a global payment standard is necessary?

If their devs or any others want to make a difference in the world they can volunteer and work for free rippleworks.org (Chris Larsen funded charity)

What is your idea of the internet of value, or have you not figured it out yet?

Banks will not run on public ledgers.  They want their transactions private for obvious reasons.  Yes, Ripple has helped networks of banks connect through distributed ledgers on private networks (obviously no game changer).  But Ripple, with the use of XRP wants to connect these large networks of banks with small banks that would normally not have the ability to easily make cross-boarder transactions. If this isn't useful for humanity then I don't know what is.


Some interesting quotes from Microsoft
"Given this multi-chain vision, we see smart contracts as a key piece. Then you need ILP, which is the glue in the system that holds everything together, so that different chains can interoperate. That means a derivatives chain can interact with the securities chain it’s derived from. In all of these interactions, you’ll have to move money around. So you will need Ripple for that.

We see Ripple and ILP becoming part of the fabric of this multi-chain reality. Then you have Azure, which is the horizontal computing layer. We’ll provide scale management. We’ll make sure there’s regulatory compliance for data residency. We’ve got all that stuff covered." Marley Gray, who leads Microsoft Azure’s Blockchain as a Service (BaaS) initiative

“There’s a lot that bitcoin or Ripple and variants can do to make moving money between countries easier and getting fees down pretty dramatically. But bitcoin won’t be the dominant system.” Bill Gates

BRUTALITY!

Have you read the article yet?  Probably not, which is why you are the only one "manufacturing fairy stories".

Ripple (not really but in name) financiers have done well in collecting talented developers, keeping them well fed and locked up and preventing them from doing anything useful for humanity.  "Here's a big screen.  Make some silly icons or something.  We need a new deck for our next round."  Y'all got fiatted.  You want to be remembered for cutting costs on interbank accounting of counterfeitables?  Or are you going to get out there and do something interesting?      

Manufactured fairy stories

Lots of good news on Ripple lately!

I just don't like the way the ripple company handles business. It has proven to have acted in a dishonest way in the past. 

You know nothing about ripple, you have no argument and you have nothing substantial to say about bitcoin or ETH, so you are you wasting your time here. Actual FIs are adopting the protocol, the Fed is considering it for faster payments, and W3C is working with them to create ILP and eventual ILP integrated ripple protocol, so somebody out there gives a shit about it. Come back here the end of the year or next year and we'll see how centralized, I mean decentralized ripple has become. Meanwhile BTC block halves and they can't increase the block-size because the centralized Chinese mining cartels won't allow it.

Thats beside the point.   No one gives a shit about ripple, not on this board, not anywhere in the world.

I assume the community would NOT regard you as their spokesman.

Not interested at all.  No one is.

Yep... while bitcoin becomes more centralized with their three Chinese miners Ripple is becoming decentralized by adding validators (including MS so far).  And... if you are an Eth guy.  Ask Buterin what is better. Three Chinese miners or ten banks running validators.



ALSO.... READ THE ARTICLE BEFORE POSTING.  (you both responded within 2min of me posting the article - troll proof )

What a surprise... once again you are pumping Eth and bashing Ripple when you know absolutely nothing about either technology.  I think you are nothing more than a bandwagon trader. (do you like the ne patriots?) 

Nipple is shit.  Dump it and buy ETH

Nobody on bitcointalk likes Ripple or its centralized control. Try posting on bankerstalk.org instead