Topic: XRP: Effecting Change and Leading Digital Asset Adoption (Read 150 times)

Please spend a few minutes below regarding your misunderstanding of XRP.  The "its not a real cryptocurrency" argument is conveniently the very first one! You should also listen to David Schwartz, he's the chief CRYPTOGROPHER and CTO at Ripple.  He's a brilliant mind and a great person. Regarding market cap, its really a terrible way to rank digital assets.  For example if they used total supply vs circulating supply on CMC than XRP would have overtaken ETH a long time ago and would currently be much closer to dethroning BTC.  Its not a great barometer for comparing digital assets. 

https://fudbingo.com

There is a lot of talk about XRP, we can look at these coins differently, but we all understand that this is not a cryptocurrency, I don’t think that these coins have something related to cryptography. I do not understand people who purchase XRP. Now it has become steep due to the fact that he has become the 2nd place and bypassed ETH. But for me, ETH is much better than XRP for investing and even the same EOS is better for me for investing.

No, I understand very well that I don't own shares of Ripple.  I own XRP which is not a security of Ripple.  I feel that XRP offers even greater upside potential than shares in Ripple for a number of reasons and plan on holding my XRP for 5 years or so. 

XRP was never designed as a peer to peer medium of exchange like BTC.  Ironically, after XRP solve for the cross-border payments use case and have massive levels of global liquidity and the price is stable somewhere orders of magnitude higher than we are now it will likely serve as the most functional "cryptocurrency". 

BTC's start was promising but from what I can tell cannot scale and is destroying the planet.  David Chaum, the creator of Elixxir which by the way I'm really excited about and will be investing in, estimates that for a successful peer to peer global payments network to work it needs to handle 750,000 transactions per second.  Last I checked BTC was around 6.  Also, lightning network seems to have massive problems and can't be relied upon.  Until we see a legitimate solution to scalability AND a way for mining to continue in a safe way BTC is a failure.  XRP is fast, cheap and not harmful to the planet.  The team is actively solving for the scalability demands of the future and they have already created a more robust and flexible smart contracts platform Codius than Ethereum.  Good luck to all!

The Ripple foundation is taking the advantages of newbie crypto enthusiasts. They (Ripple foundation) are making them fool. People come to buy crypto, they see xrp is one of the top 10 but lower priced, they heard the hypes from xrp promoters and fall for it. They buy xrp. The reality is that xrp does not even meet the requirements of cryptocurrency.

Very well written article, thanks!  When focusing on fundamentals its never been a better time to be an XRP holder.  XRP has now been chosen by an unaffiliated entity (R3) as the best digital asset for cross-border payments.  More decentralization occurring within the ledger, all while the market is in panic around them.  Regarding the debate here in the comments, as an XRP holder I rest easy at night knowing that my interests (XRP going up in value) are indirectly aligned with Larsen, Zagone, Schwartz and others at Ripple.  It seems obvious to me that when 1% of the supply is released every month for institutional sales the proceeds of those sales serve a virtuous circle: Ripple is able to hire more top engineers to pursue the internet of value and the customers of those sales- the institutions USING XRP FOR CROSS BORDER PAYMENTS will serve to finally decouple XRP from dying POW tokens such as BTC.  Win-Win for everyone.  I really look forward to the day when the price of XRP moves completely independently of BTC as a result of institutional usage of XRP in their payment flows vs the market manipulation through retail investors that is the driving force now.  Guess what- that day is coming rapidly thanks to the amazing work happening in Singapore, Thailand, Brazil and the Middle East.

But I'll ask anyone who's skeptical of Ripple and their motivations- do you really believe they have worked tirelessly for more than 6 years to just dump their XRP holdings to cash out and tank the very asset they hold?  Is that how you see this playing out?  Thats so short-sighted and immature.

Ripple is only one company that uses XRP, and they happen to own a LOT of it.  So yes, they are VERY motivated to make sure the prices increases. 

Good Lord where is the common sense in any of this?   

Xdex promises a lot, but delivered very little so far.

Xdex is a subsidiary of the biggest broker in Brazil, XP.
XP is announcing xdex for years. However, when xdex came live, it's not a real exchange. It doesn't let you buy bitcoin or cryptocurrencies by itself. You buy a fund that they manage, almost a bitcoin fund.

It's having a bad reception from Brazilian bitcoin community

XRP is not effecting a change or lead any digital asset adoption at all! The company ripple is doing that and they made their first money via selling these coins called XRP but right now there is no correlation between the two. Has anyone ever made any money from XRP when ripple makes a deal? Do they give out the profits like dividends to their shareholders (the XRP holders) ? No.

The coin is there for publicity but in reality the company has nothing to do with the coin anymore except selling some of it when they need money. Ripple is a company and XRP is a coin know the difference clearly or you will be sad when you realize Ripple will worth billions of dollars one day and profit insanely while your coin will worth nothing in the end. If you believe you will profit from Ripples profits than you will be losing money.

Blog Location:  https://xrpcommunity.blog/xrp-effecting-change-and-promoting-digital-asset-adoption/



XRP and its stakeholders are effecting change in the cryptomarket and leading the charge for digital asset adoption. 

In this blog, I describe how we are helping others understand the details about XRP and its value proposition; I also cover the latest news affecting XRP over the last few days!

𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬:  A video of CoryTV onstage at Unbound Miami recently hit the airwaves.  Ripple hires Amir Sarhangi away from Google, and Evan Schwartz releases a exceptional new blog titled "Layer 3" that goes far beyond 'Layer 2' off-chain protocols. 

𝐂𝐨𝐢𝐥:  Adrian Hope-Bailie from Coil clarifies that Multi-hop is not specific to Ripple & that it's an inherent function of ILP.

𝐗𝐑𝐏 𝐍𝐞𝐰𝐬:   /u/RareData releases the XRP Toolkit.  (If you love the MyEtherWallet application, you'll probably love the XRP Toolkit) 

Wietse's team (@WietseWind, @baltazar223 and @ThisIsTriss) release a new version of the XRP Tip Bot, with new features. 

XRP Balance is a new site that provides an XRP price prediction algorithm.  XDEX might eventually be one of the largest exchanges in Brazil, and the Swiss Investment Fund announces that they'll handle custody of XRP for banks. 

Finally, guidance was issued on XRPL sharding, and how a new version of the XRP API will allow developers to request specific history shards. 

I hope you enjoy today's blog & feel free to leave any feedback below.

Thanks & Sincerely,

-Hodor


On Twitter:  https://twitter.com/Hodor/status/1059046798487154688