Topic: XRP ( RIPPLE ) Discussion - All about XRP - page 2. (Read 6707 times)

I've got accounts on both, hold a bit of XRP even. What I don't do is bother crapping on Ripple and expounding on the merits of decentralized Bitcoin all over those forums. I'm sure people would find it annoying and I would be wasting my breath.

[currently] has.

Bitcoin's userbase and interest is in terminal decline. Ripple is growing healthily - easily #2 cryptocurrency.

And yes, I have a forum.ripple.com account (which is quite corporatey) and an xrptalk.org account (which is far more fun). You should try it some time. You might even enjoy yourself.

So ask yourself this, how come you're on anarchist-hippie-commune-Utuopia-talk.org rather than forum.ripple.com? I agree that Ripple Labs isn't interested in gaining traction with Bitcoiners, so why are you bothering to argue it out here? Oh, because Bitcoin has 50X the volume, users and interest.

Ridiculous comparison.

Ripple are compliant and are focused 100% on fitting into existing legal systems and regulatory environments. Bitcoin operators must be looking at FinCEN and get very scared at the consequences of new laws and regulatory muscle flexing. This is only the beginning.

Anyway, Ripple Labs isn't interested in explaining to people like you (Bitcoin zealots) how Ripple's technology works, what Ripple Labs are doing and what's coming down the tracks. In fact, they aren't interested in polluting their ecosystem with Bitcoin zealots because they've seen what has happened to the Bitcoin community and don't want to repeat the same mistakes. Go have your own anonymous, decentralized, untraceable fantasy world built on 2008 technology; but nobody is going to participate in this anarchist hippie commune Utopia because guess what? Nobody wants to!

An uptrend?

Uh oh......bitcointalk is advising to sell XRP. You know what happens next.

After FINCEN fined Ripple Labs and is telling them what to do with Ripple...  Ripple as a protocol is gone.  It is Paypal 2.0.  Sell.

He's referring to the big fine FINCEN gave them recently.

You made an assertion with zero evidence. Ripple are doing very well thank you very much. You might even join the party one of these days.

Hey Tokeweed, your sarcastic tone has no future here. Youve been reported. Step off.

I think right now RIPple is in trouble, maybe they manage to surpass it.

Get your family to use their life savings on XRP then.  You'll all be rich.

XRP price is now about 30,000 per BTC.
With Fidor Bank and other transaction processes also being reviewed for suitability on the network, I expect the price to go up 10-fold this year.
Also note they were picked up for missing AML processes by FINCEN last week..
Any thoughts

I would probably say that adoption would be a bigger concern than market cap. If massive companies like Google, Apple, Facebook, PayPal etc start getting hundreds of millions of users using Ripple powered IOU tokens while BTC ends up being a niche product with far fewer users, integrated with fewer modern financial services companies (PayPal, Apple, etc), then I'll be concerned.

In terms of pure market cap, I would take a greater note of XRP as a store of value when 50% of it is in end user hands - about 5X from the 10% distribution where we are today.

Point taken about market cap.

At what point will Bitcoin start getting worried about Ripple's market cap?

I understand that Coinmarketcap used to use the full ~ 100Bn XRP supply for the calculation, which was ridiculous since most of it wasn't available for trading. I am saying that the current 31Bn used by Coinmarketcap is also off by a full 66% since ~ 20Bn XRP are locked up with 3 owners and not available for general trading. Sure, one could argue that the 7% held by Satoshi isn't available for general trading as well, but I'll take the 7% held by Satoshi vs the 66% of the 31Bn held by 3 people any day when comparing real market caps.

That's why I say that the ~$480m market cap should really be closer to the $160m that actually trades hands and isn't locked up (even temporarily).

Ripple really has moved away from creating features desired by and supporting the individual. https://ripple.com/integrate/executive-summary-for-financial-institutions/#Who can use Ripple

"Who can use Ripple?
Ripple is designed to be used directly by interbank payment network members and operators and by liquidity providers; but not directly by end-users (e.g. consumers). This is similar to how payment infrastructure is used today."

This doesn't seem to me like the kind of product that will really change the world, besides reducing bank costs and speeding up interbank payments. Banks have no interest in freeing consumers to be able to perform digital transactions between parties where the bank doesn't know all parties involved - something that Bitcoin excels at. I'm not saying that Ripple is useless or that it's not an evolutionary step forward from where ACH/SWIFT is today, but that it certainly doesn't compete against Bitcoin when it comes to either a store of value (investment) or end user payment service.

(I've held XRPs from time to time, not a hater, but not a Kool-Aid^TM convert either.

I am not familiar enough with hyperledger to have an informed opinion. All that I can say is that it will be awesome as more competition moves into implementation and adoption phases.

Ample opportunity for innovation exists right now. I think Ripple has a lead on adoption and implementation maturity, but the future is open---and I expect increased competition. As people begin to thoroughly understand all that Ripple offers---and why it is attractive for solving financial problems that exist today---I hope to see more people building upon its fundamental concepts.

I am hopeful for technologies like Ripple to level the playing field between individuals and FIs. I recently read about the 1970s Irish Banking Crisis, and am left wondering how systems like Ripple and Codius could fill in the gaps. I would like to see Ripple succeed, personally, but any systems that get us there are a good thing.


Good stuff. I have a lot of excitement for the potential of 2 way pegging and smart contracts.


I suspect poorly coded bots or intelligently coded bots designed to mess with poorly coded bots and day traders. I lean toward independent actors being the source, but that is purely speculation.

At the moment, I believe Ripple Labs is targeting solving the spam and unfunded orders concerns or on the client side. I believe it is a problem that needs to be solved.

In the past, Andolfatto has been bearish on bitcoin as a currency, arguing that distributed "payment systems like Ripple come closest to unlocking the full power of bitcoin’s original ledger."
http://www.coindesk.com/federal-reserve-bank-vp-protocol-just-like-bitcoin/

I'm not invested in ripple atm but do agree, I think it only takes a glance at ripple to see they have the formula for success, all the right people on board and all the right palms ready to grease. even if what we have today is a bastardization of fuggers original vision, it's understandable why RL took the approach they have. They're operating at levels litecoin-fork shitcoin creators couldn't dream of and got VC cash to burn through, partnerships on tables, keynotes to deliver. They will be operating like a well oiled machine, marching forward strategically while people here are still stuck on digging out dogcoins with dusty gpu's hoping to get rich

I see ripple/btc a bit like money & antimoney http://phys.org/news/2014-04-econophysics-antimoney-financial-crisis.html Both can be complimentary and Ripple has some obvious direct benefits and some non-obvious benefits to traditional finance system for an average guy that end up trickling down, giving rl themselves a good value proposition. The kind of infrastructure they have built, the kinds of people they can appease with their polish is more favorable as a natural evolution or re-vision of legacy finance system than bitcoin is, although btc-> bank bridge like epiphyte for bitcoin helps a little.  

 I see no reason that the market, especially big players won't drive price this 'anti-spam' token up further than they have already, it's the closest they have to shares in the ripple protocol actually using xrp directly as a 'currency' is a further stretch, Even bitcoin suffers the same pitfalls, switching between a hoarded commodity and currency. Suppose at the end of the day anything can happen- all it takes is a combined belief of many.

What's your opinion on projects like hyperledger that could do the same thing as ripplewithout the need for a stake of bridge currency controlled majorly by relatively few though?

As to the alternate currency on bitcoin approach, it's gaining a little traction https://xrptalk.org/topic/4480-gateway-concept-is-spreading/ it's haphazard and immature now but developments on sidechains could allow for further experimentation

also since you seem knowledgable about ripple, I see a lot of  fluffer/spam activity on the books (particularly during price increases)

e.g:





e.g:
do you think this RL's contracted market makers on crack or independent actors, could you see a reason for this behavior?

Also this, are you aware of this being addressed?
https://forum.ripple.com/viewtopic.php?f=1&t=8668