Topic: XRP ( RIPPLE ) Discussion - All about XRP - page 3. (Read 6707 times)

Agree fully.

I just use conmarketcap.com as an indicator.

I find coingecko.com useful too. Ripple is only listed #4 there (their algorithm doesn't seem to realise that the discussion takes place on xrptalk.org whereas the formal talk goes on at forum.ripple.com; hence the ridiculous "Community" rating they give Ripple)

I addressed founder allocation concerns earlier in this thread. it may be useful info if you are not aware of more recent developments.

In general, I think market cap is a pretty useless metric. It all comes down to how specific sites decide to calculate market capitalization, and valid arguments exist regarding the flaws and trade-offs of all the varied methods.

It seems you are suggesting that the coinmarketcap.com homepage calculates XRP market cap according to the full ~100Bn XRP supply. If you check the Available Supply column, you will see coinmarketcap.com is using solely the number of XRP not held by Ripple Labs.

If you would like to see the marketp cap calculation result based on all XRP (total supply), you can view that by switching to the Total Supply display, by using the Currencies tab dropdown. I believe coinmarketcap.com is already showing the 1/3rd value of the total supply that you believe is most accurate.

Coinmarketcap.com previously used the full ~100Bn XRP (total supply) for its calculation, which has led to frequent confusion.

I agree that coinmarketcap.com is weak. I am most interested in the Total Network Value metric on ripplecharts.com, for long term network growth perspective. It reflects not only the value of XRP, but also the total value of assets traded on the network. I am not focused on short term speculation, however, so it may be a less useful metric for others.

I disagree that the breadth of XRP utility limits its potential exchange value. XRP can be used to make payments directly, the same as with any cryptocurrency. Everything else is in addition. If Bitcoin added multi-currency support---requiring the usage of BTC for that functionality---I would consider that a plus in support of BTC's future potential exchange value. In no way does XRP providing that utility guarantee the price will rise, but it does introduce additional future potential justification for a rise in exchange value.

Even if your claim were true, Ripple would still be the 2nd largest crypto-currency and the fastest growing.

Indeed - the real market cap is much less than what coinmarketcap shows which is just the total 100Bn XRP - the 69% that Ripple Labs holds. If Larsen, Britto and McCaleb were to sell their XRP into the market, then the price would plummet. The true market cap is more like $160m or 1/3 of that currently showing on coinmarketcap.

Auroracoin & Paycoin are testament to the disingenuity of such an approach.  Real ripple market cap, as said is more than half that of btc, or mastercard at IPO.

Coinmarketcap does not show ripples true market cap (like XRP disbursed in business relations, to partners, Sweetheart deals etc. It just shows the amount not privately held by the for-profit corporation, that you have the potential to buy ..like from those who haven't already nearly given their free stakes (& sockpuppet stakes) away long ago because they can't figure out the clunky trust IOU models work.

XRP is not useful as more than anti-spam bridge currency, it's not equity in ripple labs.. certainly even huge institutions have no need for more than a modest amount, let alone home traders. Perhaps one of it's saving graces is that it can't be frozen or seized like your fiat funds in Ripple could. Which is the real value in ripple network, a quasi-decentralized value transmit network. It has the ability to innovate legacy systems,  it gets hype in fintech circles that bitcoin will never get because it panders to different purpose, and is fit for different mindset ..

Your only hope is that almost no-one else realises this and also continues to rely on coinmarketcap, finally migrating en masse from what they deem is a btc sinking ship should ripple ever surpass 50% dollar denominated market cap relative to btc on there (by which time it's already long since surpassed it completely)

I keep a close eye on http://coinmarketcap.com/ every day

The market cap of ripple relative to BTC is currently more than 1/2, certainly not 1/5th or 1/6th https://www.ripplecharts.com/

I keep an eye on the XRP market cap.

It's increasing nice and linearly each day.

Most promising, for me, is the market cap of XRP relative to BTC. Currently it's about 1/5th or 1/6th the size of Bitcoin.

Interestingly, XRP is showing good price resilience compared to the price of Bitcoin (which has been going down a lot these last few weeks).

I have given up on Bitcoin (almost entirely). I only use Bitcoin now to buy XRP. I'm holding a good bit of XRP. Still cautious though. Watching developments very closely. One big deal could see a price explosion.

While I'm not familiar with the corporate structure, I have no reason to believe that as CEO, Chris Larsen is not firmly in control of Ripple Labs and that any and all decisions about how to distribute the 69% XRP mentioned go through him.

When you add that to the XRP controlled by Larsen, Britto and Caleb personally you get around 90%. While they have committed to restricting the quantities that they can sell and in theory Larsen has committed to giving his away to charity, I remain quite skeptical that these agreements are locked in stone. I stand behind my statement - 3 people control 90% of XRP and you have to trust them. The same cannot be said for BTC where satoshi possibly controls as much as 7% today (1m out of 13.7m) 4.7% long term (1m out of 21m).

One other thing to keep in mind:

Ripple is focused on banking infrastructure, not end user products. One danger in this approach is that banks like to create consortiums for the products that they rely upon in common. It's entirely conceivable that a number of bulge bracket or central banks could adopt the Ripple protocol, for their own version, run their consensus nodes over a private intranet/VPN, and obviously, use their own token.

TLDR; banks could adopt the technology and yet make XRPs relatively worthless.

In your post you state that 90% of XRP are controlled by 3 guys; this is inaccurate. A majority of XRP (69%) is held by Ripple Labs.

XRP distributed to Chris Larsen, Arthur Britto, and Jed have all taken different paths. Chris Larsen has apparently used a majority of his XRP to finance the Ripple Foundation for Financial Innovation. XRP of Arthur Britto are controlled by a lock-up agreement, and Jed is restricted in the quantities of XRP he can sell over the next 6 - 7 years.

Concerns regarding the potential impact of the founder distributions were proven valid, however, when Jed apparently flipped out and threatened a fire sale. He had allegedly attempted to force Ripple Labs into a buyout agreement of his share, and then proceeded to announce to the community the beginning of the sale of his XRP---in tandem with promoting his new project. He then walled himself off from communication, ignoring repeat community questions and concerns and putting the people that trusted and supported him at enormous financial risk. XRP value cratered, and remained depressed for a long long long time. It has since recovered, following the more recent founder developments noted above---as well as the steady stream of good news for the Ripple network. I agree with your concerns, but believe the Ripple network has now moved beyond them.

A key takeaway for me has been that we cannot assume any actor will not act against what the community perceives as being in that actor's best interest. It applies to all cryptocurrencies.

I had previously heard a lot of arguments along the lines of Satoshi would never dump his BTC; it would kill the BTC exchange value therefore conflict with his or her best interest. Motivations beyond profit may exist, ranging from an unsound mind, having an axe to grind, promoting a competing project, immaturity, or even just pure destructive glee. If Satoshi Yakamoto had a stroke, would you still trust in that individual's reasoning relating to the best uses of their share? Ability to securely manage their private keys? Not become vulnerable to manipulation?

Legal agreements do not eliminate the risks, but they can be interpreted to mitigate risk for investors. I take comfort in knowing Ripple Labs, its board, and investors provide checks and balances over the distribution of XRP---as well as the more recent founder allocation developments.

I hold XRP as a long term investment, and do not recommend anyone in invest in any cryptocurrency without performing thorough research.

If you ride the wake of the pump and dump crowd, then you have a high likelihood of being disappointed by the Ripple Labs stewardship of XRP. Ripple Labs is not interested in driving short term speculation, and take a long long long view (relative to cryptocurrency community expectations) of building the value of XRP.

Yes, I think you are true, its dont allow to feel safe if distributors of XRP holds such big part of issued XRPs :/ Anyway, its all more or lest just a game, so anyway I will invest what I can afford to loose and lets see what will happen with my 5-10k$ investment after a year Hope for the best.

BTC are distributed by math. XRP are distributed by 3 guys at their whim. XRP could still be a good long term investment, but I wouldn't bet on it.

https://bitcointalksearch.org/topic/m.9661686

Thank you for your opinion. Lets see how market will goes in future, anyway I hope that XRP will increase in value stable in long term.

Alot of people dream about a value of 1$. If xrp makes a bubble like bitcoin did we could expect an even higher value. But Ripple is different than bitcoin. I think can not compare ripple with bitcoin. In Ripple People dont have to invest so much money in mining equipment and energy to get xrp. Xrp is just here and ripplelabs gives them away for FREE. they hold back a big amount of xrp to sell.... there are much different factors. I also hope it goes to 1$ but I think its very unlikely. Maybe 0.1$ is more realistic

its very worth
i allready spend my 30BTC
just GO and HLOD
sure you will smile when price explode

Yes I think the same, the marketcap is already huge so I think its worth to hold some 5-10BTC in XRP as long time investment. What do you think, is it worth to do it? While the price is 0.015$ ?

ripple still have large amount not distributed

i am waiting their next stage 

Ripple has its own distributed exchange inside its wallet. You can exchange XRP to BTC instantly on the exchange inside the ripple wallet. Click trade, then advanced to see it inside the wallet.