[XRP] Ripple Speculation - page 374.

Mrpumperitis

legendary

Activity: 2758

Merit: 1075

BAFT Global Payments Symposium
New York
July 19-20, 2017

The BAFT Global Payments Symposium is the payments conference by bankers for bankers and other payments professionals. The industry has spent the last few years discussing ideas and trends such as distributed ledger, AI, and real time payments. The industry is now at a point where these innovations are all becoming a reality. At this years conference, these discussions will be brought to a more practical level focusing on making these innovations real and commercialized.

btw , i heard about a major XRP development, all i can say is...damn im excited Grin

im grabbing more XRP,

glad to see alot of trolls here for past 2days = weak hands are out and scared Wink

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: Pzest1 on July 10, 2017, 02:17:12 AM

another good article written on the XRPhttp://www.coindesk.com/ripples-xrp-giving-third-largest-cryptocurrency-second-look/ Let me guess another analyst that has taken the time to analyse but knows less than you guys that cant answer simple questions that people ask. More and more people are catching onto the truth behind XRP (not Ripple)

Idiot that praises article of another idiot!

MemberBerries

sr. member

Activity: 1099

Merit: 267

So many worried internet citizens loool... are you guys the FAKENEWS squad of btc/eth?
Quick call the police. We have a problem with Internet.

Other point, you guys know people give a fuck about your advanced autism?!

Other point, cant wait till surveillance states are bringing tools to find out who is behind every one of those suckpoppet accounts (oh, they already leaked such tools online) time to do some research Wink

And @Ripple it would be really nice to get paid to fight against those braindead "bUt rIPpLe is A sCaM" zombies

cretanicious

member

Activity: 80

Merit: 10

Quote from: Pzest1 on July 10, 2017, 02:17:12 AM

another good article written on the XRPhttp://www.coindesk.com/ripples-xrp-giving-third-largest-cryptocurrency-second-look/ Let me guess another analyst that has taken the time to analyse but knows less than you guys that cant answer simple questions that people ask. More and more people are catching onto the truth behind XRP (not Ripple)

'It wasn't until much later, when I read Peter Todd's now infamous analysis on Ripple's predecessor, Ripplepay, that I began to understand not only what Ripple is, but also what I had only sensed intuitively about the XRP token.'

'A few years after bitcoin was launched, OpenCoin, later Ripple Labs, took over Ripplepay. They completely reworked the protocol. The concept still revolved around managing IOUs, but inspired by bitcoin, they also included a new token called XRP.'

'As Peter Todd pointed out in his study, the new requirement of a global consensus protocol – which arose solely from the decision to add the XRP token – also has serious implications on scalability and security. If the token results in a more complicated, more centralized, less secure and less scalable protocol, you have to ask, why the token was added in the first place? What was wrong with the original concept, which is often compared to an electronic Hawala system, which needed no monolithic global consensus or ledger, and thus could have scaled almost arbitrarily?'

'The original argument, that the token is needed to counter network spam is not a good one; spam can be prevented by other means, including charging transaction fees that can be paid in any currency on the network, instead of just in XRP. The other argument I hear nowadays, is that XRP would be used as a sort of reserve currency by banks or liquidity providers on the network.

This seems pretty far-fetched to me; why would liquidity providers not use any other common (reserve) currency like US dollars for that, especially considering the highly volatile price of XRP ?'

There have been a few proof-of-concept implementations and recently Thailand's Siam Commercial Bank announced they starting using Ripple software for Thailand-to-Japan remittance.

This is a big deal, but it needs context; first of all, SCB bank is an investor in Ripple company, making it fairly logical they would experiment and promote the blockchain technology they invested in. More importantly however, I see no mention of XRP in any of the press releases.

The only obvious thing that appears missing from Hyperledger compared to Ripple, is the one thing for which I see absolutely no reason for them to want: the XRP token.

So you guys keep saying do some research, people have, far more educated than you hypers. Oh and as i keep saying its just moving with Bitcoin. im sure there were comments about that (sorry i dont read replies) but looky looky its done the same as bitcoin again lol

'P4man' is an active bitcoin miner and investor with an academic background in economy and IT. He has been a member of the online discussion forum Bitcoin Talk since September, 2011.
So an investor and some peter todd can know more than the people behind ripple, in case you dont know the pr relations of ripple are contucted by a former german minister that was tought to replace angela merkel. I assume you people dont know anything about european politics and the who is who.
The ripple protocol uses the XRP token in order to work, youguys cant understand a lot about international transactions. Ripple is meant to be used as a real currency in some years. Keep that in mind.

eagle10

sr. member

Activity: 840

Merit: 252

Don't worry guys, if ripple is a pump and dump and if it only goes with bitcoin, then wait when bitcoin pump and fly to the moon, Im sure it will also pump and fly to the sun Grin

Pzest1

member

Activity: 89

Merit: 10

another good article written on the XRPhttp://www.coindesk.com/ripples-xrp-giving-third-largest-cryptocurrency-second-look/ Let me guess another analyst that has taken the time to analyse but knows less than you guys that cant answer simple questions that people ask. More and more people are catching onto the truth behind XRP (not Ripple)

'It wasn't until much later, when I read Peter Todd's now infamous analysis on Ripple's predecessor, Ripplepay, that I began to understand not only what Ripple is, but also what I had only sensed intuitively about the XRP token.'

'A few years after bitcoin was launched, OpenCoin, later Ripple Labs, took over Ripplepay. They completely reworked the protocol. The concept still revolved around managing IOUs, but inspired by bitcoin, they also included a new token called XRP.'

'As Peter Todd pointed out in his study, the new requirement of a global consensus protocol – which arose solely from the decision to add the XRP token – also has serious implications on scalability and security. If the token results in a more complicated, more centralized, less secure and less scalable protocol, you have to ask, why the token was added in the first place? What was wrong with the original concept, which is often compared to an electronic Hawala system, which needed no monolithic global consensus or ledger, and thus could have scaled almost arbitrarily?'

'The original argument, that the token is needed to counter network spam is not a good one; spam can be prevented by other means, including charging transaction fees that can be paid in any currency on the network, instead of just in XRP. The other argument I hear nowadays, is that XRP would be used as a sort of reserve currency by banks or liquidity providers on the network.

This seems pretty far-fetched to me; why would liquidity providers not use any other common (reserve) currency like US dollars for that, especially considering the highly volatile price of XRP ?'

There have been a few proof-of-concept implementations and recently Thailand's Siam Commercial Bank announced they starting using Ripple software for Thailand-to-Japan remittance.

This is a big deal, but it needs context; first of all, SCB bank is an investor in Ripple company, making it fairly logical they would experiment and promote the blockchain technology they invested in. More importantly however, I see no mention of XRP in any of the press releases.

The only obvious thing that appears missing from Hyperledger compared to Ripple, is the one thing for which I see absolutely no reason for them to want: the XRP token.

So you guys keep saying do some research, people have, far more educated than you hypers. Oh and as i keep saying its just moving with Bitcoin. im sure there were comments about that (sorry i dont read replies) but looky looky its done the same as bitcoin again lol

xapwxrm5742

sr. member

Activity: 258

Merit: 250

I think the biggest cash hadn't dithdraw.
maybe it's a good time to buy some !

styca

sr. member

Activity: 1078

Merit: 354

Quote from: Vilrex on July 09, 2017, 08:10:29 PM

ripple is just a pump n dump coin, i mean what is the purpose of xrp coin?? i get that they have tech and stuff but why the coin?? i mean are you really going to send money across borders with xrp?? if i want to send 100 million from usa to china but ripple goes down a bit so the i lose 1 million due volatility... makes no sense .-.

Why the coin? XRP the coin is simply the optimal way to use the ledger. If you use anything other than XRP, you introduce inefficiency. XRP doesn't need trustlines; it's the fastest and cheapest solution.

I understand the volatility point, but I don't think it's a huge issue. Look at the speed of XRP. Transactions take seconds. Say the whole crypto market suddenly plummets - how much will XRP fall over the duration of a single XRP transaction, and compare this with how much Bitcoin will fall over the vastly longer duration of a Bitcoin transaction.
Alternatively, if you're talking about holding huge reserves of XRP and the price changing over a longer timeframe - the answer is that whilst banks will use XRP, they won't hold it themselves... https://www.reddit.com/r/Ripple/comments/6d4can/xrp_will_be_used_by_market_makers_not_banks/

RayX12

hero member

Activity: 952

Merit: 552

Quote from: vsyc on July 09, 2017, 06:36:34 PM

As always Joel Katz backs Ripple, spends his precious time to reply on articles that are written by complete idiots, here is his answer: https://www.xrpchat.com/topic/7151-coindesk-versus-ripple/?page=2#comment-68228

Stupid people writing stupid articles..

Vilrex

full member

Activity: 195

Merit: 100

ripple is just a pump n dump coin, i mean what is the purpose of xrp coin?? i get that they have tech and stuff but why the coin?? i mean are you really going to send money across borders with xrp?? if i want to send 100 million from usa to china but ripple goes down a bit so the i lose 1 million due volatility... makes no sense .-.

vsyc

sr. member

Activity: 1037

Merit: 253

As always Joel Katz backs Ripple, spends his precious time to reply on articles that are written by complete idiots, here is his answer: https://www.xrpchat.com/topic/7151-coindesk-versus-ripple/?page=2#comment-68228

SenSeiSoKo

full member

Activity: 224

Merit: 100

XRP is a top coin, i believe it will grow big in few years.

RayX12

hero member

Activity: 952

Merit: 552

Fuck, I think Ripple should be paying us for defending from the nob Zoombie attack.

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: RayX12 on July 09, 2017, 04:47:29 PM

Quote from: Baser on July 09, 2017, 03:54:19 PM

........ The over hang of 55B xrp from insiders might mean we won't see huge gains anymore though.

And.... more bullshit.
You have no idea of how Ripple will distribute or USE THESE COINS. The future is not here yet.

Dude, lets concentrate on a good things, events page was updated: https://ripple.com/events/

Ripple is not finished this year!

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: _Ini_ on July 09, 2017, 03:33:37 PM

I say that ripple has maybe not do well intentions like linus torvalds. Linus Torvalds has undoubtedly created a few very nice things. I hope you don't want to say that he has bad intentions Wink

. Anyway last post here Wink

Go and educate yourself, than come back and see all that nonsense you wrote.

RayX12

hero member

Activity: 952

Merit: 552

Quote from: Baser on July 09, 2017, 03:54:19 PM

........ The over hang of 55B xrp from insiders might mean we won't see huge gains anymore though.

And.... more bullshit.
You have no idea of how Ripple will distribute or USE THESE COINS. The future is not here yet.

Baser

sr. member

Activity: 658

Merit: 280

Quote from: _Ini_ on July 09, 2017, 03:14:18 PM

Quote from: navyblue on July 09, 2017, 03:08:02 PM

Quote from: _Ini_ on July 09, 2017, 02:49:08 PM

Quote from: g___ on July 09, 2017, 02:25:22 PM

what are you talking about - "print money themselves"? judging by your post count (and everything else you've said), i'm going to assume you lack an understanding of ripple as a company and what's actually happening in general. please do more research before stating bogus claims.

No I do not understand. But I can code and I have a programmers view on things. And ripple has centralized servers that for sure not run the open source software. Exchanges as of my understanding have just a wallet like everybody else and do issue IOUs. So why should a exchange be able to stop Ripple from printing themselves money?

If that open source software would work everybody could just take it, improve it and go to banks and say I'm the better ripple. A company that money with his stuff will not open source it's code. Linux Torvalds never took money for Linux as far as I know. I don't know why you cant see the problem here.

I am not an IT but i am asking myself - If you are correct why many Japanese banks are willing to use RIPPLE (also trying to expand in China and South Korea) - are they so stupid to loose money which they are invested.
Furthermore, XRP is not bitcoin and cannot be mined.
Please stop posting things and phrases which you cannot back up.

The truth about cryptocurrency is <1% has any clue of whats going on there. It's the perfect place for marketing-scams (fact) for system that do not work. I'll stop posting anyway (not because you said Cheesy

), but I continue reading. I'll also take a look at the validating servers in the future.

Such a frustrating coin to buy, I do believe it will have another big run at some point. The over hang of 55B xrp from insiders might mean we won't see huge gains anymore though.

RayX12

hero member

Activity: 952

Merit: 552

Unreal... all these nobs come out of the woodwork to say stupid things about Ripple.

I wonder if this means BOOM time is about to come our way???

_Ini_

newbie

Activity: 51

Merit: 0

Quote from: vsyc on July 09, 2017, 03:14:56 PM

Quote from: _Ini_ on July 09, 2017, 02:49:08 PM

Quote from: g___ on July 09, 2017, 02:25:22 PM

what are you talking about - "print money themselves"? judging by your post count (and everything else you've said), i'm going to assume you lack an understanding of ripple as a company and what's actually happening in general. please do more research before stating bogus claims.

No I do not understand. But I can code and I have a programmers view on things. And ripple has centralized servers that for sure not run the open source software. Exchanges as of my understanding have just a wallet like everybody else and do issue IOUs. So why should a exchange be able to stop Ripple from printing themselves money?

If that open source software would work everybody could just take it, improve it and go to banks and say I'm the better ripple. A company that money with his stuff will not open source it's code. Linux Torvalds never took money for Linux as far as I know. I don't know why you cant see the problem here.

First of all, Linus Torvalds. He did not look money for Linux, but got money from Support e.g. Trainings, certification, consultancy etc. anyway, if you look, you will find how they own money.

I say that ripple has maybe not do well intentions like linus torvalds. Linus Torvalds has undoubtedly created a few very nice things. I hope you don't want to say that he has bad intentions Wink

. Anyway last post here Wink

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: _Ini_ on July 09, 2017, 02:49:08 PM

Quote from: g___ on July 09, 2017, 02:25:22 PM

what are you talking about - "print money themselves"? judging by your post count (and everything else you've said), i'm going to assume you lack an understanding of ripple as a company and what's actually happening in general. please do more research before stating bogus claims.

No I do not understand. But I can code and I have a programmers view on things. And ripple has centralized servers that for sure not run the open source software. Exchanges as of my understanding have just a wallet like everybody else and do issue IOUs. So why should a exchange be able to stop Ripple from printing themselves money?

If that open source software would work everybody could just take it, improve it and go to banks and say I'm the better ripple. A company that money with his stuff will not open source it's code. Linux Torvalds never took money for Linux as far as I know. I don't know why you cant see the problem here.

First of all, Linus Torvalds. He did not look money for Linux, but got money from Support e.g. Trainings, certification, consultancy etc. anyway, if you look, you will find how they own money. Like with so called decentralisation, there are no "Free Software", there are just different ways of doing money.

Again, you like idiot keep saying "Printing money". No one prints money, stop showing yourself stupid. Unless somebody gives you money for that.

Topic: [XRP] Ripple Speculation - page 374. (Read 637703 times)