[XRP] Ripple Speculation - page 375.

_Ini_

newbie

Activity: 51

Merit: 0

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.

navyblue

newbie

Activity: 10

Merit: 0

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.

_Ini_

newbie

Activity: 51

Merit: 0

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.

g___

sr. member

Activity: 273

Merit: 252

Quote from: _Ini_ on July 09, 2017, 11:52:32 AM

yeah ripple is open source and? And who tells you that the servers run that software. Nobody? Ehh guess what that means.

nothing can be changed per the protocol's rules

Quote from: _Ini_ on July 09, 2017, 11:58:33 AM

Furthermore that it is open source does highly indicate that something is wrong about ripple.

why? tesla is open-sourced, does that highly indicate something wrong with them? (answer: no)

Quote from: _Ini_ on July 09, 2017, 12:09:26 PM

I read the whole article but the benefits of ripple are worth nothing if they can eg. print themselves money. Run other software on their servers then what is on github. This is maybe a marketing gag, beacuse people me including have no clue of this highly complex envirmonment and ripple nails that. Maybe it's a huge scam, I woul dnot be surprised.

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.

JoelKatz

legendary

Activity: 1596

Merit: 1012

Democracy is vulnerable to a 51% attack.

Quote from: Cart on July 09, 2017, 12:08:18 PM

Is it true that the Ripple company could basically release new coins whenever they like? Isn't this quite centralized then?

No. There is no way in the protocol to say "I just created 50,000 coins out of nowhere". The software is open source, you can check it out yourself.

Even if you want to argue that our servers might run some other software, that wouldn't matter, because nobody else's servers (like exchanges and explorers) would listen to us if we told them that a transaction had made funds appear out of nowhere.

You can check out the software yourself. Not only is there no way to say that coins were created out of nowhere, there is explicit code that checks for this condition and reject it just in case a bug or subterfuge let through some way to do it:
https://github.com/ripple/rippled/blob/develop/src/ripple/app/tx/impl/InvariantCheck.cpp#L25-L81

The only thing you can't do with deterministic rules is ensure that everyone tries to execute transactions in the same order. That is the key function of validators.

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: Cart on July 09, 2017, 12:08:18 PM

Is it true that the Ripple company could basically release new coins whenever they like? Isn't this quite centralized then?

This is not true, they only have 100B in total supply. 55B will be locked EOY.

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: AweJohn on July 09, 2017, 12:10:31 PM

Quote from: vsyc on July 09, 2017, 11:10:09 AM

Quote from: cretanicious on July 09, 2017, 10:49:57 AM

Quote from: kanayaTabitha on July 09, 2017, 10:20:03 AM

A coin of bullshit that cost me thousands of dollars,i will no longer believe the news about RIPPLE be it DUMP or JUMP
Look at the current RIPPLE price Huh

Have you checked the pric of the other top 10 currencies?

From his answers you can bet, that he is not able to do anything, just swearing.

Ripple had it's MEGA BULL RUN, but you know how it is , what goes up must come down.
This is very much the case with this centralized coin . I learned it also the hard way:
NEVER BUY IN THE HYPE
Simple but effective

Golden rule, but FOMO is something that you have psychologically resist.

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: _Ini_ on July 09, 2017, 12:09:26 PM

Quote from: navyblue on July 09, 2017, 12:07:24 PM

Quote from: _Ini_ on July 09, 2017, 11:58:33 AM

Furthermore that it is open source does highly indicate that something is wrong about ripple. They surely don't do it because of the open source sense (like Linux Linus Torvalds "I believe open source is the only way you can develop software"). I tell you something is wrong there for sure.

If you have XRP sell then.
I did not ask for your opinion.
It was sharing information not to make you buy XRP.
And you'd better read the whole article and make your moves not take one sentence from context.

I read the whole article but the benefits of ripple are worth nothing if they can eg. print themselves money. Run other software on their servers then what is on github. This is maybe a marketing gag, beacuse people me including have no clue of this highly complex envirmonment and ripple nails that. Maybe it's a huge scam, I woul dnot be surprised.

I think that same applies to any current crypto coin? Don't? Nothing is truly decentralised, wake up. Secondly, you still keep loud on Ripple printing money, but to be that loud, you have to provide facts. Where are they?

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: _Ini_ on July 09, 2017, 11:38:41 AM

Quote from: cretanicious on July 09, 2017, 11:34:21 AM

Quote from: _Ini_ on July 09, 2017, 11:28:11 AM

Is Ripple a money printing machine?

1) Seriously who tells out that they do not give themselves more XRP since it's centralized? They can literally print themeselves money and change it to dollars. I see why banks like that.

2) Nobody even knows if they really use XRP internal, since it seems suboptimal to other systems. Furthermore XRP price is highly volatile, I don't see that Banks would like that. If the don't use it internal XRP would be worth nothing.

3) Why should XRP be worth more if Ripple gets more banks partners? I mean it's purpose (ripple claims they use it in their process) is not affected at all by that.

1.there is certain amount of XRP in the market. Also the 55 villions will be locked in ESCOW account and will be sold slowly. FYI eth does not have a number you can make as much eth as you want.
2.banks will need an intermediate coin iin order to make fast transactions. this is due to the cost of change from one cureency to other, its not like exchanging likes in facebook, you have cental banks, regulations and so on.
3. More banks mean more transaction more tranactions mean more ripple.
the volatility... i see ripple not that volatile like the other cryptos .

1) what tells you that they are not printing themeselves money with giving themselves more and more coins.

2) This article says something different: http://www.coindesk.com/ripples-xrp-giving-third-largest-cryptocurrency-second-look/

3) You mean because there are less ripple because they get destroyed.

1. Re-read point 1 by cretanicious and look on what you wrote. You wrote absolute nonsense.

2. The article is full of lie that is already shocked community, same you can read https://ripple.com/insights/nine-things-need-know-xrp/

3. I have not seen XRP going from 0.25c to 0.02c in one minute, I might wrong, feel free to prove it.

AweJohn

full member

Activity: 139

Merit: 100

Quote from: vsyc on July 09, 2017, 11:10:09 AM

Quote from: cretanicious on July 09, 2017, 10:49:57 AM

Quote from: kanayaTabitha on July 09, 2017, 10:20:03 AM

A coin of bullshit that cost me thousands of dollars,i will no longer believe the news about RIPPLE be it DUMP or JUMP
Look at the current RIPPLE price Huh

Have you checked the pric of the other top 10 currencies?

From his answers you can bet, that he is not able to do anything, just swearing.

Ripple had it's MEGA BULL RUN, but you know how it is , what goes up must come down.
This is very much the case with this centralized coin . I learned it also the hard way:
NEVER BUY IN THE HYPE
Simple but effective

_Ini_

newbie

Activity: 51

Merit: 0

Quote from: navyblue on July 09, 2017, 12:07:24 PM

Quote from: _Ini_ on July 09, 2017, 11:58:33 AM

Furthermore that it is open source does highly indicate that something is wrong about ripple. They surely don't do it because of the open source sense (like Linux Linus Torvalds "I believe open source is the only way you can develop software"). I tell you something is wrong there for sure.

If you have XRP sell then.
I did not ask for your opinion.
It was sharing information not to make you buy XRP.
And you'd better read the whole article and make your moves not take one sentence from context.

I read the whole article but the benefits of ripple are worth nothing if they can eg. print themselves money. Run other software on their servers then what is on github. This is maybe a marketing gag, beacuse people me including have no clue of this highly complex envirmonment and ripple nails that. Maybe it's a huge scam, I woul dnot be surprised.

Cart

sr. member

Activity: 378

Merit: 250

Is it true that the Ripple company could basically release new coins whenever they like? Isn't this quite centralized then?

MemberBerries

sr. member

Activity: 1099

Merit: 267

Quote from: _Ini_ on July 09, 2017, 11:58:33 AM

Furthermore that it is open source does highly indicate that something is wrong about ripple. They surely don't do it because of the open source sense (like Linux Linus Torvalds "I believe open source is the only way you can develop software"). I tell you something is wrong there for sure.

Wtf lool

Its open source-something must be wrong loool

navyblue

newbie

Activity: 10

Merit: 0

Quote from: _Ini_ on July 09, 2017, 11:58:33 AM

Furthermore that it is open source does highly indicate that something is wrong about ripple. They surely don't do it because of the open source sense (like Linux Linus Torvalds "I believe open source is the only way you can develop software"). I tell you something is wrong there for sure.

If you have XRP sell then.
I did not ask for your opinion.
It was sharing information not to make you buy XRP.
And you'd better read the whole article and make your moves not take one sentence from context.

_Ini_

newbie

Activity: 51

Merit: 0

Furthermore that it is open source does highly indicate that something is wrong about ripple. They surely don't do it because of the open source sense (like Linux Linus Torvalds "I believe open source is the only way you can develop software"). I tell you something is wrong there for sure.

_Ini_

newbie

Activity: 51

Merit: 0

Quote from: navyblue on July 09, 2017, 11:39:52 AM

Check this out

https://cryptovein.com/blog/ripple-threat-to-centralized-crypto-currencies/

yeah ripple is open source and? And who tells you that the servers run that software. Nobody? Ehh guess what that means.

navyblue

newbie

Activity: 10

Merit: 0

Check this out

https://cryptovein.com/blog/ripple-threat-to-centralized-crypto-currencies/

_Ini_

newbie

Activity: 51

Merit: 0

Quote from: cretanicious on July 09, 2017, 11:34:21 AM

Quote from: _Ini_ on July 09, 2017, 11:28:11 AM

Is Ripple a money printing machine?

1) Seriously who tells out that they do not give themselves more XRP since it's centralized? They can literally print themeselves money and change it to dollars. I see why banks like that.

2) Nobody even knows if they really use XRP internal, since it seems suboptimal to other systems. Furthermore XRP price is highly volatile, I don't see that Banks would like that. If the don't use it internal XRP would be worth nothing.

3) Why should XRP be worth more if Ripple gets more banks partners? I mean it's purpose (ripple claims they use it in their process) is not affected at all by that.

1.there is certain amount of XRP in the market. Also the 55 villions will be locked in ESCOW account and will be sold slowly. FYI eth does not have a number you can make as much eth as you want.
2.banks will need an intermediate coin iin order to make fast transactions. this is due to the cost of change from one cureency to other, its not like exchanging likes in facebook, you have cental banks, regulations and so on.
3. More banks mean more transaction more tranactions mean more ripple.
the volatility... i see ripple not that volatile like the other cryptos .

1) what tells you that they are not printing themeselves money with giving themselves more and more coins.

2) This article says something different: http://www.coindesk.com/ripples-xrp-giving-third-largest-cryptocurrency-second-look/

3) You mean because there are less ripple because they get destroyed.

cretanicious

member

Activity: 80

Merit: 10

Quote from: _Ini_ on July 09, 2017, 11:28:11 AM

Is Ripple a money printing machine?

1) Seriously who tells out that they do not give themselves more XRP since it's centralized? They can literally print themeselves money and change it to dollars. I see why banks like that.

2) Nobody even knows if they really use XRP internal, since it seems suboptimal to other systems. Furthermore XRP price is highly volatile, I don't see that Banks would like that. If the don't use it internal XRP would be worth nothing.

3) Why should XRP be worth more if Ripple gets more banks partners? I mean it's purpose (ripple claims they use it in their process) is not affected at all by that.

1.there is certain amount of XRP in the market. Also the 55 villions will be locked in ESCOW account and will be sold slowly. FYI eth does not have a number you can make as much eth as you want.
2.banks will need an intermediate coin iin order to make fast transactions. this is due to the cost of change from one cureency to other, its not like exchanging likes in facebook, you have cental banks, regulations and so on.
3. More banks mean more transaction more tranactions mean more ripple.
the volatility... i see ripple not that volatile like the other cryptos .

_Ini_

newbie

Activity: 51

Merit: 0

Is Ripple a money printing machine?

1) Seriously who tells out that they do not give themselves more XRP since it's centralized? They can literally print themeselves money and change it to dollars. I see why banks like that.

2) Nobody even knows if they really use XRP internal, since it seems suboptimal to other systems. Furthermore XRP price is highly volatile, I don't see that Banks would like that. If the don't use it internal XRP would be worth nothing.

3) Why should XRP be worth more if Ripple gets more banks partners? I mean it's purpose (ripple claims they use it in their process) is not affected at all by that.

Topic: [XRP] Ripple Speculation - page 375. (Read 637703 times)