[XRP] Ripple Speculation - page 533.

vanhalendlrband

sr. member

Activity: 325

Merit: 252

Quote from: btcdiggingmaster on April 17, 2017, 05:58:50 AM

Quote from: Nivir on April 17, 2017, 05:51:55 AM

Quote from: vanhalendlrband on April 16, 2017, 08:11:59 PM

Quote from: g___ on April 16, 2017, 05:26:23 PM

Quote from: Fantum on April 16, 2017, 05:11:39 PM

...but it has infinite supply and controlled by ripple corp.

wrong. 100 billion total, no more can be created per the protocol's rules.

ripple corp / owners can only sell at a mediated rate over a series of years that should stabilize price and enable some degree of trust in the market. they also only own 20% of all shares. although still high, the rest has been (and will be) donated to non-profits, charities, and the ripple foundation to further innovation.

Thanks for explaining that one, another common misconception is somehow XRP has an infinite supply and it does not and as you say no more XRP can ever be created.

On top of that the supply is constantly burnt so the only thing that can happen is less XRP supply over time.

Burning of xrp is something new to me. Is that correct? Or maybe they are burning like 0.001% only or something like those figures. Is burning of supply occurs per annum? Where can I see the writings on this?

Burning XRP? what does it mean, coins are being burned by the company or people should burn the XRP coin.
Then how can they recover the losses to people who invested in XRP, very disgusting.
I have been waiting for the price where XRP should stand for in the market.

I don't think you know what the word disgusting means.

Anyways

Every Ripple transaction burns XRP supply. Nothing disgusting about it.

vanhalendlrband

sr. member

Activity: 325

Merit: 252

Quote from: Nivir on April 17, 2017, 05:51:55 AM

Quote from: vanhalendlrband on April 16, 2017, 08:11:59 PM

Quote from: g___ on April 16, 2017, 05:26:23 PM

Quote from: Fantum on April 16, 2017, 05:11:39 PM

...but it has infinite supply and controlled by ripple corp.

wrong. 100 billion total, no more can be created per the protocol's rules.

ripple corp / owners can only sell at a mediated rate over a series of years that should stabilize price and enable some degree of trust in the market. they also only own 20% of all shares. although still high, the rest has been (and will be) donated to non-profits, charities, and the ripple foundation to further innovation.

Thanks for explaining that one, another common misconception is somehow XRP has an infinite supply and it does not and as you say no more XRP can ever be created.

On top of that the supply is constantly burnt so the only thing that can happen is less XRP supply over time.

Burning of xrp is something new to me. Is that correct? Or maybe they are burning like 0.001% only or something like those figures. Is burning of supply occurs per annum? Where can I see the writings on this?

Every Ripple transaction burns XRP supply. Read it on Ripples website or read more than one page of this topic and find out the hundred other people this has had to be explained to over and over again

Fantum

sr. member

Activity: 420

Merit: 250

I was thinking of making a coin that is easy convert your money into it. Just post proof of you burning your dollar bills and you get coins.

btcdiggingmaster

hero member

Activity: 644

Merit: 500

Transact Safer / Chase Better

Quote from: Nivir on April 17, 2017, 05:51:55 AM

Quote from: vanhalendlrband on April 16, 2017, 08:11:59 PM

Quote from: g___ on April 16, 2017, 05:26:23 PM

Quote from: Fantum on April 16, 2017, 05:11:39 PM

...but it has infinite supply and controlled by ripple corp.

wrong. 100 billion total, no more can be created per the protocol's rules.

ripple corp / owners can only sell at a mediated rate over a series of years that should stabilize price and enable some degree of trust in the market. they also only own 20% of all shares. although still high, the rest has been (and will be) donated to non-profits, charities, and the ripple foundation to further innovation.

Thanks for explaining that one, another common misconception is somehow XRP has an infinite supply and it does not and as you say no more XRP can ever be created.

On top of that the supply is constantly burnt so the only thing that can happen is less XRP supply over time.

Burning of xrp is something new to me. Is that correct? Or maybe they are burning like 0.001% only or something like those figures. Is burning of supply occurs per annum? Where can I see the writings on this?

Burning XRP? what does it mean, coins are being burned by the company or people should burn the XRP coin.
Then how can they recover the losses to people who invested in XRP, very disgusting.
I have been waiting for the price where XRP should stand for in the market.

Nivir

hero member

Activity: 868

Merit: 506

Quote from: vanhalendlrband on April 16, 2017, 08:11:59 PM

Quote from: g___ on April 16, 2017, 05:26:23 PM

Quote from: Fantum on April 16, 2017, 05:11:39 PM

...but it has infinite supply and controlled by ripple corp.

wrong. 100 billion total, no more can be created per the protocol's rules.

ripple corp / owners can only sell at a mediated rate over a series of years that should stabilize price and enable some degree of trust in the market. they also only own 20% of all shares. although still high, the rest has been (and will be) donated to non-profits, charities, and the ripple foundation to further innovation.

Thanks for explaining that one, another common misconception is somehow XRP has an infinite supply and it does not and as you say no more XRP can ever be created.

On top of that the supply is constantly burnt so the only thing that can happen is less XRP supply over time.

Burning of xrp is something new to me. Is that correct? Or maybe they are burning like 0.001% only or something like those figures. Is burning of supply occurs per annum? Where can I see the writings on this?

Fantum

sr. member

Activity: 420

Merit: 250

Yes thanks for the clear explaination. A lot of misconceptions about ripple

vanhalendlrband

sr. member

Activity: 325

Merit: 252

Quote from: g___ on April 16, 2017, 05:26:23 PM

Quote from: Fantum on April 16, 2017, 05:11:39 PM

...but it has infinite supply and controlled by ripple corp.

wrong. 100 billion total, no more can be created per the protocol's rules.

ripple corp / owners can only sell at a mediated rate over a series of years that should stabilize price and enable some degree of trust in the market. they also only own 20% of all shares. although still high, the rest has been (and will be) donated to non-profits, charities, and the ripple foundation to further innovation.

Thanks for explaining that one, another common misconception is somehow XRP has an infinite supply and it does not and as you say no more XRP can ever be created.

On top of that the supply is constantly burnt so the only thing that can happen is less XRP supply over time.

g___

sr. member

Activity: 273

Merit: 252

Quote from: lionheart78 on April 16, 2017, 06:45:41 PM

I am wondering how could the developer can only own 20% of all shares? Isn't they initially own 100% of that share? Then they will sell 80% and leaving at most 20% for them? So that is around 20 Billion token if I am not mistaken. Well there is no sane corporation that will dump their holdings to crash the market. It was just laid beautifully but the fact, they will sell when they see the price is going up. Charities and non-profits, do they really exist? Excuse me but I have seen lots of stuff giving grants and stuff to their own organization, I hope Ripple is different.

yes, the founders have (had) 20% of all existing shares to add stability and confidence to xrp. supposedly of that 20%, half of that has been donated to non profits / charities. remember most ceo's, founders, and president's of companies typically retain the majority of shares within a company, so ripple is no different in that sense.

lionheart78

legendary

Activity: 2982

Merit: 1153

Quote from: g___ on April 16, 2017, 05:26:23 PM

Quote from: Fantum on April 16, 2017, 05:11:39 PM

...but it has infinite supply and controlled by ripple corp.

wrong. 100 billion total, no more can be created per the protocol's rules.

ripple corp / owners can only sell at a mediated rate over a series of years that should stabilize price and enable some degree of trust in the market. they also only own 20% of all shares. although still high, the rest has been (and will be) donated to non-profits, charities, and the ripple foundation to further innovation.

I am wondering how could the developer can only own 20% of all shares? Isn't they initially own 100% of that share? Then they will sell 80% and leaving at most 20% for them? So that is around 20 Billion token if I am not mistaken. Well there is no sane corporation that will dump their holdings to crash the market. It was just laid beautifully but the fact, they will sell when they see the price is going up. Charities and non-profits, do they really exist? Excuse me but I have seen lots of stuff giving grants and stuff to their own organization, I hope Ripple is different.

g___

sr. member

Activity: 273

Merit: 252

Quote from: Fantum on April 16, 2017, 05:11:39 PM

...but it has infinite supply and controlled by ripple corp.

wrong. 100 billion total, no more can be created per the protocol's rules.

ripple corp / owners can only sell at a mediated rate over a series of years that should stabilize price and enable some degree of trust in the market. they also only own 20% of all shares. although still high, the rest has been (and will be) donated to non-profits, charities, and the ripple foundation to further innovation.

Fantum

sr. member

Activity: 420

Merit: 250

What is there to say that the ripple coin should be worth more than it is? Maybe with growth over a year it could be twice what it is, but it has infinite supply and controlled by ripple corp. What other coins with billions of coins in existence are priced as high as ripple? Better off investing in something with low supply. It seems even pink coin could be worth more than ripple coin.

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: wdc4693 on April 16, 2017, 08:02:48 AM

Quote from: vsyc on April 16, 2017, 07:57:31 AM

Quote from: wdc4693 on April 16, 2017, 07:45:29 AM

Well XRP has been heavily pumped a few weeks ago, right?

Question must be (in optimistic version):
- How far can it go until end of this month?
- Why will it go there?

I am undecided at the moment. If this brutal push wouldn't have been there I would say: sure moon, urAnus or which ever dimensions, but now?

You can not call that brutal push imho, XRP was very, very undervalued (around 600 satoshi in march) considering on all assets they own and media they run. I do not expect any dramatic change this month, it might grow up to 3100-3200. I suspect another rise starting from end of May, where a lot of events will be in place (https://ripple.com/events/) up to end of June. I think it can be very good time to go to somewhere 3.5-5k.

XRP is a long term and so far stable currency with big vision and ambitious, do not expect it explode, expect it to be developed.

Ok, I rectify my statement. Let's call it a positive adjustment. However, it was still quite impressive for a coin like XRP (with already existing reputation etc).

In long term, not last Wink

wdc4693

member

Activity: 65

Merit: 10

Quote from: vsyc on April 16, 2017, 07:57:31 AM

Quote from: wdc4693 on April 16, 2017, 07:45:29 AM

Well XRP has been heavily pumped a few weeks ago, right?

Question must be (in optimistic version):
- How far can it go until end of this month?
- Why will it go there?

I am undecided at the moment. If this brutal push wouldn't have been there I would say: sure moon, urAnus or which ever dimensions, but now?

You can not call that brutal push imho, XRP was very, very undervalued (around 600 satoshi in march) considering on all assets they own and media they run. I do not expect any dramatic change this month, it might grow up to 3100-3200. I suspect another rise starting from end of May, where a lot of events will be in place (https://ripple.com/events/) up to end of June. I think it can be very good time to go to somewhere 3.5-5k.

XRP is a long term and so far stable currency with big vision and ambitious, do not expect it explode, expect it to be developed.

Ok, I rectify my statement. Let's call it a positive adjustment. However, it was still quite impressive for a coin like XRP (with already existing reputation etc).

vsyc

sr. member

Activity: 1037

Merit: 253

Quote from: wdc4693 on April 16, 2017, 07:45:29 AM

Well XRP has been heavily pumped a few weeks ago, right?

Question must be (in optimistic version):
- How far can it go until end of this month?
- Why will it go there?

I am undecided at the moment. If this brutal push wouldn't have been there I would say: sure moon, urAnus or which ever dimensions, but now?

You can not call that brutal push imho, XRP was very, very undervalued (around 600 satoshi in march) considering on all assets they own and media they run. I do not expect any dramatic change this month, it might grow up to 3100-3200. I suspect another rise starting from end of May, where a lot of events will be in place (https://ripple.com/events/) up to end of June. I think it can be very good time to go to somewhere 3.5-5k.

XRP is a long term and so far stable currency with big vision and ambitious, do not expect it explode, expect it to be developed.

wdc4693

member

Activity: 65

Merit: 10

Well XRP has been heavily pumped a few weeks ago, right?

Question must be (in optimistic version):
- How far can it go until end of this month?
- Why will it go there?

I am undecided at the moment. If this brutal push wouldn't have been there I would say: sure moon, urAnus or which ever dimensions, but now?

leepek123

newbie

Activity: 15

Merit: 0

Not to the moon, not yo the uranus. Let xrp find another galaxy

Mrpumperitis

legendary

Activity: 2856

Merit: 1075

http://www.cityam.com/262966/leaked-files-suggest-us-national-security-agency-accessed

http://www.reuters.com/article/us-usa-cyber-swift-idUSKBN17G1HC

http://www.middleeasteye.net/news/hacked-files-suggest-nsa-penetrated-swift-middle-east-banks-2138045057

Fri Apr 14, 2017
The release included computer code that could be adapted by criminals to break into Swift servers and monitor messaging activity, said Shane Shook, a cybersecurity consultant who has helped banks investigate breaches of their Swift systems.

oo swift's in trouble..........again Tongue

Stock up as much XRP as you can while its still soo cheap, the snowball effect is about to begin Cool

Mrpumperitis

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Activity: 2856

Merit: 1075

ladiesBTC

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Merit: 100

🌟🌟

g___

sr. member

Activity: 273

Merit: 252

Quote from: Invester on April 15, 2017, 12:24:28 PM

But what is the role of xrp tokens

from ripple's website xrp portal:

"While XRP is not required to transact on Ripple, it is uniquely positioned to create more competitive foreign exchange (FX) markets for cross-border payments. ...Trading through XRP does not require bank accounts, service fees, counterparty risk, or additional operational costs. By using XRP, liquidity providers can specialize in certain currency corridors, reduce operational costs, and ultimately, offer more competitive FX pricing."

learn more here:
https://ripple.com/xrp-portal/

Topic: [XRP] Ripple Speculation - page 533. (Read 637750 times)