Topic: [XRP] Ripple Speculation - page 548. (Read 637625 times)

Link?

Ripplers i just heard some plans for next week....
word on the street is , XRP will be aiming for $2billion+  (around 5k sats or higher if btc dumps)

but the fact of its pump prices since the effect of the ripple cooperation with Japanese bank
we see his development into the future,regarding the present situation cessation of projects R3

My bank already is. You should do some research. Many banks are using it already. News all over google.

you have alot to read and catch up on m8
it is being used by banks, but not they way you think
banks and others do not need to buy from polo lol

Really? Can you show me the issuing wallets, IOUs or txids that have been confirmed to belong to a bank? The beauty of RCL is its transparency.
NBAD's "bilateral trustline with no orderbooks" implementation is an oxymoron for a public ledger.

This price appreciation - unlike the previous rally (to ~$2.8c/XRP) that was driven by Japanese Yen flooding RCL - is being fueled by activity on Poloniex. Do you really think that a financial institution that has enormous KYC/AML limitation is going to trade on an unregulated exchange?..

Banks are already using it, so you're wrong again.

XRP devs   " well we have this tech that is faster, cheaper and more secure than swift"

Big bank CEO   "hmmm i duno, sounds too gd to be true, ill wait till i get reliable information from trolls on bitcointalk"

 


wait... dude, its done almost x5 in around 1 week and youve made a little money on swings!!! lols
Your decision to go long is based on troll forum replies    
maybe its time to revise your strategy?


oh as for the BTC transactions...ive waited...3days once, 16 hours, and many times its over 10hours

Sorry that i disturb your discourse. Won't be for long.
But it is true, that a transaction with BTC is takin' a long time at the moment.
When you want to move BTCs fast, you'll have to pay for it.
Is BTC ment for that?
A two class currency?
Fast for the rich and slow for the poor?
Simple:
No.

Yes, this place is getting pretty lonely here.. no action.  No interest.  Where is this coin heading.

Dont take me wrong I want XRP to succeed and I have made a little money on some of the swings but I cant go long until more clear information trickles down.  For now I am not so sure that this project will be successful in integrating the XRP coin into the Bank money tranfer system.  I think Ripples technology is good but the extra "plug-in" of XRP into the system seems like a pipe dream and vehicle of speculation.

guys, let Ray do his thing...
When a coin is doing well, it is natural to get trolls, its a good sign, they keep the forum active.
they also help build volume on trades
Id be worried if there was no troll lol


Im waitin for my good luck troll, Becoin to arrive here....he loves the banks lol 

Quoting from the same pdf paper in search of the Pool term:

pg 5

"By consolidating liquidity to service international payments from many, disjointed, international
nostro accounts into one XRP pool, respondent banks allocate less total liquidity to service the
same volume of global payments. Here is how:
• The bank only has to hold its domestic currency and maintain one account with XRP.
• The bank only needs enough XRP on hand to service its largest expected payment obligation.
• By making markets directly between its domestic currency and XRP, the bank minimizes the
number of intermediaries involved and their markup on spreads."

From above it is clearly stated that to use XRP the bank needs XRP!

pg 13

"Just as the redundancy of nostro accounts needed to service international payments for
correspondent banks can be consolidated into one XRP pool, financial institutions can begin
to consolidate collateral accounts needed to participate in different markets into single XRP
positions that can provide one point of interchange to every other financial instrument.
Ripple technology can then eliminate settlement risk and reconciliation costs as transactions
move between systems, releasing billions of dollars annually back into the economy while
strengthening financial stability."

Again the financial institution needs to have an XRP position

So if you hold or own or borrow XRP to excecute the fast transactions then you are exposed to currency price swings of XRP.

By the way stop spreading this lies about:  "with 4 days + ack time and confirmation times"  That is pure lies.

I send Bitcoin to and from my wallet every day and only takes from a few minutes to one hour max.  There may be rare occasions in which it may take two hours, but 4 days (what a lie)   It seems that you need to study and update yourself a little more about how bitcoin works in the real world.

And i repeat to you once again, you have some very basic understanding wrong, and in all humility, one "DOES NOT" need to have 1 million ripples to send 1 million 'dollars'. One ought to have 1 million 'dollars' to send 1 million 'dollars'

Which is exactly i pointed out, when value of ripple comes into action. I hope the point gets across this time else you come of as really either not reading what is said, or perhaps strongly biased in your mind.

Bitcoin is purely store of value, it is so bad for transfer mechanism, with 4 days + ack time and confirmation times. Why ? it is not made for transaction, it is made for proving value by work. although the work is useless , which is an evolution to things like Etherium where work is promised contract code.


Anyway having that aside, still the funniest thing is ripple will probably be the most stable currency, because once it gains transaction properties in real markets, there will be large needs of reserve maintenance by various entities (market makers, FI's, central banks etc )

what part of my explanation are you NOT getting ?

and your have put borrowing xrp in a totally wrong sense, 'You' DON't borrow it for holding, it is 'BORROWED' on the RCL during the Byzantine agreement and consensus process to promise 'counter-party' ( which is what eliminated counter party risk ). This borrowing happens for 45 seconds at 'most'. current on-ledger confirmation is around 1000 tx/second. What are you taking about ?

Don't you see the clear definition of 'POOL' in the cost model PDF you have pasted above ?

I know its hard to imagine for traditionalist's who see a crypto-currency as a computerized form of 'piece' of something. but value can also be derived by properties and knowledge that is implemented in the mathematics that guarantees certain terms and conditions ( all consensus algorithms that guarantee 'counter-party' risk elimination )

you need to study and update yourself, and i am saying this not out of dis-respect, but you truly are getting things in a very naive and wrong manner. take time, study a bit.

good luck

hmm.... I think I know what you're getting at maybe I can answer this.

I heard that XRP will be used on markets for liquidity but it won't affect transaction prices. As in, XRP will be used as the payment channel, but you won't be actually paying extra for whatever price XRP is because you are trading a currency on its system and burning XRP for every ripple transaction that doesn't use XRP.

So in theory I would think the supply goes down, price may go up, but the coin is just being used to transact other coins and therefore the price doesn't reflect say somebody buying 1,000 transacts of Bitcoin from USD in a second because they're not directly trading in XRP. At least that's how I have understood it.

After re-reading. No you don't have to own XRP, you are misreading. If you want to use the Ripple networks, like the banks are ALREADY DOING RIGHT NOW, then XRP will be used as the payment channel. You do not need to own XRP to trade bitcoin to bitcoin or bitcoin to usd, but XRP will still be used in those transactions.