please be a sensible troll
lols
Topic: [XRP] Ripple Speculation - page 549. (Read 637625 times)
RayX12..we hear ya ...
please be a sensible troll
lols
please be a sensible troll
lols
This is bullshit! Here is what he responded:
"the carrier technology uses XRP to bridge chains during settlement, Day to day volatility does not come into play at all.
and given the settlement happens dynamically in like under 30 seconds ? the only volatility that is visible during the transaction is the 30 seconds volatility. in other words- ZERO impact of volatility.
where volatility actually hurts is when settlement and confirmation takes hours and days. ( Ex: BTC). the sent value and receiving value is broken and unpredictable."
But the fact is that someone has to own XRP to settle the transactions. Let me quote from the XRP cost model itself (https://ripple.com/files/xrp_cost_model_paper.pdf)
From pg 9
"Institutional Cost Savings Using
Ripple and XRP
Now let’s evaluate cost savings to our representative bank using Ripple and XRP as a universal
bridge asset. The cost model below assumes our same respondent bank converts 50 percent
of its payments-related float into XRP after implementing Ripple, custodying the XRP itself.
Banks can either source and custody XRP themselves or contract third-party liquidity providers.
Currency hedging is the only cost with an initial, short-term increase due to the potential higher
volatility of XRP as a new asset. As XRP gains usage, this volatility is expected to trend downward."
So it clearly states that you either own it or borrow it. Either way you are exposed to the volatility of the XRP alt coin.
"the carrier technology uses XRP to bridge chains during settlement, Day to day volatility does not come into play at all.
and given the settlement happens dynamically in like under 30 seconds ? the only volatility that is visible during the transaction is the 30 seconds volatility. in other words- ZERO impact of volatility.
where volatility actually hurts is when settlement and confirmation takes hours and days. ( Ex: BTC). the sent value and receiving value is broken and unpredictable."
But the fact is that someone has to own XRP to settle the transactions. Let me quote from the XRP cost model itself (https://ripple.com/files/xrp_cost_model_paper.pdf)
From pg 9
"Institutional Cost Savings Using
Ripple and XRP
Now let’s evaluate cost savings to our representative bank using Ripple and XRP as a universal
bridge asset. The cost model below assumes our same respondent bank converts 50 percent
of its payments-related float into XRP after implementing Ripple, custodying the XRP itself.
Banks can either source and custody XRP themselves or contract third-party liquidity providers.
Currency hedging is the only cost with an initial, short-term increase due to the potential higher
volatility of XRP as a new asset. As XRP gains usage, this volatility is expected to trend downward."
So it clearly states that you either own it or borrow it. Either way you are exposed to the volatility of the XRP alt coin.
Can one of you XRP pumpers explain how can a bank use XRP as a currency when there is so much volatility?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!"
"
So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!"
" So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
the carrier technology uses XRP to bridge chains during settlement, Day to day volatility does not come into play at all.
and given the settlement happens dynamically in like under 30 seconds ? the only volatility that is visible during the transaction is the 30 seconds volatility. in other words- ZERO impact of volatility.
where volatility actually hurts is when settlement and confirmation takes hours and days. ( Ex: BTC). the sent value and receiving value is broken and unpredictable.
I suggest you to read various settlement papers and whitepapers released in ripple insights and various poc documents. To add to all this, Ripple is the tech and rails on which BTC will be enabled in japan. because point of sales cannot use BTC with 4 day confirmation. they need to get confirmation faster of their payments, even todays credit cards guarantee queue position and confirm in a few hours.
What an irony, Ripple is carrying BTC in tis rails in japan along with other assets.
Too much misinformation in here. People, please study yourself. ripple is the real deal, no body needs to pump anything. Its not a shady coin used on onion and darkweb. it if for regular everday life.
I agree. I already explained to that poster above, and he still didn't get what I was saying. Most likely a troll.
Not a troll. I am interested and I have read the papers but the volatility issue is not properly explained or handled in my view.
... and apparently neither of you have any idea on how this volatility issue will be handled. That is the un-answered question!
Its the comment you quoted by formdeep maybe you didn't read all the comments but he answers your question directly.
I insist and repeat my statement:
The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
omg wow, your so smart, maybe you should tell ,Japan’s largest bank, MUFG. Bank of England,Abu Dhabi and many more..aswell as google,seagate and samsung.The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
go to their twitters, tell their ceos what you know.
Not really, just curiosity on how this will be handled.
It was already explained to you.
Where?? Can you be so kind as to copy paste the explanation? I cant find it.
I insist and repeat my statement:
The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
omg wow, your so smart, maybe you should tell ,Japan’s largest bank, MUFG. Bank of England,Abu Dhabi and many more..aswell as google,seagate and samsung.The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
go to their twitters, tell their ceos what you know.
Not really, just curiosity on how this will be handled.
It was already explained to you.
I insist and repeat my statement:
The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
omg wow, your so smart, maybe you should tell ,Japan’s largest bank, MUFG. Bank of England,Abu Dhabi and many more..aswell as google,seagate and samsung.The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
go to their twitters, tell their ceos what you know.
Not really, just curiosity on how this will be handled.
I insist and repeat my statement:
The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
omg wow, your so smart, maybe you should tell ,Japan’s largest bank, MUFG. Bank of England,Abu Dhabi and many more..aswell as google,seagate and samsung.The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
go to their twitters, tell their ceos what you know.
I insist and repeat my statement:
The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
Can one of you XRP pumpers explain how can a bank use XRP as a currency when there is so much volatility?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!""
So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!"
" So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
the carrier technology uses XRP to bridge chains during settlement, Day to day volatility does not come into play at all.
and given the settlement happens dynamically in like under 30 seconds ? the only volatility that is visible during the transaction is the 30 seconds volatility. in other words- ZERO impact of volatility.
where volatility actually hurts is when settlement and confirmation takes hours and days. ( Ex: BTC). the sent value and receiving value is broken and unpredictable.
I suggest you to read various settlement papers and whitepapers released in ripple insights and various poc documents. To add to all this, Ripple is the tech and rails on which BTC will be enabled in japan. because point of sales cannot use BTC with 4 day confirmation. they need to get confirmation faster of their payments, even todays credit cards guarantee queue position and confirm in a few hours.
What an irony, Ripple is carrying BTC in tis rails in japan along with other assets.
Too much misinformation in here. People, please study yourself. ripple is the real deal, no body needs to pump anything. Its not a shady coin used on onion and darkweb. it if for regular everday life.
I agree. I already explained to that poster above, and he still didn't get what I was saying. Most likely a troll.
Not a troll. I am interested and I have read the papers but the volatility issue is not properly explained or handled in my view.
... and apparently neither of you have any idea on how this volatility issue will be handled. That is the un-answered question!
i already answered, please elaborate what is your question.
The transfer from initialization, to path commitment to settlement takes 30 to 40 seconds internationally between any currency pair (n-2-n ) . So dosen't matter whast the price of xrp is.
where it does matter is for hold accounts, also nastro accoutns and rendered useless due to advanced byzantine that does not need holding and can guarantee same commitment on settlement.
What are you talking about ? explain your question please
The fact that its been answered by you and he completely disregards what you said to him smells like troll to me, a very sneaky troll tho.
Can one of you XRP pumpers explain how can a bank use XRP as a currency when there is so much volatility?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!""
So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!"
" So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
the carrier technology uses XRP to bridge chains during settlement, Day to day volatility does not come into play at all.
and given the settlement happens dynamically in like under 30 seconds ? the only volatility that is visible during the transaction is the 30 seconds volatility. in other words- ZERO impact of volatility.
where volatility actually hurts is when settlement and confirmation takes hours and days. ( Ex: BTC). the sent value and receiving value is broken and unpredictable.
I suggest you to read various settlement papers and whitepapers released in ripple insights and various poc documents. To add to all this, Ripple is the tech and rails on which BTC will be enabled in japan. because point of sales cannot use BTC with 4 day confirmation. they need to get confirmation faster of their payments, even todays credit cards guarantee queue position and confirm in a few hours.
What an irony, Ripple is carrying BTC in tis rails in japan along with other assets.
Too much misinformation in here. People, please study yourself. ripple is the real deal, no body needs to pump anything. Its not a shady coin used on onion and darkweb. it if for regular everday life.
I agree. I already explained to that poster above, and he still didn't get what I was saying. Most likely a troll.
Not a troll. I am interested and I have read the papers but the volatility issue is not properly explained or handled in my view.
... and apparently neither of you have any idea on how this volatility issue will be handled. That is the un-answered question!
i already answered, please elaborate what is your question.
The transfer from initialization, to path commitment to settlement takes 30 to 40 seconds internationally between any currency pair (n-2-n ) . So dosen't matter whast the price of xrp is.
where it does matter is for hold accounts, also nastro accoutns and rendered useless due to advanced byzantine that does not need holding and can guarantee same commitment on settlement.
What are you talking about ? explain your question please
...
and given the settlement happens dynamically in like under 30 seconds ? the only volatility that is visible during the transaction is the 30 seconds volatility. in other words- ZERO impact of volatility.
The problem of course is not in the time of settlement as you have pointed. The problem is that in order to send a million dollars, you need to "own" a million dollars in XRP or you need to "borrow it" from an institution.
So now you are exposing the bank balance sheet to the volatility of XRP during the time that you own it or borrow it.
Can one of you XRP pumpers explain how can a bank use XRP as a currency when there is so much volatility?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!""
So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!"
" So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
the carrier technology uses XRP to bridge chains during settlement, Day to day volatility does not come into play at all.
and given the settlement happens dynamically in like under 30 seconds ? the only volatility that is visible during the transaction is the 30 seconds volatility. in other words- ZERO impact of volatility.
where volatility actually hurts is when settlement and confirmation takes hours and days. ( Ex: BTC). the sent value and receiving value is broken and unpredictable.
I suggest you to read various settlement papers and whitepapers released in ripple insights and various poc documents. To add to all this, Ripple is the tech and rails on which BTC will be enabled in japan. because point of sales cannot use BTC with 4 day confirmation. they need to get confirmation faster of their payments, even todays credit cards guarantee queue position and confirm in a few hours.
What an irony, Ripple is carrying BTC in tis rails in japan along with other assets.
Too much misinformation in here. People, please study yourself. ripple is the real deal, no body needs to pump anything. Its not a shady coin used on onion and darkweb. it if for regular everday life.
I agree. I already explained to that poster above, and he still didn't get what I was saying. Most likely a troll.
Not a troll. I am interested and I have read the papers but the volatility issue is not properly explained or handled in my view.
... and apparently neither of you have any idea on how this volatility issue will be handled. That is the un-answered question!
Can one of you XRP pumpers explain how can a bank use XRP as a currency when there is so much volatility?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!""
So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!"
" So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
the carrier technology uses XRP to bridge chains during settlement, Day to day volatility does not come into play at all.
and given the settlement happens dynamically in like under 30 seconds ? the only volatility that is visible during the transaction is the 30 seconds volatility. in other words- ZERO impact of volatility.
where volatility actually hurts is when settlement and confirmation takes hours and days. ( Ex: BTC). the sent value and receiving value is broken and unpredictable.
I suggest you to read various settlement papers and whitepapers released in ripple insights and various poc documents. To add to all this, Ripple is the tech and rails on which BTC will be enabled in japan. because point of sales cannot use BTC with 4 day confirmation. they need to get confirmation faster of their payments, even todays credit cards guarantee queue position and confirm in a few hours.
What an irony, Ripple is carrying BTC in tis rails in japan along with other assets.
Too much misinformation in here. People, please study yourself. ripple is the real deal, no body needs to pump anything. Its not a shady coin used on onion and darkweb. it if for regular everday life.
I agree. I already explained to that poster above, and he still didn't get what I was saying. Most likely a troll.
Can one of you XRP pumpers explain how can a bank use XRP as a currency when there is so much volatility?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!""
So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!"
" So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
the carrier technology uses XRP to bridge chains during settlement, Day to day volatility does not come into play at all.
and given the settlement happens dynamically in like under 30 seconds ? the only volatility that is visible during the transaction is the 30 seconds volatility. in other words- ZERO impact of volatility.
where volatility actually hurts is when settlement and confirmation takes hours and days. ( Ex: BTC). the sent value and receiving value is broken and unpredictable.
I suggest you to read various settlement papers and whitepapers released in ripple insights and various poc documents. To add to all this, Ripple is the tech and rails on which BTC will be enabled in japan. because point of sales cannot use BTC with 4 day confirmation. they need to get confirmation faster of their payments, even todays credit cards guarantee queue position and confirm in a few hours.
What an irony, Ripple is carrying BTC in tis rails in japan along with other assets.
Too much misinformation in here. People, please study yourself. ripple is the real deal, no body needs to pump anything. Its not a shady coin used on onion and darkweb. it if for regular everday life.
Can one of you XRP pumpers explain how can a bank use XRP as a currency when there is so much volatility?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!""
So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
The bank executive explaining the transfer:
"Opps sorry sir we sent a million dollars but by the time we converted back to dollars you only got 990,000. So you lost 10,000 in that transaction. That is only a 1% loss due to volatility in the XRP coin!"
" So what mechanism are they going to use to hold volatility down? Does any of you understand how this can work?
Hello, newer to cryptos but \I come from the trading world. What is the easiest way to buy xrp? Bitstamp?
Bitstamp is def one of the easiest.btw, do you own a spacesuit?...lol
you might need it as XRP prepares to take off to another planet
The cake is real
BTC is being bought alot just now...XRP $ value hasnt changed ($0.02)
I think BTC is being bought to be changed into XRP....
get ready for even bigger green candles on XRP very soon.
I think BTC is being bought to be changed into XRP....
get ready for even bigger green candles on XRP very soon.
Xrp is 100% needed for Ripple to succeed
https://ripple.com/insights/ripple-continues-to-bring-internet-of-value-to-life-new-features-increase-transaction-throughput-to-same-level-as-visa/
https://ripple.com/insights/ripple-continues-to-bring-internet-of-value-to-life-new-features-increase-transaction-throughput-to-same-level-as-visa/
Trolls are trying to spread the opposite info from the facts I notice. Even on here trying to say XRP is not going to be used by Ripple. There's no way around it, XRP will have to be used for Ripple to even be able to work.
Xrp is 100% needed for Ripple to succeed
https://ripple.com/insights/ripple-continues-to-bring-internet-of-value-to-life-new-features-increase-transaction-throughput-to-same-level-as-visa/
https://ripple.com/insights/ripple-continues-to-bring-internet-of-value-to-life-new-features-increase-transaction-throughput-to-same-level-as-visa/
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