Ripple is definitely an interesting coin.
Its the total opposite of most coins, by the fact they are working with banks, have a centralized database they have some control over, etc.
This business model is either going to fizzle out, or explode and the price of coins will skyrocket.
I'm going to do a small investment and see what happens, I guess.
Topic: [XRP] Ripple Speculation - page 556. (Read 637625 times)
"They" can do that on Coinbase or whatever other platform too, only invisible to other people. Ripple gateways are more like transparent exchange backends and part of the regulations is that you need to be able to stop someone from transacting stuff that belongs to you (or tracks something that belongs to you). Only gateways can freeze balances and only balances they issued. They are also able to publicly disclaim freezing permanently with a special transaction that kinda works like burning a fuse.
There shouldn't even be a Ripple speculation topic. The entire asset, it's issuance, and its distribution are centrally controlled - the price will be whatever the company wants. The entire idea of speculating or investing such an asset is absurd.
I am So sick of hearing this "centrally controlled" nonsense. It's getting really old and stale. I love Bitcoin as much as the next guy, but come on, get off it already.
Because it is. The worst part is they are marketing themselves as "decentralized" which they are not. They are not even a real cryptocoin. What they have is a database with a currency centrally controlled only by them. They even gave the gateways power to freeze your money in the platform. Where is the spirit of crypto in there?
Do your homework:
"The Ripple Consensus Ledger gives addresses the ability to freeze non-XRP balances, which can be useful to meet regulatory requirements, or while investigating suspicious activity. There are three settings related to freezes:
Because no party has a privileged place in the Ripple Consensus Ledger, the freeze feature cannot prevent a counterparty from conducting transactions in XRP or funds issued by other counterparties. No one can freeze XRP."
https://ripple.com/build/transactions/
Yes. But they can freeze your non XRP funds in Ripple am I correct? What kind of cryptocurrency platform is that? I would rather use my bank. At least with them I can talk to the manager face to face when something is wrong.
Didnt expect the price to go over 1500. Already sold my coins.
It stays exciting
It stays exciting
XRP was rallying to 1750 highest, but the market is not bullish or XRP's market cap is already big, no more growth room. The price be 900 sat again. Seed B funding is just hype, such siacoin did the same, pump and dump
Care to revise?
There shouldn't even be a Ripple speculation topic. The entire asset, it's issuance, and its distribution are centrally controlled - the price will be whatever the company wants. The entire idea of speculating or investing such an asset is absurd.
I am So sick of hearing this "centrally controlled" nonsense. It's getting really old and stale. I love Bitcoin as much as the next guy, but come on, get off it already.
Because it is. The worst part is they are marketing themselves as "decentralized" which they are not. They are not even a real cryptocoin. What they have is a database with a currency centrally controlled only by them. They even gave the gateways power to freeze your money in the platform. Where is the spirit of crypto in there?
Do your homework:
"The Ripple Consensus Ledger gives addresses the ability to freeze non-XRP balances, which can be useful to meet regulatory requirements, or while investigating suspicious activity. There are three settings related to freezes:
Because no party has a privileged place in the Ripple Consensus Ledger, the freeze feature cannot prevent a counterparty from conducting transactions in XRP or funds issued by other counterparties. No one can freeze XRP."
https://ripple.com/build/transactions/
and that is why it appeals to banks...
There shouldn't even be a Ripple speculation topic. The entire asset, it's issuance, and its distribution are centrally controlled - the price will be whatever the company wants. The entire idea of speculating or investing such an asset is absurd.
I am So sick of hearing this "centrally controlled" nonsense. It's getting really old and stale. I love Bitcoin as much as the next guy, but come on, get off it already.
Because it is. The worst part is they are marketing themselves as "decentralized" which they are not. They are not even a real cryptocoin. What they have is a database with a currency centrally controlled only by them. They even gave the gateways power to freeze your money in the platform. Where is the spirit of crypto in there?
If banks adopted Bitcoin it would be the nightmare of all PR nightmares. They would lose far more customers and accounts than imaginable. Maybe in 10 years they will change their mind, but it probably won't happen anytime soon. <~ That's reality.
There shouldn't even be a Ripple speculation topic. The entire asset, it's issuance, and its distribution are centrally controlled - the price will be whatever the company wants. The entire idea of speculating or investing such an asset is absurd.
I am So sick of hearing this "centrally controlled" nonsense. It's getting really old and stale. I love Bitcoin as much as the next guy, but come on, get off it already.
@americanpegasus. If you think of it that way there can still be a speculation topic about Ripple. "When and where will Ripple the company want the price of XRP be today?" 
More or less some of the coins in the exchanges are controlled by a small group of whales because they hold most of it. So it is almost in the same situation as XRP.
More or less some of the coins in the exchanges are controlled by a small group of whales because they hold most of it. So it is almost in the same situation as XRP.
There shouldn't even be a Ripple speculation topic. The entire asset, it's issuance, and its distribution are centrally controlled - the price will be whatever the company wants. The entire idea of speculating or investing such an asset is absurd.
what is te fee to send ripple?
also could someone send me 25XRP to activate my account please. I am using an offline github wallet (so F ing hard to find) after i lost my rippletrade details.
If you could send to this address, I would really appreciate the 25XRP to see if this offline wallet works.
Also, here is a link to it on github... I'd like to see if the transaction worked coz i used this offline wallet to create my useraccount and passphrase and secret key, without the use of the online RippleTrade or GateHub systems... here's my wallet...
r3b9UeswWnSUFcc83t1xuqm6Kus202xTpJ
Here is the thread regarding this offline ripple wallet
http://www.xrpchat.com/topic/363-ripple-client-desktop-now-is-ripple-admin-console/
and also the source but also win gui exe file is here on github for those who cant or dont want to deal with source code.
hope it helps
https://github.com/yxxyun/ripple-client-desktop/releases
in what other ways would they use ripple?
wouldnt ripple always remain as the intermediary hub / centre of the wheel of currency switches on their ledger? so you always so via xrp to make the trade pool of market liquidity larger and collectivised instead of trade liquidity levels between unique currency pairs?
also could someone send me 25XRP to activate my account please. I am using an offline github wallet (so F ing hard to find) after i lost my rippletrade details.
If you could send to this address, I would really appreciate the 25XRP to see if this offline wallet works.
Also, here is a link to it on github... I'd like to see if the transaction worked coz i used this offline wallet to create my useraccount and passphrase and secret key, without the use of the online RippleTrade or GateHub systems... here's my wallet...
r3b9UeswWnSUFcc83t1xuqm6Kus202xTpJ
Here is the thread regarding this offline ripple wallet
http://www.xrpchat.com/topic/363-ripple-client-desktop-now-is-ripple-admin-console/
and also the source but also win gui exe file is here on github for those who cant or dont want to deal with source code.
hope it helps
https://github.com/yxxyun/ripple-client-desktop/releases
in what other ways would they use ripple?
wouldnt ripple always remain as the intermediary hub / centre of the wheel of currency switches on their ledger? so you always so via xrp to make the trade pool of market liquidity larger and collectivised instead of trade liquidity levels between unique currency pairs?
Xrp coin isn't an investment in ripple. It's just the coin they use. When the banks are investing money in ripple it's the company. The coin holders won't get any benefit.
Yes. The banks are investing in Ripple the company and not the platform. It shows that Ripple the company will be listed in the Nasdaq one day thru an IPO and its investors have interest to make money out of it. The coin holder will have no direct benefit out of this except maybe the hype that comes with the news and that will make it an attractive investment for speculators. But if banks choose to use Ripple the platform for their products then that would have direct effect on the coin.
Bank will probably not use xrp, or at least they have the choice to use ripple platform through FIAT (now pick what they could prefer)
No. Banks will have no choice but to use XRP. To use Ripple you have to activate your account with 25 XRP and each transaction will cost you some fees in XRP too.
Can someone tell me if there is a slack for Ripple ?!
There is no official slack channel for XRP.
Xrp coin isn't an investment in ripple. It's just the coin they use. When the banks are investing money in ripple it's the company. The coin holders won't get any benefit.
Yes. The banks are investing in Ripple the company and not the platform. It shows that Ripple the company will be listed in the Nasdaq one day thru an IPO and its investors have interest to make money out of it. The coin holder will have no direct benefit out of this except maybe the hype that comes with the news and that will make it an attractive investment for speculators. But if banks choose to use Ripple the platform for their products then that would have direct effect on the coin.
Bank will probably not use xrp, or at least they have the choice to use ripple platform through FIAT (now pick what they could prefer)
Xrp coin isn't an investment in ripple. It's just the coin they use. When the banks are investing money in ripple it's the company. The coin holders won't get any benefit.
Yes. The banks are investing in Ripple the company and not the platform. It shows that Ripple the company will be listed in the Nasdaq one day thru an IPO and its investors have interest to make money out of it. The coin holder will have no direct benefit out of this except maybe the hype that comes with the news and that will make it an attractive investment for speculators. But if banks choose to use Ripple the platform for their products then that would have direct effect on the coin.
Can someone tell me if there is a slack for Ripple ?!
Xrp coin isn't an investment in ripple. It's just the coin they use. When the banks are investing money in ripple it's the company. The coin holders won't get any benefit.
But if the company is strong it will have an effect on the coin too.
Xrp coin isn't an investment in ripple. It's just the coin they use. When the banks are investing money in ripple it's the company. The coin holders won't get any benefit.
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