Bitcoin Forum

There is no doubt that this would be a segwit-level event for XRP. I would say 1 dollar instantly after the announcement and even more in the future.
I don't like the corporative features of the coin, but right now it can be a great buy, no doubt about it.

do you know about SBI VC  this summer m8?

The thing I'm wondering though is how much do the banks pay for a Ripple? We are pumping on our exchanges but who says the banks aren't buying it much cheaper from Ripple itself, I doubt the banks go on Kraken or Poloniex for their stash :)

Thank you for your reply, f0rmdeep. I'm grateful you make posts with content to make sure everyone is aware of why this is a good investment instead of using cheap pump-/moontalk. So if I understand this correctly the Ripple we are buying is meant to be used for ourselves if we want to do transactions? Instead of selling it to banks or whatever. So even though the price for a Ripple gets pretty high now and Ripple gets burned for every transaction, the amount of Ripple burned is just 0.00001 or something, so at current prices the transaction fee is only 0.0000009 euros? Which is nothing. And this is why the price can still go a LOT higher without it being plain stupid. Do I understand everything correctly? I haven't had the time to properly research this coin even though I invested a lot (initally just to join the pump but now I deciding if I'll be a holder) so feel free to correct me where my understanding of this coin is wrong. I think it's important for me to know what I bought if I want to keep it longterm.

"Before internet, every network had to worry about connecting to each and every partner networks. This also meant they have to worry about using same routers, same settings, same software, and one went wrong, it all fell apart. After internet ( network for information ) , one only have to worry about connecting to internet and having bandwidth to download or upload. All packets are IP Packets, and now no one worries about the burden of many separate partner networks

Now if you think of the same way for "value" instead of "information", then currently every bank has to trust hundreds of other banks in many countries, and maintain accounts with foreign reserve (bandwidth), to be able to perform remittances. This also includes the risk of some remote foreign bank going belly up. Now with Ripple, all banks have to just worry about connecting to RCL and having enough bandwidth (XRP - universal bridge)

Like internet, initially people will have hard time to catch on, but before you know there will be millions of websites serving different needs. Same way, before we know there will be many services on RCL, all consuming XRP"

Not much, from what i have heard, its big deal, and supposed to be announced and open for business for existing customers August 2nd Week ?

Its a VERY BIG deal, because SBI will be the first "National Banking Organization" to run a virtual currency exchange, and XRP is at the center of everything. Infact even JPY, USD and BTC will be represented by XRP iou on the platform, including their own SBI inhouse coin as well.

All in all, after this year, Ripple will be new Google equivalent of 21st century in financial world. People who missed the boat are gonna cry for an opportunity of a lifetime missed, and many new multimillionaires made. I have less, but i am total strong and long on xrp.

Btw if you know more than this , please share.

wow,
Thomson Reuters StreetEvents•May 1, 2017
Transcript of 8473.T earnings conference call or presentation 28-Apr-17
https://finance.yahoo.com/news/edited-transcript-8473-t-earnings-160224293.html

*
 we would like to converge as soon as possible. So FinTech 1.0, 1.5 needs the web presence, and it basically is a system that allows the exchange of information. In FinTech 2.0, you're able to exchange value over the Internet. That's the difference. And you don't necessarily need the web any longer. And blockchain, of course, can be used on the web, and DLT, Distributed Ledger Technology, is also developing. Currently, companies like Ripple or R3 Corda is adopting this technology. So we would like to take advantage of this technology to develop the system. And we would like to strive to complete the transition process from 1.0 to 1.5 to 2.0 within 3 years. And we would like to quickly reach the phase of FinTech 1.5 as soon as possible. Then how are we going to do it?
So let me talk about some details.

For example, in the area of Robo Advisor, we have an alliance with WealthNavi. From their point of view, I'm sure they are grateful, because this tie-up is doing very well. We have started to launch WealthNavi for SBI SECURITIES. And we currently already have 12,000 accounts as of April 26 ever since we launched this service, and customer assets have reached JPY 5.6 billion.

Furthermore, with Microsoft and Liquidity Market and FXTRADE, we are partnering to develop FX trading service utilizing AI. We are basically trying to complete a system, develop a system that is able to automatically respond to inquiries.

*
And creation of new financial businesses and improvement of operational efficiencies through the utilization of blockchain, a core technology of the FinTech 2.0 era, is another topic that I would like to talk about. For blockchain, in the Financial Services Business, we believe it can be applied in a variety of areas. Of course, we would like to make our business more efficient by reducing cost, so it's feasible in that way. But it can also be applied to making transactions more efficient, whether it be derivatives, bonds, commodities or repurchasing, or cross-border. Blockchain can be used in a variety of fields, and we would like to do all of the fields.

In SBI SECURITIES, they're also looking at the feasibility together with IBM to see what we could do to apply blockchain to the financial market infrastructure for bond-processing operations. :o

For Virtual Currencies -- SBI Virtual Currencies, this summer, we will finally be scheduling the launch. We will do bitcoin. XRP will be handled here as well and other types of regional currencies. And also fixed rate type of currencies are what we would like to carry. For example, it might be fixed at JPY 1. And we would like to also create SBI coins, and we have all these dreams and ideas in place right now in the world. We would like to create unprecedented market through this launch.

And also for R3, there are more than 80 of the world's major financial institutions that are participating in this consortium. And whether it be Nomura, Daiwa, they are members and so are we. And we have made investments towards R3 as well. And R3 has a project, and we have decided to participate, which is Corda. We are striving to turn Corda into a global standard. And the global standard is yet to be decided. Ripple is focusing on this area. We are focusing on Ripple as well as Corda and R3. If there are other types of technology available, we would like to also look at that as well. That's how valuable it is. And currently at this point in time, the conclusion has not yet come out. However, for this consortium, there are more than 80 financial institutions that are participating. And   :-* our partner, Ripple, ;D has more than 75 distinguished financial institutions as members. And in Japan, a lot of initiatives are underway by using Ripple.

So strengthening alliances with FinTech investee venture companies is another area I'd like to talk about. APIs, Application Programming Interfaces, and turning this open is something that will become increasingly important. Because the FSA are always telling financial institutions to be more active on this front, whether it be SBI Sumishin Net Bank, which did open up its APIs, this is something we would like to roll out to other areas as well. And considering -- we are considering API connections with about 10 technology development companies in the accounting and asset management field.

Furthermore, for a transaction lending, information from big data, cloud accounting service company-provided information is what we will be looking at to offer accounting transactions. :o

SBI Virtual Currencies are only offering 2 cryptos...BTC & XRP ...remember, this is different from the banks , xrp nostro, xrp bridging service use case.
GUYS ....  XRP is not gonna be under 10cents for much longer....when this goes live in summer (june/july) expect around 50cents to $1 by end of this yr...
when it goes mainstream along with many other worldwide organisations joining...XRP could easily go over $5 each by 2020

https://www.deepdotweb.com/2017/03/02/pathshuffle-turning-ripple-fully-anonymous-cryptocurrency/
PathShuffle – Turning Ripple Into A Fully Anonymous Cryptocurrency
Tamer Sameeh March 2, 2017

An Overview of PathShuffle:

PathShuffle was presented in a recently published paper as the first ever path mixing protocol for Ripple’s path based transactions. The paper introduced “path mixing”, a unique approach to mitigate deanonymization attacks in Ripple and credit networks in general. Path mixing assumes that each user has two wallets; an input wallet and an output wallet. The path mixing protocol will transfer the predetermined amount, let’s say β IOU, from every input wallet to every output wallet so that an attacking adversary, who controls a significant part of the network, cannot determine which pair of input and output wallets belong to whom. This is noted as “successful path mixing”.
"
PathShuffle is fully compatible with Ripple’s network as proven by the creators’ proof-of-concept implementation, who managed to successfully carry out real-time coin mixing transactions over Ripple’s network.

Thomson Reuters StreetEvents•May 1, 2017
Transcript of 8473.T earnings conference call or presentation 28-Apr-17
https://finance.yahoo.com/news/edited-transcript-8473-t-earnings-160224293.html

*
 we would like to converge as soon as possible. So FinTech 1.0, 1.5 needs the web presence, and it basically is a system that allows the exchange of information. In FinTech 2.0, you're able to exchange value over the Internet. That's the difference. And you don't necessarily need the web any longer. And blockchain, of course, can be used on the web, and DLT, Distributed Ledger Technology, is also developing. Currently, companies like Ripple or R3 Corda is adopting this technology. So we would like to take advantage of this technology to develop the system. And we would like to strive to complete the transition process from 1.0 to 1.5 to 2.0 within 3 years. And we would like to quickly reach the phase of FinTech 1.5 as soon as possible. Then how are we going to do it?
So let me talk about some details.

For example, in the area of Robo Advisor, we have an alliance with WealthNavi. From their point of view, I'm sure they are grateful, because this tie-up is doing very well. We have started to launch WealthNavi for SBI SECURITIES. And we currently already have 12,000 accounts as of April 26 ever since we launched this service, and customer assets have reached JPY 5.6 billion.

Furthermore, with Microsoft and Liquidity Market and FXTRADE, we are partnering to develop FX trading service utilizing AI. We are basically trying to complete a system, develop a system that is able to automatically respond to inquiries.

*
And creation of new financial businesses and improvement of operational efficiencies through the utilization of blockchain, a core technology of the FinTech 2.0 era, is another topic that I would like to talk about. For blockchain, in the Financial Services Business, we believe it can be applied in a variety of areas. Of course, we would like to make our business more efficient by reducing cost, so it's feasible in that way. But it can also be applied to making transactions more efficient, whether it be derivatives, bonds, commodities or repurchasing, or cross-border. Blockchain can be used in a variety of fields, and we would like to do all of the fields.

In SBI SECURITIES, they're also looking at the feasibility together with IBM to see what we could do to apply blockchain to the financial market infrastructure for bond-processing operations. :o

For Virtual Currencies -- SBI Virtual Currencies, this summer, we will finally be scheduling the launch. We will do bitcoin. XRP will be handled here as well and other types of regional currencies. And also fixed rate type of currencies are what we would like to carry. For example, it might be fixed at JPY 1. And we would like to also create SBI coins, and we have all these dreams and ideas in place right now in the world. We would like to create unprecedented market through this launch.

And also for R3, there are more than 80 of the world's major financial institutions that are participating in this consortium. And whether it be Nomura, Daiwa, they are members and so are we. And we have made investments towards R3 as well. And R3 has a project, and we have decided to participate, which is Corda. We are striving to turn Corda into a global standard. And the global standard is yet to be decided. Ripple is focusing on this area. We are focusing on Ripple as well as Corda and R3. If there are other types of technology available, we would like to also look at that as well. That's how valuable it is. And currently at this point in time, the conclusion has not yet come out. However, for this consortium, there are more than 80 financial institutions that are participating. And   :-* our partner, Ripple, ;D has more than 75 distinguished financial institutions as members. And in Japan, a lot of initiatives are underway by using Ripple.

...

Furthermore, for a transaction lending, information from big data, cloud accounting service company-provided information is what we will be looking at to offer accounting transactions. :o

SBI Virtual Currencies are only offering 2 cryptos...BTC & XRP ...remember, this is different from the banks , xrp nostro, xrp bridging service use case.
GUYS ....  XRP is not gonna be under 10cents for much longer....when this goes live in summer (june/july) expect around 50cents to $1 by end of this yr...
when it goes mainstream along with many other worldwide organisations joining...XRP could easily go over $5 each by 2020

Ripple Reddit user...ripcurldog (thanks m8)

https://ripple.com/files/xrp_cost_model_paper.pdf
Very informative, highly reccomend every Rippler reads this.


*As a digital asset, XRP is a useful trading instrument to reduce spreads and expedite market
thickness. In this paper, we will dive deeper into this concept. We will compare how cross-border
payment processing works in legacy systems versus on Ripple and on Ripple using XRP as a
bridge asset. We will detail an industry-first ROI analysis of distributed financial technology and
digital assets for global interbank transactions.

*
Page 6
The Cost-Cutting Case for Banks - The ROI of Using Ripple and XRP for Global Interbank Settlements
Ripple. All Rights Reserved.
Economic Implications of a Universal
Bridge Asset
Banks currently incur significant infrastructure costs processing cross-border payments.
Employing Ripple and XRP can help banks eliminate or lower these costs:
•
Foreign Exchange:
The cost of spread for the purchase and sale of a currency pair in
the wholesale market at institutional rates. This spread can be between fiat currencies or
between fiat currency and XRP held on the bank’s balance sheet. When XRP is used, the
model assumes that banks hold XRP on their balance sheets and provide their own liquidity
for FX transactions. Third-party market makers can also be used.
•
Currency Hedging:
 The cost of hedging a basket of currencies held in nostro accounts
globally.
•
Treasury Operations:
The funding cost required to maintain account minimums, the
overhead of managing currencies and counterparties across accounts, and the cost of
occasionally rebalancing
7
 cash between those accounts locally and internationally.
•
Liquidity:
 Liquidity costs have two components: the cost of capital locked “in-flight” as an
international wire is processed (typically two days) and the time to fund the local nostro
account (typically one day depending on the local rail). Liquidity cost can be calculated as the
cost of funds applied to the time-weighted average amount of capital locked up.
•
Payment Operations:
 The manual intervention cost of exceptions and error handling
requiring headcount and the cost of using local rails.
•
Basel III (LCR)
8
:
 The opportunity cost to the sending institution of holding lower-yielding,
high-quality liquid assets (as designated by pending Basel III regulations) against credit
exposure during the in-flight period.
For a representative respondent bank
9
 with $12 billion in annual payment volume (across 5
corridors, 157,000 transactions/month, global average transaction size of $6,300 for international
transactions) and a 6 percent cost of capital


*
page 9
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. :o
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

page 11
This model includes a conservative assumption of hedging costs with initially high volatility of
XRP. However, institutional holdings and active trading of XRP can greatly reduce the volatility of
XRP, significantly lowering the hedging costs. In a low volatility state, assuming the volatility of
XRP is the same as that of a basket of liquid global currencies, :o  costs can decrease an additional
3.8 bps ($10 billion system-wide)
21 or 60 percent compared to the current system, translating to
total system-wide cost savings of over $33 billion annually with lower volatility of XRP.


An incentive program stimulates XRP adoption in market making by rebating liquidity providers
for quoting against XRP in the immediate term, thereby supporting spread reduction over time
against a new asset. The incentive serves to offset volatility risk for market makers and provides
an algorithmic distribution schedule for XRP. As adoption and use of XRP increases, so does its
liquidity and price stability.
More gd info
https://ripple.com/files/ripple_vision.pdf
What’s in it for third-party liquidity providers?
Through its novel design, Ripple facilitates competitive bidding on liquidity provisioning.
Third-party market makers, such as hedge funds, enjoy access to an entirely new and ever-
growing opportunity to provide liquidity for global payments, profiting from spreads.  :o

Additionally, as a remainder unlike Bitcoin, ETH etc which are "Inflation" currencies that increase their supply over time, Ripple is Deflationary. Meaning, NO new coin can ever be mined/created, and Supply reduces over time as every transaction destroys certain amount of XRP.

I dont understand this fact about Ripple. Are there any official statistics? How many XRP are being destroyed per transaction? What if all XRP are getting destroyed? Can they "produce" new XRP? How many years it would take until all XRP are destroyed?

XRP spent as transaction fees are destroyed. The default transaction fee is currently 10 drops (=0.00001 XRP). There should be enough XRP to last for thousands of years despite this destruction. If the value of XRP changes, the transaction fee can be adjusted by the consensus of the network.

The rate of loss of XRP due to losing passwords is thousands of times more significant compared to the amount lost as transaction fees.

Because XRP are divisible, even if only 1 XRP remained, it could be divided up among the users of the network and be enough for the whole world to use.

Sources : https://ripple.com/build/transaction-cost/
and https://wiki.ripple.com/Ripple_credits

One of the major fears about Ripple has been uncertainty about their supply and what if Ripple releases too much of their supply into market, thereby suppressing price.  Although, Ripple being a Licensed, Regulated,
 and Registered company that can be 'Sued' in court for fraud has eliminated much of this worry.

But seems like Ripple wants to be world class in every. among the internal community.

In their internal community, 'Rumors' are dense about Ripple releasing an extensive lock-up agreement spanning a whole decade and more.  removing all market worries about supply.

What does this mean ?

1.) Suddenly All worries about supply will be defeated in one official move.
2.) The supply available will only be the current supply.
3.) Overnight will make XRP lot more precious, valuable and most probably will spike up price greatly given so many use-cases and no more new supply in the horizon.

Additionally, as a remainder unlike Bitcoin, ETH etc which are "Inflation" currencies that increase their supply over time, Ripple is Deflationary. Meaning, NO new coin can ever be mined/created, and Supply reduces over time as every transaction destroys certain amount of XRP.


people are closely watching for hints in this years Consensus2017 event ( by Coindesk ) (https://twitter.com/coindesk/status/859105209854906373)

and it does not end there. Its also rumored that Ripple will use their on-platform escrow feature to enforce this lockup and show off to the feature to their customers. (Ripple has on-platform cryptographically secure escrow that does not depend on 'any' external services)

I have given head's up, i think once this is done, There is no stopping XRP's higher evaluation. and My personal guess is Much higher.

Good luck everybody !

This will be amazing for XRP valuation.  Thanks for the info.

One of the major fears about Ripple has been uncertainty about their supply and what if Ripple releases too much of their supply into market, thereby suppressing price.  Although, Ripple being a Licensed, Regulated,
 and Registered company that can be 'Sued' in court for fraud has eliminated much of this worry.

But seems like Ripple wants to be world class in every. among the internal community.

In their internal community, 'Rumors' are dense about Ripple releasing an extensive lock-up agreement spanning a whole decade and more.  removing all market worries about supply.

What does this mean ?

1.) Suddenly All worries about supply will be defeated in one official move.
2.) The supply available will only be the current supply.
3.) Overnight will make XRP lot more precious, valuable and most probably will spike up price greatly given so many use-cases and no more new supply in the horizon.

Additionally, as a remainder unlike Bitcoin, ETH etc which are "Inflation" currencies that increase their supply over time, Ripple is Deflationary. Meaning, NO new coin can ever be mined/created, and Supply reduces over time as every transaction destroys certain amount of XRP.


people are closely watching for hints in this years Consensus2017 event ( by Coindesk ) (https://twitter.com/coindesk/status/859105209854906373)

and it does not end there. Its also rumored that Ripple will use their on-platform escrow feature to enforce this lockup and show off to the feature to their customers. (Ripple has on-platform cryptographically secure escrow that does not depend on 'any' external services)

I have given head's up, i think once this is done, There is no stopping XRP's higher evaluation. and My personal guess is Much higher.

Good luck everybody !

@f0rmdeep,

The txids you provided belong to accounts (excluding Reise bank) that have been activated by Ripple Employees. These accounts show activity ~9 months to a year, that indicates a testing of sorts, and not day-to-day use.

For example, NBAD that is reportedly 'live' since January, does not report any txs, nor issuing wallets. There is no transactions in recent ledgers in NBAD related IOUs.
Could you provide a txid for a recent NBAD transaction?

Until we have a press-release by a bank, that says "Yo, we integrate Ripple. Here's our wallet addresses and IOUs (as per Ripple's gateway guidelines)", you may only guess that the entities transacting behind these wallets that match a market/asset of a suspected FI do indeed belong to a said FI.

Also, where did you get the info about SBI VC implementation specifics?

@f0rmdeep,

Thank you for such a detailed response.

I am aware of the pdf you mentioned, but it does not mention how SBI is going to use RCL specifically as a back-bone for their exchange (as in trading SBI.IOUs). The fact that you seem to be aware of, judging by your posts here.

Ripple's distributed ledger solution is no longer RCL only. FIs are adopting RC Cloud, which is a separate piece of software. It does include RCL as a routing option for payment paths, but that's just it - RCL is one of the many ILP-connectors out there. JoelKatz (Ripple's Chief Cryptographer) has shared that no FI found implementing RCL (for issuing its own IOUs, as per Ripple Gateway Guidelines) appealing (due to concerns of privacy and some other).

There are 12+ banks that have reported implementing Ripple's solution. But the volume on RCL (see RippleCharts for instance) is not indicative of any kind of industrial-grade payment volume. If RCL (and XRP) were compulsory - this wouldn't have been possible.

so centralised entity promises not to let go of more hoarded and centralised tokens. that's real nice of them.

no doubt ripple will continue to be huge. it also really should never have been lumped in with cryptocurrencies.

so centralised entity promises not to let go of more hoarded and centralised tokens. that's real nice of them.

no doubt ripple will continue to be huge. it also really should never have been lumped in with cryptocurrencies.

So does Ripple have the potential to become a 100 dollar coin in 10 years from now?

i don't think so... i don't think it will ever be 100 usd by real usecase ..

, but 3 to 5  dollar coin by 2018 Summer - we can bet on it with great mathematical certainty.


just based on international remittance market, XRP will need to be 3 dollars to move even 20% of current market value.

now this is without speculation and trading .. so with those two added, can it go much higher .. hmm.. i would say yes !

lets see ...

I like the way you said that. 2018 is a pretty quick. That would mean almost every week it will be significantly higher then the week before that.

my oh my, the Ripple cultists are going to have a bad awakening, this is worse than Onecoin  ;D

When xrp was worth 5 cents, experts told me that it is almost impossible for xrp to reach 10 cents as it will require 300 billion to reach that value so i stayed out, now within no time it has almost reached 20 cents lol where is so much money coming from? Im shocked..

well the powers that be that control the flow of ripple into the world....how much of that has to do with just them turning off the taps and letting people
scramble in their 'thirst' for the coin..I mean it is all frigging artificial right...with the ripple foundation having 88% of the coin themselves I heard

looks more 'pyramid schemey' then the usual crypto games imho

well the powers that be that control the flow of ripple into the world....how much of that has to do with just them turning off the taps and letting people
scramble in their 'thirst' for the coin..I mean it is all frigging artificial right...with the ripple foundation having 88% of the coin themselves I heard

looks more 'pyramid schemey' then the usual crypto games imho

If Ripple does end up integrating with major banks are we talking a trillion dollar market cap in 10 years?

Will ripple go even higher ?

XRP reached 14k in no time... i think this is the fastest of a coin

XRP reached 14k in no time... i think this is the fastest of a coin

^legendary lol..god help us
yea so true, your so smart, can you teach me more of your wonderful knowledge  :P ...onecoin and xrp are both the same, both worth billions, ....both have excellent dev teams and work with the elites of the financial world.  ::)

Onecoin? really? LOL.  

---

Well  I can say locking up supply is a good move from XRP.  This might be a propaganda or a scheme, good news then coupled with some hype plus price pumping to excite supporters and those who are watching from the outside to lure them in and join the community  ;D.  I can say wise decision XRP dev.  Now where is the bull trap?

Many seem very clueless about what XRP actually is.. ..

.... Our goal in distributing XRP is to incentivize actions that build trust, utility and liquidity in the network.

.... Said another way, we will engage in distribution strategies that we expect will result in a stable and strengthening XRP exchange rate against other currencies.

blablabla

In their internal community, 'Rumors' are dense about Ripple releasing an extensive lock-up agreement spanning a whole decade and more.  removing all market worries about supply.

XRP and STR are bridge tools, not currencies.... educate yourself before you pour all your money in here just because you read about banks and central banks... this is NOT a currency and never will be...

Correct. XRP and STR are currentyl being hyped and shilled massively. It is all about finding a greater fool (google greater fool theory).

They are not cryptocurrencies.

Few people get rich on expense of many people who get shafted....  ;D

^
concern troll with legendary status...wow  :D

dude you need to work much harder to get your XRP back that you sold so cheap lol

I never owned that fiat-token, of course I wish I did, ::) so I could sell it to some noobs now and make a profit<---you did this and now regret it as xrp has grown so much since you sold.

but there are other coins that I prefer

You see I do not want to send ID papers to Ripple some day, just in order to unlock my wallet LOL

https://bitcointalk.org/index.php?topic=1910981.0

gives the OP's usage of the word "LOCK-UP" a whole new meaning, hehehehe....  ;D

Guys, can anyone tell me what is most likely to happen to the price of Ripple if there were to be a worldwide financial crash. Lets take the 2008-2008 housing crisis. If the same even occured, would the price go up or down....
Thanks

but there are other coins that I prefer

Nobody answered my question... Any thoughts??????

Guys, can anyone tell me what is most likely to happen to the price of Ripple if there were to be a worldwide financial crash. Lets take the 2008-2008 housing crisis. If the same even occured, would the price go up or down....
Thanks

If you never owned these "fiat currencies", leopard2, why waste your time ranting about them? I have enough human knowledge to distinguise between people giving their honest opinion and those who have higher motives.
The crypto space is full of useless, redundant, scam coins. But do I waste my time in the topics of those coins going on a crusade against them? No. Because I don't fucking care others speculate on those coins. I have nothing to gain by talking people out of their chosen coins. It does not cause the price of Bitcoin to sink, because the Bitcoin do not get sold. Merely swapped hands in exchange for the respective (scam)coins.
If your motive is to get more BTC inflow into the order books of the altcoins you are invested in... then realise you are mopping with the water faucet running. New altcoins are going to surface faster than you can write your crusade posts.

Let me guess... Doge ? Bela ?

I'm also planning to lose all my money within 2017

This thread was likely started as comedy.
(see $1 prediction on page 1 and so on.  Why would Ripple be worth more than x times the sum of bitcoin, swift and all other cryptocurrencies combined?)

Ripple is priced 35 times higher than a few weeks ago.
News April:  hiring a leading SWIFT employee.
Old/constant news: Talking to banks, more banks,  but are all who have been talking previously still wondering to become clients one day? Will ripple reduce the banks counter by ~0.5 for each one that is rather undecided/sceptical?

Well guys, you might have time to take a look at GNT, SYScoin, NEM and Humaniq. Good tech on those coins. Might cost a fortune one day.

Are you ready for this weekend, news! Ripple Unveils Strategy to ‘Become More Decentralized than Bitcoin:

Prominent FinTech payments firm Ripple has announced a strategy that it believes will ultimately make its blockchain more decentralized than Bitcoin.

Ripple’s technology chief Stefan Thomas has revealed a three-point strategy toward making Ripple’s blockchain, the Ripple Consensus Ledger (RCL), more secure, efficient and decentralized than Bitcoin.

In a blog published today, Thomas stated:

    A key benchmark that we aim to achieve is to become more decentralized than Bitcoin, which at the time of writing is 51% controlled by just five mining pools. This means the largest five pools working together could achieve a 51% attack and reverse transactions (double spend) at will. For Ethereum, this number is even lower: only three pools are needed for a takeover.

Created in 2012, the RCL was developed as an enterprise-ready public blockchain – in contrast to bitcoin – geared for banks and payment providers to process cross-border payments. The RCL also serves as the root ledger for XRP, Ripple’s native digital asset.

Ripple has fielded criticism from the crypto community since its release, with the most common accusation of being a centralized network.

For its part, the decentralization of the Ripple blockchain was a process that began ‘right at its inception’, according to Thomas. “We intentionally haven’t rushed the process and have been making continuous progress all along.”

The path toward decentralization is now a priority, as Ripple ropes in more customers in banks and payment providers around the world, underlining the need to diversify the validator nodes to form a more robust and resilient blockchain.

The strategy involves three fundamental steps.

First, is Ripple’s foray to diversify the validator nodes on the blockchain. “Today, RCL has 25 validator nodes running, but continuing to grow and diversify this list of recommended validator operators is a priority for us,” wrote Thomas. The ultimate aim is to further avoid the risk of a single point of failure, with diversification of nodes across several geographical locations and software platforms.

Secondly, Ripple will recruit attested validators to the network. It will monitor new validators joining the current set of 25 nodes, checking their performance on “consensus agreement rate, uptime, verification of identity and public attestation.”

Finally, Ripple will add attested validators to its Unique Node Lists (UNLs). A UNL is a list of transaction validator nodes that are seen as ‘trusted’ validating nodes operated by Ripple. The company’s plan is to phase out the nodes it controls, replacing them with attested third-party validators until no single operator controls a majority of trusted nodes on the blockchain.

“Over the course of the next 18 months, for every two attested third-party validating nodes that meet the objective criteria mentioned above, we will remove one validating node operated by Ripple, until no entity operates a majority of trusted nodes on the RCL,” Thomas revealed.

He further stated:

    To match Bitcoin, RCL would need just 16 trusted validators. Add more, and the number of tolerable faults increases accordingly. In other words, RCL will not just meet, but exceed the decentralization level of other public blockchains.

The Ripple executive also contends that Ripple has the upper hand on Bitcoin due to the way the blockchains reach consensus. Thomas claimed that Ripple validators are less likely to be malicious or attacked successfully since they are chosen on ‘merit’. Unlike Bitcoin validators, chosen based on their proof-of-work (PoW) mining.

“Bitcoin chooses validators solely based on their mining power, which actually deincentivizes security,” Thomas wrote. “Security measures cost money, but don’t improve on the speed of mining.”

Earlier this year, Ripple laid claim to match the transaction output of Visa, the world’s largest payments network with 70k transactions at an average time of 3.7 seconds.

https://www.cryptocoinsnews.com/ripple-unveils-strategy-become-decentralized-bitcoin/

woaaa :o :o

So please let us know, which coin YOU prefer.
And if there is one, your opinion up there is worthless.
Because NO coin should have your trust.
Even the highly volatile BTC in the mangle of a thumb civil war fighting mass is nothing for you.
When this here is comedy, you are the best comedian of all...

This thread was likely started as comedy.
(see $1 prediction on page 1 and so on.  Why would Ripple be worth more than x times the sum of bitcoin, swift and all other cryptocurrencies combined?)

xrp is rising constantly cent per cent its not much be seem to be getting there already. if we talk about marketcap, xrp has it than those hundreds of coins trying to climb up the ladder.  the last time i've bought some of xrp was the time when its price was $0.08. i thought it won't rise up to $0.22, good thing i hold on to it.

XRP is currently playing at 2nd and 3rd spots competing with eth. But i think eth will still prevail, I see that XRP price surge up atm because of the future listing on Bithumb, Koreas biggest exchange, but I honestly think it should not rise that much high because of that only. Its a hype in my opinion, which people is having a FOMO effect.

Because Ripple does something that no other cryptocurrency does.

It is taking a share of SWIFT's load. Even an extremely conservative 3% SWIFT load (that is 300 Billion USD by the way) moving on RCL/xrp/rccloud would mean XRP will have to be between 2 to 4 USD to be liquid and act as counter party free collateral. additional value helps re-conciliation.

now that's not that hard to get is it? .. anyways ..Go figure !

and the speed Ripple is moving with partnerships, i woudl say its going to bite a lot more then the tiny 3% i mentioned for calculation.

#PS Warning to other: btw @regexlove,  @leopard2 and few more .. are well known Ripple haters. Before taking anything they say seriously, look up every word they type, and read and verify, chances are everything they say will be a lie. something they troll openly, other times they come uninvited to threads like this and deceptively leave remarks.

You are so full of shit. At best XRP will be used as a bridge. You just spew shit without backing it up with any sources.

Here is the 2016 case that Ripple makes to banks to use XRP:

https://ripple.com/files/xrp_cost_model_paper.pdf

They have moved on too a new proposal that doesn't even mention XRP:

https://ripple.com/files/ripple_solutions_guide.pdf


Their main site still presents a case for it to be used as a bridge but even acknowledges that XRP is not needed:

https://ripple.com/xrp-portal/

$0.3 wow! https://www.coingecko.com/en/price_charts/ripple/usd
Centralization. I supposed you can think of buying Ripple like investing into a company

SoMuchDerp you sucks  ;D ;D ;D

Reality sucks for you? Don't worry it is making you money so you don't have to care about reality. I doubt you are in this for anything else.

LOL :-)

 ETH DAPPS To use Ripple for settlement, win win combination  (https://twitter.com/Interledger/status/864220879819083776)
ETH and Ripple Live demo (https://twitter.com/Chan_Maddanna/status/864226795230568448)

https://i.imgur.com/kXfphXT.png
https://i.imgur.com/MphVIWA.png

You still alive ? hope your own hatred does not burn you down, have a good rest !

LMAO

This is a demo for Interledger, for which Ripple's latest plans don't include XRP. https://ripple.com/files/ripple_solutions_guide.pdf

Any crypto could be used for settlement in that demo. is this supposed to be a rebuttal to the official sources I cited?

One of the major fears about Ripple has been uncertainty about their supply and what if Ripple releases too much of their supply into market, thereby suppressing price.  Although, Ripple being a Licensed, Regulated,
 and Registered company that can be 'Sued' in court for fraud has eliminated much of this worry.

But seems like Ripple wants to be world class in every. among the internal community.

In their internal community, 'Rumors' are dense about Ripple releasing an extensive lock-up agreement spanning a whole decade and more.  removing all market worries about supply.

What does this mean ?

1.) Suddenly All worries about supply will be defeated in one official move.
2.) The supply available will only be the current supply.
3.) Overnight will make XRP lot more precious, valuable and most probably will spike up price greatly given so many use-cases and no more new supply in the horizon.

Additionally, as a remainder unlike Bitcoin, ETH etc which are "Inflation" currencies that increase their supply over time, Ripple is Deflationary. Meaning, NO new coin can ever be mined/created, and Supply reduces over time as every transaction destroys certain amount of XRP.


people are closely watching for hints in this years Consensus2017 event ( by Coindesk ) (https://twitter.com/coindesk/status/859105209854906373)

and it does not end there. Its also rumored that Ripple will use their on-platform escrow feature to enforce this lockup and show off to the feature to their customers. (Ripple has on-platform cryptographically secure escrow that does not depend on 'any' external services)

I have given head's up, i think once this is done, There is no stopping XRP's higher evaluation. and My personal guess is Much higher.

Good luck everybody !

This is a demo for Interledger, for which Ripple's latest plans don't include XRP. https://ripple.com/files/ripple_solutions_guide.pdf

Any crypto could be used for settlement in that demo. is this supposed to be a rebuttal to the official sources I cited?

If that's the case then I should really hold on to my XRPs. Great analytical thinking bro! Hopefully I'm right trading it for long term instead of short term.

I have invested in ripple to and i think it is going to be one of my best investments. Thats true what you are saying, not to 100% but it is true that XRP (the Cryptocurrency) is not really needed, but Ripple was made  for banks to do business around the world, they open accounts called nostro accounts that must be filled with local currency. Ripple argues this results in a waste of capital that the trials were designed to showcase.

First, Ripple contends that value is lost because currency that must be held in the account is capital that could be invested elsewhere – and adding liquidity to these accounts costs money. Second, if a customer needs to do business with the bank for an amount that exceeds what is in the nostro account, days-long delays can result.

Still, the ability for Ripple's distributed ledger to operate without a currency has proved appealing to an increasing number of financial institutions that are otherwise wary of the stigma surrounding bitcoin.

Such sentiment led Ripple to launch a report earlier this year which aimed to showcase the cost savings that using a digital currency with a distributed ledger could achieve.

Released in February, Ripple argued that its tech could provide banks with a 33% savings on international payments. Yet, this figure rose to 42% when digital currencies were used to facilitate the trades.

Indeed, the increasing use of Ripple's technology without a digital currency led to market confusion about the company and its goals, a fact acknowledged by CEO Chris Larsen in a March interview with CoinDesk.

"We could do a better job of communicating that XRP is essential to the Internet of Value," Larsen said at the time.
http://www.coindesk.com/global-banks-test-ripples-digital-currency-new-blockchain-trial/

Without XRP banks are saving 33% on international payments, with XRP they are saving 42% of international payments (and that's a lot in comparison to 33%).

I don't know, in my opinion it was and it is a good investment, but everyone thinks different and at least it is all speculation, so no one can know what will happen, but i think Ripple(XRP) is going to break the 100$ mark in the next 2 years (IN MY OPINION!), 'cause there are so many other  factors which must be considered.

... cut ...

100$ will mean 10 trillion$ market cap for ripple. Apple has 800 billion$ market cap, and it has products that are valued. Please do not blabber anything just for the sake of posting.

Just a fraction of a  percent of Xripoff need to hit the exchanges, orderbooks will dive to zero, I guess if Polo goes bellyup that will have the same effect..

Tulip bubble was nothing compared to this, at least there was some tulip bulbs behind the trillions. XRP is hot air

Clue to XRP camels: check out souk al-manakh LOL  :D :D :D :D

The Souk Al-Manakh stock market crash was the 1982 stock market crash of Kuwait's unofficial stock market, the Souk Al-Manakh. The Al-Manakh market was housed in an air-conditioned parking garage that had formerly been a camel trading venue,[1] and specialized in highly speculative and unregulated non-Kuwaiti companies. At its peak, its market capitalization was the third highest in the world, behind only the U.S. and Japan, and ahead of the U.K. and France.

Market cap, yay!!  ::)

I love this part "The crash prompted a recession that rippled through society..." LMAO ;D

vsyc hates me cuz he needs sheeple to dump his xrp on, at $1  :-*

Ripple is just hype, all the partnerships announced with banks are about them using the blockchain technology and the company behind ripple but not the currency. Yes some ripple is burned in the process but its a minimal amount and the banks will never use it directly.

The lock-up may sound great but first of all its only a temporary measure and second of all even if the rest of the coins were burned instead of locked up there is still little actual use for the currency at the prices and supply currently available. Now if the amounts burned for transactions were bigger and not simply a spam prevention filter the whole thing would be much different.

Ripple isn’t creating any other cryptocurrencies or proprietary coins for banks. XRP is it. That means that Ripple success directly equals XRP success.

http://www.huffingtonpost.com/entry/591cb3bee4b0b28a33f62915

Ripple is just hype, all the partnerships announced with banks are about them using the blockchain technology and the company behind ripple but not the currency. Yes some ripple is burned in the process but its a minimal amount and the banks will never use it directly.

The lock-up may sound great but first of all its only a temporary measure and second of all even if the rest of the coins were burned instead of locked up there is still little actual use for the currency at the prices and supply currently available. Now if the amounts burned for transactions were bigger and not simply a spam prevention filter the whole thing would be much different.

This is how crypto market going, the coin price can be more expensive than the value itself.

Or undervalued.

Just bouth some XRP and plan to buy around 20k$ on Monday from Kraken (planed to buy them today, but don`t like the creditcard option to buy XRP and even got scammed by bogus services). XRP is going to hit 1$ price by the end of the summer. After that 5-10$ by the end of the 2017.
Join the ship and fly to the moon.

$1 with $40,000,000,000 market cap  :)
$5 with $200,000,000,000 market cap  :D
$10 with $400,000,000,000 market cap  ;D

If you take into account only circulation supply 38,290,271,363 (Total supply 99,994,628,433).
$1 will hit when jump over the bitcoin or the entire market will increase

I am still waiting for the so called shoot up,i am not seeing any difference in the price

Ripple is slow, slow, slow and then BOOM 10x!

BTW Check this chart, XRP - LTC correlation https://www.tradingview.com/chart/XRPBTC/uSChM8V7-Litecoin-as-an-indicator-of-ripple-price-action/ (https://www.tradingview.com/chart/XRPBTC/uSChM8V7-Litecoin-as-an-indicator-of-ripple-price-action/)

The whole Agenda is surrounding RIPPLE....

I feel sick in my stomach... Feels like a trillion dollar is gonna be put onto ripple all at once I feel.

https://www.money2020europe.com/agenda#day:26-06-2017

Sounds impossible at the moment. But hey, this is crypto! Everything is possible!! More power to RIPPLE and XRP!

so many people also said that it was impossible to break 10k sat while the value still @ 400 sat 3-4 moths ago but as we seen how big the value jumped after those speculation and now its still moving forward and there's a lots to expect coming out from the team.

Well. Isn't June is over?
Where? What kept them from finally solve this lock-up issue?
Is that such an impossible task?

Well. Isn't June is over?
Where? What kept them from finally solve this lock-up issue?
Is that such an impossible task?

I have invested in ripple to and i think it is going to be one of my best investments. Thats true what you are saying, not to 100% but it is true that XRP (the Cryptocurrency) is not really needed, but Ripple was made  for banks to do business around the world, they open accounts called nostro accounts that must be filled with local currency. Ripple argues this results in a waste of capital that the trials were designed to showcase.

First, Ripple contends that value is lost because currency that must be held in the account is capital that could be invested elsewhere – and adding liquidity to these accounts costs money. Second, if a customer needs to do business with the bank for an amount that exceeds what is in the nostro account, days-long delays can result.

Still, the ability for Ripple's distributed ledger to operate without a currency has proved appealing to an increasing number of financial institutions that are otherwise wary of the stigma surrounding bitcoin.

Such sentiment led Ripple to launch a report earlier this year which aimed to showcase the cost savings that using a digital currency with a distributed ledger could achieve.

Released in February, Ripple argued that its tech could provide banks with a 33% savings on international payments. Yet, this figure rose to 42% when digital currencies were used to facilitate the trades.

Indeed, the increasing use of Ripple's technology without a digital currency led to market confusion about the company and its goals, a fact acknowledged by CEO Chris Larsen in a March interview with CoinDesk.

"We could do a better job of communicating that XRP is essential to the Internet of Value," Larsen said at the time.
http://www.coindesk.com/global-banks-test-ripples-digital-currency-new-blockchain-trial/

Without XRP banks are saving 33% on international payments, with XRP they are saving 42% of international payments (and that's a lot in comparison to 33%).

I don't know, in my opinion it was and it is a good investment, but everyone thinks different and at least it is all speculation, so no one can know what will happen, but i think Ripple(XRP) is going to break the 100$ mark in the next 2 years (IN MY OPINION!), 'cause there are so many other  factors which must be considered.

Sorry for my bad english :D.

I predict Ripple will hit at least 2.5$ by this year.

Hope you all bought Ripple. The prediction of 2.5$ This year was accurate. Enjoy the moon ride!

Haven't been following this one, did Ripple lock-up happened?

Is the circulating supply showing in coinmarketcap the final one? (38 739 144 847 XRP)

Did anyone have a problem when confirming the phone at the gatehub? Already that day I can not register properly. Is there a decent alternative for storing XRP?  :-\