Bitcoin Forum

Link:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

This is great news and I suddenly trust Ripple alot more than I used to. I'm currently going to hoard some ripple for myself. I'm also curious how this will affect the price of ripple since it already has been in a really big uptrend.

They can still release 12% immediately as well as being able to release a portion of those 88% every month. They were never going to flood the market as that would crash the price so this is the smartest way to do it for them to maximize their return.

I think most ripple fans will see this as good news but I see it as the opposite.

This is hilarious.  :D

A centralized entity ..a corporation says that and you think it's good ? WOW  ::)

Since they decided to do what ever they want when ever they want.. what is stopping them from uhh
Doing what ever they want when ever they want ? ahhahahhahaha

In other words taking their word for things or trusting them is utterly pointless beyond comprehension.

Its called a Pump and Dump.
Pump it then announce you Dump (release) 1b a month, classical.
https://i.imgur.com/Ik0lH7w.png
Ripple tard will tell you it is normal natural growth. 

Read between the lines, they are not locking it forever. 1 billion XRP will be available for them each month so they can dump it slowly into the market.

So many billions of Ripple make me feel too scared now to invest in it especially after the recent price hikes. I am not sure where it is going but for those who got in early and are very much in profit this could be good news. I am not sure though that entering at this point in the Ripple market would be a beneficial move.  I could be wrong though and it may moon even further afield.

You all are suckers to buy into this blatant scam.

as opposed to buying into...?

Oh, I don't know, maybe something that will help continue to grow the innovations that decentralized cryptocurrency makes possible? Or we could continue to divert all funds to a centralized company and slowly bleed out until they have satisfactorily crippled the promise of a future that includes financial freedom.

Won't it be great when FinCEN orders Ripple to require their already AML/KYC customers to be Accredited investors? Then we can go back to the good old days before Bitcoin, when only those with a million dollars in their savings account get to invest in startups? Yeah, digital Fiat will be awesome. We should definitely buy into this scheme.

I agree, this price hike is surely a bubble, billions of coins to be release in series, that is what we called epic dump with consent since supporters even agree and happy with it ;D.  They said it is deflationary, deflationary what? Burning 0.0000001 every transaction? ugh...  just imagin how many transaction it needs to burn  1 whole XRP.

you act as if ripple is the only thing which exists... you have choices. the entire point of business is competition. just because you're a crypto anarchist who doesn't believe in their vision/direction, doesn't equate them to a scam, fraud, pyramid scheme... they provide a solution to a problem, as other coins do for other things. you can stick to bitcoin or seashells, no one cares what you do.

You make a fair point here but I think a lot of people are missing the fact that XRP is a very small and highly speculative part of the solution that the company, Ripple, provides. The prospectus that they are currently providing banks emphasizes Interledger and to even my surprise they completely removed any mention of XRP as part of the solutions they offer. I do realize that people involved in interledger are using XRP to do tests and whatnot but people are continuing to conflate XRP token with Ripple tech.

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

Edit: Seriously, please go through all 26 pages of this guide. It is a redraft of their 2016 guide and XRP is removed from it. You can see each individual use case broken down in detail as it was before. But this time around they no longer are presenting the token XRP for use. They have been mentioning the RCL separately as another product in which banks may be able to be market makers procuring XRP for use as a bridge currency but it no longer seems to be the focus. It is all there and plain to see, nothing to refute about it at this point. If I were deep in XRP at this point I'd take the time to really dig in to what the facts are surrounding the token XRP and it's future. No doubt that Ripple, the company, is doing well. It just remains to be seen how many of the speculative claims about XRPs actual use will pan out.

If they can lock, they can unlock

In BTC, it would take the majority of millions of users, to change market cap

Ripple have Admin privileges so they can do what they want; worst case they create XRP 2.0 (perhaps when they get national security letter because Iranian banks own XRP) and abandon the old XRP or something like this.  ;D

Or one Jihan Wu saying: "This it, to the BU miners! 51% Attack on BitCoin!". Impressive whole BTC faith in some random Chinese miner :D ROFL

Wrong topic. Since you bring it up, first they need 51% and even then if most nodes, users, exchanges and infrastructure doesn't follow their chain it essentially becomes an altcoin no different than the hundreds of other Bitcoin clones out there. This is the reality based on sentiment. Financial suicide for Jihan Wu. It is advantageous to threaten a hostile fork, but not viable. What does any of this have to do with XRP?

I will quote the article here in case someone tries to argue against it. Please look at the quote below. This is a signal from the team of Ripple themselves that they will be selling 1 billion XRP a month. The only good I see about it is at least they have made everything transparent to everyone what they want to do. Maybe it is also a needed public announcement to protect themselves from the SEC.

To help give potential future XRP owners certainty that the market won't be flooded with this trove of cryptocurrecy, Ripple built 55 smart contracts using its own escrow feature released for public used in March, each holding 1 billion XRP and expiring on the first day of every month for a period of 54 months.

As each contract expires, the cryptocurrency will briefly become available for Ripple to use as it sees fit.

If the coins still exist then they could release them later right? It may help the price now but hurt it later.

Typical Coindesk propaganda, which part owns Ripple.

Ripple is a huge step backwards for crypto, its bankers wet dream. I'm going to enjoy this big fat Ripple dump

Acchain is China's block chain project called the asset collection chain, it is completely open source assets of the digital platform and tools to let the world's assets flow up to barter.You can go to the official website of the asset chain to see more information.https://www.acchain.org/en/index.html

Is it a good time to sell XRP?

Look, XRP could go to 500 Billion marketcap. It is centrally controlled and can be manipulated to great heights. But the higher it goes the more likely FinCEN or the SEC steps in. Ripple already got in trouble with FinCEN and may be violating their agreement. The bottom could drop out any time. Aside from that XRP holds no real value. It isn't even being used by Ripple anymore. https://ripple.com/files/ripple_solutions_guide.pdf

It is sucking the capital out of decentralized projects and it is doing a fantastic job of it. So is it a good time to sell XRP? In my opinion, yes. You may then be able to live up to your "smartbitcoininvestor" namesake. If you stay in XRP maybe you will make a lot more money than you can rename yourself "luckyshitcoingambler"  :D 

In the end only you can decide what's best for you. Good luck.

Bruh.. This was sarcastic as f*ck. I really do dislike ripple and I advise people to stay away from it. Ripple is just the banks adapting to crypto something we should avoid at all costs.

It is a well planned strategy, it is easy for them to make such announcement and make another steps in order to win. They already surpassed ETH in just couple of days. I think they scheming something, I hope it is for the better.

I have already sold half so that i will not be late to grab all my profit but still holding half of it because despite all the fud around xrp I think it will grow little more before crashing. Charts still looks promising and we may see few more pumps before a  series of massive dump.

Founder of Stellar owns 5.3 billion XRP. Very nice coin! Not centralized whatsoever.

https://steemit.com/altcoin/@moneyfornothing/jed-mccaleb-richer-than-satoshi

Feel free to share!

This also shows the centralization of Ripple. They have just decided how to release the rest of the coins and have shown the they have full control without the need to ask for anyone's suggestions. No community discussion was done. That might be bad because in a worst case scenario they will be able to change the transaction history with out your consent.

This news is a smart play by them.
Will arm the fanboys with something to argue about.
Now that it's already pumped they don't care.. they will freeze it for a while.
Then if the change their mind later.. they can.

They hold all the cards and make all the rules and get all the money.

I am surprised they managed to climb out of the bad rep they started with.
It took them years though with a few new generations coming in to do it.
Luckily for them each new generation that comes in cares less and less about ideology
and more and more about ROI'z.

Which is playing out exactly how Ethereum did.

And so far i have seen the ETH shills come after Ripple.
So we have two horrible bullshit ICO shitcoins battling it out here now.
For greedy profiteer day trader money.

What will happen i have no idea (market price wise) ..it will be amusing i bet though.
There has to be some dumping obviously but how much i don't know.

I would advise traders to be smart.
Don't get greedy.. dump before those whales do (on you)

They have released 2302277383 more ripple since Christmas, likely taking in over 40 million dollars.

December 25, 2016:

http://coinmarketcap.com/historical/20161225/

Today:

http://coinmarketcap.com/

They are keeping 12 percent unlocked representing  well over 7 billion ripple that could be released next week. The locks expire regularly with over 1 billion more ripple eligible for release at each unlocking.


Not sure why anyone thinks this is great news.

All these strategies from what I can see is a means of desperation and even an open declaration of the manipulation of price which is what is geared towards. If XRP is living up to the hype then controlling the market so openly is not the right way to go and its even a means of short term cushion effect which means I could just decide to dump everything I have own since the artificial scarcity will increase the price per unit.

Is the Ripple platform really adequate enough to handle the majority of the banks' transactions? I saw a video on youtube.com that featured Peter Todd, one of the popular contributors in developing bitcoin, say that Ripple has technical limitations and cannot reach consensus efficiently. I will post the video in another thread so that we could all discuss it there.

Ripple can produce XRP out of thin air,
last time they did it,
was 333 Mil. tokens in january,
so why shouldn´t they "lock" them,
to drive the price up.

 ;D

Hahaha the last time they "did it" was this week. And it's going to happen again next week, and the week after that. Maybe a lil extra the week of Christmas. You know for some tax writeoffs.

This old and drawnout topic about ripple's distribution of its 100 billion XRP created at the genesis ledger by Jed is  like having the birds and the bees conversation with a new kid every day.

Don't ask me for the genesis ledger, i don't have it. ;)

Get your information and details straight. Ripple cannot produce XRP out of thin air. They already created 100 billion XRP from the beginning and released 1/3 of them. If they decide to release more then it will come from the 100 billion they already created not from thin air.