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Title: XRP implied market cap is now larger than BTC's ! Post by: Calangaman on May 17, 2017, 09:16:10 AM As of May 17 2017
1 BTC is worth $ 1790, maximum 21 millions coins. Implied market cap = $ 37.59 billions 1 XRP is worth $ 0.41, maximum 100 billion coins. Implied market cap = $ 41 billions Do you believe that this is justified ? To me, it shows that XRP is completely overvalued. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: PovertyByte on May 17, 2017, 09:21:29 AM If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release.
Title: Re: XRP implied market cap is now larger than BTC's ! Post by: f0rmdeep on May 17, 2017, 09:24:19 AM If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release. I think you might have not read the news.. Ripple actually announced that it is locking 55 Billion of its coins from supply :-) ... so the circulation coin + a billion more is all thats left. Discussion Thread : https://bitcointalk.org/index.php?topic=1920623.0 Source : https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/ Key Points : https://i.imgur.com/ZzWNQ7E.png I think people are finally grasping what ripple is doing and how systemically big ripple's role is going to be. i think its fair to say Ripple is like the new google for Finance... the way google was in 1990's for tech industry.. and also pretty given that ripple will eat ( already eating ? ) huge percent of Swift meal ... so yeah... Title: Re: XRP implied market cap is now larger than BTC's ! Post by: PovertyByte on May 17, 2017, 09:34:12 AM If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release. I think you might have not read the news.. Ripple actually announced that it is locking 55 Billion of its coins from supply :-) ... so the circulation coin + a billion more is all thats left. Discussion Thread : https://bitcointalk.org/index.php?topic=1920623.0 Source : https://ripple.com/insights/ripple-to-place-55-billion-xrp-in-escrow-to-ensure-certainty-into-total-xrp-supply/ Key Points : https://i.imgur.com/ZzWNQ7E.png I think people are finally grasping what ripple is doing and how systemically big ripple's role is going to be. i think its fair to say Ripple is like the new google for Finance... the way google was in 1990's for tech industry.. and also pretty given that ripple will eat ( already eating ? ) huge percent of Swift meal ... so yeah... I read it perfectly clear. I was replying to OP about how his example of implied market cap was not a realistic example and what would happen. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: f0rmdeep on May 17, 2017, 09:38:29 AM If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release. I read it perfectly clear. I was replying to OP about how his example of implied market cap was not a realistic example and what would happen. well the point was to take of fear that ripple might suddenly do a surprise dump. now there is no such chance, even if you held them under the gun. Escrow is one and done. btw, 100 bil coin has never been a problem at all, if they even take 3% of swift's load they will need to reprice XRP at 3 usd each to provide adequate liquidity and collateral availability for 300 Billion USD movement. the problem was always "what if ripple someday unannounced come and dump coin in the market ?" and i believe that has been completely addressed. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: Calangaman on May 17, 2017, 09:41:30 AM Guys, Ripple is just saying when and how XRP will be issued.
The number of coins doesn't change. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: talkbitcoin on May 17, 2017, 09:43:22 AM actually i am glad that this happened.
maybe people start to realize how crappy marketcap is when they are comparing cryptocurrencies. they have been repeating over and over that since ETH has the highest marketcap then it is a good altcoin and now this one. all these coins on top are proving how fake it is to "produce" a big market cap for an altcoin. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: dinofelis on May 17, 2017, 09:49:18 AM I think people are finally grasping what ripple is doing and how systemically big ripple's role is going to be. i think its fair to say Ripple is like the new google for Finance... the way google was in 1990's for tech industry.. and also pretty given that ripple will eat ( already eating ? ) huge percent of Swift meal ... so yeah... I fully agree with that view. They will only need to find a way to stabilize their coins somehow, but if they hold back a significant reserve, they can play FED that way, once it is big enough. The difficulty of banks to settle internationally (where there is no common point of trust, the central bank) can indeed be solved with such an instrument, if there is going to be a way to limit volatility risk. It can be a huge inter-bank settlement layer, which is what I think Ripple wants to become. They are not embroiled in any decentralized difficulty ; ripple is willingly a centralized crypto ; this will allow them to take advantage of several aspects of crypto, without its problems due to total trustlessness, which is not needed on that level. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: PovertyByte on May 17, 2017, 09:52:16 AM If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release. I read it perfectly clear. I was replying to OP about how his example of implied market cap was not a realistic example and what would happen. well the point was to take of fear that ripple might suddenly do a surprise dump. now there is no such chance, even if you held them under the gun. Escrow is one and done. btw, 100 bil coin has never been a problem at all, if they even take 3% of swift's load they will need to reprice XRP at 3 usd each to provide adequate liquidity and collateral availability for 300 Billion USD movement. the problem was always "what if ripple someday unannounced come and dump coin in the market ?" and i believe that has been completely addressed. The real fear should be the fact that XRP is centralized and they can freeze and reverse the funds of anybody they wanted. If we look at why cryptocurrency had value in the first place it was 3 reasons. Assured scarcity, escape from government and third party manipulation, and as a safe haven or dark markets. That whole escaping from manipulation is not something backing the value of XRP. I do not know the full details of that escrow and XRP distribution plan but one thing I do know is that XRP's value right now is purely the result of hedging and many newcomers in cryptocurrency trying to hedge into the next big thing. I have been right on a lot of coins. I've called exactly where the Dash pump would retrace, when and why the PivX bubble would pop. XRP will retrace to 20-30 cents When the dollar collapses, it won't be XRP mooning in the end but rather BTC w/ SegWit in due time and eventual LN, NEM, and Dash if they get evolution functioning as promised. There are coins within top 30 that could be up there but need some more development time. XRP will never be the digital currency by the people for the people when the big wigs sink the economy down and leave us all for dead probably doing insider stuff to rip us off deeper into poverty first Title: Re: XRP implied market cap is now larger than BTC's ! Post by: f0rmdeep on May 17, 2017, 10:40:51 AM If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release. I read it perfectly clear. I was replying to OP about how his example of implied market cap was not a realistic example and what would happen. well the point was to take of fear that ripple might suddenly do a surprise dump. now there is no such chance, even if you held them under the gun. Escrow is one and done. btw, 100 bil coin has never been a problem at all, if they even take 3% of swift's load they will need to reprice XRP at 3 usd each to provide adequate liquidity and collateral availability for 300 Billion USD movement. the problem was always "what if ripple someday unannounced come and dump coin in the market ?" and i believe that has been completely addressed. The real fear should be the fact that XRP is centralized and they can freeze and reverse the funds of anybody they wanted. If we look at why cryptocurrency had value in the first place it was 3 reasons. Assured scarcity, escape from government and third party manipulation, and as a safe haven or dark markets. That whole escaping from manipulation is not something backing the value of XRP. I do not know the full details of that escrow and XRP distribution plan but one thing I do know is that XRP's value right now is purely the result of hedging and many newcomers in cryptocurrency trying to hedge into the next big thing. I have been right on a lot of coins. I've called exactly where the Dash pump would retrace, when and why the PivX bubble would pop. XRP will retrace to 20-30 cents When the dollar collapses, it won't be XRP mooning in the end but rather BTC w/ SegWit in due time and eventual LN, NEM, and Dash if they get evolution functioning as promised. There are coins within top 30 that could be up there but need some more development time. XRP will never be the digital currency by the people for the people when the big wigs sink the economy down and leave us all for dead probably doing insider stuff to rip us off deeper into poverty first wrong ! They cannot freeze, RCL will be more decentralized then bitcoin, neither can they reverse transactions, and it will be perfectly legal and you wont have to worry about segwit or fork, Chinese mining mafia nor Mt Gox... Go figure ! btw next time u spout fake lines, give sources. btw have the unconfirmed transactions on bitcoin come down yet ? (https://blockchain.info/unconfirmed-transactions) and u talk about centralization ? LOL who is begging for ETF approvals... man the bladder of Hypocrisy Ripple is one of the best coins out there ... I treat it like Ethereum Title: Re: XRP implied market cap is now larger than BTC's ! Post by: Ayers on May 17, 2017, 10:47:18 AM As of May 17 2017 1 BTC is worth $ 1790, maximum 21 millions coins. Implied market cap = $ 37.59 billions 1 XRP is worth $ 0.41, maximum 100 billion coins. Implied market cap = $ 41 billions Do you believe that this is justified ? To me, it shows that XRP is completely overvalued. where you see this? if i look in conmarketcap i see 30 billions for bitcoin and 15 billions for ripple, there is no competition, bitcoin is far ahead by 2x, perhaps coinmarketcap is missing a portion of the total supply? If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release. they did already this in the past but the value increased, they are artificially manipulating the value, i don't trust ripple Title: Re: XRP implied market cap is now larger than BTC's ! Post by: AmarO on May 17, 2017, 10:52:00 AM Why can't XRP be the heir to BTC? Much faster and cheaper, you can even do micropayments without much fees at all. This is self evident if you have used both for sending and receiving payments. Even though XRP is not directly meant to compete with BTC I see XRP gaining ground on BTC and overcoming it eventually. The XRP lock-up is set, also everyone has seen from the beginning Ripple has its' investors best interests in mind. Governments will crack down on these other coins, XRP is regulated nothing will happen. Safest investment in the CryptoVerse. BTC was the pioneer but XRP is the evolution. Bank on this overtaking BTC, recently we learned it will be even more decentralized as it will not be in the hands of a couple mining groups with constant holder/miner turmoil. There will be multiple legitimate companies as validators with strict guidelines. Ripple will continue to monthly release their XRP to the public and it will be in the hands of the people. If banks buy it all from the people then the banks will control it. However they will have no need to control majority of the coins because there is nothing to gain once it hits its peak instead it will be a traded commodity among all. XRP will be used as a bridge currency for all. 100B coin isn't much once it goes mainstream and becomes a household thing. The peak could be anything because you can't set a value on CryptoCurrency. $1 is a sure-thing imo just be patient and know we are in good hands. Now is just the beginning, the early investors took the risk and now is the time for picking. XRP will not depend on banks it will depend on us, never for one second feel as an XRP holder we are dependent on banks accepting it. The only people who have to accept it are us and then the whole world will accept it. What Google was in the 90s is what XRP has the chance to become in todays' age... See you guys at the top!
Title: Re: XRP implied market cap is now larger than BTC's ! Post by: Calangaman on May 17, 2017, 11:20:29 AM As of May 17 2017 1 BTC is worth $ 1790, maximum 21 millions coins. Implied market cap = $ 37.59 billions 1 XRP is worth $ 0.41, maximum 100 billion coins. Implied market cap = $ 41 billions Do you believe that this is justified ? To me, it shows that XRP is completely overvalued. where you see this? if i look in conmarketcap i see 30 billions for bitcoin and 15 billions for ripple, there is no competition, bitcoin is far ahead by 2x, perhaps coinmarketcap is missing a portion of the total supply? If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release. they did already this in the past but the value increased, they are artificially manipulating the value, i don't trust ripple My source is also coinmarketcap.com It's based on the maximum number of coins x the current price to calculate the implied market cap. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: f0rmdeep on May 17, 2017, 12:00:12 PM Why can't XRP be the heir to BTC? Much faster and cheaper, you can even do micropayments without much fees at all. This is self evident if you have used both for sending and receiving payments. Even though XRP is not directly meant to compete with BTC I see XRP gaining ground on BTC and overcoming it eventually. The XRP lock-up is set, also everyone has seen from the beginning Ripple has its' investors best interests in mind. Governments will crack down on these other coins, XRP is regulated nothing will happen. Safest investment in the CryptoVerse. BTC was the pioneer but XRP is the evolution. Bank on this overtaking BTC, recently we learned it will be even more decentralized as it will not be in the hands of a couple mining groups with constant holder/miner turmoil. There will be multiple legitimate companies as validators with strict guidelines. Ripple will continue to monthly release their XRP to the public and it will be in the hands of the people. If banks buy it all from the people then the banks will control it. However they will have no need to control majority of the coins because there is nothing to gain once it hits its peak instead it will be a traded commodity among all. XRP will be used as a bridge currency for all. 100B coin isn't much once it goes mainstream and becomes a household thing. The peak could be anything because you can't set a value on CryptoCurrency. $1 is a sure-thing imo just be patient and know we are in good hands. Now is just the beginning, the early investors took the risk and now is the time for picking. XRP will not depend on banks it will depend on us, never for one second feel as an XRP holder we are dependent on banks accepting it. The only people who have to accept it are us and then the whole world will accept it. What Google was in the 90s is what XRP has the chance to become in todays' age... See you guys at the top! To be fair, BTC is a great store of value, I just hope it burns all that electricity for a better reason rather then fancy pow challenge .. i agree instead of all that electricity mathematics can be used to establish the same trust and ripple does that with its byzantine algorithms. but i guess people like the heavy pow, as if it feels heavy like gold or something... So probably BTC will be like digital gold for value preservation. but for everything else, i agree with you , XRP will be the underpinning asset. Did you see this ? Ripple RCL and XRP can now let Ethereum , Zcash and others to settle fiat from their applications :-) https://i.imgur.com/kXfphXT.png https://i.imgur.com/Hv1wN5Z.png now that's mind-blowing ! imagine it is going to be the underpinning asset for cryptos and also rails for swift... just brilliant.. . Title: Re: XRP implied market cap is now larger than BTC's ! Post by: thepo1m on May 17, 2017, 12:40:26 PM I do pity those holding this coin, what can I use it for expect for speculating that the Japanese company experimenting with will continue to do so. Get out now
Title: Re: XRP implied market cap is now larger than BTC's ! Post by: f0rmdeep on May 17, 2017, 12:53:58 PM I do pity those holding this coin, what can I use it for expect for speculating that the Japanese company experimenting with will continue to do so. Get out now its an investment like Ethereum etc ... and we will be able to settle and pay for in a few months time, when its going to be more worth ... also needless to say pay peer-to-peer from anyone to anyone in the word in "real-time" ... hmm i guess that covers all bitcoin usecases and even better... add to that here atleast you wont get cheated as it is a liable and registered company which is properly regulated... So NO MtGox in ripple ecosystem ! xrp investors are the safest go figure ! Title: Re: XRP implied market cap is now larger than BTC's ! Post by: qiwoman2 on May 17, 2017, 01:25:05 PM It's amazing how another crypto currency has gone so far and frown. Sadly I don't have any Ripple so not sure if it's too late for me to buy and hold any now. I think it is too late to start getting some now I guess.
Title: Re: XRP implied market cap is now larger than BTC's ! Post by: f0rmdeep on May 17, 2017, 01:53:39 PM It's amazing how another crypto currency has gone so far and frown. Sadly I don't have any Ripple so not sure if it's too late for me to buy and hold any now. I think it is too late to start getting some now I guess. be safe, it have way to go and will appreciate greatly over next 2 to 3 years ( prime time ) , but dont jump during sharp speculative spikes... wait for some decent correction. i am trying to add some to my position and hoping to get something at around 25 to 27 cents .. lets see good luck. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: cryptohunter on May 17, 2017, 02:03:56 PM I don't think XRP deserves to be listed with other decentralised crypto currency.
It is easy to manipulate MC when your initial distribution plan is we'll say we'll give lots away for free but actually just keep the vast vast majority ourselves also create more tokens at will. I said before this can easily be internally inflated to magnitudes larger than BTC's MC. No need for trust AT ALL when we get dex's which are rolling out now. The aim is to create and end to end trustless arena ripple does not fit into that. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: bouren on May 17, 2017, 02:10:23 PM As of May 17 2017 So theoretical amounts says $41 billion whereas actual amount is $13 billion. So more than 60% coins are not in circulation. Now this makes the coin completely trustless. Price is not owe to free play of market. Company can whenever release additional coin and deframe the whole market of XRP1 BTC is worth $ 1790, maximum 21 millions coins. Implied market cap = $ 37.59 billions 1 XRP is worth $ 0.41, maximum 100 billion coins. Implied market cap = $ 41 billions Do you believe that this is justified ? To me, it shows that XRP is completely overvalued. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: coinsmanager on May 17, 2017, 03:32:06 PM Madness never ends...
Title: Re: XRP implied market cap is now larger than BTC's ! Post by: NaXxow on May 17, 2017, 04:00:15 PM it so happened japanese investors really did their homework 8)
it has been overvalued, and overhyped, sooner or later, we will see a big bubble collapse. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: richardfisk on May 17, 2017, 07:35:48 PM Put all your money in XRP now and you will be rich. Let fuck the whole world up and tell them how good cryptocurrency can be
Title: Re: XRP implied market cap is now larger than BTC's ! Post by: PovertyByte on May 18, 2017, 01:25:54 AM If XRP released that 66% of coins into circulation it would reduce the scarcity of the current coins to a third of what it is now. The value of an XRP token would plummet until the market cap gets close to what it was before the release. I read it perfectly clear. I was replying to OP about how his example of implied market cap was not a realistic example and what would happen. well the point was to take of fear that ripple might suddenly do a surprise dump. now there is no such chance, even if you held them under the gun. Escrow is one and done. btw, 100 bil coin has never been a problem at all, if they even take 3% of swift's load they will need to reprice XRP at 3 usd each to provide adequate liquidity and collateral availability for 300 Billion USD movement. the problem was always "what if ripple someday unannounced come and dump coin in the market ?" and i believe that has been completely addressed. The real fear should be the fact that XRP is centralized and they can freeze and reverse the funds of anybody they wanted. If we look at why cryptocurrency had value in the first place it was 3 reasons. Assured scarcity, escape from government and third party manipulation, and as a safe haven or dark markets. That whole escaping from manipulation is not something backing the value of XRP. I do not know the full details of that escrow and XRP distribution plan but one thing I do know is that XRP's value right now is purely the result of hedging and many newcomers in cryptocurrency trying to hedge into the next big thing. I have been right on a lot of coins. I've called exactly where the Dash pump would retrace, when and why the PivX bubble would pop. XRP will retrace to 20-30 cents When the dollar collapses, it won't be XRP mooning in the end but rather BTC w/ SegWit in due time and eventual LN, NEM, and Dash if they get evolution functioning as promised. There are coins within top 30 that could be up there but need some more development time. XRP will never be the digital currency by the people for the people when the big wigs sink the economy down and leave us all for dead probably doing insider stuff to rip us off deeper into poverty first wrong ! They cannot freeze, RCL will be more decentralized then bitcoin, neither can they reverse transactions, and it will be perfectly legal and you wont have to worry about segwit or fork, Chinese mining mafia nor Mt Gox... Go figure ! btw next time u spout fake lines, give sources. btw have the unconfirmed transactions on bitcoin come down yet ? (https://blockchain.info/unconfirmed-transactions) and u talk about centralization ? LOL who is begging for ETF approvals... man the bladder of Hypocrisy Ripple is one of the best coins out there ... I treat it like Ethereum http://insidebitcoins.com/news/not-so-decentralized-ripple-freezes-1m-in-user-funds/31862 XRP freezing funds, here you go BTC is an established coin that is actually decentralized. The centralization you refer to is miners but they can not manipulate it to the degree that XRP can be. The BTC transaction lag will be a thing of the past when LN gets implemented in. You also make a lot of assumptions about me. BTC is like 5% of my crypto portfolio at the moment. Normally I am the one fighting the BTC maximalist but apparently I am one in your eyes because you went far as spouting ETF nonsense to me lol. If you can't come up with better arguments, I am not even responding again. You just want your XRP to go up in value but I will repeat what I said before. XRP has zero value in the decentralization aspect. You are just praying for XRP to become the federal reserve 2.0 and if that happens XRP is no more valuable than the dollar in the end. We use credit cards and online banking as is so in a way we already are treating the dollar as a digital asset that is just a pixel in a bank account. XRP will be no different to the average user in the end. The value right now in XRP is purely for banks, and speculators. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: Spoetnik on May 18, 2017, 04:57:53 PM WOW eh ? Amazing how Ripple slipped under the radar and no one noticed it in the last 4 years.
Then all of a sudden BAM ..it's the future and the ultimate Bitcoin Killer™. Who knew ? Obviously none of you or you would have invested in it years ago right ? (excluding the Ripple corporation who printed themselves money and handed out fancy titles of course) Me i am just jealous.. I wished i got a fat payday and a fancy title when it launched too ! I wanted CTFO of Githubbery :( Or chairman of ROI's Or one of the highly paid and coveted and very real "Advisers" positions. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: olubams on May 18, 2017, 06:44:49 PM As of May 17 2017 1 BTC is worth $ 1790, maximum 21 millions coins. Implied market cap = $ 37.59 billions 1 XRP is worth $ 0.41, maximum 100 billion coins. Implied market cap = $ 41 billions Do you believe that this is justified ? To me, it shows that XRP is completely overvalued. What do you expect when a coin is having a billion units available. Its just defy common sense to see how developers can just decide to go that high and that is the reason why they are now trying various cosmetic approach by looking for ways to lock the coin in other to create artificial scarcity in other to increase the price and bring in unsuspecting individuals who are only interested in making short term money. Title: Re: XRP implied market cap is now larger than BTC's ! Post by: f0rmdeep on May 18, 2017, 07:08:00 PM As of May 17 2017 1 BTC is worth $ 1790, maximum 21 millions coins. Implied market cap = $ 37.59 billions 1 XRP is worth $ 0.41, maximum 100 billion coins. Implied market cap = $ 41 billions Do you believe that this is justified ? To me, it shows that XRP is completely overvalued. What do you expect when a coin is having a billion units available. Its just defy common sense to see how developers can just decide to go that high and that is the reason why they are now trying various cosmetic approach by looking for ways to lock the coin in other to create artificial scarcity in other to increase the price and bring in unsuspecting individuals who are only interested in making short term money. because it is made for real world economy that has multi-trillion dollar trade ! XRP with only 37 billion circulating and 100 billion all together sounds about right for moving a multi-trillion dollar economy around ! what don't you get in it ? and besides it does not need peta-flops of computing power , nor burn forest neither needs hours and hours of transaction time madness ! faster, better, slimmer and uses mathematics instead ! go figure ! Title: Re: XRP implied market cap is now larger than BTC's ! Post by: CryptoMensch on May 18, 2017, 07:59:41 PM Why can't XRP be the heir to BTC? Much faster and cheaper, you can even do micropayments without much fees at all. This is self evident if you have used both for sending and receiving payments. Even though XRP is not directly meant to compete with BTC I see XRP gaining ground on BTC and overcoming it eventually. The XRP lock-up is set, also everyone has seen from the beginning Ripple has its' investors best interests in mind. Governments will crack down on these other coins, XRP is regulated nothing will happen. Safest investment in the CryptoVerse. BTC was the pioneer but XRP is the evolution. Bank on this overtaking BTC, recently we learned it will be even more decentralized as it will not be in the hands of a couple mining groups with constant holder/miner turmoil. There will be multiple legitimate companies as validators with strict guidelines. Ripple will continue to monthly release their XRP to the public and it will be in the hands of the people. If banks buy it all from the people then the banks will control it. However they will have no need to control majority of the coins because there is nothing to gain once it hits its peak instead it will be a traded commodity among all. XRP will be used as a bridge currency for all. 100B coin isn't much once it goes mainstream and becomes a household thing. The peak could be anything because you can't set a value on CryptoCurrency. $1 is a sure-thing imo just be patient and know we are in good hands. Now is just the beginning, the early investors took the risk and now is the time for picking. XRP will not depend on banks it will depend on us, never for one second feel as an XRP holder we are dependent on banks accepting it. The only people who have to accept it are us and then the whole world will accept it. What Google was in the 90s is what XRP has the chance to become in todays' age... See you guys at the top! To be fair, BTC is a great store of value, I just hope it burns all that electricity for a better reason rather then fancy pow challenge .. i agree instead of all that electricity mathematics can be used to establish the same trust and ripple does that with its byzantine algorithms. but i guess people like the heavy pow, as if it feels heavy like gold or something... So probably BTC will be like digital gold for value preservation. but for everything else, i agree with you , XRP will be the underpinning asset. Did you see this ? Ripple RCL and XRP can now let Ethereum , Zcash and others to settle fiat from their applications :-) https://i.imgur.com/kXfphXT.png https://i.imgur.com/Hv1wN5Z.png now that's mind-blowing ! imagine it is going to be the underpinning asset for cryptos and also rails for swift... just brilliant.. . Mind blown! I hope they don't go overboard with the XRP supply. |
