Bitcoin Forum

Blog Location:    https://xrpcommunity.blog/this-is-crypto/    (https://xrpcommunity.blog/this-is-crypto/)

Crypto - and its volume & volatility - are back!  Find out more & get the latest XRP news in today's blog:

𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: Two economists publish a frightening paper describing how nations could employ negative interest rates on bank deposits.

𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Siam Commercial Bank (SCB) announced that they'd teamed with one of their customers, PTTEX, to implement Ripple tech; Ripple publishes its Q1 2019 XRP Markets Report; and Navin Gupta provides his insights recently in Dubai.

𝐗𝐑𝐏 𝐍𝐞𝐰𝐬: I cover more news from the XRP meetup in Amersfoort; The XRP Zoo conducts an interview with Curis Wang; and PayWithMoon promises they'll be adding XRP support to their Chrome extension. 

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor


On Twitter:    https://twitter.com/Hodor/status/1121742092223561728     (https://twitter.com/Hodor/status/1121742092223561728)

Bitcoin was invented by Satoshi to avoid bank system which is the worst thing in the world. Banker are corruptors and they always makin money by fooling people. XRP is a product from Banker which will be the same as cetralized product. And, most people believe that Ripple is not really decentralized but a centralized coin were the value is held and played by just a few people.

As that being said, As the one who doesnt believe in XRP, I'm sorry to say that I dont need any of Ripple news.

If you are talking about volatility, talk about BTC and other coins, not ripple, how many investors has really made it through ripple?

I was very skeptical about this coin because its supply was too big and the discount of this coin made me feel there was something very shady in this coin. People often refer to Ripple's technology because it can replace bank technology but in fact only a few banks in the UK apply and very few people believe in this technology because it is still very many limitations that we cannot know. In my opinion, Ripple is just a joke to attract investors and when they have huge profits, they will sell all the coins for greater profit.

All right, so you're making two claims here, right?

1) Banks created XRP
2) XRP is centralized


So this is easy:  You are mistaken on the first point, as XRP was created by a group of 4-5 individuals who then subsequently decided to form a company.  That company was originally called OpenCoin, and then eventually changed its name to Ripple. 
Source:  https://www.forbes.com/sites/michaeldelcastillo/2018/09/04/ripples-trillion-dollar-man/#1f4d0bde7324 (https://www.forbes.com/sites/michaeldelcastillo/2018/09/04/ripples-trillion-dollar-man/#1f4d0bde7324)


For your second point, XRP is a decentralized network, and is growing ever-more-decentralized while Bitcoin and other proof-of-work tokens become more centralized and dependent on mining pools, risking a serious setback like a 51% attack. 

Sources:
https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger/ (https://ripple.com/insights/the-inherently-decentralized-nature-of-xrp-ledger/)
https://www.bis.org/publ/work765.htm (https://www.bis.org/publ/work765.htm)

Well indeed the XRP is used by banks, but they are a lot of people who complain about because group of people who create it every month release new coins and sell them for expensive they have.

I am a fan of volatility and i think every trader especially who follows price action likes volatility, i hope market will keep improving with rising volumes and volatility in coming months.

banks are involved with ripple, for that reason i have never touched it and never will. it goes against every single rule and reason for crypto. the problem is we still have to involve banks to use crypto for anything big in the real world. so we have a long road ahead of us still

Shill continues rampage to promote scamcoin XRP in hopes of gaining his home mortgage back from buying XRP at 3usd. Despite all that, XRP is one of the worst performing scams this year by price and in fake market volume; despite the teams efforts to cover these facts up with some useless metrics, based on a short-term quarterly outlook.

I think you are one of the XRP bag holders, In my perception Bitcoin was made by the founder known as Satoshi Nakamoto to make the community learn to save in the future without using any bank but Bitcoin is enough to use it for the future. Also based on my idea regarding about XRP it is owned by the centralized company or regulated business.

Every coin has its own plus and minus points. Take it or leave it. Crypto is prospering that matters. Volatility earns you maximum gains either if you are a Hoddler. Bitcoin, Ethereum and Ripple all have their own potential.

The centralized nature of ripple is exactly why the coin is not really growing and I think the little growth we can see in the value of ripple is because the bankers using it are imposing it on their clients, and like you said, the coin has already gone against the reason why cryptocurrency was created by satoshi.

Well, I have no interest in ripple that much, I will prefer to carry out my transaction with stables coins if I don’t have any choice than to use ripple, but the first choice of all my transaction would still be bitcoin anytime, any day, which I am also certain that all crypto holders would not have much of their holdings in ripple.

Another topic about XRP. Ripple is the worst cryptocurrency I've ever seen. Centralized shit, like the whole financial system.

We are still waiting for the rise of Ripple. After that limited pump in 2017, it seems there is not much movement from the coin and news about the project itself is not having any effect on the prices

Right from ripple inception, I haven't been a fan of ripple and I don't think I would be a fan of ripple even in the nearest future to come because I discovered that ripple is not really a cryptocurrency since it didn't follow the principle laid by satoshi himself towards how the blockchain should be, ripple have just been using the advantage that they have a lot of money to make name for themselves, but those kind of things don't last for long.

Bitcoin performed once. Now that the XRP has to go up, the bitcoin price must rise. Otherwise, XRP invesment can be dangerous.

I read the opposite, that many banks refuse Ripple in favor of their brand blockchain. I think Ripple is not so good and is a speculative token.

Why do they refuse? that now all banks in the world need their bloc? It's stupid to spend so much money on development. Although the greed of bankers can be understood.

I think the coin is much hyped and as a result, it has got much popularity than the rest of the coins in the market. But to be honest, XRP is doing its much efforts in making the project a success by forging partnerships with various noted organisations and banks across the world. Because of its dynamic team, I can expect that it will do something good in the future. And the coin is supported by banks, which are to date critical of cryptocurrency.

I think that Riiple is another bubble in the crypto-currency world, so many people have already suffered from manipulations with this coin.

Of course! Ripple is one of the most highly manipulated coins. I have long been telling everyone that ripple makes pump and dump. and you dont need to hold this coin anymore. smart investors don't invest their money in it

Well, if the banks refuse. This coin will be the last in the list. The fact is that if the market itself refuses the product. So the price of this product will fall and investors will lose money on this, please be careful, it is worth moving away from this coin away.

A lot of such news appears for the last time. It pleases. It is really nice to know that we are moving forward at a slow pace - this is very important to understand. But I am concerned that only underdeveloped countries are interested in cryptocurrency. This does not raise the authority of blockchain among people around the world.

I agree we are at early stage. But if you think we need to involve banks to use it in real life that goes against your first statement "you are not touching XRP because banks are already involved".

That means XRP is ahead of crypto already or just made wrong turn? Will other coins will find it's own way without banks and government?

I'm not sure of the ripples, it's just a centralized coin. Well, maybe that could happen in the next few years but in my opinion the current ripple development is not very good, many of them have chosen to exchange other altcoins which they think are better, while the bank companies don't use them anymore.

XRP is one of my favorite and interesting altcoins. What I like the most about the coin is that it is making its efforts very hard to expand its reach to the people across the world. As part of its efforts to develop the project, it has made many partnerships with banks and bit and noted organizations. Banks are also supporting the coin, thus making it a special and useful coin. I always believe that the coin will rock the world.

Coin have their own potentials but not all coins, although we can give a thumb up to coins like ripple too that has stayed top for a while now and it shoes that the tea are really doing great too, I didn’t expect Ripple to still last this long considering the fact that they are operating a centralized coin kind off, since it is being owned by banks.

Well, coins will always come out; we just need to hold on to that which we personally believe in and project it to the world out there. We have lots of potential coins that are doing well like the ones you mentioned, so all they just need is our little support to grow stronger.

Xrp is not used as a pump&dump coin and there is a manipulation involved coins everywhere in the crypto ecosystem. Ripple has serious partnerships with the big banks and XRP has used a payment gateway by Western Union.