Bitcoin Forum

I have read a little bit about ripple, and it looks like, that banks all over the world joining ripple.

What do you think, is it possible, that Ripple can be bigger (or even much bigger like with a 100 billion marketcap) than bitcoin?

Because i dont know what this (already over 90) banks will make with the price?
I cant really say it, will buy these banks all ripple, or will buy the people of this banks ripple?
How will be the effect on the price when the advertising from the banks will start?


Here are some news from the last days:

The biggest bank of japan (the 3th largest in the wolrd!) joined ripple
"U.S. startup Ripple will provide blockchain technology. Joining BTMU are Bank of America Merrill Lynch, Standard Chartered Bank of the U.K., Royal Bank of Scotland, Spain's Banco Santander, Canadian Imperial Bank of Commerce and Australia's Westpac Banking. About 90 banks in all could participate in the new service, according to Ripple."

http://www.financemagnates.com/fintech/news/ripples-global-payments-steering-group-adds-btmu-constituency/
http://asia.nikkei.com/Business/Deals/Japan-s-BTMU-plans-international-fund-transfers-via-blockchain-in-2018



The bank of Englang also joining.
"The Bank said that its aim with Ripple is to "show how this kind of synchronisation might lower settlement risk and improve the speed and efficiency of cross-border payments."

http://www.telegraph.co.uk/business/2017/03/17/bank-england-trials-artificial-intelligence-blockchain-bid-stay/
http://www.bankingtech.com/775302/bank-of-england-teams-with-ripple-for-cross-border-payments/



Ripple is working with more than 90 banks, over 10 of which have already implemented Ripple’s technology in production –- meaning that it already facilitates real transactions
https://www.bloomberg.com/news/articles/2017-03-20/sending-money-overseas-to-get-faster-once-banks-pick-a-winner



47 "small" japenese banks also joined.

SBI Ripple Asia, a joint venture between Ripple and Japanese financial services giant SBI Holdings, launched the pilot program in October 2016 with a consortium of 42 member institutions, including both brick-and-mortar and online banks. After a trial run, some 47 banks are now set to bring Ripple’s cloud-based payments platform to the masses.

https://oneworldidentity.com/2017/03/15/japanese-banks-embrace-blockchain-successful-trial/
http://www.enterpriseinnovation.net/article/forty-seven-japanese-banks-go-commercial-ripple-platform-1140300448

When ripple is pure shit, why the 3th largest bank + 89 other banks already joined ripple?

Ripple is a crypto currency who is compliant with banks requirements, everything is transparent (at least for the accounts) and it is centralized, there is no coin generation or anything, just a central authority who emmits money, like central banks do.
It is totally possible/normal for them to work with bank institutions because of the traçability of the funds.
In other words, XRP is a FIAT currency in the form of a crypto currency.

What he said above, plus, there is no point to invest other than investing as a gamble. This token exists and its open to the public just as a milking machine for ripple, so it can make money by dumping more tokens on the market whenever they want. Ripple wins, banks win ( assuming ripple is useful to them, and not just as a testing platform ) and greater fools aka investors, lose.

What does "joined Ripple" mean? Are those banks using the public RCL? What are their issuing account IDs? Do they use XRP? What does their workflow look like? How much payment volume do they run through RCL per day? Unless these questions are answered, this news announcement is nothing but HYPE.

I asked these shills to name just 1 single MAJOR reputable bank.
And i have NEVER gotten a reply back.. no matter how many times i ask.

89 banks my god damn ass.
Bank of Nigeria ? does what exactly now ?

Ripple is a train wreck of bullshit.. where would i even begin ?
It needs to die with fire !

Historic coin.. first ICO.. thx assholes  >:(
First shitcoin fined by FiNCEN.

Need more ?
Wait for the next kidiot spam topic posted here.. there will be more of course  ::)

Are you Kidding me ?

My First question, are you all retired and have a feud with XRP with nothing else to do?
Second question, Don't you follow news/read and only listen to forums with jobless wannabe millionaires bitch about?
Lastly , No Seriously are you ?

Below are the slides from SBIGroup's clear presentation for test initiation released on March 1st, 2017 ( source link : http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170301presentations.pdf )

clearly mentioning how cost is reduced to 8bps due to xrp usage on rcl. its not companies fault if you dont read their publications and only know how to listen to forum trolls.

Such a big bank, for your (user ) convenience made a English copy , whose fault if it is not well studied. Anyways, Without wasting much time, i am going to share 4 important slides clearly showing where XRP will be used. This is terrible uneducated crowd following anything and everything people say. Out of all the 100's of basement coins without an accountable face nor a well defined plan, Ripple is perhaps the only one dignified and trusted enough to operate in real world with real life impacting organizations. the BTC licenses were not turned down without reason.


https://i.imgur.com/6f5OoF6.jpg

https://i.imgur.com/1zQdXfq.jpg

https://i.imgur.com/8OahU5s.jpg

https://i.imgur.com/Pk7NHi2.jpg

got to get to work, so don't expect me to spend all day nagging and bitching in here, there are plenty of people to do that here.

but who have any mind and acumen, follow the data from the sources, do self study and good luck. The problem is so many shady alt-coins desperate come and pump the user with news and hence, most of the crypto community has forgot how real company's work. they make official releases on their portal,s and its the investors job to follow up.

Study people Study, go read from sources yourself, Don't listen to trolls, Don't listen to me, do your own research, but DO IT !

laters,
F0rmDeep

I agree with spoetnik about the banks informations, it sounds really fishy !
But i wouldn't say that ripple is a shitcoin, it is just a FIAT available digitally only.
I don't really care about how many banks or major banks are working with ripple as i don't use any freature of ripple because they are centralized, and i don't like this.
Also, note that the idea of a "major" bank is totally impossible, you should learn more about banks before talking about "major" bank (which doesn't exists).
There are dozens of specialisations in the banking world, like commercial banks, financial bank (flat rate banks, marging banks, hybrid banks), financial services banks (exchanges ...), loaning banks, investment banks, risk management banks, offshore banks, trusts banks ....
Each one offers a special product, and sometimes with some big banks like Natixis, City Group, BNP Parisbas, you canhave several products in a single institute.
For example, BNP Parisbas offers a complete set of "products", thus it could be designed as a major bank, but why it is bound to S&P ? and why S&P is affected by every single event in the banking world (it is not a major bank, just a rating bank) ?

One of the thing that I don't like about this coin is being a centralized,they can manipulate their coin supply it's the complete opposite of what crypto currency is,the only thing that makes people buy this,is the profits from the pumps the company that manage Ripple.

another false narrative, RCL is de-centralized, no one can stop RCL, nor control XRP on it. Anyone can download and run rippled. I really cannot understand where this is coming from, but

ONCE AGAIN, for anyone really interested, forget the troll, verify for yourself. the link below lists the active validating ripple nodes hosted by ripple and many others. You are welcome to run one at your home.

https://charts.ripple.com/#/validators


Don't like banks, just stay on RCL ( public good/property) and just use bitcoin and XRP and other assets on RCL. For someone who thinks banks and governments are good, want to use ripple for buying a property, making hospital or your child's school payment, then connect to their respective ledger by certifying/kyc etc. Its best of both worlds, only the uneducated keep repeating wrong stuff.

really sorry state of matters here , regarding the misinformation.

People please study yourself. Centralized Huh, lol right ! make up and keep repeating.

and manipulation ? how ? NO new coins can be created ! its a deflationary currency ( wont need a unlimited fork anytime) . its supply keeps decreasing based on usage.

Honestly, this site is the center of Mis-Information.

Every coins want to be and claiming to be the leading cryptocurrency, the question which one really the true one so I could put a few buckets of money into it.

That's easy. Bitcoin.

I just spilled my afternoon coffe through nose and mouth all over the table after reading OP's username  ;D ;D ;D, sorry...but a true Merkel fanboy MUST hold the elitist globalists developed payment system/coin. Ganz unbedingt! Jawohl!  :D

Looks click bait, The leader of the crypto currency is bitcoin, Bitcoin is the only one and no more. The scalable debate has made me mad.

oh yeah, then wait till the core does another nasty stuff like a 51% attack... this is the problem with total unregulated, some groups corner the market and when people are fraud-ed, no one is held responsible. bitcoin is great, that is how i got into crypto, its due credit, but a single block chain, constant politics, forking fears  , everything is a fight of million opinion, unscalable and finally as the source and destination of funds cannot be guaranteed, good luck directly getting ti regulated ( even japan law only allowed KYC money From and to both )

evidence is clear, bitcoins i falling in price, instead of sky rocketing ( because now everyone has to submit proof of funds origin, kyc, usage and tax information ).. in the name of adoption, government of japan put bitcoin users in clear box.

here news released on japanese tv just yesterday : https://www.youtube.com/watch?v=JQDRaIEmWHE

enjoy !

ethereum is one step evolution from bitcoin ( Bitcoin burns all energy on some fancy math problem solving for pow, no use to any humans , but etherium  uses the same cycles and power to execute contract code - somethign useful )

now XRP, is not a store of value, for that bitcoin or etherium is perfect, but XRP removes counterparty by mathematics, does not burn anything, no new coins can be created and can scale to 10000 tx / sex ( that is 10 thousand )

visa is shaking in the boots, and you say it has no future ! right !

xrp loool nooo.

now, rebranded WBB with what he has coming....a serious chance (no joke)  8) but will take a few years prob.

i love how people just randomly think that the next big thing is a shitty altcoin like ripple or whatever just because there was a recent mini pump, lol, ripple have infinite supply can be increased at will by the dev, it has no real value, is centralized like any legal money, why people can't understand this?

Yes, unfortunately every time they announce a bank "using their technology", there isn't much details.
Are they using it for testing? Are they actually using it to transfer fiat currency within their organization or with other banks?

It's an interesting project and may be worth investing a few dollars, but I get worried that its just a bunch of smoke and mirrors.

both are False, more coins cannot be created, its deflationary. Sources and proofs please, if not, you are "simply trolling" - troll away big fella !

lol.. . fortunately world is much larger, a,lonely forum page troll don't count. So glad.

Debunking in points:

>> No , Not a single more coin can be created. is anything coins can only be destroyed - that's the very core of the platform.
>>Shitty altcoin - either needs hidden developers, unnamed masses, basement ownership with no responsibility or the bitcoin core feud club. As it has none of this, it is not shitty.
>>It is going to be the first coin to go on broader markets with direct and indirect products, bitgo, CME(one of ripple's investors) and others are already building up for it, stay tuned and ripple shoudl have 7 more exchanges by year end.

trollorium ultimatum, dodoforum moronisma ! great... ROFL

I know you hate ripple and all - but honestly ,as ripples value neither depends on basement dwellers, nor mafia and darknet cartel, it doesn't matter, and you really don't count. So could not bother less. The heartburn and acidity is all your big fella, success is all ours !

Do You read at all ? follow up real news from the source ? media ? did you take a look at any of this at all ?

 http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170301presentations.pdf


Slide 35,36,37,38

https://i.imgur.com/6f5OoF6.jpg

https://i.imgur.com/1zQdXfq.jpg

https://i.imgur.com/8OahU5s.jpg

https://i.imgur.com/Pk7NHi2.jpg

its not taking over bitcoin, ethereum is, which i am invested in too, but ripple is making a place as transaction currency not store of value. its used for transaction, banks and people need transaction ,they will use it, it may never be thousands of bucks, it surely gonna be some worth.

may be i am hoping too much by expecting the crowd here to understand intricacies. oh well,

Everything in those slides is coming "soon."

You need to understand why people use bitcoin to being with, many do so in order to get away from the fiat system and everything that entails, if a coins is backed by many banks then that can only mean that it follow the same rules as fiat and since that is the case then not many people in the community support ripple except maybe as an investment.

One of the things i don't like about it is...
I missed out on mining it on launch day so i am sooo jelly  :'(

I love how you guys all side step colossal bullshit and defend it  :D
You can even post the bad stories like i do with Ethereum on every topic that comes up.. and..
No one cares.

Like i said earlier, where do i even start ? (about Ripple)
Implying there is a lot of shit about it.

Paid to post shit here ?
Well...
How many times have i told you i watched Ripple sit on Cryptsy's voting charts as the no.1 voted coin ?
Why is it that i am literally the only person in crypto to mention this (repeatedly) ?
Come to think of it, i am the ONLY person who mentions a lot of stuff.

You are all (mostly) morons.. sorry but it's true.
You would let a baby rapist look after your child if he had been good lately.. or if it gave you ROI'z  :D

Amazing how shit like Ethereum is launched as a massively fishy corrupt scam ICO that freaked people out and how no one wanted anything to do with it at all for TWO WHOLE YEARS
..that is until it was pumped.
Then the profiteers came out  ::)

I had one of them tell me it was launched in 2016 hahhaha
Same type of defensive little morons who told me before on IRC that Litecoin was a clone of Doge.

Research ? Due Diligence ? who gives a shit !
I WANT ROI'Z AND I WANT THEM NOW DAMMIT !
SO DON'T FUD MY ROI'Z BRO !!!  >:(

..after a few years of these loser idiots calling me names or trolling me etc.
I lose the interest and motivation to care about profiteers getting ripped off.
Want to jump in a ponzi / pyramid scheme then go hard dumb fucks.
I WILL be around to tell you "I told you so" and laugh loudly in your face ..again ;)

Get some integrity.
That is the key here people in case you haven't figured it out.
I don't want to dictate the morality or ideology for you all.
I just hope you all have *some.. at least a little for fucks sakes.

Mad Catz the gaming peripheral manufacturing company went out of business guys.
In the news story it mentioned how the stock exchange had already delisted their stock for "Fishy activity"
Who is gonna do that in crypto ?
Do you see what a fucking crooked rigged farce this bullshit is ?
No ? I WANT ROI'S SPOETNIK !!!
I *NEED* something to buy jeeeeeez bruh

What do you guys need to hear to pull your little peckers out and go home ?
How many bad things need to be repeated ?

Baby Rape Coin would be big business if it gave your all ROI'z.
90% of you have 0 integrity and could care less about ideology.
The police should not have to shut down LEO coin.. they should not have gotten as far as they did.
Neither should Ripple or the scam Ethereum.

Here is some ideology for ya all.
All you people are doing is pushing crooked scam coins for chump change while making rich people richer.
Is that why we came here ? To make centralized coins to run on centralized exchanges for ROI'z ?

You're sleazy pieces of shit and you will all get what you deserve and you have been warned.
I warned you loud for ages before Cryptsy fucked you over and you lost XYZ shitcoin on there.
You guys know better then want to cry for sympathy or for Lawyers or Police later when you get ripped off.
Not here kidiots.. go fuck yourselves.
You reap what you sow Investards.

One way to learn.. and in crypto that doesn't apply.
Even losing money here will not stop idiots.

I was around for that too. It is largely forgotten that few wanted anything to do with the Ethereum ICO yet the numbers were huge. A big problem with ICO's, they can tell you they raised 10000 BTC... and they could all be held by the Owner & Developers for all you know... there is no vetting.

Ripple
Ethereum
Dash
etc...

all the same... big ICO's or premine or "reserved for development", zero transparency and massive bagholders. Dash didn't even pretend not to be a premine either.

Newbies need to watch out what they're doing right now because they're gonna get crypto-raped when the tide turns back to Bitcoin, and possibly Litecoin w/ Segwit.

A bit off topic but there was two key issues about ETH's launch.
One was it was a shell ICO.. with "Coming soon" features.
So..
Dev's can buy the worthless coins cheap.
Like guys did with Dark Coin / Dash.

It's like launching a coin with a promise but the code is a clone of LTC.
How many people are going to buy them ?
Few..

So i was not the only one to notice creepy / suspicious activity with Ethereum either.
People agreed with me that it was getting super weird how Coindesk was ultra spamming about it before and just after it's ICO launch.
(don't forget ICO's were not generally accepted back then either)
Why ?
No other similar projects got a fraction of the exposure.

Coindesk are crooked.
They admitted to running ASIC's for Doge for ages by posting a story way back asking what to spend the rest on after saying they dump 6 figures.
So trust me those sleazy little assholes are in it for money.. not "news"

When i posted a topic calling Ethereum a scam ICO..
Page 1 users showed up saying..
Someone was buying blocks of them at 100 BTC worth at a time.

Fast forward to the start of 2016.
Hmmm a pump you say ?
Well what was happening between 2014 and 2016 ?
They were feeling out the community over and over.
I noticed on average once a month for 2 years they would ask the community here in the ALT section..
"What do you think of Ethereum?"
Every time i flamed the shit out of them with ICO's are bad FUD etc.
Then they skulked off again..
They knew they needed to pander to greedy idiots and go large so they set up the grandest hype / spam / pump campaign in crypto history.. and it worked.
Setting a wonderful precedent for us all  ::)

So when Butters admitted to dumping 25% of "his holdings" worth 1 million dollars i had questions..
No matter how many times i have asked i never did get any answer.
How did he get them and why did he dump etc.
I also suspect he had more than 4 fucking million dollars worth of shitcoins too.
One of the spammers here miningcache admitted the above info.. how he knows i have no idea LOL

Related ?

Yeah because Ripple is just another scammy heap of bullshit with it's own never ending scammy antics too.

It's a scammy greedy shit scene so it don't matter.
The pusher know their drugs will sell and the buyers don't give a fuck.
Altcoins are a joke.

..not a funny joke either  :(

---

EDIT:

Oh and the comment i made earlier about Ripple and the votes on Cryptsy...
I forget to mention those were PAID votes.
Someone was making sure Ripple sat on the top of the voting list for a year or two out pacing the other 100 coins on the list.. by a LARGE margin.

Staff there said on chat nothing nice about it and it was left on the voting system for a LONG LOOOOOONG time as they refused to add it.
Eventually money talks though.

Ripple never did have a good rep.
The only reason it's tolerable now is because it's a scammy scene full of greedy idiot losers now.
Back then in 2013 roughly people had integrity and would not touch it.

The bar in crypto just gets lower and lower.. scraping on the ground.

I don't think it is possible, even the popularity of the coin is low, never heard anyone excited about ripple and no big investor seems to interested in ripple, no shop or any sites implemented ripple as payment, so my answer will be no, eventhough the coin is in top 10 in coinmarketcap website