Great news! The price is about to EXPLODE |
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They got 80 billion XRP and they didn't pay ANY money for it. There was no price paid for those tokens whatsoever.
Thank you for confirming that you asked a question you already knew the answer to just to make me needlessly jump through a hoop rather than asking an honest question or making an honest argument. This isn't about "jumping through hoops" - you're posturing unnecessarily...im asking you direct questions purely to get a direct response The XRP wasn't paid for, that's the bottom line..you didn't want to answer that directly because you know it would expose a hole in your reasoning XRP not being paid for means that XRP isn't operating under free market forces - which is what decentralisation is all about The facts are: since the 80bn XRP wasn't paid for, you're not operating under free market forces at all. You are manipulating the market in order to artificially inflate the liquidity of XRP That doesnt sound like decentralisation at all. Decentralisation is free market forces, no manipulation, everything being paid for and not allowing any party to gain artificial bias. You are creating a central system in your actions, no matter how much talk of decentralisation you want to talk about. Actions count more than words. A much more authentic way of reasoning would be to say you have both central and decentral elements built into the XRP concept...and that there was an attempt to have a balance, and in the end, the free market will win and decide the ultimate outcome. |
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If you're trying to say that they didnt pay ANY money for the 80 billion XRP, you should say that outright. The question was: what price was paid for the XRP, not whether it was gifted or not (which doesn't exclude a price being paid)
Okay, we're done. I already made it very, very clear that I was only going to respond to an honest question and not an attempt to pretend that you're replying to me while making me needlessly jump through a hoop for amusement. You may have the last word as many times as you like. If by some chance you do actually happen to post, likely by accident, an honest question, I'll probably still reply to it because that's just how I'm wired. If you ever find yourself in the San Francisco area, let me know. I'll buy you lunch and we'll talk over a meal. I bet you're a smart, honest guy in person. That's the person I want to engage with. I'll answer your question for you: They got 80 billion XRP and they didn't pay ANY money for it. There was no price paid for those tokens whatsoever. |
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You've ignored the question and in my opinion you are commenting arrogantly...which doesn't fill me with confidence.
I'm not sure what you mean by "the question". If you have some question you actually want an answer to, ask it and I'll happily answer it. But if you know the answer and want some explanation about the answer, don't ask me the question you know the answer to. State the answer to the question and ask me the about the thing you want explained. Ask the question you actually want the answer to and I'll answer it. But all I saw before was: "For the XRP that ripple has kept to themselves, for what price was this XRP bought for? Or did they just magically allocate it to themselves by not paying a penny?" It's common knowledge that the founders gifted Ripple 80 billion XRP, primarily to align incentives. One of the disadvantages of distributed agreement protocols like Ripple's consensus is that, unlike PoW, there is no known way to use them to perform an initial distribution of a token. While they do have many advantages (particularly, much faster certainty of confirmation), they do have some disadvantages as well. If you're trying to say that they didnt pay ANY money for the 80 billion XRP, you should say that outright. The question was: what price was paid for the XRP, not whether it was gifted or not (which doesn't exclude a price being paid) If im honest, you sound like a politician that is trying to steer the conversation in a different direction Everybody else take note.... |
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^Since your a ripple employee, you should be mindful that investors in ripple are reading your comments
You've ignored the question and in my opinion you are commenting arrogantly...which doesn't fill me with confidence.
Everybody else take note. It reflects badly on you and on ripple which are you seeming to represent.
You could have easily answered the question but have deliberately refused to.
Once again, the XRP which ripple has kept for itself, how much was paid for this XRP?
This isnt necessarily for my benefit..its for the benefit of EVERYONE reading this thread.
----
If you want people to invest in XRP, you should be freely willing to disclose information, not posture and position yourself like you are
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You only have to ask two questions:
1) Is Ripple's consensus algorithm capable of operating in a decentralized way?
2) Is it plausible that someone could have accidentally developed such an algorithm without intending it to be used this way?
Satoshi's biggest breakthrough was finding the first way to solve the double spend problem without a central authority (proof of work). Our first breakthrough was finding the second way (a distributed agreement protocol that doesn't require a leader or complete prior agreement on the participants).
This is the type of "ignoring investors comments" that won't win you any brownie points...everybody else take note.... A much more respectable way to approach this would be: a) to acknowledge the concerns raised as the ripple/xrp concept has evolved b) acknowledging that investor feedback and comments has been taken on board to evolve things on the right line You have done neither...actions of ripple and XRP dont match your words. It seems you're unable to have a dialogue so everybody else take note Once again: For the XRP that ripple has kept to themselves, for what price was this XRP bought for? Or did they just magically allocate it to themselves by not paying a penny? |
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What is this "original" whitepaper you're referring to? https://ripple.com/dev-blog/consensus-whitepaper-released/ ? I prefer to look at code instead of papers and rippled was from the beginning designed to operate in a decentralized way ( https://github.com/ripple/rippled). If you are so certain that the initial strategy was heavy centralization and Ripple Inc. changed it because of criticism in this forum here, you surely have some substantial proof of that, right? Proof comes from actions because actions count more than words....why did they keep 60% (or more) of the XRP if its not centralisation? Seems to me they are talking about decentralisation now, when before they were (through their actions) wanting to be centralised..owning 60%+ of the XRP "The predecessor to the Ripple payment protocol, Ripplepay, was first developed in 2004 by Ryan Fugger,[18][19] a web developer in Vancouver, British Columbia.[20] Fugger conceived of the idea after working on a local exchange trading system in Vancouver, and his intent was to create a monetary system that was decentralized and could effectively allow individuals and communities to create their own money. Fugger's first iteration of this system, RipplePay.com,[21] debuted in 2005 as a financial service to provide secure payment options to members of an online community via a global network.[20][22]" https://en.wikipedia.org/wiki/Ripple_(payment_protocol) This is interesting...thanks for this.... So, the predecessor in his intention was to be decentralised, but then they went centralised in their actions by owning majority of the XRP, and now they are talking about being decentralised again due to investor pressure and being called out..... I would say actions count more than words...if its to be decentralised....like all the other cryptos out there, then why keep the majority of the XRP to yourself Also, for the XRP that they kept to themselves, for what price was this XRP bought for? Or did they just magically allocate it to themselves by not paying a penny? So in which case, the valuation of XRP is unjustified |
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1) Do you think it would be bad for us if XRP was unarguably more decentralized than bitcoin? Isn't it clear that would be awesome for us? If not, what downside do you see?
2) Do you think our technology is incapable of being fully decentralized? If so, clearly explain why.
3) If it's in our interest for XRP to be more decentralized than bitcoin and our technology is capable of it, why do you think we wouldn't be aggressively pursuing it?
The only reason you're even talking about decentralization is because crypto investors here are calling you out on it... Show me where you talked about XRP being decentralised when you first launched the concept..when you first launched the concept you kept a whole load of the XRP to yourself...centralisation pure and simple. The questions your posing are mute points..its simply you changing your track because you've been called out. Your trying to cover it up by saying decentralisation is good Actions count more than words. Doesn't matter what mental gymnastics you want to play If you're not going to respond to my arguments, don't pretend to. Yes or no, do you think increasing decentralization is in Ripple's interest? Yes or no, do you think our technology is capable of operating in a decentralized configuration? "The questions your posing are mute points..its simply you changing your track because you've been called out. Your trying to cover it up by saying decentralisation is good" Do facts matter at all to you? Why is it so much more important to you what we say than what is actually true? Is decentralization good for us? Yes or no? Defend your answer. You cannot do so, so you change the subject. Why aren't you up in arms at the bitcoin community for allowing China to decide which transactions go in a block? Maybe they're not focusing on that problem because nobody is calling them out on it. If nobody's making it a big deal, maybe that's because it really isn't a big deal. Do you think the bitcoin community should make this problem a major focus right now just because I'm making a big deal about it? Or should they focus on the actual day-to-day issues their actual users are facing? So even if you're right, you're just accusing us of being sane and rational and not making something a priority when it actually isn't to real users. Once again, show me where in the original concept ripple talks about being decentralised...show me in the whitepaper. The whitepaper is the facts. If you aren't willing to respond to that, I conclude your guilty of covering your tracks. Funny how suddenly you become the savior of decentralisation when we're calling you out on it!! Haha
Everyone else take note - ripple has suddenly become the savior of decentralisation because we've called them out on it...lolYes..of course decentralisation is a good idea...a concept that you're now harping on about because we called you out on it You have changed your track and that is a good thing, but once again, show me where in the original XRP and ripple concept that you have decentralisation as your core concept...it's not there is it?? Show me the facts of what you originally wrote in the whitepaper |
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I second that...noobs are dumping whilst all the smart people are holding
Seems like noobs are happy to make a quick buck, not realising how much more they will make if they hold
I've been holding for a very very long time since the start.....
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1) Do you think it would be bad for us if XRP was unarguably more decentralized than bitcoin? Isn't it clear that would be awesome for us? If not, what downside do you see?
2) Do you think our technology is incapable of being fully decentralized? If so, clearly explain why.
3) If it's in our interest for XRP to be more decentralized than bitcoin and our technology is capable of it, why do you think we wouldn't be aggressively pursuing it?
The only reason you're even talking about decentralization is because crypto investors here are calling you out on it... Show me where you talked about XRP being decentralised when you first launched the concept..when you first launched the concept you kept a whole load of the XRP to yourself...centralisation pure and simple. The questions your posing are mute points..its simply you changing your track because you've been called out. Your trying to cover it up by saying decentralisation is good Actions count more than words. Doesn't matter what mental gymnastics you want to play |
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The market is moving because stratis has:
- breeze wallet coming out...huge update giving it direct link to bitcoin users, it will be MASSIVE
- VC funding rounds
- a proven corporate team, that is quick, fast to implement changes and good communicators
- lots of other updates...see the roadmap
People are waking up to this and putting their money in...stratis also delivers good returns for investors, helping the price
Stratis goal all along is top 3 market cap and its doing a good job of things...a brilliant community
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The important thing for now is not to sell stratis but to HODL So many major announcements coming with stratis that this really is the lowest price I feel...would be seriously stupid to sell.. VC and breeze wallet announcement coming shortly..its not too long now Stratis is gonna be HUGE:  |
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Can someone explain to me what the breeze wallet will do? I managed to trade a bit and made 5 more stratis trading and bought my Hubby another 74 strats today so now we have 470 STRATIS is not a lot but is good yes?
Breeze wallet allows all bitcoin wallet holders to make their transactions anonymous. Its a huge privacy leap for bitcoin and it makes bitcoin directly linked to stratis. This kind of privacy doesn't exist just now.. Its a huge update and a game changer Bitcoin holders will have direct exposure to stratis technology from the breeze wallet, meaning the price is gonna SKYROCKET See here for details: https://stratisplatform.com/2017/03/02/stratis-breeze-wallet-redefines-financial-privacy-for-blockchains/Thank you kindly for this. I wanted to also ask some advice, is it too late to buy up more STRATS now or shall I try my best to get to at least 1k STRATS over the coming month? What do you suggest or is it reaching it's peak now? I would continue stocking up if I were you...breeze wallet will be HUGE Its coming, and its coming soon... See the stratis roadmap for all the other big updates planned |
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Can someone explain to me what the breeze wallet will do? I managed to trade a bit and made 5 more stratis trading and bought my Hubby another 74 strats today so now we have 470 STRATIS is not a lot but is good yes?
Breeze wallet allows all bitcoin wallet holders to make their transactions anonymous. Its a huge privacy leap for bitcoin and it makes bitcoin directly linked to stratis. This kind of privacy doesn't exist just now.. Its a huge update and a game changer Bitcoin holders will have direct exposure to stratis technology from the breeze wallet, meaning the price is gonna SKYROCKET See here for details: https://stratisplatform.com/2017/03/02/stratis-breeze-wallet-redefines-financial-privacy-for-blockchains/ |
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I read this beauty here from the iex.ec whitepaper:
The iEx.ec team was instrumental in establishing the European Desktop Grid Infrastructure,
transparently executing millions of jobs on more than 200.000 nodes and working with organisations
like the Large Hadron Collider. We had been in constant relationship with key industrial companies like
Total, Airbus, Orange, IFP Energy, as well as innovative startups.
Iex.ec is already working with some of the biggest corporations in the world - TOTAL and AIRBUS....can't get any more top tier than that!! Those are global multi-billion dollar companies, meaning the roads this team has is huge
Im putting more money in this...I dont see stuff like golem competing with this at all. Golem has no chance whatsoever in comparison to this
Not to mention the academic credentials of the team..world experts in computing
that is the reason why RLC price is going up, time to buy more RLC right now!! price is not raising more as usual. shortly after someone dumps quite some rlc. Iex.ec is already working with some of the biggest corporations in the world - TOTAL and AIRBUS....can't get any more top tier than that!!
Im putting more money in this...I dont see stuff like golem competing with this at all. Golem has no chance whatsoever in comparison to this
When i read this, i read scam. Golem has a good chance as well and developed MUCH better and much more STABLE than RLC. I invested in both and i watch closely and i say something is wrong with RLC right now. If your talking about scam you've got the wrong mindset completely What is golem's track record in this space? are they industry experts? They arent working with corporates and they arent industry experts at all The golem guys seem to have no qualifications in the grid computing space..and no corporate inroads whatsoever iex.ec has a proven team that is already working with big corporations, with a detailed whitepaper and the full qualifications of their team written out in stone. Also golem is based out in poland which is a low productivity country....whereas iex.ec is based in france..giving iex.ec a big advantage I have put significantly more money in iex.ec than golem.. |
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I'm in it to win it. Long term. Thanks for the advice, but I'll take the risk. Even if it does tank, I know where it's going long term.  Exactly...im in it to win long term as well The markets are too good right now.. And with breeze wallet just around the corner with a solid roadmap, stratis is gonna double in price again |
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Stratis has made me a millionaire 4 times over now. Thank you Chris. I'll be holding to $100+  If you are already a "millionaire" then you need to be liquidating amounts to put into your bank and backup with real assets. If the price of Stratis goes to $0.00 tomorrow then you are not a "millionaire" anymore. Just because you have numbers on a screen doesnt make you rich. People need to learn to book profits and take money off the table when they can. Sell stratis and pay off any and all debt then you will truly be financially free. This is rubbish financial advice, and not how millionaires think Your talking from the point of view of scarcity and risk....the wrong mindset |
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I think the main gripe people have with ripple is that ripple has kept a lot of the coins for itself and is using a BIASED system...its not operating under free market principles.
If all the XRP were freely available through an ICO at the start or something, then that would shift people's opinion on it
Ripple is using a BIASED system...it doesnt matter if the XRP concept actually works or not
Crypto investors know its a biased system that helps incumbents in the financial industry
And as we all know, the financial industry is corrupt and rotten to its core.
So, there is literally no wonder that so many people are vehemently against ripple
Crypto investors looking for a quick buck are investing in ripple not knowing they are sheep walking into the lions den and supporting the corrupt bankers who have:
- overinflated house prices globally with a huge ponzi scheme that is totally unsustainable
- lost trillions in dollars in the 2008 crash and crashed the global financial system already, having to be bailed out with government funds to the tune of hundreds of billions
- charging interest and making profit on money that isn't even theirs to begin with! Banks were designed to be trusts, not profit makers. By attempting to make profit from other peoples money, they ended up collapsing the whole system! The banks arent actually trading..they have created a ponzi scheme where they have to keep lending in order to generate more funds
- having closed door investment systems. Bankers invest in IPOs and give private equity to startups...they deny the average person access to real investment opportunities to make money. With crypto ICOs, anybody can invest in a startup and make a fortune
Yes people investing in xrp can make a quick buck (and ive made a lot of money from ripple too..I wont deny that)...
This nonsense though that by evolving banks through digital payments, we make finance better is like saying if I use a sharper knife to murder someone, it causes them less pain
The bankers are rotten...everybody knows that...corporations in their nature generally can be rotten..look at pharmaceutical companies for instance...hiding cures for diseases just to make a quick buck. Look at companies like walmart and tesco - selling 90% junk food, full knowing the crap they sell will cause a lifetime of heart disease, obesity, cancer and strokes
Banks are the most rotten of the rotten...the people who have sold themselves to the devil and are masquerading as saviours of the world. Most people are brainwashed to just follow what big brother and the larger system says.
The point of crypto is for the people to re-gain the power...so that bankers cant play their ponzi scheme any longer.
Anyway, this is saying nothing about the concept of XRP which may indeed be valid. But in terms of criminality, living life as the devil and being the most crooked most corrupt of organisations, nothing can pretty much beat the banks.
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I read this beauty here from the iex.ec whitepaper:
The iEx.ec team was instrumental in establishing the European Desktop Grid Infrastructure,
transparently executing millions of jobs on more than 200.000 nodes and working with organisations
like the Large Hadron Collider. We had been in constant relationship with key industrial companies like
Total, Airbus, Orange, IFP Energy, as well as innovative startups.
Iex.ec is already working with some of the biggest corporations in the world - TOTAL and AIRBUS....can't get any more top tier than that!! Those are global multi-billion dollar companies, meaning the roads this team has is huge
Im putting more money in this...I dont see stuff like golem competing with this at all. Golem has no chance whatsoever in comparison to this
Not to mention the academic credentials of the team..world experts in computing
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To move so called "value", all you have to do is put a minus on the sending side and a plus on the receiving side..that's all there is to it.
No, that doesn't work. Eventually you wind up with a big positive number on one side and a big negative number someplace else. Then the guy with the big positive number needs to wire out money on a domestic payment system or some other rail, and he doesn't have any money in that other payment system. If I want to send $10k from India to USA, its a 10k debit in India and a 10k credit in USA.
However you want to track that (using a token) doesnt mean you have to buy the token as well in order to "settle"
That doesn't actually settle. It just tracks debt. The entity that owes the money eventually has to settle the debt with some movement of actual value. I could use R3 token to do the same thing as what you propose, without their being any sellable value of itself, outside its immediate function of tracking who is owed what
I don't see how that would work. Say I'm the only bank in the US that uses the R3 token. I have a billion of the R3 token with a value of one billion dollars US. Now one of my customers wants to make an ACH payment. What do I do? Or say the US payment hub has way more R3 tokens than the Japan payment hub. Now what happens when people in the US payment hub want to move their dollars out of the payment hub? Where does it get the dollars from to cover? You can use this as a single-currency payment system and as a way to net out opposite flows. But it still leaves you with a settlement problem. The case for a crypto-currency for global settlement is very strong. Of course, what fraction of that market XRP will be able to get is an open question, and it's Ripple's (the company) major focus. This is quite an interesting reply so thanks for this and taking the time to answer...... Settlement then appears to be a complex thing, because the whole financial system is complex and not as simple as it sounds...settlement also appears then to be a mathematical issue So what you're saying is using an R3 token with different links to fiat doesnt actually work because there's still a settlement issue, and a liquidity issue, based on the way the mathematics of the transactions work. If I transferred dollars out on a valueless token, it creates a minus on one side which still needs to be filled with something. Banks using their own token across different fiat pairs (and multiple tokens for different fiat pairs) would also actually take more liquidity than just using an XRP token for all fiat pairs, which has (or will have) the necessary liquidity already, to actually transfer "real value" in terms of being able to fill the void when a minus or plus is created on either side of a transaction I think if what you're saying is right, it means even if banks used their own R3 token, it would only work if it had enough liquidity and enough people were on board. And by that, I mean not just banks on board, but other financial institutions, intermedaries etc So, that would tell me that XRP is still alive..unless im missing something I agree that banks might not jump into XRP without regulation of the whole industry...all exchanges that trade XRP will have to be regulated etc |
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