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Just putting some thoughts out there about NEM....
NEM is a great investment and I see it closing the gap with ethereum.....
Eventually I think more bugs and security issues will surface with ethereum, because ETH code needs a high level of skill and specialisation to do advanced things...a problem NEM doesnt have at all.
NEM is probably the most secure high end blockchain solution there is, and it can create the advanced apps like ethereum without the headache. I think when the headache of ethereum is fully understood, it will help NEM along
NEM also has huge corporate interest in asia - so its going to explode
Im throwing some more money in as we speak
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Ive invested in this technology
My reason is: The team behind it is first class - academics and world experts in the grid computing field, with a proven track record, tonnes of science and real results behind them. The whitepaper is stellar
They've also had a lot of communication with big corporate companies and have all the in-roads they need to make this a real winner
I would expect this project to be very successful and shoot up in price when the word gets out
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That's not possible. The various international currencies change value with respect to each other. While these changes are typically small, so are the costs and profits associated with payments.
Yes of course I mean the numbers will change with respect to each other E.g today they may be: 1 x R3 = $0.25 1 X R3 = £0.20 Tomorrow they might be: 1 X R3 = $0.21 1 X R3 = £0.22 They already have this. They just do it for every fiat currency. The problem is that it doesn't actually move value. So it requires a separation between payment and settlement. The problem we're solving is the actual movement of value. When it comes to fiat, value isn't a real physical thing. Its just an arbitrary concept based on what people believe is true. It is based on consensus and expectations. Perhaps a better definition of what you mean by value might help, because value isnt this concrete thing you're saying. 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. 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" Because only a token that can be bought and sold has actual value and therefore can serve as an actual means of settlement. Imagine, for example, a European banking hub that needs to settle with an Indian banking hub. Market makers in India might well be willing to swap Rupees for XRP if they can use those Rupees to pick up Euros for cheap or use them to fund their own extraterritorial payments. I think there might be confusion as to what we mean by value. Value is based on consensus and expectations and isnt fixed in stone. Especially when it comes to fiat. If all global banks make an agreement that they will use R3 token (pegged at whatever rate, which varies as mentioned above), then that serves as the means of settlement as well. 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 For sure banks will do these kinds of things, but I think XRP is well-positioned to compete with them. In particular, XRP is well-positioned to bridge these jurisdiction-specific and currency-specific domestic payment schemes.
I see...it may come down to the way the proposition is positioned at the end of the day. Because positioning is of course important. I dont see banks being dumb though and if they have an R3 option sitting there (where they dont have to pay to buy the token, and there is no volatility from open market prices) then that can change things and compete with XRP effectively |
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Last thing, as for banks using the quickest and easiest way, it would seem to me that the quickest and easiest way would be to bypass the liquidity issue altogether and peg cyber tokens (with no dollar value) to fiat. And then use that. Why does the cyber token need to have any money value whatsoever? Why does the XRP have to have any monetary value? It doesn't.
Banks can just as easily make their own tokens (with no dollar value) and peg that to fiat. Which is what groups like R3 could very easily do
I don't understand what you're suggesting. If the token has no dollar value, what purpose does it serve? Do you mean it merely keeps track of who owes what to whom? If so, how do you settle those debts? And when you say "peg that to fiat", do you mean to have one such token for each fiat currency? If so, how do you provide cross-currency liquidity? Or do you mean to peg one token to more than one fiat currency? How do you do that? I think what you might be missing is that the main issue is moving actual value between islands of liquidity. How would a valueless token move value between, say, Europe and India? The kind of system you're talking about (if I understand you correctly) is great for domestic payments and very similar to what many countries currently use. It doesn't move value though, so it doesn't help much with the problem Ripple is targeting. You would have one token only - say R3 token which has a fixed rate to each fiat currency. Examples: 1 x R3 = $0.25 1 x R3 = £0.20 The same way that 1 x XRP currently equals $0.226 The difference though is that R3 isnt a sellable token on any open market exchange or outside a banking system. Its purely an agreement between the banks to keep track of who is sending what and who is receiving what. Nobody has to "pay" anything to buy the token itself, yet it can still transfer liquidity across "islands" There would be "value" for lack of a better word in the token because it's pegged to a fiat amount, but its not sellable outside its immediate function. This is the ideal way to save banks money, plus reduces volatility by stopping outsiders manipulating the price/supply etc. Why the bank should have to pay for a token that the bank itself has made doesn't make sense. If the banks all agree to use a middle token then that will be that...no money has to be involved in "buying" the token. What ripple is doing with XRP is selling an open market token to the banks..but the banks dont need to use an open market one...surely they can use a closed-doors one? Why does the token that banks use have to be open market? Which is where stuff like R3 and ripple being open source (+ other techs) makes the xrp offer less attractive |
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Ive put some more money into Shift just now....have made some decent profits so far (3x my initial investment already) and its at the right price to buy even more (ie still very cheap)
Cheap coins is what I like to invest in, because then there's more steroid-like growth and returns if it takes off
Im expecting Shift to explode sometime down the line, so 3-4x my new investment even more is the minimum id expect
They have a roadmap, its an interesting tech and it seems everyone realises the tech is going to grow
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Hi everybody, I find the use case of pluton very promising. I signed up at https://dex.plutus.it/ but can't upload the KYC file? Anybody else experienced this problem? I see on https[Suspicious link removed]Iw how the app is used in app-store, but I can't find any app on the google-store. Also the latest video is 11 month old. Is this a scam? regards Yes this is a scam. If you read through the whole website, twitterfeed, bitcointalk thread and join their slack (which I am sure you did not) you can only conclude that this is a scam, because there is no app yet available in the app store. Better invest in Tokencard or Monaco. They got some really nice fancy graphic mockups of their final product and some great partnership pictures where they are popping champagne bottles. Thanks for giving such great arguments for your suspicion! WTF, just because a tech doesnt have an app, doesnt suddenly make it a scam dude Their website and team seems legit..and the concept seems interesting It could be that the app was taken down due to bugs/requiring fixes |
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If every bank creates their own token, you just reinvent the settlement problem.
If banks create tokens backed by fiat, then each token is tied to a jurisdiction and there's still a huge market in providing liquidity across jurisdictions. (This would be one possible way to improve domestic payments.)
If banks create unbacked tokens, then they have to incentivize all the liquidity themselves and we're way ahead of them with plenty of bank support. They'd have to raise and expend all the funds that we already have.
I have almost no doubt that all of these things will be tried and that some of them will be successful. Bitcoin could also gain significant market share as a settlement currency between inter-ledger exchanges locked in particular jurisdictions (the payment tech Ripple is cooperating to build will, I hope, be good for many cryptos). We think we can position XRP to compete on a level playing field.
You might also start to see more organic growth of XRP. XRP transactions are much faster, cheaper, and more reliable than transactions on any other major blockchain. And XRP has many features that other blockchains don't such as key rotation, native multisign, native support for arbitrary assets, order books, and cross-currency payments, and so on. It may not just be Ripple pursuing international payments for much longer.
Of course, there are no guarantees. These things also might not happen.
This is the money post and what it all boils down to in the end Can banks go it alone and get the liquidity themselves to make their own ripple-like blockchain system work? Or can XRP gain enough liquidity (through crypto markets etc) to make banks want to use it? Its almost like a chicken and egg problem. It makes XRP somewhat dependant on liquidity from crypto investors...many of which don't want a centralised system...which is why crypto investors invest so heavily in tech's like bitcoin etc as it is It seems your assuming that XRP has its own source of real liquidity beyond crypto investors too, perhaps getting banks to buy the XRP tokens.... But if the XRP tokens come at a high price, it incentives the banks to group together and make their own, cheaper system. Another important thing: Could it be that the banks don't need to have a real liquidity amount in their ripple-like system to begin with? They could just make up an arbitrary token in cyber space, with no actual sellable value in dollars/fiat. And then fix that at certain rates to fiat..and then use that. So, liquidity doesnt have to be an issue at all. Liquidity isnt required because the token for inter-bank payments can just be fixed to fiat amounts to keep things simple, and with no dollar re-sell value. Banks can just use a fake token and peg it to fiat and use that for inter-bank and cross-border transfers. Who says the token has to have any value? Your making a huge huge assumption there..... It obviously saves the bank money if the token has NO value, instead of having to fork out and deal with a volatile token price on the open market So....it seems like Ripple is trying to sell a concept to crypto investors that doesn't necessarily have to be the way for banks. Not to mention that crypto investors dont like centralised stuff. The nonsense that miners make things centralised is false. The open market determines the price of tokens and not the miners. Whereas by XRP keeping control of a huge chunk of the supply of XRP, they can manipulate the open market at will. There has to be a clearer roadmap shown for the XRP concept that can convince crypto investors why a bank will want to use it. Because tokens (like XRP) for inter-bank payments dont need to have any value. You can just make the value up if the consortium of banks are in agreement. ----- Last thing, as for banks using the quickest and easiest way, it would seem to me that the quickest and easiest way would be to bypass the liquidity issue altogether and peg cyber tokens (with no dollar value) to fiat. And then use that. Why does the cyber token need to have any money value whatsoever? Why does the XRP have to have any monetary value? It doesn't. Banks can just as easily make their own tokens (with no dollar value) and peg that to fiat. Which is what groups like R3 could very easily do ------ I wont deny that ripple has a great team and can get things done..and it has a proven track record and there's so many VC firms investing in it, that they clearly saw a lot of light in the idea. And btw, just as full disclosure, I did make some money from XRP so I have made money out of it, but seems ripple doesn't have to be the $100bn+ market cap beast that people initially thought it would be. It can have a place in the market for sure, but there's still huge questions and uncertainty when questions like above are asked So...clarity there would be super helpful |
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There's plenty of news about stratis in the main stratis section in the alt coins bit
Breeze wallet is coming out shortly...the price is going to double...
Also many people are realising the team is rock solid which is quick to deliver results....and they have a brilliant roadmap (which they just reposted today, presumably helping the price to go up), and that shows stratis has plenty of room for growth, and they are doing legitimate stuff
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Coinigniter seems to be worried that ripple "controls" most of XRP, so somehow its not going to rise because of that because people will get cold feet? Thats nonsense...it just shows how little you understand the business mindset..thats not how it works, how banks think, how entrepreneurs think, and how a crypto investor should think And yes, banks WILL be using XRP....have you even read the ripple whitepapers?  ? It looks like you haven't Ripple's goal is to make XRP the defacto standard...thats what their whole mission is...and they're almost there with a proven leadership that can deliver real results at the highest level...all the banks are in bed with ripple with legs spread |
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Im getting a lot of questions on how I invest so i'll just put this out there for newbies to help anyone who wants to make a killing in crypto
First, you look at coinmarketcap.com or other similar sites and get a good overview of the crypto market..after that you research all the main techs to see what's good and what isn't..for that a solid understanding of blockchain, crypto and what's actually a good tech vs a pump/dump/scam is what you need..and that comes from experience and investigating a lot of techs over time..eventually you know whats a good tech vs crap
You also look at sentiment for a crypto tech to get an idea of what other investors are saying using reddit, this forum and twitter
Next, you look at the team behind a tech using their website...is it a good team with a proven track record? Are they up front about their leadership? What qualifications does the team have? Are they a corporate team? Do they have VC backing? Are any industry players investing? Who is the team working with?
Next, you look at the tech whitepapers to see if they know what their talking about.
Next you look at their roadmap and actual plan..a crypto tech needs to have a roadmap
You also look at things like slack, any google news about the company, coindesk.com and anywhere else where you can get key info to influence your investing decision
Once you've done all that (and its quite straight forward once you've done this for a while), you can then be safe knowing its ok to invest there, or whether its a weak investment
Looking at tech fundamentals and whether the leadership for a team is good is more important than whether that token is temporarily being pumped or dumped
Stratis has a great team, they have a roadmap, they have whitepapers..they are delivering results....its a great community...so its safe to say its a good solid investment
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Just think...stratis is gonna double up again when breeze wallet officially comes out
So it's still a good time to get in for those that are sitting on the sidelines
(btw, my total stock in stratis is now worth $850k)
Wow, congrats So in your opinion you'll be millionaire when breeze wallet comes out  Thanks for all the kudos guys and gals Anyone can do it...important thing is to start now and keep a clear head...stratis has a roadmap, a great team and are quick to make things happen...perfect ingredients for a winner Stratis will double again when breeze wallet comes out imo...this could be really big So...dont see any reason why you cant double your money |
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Just think...stratis is gonna double up again when breeze wallet officially comes out
So it's still a good time to get in for those that are sitting on the sidelines
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I would advise everyone to put coinigniter and other trolls on ignore...real investors value their time and need to sift through endless crap to find the goods
I've made over $800k on ripple alone...one of my many investments....
And I invested when nobody had even heard of ripple...3-4 years ago
So.....when n00bs who started trading last week act like experts...and have literally no clue what they're talking about, they need to be called out
Until you've made your first $500k in crypto, time to listen more than you talk....you don't sound like a real investor or entrepreneur and the signs are all there
I follow this thread to see sentiment...but don't forget who's reading here and how stupid idiots like coinigniter sound
The noon calling a noob a noob. Lol. Newbie on the forum doesnt mean newbie in real life... If the extent of your understanding is "online reputation" then its obvious why you don't have a clear mind to invest properly Look beyond hype and look at actual fundamentals and implementation - all the banks are in bed with ripple...those are the facts All you're doing is FUDing Real question for you is: how much money have you actually made from ripple to be making these types of assertion? Tell me how much money you've made from ripple (honestly) or STFU Bought 2BTC of XRP on Match 1st for .00000444 and sold on May 16th at .000195 so please sit back down. It didn't take me 3 years to make a profit. And if you want screen shots of the orders I'd be more then happy. Ok, so this tells me you're an absolute beginner...nothing wrong with that..but its important to put your claims into perspective Thanks for letting us know |
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I would advise everyone to put coinigniter and other trolls on ignore...real investors value their time and need to sift through endless crap to find the goods
I've made over $800k on ripple alone...one of my many investments....
And I invested when nobody had even heard of ripple...3-4 years ago
So.....when n00bs who started trading last week act like experts...and have literally no clue what they're talking about, they need to be called out
Until you've made your first $500k in crypto, time to listen more than you talk....you don't sound like a real investor or entrepreneur and the signs are all there
I follow this thread to see sentiment...but don't forget who's reading here and how stupid idiots like coinigniter sound
The noon calling a noob a noob. Lol. Newbie on the forum doesnt mean newbie in real life... If the extent of your understanding is "online reputation" then its obvious why you don't have a clear mind to invest properly Look beyond hype and look at actual fundamentals and implementation - all the banks are in bed with ripple...those are the facts All you're doing is FUDing Real question for you is: how much money have you actually made from ripple to be making these types of assertion? Tell me how much money you've made from ripple (honestly) or STFU |
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I would advise everyone to put coinigniter and other trolls on ignore...real investors value their time and need to sift through endless crap to find the goods
I've made over $800k on ripple alone...one of my many investments....
And I invested when nobody had even heard of ripple...3-4 years ago
So.....when n00bs who started trading last week act like experts...and have literally no clue what they're talking about, they need to be called out
Until you've made your first $500k in crypto, time to listen more than you talk....you don't sound like a real investor or entrepreneur and the signs are all there
I follow this thread to see sentiment...but don't forget who's reading here and how stupid idiots like coinigniter sound
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Ripple will lock-up extended XRP supply in june. We see what the price will do  Problem is that they are not locking up everything they control. There will be 54 smart contracts worth 1 billion each. That still leaves 8 billion that they can use to pump and dump on the market just as the did at the last ATH where they sold 5 billion tokens then preceded to purchase them back at a lower price. There have also been strange fluctuations in total token circulation out side of the ATH's. Because of the fact that they own 62 billion tokens this seems like a straight ATM play for Ripple Inc. They use the token inventory they have to enrich themselves and their investors by selling high, crashing the market with sheer volume of tokens then purchasing them back at a lower price. As long as they can keep everyone thinking that they have a viable coin they will continue to abuse their leverage. You can't win when the other side holds all the tokens. Additionally lets look at total market cap. There is no real upside potential outside of a long shot year end $1 per coin value that then starts to crash immediately upon the flooding of the market with an additional 1 billion tokens per month. Total crypto market cap peaked recently at just under 90B. In 5 years 100 billion XRP tokens could be in the wild and for them to be worth even $10 per token that would be a $1 trillion dollar market cap just for XRP alone. I just don't see this coin as being anything other then a scam that will be perpetually perpetrated to enrich only the VC's of Ripple Inc. XRP won't be used by banks and adds no value to Ripple Inc. other then as a personal ATM machine. This shows how little you understand ripple, XRP, the fundamentals of the technology behind it and what the vision of ripple is I would urge everyone to ignore what you're saying because its nonsense..you don't know what you're talking about |
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XRP is way way underpriced still
Those fools talking about overvalue have no idea what ripple is actually about and how many banks are adopting it. Ignore the trolls
XRP is worth at least $100bn+ in my books.....have been holding it for about 3-4 years now and will continue to hold
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One thing id say about poloniex is: their customer support is ridiculously slow, and that doesnt fill me with confidence at all.
For the largest exchange in the world, their KYC verification takes forever..and in that time they could be doing anything with my coins
I have a few other investors who also have very low withdrawal limits. Theyre unable to take their money out that easily and its taking forever to get verified
So, that shouldnt fill someone with confidence at all...poloniex needs much better customer support, quicker KYC verification times and better transparency of who they are, who is in their team, where their offices are etc...right now we dont know enough about poloniex and its the biggest weakness in the whole crypto world
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I honestly believe xrp has a chance to take on bitcoin for the top spot..its the only real player.
XRP is faster and cheaper than bitcoin and its proven to work, with an amazing committed team that knows how to get results and scale.
So, this is just the start of whats to come and XRP is still way underpriced
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Time to step back from the coal face.
Market cap of 400-odd million, up 5x in the last few months. What do we think from here?
Is this the next BTC/ETH, or does it slip back into obscurity?
It wont slip back....its where eth was at about 2.5 years ago. There's lots of corporate interest in asia for NEM and solid development..... The way I see it..dont follow the charts as much as you follow the news and the actual results coming out..because NEM speaks for itself |
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