Finextra Future Money provokes strong views on fintech innovation...In a later panel, investor Udayan Goyal made the boldest prediction of the day: that crypto-currencies will kill Swift within three years. To back up his claim, Goyal used the example of Fidor Bank, which now uses Ripple to move money between three countries without even touching Swift.Inevitably at an event in the heart of London's financial services centre, there was much soul searching at Future Money from banks trying to work out how they can harness the new wave of fintech innovation... continued[/b] source: http://www.finextra.com/news/fullstory.aspx?newsitemid=26027&topic=payments
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1000 downloads in 24 H
that's a lot of homos. congrats. |
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not bitcoin 2.0, but crypto-currencies 2.0:
ripple
NXT
ethereum
emunie
counter party
open transactions/monetas
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To guarantee the safety of our users we can not accept any money “with strings attached”. If you want to give us money anyway, we'd love to have them. For a really large amount we will find a cool way to show you just how grateful we are. lol |
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lol if it's actually dorian.
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to all: RSC is not a fork of XRP.
i'm all for research and i even threw the idea around in the forum. but i personally, will only join and support an established project endorsed by seti@home, WCG and the like if ever a project decides to issue and distribute tokens based on provable work aka donated computing cycles.
also, read this before opening a trust line in ripple:
It should take a fair amount of effort for newcomers to prove themselves trustworthy. A brand new forum account with a single anonymous post does not and should not engender trust. It should be obvious, but bears repeating anyway, do not add trust lines to address that you do not trust (and don't trust random strangers on a forum!).
- dchapes
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i'm all for research and i even threw the idea around in the forum. but i personally, will only join and support an established project endorsed by seti@home, WCG and the like if ever a project decides to issue and distribute tokens based on provable work aka donated computing cycles.
also, read this before opening a trust line in ripple:
It should take a fair amount of effort for newcomers to prove themselves trustworthy. A brand new forum account with a single anonymous post does not and should not engender trust. It should be obvious, but bears repeating anyway, do not add trust lines to address that you do not trust (and don't trust random strangers on a forum!).
- dchapes
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No one know the market actual Volume added everyday, so there maybe have a lot new dump everyday .
yeah, ripple is still young. but the volume is enough for one to trade and have fun with the network.  check this out: http://www.ripplecharts.com/#/ |
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no. the creators of ripple made 100 billion xrp and gave 80 billion to ripple labs.
call it a ponzi scheme if you want, i think you have already set your mind hard to see it as such so i won't bother arguing like i did in the past.
but the protocol is better than most in the crypto-currency space. nothing can change that.
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granting that there was a gateway in argentina accepting argentine pesos? i couldn't see why not. you see, that is why we are spreading the word about ripple everywhere so we make more and more people aware of it and use it and build stuff above and around it whether you are a trader, a banker, developer, coder, merchant etc.. right now, what ripple needs is gateways, lots of them to make it easier for people around the globe to transfer money into the ripple network. so far we have a few. you can read more about ripple gateways here: https://xrptalk.org/topic/1770-guide-to-ripple-gateways-how-to-move-money-in-and-out-of-the-ripple-network/ and here: https://ripple.com/ripple-gateways.pdfso far the most liquid currencies in the network are btc, usd and cny. for a complete newbie guide, like how to send money in ripple, there are video tutorials here: https://xrptalk.org/topic/2204-video-tutorials-for-beginners/enjoy. |
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^ that's the thing. does it even have to have a monetary gain to help promote the ripple protocol on a community level? or does it even mean that when i promote ripple, i am saying you should speculate in xrp? no. i am simply saying for everyone to try it out and see for yourself if it is something that might be of use to you, whether you are a trader, a banker, developer, coder, merchant etc.. then if not, move on. simple. but before pushing it aside, please read up on it first because most of the people that did push it aside are the ones who didn't spare a few minutes learning about it. again, here's the ripple primer: https://ripple.com/ripple_primer.pdf |
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they changed their default marketcap calculation to "market cap by available supply" recently.
This is the boring and simple answer. Ripple is what it is, maybe it will work though I don't really see how. "They are trading at a ridiculous 70 cents USD which is hilarious for a currency that no one uses." party: "i wonder if these people all share the same mental illness, or if it's more of a general hodgepodge of stupid." Gullanian: "Yeah the problem with this currency is it's pretty much untested and extremely volatile, and a better one might come along, or a security flaw might be discovered which will render the currency worthless in seconds." Scottyy: "Who is funding bitcoin? You can not make money out of thin air. What does Paypal do with the bitcoins people exchange for cash?" source: http://forumserver.twoplustwo.com/30/business-finance-investing/bitcoins-digital-currency-1011408/ |
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Ripple: Dead in the water before it started.
is it? i don't think so. not with these investors behind it: Just some of the VC's that are invested in Ripple. Andreessen Horowitz Andreessen Horowitz is a Silicon Valley-based venture capital firm with $2.7 billion under management. The firm invests in entrepreneurs building companies at every stage – from seed to growth. The Bitcoin Opportunity Fund The Bitcoin Opportunity Fund is managed by Barry Silbert, the founder of SecondMarket and the Bitcoin Investment Trust. The fund invests in bitcoin and other math-based currency companies, including Gyft, Coinbase and Tradehill, among others. Google Ventures Google Ventures is a radically different kind of venture-capital fund. The Google Ventures design, marketing, recruiting, and engineering teams work full-time with portfolio companies. Google Ventures also offers Startup Lab, a dedicated facility and educational program where companies can meet, learn, work, and share. Google Ventures will invest over $1B in the next five years. Founded in 2009, the firm has invested in over 200 companies, including Uber, Nest, Kabam, HomeAway, Parse, ngmoco, and RetailMeNot. Google Ventures is headquartered in Mountain View, Calif., with offices in Seattle, New York, and Cambridge, Mass. IDG Technology Venture Investment Fund IDG Technology Venture Investment Fund is managed by IDG Capital Partners, which, as a leading China-related investment team, was among the first to introduce foreign venture capital investment into China in early 1990’s. Since then the funds under its management have invested in around 300 diverse and successful portfolios, such as Baidu, Sohu, Tencent, Soufun, Ctrip, Tudou, Qihu360, Home Inns, Hanting and Kanghui. Over 70 portfolios have successfully completed IPO or M&A. Lightspeed Venture Partners Lightspeed Venture Partners is a leading venture capital firm with over $2 billion of committed capital under management and investment professionals and advisors in Silicon Valley, India, Israel and China with Lightspeed China Partners. Over the past two decades, Lightspeed partners have backed more than 200 consumer, enterprise and cleantech companies, many of which have become leaders in their respective markets, including Blue Nile, Brocade, Ciena, DoubleClick, eHealth, Flixster, Fusion-io, Informatica, Kosmix, LivingSocial, Lucky Pai, Nicira, Playdom, Pliant Technology, Provigent, Riverbed Technology, Solazyme, TutorVista, Virsa Systems, Waveset, and XtremIO. source: https://www.ripplelabs.com/investors/ |
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also watch this video: http://www.youtube.com/watch?v=sRgfC61Gc3Ei can't find a reason why ripple has no place in the crypto-currency space as some people have expressed. the space has so much room for more improvement and ripple is providing a solution to some of the issues facing bitcoin. |
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peter, you can use bitcoin or any other currency whether fiat or crypto in ripple. forget xrp for a little bit, and think of the ripple network as a whole. the beauty of the network is if you decide to send btc, you can choose which currency the recipient would like to receive. it's a sort of network value exchange on the internet. i suggest reading the ripple primer here: https://ripple.com/ripple_primer.pdfthere are also a lot of other features built in the network like a trading exchange and lots more ideas in the pipe line like smart contracts. why not give it a try. i'd be happy to activate your ripple wallet. just send me a pm. |
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^ amen. it IS brilliant and no one in the ripple community is taking anything away from bitcoin. without bitcoin, this whole movement wouldn't have taken place. as for this: And from the perspective of a speculator or cryptocurrency investor, why do I care about ripples since "ripples are an essentially valueless token with a misleading name." They are probably not an ideal store of value. i personally don't like the idea of hoarding xrp. they should be used rather than being held in order for it to fulfill its role in the network. but i do encourage people to try ripple out. it is an awesome piece of technology. It's funny. There's been a few moments in my life when I've been completely mind-blown by pure brilliance. The first was when I understood Fourier's theory that any function could be composed of an infinite series of sinusoids. The second was when I learned how JC Maxwell took the equations for electricity and the equations for magnetism, and showed that they predicted that there should exist electromagnetic waves that propagate at a speed equal to the speed of light measured by Michelson and Morley--he inferred that light was in fact an electromagnetic wave! being as smart as you are, i am pretty sure you will figure it all out sooner or later. i've seen people less smart do so. |
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peter,
ripple uses gateway iou's, yes. an iou is only as good as the gateway. so let's say the royal bank of scotland and mt.gox become gateways, which of the two would you rather use?
and
"xrp as a valueless token."
is as it should be in my eyes. how can xrp fulfill its function if it is being hoarded? xrp should be used mostly by market makers to provide liquidity in the network, so that it would be easier for ripple to path find the cheapest rates when converting and sending currencies.
but the reality of it is there will always be speculators.
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