another good article written on the XRPhttp://www.coindesk.com/ripples-xrp-giving-third-largest-cryptocurrency-second-look/ Let me guess another analyst that has taken the time to analyse but knows less than you guys that cant answer simple questions that people ask. More and more people are catching onto the truth behind XRP (not Ripple)

'It wasn't until much later, when I read Peter Todd's now infamous analysis on Ripple's predecessor, Ripplepay, that I began to understand not only what Ripple is, but also what I had only sensed intuitively about the XRP token.'

'A few years after bitcoin was launched, OpenCoin, later Ripple Labs, took over Ripplepay. They completely reworked the protocol. The concept still revolved around managing IOUs, but inspired by bitcoin, they also included a new token called XRP.'

'As Peter Todd pointed out in his study, the new requirement of a global consensus protocol – which arose solely from the decision to add the XRP token – also has serious implications on scalability and security. If the token results in a more complicated, more centralized, less secure and less scalable protocol, you have to ask, why the token was added in the first place? What was wrong with the original concept, which is often compared to an electronic Hawala system, which needed no monolithic global consensus or ledger, and thus could have scaled almost arbitrarily?'

'The original argument, that the token is needed to counter network spam is not a good one; spam can be prevented by other means, including charging transaction fees that can be paid in any currency on the network, instead of just in XRP. The other argument I hear nowadays, is that XRP would be used as a sort of reserve currency by banks or liquidity providers on the network.

This seems pretty far-fetched to me; why would liquidity providers not use any other common (reserve) currency like US dollars for that, especially considering the highly volatile price of XRP ?'

There have been a few proof-of-concept implementations and recently Thailand's Siam Commercial Bank announced they starting using Ripple software for Thailand-to-Japan remittance.

This is a big deal, but it needs context; first of all, SCB bank is an investor in Ripple company, making it fairly logical they would experiment and promote the blockchain technology they invested in. More importantly however, I see no mention of XRP in any of the press releases.

The only obvious thing that appears missing from Hyperledger compared to Ripple, is the one thing for which I see absolutely no reason for them to want: the XRP token.

So you guys keep saying do some research, people have, far more educated than you hypers. Oh and as i keep saying its just moving with Bitcoin. im sure there were comments about that (sorry i dont read replies) but looky looky its done the same as bitcoin again lol

Vsyc still thinking he is tough calling people names again. You wouldn't happen to be a security guard would you?

Right so this month and August are the month now are they? lol and at the end of August when nothing happens when will be the month? maybe Xmas?

@boby-1 you don't have to be a chart expert to see what it is doing. It is doing the EXACT same as BTC at the moment. Put the charts side by side and you will see. BTC will go up and down by a few hundred over and over again (like it has been) for a while yet before a break over $3k. This means XRP will do the same.

I don't know why people cant face the fact that no matter what news they are throwing at it for the past few months it has done NOTHING. The guys on here have been wrong over and over again. and all they can do is brag about being early adopters, great for you, others aren't so don't get them to waste their money.

And they want you to do something proactive to make the coin do well, WTF lol So the coin cant make its own moves it relies on the hype train, yeh that is the sign of a strong coin lol Losing the Trollbox on Bitrex was the worst thing that could happen for XRp, the hypers there would cry how the coin was going to the moon when it would move half a cent lol maybe that's why xrp is just riding BTC's coat tails.

I advise all to read what the hypers have been saying and how wrong they have been, I wish I kept a list as its been quite funny to watch...

Ahh no he shouldn't. He is entitled to his opinion. All you guys think the forums are just reserved for hypers, anyone else is a troll and has to keep their mouth shut. We have been hearing over and over that the price will soar and it hasn't happened. It saw its boom and people bragging they got in early doesn't mean people should jump in now and that is bad advice. How many months have we heard 'to the moon' 'April is our month' 'June will be big' blah blah blah. The fact is the hypers have been more wrong than those that actually step back and look at things. Just because a coin had a boom from an extremely low value doesn't mean it is going to keep going.

Saying something green shows your ignorance. Just because it is up on yesterday doesn't mean a coin is doing well (showing green). XRP is doing whatever BTC does at the moment, compare those two charts (if your smart). BTC will go up and down the same way it has for quite a number of months before making a break for $3k, that's when XRP will rise WITH IT. Hypers Gona Hype!

And down Ripple goes again. Let me guess you guys were right and I was wrong again lol

Pretty sure the only one that swears on here is the keyboard tough guy VSYC, that causes others to swear back to him. Prob still digesting his bag of D!ks lol

If that's the extent of your pump and dumps these days ripplers I wouldn't get too excited. Read the facts, look at the charts and actually make your own decisions, not listen to the hype men that have been wrong over and over and over again...

Meanwhile I believe a comment was made about me being upset over litecoin, well would you look at that, LTC has doubled since then and XRP has gone down, who made the money there guys...

Whats up cRipplers!

Good to see more people, with their head screwed on but unfortunately more that have joined the Hype train. The coin is doing exactly what Bitcoin does, exactly. Bitcoin goes up, so does your Ripple, It goes down so does your ripple.

Put the two charts over each other and you will have trouble working out which is which. Anyone who doesn't see that correlation is playing with fire. Sure if BTC booms you will smile but if it drops again which it has been doing then so does Ripple. It aint breaking out and doing its own thing at all lol but believe the hype of all those that have been proven wrong time and time and time again on here....

Well well well, Bitcoin charging over $2600 and XRP down into the 10ksats. Let me guess I know nothing and Mr Pump knows all?

oh and that article made it to coindesk - http://www.coindesk.com/counterargument-value-proposition-ripples-xrp-token/ Still written by someone who knows nothing? funny how you guys cant answer questions about banks and the use of XRP and a guy does research and writes an article and he is the one that is full of it? oh and Coindesk has a stake in Ripple so tell me why they would post it if they didn't think it was good research. That's because the people that have a stake in Ripple don't have a stake in XRP, they have a stake in the Protocol.

So I thought I would take donations just like Mr Pump does (in his signature) since I have hopefully helped people save money or allow them top buy cheaper than the 'never be this low again' hype on here

Feel free BTC - 31hxmFQDGYUTkMFv4BkyNXgfQ1R6KSU5Nw

hell ill even take XRP - rDsbeomae4FXwgQTJp9Rs64Qg9vDiTCdBv

 

Hey Ripplers thought id drop by again to put the hard truths in the spotlight again as there has no doubt been pictures, big text and other wizardry to try hype your coin especially when it goes up .5-1cent lol

Only read the last page and more bull$hit from Profitoffothersitis that hasnt come to true. I cant believe how much this guy gets wrong and people still hang off his nutsack.

Hows that 20bill market cap by the end of this week coming along, guess that homeless guy on the street told you wrong....spose you have a few more hours somewhere in the world to make it happen, with such a high circulation it should have been easy for you hypers. Face it, it drops everytime BTC rises now and regains a bit if BTC shakes. BTC is making a move today past $2600 and XRP will be back around 10000k. Bit of a worry that i have been right a lot more than the guy that gets knobbed off on here....LOL

So considering anyone with a glass half empty view is a troll and is uneducated, maybe the people that have been asking why banks havent bought big on XRP should read this. Written by someone that is educated and has done research and will offer far more evidence then the hyping cocks on here. He also wrote an article on what other coins can learn from Ripple and their protocol so he is quite fond of Ripple but is a realest in the below article, which is refreshing

https://bravenewcoin.com/news/counterarguments-to-ripples-value-preposition/

'In Ripple, you can transact purely in IOUs all day every day without touching XRPs for anything else than the fees.'

'if everyone agreed to use XRPs as the common currency, you would only need to make one market per currency - between that currency and XRP.'

'Just because someone can receive XRPs, doesn't mean they'll want to settle in XRPs.'

'XRPs might be a decent universal currency for people that want to hold XRPs, but that might not be ideal for banks or big institutions. That's why we see networks like Corda, or even Interledger Protocol (also developed by Ripple) that don't rely on a native cryptocurrency gain traction,'

'If you are going to see real-world use cases being deployed on Ripple, it will be more likely to see them leveraging the existing FX markets rather than going through XRPs.'

'While XRPs have no counterparty risk, they also have no counterparty protection. If anyone steals your XRPs, they are gone. With IOUs, you can still appeal to the issuing gateway to halt the transaction and potentially track down where it was withdrawn to. The IOUs are thus much less of a target.'

'On a similar note, XRPs are much harder to track, which would make them less appealing from a compliance standpoint.'

'If a value of a given currency changes in value, you only need to adjust the market using that currency. If XRPs were the universal currency against which all of the currencies would be traded, any time the value of XRPs would fluctuate, you'd have to adjust the entire market.'

'XRPs have no transfer fees attached to them. While is possible for a gateway to issue IOUs without transaction fees (that's essentially Tether's business model, but on another network), perhaps even leveraging some other big crypto like Bitcoin or Ethereum through voting pools, the fees on those IOUs can always be changed. It seems that the network standard for transfer fees is about 0.2%, which seems to be smaller than the spread on XRP's biggest market (at the time of writing, 0.00015086 sell, 0.00015003 buy, giving about 0.55% spread). So it is possible that sending money through a very liquid FX market you would pay less in transfer fees than going through a less liquid XRP market on just the spread.'

'So this leaves XRPs with their primary role - paying transaction fees and fulfilling the needed reserves. All in all, about 50-100 XRPs per person / account would be enough for a lifetime of usage. That used to be less than 1 USD, and now is about 35 USD.'

Let me guess this guy hasnt done his research and its just FUD and you keyboard warriors know more? Lets see how quick real facts that we have been able to backup, as opposed to your SPECULATION gets pushed back pages so noone can find it.

Oh more days down and more downward movement, dam its going to be a quick boom to get 20bill market cap....or was it MINUS 20 bill lol

lol yup I'm trying to crash a coin, that's what they will tell you. They cant find reasons for it losing half its value in 11 days so they will blame me for it. man I have some power. Almost as good as the power pumperitis homeless guy on the streets that told him XRP will hit 20bill this week whilst holding the world is ending sign.

The coin is devalueing itself no matter what news they throw at it but it must be me. The XRP guys in the trollbox on polo are the most annoying people around, The coin can go up .200 of a cent and they are saying a boom is about to begin, XRP is ont he rise blah blah blah. Bit like the pics here, yet the coin goes nowhere.

Ive been warning the XRP's in the trollbox not to buy into it just yet as BTC will drop again and so will XRP and each time it has. Buy the coin for all I care but just don't buy into the hype of every little movement, the guys here have been wrong WAYYYY more than they have right. But hypers, gona hype...

lol and the same guy answered a question that someone asked about why is there nothing on banks buying XRP, here is what he says:

The other question you ask is "have you seen something official?"  The answer is unsurprisingly "no" because

1) It's brand new technology, and banks will not want to extend their neck out by making public announcements on new technology until they've been using it for some time, and this production rollout is ongoing.

2) Just because a currency value-pair exists doesn't necessarily mean that a bank will trade in that pair.  It depends on the types of transactions that the bank focuses on.  So to issue some blanket statement, even if true for a few or most, may not be true for all 47 banks.

lol ok number 1 is complete shit, they are happy to announce anything about ripple but not the coin XRP. So he is saying Ripple is leaking the info as banks dont want to? ok then ripple well then why not say if banks are using XRP? happy to break news on the technology but not the coin? paaaaleeease.

Number 2 is Bingo and its nice to see a Rippler say it, maybe you will all listen to that.

The fact is if Ripple knew and were sure XRP will benefit from this they would announce it the same way they are that the technology is being used. If you cant see that and the smoke and mirrors i feel sorry for you. 'Hey we will tell you that banks are using the Protocol which is what we profit off on setting up for them, but we have to be hush hush about just the coin' LOLOL GTFO sure thing...

If thats not a be cautious article i dont kknow what is, will definitely be showing people that one!! thanks!

Man this Messiah Profitoffothersitis is always hyping yet hasnt predicted anything but growth of it being added to exchanges. This coin shaved half its value in 11 days and along with it 10 bill of market cap, how is that a smart investment? people that lost in that are not coming back to ripple and thats a lot of people.

For the last 11 days you have heard this guy and others say 'any night now' 'tomorrows our day' 'it wont drop past this' and each day the coin dropped more and more.

for 10 out of those 11 days XRP dropped by itself, 1 of those days slightly more along with BTC. Now it is back to where it left BEFORE BTC dropped and yet they blame BTC? yet if you read back they have said XRP doesnt rely on BTC, even said BTC was getting so high because it was being bought to put on XRP, even funnier was saying money from ALL alts were going to come into XRP, Yet everything drops and so does XRP, where was the XRP boom from that guys?

It is going up and down with whatever BTC does, meanwhile other coins broke out on there own a bit yesterday. It used to go up when BTC shook down and now its joined at the hip? well then, what happens if BTC forks or something and goes down further, dam XRP will take a dive.

Hyping hasnt worked for 11 days and they find an excuse for every drop and are blaming a 1 day BTC drop on the last 11 days. They will tell you a boom is happening any minute now, any day, any month with no regard for your money. They will tell you its just people looking to buy cheap lol well where is that buy, where is the big buy from the cheap price, what are they waiting for, where is that 11bill worth of coins people bought going to be snapped up by some big money hungry ripple junkie lol You have said it wont be this cheap again ever and it kept getting cheaper, where is the big buyers for such a never to be cheap again coin....they are not coming, sorry

Now his crystal ball or a friend of a friend has said it will go to 20bill market cap, lol can i get a ride in that delorian to, wana get some lotto numbers from the future, pumper.

Hopefully people are starting to see through the bull$hit that is being spun...

Yawn. So while all other alts enjoyed a great recovery today. XRP moved up and down with BTC (i thought you didnt rely on it). Then BTC kept moving and XRP stayed. It has pretty much moved sideways for 12 hours and guess what, its stuck in the exact same spot it was before the BTC drop at the end of its week decline.

How is that not a sign its either found its place or is going to drop slightly again. You threw news (and pictures) at it for a week and it went down. It recovers today and guess what, its picture and boom hype time guys but the fact is its the same as where it left off lol. Keep selling the hype, i think enough people got burned in the last week not to bother and that was 7 bill worth of your market cap worth...

congrats ripplers, hasnt been this low since the start of the month and still dropping. Is 10 bill off your market cap in a week one of the records you were looking to break? you brage about your market cap when it goes up because it has such a high amount in circulation compared to other coins but that same size makes the drops look worse.

Why am i so harsh on you hype men? because think of all the people that havent got much money come on here looking for good advice dreaming to make it big on a coin. They see your hype and pictures of rockets, some even ask questions and get shot down. Its easy to buy off the back of hype and any movement you guys hype, any small news, any convention sponsorship.

That is willingly playing with other peoples money to try benefit yourself, they lose it and you dont care as long as you have tried to fatten your pockets, yo tell them to hodl, and it keeps going down. hopefully you guys get a taste of losing money to.

Troll out...

yeh a Bill a month wont drop the price at all lol major dips each time they dump that. Lets not forget the owner of Stellar has a tone of XRP to that heis allowed to dump anytime he wants.

Oh all that market cap gained from the BTC dip is almost gone ripplers, bad thing is BTC went down even further and poor xrp got left out of another pump due to it. All good though, they are sponsoring a conference coming up, that should make the coin boom! lol

LOL you hype men are good for a laugh. You shave 6 bill off your market cap in a week, no other coin did that. You make a little 500k back on it in 24 hours while BTC drops and your the only coin moving? BTC even dropped more since yesterday and no one pumped xrp like they did when it dropped yesterday. There is Hype and then there is FACTS. You have 100 Bill coins, your market cap is always going to be high compared to lower circulation coins, the worst way to compare coins lol apples and oranges much?


edit: even after typing this you lost another 400k off the market cap, so in a week you lost 6bill and you made 100k in 24hours lol and dropping....

yup, regardless what the long term holders and believers think of me i hope there is some people that listen. They have thrown good news at it for a week and it did nothing but go down. Suddenly BTC drops and XRP goes up, thats NOT what you want to rely on for a coin and is dangerous to buy in in that case unless you plan to get out quickly.

Now XRP dropping while BTC is going up, if thats not a sign of whats happening and that you can jump on BTC and ride it up and make more. Hell even if you want to jump back on XRP after you have made more than do that but you can be making money or more XRP by dumping XRP before it drops back to where it was and ride BTC back up!! Sell Sell Sell!!

Holders are great but those that make moves daily are the winners....

hmm why will all banks take notice when another looks at ripple but when its one major bank that doesnt no others will take interest. Like it or not, Canada is not small and other banks will keep a keen eye on it.

The smart people will cash in now and ride BTC back up, i told them they should of done that over a week ago and they could have doubled their XRP supply for this ride. The ride is nothing more than what we see each time BTC dips, so be careful especially when there is no positive news and any news they threw at it did nothing for a week so be very careful of that building bubble!

Oh thats bad news ripplers! other banks will still take interest in the news. Take advantage of the slight pump today and sell sell sell! others will be!

All alts are up due to bitcoins drop so dont be silly this time around, pick your point and then SELL SELL SELL, especially on the back of that news!!...its already starting to take a downward tumble 

They are all frustrated, especially that vsyc keyboard warrior that gets angry whenever anyone has anything not nice to say, suspect years of being bullied has caused a few issues there.

The fact is XRP has been on a decline for weeks, these guys bought in early so are ahead. Each day they will tell you its about to boom, post links to news or the fact ripple is hosting something. This hasn't worked for them for the last week so they are a bit precious at the moment. Their HODL hasn't made them money in the last week, if they were smart and transferred it elsewhere e.g bitcoin, ETH, infact nearly all alts are up in the last week, then they would of made money instead of their holdings value going down. But they are the smart ones remember guys, not us 

Quite simple if your looking to invest in XRP recently you have every right to be concerned and that's how guys here should provide advice, not swear at them because your unintelligent. Look at it from a now point of view, anyone you told to invest for the last week or even the end of the last boom would be down on money. Yes you bought in early and can brag about its boom since then, should we listen to early adopters of every coin? no because all coins are up, we should make an opinion based on your current situation, the news (which has done nothing) and asking questions. So VSYC 'Shut the fuck up' because you are not helping anyone, only helping them lose money, To$$er.

Careful guys, the ripplers are getting a bit touchy that their coin is doing nothing but going down. People were meant to dive off BTC, ETH and infact I heard mentioned all other alts will get dumped for XRP lol.

Don't sit there and attack people for not knowing anything about Ripple just because you believe it and took what you want from an article written by someone that has invested in ripple lol. Mr Profitoffothersitis even said that no bank has come out saying they are using XRP, even turned it into a positive that none have said they aren't. Quite simply they keep announcing banks on board for years but nothing about them using XRP. Even heard an excuse that they would keep it secret if they were LOLOLOL.

So the benefit is lower fee's? have a little think about that, even the higher fee would be less than what is paid now and guess what the bank never pays that fee, you do. So tell me again why that is so enticing for the banks?

Also one of the main points about the article is the reluctance of banks to use XRP due to its volatility. It then tried to spin that by saying a 'they will look to third-party liquidity providers to take on that risk'. Hate to say it but no one is silly enough to take that on with the current volatility either. And they only focus on the volatility during a transaction, what about the banks overall storage of XRP? They bought 1Bill worth of XRP, The next day its worth 700,000,000. The bank will be real impressed. Fiat doesn't fluctuate like that, its safe for them so at this stage they will only use XRP for transaction fees. If it becomes stable then who knows...

Maybe think of others views instead of wearing nothing but glasses with a picture of the moon on them.