1 Ripple = 0.0175 USD.
Is it worth spending a couple of hundred dollars on Ripple incase it explodes?
Ripple consesus algo is faulty should be very careful That's stellar's not ripple's. Jed changed some code when he forked it.... |
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God27, I understand you point, but I am not willing to purchase ripples at today's bubbled pumped up price, you do understand that your price is going to drop very quickly (Pump and Dump, etc) and when that happens I would like to not stand loosing some serious amount of money.
Ripple's true value is much much lower than the current quoted value.
As for your SnapSwap you do realize that exchange requires a host of verification requirements before you are allowed to withdraw any Ripples you have, you have to scan your ID, your Gov't photo ID, two proofs of address, a selfie of you holding your ID, and plus much more (at least these happens to be the standard amongst these crypto and specially these ALT coin (like XRP, LTC, etc) exchanges, and dont be surprised if you also have to provide your SSN to them too. Do you really want to furnish that kind of level of personal information of you to these people that you can say "just began business yesterday"?? That's enough information about you to perpetuate ID theft, to do a host of different things using YOUR name, I sure as hell am not willing.
My offer is mainly for those who received free XRP and wont have anything to do with XRP any further, for those who thinks that crypto coin is a joke and if they could they would "delete it", trash it, etc but chose to just forget about it and leave them in limbo, but they still remember their rippletrader, etc account login info and just found a perfect opportunity to gain $100 to their Paypal account out of something they symbolically "renounced" long time ago.
Unlike many people that may have XRP's in their wallet but dont want to continue thinking about crypto anymore, I want to add XRP to my investment portfolio, not because I may know XRP is going to succeed, nobody knows that, nobody even knows if BITCOIN, Litecoin, Darkcoin, InfiniteCoin or even the frikking ElephantCoin is going to succeed, for all everyone knows all these cryptocoins including XRP may fail, XRP is SEMI decentralized, one of their servers can get hacked and something really bad happening to XRP that may send XRP's price plummeting once again. But even though all these risks exists, I still want to own a few XRP's just to have a few XRP as part of my investment portfolio, owning varieties of crypto coins to see which one, IF any, ends up supposedly replacing our current world's monetary system.
Now, if you dont think that XRP, or RIPPLE, is going to replace the dollar, then you can feel free to give it to me, and I will gladly send $100 to your Paypal account, $100 that YOU can actually use to pay your bills, to buy food, and to buy what ever USD can buy AND you wont have to send me any of your personal identification, all I require from you is to PM me or post here your Ripple ADDRESS so that I can confirm that the XRP indeed came from you followed by your paypal email and I will send you $100 for 50,000 XRP.
When I signed up for snapswap a year ago, I don't remember giving them any information. But anyways goodluck with getting 50k xrp for $100 when that same 50k xrp will be worth $5,000 shortly. I guess this is a free market after all. |
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Profited a ton from this:)
Price has doubled since the OP. |
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Someone with 50k xrps can sell for $800 right now? Then they can send it to paypal themselves in seconds using snapswap?
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Can't understand why Ripple is raising and raising when all other coins are going to fall.
I'm truely wondering about the phenomenon.
Where can I buy some Ripple coins and what is so special about it that is has got such a hugh market cap at the moment?
Do you want to buy with USD, BTC, or what? Either way, you will want to start a new account at ripple.com I use SnapSwap with USD. You can do an instant deposit within seconds through 13 major banks. The total number of supported banks is now thirteen. The initial list of supported banks included Wells Fargo, Bank of America, Capital One, Capital One 360, TD Bank, US Bank, PNC, Chase, Citibank. http://blog.snapswap.vc/2014/11/four-more-banks-are-available-for.htmlFor Btc, create a wallet in ripple and below is a little tutorial on creating a new bitcoin address inside your ripple wallet to transfer btc to it. www.btc2ripple.comhttps://xrptalk.org/topic/4547-getting-from-btc2ripplecom-to-rippletrade/?hl=btc2rippleOk, thank you for the info. Just one further question I'd like to ask. You listed so many supporting banks - is this coin held or controlled by those banks in any way? Great question. 100% NO! Just a rail to get your money out of those corrupt bank accounts into a gateway(snapswap) to place into the ripple network as a USD.SnapSwap IOU. This is until you convert to XRP, that it is officially an asset on the protocol with no counter party risk. XRP cannot be frozen. Thanks for the info. I guess I'll try it out primarily by investing a small amount later when it falls again. The today's price is too high for me. That's what people said when BTC was $0.008 and it went to $0.08 in one day.... |
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Can't understand why Ripple is raising and raising when all other coins are going to fall.
I'm truely wondering about the phenomenon.
Where can I buy some Ripple coins and what is so special about it that is has got such a hugh market cap at the moment?
Do you want to buy with USD, BTC, or what? Either way, you will want to start a new account at ripple.com I use SnapSwap with USD. You can do an instant deposit within seconds through 13 major banks. The total number of supported banks is now thirteen. The initial list of supported banks included Wells Fargo, Bank of America, Capital One, Capital One 360, TD Bank, US Bank, PNC, Chase, Citibank. http://blog.snapswap.vc/2014/11/four-more-banks-are-available-for.htmlFor Btc, create a wallet in ripple and below is a little tutorial on creating a new bitcoin address inside your ripple wallet to transfer btc to it. www.btc2ripple.comhttps://xrptalk.org/topic/4547-getting-from-btc2ripplecom-to-rippletrade/?hl=btc2rippleOk, thank you for the info. Just one further question I'd like to ask. You listed so many supporting banks - is this coin held or controlled by those banks in any way? Great question. 100% NO! Just a rail to get your money out of those corrupt bank accounts into a gateway(snapswap) to place into the ripple network as a USD.SnapSwap IOU. This is until you convert to XRP, that it is officially an asset on the protocol with no counter party risk. XRP cannot be frozen. |
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Can't understand why Ripple is raising and raising when all other coins are going to fall.
I'm truely wondering about the phenomenon.
Where can I buy some Ripple coins and what is so special about it that is has got such a hugh market cap at the moment?
Do you want to buy with USD, BTC, or what? Either way, you will want to start a new account at ripple.com I use SnapSwap with USD. You can do an instant deposit within seconds through 13 major banks. The total number of supported banks is now thirteen. The initial list of supported banks included Wells Fargo, Bank of America, Capital One, Capital One 360, TD Bank, US Bank, PNC, Chase, Citibank. http://blog.snapswap.vc/2014/11/four-more-banks-are-available-for.htmlFor Btc, create a wallet in ripple and below is a little tutorial on creating a new bitcoin address inside your ripple wallet to transfer btc to it. www.btc2ripple.comhttps://xrptalk.org/topic/4547-getting-from-btc2ripplecom-to-rippletrade/?hl=btc2ripple |
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Can't understand why Ripple is raising and raising when all other coins are going to fall.
I'm truely wondering about the phenomenon.
Where can I buy some Ripple coins and what is so special about it that is has got such a hugh market cap at the moment?
Do you want to buy with USD, BTC, or what? |
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Money coming out of BTC into XRP.....slowlyyyyyyy
The volume is starting to go down now so it's getting slower and slower. Slowly but Surely..... |
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Money coming out of BTC into XRP.....slowlyyyyyyy
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neither bitcoin nor ripple are fit to be wide adopted currency because of the bad distribution. Something else, FAIR and with better distribution will come along. In the end not the most innovative crypto will be the biggest store of wealth but the one with the best distribution, the fairest. Bitcoin fails because of satoshis greed. It's harsh but that's reality.
People will ultimately not adopt a thing where one single person or group has such big control/influence as serious currency.
Just not going to happen. Collective wisdom and such.
Sorry to pop your pink bubble of dreams.
Well even if you don't believe we will distribute them fairly, whatever that means, why does that matter? Our goal is to build an open source payment network that anyone in the world can use, that allows people to send money around the internet practically nothing, and that allows people to store value in a non-inflating currency. Once we have done that do you really care if some people out there are rich? The fact that bill gates has way more USD than I do doesn't make USD any less useful to me. That said we have a strong economic incentive to distribute the coins as fair as we can. We want to get as many people to have coins as possible. This is what will make the network viable. It doesn't help us to hoard all the coins if no one is using the network. But if you don't believe we have our own economic interests in mind then just ignore xrp and just use ripple to send around other currencies. If you just do that you really shouldn't care what happens to our stash of xrp. |
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No, you can't.
That's a damn shame that You can short BTC on ripple...kind of ironic |
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Ripple is a very well put together software. It only serves one purpose and one only though, which is trading between tokens of value. As far as that goes, it so super sweet. When more people use it the exchange rates will be extremely tight, only take a few seconds to be finalized and in your own personal wallet, and with a transaction fee that is negligible.
That said, the only real reason a person needs to use XRP is to pay fees. And right now for a couple of bucks, you can get more than enough XRP to pay all your transaction fees for the rest of your life. So, there really isn't a reason for the price to be going up so high other than pump. People think of Ripple like a coin like Bitcoin, and it just simply isn't that. It is more of just a service and XRP isn't meant to be a store of value or be used as a currency the way people think about other coins, but instead as an anti-spam fee.
XRP goes beyond anti-spam. It acts as a bridge/vehicle currency and has zero counterparty risk. Bitcoin and most alts are also notable for their absence of counterparty risk. In order to understand Ripple more deeply, let's imagine that the Bitcoin protocol was extended to include: - Ability for all users to issue currencies from individual wallets
- Ability for all users to exchange issued currencies and Bitcoin via a built-in distributed exchange
Bitcoin gains new potential utility. Let's assume that users on our network have issued the following currencies: LTC, DOGE, JPY, CNY, DRK---and users want the ability to exchange any issued currency for any other issued currency, as such: - LTC <---> DOGE
- LTC <---> JPY
- LTC <---> CNY
- LTC <---> DRK
- DOGE <---> JPY
- DOGE <---> CNY
- DOGE <---> DRK
- JPY <---> CNY
- JPY <---> DRK
- CNY <---> DRK
10 markets are needed to support 5 coins. It all sounds simple enough. However, as the number of coins increases, the problem expands. | Coins | Markets | | 5 | 10 | | 10 | 45 | | 25 | 300 | | 50 | 1225 | | 100 | 4950 | | 211 | 22155 |
In the final row, marked in red, I have taken the number of active BTC markets on Cryptsy. 211 is the number of actual currencies. 22155 markets would be needed to allow any currency to be traded against any other. Beyond simply having those markets enabled, they would also all need liquidity/volume to be meaningful. Complexity arises. Bitcoin can be used to solve for that complexity, in this scenario, if used as a bridge/vehicle currency in the distributed exchange system. Doing so would allow us to generate all 22155 markets on demand, while needing only 1 actual market for each currency (211 total). Each issued currency would be traded against Bitcoin. In our earlier example with 5 coins, end users would still see these markets: - LTC <---> DOGE
- LTC <---> JPY
- LTC <---> CNY
- LTC <---> DRK
- DOGE <---> JPY
- DOGE <---> CNY
- DOGE <---> DRK
- JPY <---> CNY
- JPY <---> DRK
- CNY <---> DRK
In reality, they would work like this under the hood: - LTC <---> BTC <---> DOGE
- LTC <---> BTC <---> JPY
- LTC <---> BTC <---> CNY
- LTC <---> BTC <---> DRK
- DOGE <---> BTC <---> JPY
- DOGE <---> BTC <---> CNY
- DOGE <---> BTC <---> DRK
- JPY <---> BTC <---> CNY
- JPY <---> BTC <---> DRK
- CNY <---> BTC <---> DRK
Requiring the existence of and liquidity within solely these markets: - LTC <---> BTC
- DOGE <---> BTC
- JPY <---> BTC
- CNY <---> BTC
- DRK <---> BTC
Expanding 211 markets to 22155 is a cool little trick. Bitcoin is essential to making it work, in this scenario, and is well suited to this task due to its absence of counterparty risk. All other currencies are issued from individual wallets, and therefore entail greater risk. If you hold Bitcoin on the Bitcoin network, then you have certainty it is yours. Behold the beauty of Bitcoin and zero counterparty risk. If you hold fiat in anything other than your hands, then good luck. An issued representation of JPY on the network may not be redeemable. It may be issued by a gateway, family member, bank, exchange, or even application that you trust---but all of those things are subject to faults. In order to minimize risk, you can choose to exchange your JPY for BTC. Bitcoin is a great store of value in this scenario, again, due to its absence of counterparty risk. Imagine if market makers, traders, FX services, banks, gateways, card services, and payments providers were all using the system described above. Liquidity. Volume. 5 second international cross-currency payments.  XRP exists to deliver this functionality on the Ripple network. And this is a sliver of the broader protocol functionality. Learn more here. Wow what an outstanding post, this is the future. I'm impressed with the post too. I knew that Ripple could be the in between currency, but not exactly as explained. But one more thing. Does it really matter what the price of XRP if it is the in between? I mean if I want to change 100 USD for $100 worth BTC and there is no direct path for USD to BTC so it wants to use XRP as the middle man, then does it really matter if 100 USD is represented as 1 XRP or 10,000 XRP? Because it is just used for 2 seconds as a medium, it seems like the price would be irrelevant, no? Ripple Labs has never once said buy XRP. People who have watched ripple from the beginning and people from Ripple Labs have advised not to speculate on XRP price. It says on the Ripple Labs site, the XRP price is determined by you and I in the free markets. So maybe it will stay around 5 cents for the next decade who knows. But some people speculate it will be 30 cents by April. Now Ripple Labs does use the sell of XRP to fund operations. Based on simple econometrics of liquidity and utility of the ripple protocol and the diminishing total of xrp per transaction, the price should increase. |
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Ripple is a very well put together software. It only serves one purpose and one only though, which is trading between tokens of value. As far as that goes, it so super sweet. When more people use it the exchange rates will be extremely tight, only take a few seconds to be finalized and in your own personal wallet, and with a transaction fee that is negligible.
That said, the only real reason a person needs to use XRP is to pay fees. And right now for a couple of bucks, you can get more than enough XRP to pay all your transaction fees for the rest of your life. So, there really isn't a reason for the price to be going up so high other than pump. People think of Ripple like a coin like Bitcoin, and it just simply isn't that. It is more of just a service and XRP isn't meant to be a store of value or be used as a currency the way people think about other coins, but instead as an anti-spam fee.
XRP goes beyond anti-spam. It acts as a bridge/vehicle currency and has zero counterparty risk. Bitcoin and most alts are also notable for their absence of counterparty risk. In order to understand Ripple more deeply, let's imagine that the Bitcoin protocol was extended to include: - Ability for all users to issue currencies from individual wallets
- Ability for all users to exchange issued currencies and Bitcoin via a built-in distributed exchange
Bitcoin gains new potential utility. Let's assume that users on our network have issued the following currencies: LTC, DOGE, JPY, CNY, DRK---and users want the ability to exchange any issued currency for any other issued currency, as such: - LTC <---> DOGE
- LTC <---> JPY
- LTC <---> CNY
- LTC <---> DRK
- DOGE <---> JPY
- DOGE <---> CNY
- DOGE <---> DRK
- JPY <---> CNY
- JPY <---> DRK
- CNY <---> DRK
10 markets are needed to support 5 coins. It all sounds simple enough. However, as the number of coins increases, the problem expands. | Coins | Markets | | 5 | 10 | | 10 | 45 | | 25 | 300 | | 50 | 1225 | | 100 | 4950 | | 211 | 22155 |
In the final row, marked in red, I have taken the number of active BTC markets on Cryptsy. 211 is the number of actual currencies. 22155 markets would be needed to allow any currency to be traded against any other. Beyond simply having those markets enabled, they would also all need liquidity/volume to be meaningful. Complexity arises. Bitcoin can be used to solve for that complexity, in this scenario, if used as a bridge/vehicle currency in the distributed exchange system. Doing so would allow us to generate all 22155 markets on demand, while needing only 1 actual market for each currency (211 total). Each issued currency would be traded against Bitcoin. In our earlier example with 5 coins, end users would still see these markets: - LTC <---> DOGE
- LTC <---> JPY
- LTC <---> CNY
- LTC <---> DRK
- DOGE <---> JPY
- DOGE <---> CNY
- DOGE <---> DRK
- JPY <---> CNY
- JPY <---> DRK
- CNY <---> DRK
In reality, they would work like this under the hood: - LTC <---> BTC <---> DOGE
- LTC <---> BTC <---> JPY
- LTC <---> BTC <---> CNY
- LTC <---> BTC <---> DRK
- DOGE <---> BTC <---> JPY
- DOGE <---> BTC <---> CNY
- DOGE <---> BTC <---> DRK
- JPY <---> BTC <---> CNY
- JPY <---> BTC <---> DRK
- CNY <---> BTC <---> DRK
Requiring the existence of and liquidity within solely these markets: - LTC <---> BTC
- DOGE <---> BTC
- JPY <---> BTC
- CNY <---> BTC
- DRK <---> BTC
Expanding 211 markets to 22155 is a cool little trick. Bitcoin is essential to making it work, in this scenario, and is well suited to this task due to its absence of counterparty risk. All other currencies are issued from individual wallets, and therefore entail greater risk. If you hold Bitcoin on the Bitcoin network, then you have certainty it is yours. Behold the beauty of Bitcoin and zero counterparty risk. If you hold fiat in anything other than your hands, then good luck. An issued representation of JPY on the network may not be redeemable. It may be issued by a gateway, family member, bank, exchange, or even application that you trust---but all of those things are subject to faults. In order to minimize risk, you can choose to exchange your JPY for BTC. Bitcoin is a great store of value in this scenario, again, due to its absence of counterparty risk. Imagine if market makers, traders, FX services, banks, gateways, card services, and payments providers were all using the system described above. Liquidity. Volume. 5 second international cross-currency payments. XRP exists to deliver this functionality on the Ripple network. And this is a sliver of the broader protocol functionality. Learn more here. Wow what an outstanding post, this is the future. |
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Giving money to blackhat professionals and employees at Ripple is not charity.
Even if Ripple is legit, I wouldn't buy any right now. Looks like a {Almost} double bottom being formed on 1h chart for BTC/XRP. Just by looking at the price on coinmarketcap, you can see it's already gone parabolic, so it's not really safe to buy at this point, too late. Assuming it's rising under normal market conditions, which I REALLY DOUBT. One or both the other may happen right now. 1. The house of cards is about to come down, any moment now 2. Bitcoin is going to explode I am going with number one, and number two. This Dump your XRP now or be the bagholder There is only the pump... |
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This is the easiest question all day.
Luxembourg will be the center of it all!
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I am new to Ripple discussions so can someone answer these two quick questions please:
1) Why would banks like Ripple/XRP?
2) Why would banks liking it be a good thing?
I'd say banks would need something like ripple (NOT XRP) in the near to far future to stay competitive in today's world. Just think if a bank starts advertising tomorrow on your TV as: If you open an account today, you can send money to Germany, Russia, China, etc for less than a dollar with no maintenance fees. Although, ripple is pushing for gateways, trying to give the billions of people without banks a way to transfer money around the world the same way without a bank. Nobody knows where XRP will go as an investment, however, based on econometrics, XRP would go up in value when more liquidity and utility enter the network. |
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