@God27. What incentive programs are you talking about? If Ripple plans to give away XRP to the institutions who want to use it then that would be counterintuitive. If those institutions believe in the technology then they should have been lining up to buy XRP to have a stake in the network. What really happened was a few banks tested Ripple but nothing. Maybe there were not impressed with what they saw.
Well there is suppose to be incentives to use ripple "***Coming Soon***" on the same link I posted earlier. COMING SOON: Catalyzing Competitive FX Markets August 23, 2016 Ripple’s XRP Incentive for Liquidity Providers This paper introduces Ripple’s XRP incentive program for liquidity providers who use XRP to offer tighter FX spreads. However, I think ripple has pivoted 3 times since August 23rd 2016.... Ripple isn't giving away XRP but rather selling or lending at "around" market price. https://ripple.com/xrp-portal/xrp-resources/q4-2016-xrp-markets-report/I feel that the banks were very impressed, however, Goldman Sachs and etc. didn't want you smart coders to see the assets they had on ripple since it's all open. So "they" are all creating closed permissioned ledgers as we speak like hyperledger that don't require a digital asset like bitcoin and etc to cut cost. So these bankers think they can save 20% on labor cost blah blah blah thanks to DLT "in house". From what I see: Ripple created interledger, telling the banks, ok, use your own closed distributed ledger but if you want to save 60% sending/receiving payments with other entities in the world that is interoperable with your closed ledger then consult with us. This is one area where XRP comes into play. The XRP fee that is used to transfer between these two entities in order to save on cost is destroyed. |
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My understanding of Ripple is that XRP is not being touted as a currency (with no plans currently), but that it is used in transactions such that all other items of value can be denominated in XRPs, to facilitate exchange. In addition since there is a ledger protocol, it can process the types of transactions already being used by the banking industry while using XRPs to facilitate (if this understanding is wrong, please elucidate).
But if you had to evaluate XRP only as a currency, whether or not that's how the founders intend it, how does it compare to others, eg bitcoin and ether (in terms of security, speed, etc)? I don't know if any merchants accept it as payment now, but is it plausible in the future? Supposedly transactions occur more quickly than some of the others? I realize that since it is not decentralized, more currency could always be created, but it would not be to their interest to do so, now or in the future. However, is that a security concern, that someone could hack it and increase its circulation (unlike bitcoin or ether, which would require massive mining power)?
https://ripple.com/xrp-portal/xrp-resources/xrp-compares-btc-eth/This a good place to start even though it's from the pig itself. IMO ripple sees most profits with the top down approach working with institutions. However, they know consumers on the network would be the killer app. They made their protocol open source and are hoping the smartest people in the world build on ripple which will create volume and hopefully XRP appreciation while the distribute 100s of millions monthly for years to come. I'm looking to see how the smart money reacts to the future incentive programs via XRP. |
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If i had "invested" in Ripple i would have been mighty pissed off hearing this news.
Why the lack of a reaction from the community ?
ne1 who invested in xrp had to know this was coming eventually. No one was blind to the fact that the xrp corp could and will issue more coins whenever they decided to do so. Eventually? It has been happening from the very beginning. I think it was around 200 million per month distributed average for the last few years. It looks like ripple distributed an additional 433 million more XRP's the next week after this very post. The price has slightly went up with almost an additional billion coins the last few weeks. https://www.xrpchat.com/topic/2755-~1b-xrp-distributed-in-28-days/ |
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It's coming, are you ready?
With bitcoin that is quite assured that there will be a bubble. The question is when will it happen? Yea it's just a part of life. But when? I'd say next week. |
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I'm currently 100% invested in xrp. I know that's hilarious now, but just wait and see how funny it will be when it goes back to $0.002!
Because the price of xrp will never increase right? Right? Right?
I dont understand you. Right now Ripple is at $0.006. You are 100% invested in it and you hope that price decrease 3 times? Can you enlighten me why? Or Where i miss read your post  I saw many in this thread asking for Ripple issuing schedule apparently it is that they plan to issue 13 millions ripple in next 4 years. I think he has a mistake about 0.02$ not 0.002$. I also invested on XRP currency. I hope the price will grow up later. Many famous Banks have been using XRP for transaction. I had read this news on bloomberg or CCN . No mistake, I never said I hoped it would go down to $0.002. But if it does that's ok. I was just admitting my crypto portfolio has recently went from diversified to now 100% xrp. I may lose all my capital overnight, I may exchange some XRP tomorrow. We will see then. Im only talking about a few million XRP here, not anything big like you guys have invested. |
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Why do people like a coin that can just randomly put 333 million coins into circulation, raising the market cap substantially?
Crazy
where are you getting this information from? any links? You can compare numbers usually on a weekly basis on ripple's xrp portal. The amount of xrp held by others went up that much since the last update. https://ripple.com/xrp-portal/I'm currently 100% invested in xrp. I know that's hilarious now, but just wait and see how funny it will be when it goes back to $0.002! Because the price of xrp will never increase right? Right? Right? |
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stellar is already dead. this sharedrop will mark the end of its value
There's a difference between stellar being dead and the price of lumens being repeatedly hit with these types of giveaways. One of many goals is to get lumens in as many diverse hands as possible. IMO lumens will somewhat follow the price of XRP's in the future even though the difference between each network's volume will be astronomical. FYI, the creator of Stellar is using his own time, money and other resources trying to fix a problem in today's society, he could just surf every day the rest of his life, he doesn't have to work ever again, the value is in the network. If Stellar network can gain value by showing it can be efficient, reliable, consistent, and transparent, the value of lumens will hold value. If you don't like it then don't claim or claim and sell it for whatever you want. |
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So this time next week, btc and xrp holders with eligible snapshot criteria, Facebook auth and etc can claim their lumens?
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So? What's the big deal?
Yea I agree with this. Please evaluate for us your reason why we should like to hear about this story on ft? |
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Datz,
So ethereum and ripple both screwed you over? Who else has interfered with your entrepreneurship projects?
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So is IBM still all in on ethereum?
Will they really be able to save on cost in the future with ethereum without worrying about the tokens at all?
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XRP is a real sleeping giant.
Once they secure the backing of some FIs, its only a matter of time before XRP flies high.
Nah XRP is done and dusted. Their distribution model was so centralised that its against the crypto spirit. That sucks you can't be against the crypto spirit to make money. |
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This project is going nowhere. And so is Ripple.
Yea but in 2 years when lumens and xrp increase in price you will say either you were joking or you bought them right before the increase. I'm pretty sure everyone knows your scumbag ways lucky331.   |
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This will be talked about forever but for now what are all the reasons to increase it?
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wow, what happened with the giveaway for XRP holders who dumped their XRP on armajeddon? Now that Jed and fam made their final agreement, Jed/Stellar/Joyce(background dancer) will never bring up ripple or xrp again. |
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Their organisation as well as their network is by far the most professional of all altcoins (besides maybe Ripple). Black Rock, Google.org and Fast Forward back this coin.
That I have seen for myself, but still having this crypto in the dark by not making a GUI wallet for non tech savvy users, makes me think that it will take a long while to see XLM sparkle one day. I mean if you want to attract people who haven't been into crypto (or aren't knowledgeable at all of commands) you should have at least a GUI wallet and good things will come for this coin. Just my opinion.  By the way, I still can't even make a wallet since the process seems somewhat confusing for me. That is why I still haven't invested into Stellar, unless they prove an easier way to make one.  The price of a lumen will follow XRP's rise in price based on its payment volume due to its interoperability. |
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Great links! I am glad to see Ripple succeed as ultimately it will help BTC and crypto in general. It seems like for short term one is hoping for an increase in price because of certainty with Jed agreement and an "any day now" increase in liquidity due to accessibility with SBI in negative interest rate Japan. However, now with the estranged rogue largest xrp stakeholder agreement and ripple's $700K fine, it looks like after all these years they are finally in position for someone to safely put some volume on the network. |
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