Just a matter of time for xrp and lumens to rise in price. Just don't expect anything for a while especially not the consumer transfer of assets killer app for a decade . You did your homework so now do what you want, when you want, how you want. Goodluck.

I thought these units were called lumens now not stellars like it says on that stat page. 

The price went from $.0070 to $.07850 this morning but it's in the same trading range it seems like forever now. Just people jumping in and telling others to buy now after them. However, all it takes is one announcement for an article like this to get lucky.

Seems like a main hub will be Luxembourg.

They have all the connections, but just can't get cash on the protocol. Maybe 4th quarter 2016

Everyday it seems there's a new article about a new currency in October. Its just pure speculation based on annual meetings by the IMF. Also China and Russia are doing whatever they can to get away from having to convert to the dollar for things, its just not fair. They want their own swift system so they don't have to worry about the USA getting in the middle of everything.

One scam going on here is being told to buy the Yuan now after everyone else has already been in for a while because its value will increase when the IMF names the communist country a reserve currency.

This is all true (Jed taken off the board at Stellar and may have to forfeit XRP's )but STR will still follow and increase if the others do.  However, I still only have around the 6k given from the start.

I don't like surprises.

But to be clear, you're saying Obama was the reason for the XRP pump and will be for this month's bitcoin pump?

If so, I can't wait till "big block of cheese day".

If one were to think or believe that this will happen:

"Since highly structured banks and corporations have 100s of billions of $$$ to throw at this..."

Will these banks and everything else that come on Ripple enrich the early individual adopters "Boom" just like that so easily by putting billions on the network therefore increasing the price of XRP?

When else have banks done this for a market based asset that hasn't been for the ownership of a regulated "private sourced" security before or after the IPO? Or will you tell me they have to in order to survive?

I see what your saying. Id say of the 80% xrp produced, ripple labs is selling in bulk to gateways but also freely distributing to others building ontop the protocol and also using xrp as an asset to pay off lobbying and lawyer fees. 

They don't want somebody or group to gather xrp's freely now just to save up and spam the network later on making transaction cost no better than any other payment system out there.

The more ripple is used the more demand for xrp there will be. The higher demand for xrp will make the makers of ripple rich for providing us the best regulated cross border value system out there.

This in turn provides more purchasing power for Ripple Labs to pay its engineers and for Rippleworks to be in a great position to provide a banking network to the underbanked. There is money to be made on the next 2bil people in the world that will be using the internet for the first time in the coming years.

The banks holding the people's money are easier to sell to rather than the people themselves.

I dont see a better way to send value across borders as cheap, safe, and compliant against terrorism funding as ripple. However, I do admit I am pessimistic on how much transaction savings by banks using the ripple ledger($20billion) will trickle down to the consumer. This makes people mad that the banks are stealing satoshi's open source ideas just to profit off them and cause another worldwide financial crisis. But behold there are ways for individual use of ripple through companys like SnapSwap and Gatehub that will bring liquidity to the people.

I think Ripple Labs plans on being a minority stakeholder in xrp's and at the same time have xrp's distributed to "who and what" legally utilitize the network to make the world's financial markets more efficient.

https://ripple.com/blog/ripple-labs-elected-to-fed-steering-committee-for-faster-payments/

Ripple Labs is honored to have Ryan Zagone, Head of Research on the Business Development team, elected to the Federal Reserve’s Faster Payments Task Force Steering Committee.

The Fed launched the Faster Payments Task Force earlier this year to engage stakeholders in payments and advance the vision outlined in its January report, Strategies for Improving the U.S. Payment System.


The task force attracted over 300 participants across a diverse range of segments including financial institutions, technology providers, trade groups, end users, businesses, payment networks, government, and more.

To help guide the task force, a 16-member steering committee was elected to represent the working group’s numerous stakeholders.

As part of the Task Force Steering Committee, Ripple Labs is humbled to have been elected by our peers to be a voice of the technology and non-bank service provider sector.

At Ripple, Ryan works with financial institutions, regulators, and central banks on infrastructure efforts and faster payments initiatives globally. His experience includes efforts in the U.S., U.K., the Single Euro Payments Area, and Canada.

Prior to joining Ripple, Ryan focused on payments innovation and retail bank strategy at Deloitte. He previously worked on regulatory relations and economic research at the American Bankers Association.

Regarding the election, Ryan said, “It’s a privilege to be selected. I look forward to leveraging Ripple’s global experience as the task force assess ways to increase speed, efficiency, access to, and competition in payments.”

“I will continue Ripple Labs’ constructive approach in working with peers, bank partners, and the broader financial industry—including NACHA, IPFA, and the W3C.”

“Above all, I am committed to being an open and inclusive presence on the task force, representing the priorities and concerns of fellow non-bank service providers.”

Russia can profit from this if they accept xrp's from fidor.ru so why not. But it would be sad if this prosperous digital funding age behind the scenes funded a WWIII scenario.

All altcoins will be worth pennies on the dollar even with inflation.  Its just a matter of time.  Not if but when. However, in the meantime there is money to be made.

LTC will still be fun and remembered as a success and still be used. But more like 600 for a pizza.

It will be more of an online efficient tech startup company that is compliant using a brand new financial api ontop the ripple protocol that you will earn interest on rather than any slow evolving bank.

Yea this is the end of the wild wild west. Best to pay capital gains now in the US or go down like Al Capone.

Better hurry up, something seems to be happening over there. But to have an account you will need to give up the same info as you do with your bank.

Australia's Commonwealth Bank using litecoin or bitcoin? Wow, I don't think you understand ripple.  This whole contagious market cap reasoning has been plaguing this forum for far too long now.  Its not all about the digital currency on these protocols.  There's much more to it.  Plus XRP could pass bitcoin's market cap in one day. Who even says banks like these are using xrp's besides transaction cost? I'd like to see these 30 banks put millions of IOU's onto the protocol and come out and say they aren't using XRP for anything besides transaction cost and reserves.

Choosing and experimenting ripple is a little like being speechless and dumbfounded about Satoshi's ledger invention but at the same time being compliant with AML/KYC. However, ripple will be saving these banks BIG money on cross border transactions but will hardly be passed down to the consumer.

I'd estimate 90 employees and 5 interns.  But yea, definitely just loose change for Ripple Labs. Seems like they went quickest way possible by lobbying for a compliance level to officially be able to send their bloodthirsty sales force across the world like Matthew Mellon.




Even the marionettes get lucky sometimes...

"Ruthless" seems to be one of the main traits for the people on the billionaires list. Sometimes you make money riding on the back of the ruthless and sometimes you lose it all. 



I would just hate to be the person at work a year from now doing the daily grind overhearing a little prick's conversation saying "Dude, I'm telling you, buy this thing called XRP at 3 dollars a piece and you will retire in 10 years."  All while you could of bought it at $.008