Is it true that if I buy XRP they can be taken from me without my consent? not by anyone but by the owners of Ripple
meaning that it is not decentralized and you don't really own any XRP.. you only share them with the owners and trust that they will not take them back?
No, that is not true. XRP is a crypto currency, and you need an account's secret crypto key to do anything with the XRP held by that account. The validator network validates the cryptographic signatures on transactions and only accepts those that are properly signed with the correct keys. What about this? https://wiki.ripple.com/FreezeI wouldn't say you own XRP's if someone else can freeze them.. Nobody can freeze XRPs, its for freezing IOUs. |
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Only 6-12 months ago there was constant Ripple trolling. Now you look at all the new crypto 2.0 coins and they are trying to do what Ripple has already accomplished.
Nubits, BitsharesX, Nxt etc are all trying to peg fiat to their own ecosystems. Yet from the beginning, you have been able to trade USD, CNY, JPY, GBP etc interchangeably with XRP or ANYTHING on a decentralized exchange (another thing that the competition is only just achieving). Now Ripple has banking partners and smart contracts in development, further leaving the competition in the dust.
And don't even talk about Ripple being centralized to me. Just look at the BitsharesX PoS system or Darkcoin's 'darksend' feature, morons.
Yes, it was a lot ahead of its time. And yes, all other cryptos that call them selves 2.0 are trying to copy Ripple. But Ripple doesnt leave competition in the dust, it empowers all competition not just in crypto but in fiat as well. If Ripple succeeds then all cryptos succeed as they will all finally get usage. |
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Because its not a coin and its a scam they can manipulate.
I dont understand why people focus on price at all, its technology that is changing the world not the price of coin. Also, I dont understand your reasoning, why would anyone manipulate in a way to keep the price down and downvalue its holdings? Doesnt make sense, does it |
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Very cool, I hope more banks from around the world join in so FX feature can finally be in full mode!
This is excellent news for entire crypto scene, we finally witness hard core status quo holders starting to change! And all thanks to brilliant blockchain technology.
Moments like this, where real life companies dont see crypto as just another credit card to accept, but where crypto is actually getting used and is lowering cost and improving lifes of millions of people is what we all have been waiting for!
Go Ripple! Change that world!
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Ripple’s payment protocol comes to the U.S.: Payment network Ripple Labs just snagged its second and third bank partnership in its quest to create frictionless global payments.
CBW Bank, out of Kansas, and Cross River Bank in New Jersey, both say they will use Ripple to make global money transfers and payments... Congrats! |
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Ripple doesn't really offer anything anymore. When SuperNet comes online NODE will be the payment processor and it's a generation ahead of Ripple (NODE is integrating BTC, USD, EUR, CNY and maybe HRV).
In Ripple I can send EUR and have USD come out on the other end without me doing anything other than hitting a button. That's the realy beauty of Ripple. It let's you pay in any currency and finds a path to autmatically exchange it into whatever the receiver is accepting. Afaik NODE will "only" have multiple currencies in one wallet which you can deposit via an exchange. Could be wrong though. You said it well, and not just that. You can pay with gold and merchants gets USD if he accepts it, or with loyalty points, or airline miles....anything you can imagine. People says shit about Ripple but they dont understand one thing. If Ripple gets adopted by banks and payment processors around world, that is BY FAR the best news for any crypto fanatics. How about being able to spend NXT where only Ruble is accepted? Or to spend Wankcoin on sites that only accept loyalty points? And all that integrated into Google Pay as Google is one of Ripple's shareholders and will for sure compete with Apple. Talking about taking ALL crypto's to mainstream! With Ripple everyone wins! And that is exact beauty of Ripple. It likes everyone. Every crypto, every country, every organization. It doesnt dislike banks as many people, it doesnt dislike poor people because they cant increase the price of your coin - on contrary, it could be the best bet for financial inclusion, it doesnt dislike Russia because governments want to isolate it, it doesnt dislike Chinese because they dont allow acces to bitcointalk......it is the only truly inclusive crypto. Ripple actually hopes that all cryptos will be traded over it, instead of exclusivity. Other cryptos make Ripple richer, and Ripple makes other cryptos a lot richer as they finally have chance to get used. |
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I see only 2 options to do it.
1) Buy some really good drug that will make you feel like you have 250 btc.
2) Pay a really nice hooker and you will feel like you have 250 btc.
Enjoy your richness!
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Out of curiosity, how can a coin be destroyed? Isnt that one of premise of crypto currency that noone can destroy or control your coins?
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@Atoni:
So its just completely coincidental that Ripple tripled the available XRP supply at exactly the same moment that BTSX took the #3 spot ?
Pull the other one, mate, it's got bells on. You would have thought that Ripple could maybe have considered how this might look to the rest of the world, but nah......however you look at it, it's fail on a massive scale.
And as for Guttenberg........I got into crypto to try and take my finances out of the hands of incompetent aristocrats/banksters/thieves, not to give them a load of cash for attending board meetings. Guy can't even plagiarise effectively, what makes you think he can run a business ?
How did they triple it? Web site stated from the start that Ripple Labs has 72 billion XRP. Better question is how did Gliss come to conclusion there is only 8bn distributed. I think you are very delusional if you think Ripple Labs even looks at that web page. Why wouldnt they change it to 100bn created to make market cap 500 million then? That would, by the way, actually be only correct market cap since there is 100bn XRP created. As for Guttenberg, did you go to college? How much of your work was plagiariased? When I went to college, I can tell you with 100% security that half of everyones work was taken from somewhere....just read any final paper posted on internet and search for some weird phrases and you will see it. I dont know how good is Guttenberg at running business, but his family was crucial for independence of my country as they convienced Germany to be among first countries that accepted us. How many business people in the whole world can you say that about? Now please tell me how many people in crypto you can say that about? We are talking about entire country here. Nuff said. I dont know why you would call banks thieves. For paying you interest on your cash? Then what is bitcoin which doesnt pay you interest? Also, if you went into crypto not to hold money in banks you are really complicated person. Have you ever heard of keeping cash at home? If you dont want banks you absolutely dont have to use them. |
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After Ripple tripled their public coin supply to top out BTSX, I can't take them seriously any more.
I understand the Ripple boards explanation of the event, but the timing of the public XRP supply increase made Ripple look like a bunch of desperate scammers.
That's the kind of move I'd expect from Marinecoin, not from a crypto that wants to be a real contender for the long term.
LOL, you really thing Ripple Labs pays focus to cryptocoin market cap? Haha. It is not normal that Gliss used 8bn as distributed as Ripple Labs web page all the time showed that they hold 72bn XRP. So how did Gliss come to conclusion that 100bn - 72bn = 8bn? That is some new math completely not known to me. To blame Ripple Labs for that obvious flaw on coinmarketcap web page is funny. |
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Spoetnik Approved Coins:
CatCoin
Nipple Coin
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Dont learn how to code, thats just waste of time.
Learn how to effectively write what your coin will be able to do, then collect IPO money and do it again.
Really no need to make any new coin, that takes time and knowledge in which case you could probably find a good paying job and where are you then? Working again. So try to do at least work as you can, that is most profitable.
Also, learn how to do very good logo contest, that will add a lot to your credibility.
If you want my money too, make a coin's web page with a lot of naked women, I will throw some at you then and I am not alone in this!
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Ripple is the best thing that could happen to bitcoin traders. We now move fiat and bitcoins from one exchange to another in 5 seconds time and at almost no fee.
All this hate comes from old days because bitcoiners got scared of Ripple instead of embracing it because it improves bitcoin a lot and can only help bitcoin.
Thankfully, 2 years later all those crypto 2.0 started to come out, so things might change. Nowdays people say that you cannot premine a coin that isnt mineable.
I dont know how good bet is XRP though, I only use Ripple to trade bitcoins, but if they manage to get more banks onboard, it could be something like replacement currency for all currency in world today because it serves as cross transaction tool, that would boost its value a lot.
We will see, interesting times ahead. If Ripple gets more adopted then all coins will benefit from it, probably crypto 2.0 coins the most.
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Nah, they just updated web page which said only 8,2 billion is distributed while the truth was that its 28 billion. They just know updated their web page. Before it said 72 billion held, 8 billion distributed. Since 100 billion is created its common knowledge that 28 billion is distributed if 72 billion is held. Everyone knew that. I dont know why coinmarketcap used 8,2 billion in the first place.
The most correct would be to use 100 billion since its premine and all of them are created at once.
yeah right, just a few hours after another scam outperformed their baloney, sure. I dont think Ripple Labs is even remotely considered about its market cap or price of XRP. For over 2 years they keep telling people that XRP is not speculative currency and that its price doesnt matter. They have much more serious business to do. IMO they were pressured by buyers to do it, since before it was 8,2bn and then Jed came out saying he will dump 9bn so noone understood how is that possible and people thought that 8,2bn is misleading number. |
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Ripple is only coin that hasnt been pumped. Price is around 0,005 for ages.
BitsharesX is not even similar to Ripple. In Ripple when you trade USD, Gold, Silver, CNY, JPY, loyalty points etc, its real assets you trade with. In BitsharesX is only name for betting pair.
NXT will probably recover, it has very small float so it can be easily lift up with maybe 1-2 million dollars turnover. Its float is 1 bn nxt but in reality big part is held by original stakeholders.
I dont think features matter that much, so far its pretty much been which coin is popular for that month. First it was doge language, then it was asset exchanges, then it was anonimity, now is betting on different pairs etc. Only one that is actually getting used is bitcoin. for now.
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Can you please remove ripple from coinmarketcap. They've issued 20billion more coins out of thin air, just to move up to #3 position, this is just pathetic.
Is this confirmed? It is disturbing if they do the dilution behind current ripple holders back without consulting/telling them first. The site pulls from what's on their distribution page. Hopefully this is not the case. They didnt create them out of thin air. I wrote you before that number on their web page is not correct since 100bn - 72bn doesnt equal 8bn but 28 bn. IMO, since its premine, the most correct would actually be to use 100 bn since they were all created at same time. |
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Nah, they just updated web page which said only 8,2 billion is distributed while the truth was that its 28 billion. They just know updated their web page. Before it said 72 billion held, 8 billion distributed. Since 100 billion is created its common knowledge that 28 billion is distributed if 72 billion is held. Everyone knew that. I dont know why coinmarketcap used 8,2 billion in the first place.
The most correct would be to use 100 billion since its premine and all of them are created at once.
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just for my own clarification (correct me if I am wrong, it is important to me)
in Counterparty, NXT, Mastercoin etc. you can create an asset, which has the character of an IOU and is just backed by the trust in the issuer. With Bistshares you have a collateral which is liable for the created BitUSD. Example Bitshare is worth 100 units and creates 33 bitusd - these 33 bitusd units are basically subtracted from the Bitshare? Is this the idea?
If the pegging mechanism works this is really really great.
Thats exactly what I was wondering. But according to that video its open market not pegging mechanism. Also, its not clear to me what happens with colateral in case of fall of btsx price. They claim noone can take money from you. If BitsharesX falls, the collateral is taken from the short side to compensate the longs for the fall of BitsharesX The shorts end up with less BitsharesX and the longs end up with more BitsharesX. I see thank you. So if it falls by more then 50% your longs are not covered? |
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just for my own clarification (correct me if I am wrong, it is important to me)
in Counterparty, NXT, Mastercoin etc. you can create an asset, which has the character of an IOU and is just backed by the trust in the issuer. With Bistshares you have a collateral which is liable for the created BitUSD. Example Bitshare is worth 100 units and creates 33 bitusd - these 33 bitusd units are basically subtracted from the Bitshare? Is this the idea?
If the pegging mechanism works this is really really great.
Thats exactly what I was wondering. But according to that video its open market not pegging mechanism. Also, its not clear to me what happens with colateral in case of fall of btsx price. They claim noone can take money from you. |
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I see, so its calling a crypto currency a bank.
Also, that table is quite inaccurate. Ripple transaction time is 5 seconds and it was first that allows users created assets. There is also no 10% inflation via mining in bitcoin.
Ripple require trust for gateways to operate, bitassets do not require trust as the price is determined transparently on a decentralized block chain via a free market. In Bitshares, consensus is determined by people going short or long on an asset, and collateral is held to make sure the proper value is retained as determined by the market. In Ripple, price is determined by trusting the gateway they are holding the correct amount of collateral. Also Ripple was 50% premined by a small corporation making the people within the company rich overnight... Meh. I think Stellar has a better distribution if you like the Ripple model, but I don't like that model because it requires users to trust the gateways that they aren't trading funny money. BitshareSX bitassets solves this problem. Ripple was 100% premined not 50%. BitshareX was also 100% premine. In Ripple price is determined by market not by trust  Also, what do you call funny money? Gold backed by GBI (one of largest gold trader in world) is to you funny money but asset backed by asset itself (by bitsharex to be precise) is not funny money? If you want to trade real assets you have to trust someone. Only in case where you are not trading anything there is no trust. So if you want to trade USD for any crypto you have to trust that those USD are actually in bank account. As I understood, in BitSharesX you are not trading any real money or real assets. That would for me be definition of funny money. Anyway, this is not about Ripple, its about BitSharesX. So can you please tell me how do market peg assets work? Yes.. It was 100% premined. What I meant was half of the premine was kept by the company, whereas in other cryptos (including Bitshares) it is more evenly distributed to end users. Honestly I'm not too privy on how ripple works, I need to do more research on it. Ripple labs keeping 50% of the premine is a no go for me, so I will assume you are correct. To each their own I guess, but I have no interest in making some company's board members rich. I did explain how BitsharesX bitassets work properly in my post though. Maybe this makes it more clear: http://www.youtube.com/watch?v=5BV55IrZi7gCurrently Ripple Labs holds 72% of XRP not 50% But that doesnt mean it wont be distributed. Yes I watched the video, still dont get it, please read my post above this one and maybe you can answer my question about colateral. Thank you |
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