[XRP] Ripple Speculation

[Pzest1]

Yay! there it is! the admission all the hype is nothing but speculation! hope all read that one. Funny that, you can post every link and news under the sun about banks and the the protocol and conferences but when someone asks if you have one about a bank using XRP for more than transaction fees you arent customer support and we are a pest.

P.s i give more money than what ripple is worth to bums on the street so i aint mad about your under 20c coin lol

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[PentagonPinnacle]

Are you ready for this weekend, news! Ripple Unveils Strategy to ‘Become More Decentralized than Bitcoin:

Prominent FinTech payments firm Ripple has announced a strategy that it believes will ultimately make its blockchain more decentralized than Bitcoin.

Ripple’s technology chief Stefan Thomas has revealed a three-point strategy toward making Ripple’s blockchain, the Ripple Consensus Ledger (RCL), more secure, efficient and decentralized than Bitcoin.

In a blog published today, Thomas stated:

    A key benchmark that we aim to achieve is to become more decentralized than Bitcoin, which at the time of writing is 51% controlled by just five mining pools. This means the largest five pools working together could achieve a 51% attack and reverse transactions (double spend) at will. For Ethereum, this number is even lower: only three pools are needed for a takeover.

Created in 2012, the RCL was developed as an enterprise-ready public blockchain – in contrast to bitcoin – geared for banks and payment providers to process cross-border payments. The RCL also serves as the root ledger for XRP, Ripple’s native digital asset.

Ripple has fielded criticism from the crypto community since its release, with the most common accusation of being a centralized network.

For its part, the decentralization of the Ripple blockchain was a process that began ‘right at its inception’, according to Thomas. “We intentionally haven’t rushed the process and have been making continuous progress all along.”

The path toward decentralization is now a priority, as Ripple ropes in more customers in banks and payment providers around the world, underlining the need to diversify the validator nodes to form a more robust and resilient blockchain.

The strategy involves three fundamental steps.

First, is Ripple’s foray to diversify the validator nodes on the blockchain. “Today, RCL has 25 validator nodes running, but continuing to grow and diversify this list of recommended validator operators is a priority for us,” wrote Thomas. The ultimate aim is to further avoid the risk of a single point of failure, with diversification of nodes across several geographical locations and software platforms.

Secondly, Ripple will recruit attested validators to the network. It will monitor new validators joining the current set of 25 nodes, checking their performance on “consensus agreement rate, uptime, verification of identity and public attestation.”

Finally, Ripple will add attested validators to its Unique Node Lists (UNLs). A UNL is a list of transaction validator nodes that are seen as ‘trusted’ validating nodes operated by Ripple. The company’s plan is to phase out the nodes it controls, replacing them with attested third-party validators until no single operator controls a majority of trusted nodes on the blockchain.

“Over the course of the next 18 months, for every two attested third-party validating nodes that meet the objective criteria mentioned above, we will remove one validating node operated by Ripple, until no entity operates a majority of trusted nodes on the RCL,” Thomas revealed.

He further stated:

    To match Bitcoin, RCL would need just 16 trusted validators. Add more, and the number of tolerable faults increases accordingly. In other words, RCL will not just meet, but exceed the decentralization level of other public blockchains.

The Ripple executive also contends that Ripple has the upper hand on Bitcoin due to the way the blockchains reach consensus. Thomas claimed that Ripple validators are less likely to be malicious or attacked successfully since they are chosen on ‘merit’. Unlike Bitcoin validators, chosen based on their proof-of-work (PoW) mining.

“Bitcoin chooses validators solely based on their mining power, which actually deincentivizes security,” Thomas wrote. “Security measures cost money, but don’t improve on the speed of mining.”

Earlier this year, Ripple laid claim to match the transaction output of Visa, the world’s largest payments network with 70k transactions at an average time of 3.7 seconds.

https://www.cryptocoinsnews.com/ripple-unveils-strategy-become-decentralized-bitcoin/

[wingfr]

Are you ready for this weekend, news! Ripple Unveils Strategy to ‘Become More Decentralized than Bitcoin:

Prominent FinTech payments firm Ripple has announced a strategy that it believes will ultimately make its blockchain more decentralized than Bitcoin.

Ripple’s technology chief Stefan Thomas has revealed a three-point strategy toward making Ripple’s blockchain, the Ripple Consensus Ledger (RCL), more secure, efficient and decentralized than Bitcoin.

In a blog published today, Thomas stated:

    A key benchmark that we aim to achieve is to become more decentralized than Bitcoin, which at the time of writing is 51% controlled by just five mining pools. This means the largest five pools working together could achieve a 51% attack and reverse transactions (double spend) at will. For Ethereum, this number is even lower: only three pools are needed for a takeover.

Created in 2012, the RCL was developed as an enterprise-ready public blockchain – in contrast to bitcoin – geared for banks and payment providers to process cross-border payments. The RCL also serves as the root ledger for XRP, Ripple’s native digital asset.

Ripple has fielded criticism from the crypto community since its release, with the most common accusation of being a centralized network.

For its part, the decentralization of the Ripple blockchain was a process that began ‘right at its inception’, according to Thomas. “We intentionally haven’t rushed the process and have been making continuous progress all along.”

The path toward decentralization is now a priority, as Ripple ropes in more customers in banks and payment providers around the world, underlining the need to diversify the validator nodes to form a more robust and resilient blockchain.

The strategy involves three fundamental steps.

First, is Ripple’s foray to diversify the validator nodes on the blockchain. “Today, RCL has 25 validator nodes running, but continuing to grow and diversify this list of recommended validator operators is a priority for us,” wrote Thomas. The ultimate aim is to further avoid the risk of a single point of failure, with diversification of nodes across several geographical locations and software platforms.

Secondly, Ripple will recruit attested validators to the network. It will monitor new validators joining the current set of 25 nodes, checking their performance on “consensus agreement rate, uptime, verification of identity and public attestation.”

Finally, Ripple will add attested validators to its Unique Node Lists (UNLs). A UNL is a list of transaction validator nodes that are seen as ‘trusted’ validating nodes operated by Ripple. The company’s plan is to phase out the nodes it controls, replacing them with attested third-party validators until no single operator controls a majority of trusted nodes on the blockchain.

“Over the course of the next 18 months, for every two attested third-party validating nodes that meet the objective criteria mentioned above, we will remove one validating node operated by Ripple, until no entity operates a majority of trusted nodes on the RCL,” Thomas revealed.

He further stated:

    To match Bitcoin, RCL would need just 16 trusted validators. Add more, and the number of tolerable faults increases accordingly. In other words, RCL will not just meet, but exceed the decentralization level of other public blockchains.

The Ripple executive also contends that Ripple has the upper hand on Bitcoin due to the way the blockchains reach consensus. Thomas claimed that Ripple validators are less likely to be malicious or attacked successfully since they are chosen on ‘merit’. Unlike Bitcoin validators, chosen based on their proof-of-work (PoW) mining.

“Bitcoin chooses validators solely based on their mining power, which actually deincentivizes security,” Thomas wrote. “Security measures cost money, but don’t improve on the speed of mining.”

Earlier this year, Ripple laid claim to match the transaction output of Visa, the world’s largest payments network with 70k transactions at an average time of 3.7 seconds.

https://www.cryptocoinsnews.com/ripple-unveils-strategy-become-decentralized-bitcoin/

Holy sh*t !

 

How to ruin the centralization argument in 3 steps 

BIG... VERY BIG NEWS !

[vsyc]

Yup, been happening for awhile. Its the natural rise of alts along with BTC as others get excited as they see an alt grow, they buy some, it dumps but the mainstream buyers dont sell so it doesnt completely drop. Its not unfortunately news of a conference or banks buying big. It tends to happen with the cheaper alts as there is less loss for those dumping if they are not the first to do so. Like i said everyone benefits but any alt buyer can to by riding it with them (only if you trade).

Ive been quite clear on how i like what Ripple has done and all ive asked to do is be shown some XRP buying news. In doing so im negative and a troll. People looking to buy have a right to hear some other sides and it would be wrong for them not to ask the same, its their hard earned dollars. Even said if you can show me that news ill join the XRP bandwagon for more than just pumping...

Oh and 'g' i didnt say sell at the bottom of a dip genius, a dip is a curve going down unless you have some scientific way to pick the exact start of a dip. it has a start and an end. Unfortunately you look like a fool for not realising it and making daily money. What you think its just one guy pumping your alts and then dropping them? nope others are riding the wave up, and the DIP down.

Why do you need buy statements from banks? How it will help you? Are you really naive that people will put a red carpet in front of you saying "Buy, because pump is just starting!". They can show you and dump and the moment you buy, you can buy even from them, again what is your solid point here?

You gonna sink in waves, you gonna sit and think on where is your floor to short and accept losses, for one simple reason, you do not understand value and demand this product brings.

[Mrpumperitis]

i think that info from the pentagon   is what caused that spike up earlier....maybe time for more greenies..when we break 1300 expect fomo  

[blackhawk101]

Are you ready for this weekend, news! Ripple Unveils Strategy to ‘Become More Decentralized than Bitcoin:

Prominent FinTech payments firm Ripple has announced a strategy that it believes will ultimately make its blockchain more decentralized than Bitcoin.

Ripple’s technology chief Stefan Thomas has revealed a three-point strategy toward making Ripple’s blockchain, the Ripple Consensus Ledger (RCL), more secure, efficient and decentralized than Bitcoin.

In a blog published today, Thomas stated:

    A key benchmark that we aim to achieve is to become more decentralized than Bitcoin, which at the time of writing is 51% controlled by just five mining pools. This means the largest five pools working together could achieve a 51% attack and reverse transactions (double spend) at will. For Ethereum, this number is even lower: only three pools are needed for a takeover.

Created in 2012, the RCL was developed as an enterprise-ready public blockchain – in contrast to bitcoin – geared for banks and payment providers to process cross-border payments. The RCL also serves as the root ledger for XRP, Ripple’s native digital asset.

Ripple has fielded criticism from the crypto community since its release, with the most common accusation of being a centralized network.

For its part, the decentralization of the Ripple blockchain was a process that began ‘right at its inception’, according to Thomas. “We intentionally haven’t rushed the process and have been making continuous progress all along.”

The path toward decentralization is now a priority, as Ripple ropes in more customers in banks and payment providers around the world, underlining the need to diversify the validator nodes to form a more robust and resilient blockchain.

The strategy involves three fundamental steps.

First, is Ripple’s foray to diversify the validator nodes on the blockchain. “Today, RCL has 25 validator nodes running, but continuing to grow and diversify this list of recommended validator operators is a priority for us,” wrote Thomas. The ultimate aim is to further avoid the risk of a single point of failure, with diversification of nodes across several geographical locations and software platforms.

Secondly, Ripple will recruit attested validators to the network. It will monitor new validators joining the current set of 25 nodes, checking their performance on “consensus agreement rate, uptime, verification of identity and public attestation.”

Finally, Ripple will add attested validators to its Unique Node Lists (UNLs). A UNL is a list of transaction validator nodes that are seen as ‘trusted’ validating nodes operated by Ripple. The company’s plan is to phase out the nodes it controls, replacing them with attested third-party validators until no single operator controls a majority of trusted nodes on the blockchain.

“Over the course of the next 18 months, for every two attested third-party validating nodes that meet the objective criteria mentioned above, we will remove one validating node operated by Ripple, until no entity operates a majority of trusted nodes on the RCL,” Thomas revealed.

He further stated:

    To match Bitcoin, RCL would need just 16 trusted validators. Add more, and the number of tolerable faults increases accordingly. In other words, RCL will not just meet, but exceed the decentralization level of other public blockchains.

The Ripple executive also contends that Ripple has the upper hand on Bitcoin due to the way the blockchains reach consensus. Thomas claimed that Ripple validators are less likely to be malicious or attacked successfully since they are chosen on ‘merit’. Unlike Bitcoin validators, chosen based on their proof-of-work (PoW) mining.

“Bitcoin chooses validators solely based on their mining power, which actually deincentivizes security,” Thomas wrote. “Security measures cost money, but don’t improve on the speed of mining.”

Earlier this year, Ripple laid claim to match the transaction output of Visa, the world’s largest payments network with 70k transactions at an average time of 3.7 seconds.

https://www.cryptocoinsnews.com/ripple-unveils-strategy-become-decentralized-bitcoin/

NEWBIE ACCOUNT POOP PANT

 

[Mrpumperitis]

  
We going into the teens  

no reason to be so cheap imo...Im expecting a huge sharp rise soon.

im also thinking we may see a big dump on alts as they join in and grab more XRP... except str which seems to be joined to XRP's hip lol

[cabron]

wow its like arguing with toddlers, cant provide one bit of evidence to have a proper debate besides research yourself, read back 50 pages on our 'discussion' and they would never tell us if banks bought XRP. yup i lost big on XRP, man it hurts   peace out and thanks for the stimulating debate Mr PUMP

Its not used by banks as you said so whatever it is that made XRP rise, it did rise. If it continue to rise up I guess its all up to them now. But its true the marketcap of this XRP is enormously crazy that lots of users end up riding. FOMO is always there and we always want it back to $0.02 so we could buy more.

[Pzest1]

NEWBIE ACCOUNT POOP PANT

 

Yup sure did, infact its hard to know which news means more, the poop in my pants or the one posted. Should have finished the news with 'but will still never be as valuable as BTC and like BTC will never be bought by the banks...'

Wow what a spike due to that news! oops wait a minute, still lower than yesterday. Hmm maybe try no news guys as that seems to be working for coins worth well over $1 and close to $100 with no news at all. You guys are pumping news daily and the coins arent even 20c let alone $1 lol

Hype Hype Hype guys! Hopefully the smart ones are seeing that all you are doing is profiting from them. XRP to da MOOOON!!!

[electronicash]

NEWBIE ACCOUNT POOP PANT

 

Yup sure did, infact its hard to know which news means more, the poop in my pants or the one posted. Should have finished the news with 'but will still never be as valuable as BTC and like BTC will never be bought by the banks...'

Wow what a spike due to that news! oops wait a minute, still lower than yesterday. Hmm maybe try no news guys as that seems to be working for coins worth well over $1 and close to $100 with no news at all. You guys are pumping news daily and the coins arent even 20c let alone $1 lol

Hype Hype Hype guys! Hopefully the smart ones are seeing that all you are doing is profiting from them. XRP to da MOOOON!!!

stellar is much cheaper and it could go cheaper than ever once those who jump the pump realize its all just a pump. when that happen you may try to join to that stellar ride again that at least you can get it for 0.008 USD each. XRP is $0.18 no matter how real the fud it will be, you're late at buying when it was still $0.02.

[Instamined]

Is it true that Google is involved with this coin? What banks are seriously using it and to what extent?

It may not be the typical cryptocurrency but at the end of the day what most everyone really wants is a winner, not some ideological victory.

[Pzest1]

Is it true that Google is involved with this coin? What banks are seriously using it and to what extent?

It may not be the typical cryptocurrency but at the end of the day what most everyone really wants is a winner, not some ideological victory.

That is unfortunately what many have asked and unfortunately they havent been able to show anything to suggest they will for anything more than transaction fees. Banks have been playing with ripple for years and there has been no major buys so you can draw your own conclusion on that one...

Yes google are invested in the company Ripple, XRP is an offset of that. The money and time is in the protocol, not hedging their bets on the coin.

Read from a few pages back, its a good read, some laughs. Expect to be pumped up by pictures and those looking to benefit from your buy. What is funny today is BTC is down and thats when XRP usually has a spurt, its still lower than yesterday, the day before that and the day before that.... people are pumping other alts instead to get some more money for the next BTC rise... not even i expected the pump and dump coin to have no action on that one, been waiting for it to pump and people beat their chest over it being the news that it is now trying to become like other cryptos. Hang on if it was going to be number 1 why are they needing to do that again when its already so rock solid lol

be careful not to buy into the hype!

[Pzest1]

Wow great news article, once again another article on the banks using the protocol with no mention of XRP or adopting the coin. You guys are really shooting yourselves in the foot with all these articles of banks using it but no reflection on XRP price but price hypes. If all these banks were going to use it for anything other than transaction fees there would be none left. How are they going to supply all the banks in the world with XRP with the current supply, surely if there is a bank take over they are going to need a lot of it. Simple, none of the banks using it dating back to 2013/14 have bought any massive amount.

Yes please do your own research and remember anyone that asks questions that the believers dont want to hear are trolls, maybe they are the questions people looking to invest should research themselves....

[vsyc]

Wow great news article, once again another article on the banks using the protocol with no mention of XRP or adopting the coin. You guys are really shooting yourselves in the foot with all these articles of banks using it but no reflection on XRP price but price hypes. If all these banks were going to use it for anything other than transaction fees there would be none left. How are they going to supply all the banks in the world with XRP with the current supply, surely if there is a bank take over they are going to need a lot of it. Simple, none of the banks using it dating back to 2013/14 have bought any massive amount.

Yes please do your own research and remember anyone that asks questions that the believers dont want to hear are trolls, maybe they are the questions people looking to invest should research themselves....

Can I get a link where explicitly written that XRP will not be used by banks?!

Also, apart doing research on company and etc. do research on how valuable troll is e.g. this duplicated troll https://bitcointalk.org/index.php?action=profile;u=999706;sa=showPosts;start=0 has no value at all

For two basic reason:

1. Bitcoin praising
2. LTC praising

The both coins are in stagnation as of the moment, the former can not do any better, latter has to prove yet that can do better than former, moreover latter has big centralized control by miners and etc.

As of now XRP was able to grow it market capacity to 7-8B and even take #2 spot by capitalization. After that you could see a lot of news saying: that Bitcoin loosing it dominance in %, does not mean BitCoin death and this is absolutely normal! Why? Because guys like XRP, ETH  will eventually overgrow BitCoin market capacity for one simple reason, this alts do rise demand and do progress, and they have real use whereas banks and other institutions will never use BItCoin, unless they take control on price growth.

[Pzest1]

I never said they wont, i said they dont have to use it for anything other than transaction fees.  They get a better discount if they use if from A-Z. Do they care about a discount, nope it gets passed to the customer anyway.

Myself and many others have asked for anything showing the banks are going to use or are buying the coin. Pretty simple but apparantly that is a bad thing to ask and we are trolls for doing so. Nothing can be produced and when it cant there is excuses like you guys arent customer support, They wont release that information (best one yet), told we are asking that because we missed out, trying to crash a coin, amongst other reasons. Why is it such a bad question to want to see Evidence, thats right this is a Speculation thread thats why...have asked in other threads since noone in this one can answer the question at all. Worked out its better to ask others that are neutral rather than those that want to hype for their own profits.

[vsyc]

I never said they wont, i said they dont have to use it for anything other than transaction fees.  They get a better discount if they use if from A-Z. Do they care about a discount, nope it gets passed to the customer anyway.

Myself and many others have asked for anything showing the banks are going to use or are buying the coin. Pretty simple but apparantly that is a bad thing to ask and we are trolls for doing so. Nothing can be produced and when it cant there is excuses like you guys arent customer support, They wont release that information (best one yet), told we are asking that because we missed out, trying to crash a coin, amongst other reasons. Why is it such a bad question to want to see Evidence, thats right this is a Speculation thread thats why...have asked in other threads since noone in this one can answer the question at all. Worked out its better to ask others that are neutral rather than those that want to hype for their own profits.

Myself and much many others than your others, told you that this information will be published soon, so what is your point now, again cry about "trolls has no rights!"? Are your trolls working union representative.

Anyhow, once again, you expressed your point of view, everyone listened you and replied in the right manner. Repeated posts from you again and again proves you less valuable in this thread, unfortunately.

[Pzest1]

Riiight, it will get published soon lol thanks, great answer and no that hasnt been said before but its another to add to the list.

For anyone interested in investing, you will get better answers elsewhere, i already have here - https://bitcointalk.org/index.php?topic=1502768.msg18984726#msg18984726 This will now be all i will post, that link, and will make sure it stays relevant instead of pictures and hype to take peoples hard earned money.

[f0rmdeep]

Is it true that Google is involved with this coin? What banks are seriously using it and to what extent?

It may not be the typical cryptocurrency but at the end of the day what most everyone really wants is a winner, not some ideological victory.

That is unfortunately what many have asked and unfortunately they havent been able to show anything to suggest they will for anything more than transaction fees. Banks have been playing with ripple for years and there has been no major buys so you can draw your own conclusion on that one...

Yes google are invested in the company Ripple, XRP is an offset of that. The money and time is in the protocol, not hedging their bets on the coin.

Read from a few pages back, its a good read, some laughs. Expect to be pumped up by pictures and those looking to benefit from your buy. What is funny today is BTC is down and thats when XRP usually has a spurt, its still lower than yesterday, the day before that and the day before that.... people are pumping other alts instead to get some more money for the next BTC rise... not even i expected the pump and dump coin to have no action on that one, been waiting for it to pump and people beat their chest over it being the news that it is now trying to become like other cryptos. Hang on if it was going to be number 1 why are they needing to do that again when its already so rock solid lol

be careful not to buy into the hype!

Is it true that Google is involved with this coin? What banks are seriously using it and to what extent?

It may not be the typical cryptocurrency but at the end of the day what most everyone really wants is a winner, not some ideological victory.

Yes, Google is One of the company who have officially invested in Ripple. It also includes many others including worlds largest banks and institutions ( which is why there is such a big misinformation campaigns by Basement coins and others - Also bitcoin miners hate them because bitcoin miners from china etc cannot mine and corner market in ripple, like they have done with bitcoin etc. )

So YES, Google is one of the parent investing company for Ripple.

you can verify the details here : https://ripple.com/company/ ( scroll down to Investor section )

and here is a snapshot of other investors directly from their main site:



In-fact Google is helping Ripple to work with NPCI Bank members in India to be able to perform "direct acct o acct" settlement btw NPCI members that uses RCCloud and XRP, and ALSO google dev is helping ripple to to bring ILT Ledger and Ripple payments to android devices.

here : http://economictimes.indiatimes.com/industry/banking/finance/banking/google-backed-payment-company-ripple-in-talks-with-npci-banks-for-account-to-account-transfers-globally/articleshow/58393329.cms

that's economic times , one of the most respected news papers in india, by the way. Don't listen to trolls. be safe and make your own mind. Good luck.

[vsyc]

Riiight, it will get published soon lol thanks, great answer and no that hasnt been said before but its another to add to the list.

For anyone interested in investing, you will get better answers elsewhere, i already have here - https://bitcointalk.org/index.php?topic=1502768.msg18984726#msg18984726 This will now be all i will post, that link, and will make sure it stays relevant instead of pictures and hype to take peoples hard earned money.

You are just another yet prove of BTC blind follower, noone knows why BTC rises as-well, it has no SegWit, no ETF, high fees, long lasting transaction, big support of hard forks and etc. the only it benefit is bubbled maturity, which will blow, eventually. So yes, please go away

[electronicash]

What could be google's role in this?
they are not like yahoo where whatever they touch will be ruined. Its google and they know how things are going to work with. If they touch something, it always turn out to be good which means also good for XRP holders.