marados
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Activity: 406
Merit: 10
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August 09, 2017, 10:50:55 AM |
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For me, Ripple has a great potential, and it can only go up, how much? No one knows, only time will tell!:)
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GIGZI INDEPENDENT WEALTH MANAGEMENT Crowdsale Starts on 23rd November 2018
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ðºÞæ
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Activity: 1176
Merit: 297
Bitcoin © Maximalist
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August 09, 2017, 01:06:38 PM |
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Over the last 47 Days on average Ripple Inc sold 1,116,044 Million XRP per day. If Bitcoins release schedule is used 24 Million XRP would need to be sold each and every day. With static release 1,373,221 Million (~2 billion every 4 years) would need to be sold each and every day for the next 123 Years to get them all distributed. Every day when less than 24 000 000 Million xrp sold things get worse and worse as more xrp need to find a buyer and market getting smaller and smaller with more currencies every day. Even Banks make the own coin now. When everyone has his own coin and Atomic swapping is active, speed is not an issue and is much faster than Ripples database which crawls when compared to Visa and co. You can lead a Horse to the water, but you cant make it drink (ps if anyone know how much Ripple Inc. has spend on xrp security for the past financial years drop a line)
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"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling." Satoshi Nakamoto, April 2009 Avoiding taxes is totally legal if you consider and respect the law.
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MemberBerries
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August 09, 2017, 01:35:10 PM |
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Does uranus still hurt after you have bought the ATH? Relax, no need to spread lies. Sad that you bring your mental disease in here
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Bramen
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Activity: 84
Merit: 10
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August 09, 2017, 02:08:47 PM |
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If XRP Wikipedia entry is to be believed, Ripple placed 55 billion XRP in "cryptographically-secured escrow," which is 55% of total supply. They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold. I'm not sure what the "cryptographically-secured escrow" actually means, but this escrow has a huge potential for inflation and XRP price manipulation by Ripple (or whoever controls the keys). Are the XRP sold from escrow sold at market value? If at a discount, how is this timed release different from quantitative easing aka printing money? What guarantee do we have the escrow is not used to manipulate the price of XRP?
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vanhalendlrband
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August 09, 2017, 02:20:33 PM |
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Over the last 47 Days on average Ripple Inc sold 1,116,044 Million XRP per day. If Bitcoins release schedule is used 24 Million XRP would need to be sold each and every day. With static release 1,373,221 Million (~2 billion every 4 years) would need to be sold each and every day for the next 123 Years to get them all distributed. Every day when less than 24 000 000 Million xrp sold things get worse and worse as more xrp need to find a buyer and market getting smaller and smaller with more currencies every day. Even Banks make the own coin now. When everyone has his own coin and Atomic swapping is active, speed is not an issue and is much faster than Ripples database which crawls when compared to Visa and co. You can lead a Horse to the water, but you cant make it drink (ps if anyone know how much Ripple Inc. has spend on xrp security for the past financial years drop a line) Lol bank tokens. All the same fud thats been around forever congrats on posting the same things that have been posted forever Xrp is much faster than swift. Visa is expensive
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tintumon
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dinkimole nokkalle...
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August 09, 2017, 03:14:10 PM |
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When would this free fall for XRP would be over. Feels like a bag holder now, when I see all the other ALTS are making good progress.
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Hodor7777
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It’s easy to confuse what is with what ought to be
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August 09, 2017, 03:47:23 PM |
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When would this free fall for XRP would be over. Feels like a bag holder now, when I see all the other ALTS are making good progress.
Wow what drama! All other alts are down today except for a few that I can see... XRP is slightly down ~ 1% Are you really that disappointed making 5% in two days??
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RayX12
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August 09, 2017, 04:17:47 PM |
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I think that the potential for XRP growth is huge and I own some XRP!
Unfortunately Ripple management is madly in love with Banks. Why "unfortunately" you may ask? Because BTC and most of the crypto market is against Banks due their inflationary market economy and their centralized control of fiat. The crypto BTC movement and philosophy is therefore against the very same thing that Ripple depends for their existence. If the banking world collapses tomorrow then Ripple will be out of business and BTC will be worth trillions. Why is Ripple so stubborn? Why not diversify their offerings?
IMO What could Ripple do to get some love? Stop being so stubborn and support other models and markets that can put to good use their enormous dwindling wealth held in XRP.
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CageKennylz
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August 09, 2017, 04:22:14 PM |
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Don't see XRP going over $2 max by end of 2018.
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Bramen
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August 09, 2017, 07:44:24 PM |
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Unfortunately Ripple management is madly in love with Banks. Why "unfortunately" you may ask? Because BTC and most of the crypto market is against Banks due their inflationary market economy and their centralized control of fiat.
Did you really think the bankers would allow money supply to get out of their control? Ripple has built the ability to inflate XRP into the distribution model as I mentioned in an earlier post. Granted, there is a ceiling to how much they have in escrow and are able to sell each month, but them being able to play with at least 55% of the money supply doesn't instill trust. In the long run (few years) this ability may be diminished. But it might very well be that if XRP becomes more successful it will be cornered and manipulated by central banks and a few whales - that buying has likely already begun.
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Fantum
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August 09, 2017, 08:35:18 PM |
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If ripple is used as a fee to send a transaction, and ripple labs is trying to sell their tech to banks, wouldn't they want ripple to be low, so they can say it costs less than a cent to send a transaction? xrp is obviously manipulated by huge whales
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vanhalendlrband
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August 09, 2017, 09:51:44 PM |
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If ripple is used as a fee to send a transaction, and ripple labs is trying to sell their tech to banks, wouldn't they want ripple to be low, so they can say it costs less than a cent to send a transaction? xrp is obviously manipulated by huge whales
It doesnt matter because even if it was like 200 bucks it would still be the cheapest transactions by far
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vanhalendlrband
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August 09, 2017, 09:54:18 PM |
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Unfortunately Ripple management is madly in love with Banks. Why "unfortunately" you may ask? Because BTC and most of the crypto market is against Banks due their inflationary market economy and their centralized control of fiat.
Did you really think the bankers would allow money supply to get out of their control? Ripple has built the ability to inflate XRP into the distribution model as I mentioned in an earlier post. Granted, there is a ceiling to how much they have in escrow and are able to sell each month, but them being able to play with at least 55% of the money supply doesn't instill trust. In the long run (few years) this ability may be diminished. But it might very well be that if XRP becomes more successful it will be cornered and manipulated by central banks and a few whales - that buying has likely already begun. That supply is gonna get locked up and away forever And over time the supply will deflate with more and more transactions
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groko271
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August 09, 2017, 10:10:33 PM |
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When would this free fall for XRP would be over. Feels like a bag holder now, when I see all the other ALTS are making good progress.
Wow what drama! All other alts are down today except for a few that I can see... XRP is slightly down ~ 1% Are you really that disappointed making 5% in two days?? Actually ripple has gone up 2c the last few days, although stagnant regarding its satoshi value. There's been a good bump in the price of bitcoin since Aug1 so all XRP needs to do is jump a few thousand satoshi's in value and the shorts may escape with a little profit.
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g___
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August 09, 2017, 10:13:12 PM |
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They will sell up to 1bn per month, so at the minimum it will take 55 months for these to be sold.
wrong. 1bn will be released per month, not necessarily sold.
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leopard2
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August 09, 2017, 11:51:49 PM |
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The mining difficulty of XRP is equal to its value: ZERO.
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Truth is the new hatespeech.
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Bramen
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August 10, 2017, 12:01:28 AM |
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Found more info from Ripple themselves on the escrow here. Relevant quote: We’ll use Escrow to establish 55 contracts of 1 billion XRP each that will expire on the first day of every month from months 0 to 54. As each contract expires, the XRP will become available for Ripple’s use. You can expect us to continue to use XRP for incentives to market makers who offer tighter spreads for payments and selling XRP to institutional investors. So Ripple will give or sell up to 1bn XRP (1% of total XRP supply) each month to people they choose. That's a huge proportion: it would be equivalent to 165,000 BTC if Bitcoin had the same setup. Incidentally it seems the biggest BTC address holds 111k BTC. In addition Ripple is holding I believe around 10 billion XRP which can be freely given away or traded. Therefore a full 65% of total XRP supply is in the hands of Ripple. As their stated strategy is to "[...]engage in distribution strategies that we expect will result in a strengthening XRP exchange rate against other currencies" (from the link above) it is unlikely they will dump XRP, but I see such large holdings as a perverse incentive for Ripple to manipulate the market. It is certainly a questionable way to distribute the supply.
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Bolt1
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August 10, 2017, 12:39:10 AM |
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38 billion are in circulation at the moment.
Ripple owns 55 billion
That's 93 billion
The other 7 have been used via wallets, usage etc I beleive
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