[XRP] Ripple Speculation

[yurimir]

Ripple CTO David Schwartz issued a fiery response - Ripple CTO Says Bitcoin Is at a ‘Dead End’, Refutes Claims That XRP Is Vulnerable to Attack



"No blockchain that I know of has better protection against a hostile majority attack than the XRP Ledger does. Bitcoin will happily allow double spends if the majority of mining power is in hostile hands…

PoW has been a dead end for both decentralization and security, It’s gotten more centralized, and we’ve seen 51% double spend attacks. By contrast, distributed agreement has gotten more decentralized, and it’s clear how to mitigate these attacks in software."

https://dailyhodl.com/2019/03/08/ripple-cto-says-bitcoin-is-at-a-dead-end-refutes-claims-that-xrp-is-vulnerable-to-attack/

[encycrypto]

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

[etoque]

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

 at certain point,yes,it will be doable.

[Branko]

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

Actually, not even millions

https://www.crypto51.app/

[Hodor7777]

The Global Economy Needs Instant Value Transfer

Blog Location: https://xrpcommunity.blog/the-global-economy-needs-instant-value-transfer/

The global economy wants - 𝙖𝙣𝙙 𝙣𝙚𝙚𝙙𝙨 - real-time payments! I cover this & the latest news impacting XRP in today's blog:

𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐂𝐫𝐲𝐩𝐭𝐨 𝐍𝐞𝐰𝐬: Readers should strongly consider supporting Christine Lagarde, the current Managing Director of the IMF, as she champions serious debate of digital assets.

𝐑𝐢𝐩𝐩𝐥𝐞 𝐍𝐞𝐰𝐬: Ripple donates one million dollars to Tipping Point, a local San Francisco non-profit; And the first ILP Summit is announced.   

𝐂𝐨𝐢𝐥 𝐍𝐞𝐰𝐬: Ben Sharafian peppers social media with some recent innovative Coil-related code snippets for developers to use.

𝐗𝐑𝐏 𝐍𝐞𝐰𝐬:  A new version of XRP Validator software is formally announced after the end of the voting period; the XRP Community Fund announces a bounty for a WooCommerce plugin; A member of the Good Souls Group (XRP Charities) announces a fund-raising campaign & t-shirt raffle for Children on the Edge; Fidelity announces a soft rollout of their new institutional custody and crypto exchange platform; SBI re-targets this July for roll-out of their real-time trading on SBI VC; HuobiGlobal announces support for XRP in its OTC platform; and QB.com, a Hong Kong - based crypto exchange, announces support for XRP;

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor


On Twitter: https://twitter.com/Hodor/status/1104704707606601728

[jhontwis]

Ripple's had a little calm down now. There was more speculation in the past. The XRP team is running a good advertising campaign. They can affect the price very positively.

[encycrypto]

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

Actually, not even millions

https://www.crypto51.app/

OMG that's quite dangerous. Not even half a million for an hour of attack.

Are you sure that the costs provided there are accurate?!?

[Branko]

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

Actually, not even millions

https://www.crypto51.app/

OMG that's quite dangerous. Not even half a million for an hour of attack.

Are you sure that the costs provided there are accurate?!?

Well theres pretty good explanation about all this here:

https://thenextweb.com/hardfork/2018/05/30/heres-how-much-it-costs-to-launch-a-51-attack-on-pow-cryptocurrencies/

seems legit

[encycrypto]

That's a bad statement. Getting 51% hash of bitcoin will cost billions, does he really think that it's possible?

A perfectly decentralized platform will always be 51% attackable.

Actually, not even millions

https://www.crypto51.app/

OMG that's quite dangerous. Not even half a million for an hour of attack.

Are you sure that the costs provided there are accurate?!?

Well theres pretty good explanation about all this here:

https://thenextweb.com/hardfork/2018/05/30/heres-how-much-it-costs-to-launch-a-51-attack-on-pow-cryptocurrencies/

seems legit

That only lessens my trust in crypto, I wish that we can get a huge price increase and a huge hashrate increase so that at least the attack of bitcoin could get expensive.

[Branko]

That only lessens my trust in crypto, I wish that we can get a huge price increase and a huge hashrate increase so that at least the attack of bitcoin could get expensive.

That would not help...cost would be higher, but you would also gain/steal more...only real answer
is true decentralization...much more pools, much more miners, and some way to remove/negate
services like nicehash

[Jahn46]

When will people stop investing in ripple it is a rubbish coin with a ridiculous coin supply, the owners are just making millions off people

[RivAngE]

That only lessens my trust in crypto, I wish that we can get a huge price increase and a huge hashrate increase so that at least the attack of bitcoin could get expensive.

That would not help...cost would be higher, but you would also gain/steal more...only real answer
is true decentralization...much more pools, much more miners, and some way to remove/negate
services like nicehash

No no you're missing one important point.
If the price of a coin would increase by 50%, then let's say the hashrate would only increase by 50%. However the cost for a 51% is always the double of the existing hashrate, so the cost would increase by 100%.
A 300% increase in BTC's price would shoot the cost for an attack to 600% its current cost.

In any case, as it's obvious from the amount of whales that exist, such amount of money is not an issue for many. Especially if enemies of cryptocurrencies would like to damage their image, they could do so no matter their cost as long as they could.

Those of us we're holding XRP, ain't we glad it's not a PoW coin?

[encycrypto]

That only lessens my trust in crypto, I wish that we can get a huge price increase and a huge hashrate increase so that at least the attack of bitcoin could get expensive.

That would not help...cost would be higher, but you would also gain/steal more...only real answer
is true decentralization...much more pools, much more miners, and some way to remove/negate
services like nicehash

No no you're missing one important point.
If the price of a coin would increase by 50%, then let's say the hashrate would only increase by 50%. However the cost for a 51% is always the double of the existing hashrate, so the cost would increase by 100%.
A 300% increase in BTC's price would shoot the cost for an attack to 600% its current cost.

In any case, as it's obvious from the amount of whales that exist, such amount of money is not an issue for many. Especially if enemies of cryptocurrencies would like to damage their image, they could do so no matter their cost as long as they could.

Those of us we're holding XRP, ain't we glad it's not a PoW coin?

That's exactly what I was speaking about, but we can't say that ripple is much better than attackable coins. The whole reason of crypto revolves around decentralization, if we can't achieve true decentralization, then it'll be a win of banks.

[Branko]

That's exactly what I was speaking about, but we can't say that ripple is much better than attackable coins. The whole reason of crypto revolves around decentralization, if we can't achieve true decentralization, then it'll be a win of banks.

Banks already won...everything else is just an illusion

[encycrypto]

That's exactly what I was speaking about, but we can't say that ripple is much better than attackable coins. The whole reason of crypto revolves around decentralization, if we can't achieve true decentralization, then it'll be a win of banks.

Banks already won...everything else is just an illusion

Already won? LOL. They're starting to lose - it was easier to tamper bitcoin blockchain in 2009-2016 than right now, so they're surely losing, but slowly!

[Branko]

Already won? LOL. They're starting to lose - it was easier to tamper bitcoin blockchain in 2009-2016 than right now, so they're surely losing, but slowly!

Do you use bitcoin because of bitcoin, or because you want to change it for fiat to buy stuff?
See? They already won. Bankers already own majority of most cryptos, and if not, they
can use people greed and buy it with fiat.
Make no mistake, if crypto takes over fiat any time soon, you can bet crypto will be
dispersed among people the same way fiat is...1% will own majority

[Hodor7777]

Welcome To Our World, Bob

Blog Location: https://xrpcommunity.blog/welcome-to-our-world-bob/

Bob Way, a Ripple alumnus, indicated he's starting work on an ambitious new project! Learn more about him - and his new project - in today's blog.

I hope you enjoy the read!

Thanks & Sincerely,
-Hodor


On Twitter: https://twitter.com/Hodor/status/1106520407186780160

[Bytem3]

Decentralized or not, Ripple is going to play an important role in the future of banking.

https://crypto300.com/ripple-xrp-bb-squeeze-hints-of-undervaluation-and-demand/

[encycrypto]

Decentralized or not, Ripple is going to play an important role in the future of banking.

https://crypto300.com/ripple-xrp-bb-squeeze-hints-of-undervaluation-and-demand/

Ripple has been quiet for some time and haven't responded very well to the recent jump of crypto, there might be a jump in XRP soon.

[RivAngE]

Ripple has been quiet for some time and haven't responded very well to the recent jump of crypto, there might be a jump in XRP soon.

Ye... I've been thinking. XRP is very often moving indubitable of other altcoin and Bitcoin, I remember it was also the first one to start spiking back in December 2017.
Maybe if it's moving yet, it means there is no bullrun incoming yet, which should be good for investors but bad for traders.

My guess is that smart money is flowing into XRP when the market is about to shift and this the cause of this phenomenon.