MemberBerries
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May 03, 2019, 06:48:28 AM |
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Actually, BTC is one of more centralized ones, both by pools (3 or 4 big ones can do 51% attack), and by country (China alone can attack it)
Agreed! Bitcoin mining is becoming centralized. However, this does not change that Ripple is a centralized platform. It will only stop being centralized if Ripple finds a decentralized consensus process on adding nodes in the Trusted Nodes List. For the hundredth time, the nodes that take care of the consensus are decentralized and open to anyone !!! Just have a look at the list of validators here: https://xrpcharts.ripple.com/#/validatorsOut of the total 117 nodes running on the main net, only 7 are controlled from ripple.com ! (yes I actually counted all the nodes one by one to make sure since CTRL+F was returning a little bigger number)This is just 5% of the network controlled by Ripple!! 5%You can read an interesting article and find some graphs about it here: https://ambcrypto.com/uae-is-top-destination-for-token-sales-in-2019-iota-pumps-by-17-as-jaguar-integrates-it-for-data-sharing-access-and-moreAs for the actual coins and who owns them, those are locked behind a smart contract which releases the coins in small amounts every month. Personally I check the " XRP Supply" section found on the bottom of this page: https://ripple.com/xrp/market-performance/, it's updated every month and if you write down these numbers every month (like I've been doing) you'll get a nice picture of how those coins are handled. For anyone interested, here is a 1 year comparison of the XRP, 25/03/2018TOTAL XRP HELD BY RIPPLE 7,097,884,501TOTAL XRP DISTRIBUTED 39,094,520,623TOTAL XRP PLACED IN ESCROW 53,800,000,02414/04/2019TOTAL XRP HELD BY RIPPLE 6,486,676,982 TOTAL XRP DISTRIBUTED 42,004,966,728TOTAL XRP PLACED IN ESCROW 51,500,000,013The above numbers show us that after 1 year... - 2300 million XRP have left the escrow and 2299m of them are in circulation right now, the 1m XRP difference are burnt coins.
- From 15% of the coins held by XRP in the end of March 2018, we're now at 13%.
- Considering the XRP held by Ripple and the XRP distributed as "coins in circulation" and the XRP placed in escrow as "coins to be mined", XRP had a good yearly inflation rate of 4.74% (for comparison, BTC had about 4.5% and ETH about 7%).
Ofcourse Ripple stills has the potential to earn 51billion of XRP , but this will take about 50 more years. Ripple promises that they sell their coins on OTC deals which shouldn't affect the trading price in exchanges, but even if they were to dump 100% of the coins they earn to the market, the impact would still be similar to BTC miners dumping 100% of their coins or Ethereum miners dumping 70% of their mined coins. However does Ripple let everyone or have a consensus process on who to include in the Trusted Node List? Also to who or where did they distribute all the XRP sold by Ripple? I reckon to a few trusted parties by Ripple, correct? Who holds the XRP in escrow? Who holds in escrow? A: A mathematical formula wich releases 1 billion xrp a month and put the unsold back into escrow. In btc they call that mining.
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Viper_Unleashed
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May 04, 2019, 04:37:36 PM |
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Lot of fuds and hyping going on at present.each day people hoping to get to the moon but that's not true,current situation only tells pump and dump situation.Ripple launched the X-rapid payments but that doesn't seemed to effect the price.Moreover maximum tokens are possessed by one person.Project is good and people will definitely get some profit but that will not be what many people are expecting based on moon theory.Considering payment system and transactions projects like lumens and litecoin are more effective and transparent.Many people do not like the fact of cetralized tokens.
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heidikim
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May 04, 2019, 06:11:28 PM |
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Ripple, unlike the movements in the market, almost does not respond. This may seem very interesting to us, but perhaps the bullish season has not come as you are doing what you do
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JollyGood
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May 04, 2019, 07:31:47 PM |
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Ripple, unlike the movements in the market, almost does not respond. This may seem very interesting to us, but perhaps the bullish season has not come as you are doing what you do That is because XRP is very stable coin. It is excellent to add to any portfolio.
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AliErkic
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xrp shitcoin is SCAM - get out!!!!!!!!!!!!!!!!!!!!
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May 04, 2019, 10:40:38 PM |
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Ripple, unlike the movements in the market, almost does not respond. This may seem very interesting to us, but perhaps the bullish season has not come as you are doing what you do I agree, very bullish market of good crypto has not affected XRP and it's a sign showing XRP market manipulation is failing now. Ripple can't push up XRP shitcoin anymore by fake bot news and people are selling big bags because all are pissed how Ripple shit on holders for founders gain. https://bitcoinexchangeguide.com/infamous-crypto-twitter-xrp-army-gets-called-out-for-fake-accounts-astroturfing-public-opinion/
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xrp shitcoin is SCAM! *** Get out! *** Don't get scammed by Ripple Labs and scammer Garlinghouse *** xrp shitcoin is SCAM! *** Get out!!!
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sakokinak
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May 05, 2019, 03:10:20 PM |
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XRP has been in the top 3 crypto by market capital for many years.
It is a great investment.
Yeah XRP is a great investment for now and for long term, many folks panic when there's a little dip in xrp price then they sell off. Everyone expecting a bull run in this year or next year so after bull run we will see XRP on high level so XRP also good investment right now. I do not see Ripple among the best virtual currencies. Sorry, I cannot call it even the crypto through its centralized nature. It is more interesting to the banks not to the simple investors.
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JollyGood
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May 05, 2019, 04:39:49 PM |
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I do not see Ripple among the best virtual currencies. Sorry, I cannot call it even the crypto through its centralized nature. It is more interesting to the banks not to the simple investors. Ripple is a crypto. Just because it is centralised does not make it less crypto than altcoins.
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ðºÞæ
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Bitcoin © Maximalist
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May 05, 2019, 04:59:33 PM |
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I do not see Ripple among the best virtual currencies. Sorry, I cannot call it even the crypto through its centralized nature. It is more interesting to the banks not to the simple investors. Ripple is a crypto. Just because it is centralised does not make it less crypto than altcoins. Ripple is a company selling the XRP hocus-pocus to newb's at massive inflated prices.
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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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JollyGood
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May 05, 2019, 05:19:10 PM |
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Ripple is a company selling the XRP hocus-pocus to newb's at massive inflated prices. Some would counter that Ripple is in fact a network and that XRP which runs off that network is a fantastic investment
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ðºÞæ
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May 05, 2019, 05:32:38 PM Last edit: May 05, 2019, 05:52:38 PM by ðºÞæ |
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Ripple is a company selling the XRP hocus-pocus to newb's at massive inflated prices. Some would counter that Ripple is in fact a network and that XRP which runs off that network is a fantastic investment Networks have CEO, CTO....? "Fool seeking greater Fool" to dump on at a later date was never and never will be a fantastic investment.
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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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encycrypto
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May 05, 2019, 11:58:15 PM |
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Too many big XRP movements these days, including a huge amount of XRP unlocking. Dump incoming soon or is it just those big financial institutions buying XRP from Ripple company wallet? Let's wait and see.
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Remainder
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May 06, 2019, 03:01:57 AM |
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Too many big XRP movements these days, including a huge amount of XRP unlocking. Dump incoming soon or is it just those big financial institutions buying XRP from Ripple company wallet? Let's wait and see.
This coin is more invested by institutions and I don't see this coin dump more often. It's one of the most stable coins in the market as there are only few investors of XRP that could panic easily. Usually when we speak of institutional money, they are in for a longer team, and they have plans and will not not panic.
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bbc.reporter
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May 06, 2019, 04:04:55 AM |
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Actually, BTC is one of more centralized ones, both by pools (3 or 4 big ones can do 51% attack), and by country (China alone can attack it)
Agreed! Bitcoin mining is becoming centralized. However, this does not change that Ripple is a centralized platform. It will only stop being centralized if Ripple finds a decentralized consensus process on adding nodes in the Trusted Nodes List. For the hundredth time, the nodes that take care of the consensus are decentralized and open to anyone !!! Just have a look at the list of validators here: https://xrpcharts.ripple.com/#/validatorsOut of the total 117 nodes running on the main net, only 7 are controlled from ripple.com ! (yes I actually counted all the nodes one by one to make sure since CTRL+F was returning a little bigger number)This is just 5% of the network controlled by Ripple!! 5%You can read an interesting article and find some graphs about it here: https://ambcrypto.com/uae-is-top-destination-for-token-sales-in-2019-iota-pumps-by-17-as-jaguar-integrates-it-for-data-sharing-access-and-moreAs for the actual coins and who owns them, those are locked behind a smart contract which releases the coins in small amounts every month. Personally I check the " XRP Supply" section found on the bottom of this page: https://ripple.com/xrp/market-performance/, it's updated every month and if you write down these numbers every month (like I've been doing) you'll get a nice picture of how those coins are handled. For anyone interested, here is a 1 year comparison of the XRP, 25/03/2018TOTAL XRP HELD BY RIPPLE 7,097,884,501TOTAL XRP DISTRIBUTED 39,094,520,623TOTAL XRP PLACED IN ESCROW 53,800,000,02414/04/2019TOTAL XRP HELD BY RIPPLE 6,486,676,982 TOTAL XRP DISTRIBUTED 42,004,966,728TOTAL XRP PLACED IN ESCROW 51,500,000,013The above numbers show us that after 1 year... - 2300 million XRP have left the escrow and 2299m of them are in circulation right now, the 1m XRP difference are burnt coins.
- From 15% of the coins held by XRP in the end of March 2018, we're now at 13%.
- Considering the XRP held by Ripple and the XRP distributed as "coins in circulation" and the XRP placed in escrow as "coins to be mined", XRP had a good yearly inflation rate of 4.74% (for comparison, BTC had about 4.5% and ETH about 7%).
Ofcourse Ripple stills has the potential to earn 51billion of XRP , but this will take about 50 more years. Ripple promises that they sell their coins on OTC deals which shouldn't affect the trading price in exchanges, but even if they were to dump 100% of the coins they earn to the market, the impact would still be similar to BTC miners dumping 100% of their coins or Ethereum miners dumping 70% of their mined coins. However does Ripple let everyone or have a consensus process on who to include in the Trusted Node List? Also to who or where did they distribute all the XRP sold by Ripple? I reckon to a few trusted parties by Ripple, correct? Who holds the XRP in escrow? Who holds in escrow? A: A mathematical formula wich releases 1 billion xrp a month and put the unsold back into escrow. In btc they call that mining. Can you explain more how that escrow system works? Can anyone participate in mining Ripples? I reckon the community should participate in this to help secure the Ripple ledger.
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RivAngE
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What doesn't kill you, makes you stronger
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May 06, 2019, 07:12:39 AM |
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Actually, BTC is one of more centralized ones, both by pools (3 or 4 big ones can do 51% attack), and by country (China alone can attack it)
Agreed! Bitcoin mining is becoming centralized. However, this does not change that Ripple is a centralized platform. It will only stop being centralized if Ripple finds a decentralized consensus process on adding nodes in the Trusted Nodes List. For the hundredth time, the nodes that take care of the consensus are decentralized and open to anyone !!! Just have a look at the list of validators here: https://xrpcharts.ripple.com/#/validatorsOut of the total 117 nodes running on the main net, only 7 are controlled from ripple.com ! (yes I actually counted all the nodes one by one to make sure since CTRL+F was returning a little bigger number)This is just 5% of the network controlled by Ripple!! 5%--- shortened the quote ---The above numbers show us that after 1 year... - 2300 million XRP have left the escrow and 2299m of them are in circulation right now, the 1m XRP difference are burnt coins.
- From 15% of the coins held by XRP in the end of March 2018, we're now at 13%.
- Considering the XRP held by Ripple and the XRP distributed as "coins in circulation" and the XRP placed in escrow as "coins to be mined", XRP had a good yearly inflation rate of 4.74% (for comparison, BTC had about 4.5% and ETH about 7%).
Ofcourse Ripple stills has the potential to earn 51billion of XRP , but this will take about 50 more years. Ripple promises that they sell their coins on OTC deals which shouldn't affect the trading price in exchanges, but even if they were to dump 100% of the coins they earn to the market, the impact would still be similar to BTC miners dumping 100% of their coins or Ethereum miners dumping 70% of their mined coins. However does Ripple let everyone or have a consensus process on who to include in the Trusted Node List? Also to who or where did they distribute all the XRP sold by Ripple? I reckon to a few trusted parties by Ripple, correct? Who holds the XRP in escrow? Who holds in escrow? A: A mathematical formula wich releases 1 billion xrp a month and put the unsold back into escrow. In btc they call that mining. Can you explain more how that escrow system works? Can anyone participate in mining Ripples? I reckon the community should participate in this to help secure the Ripple ledger. First of all, "Ripple" is the name of the company that created this blockchain and all the business software that uses XRP. "XRP" is the name of the coin which is used as the backbone in some of their software. None can "mine" XRP. The escrow/algorithm releases a stable amount only to the Ripple company who sells or gifts it to partner companies and/or for marketing reasons, I don't think we have the exact details of how they use this monthly XRP income but we should be able to tell by watching the blockchain. However there's no reason to panic with this method, since the coins are NOT SOLD to public exchanges, they are sold OTC (Over The Counter), for example I might want to sell 1000 BTC, but instead of dumping them on the market and driving the price down we could both agree that I transfer you the BTC and you give me 5.50 million through a private channel. Since the exchange is not going through the public Exchanges, the sale does't affect the coin's price. This method allows Ripple Labs (the company) to benefit by having a monthly income without pushing the coin's price down. The coins are distributed the same way they'd be distributed if people were mining it, but instead of paying for hardware and electricity bills, they pay Ripple Labs.
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Vit83
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May 06, 2019, 08:31:03 AM |
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Trading XRP to BTC. IMHO we are near the bottom. Bought some at 5200 level, hope it was a proper decision)
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JollyGood
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May 06, 2019, 11:08:16 AM |
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This coin is more invested by institutions and I don't see this coin dump more often.
It's one of the most stable coins in the market as there are only few investors of XRP that could panic easily. Usually when we speak of institutional money, they are in for a longer team, and they have plans and will not not panic. I agree with your views. The XRP institutional and huge investors are in it for the long term not the short term. Without a doubt this has been one of the most stable coins for years.
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Vit83
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May 06, 2019, 12:08:56 PM |
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This coin is more invested by institutions and I don't see this coin dump more often.
It's one of the most stable coins in the market as there are only few investors of XRP that could panic easily. Usually when we speak of institutional money, they are in for a longer team, and they have plans and will not not panic. I agree with your views. The XRP institutional and huge investors are in it for the long term not the short term. Without a doubt this has been one of the most stable coins for years. Sometimes I checking my telegram channels and reading just article headlines. Looks like XRP doing a great job with companies from the real world with real usage.
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JollyGood
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May 06, 2019, 01:06:49 PM |
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Sometimes I checking my telegram channels and reading just article headlines. Looks like XRP doing a great job with companies from the real world with real usage. That is a key point because XRP and Ripple network is being used/tested by several financial institutes and has potential to be of use in the real world transactions.
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honolulu888
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May 06, 2019, 01:09:57 PM |
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Sometimes I checking my telegram channels and reading just article headlines. Looks like XRP doing a great job with companies from the real world with real usage. That is a key point because XRP and Ripple network is being used/tested by several financial institutes and has potential to be of use in the real world transactions. Yes its even a big and famous bank in some country testing and starting to using ripple network more parthnership will help boost mass adoption of the ripple in the future
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JollyGood
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May 06, 2019, 02:08:28 PM |
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Sometimes I checking my telegram channels and reading just article headlines. Looks like XRP doing a great job with companies from the real world with real usage. That is a key point because XRP and Ripple network is being used/tested by several financial institutes and has potential to be of use in the real world transactions. Yes its even a big and famous bank in some country testing and starting to using ripple network more parthnership will help boost mass adoption of the ripple in the future I hope Western Union and Santander Bnak continue with their testing and even implementation of using Ripple.
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