Ripple releases 333 million more Tokens

[ulhaq]

ripple is centralized it's bad, i would not invest there ever, i hear that it's only used to pay their employees, it has no real use, not even for speculation, all i see there on coinmarketcap is the dumping for this coin, just forget it focus on better altcoin

Ripple is like that weird kid in the corner that no one ever talks to, and no one can ever figure out. He really doesn't belong in the class with the rest of the kids but there's no where else to send him where he'd fit in any better, so they just leave him there with the rest of us cryptos. 

\Anyway, since the value of Ripple is appreciating despite of all the negative reviews and not-so-nice reception on this forum, there must be really something in Ripple that is worth looking into...

Now that the value of Ripple is plummeting and the reviews are all still negative, does it mean there is nothing worth looking into in Ripple?

[iamnotback]

I've analyzed Ripple:

https://bitcointalk.org/index.php?topic=1663070.msg18447196#msg18447196

More followup:

Well to be fair it seems this is more a criticism of banking in general, not Ripple. I'm not aware of Ripple claiming they'd reform banking practices. From my understanding they're simply designing a system that can allow banks to operate more efficiently.

How is not paying an interest on deposits and not having any central bank or self-reported regulation on reserves represent what banking ever was or is?

If banks will only use Ripple as a clearing mechanism between themselves then what great value does Ripple have?

Frankly I don't understand what the widespread use case is?

Banks have the problem of trusting solvency. I don't see how trusted gateways resolve anything. All Ripple does is record that a promise was made. It doesn't do anything to insure those promises are valid or even fungible. Banks can't trust the USD.banknamehere tokens of each of 100 other banks. That is why they use a central bank backed currency.

I don't see how Ripple improves on the current situation at all.

Ripple reminds me of dot.com bubble with all the build it and they will come nonsense.

Ripple has a coordination problem which even the Fed can't solve. This is why Bitcoin rules and Ripple is dogshit.

Well, that was my point earlier. I don't see banks becoming non-existent "soon". Are you talking 5, 10 or 20 years when you say that?

I expect that in 5 - 10 years from now the world financial and monetary system will be quite different.

[Josepino]

Do you think Ripple will be a good payment method in next 2 years and it will reach at 1 usd/XRP . In my opinion it can be real and I have bought some XRP coins as saving money in future. Now it's only 0.02+usd and quite cheap for future investment.

[mmortal03]

Do you think Ripple will be a good payment method in next 2 years and it will reach at 1 usd/XRP . In my opinion it can be real and I have bought some XRP coins as saving money in future. Now it's only 0.02+usd and quite cheap for future investment.

Please see the following:

I don't know much about Ripple but should I buy it as an investment? It's still really cheap but has tripled in price in just a few days.

If you think it's cheap because of decimal places, you're doing it wrong.

Yes. A cheap cryptocoin is not determined by how much it is now but by how much really its future potential value will be. So cheap would really depend on various elements of that coin. If you buy something because of the low price and then it goes lower 10 years later, then the price of it was really high and that it was overvalued by the market.

[legendbtc]

I guess the greedy people behind this coin think they can make more money with the release and selling more coins. It's hard to believe that this coin having good volume. That's I've never choose a decentralized coin.

How can you say that they are greedy people, who are trading in the exchanges are the people need money as profit because they are believing XRP coin, that's why many people are actively trading Ripples in Poloniex. The only thing we have to bother whether the price of ripple will increase or not in coming we have to wait and see.

[LeGaulois]

From 2 april to 4 april we could see a nice incrase of the ripple rate but it didn't last long. so far it's back to it was before. Just a buzz after some news published here and there on  the web i think. What is your opinion guys for the next days

[raven7886]

Do you think Ripple will be a good payment method in next 2 years and it will reach at 1 usd/XRP . In my opinion it can be real and I have bought some XRP coins as saving money in future. Now it's only 0.02+usd and quite cheap for future investment.

Ripple is the perfect coin for long term investment if you can wait. Maybe there are better investments for the future if you can find them but Ripple is a sure bet.
I don’t like the “coin” itself but the ripple blockchain and the financial instutions using it proves that Ripple can only go higher. The coin itself is useless but the idea is so valuable to banks that the coin is somehow goes up as well.

[VC George]

I want my fair share 
4.28x7bln people right?
How much do 4 ripples cost?

[maku]

Do you think Ripple will be a good payment method in next 2 years and it will reach at 1 usd/XRP . In my opinion it can be real and I have bought some XRP coins as saving money in future. Now it's only 0.02+usd and quite cheap for future investment.

Ripple will never reach dollar parity if they continue to randomly increase coin cap. If they did it before what will stop them from doing it in the future?

How much do 4 ripples cost?

1 Ripple = $0.035890 Price is so insignificant that you can easily buy thousand of Ripples if you like.
But what is the point? It is not good capital investment? Fiat money has the same properties.

[namini]

There is a finite number of XRP, no more can be created. Because there is no mining, XRP are distributed over time (sold).
They are working on Locking up Ripple's XRP with Crypto Conditions to provide market predictability.

[VC George]

Do you think Ripple will be a good payment method in next 2 years and it will reach at 1 usd/XRP . In my opinion it can be real and I have bought some XRP coins as saving money in future. Now it's only 0.02+usd and quite cheap for future investment.

Ripple will never reach dollar parity if they continue to randomly increase coin cap. If they did it before what will stop them from doing it in the future?

How much do 4 ripples cost?

1 Ripple = $0.035890 Price is so insignificant that you can easily buy thousand of Ripples if you like.
But what is the point? It is not good capital investment? Fiat money has the same properties.

Was just making fun of it
Bitcoin is the only asset I hold for the last 2 years

[Josepino]

I want my fair share 
4.28x7bln people right?
How much do 4 ripples cost?

that is very specific calculation for XRP if this coin is used as digital currency in near future?
I like your way of simple calculation but it's real and possible to happen in this world.

[Zeta0S]

Do you think Ripple will be a good payment method in next 2 years and it will reach at 1 usd/XRP . In my opinion it can be real and I have bought some XRP coins as saving money in future. Now it's only 0.02+usd and quite cheap for future investment.

Ripple is the perfect coin for long term investment if you can wait. Maybe there are better investments for the future if you can find them but Ripple is a sure bet.
I don’t like the “coin” itself but the ripple blockchain and the financial instutions using it proves that Ripple can only go higher. The coin itself is useless but the idea is so valuable to banks that the coin is somehow goes up as well.

"Ripple coin is useless", and "Ripple is the perfect coin for long term"

I do not understand?

[aoluain]

My understanding of releasing more coins on the market is that its needed to facilitate the
potentially millions of transactions which will occur and is occurring between banks.
This I think is going to rise with more and more banks adopting it.

as it stands the total circulating supply is going to be shy of 100billion, we are only at
37billion now . . . i view it as something for the long term.

Because its so low in value now its a no brainer to risk $20. Thats my opinion.

[Spoetnik]

My understanding of releasing more coins on the market is that its needed to facilitate the
potentially millions of transactions which will occur and is occurring between banks.
This I think is going to rise with more and more banks adopting it.

as it stands the total circulating supply is going to be shy of 100billion, we are only at
37billion now . . . i view it as something for the long term.

Because its so low in value now its a no brainer to risk $20. Thats my opinion.

"My understanding" is that the bank down the road that was robbed was ripped off because they plan on giving 20% to charity.
A charity i may be a part of too.
Hence my need to post this..

[mmortal03]

My understanding of releasing more coins on the market is that its needed to facilitate the
potentially millions of transactions which will occur and is occurring between banks.
This I think is going to rise with more and more banks adopting it.

as it stands the total circulating supply is going to be shy of 100billion, we are only at
37billion now . . . i view it as something for the long term.

Because its so low in value now its a no brainer to risk $20. Thats my opinion.

That number is arbitrary, given that they can be subdivided.

[robelneo]

Why do people like a coin that can just randomly put 333 million coins into circulation, raising the market cap substantially?
Crazy

Who do they sell? I mean they sell the tokens through which website? It is insane to gain the supply again. Ripple will be dead soon

I hope they will to many supply and they will just release as they want,of course they have a good roadmap but being a decentralized is such a big letdown to this coin,the team and the company are the whales here,since they control their supply and their premine but you cannot argue with success.

[sotoshihero]

There is a finite number of XRP, no more can be created. Because there is no mining, XRP are distributed over time (sold).
They are working on Locking up Ripple's XRP with Crypto Conditions to provide market predictability.

Then this is a good signal then. By releasing 333 million on the market, means that they cannot control it it. It will be  community driven crypto currency which is beneficial to owners. But surely releasing this coin disrupts the coin value.

[Spoetnik]

Yup, pulling my pants down and showing the neighbors my white ass as i squat in my front yard taking a nice big stinky rotten shit is "good"

..because it fertilizes the grass.

[aoluain]

My understanding of releasing more coins on the market is that its needed to facilitate the
potentially millions of transactions which will occur and is occurring between banks.
This I think is going to rise with more and more banks adopting it.

as it stands the total circulating supply is going to be shy of 100billion, we are only at
37billion now . . . i view it as something for the long term.

Because its so low in value now its a no brainer to risk $20. Thats my opinion.

That number is arbitrary, given that they can be subdivided.

I didnt know they could be subdivided and I cannot find anything online
which states this.

Why do people like a coin that can just randomly put 333 million coins into circulation, raising the market cap substantially?
Crazy

Who do they sell? I mean they sell the tokens through which website? It is insane to gain the supply again. Ripple will be dead soon

I hope they will to many supply and they will just release as they want,of course they have a good roadmap but being a decentralized is such a big letdown to this coin,the team and the company are the whales here,since they control their supply and their premine but you cannot argue with success.

I think in every crypto there are whales creating waves for the minnows to deal with