Ripple announces XRP lockup, locking up as many as 88% of its current XRP.

[ParabellumLite]

Link:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

[xFiber]

This is great news and I suddenly trust Ripple alot more than I used to. I'm currently going to hoard some ripple for myself. I'm also curious how this will affect the price of ripple since it already has been in a really big uptrend.

[espante]

They can still release 12% immediately as well as being able to release a portion of those 88% every month. They were never going to flood the market as that would crash the price so this is the smartest way to do it for them to maximize their return.

I think most ripple fans will see this as good news but I see it as the opposite.

[Spoetnik]

This is great news and I suddenly trust Ripple alot more than I used to. I'm currently going to hoard some ripple for myself. I'm also curious how this will affect the price of ripple since it already has been in a really big uptrend.

This is hilarious.  

A centralized entity ..a corporation says that and you think it's good ? WOW  

Since they decided to do what ever they want when ever they want.. what is stopping them from uhh
Doing what ever they want when ever they want ? ahhahahhahaha

In other words taking their word for things or trusting them is utterly pointless beyond comprehension.

[ðºÞæ]

Its called a Pump and Dump.
Pump it then announce you Dump (release) 1b a month, classical.

Ripple tard will tell you it is normal natural growth. 

[yelllowsin]

Link:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

Read between the lines, they are not locking it forever. 1 billion XRP will be available for them each month so they can dump it slowly into the market.

[qiwoman2]

So many billions of Ripple make me feel too scared now to invest in it especially after the recent price hikes. I am not sure where it is going but for those who got in early and are very much in profit this could be good news. I am not sure though that entering at this point in the Ripple market would be a beneficial move.  I could be wrong though and it may moon even further afield.

[dwgscale11]

You all are suckers to buy into this blatant scam.

[g___]

You all are suckers to buy into this blatant scam.

as opposed to buying into...?

[SoMuchDerp]

You all are suckers to buy into this blatant scam.

as opposed to buying into...?

Oh, I don't know, maybe something that will help continue to grow the innovations that decentralized cryptocurrency makes possible? Or we could continue to divert all funds to a centralized company and slowly bleed out until they have satisfactorily crippled the promise of a future that includes financial freedom.

Won't it be great when FinCEN orders Ripple to require their already AML/KYC customers to be Accredited investors? Then we can go back to the good old days before Bitcoin, when only those with a million dollars in their savings account get to invest in startups? Yeah, digital Fiat will be awesome. We should definitely buy into this scheme.

[lionheart78]

So many billions of Ripple make me feel too scared now to invest in it especially after the recent price hikes. I am not sure where it is going but for those who got in early and are very much in profit this could be good news. I am not sure though that entering at this point in the Ripple market would be a beneficial move.  I could be wrong though and it may moon even further afield.

I agree, this price hike is surely a bubble, billions of coins to be release in series, that is what we called epic dump with consent since supporters even agree and happy with it .  They said it is deflationary, deflationary what? Burning 0.0000001 every transaction? ugh...  just imagin how many transaction it needs to burn  1 whole XRP.

[g___]

Oh, I don't know, maybe something that will help continue to grow the innovations that decentralized cryptocurrency makes possible?

you act as if ripple is the only thing which exists... you have choices. the entire point of business is competition. just because you're a crypto anarchist who doesn't believe in their vision/direction, doesn't equate them to a scam, fraud, pyramid scheme... they provide a solution to a problem, as other coins do for other things. you can stick to bitcoin or seashells, no one cares what you do.

[andyatcrux]

Oh, I don't know, maybe something that will help continue to grow the innovations that decentralized cryptocurrency makes possible?

you act as if ripple is the only thing which exists... you have choices. the entire point of business is competition. just because you're a crypto anarchist who doesn't believe in their vision/direction, doesn't equate them to a scam, fraud, pyramid scheme... they provide a solution to a problem, as other coins do for other things. you can stick to bitcoin or seashells, no one cares what you do.

You make a fair point here but I think a lot of people are missing the fact that XRP is a very small and highly speculative part of the solution that the company, Ripple, provides. The prospectus that they are currently providing banks emphasizes Interledger and to even my surprise they completely removed any mention of XRP as part of the solutions they offer. I do realize that people involved in interledger are using XRP to do tests and whatnot but people are continuing to conflate XRP token with Ripple tech.

https://ripple.com/files/ripple_solutions_guide.pdf

Edit: Seriously, please go through all 26 pages of this guide. It is a redraft of their 2016 guide and XRP is removed from it. You can see each individual use case broken down in detail as it was before. But this time around they no longer are presenting the token XRP for use. They have been mentioning the RCL separately as another product in which banks may be able to be market makers procuring XRP for use as a bridge currency but it no longer seems to be the focus. It is all there and plain to see, nothing to refute about it at this point. If I were deep in XRP at this point I'd take the time to really dig in to what the facts are surrounding the token XRP and it's future. No doubt that Ripple, the company, is doing well. It just remains to be seen how many of the speculative claims about XRPs actual use will pan out.

[leopard2]

Link:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

Read between the lines, they are not locking it forever. 1 billion XRP will be available for them each month so they can dump it slowly into the market.

If they can lock, they can unlock

In BTC, it would take the majority of millions of users, to change market cap

Ripple have Admin privileges so they can do what they want; worst case they create XRP 2.0 (perhaps when they get national security letter because Iranian banks own XRP) and abandon the old XRP or something like this. 

[vsyc]

Link:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

Read between the lines, they are not locking it forever. 1 billion XRP will be available for them each month so they can dump it slowly into the market.

If they can lock, they can unlock

In BTC, it would take the majority of millions of users, to change market cap

Ripple have Admin privileges so they can do what they want; worst case they create XRP 2.0 (perhaps when they get national security letter because Iranian banks own XRP) and abandon the old XRP or something like this. 

Or one Jihan Wu saying: "This it, to the BU miners! 51% Attack on BitCoin!". Impressive whole BTC faith in some random Chinese miner ROFL

[andyatcrux]

Link:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

Read between the lines, they are not locking it forever. 1 billion XRP will be available for them each month so they can dump it slowly into the market.

If they can lock, they can unlock

In BTC, it would take the majority of millions of users, to change market cap

Ripple have Admin privileges so they can do what they want; worst case they create XRP 2.0 (perhaps when they get national security letter because Iranian banks own XRP) and abandon the old XRP or something like this. 

Or one Jihan Wu saying: "This it, to the BU miners! 51% Attack on BitCoin!". Impressive whole BTC faith in some random Chinese miner ROFL

Wrong topic. Since you bring it up, first they need 51% and even then if most nodes, users, exchanges and infrastructure doesn't follow their chain it essentially becomes an altcoin no different than the hundreds of other Bitcoin clones out there. This is the reality based on sentiment. Financial suicide for Jihan Wu. It is advantageous to threaten a hostile fork, but not viable. What does any of this have to do with XRP?

[bbc.reporter]

Its called a Pump and Dump.
Pump it then announce you Dump (release) 1b a month, classical.

Ripple tard will tell you it is normal natural growth. 

I will quote the article here in case someone tries to argue against it. Please look at the quote below. This is a signal from the team of Ripple themselves that they will be selling 1 billion XRP a month. The only good I see about it is at least they have made everything transparent to everyone what they want to do. Maybe it is also a needed public announcement to protect themselves from the SEC.

To help give potential future XRP owners certainty that the market won't be flooded with this trove of cryptocurrecy, Ripple built 55 smart contracts using its own escrow feature released for public used in March, each holding 1 billion XRP and expiring on the first day of every month for a period of 54 months.

As each contract expires, the cryptocurrency will briefly become available for Ripple to use as it sees fit.

[tigershark]

If the coins still exist then they could release them later right? It may help the price now but hurt it later.

[gentil]

Typical Coindesk propaganda, which part owns Ripple.

Ripple is a huge step backwards for crypto, its bankers wet dream. I'm going to enjoy this big fat Ripple dump

[Serena Yin]

Link:

http://www.coindesk.com/ripple-pledges-lock-14-billion-xrp-cryptocurrency/

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