Is crypto fighting a losing battle against Ripple?

[alani123]

Ripple has some similarities with bitcoin but nonetheless gets rid of many non-features in the expense of decentralization. It doesn't hold users to the same level of trustlessness against the network but its adoption is rampant. The recent spike in Ripple's price made it surpass ETH for good and now has bitcoin's market cap lower than 50% among altcoin market capitalizations collectively. Will Ripple continue dominating cryptocurrency?

[vlight]

Ripple doesn't count. There should be a checkbox on CMC to exclude XRP from viewing.

[vsyc]

Ripple has some similarities with bitcoin but nonetheless gets rid of many non-features in the expense of decentralization. It doesn't hold users to the same level of trustlessness against the network but its adoption is rampant. The recent spike in Ripple's price made it surpass ETH for good and now has bitcoin's market cap lower than 50% among altcoin market capitalizations collectively. Will Ripple continue dominating cryptocurrency?

Yes it will, #1, soon.

[alani123]

Ripple has some similarities with bitcoin but nonetheless gets rid of many non-features in the expense of decentralization. It doesn't hold users to the same level of trustlessness against the network but its adoption is rampant. The recent spike in Ripple's price made it surpass ETH for good and now has bitcoin's market cap lower than 50% among altcoin market capitalizations collectively. Will Ripple continue dominating cryptocurrency?

Yes it will, #1, soon.

To be perfectly honest, I don't think that this is going to happen soon. Unlike Bitcoin, Ripple is the kind of alt that can -in practice- benefit greatly from widespread adoption. But adoption by banks and institutions isn't going to happen form one day to another. For Ripple to actually surpass bitcoin, it'd need to keep rising stably for a long period of time and receive much more adoption to support such a thing.

[leopard2]

This is how it works. XRP is created like Zimbabwe dollar but without paper. The reason why this can happen is that XRP cannot be used in real economy, it can not even be sold in significant amounts.

If only 0.1% of XRP would flow out of the bubble into real assets like ETH, BTC, USD... then the price and market cap of XRP would go near zero.

Of course, market cap of XRP must be the highest because it is not a cryptocurrency, it can be created in fantastic amounts and the equation

(XRP polo price) * (fantastic number) >> (BTC price) * (21 million)

will always be true. As long as there is one party (Ripple labs) they can "promise" or "claim" what they want; they can change their opinion every day. No miners, no users, no consensus, just a few guys in an office.  

[vsyc]

This is how it works. XRP is created like Zimbabwe dollar but without paper. The reason why this can happen is that XRP cannot be used in real economy, it can not even be sold in significant amounts.

If only 0.1% of XRP would flow out of the bubble into real assets like ETH, BTC, USD... then the price and market cap of XRP would go near zero.

Of course, market cap of XRP must be the highest because it is not a cryptocurrency, it can be created in fantastic amounts and the equation

(XRP polo price) * (fantastic number) >> (BTC price) * (21 million)

will always be true. As long as there is one party (Ripple labs) they can "promise" or "claim" what they want; they can change their opinion every day. No miners, no users, no consensus, just a few guys in an office.  

You forgot to take your prescription in the morning, otherwise you would not be writing all this delusion above, unless you got resistance ;/ Anyway, get well.

[vsyc]

Ripple has some similarities with bitcoin but nonetheless gets rid of many non-features in the expense of decentralization. It doesn't hold users to the same level of trustlessness against the network but its adoption is rampant. The recent spike in Ripple's price made it surpass ETH for good and now has bitcoin's market cap lower than 50% among altcoin market capitalizations collectively. Will Ripple continue dominating cryptocurrency?

Yes it will, #1, soon.

To be perfectly honest, I don't think that this is going to happen soon. Unlike Bitcoin, Ripple is the kind of alt that can -in practice- benefit greatly from widespread adoption. But adoption by banks and institutions isn't going to happen form one day to another. For Ripple to actually surpass bitcoin, it'd need to keep rising stably for a long period of time and receive much more adoption to support such a thing.

BitCoins adaption is not great as-well IMHO, and its development stagnation does not benefit to adaption at all. And I think gateways can be adopted not just by banks, correct me if I am wrong.

[Febo]

Ripple has some similarities with bitcoin but nonetheless gets rid of many non-features in the expense of decentralization. It doesn't hold users to the same level of trustlessness against the network but its adoption is rampant. The recent spike in Ripple's price made it surpass ETH for good and now has bitcoin's market cap lower than 50% among altcoin market capitalizations collectively. Will Ripple continue dominating cryptocurrency?

There is 100 billions XRP so marketcap is 34 bilions so already higher then Bitcoins.
Ripple should not be on coinmarketcap.com at first place. It is not decentralized. You could put PayPal on there also.

[leopard2]

Ripple has some similarities with bitcoin but nonetheless gets rid of many non-features in the expense of decentralization. It doesn't hold users to the same level of trustlessness against the network but its adoption is rampant. The recent spike in Ripple's price made it surpass ETH for good and now has bitcoin's market cap lower than 50% among altcoin market capitalizations collectively. Will Ripple continue dominating cryptocurrency?

There is 100 billions XRP so marketcap is 34 bilions so already higher then Bitcoins.
Ripple should not be on coinmarketcap.com at first place. It is not decentralized. You could put PayPal on there also.

or Visa, Amex and so on. But if you buy shares in those companies, you own a part of them

If you buy XRP, you own nothing. You could own all XRP and not have a single vote....

[European Central Bank]

there is no battle against ripple. it's a different thing. it'll work well in tandem with crypto. the only battle is for pumper profits.

[ozaeri]

Ripple has risen the hardest but will also fall the hardest, it has very little fundamental value despite what its supporters say because banks using the technology don't even need the currency. They use the blockchain without it.

Of course looking purely at market cap you might think so but its too early to tell, I think it will crash hard sooner or later and more likely sooner.

[jbl888]

Imo, there's lots of money to be made speculating but a lot of it is luck.

The best cryptocurrency is one that provides value worldwide AND has a patent that keeps others from doing exactly the same thing

AND is actually run by a CEO that makes healthy decisions for all token holders and protects from manipulators and adjusts to changing society demand


That's why I'm going all in on CEO Reggie Middleton's Veritaseum Veritas ... not trying to derail the thread ... just want to share an ICO that is being run by a legit Wall Street (actually Reggie's office is 350 Park Avenue) entrepreneur who is taking hedge fund and banking profits that have been spent on manager and executive pay and setting it free for Veritas token holders ... we are talking about a $1.635 Quadrillion market worldwide ... then Reggie will develop the Insurance, Healthcare, and Real Estate DAO's to do the same: take out the third party trust middleman at a much cheaper price and no third party failure risk with P2P smart contracts built out on the Ethereum network ... this will be ubiquitous and will be a part of almost every transaction in the coming years ... any kind of transaction you can imagine that involves value exchange between parties that don't 100% trust each other (this is ALL exchanges of value and why drug dealing is so dangerous: you can't trust anyone) Veritasium smart contracts are there ... millions of exchanges EVERY DAY ... Reggie has the patents in the pipeline applied for before anyone (including the big banks and hedge funds) in 2014

https://blog.veritaseum.com/buy-veritas-tokens


https://docs.google.com/presentation/d/1FMyNvogofqojqG6nkIjgvvjAnsWs1qOtKUFExvtp_m0/pub?start=false&loop=false&delayms=3000&slide=id.g203416fede_0_203

[prabakharras]

Ripple may have value because of status quo, it is the closest form to payment gateway that is centralized. So maybe there is short term utility there
BTC ETH decentralization will yield value in a different manner

[f0rmdeep]

many well known trolls. So well known that now they are talking to themselves ! LMAO

as for others, please go to authentic sites, company sources, reports and do your research. Ripple is like Google for fintech, same as google was in the 90's.

Oh between google is one of the investors in ripple and Ripple RCL is not centralized... just because the many trolls  here say so !


just to be clear, i don't mean everybody, but just many on this thread are well known trolls. just check their previous posts which are all ripple negative and propaganda campaign like. Do your research. stay safe

[leopard2]

"Google the data hydra" is involved? How reassuring!

Perhaps you can get facebook and paypal involved too, then it will be even more attractive LOL  

[ApexEvo]

The recent spike in Ripple's price made it surpass ETH for good

I really doubt it will be "for good". Ripple is yet to be adopted as a currency in order for it to keep its place in the top and well there's one place where it's centralization will never be welcome and that's deepweb. At the same time ETH is already being accepted as payment there.

[vsyc]

The recent spike in Ripple's price made it surpass ETH for good

I really doubt it will be "for good". Ripple is yet to be adopted as a currency in order for it to keep its place in the top and well there's one place where it's centralization will never be welcome and that's deepweb. At the same time ETH is already being accepted as payment there.

Go educate yourself on XRP and latest news. And, yes, its already in top! And deepweb is a myth, just for government to know on how sick society is.

[B1tUnl0ck3r]

This is how it works. XRP is created like Zimbabwe dollar but without paper. The reason why this can happen is that XRP cannot be used in real economy, it can not even be sold in significant amounts.

If only 0.1% of XRP would flow out of the bubble into real assets like ETH, BTC, USD... then the price and market cap of XRP would go near zero.

Of course, market cap of XRP must be the highest because it is not a cryptocurrency, it can be created in fantastic amounts and the equation

(XRP polo price) * (fantastic number) >> (BTC price) * (21 million)

will always be true. As long as there is one party (Ripple labs) they can "promise" or "claim" what they want; they can change their opinion every day. No miners, no users, no consensus, just a few guys in an office.  

it's so easy to understand... thank you for sharing it.

[alani123]

The recent spike in Ripple's price made it surpass ETH for good

I really doubt it will be "for good". Ripple is yet to be adopted as a currency in order for it to keep its place in the top and well there's one place where it's centralization will never be welcome and that's deepweb. At the same time ETH is already being accepted as payment there.

Go educate yourself on XRP and latest news. And, yes, its already in top! And deepweb is a myth, just for government to know on how sick society is.

I don't think that XRP is set to surpass BTC any time soon but the recent news sure pushed for a bullish price rise. I'd argue that deepweb is very real though. Many parts of it reflect criminality in the real world and sadly or not, a large portion of bitcoin's daily transactions are attributed to it.

[g___]

It is not decentralized.

neither is bitcoin