dilemna with ripple - i just don't get it

[digitalindustry]

It uses a simplified semi-complex system, of leverage rationed partial non interest bearing upscale investment vectors.

Its really quite simple;

if i had to simplify it , I’d break it down like this :

[digitalindustry]

hope that helps ! - its always easier when you visualize it , that's what i find anyway .

[bitwhizz]

EUREKA, OF COURSE!

HAHA

[ondratra]

Ripple:
  pre mined
  closed source
  centralized
  massive supply
  complicated to use
  hardly functional!


BUY BUY BUY

the most offensive quote from ripple is imho "open-source project" It is first open-source without published source :D lol and shame on them

[bitwhizz]

There isn't a fixed value for XRP because it will price itself at a rate high enough to support it's ability to handle ripples transaction capacity.  Its value is derived from the value of the other IOU's stored and traded within the ripple platform.  Outside of ripple it has much less value since it requires trust in the ripple system, which one would not likely be extending if they were not actively using ripple for its intended purpose.  Within the ripple system it's extremely versatile though.

i'm pretty sure ripple is exchanged on a platform which is judged by speculative value, unless your saying that the price of ripple is directly influenced by the value of other IOUS' which would mean an exchange is not even needed and ripples should only be issued by Rippe directly as ripple isn't a currency, only a service provider

anyways back to my point of the thread, why is there a speculative value on ripples when the amount of ripples is 100 billion, meaning its impossible for there to be any speculation of the real value of a ripple due to volume, therefore why is there an icnrease in price at all, unless your really telling me that loads of people are adopting ripple in their everyday life to create a threefold increase in price with a 100 billion volume, give me a break,

to be honest i'm not sure why i care so much, i just can't stand loose ends in head, and this ripple business is full of them for somehting thats meant to be hyped

[digitalindustry]

Perhaps a more simplified version ?

[Peter Lambert]

i'm either being a retard here and i'm missing something or this ripple thing is stupid
ok so
if each ripple is essentially just a transaction, why is the price so high?
there are 100 billion ripples which is basically 100 billion transactions, why do people think that this is a limited amount of ripples which will increase in value when
 liberty reserve has only done 55 million transactions in its lifespan

it doesn't make sense unless people actually think that on average the whole population of the human race will end up doing just under 20 transaction each

to invest in ripple is pretty much betting that everyone will use it, everyone

so why is the ripple price going up?

No, no, no, you don't quite get it yet. A ripple is not a transaction, a ripple is 10000 transactions.

If ripples were only ever to be used as transaction payments, then you would be correct. But they can also be used as a currency similar to bitcoins, and some people are hoping to use that similarity to make money on the chance that XRP prices go up, so the speculators have inflated a huge bubble.

[bitwhizz]

i'm either being a retard here and i'm missing something or this ripple thing is stupid
ok so
if each ripple is essentially just a transaction, why is the price so high?
there are 100 billion ripples which is basically 100 billion transactions, why do people think that this is a limited amount of ripples which will increase in value when
 liberty reserve has only done 55 million transactions in its lifespan

it doesn't make sense unless people actually think that on average the whole population of the human race will end up doing just under 20 transaction each

to invest in ripple is pretty much betting that everyone will use it, everyone

so why is the ripple price going up?

But they can also be used as a currency similar to bitcoins, and some people are hoping to use that similarity to make money on the chance that XRP prices go up, so the speculators have inflated a huge bubble.

ok
1 - why would ripple want to associate themselves as a currency? they will be shut down in a heart beat
2- so people think that ripple will blow up enough for 100 billion ripples to become a scarcity, and each ripples does 1000 transaction, ok

i seriously give up on this

[RationalSpeculator]

i seriously give up on this

I also gave up. People get to waste only so much time of me.

I think Ripple definitely succeeded in getting loads of attention from the bitcoin community, got to give em that.

[Peter Lambert]

But they can also be used as a currency similar to bitcoins, and some people are hoping to use that similarity to make money on the chance that XRP prices go up, so the speculators have inflated a huge bubble.

ok
1 - why would ripple want to associate themselves as a currency? they will be shut down in a heart beat
2- so people think that ripple will blow up enough to fulfill 100 billion ripples, and each ripples does 1000 transaction, ok

i seriously give up on this

1 - They are making the currency because they think it solves some problems in the ripple system. Their goal is to have many people running the servers so the network will not be subject to government shutdown (sort of like how bitcoin is not afraid of government shutdown).

2 - people are not speculating that the ripple network will be used for 10 quadrillion transactions, they are speculating that the ripples they get will be sellable for more money than they bought them for. The destruction of a very small quantity of ripples over a person's lifetime has less to do with their exuberance than the fact that the total supply is finite (kind of like how people say "there will only ever be 21M bitcoins, therefore bitcoins are deflationary"). What people who are speculating like this are not taking into account is that OpenCoin holds billions of ripples, and anytime they want they can release them and push down the price.

It is kind of like how everybody "knows" Satoshi is sitting on like a million bitcoins, and anytime he wants he could flood the market and drop the price. But even if Satoshi does still control all those bitcoins (if he has not lost the private keys for all of them) that is only 10% of the total currency, and once he did it the market would absorb those and just keep going. But Ripples, on the other hand, nobody knows how many have actually been given out and how many the creators are still holding. There is some amount floating around right now, and they are going for about 0.125 mB, OpenCoin could dump enough to double that float, and then double it again, and then double it again, and then double it again, each time crashing the market price of ripples. So, in my opinion, investing in ripples is extremely risky, even more risky than bitcoins.

Hope that helped.

[bitwhizz]

thanks for that peter

i won't be investing