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Author Topic: Ripple XRP surge open source and ZipZap news!  (Read 27877 times)
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September 15, 2013, 05:43:01 PM
Last edit: September 30, 2013, 07:03:16 AM by clipcoins
 #1

I'm surprised people aren't talking about this more, but OpenCoin's Patrick Griffin (EVP Biz Dev) just announced it a NYC bitcoin presentation a few days ago....that Ripple will be open source on Sept 26 (or end of the month at the latest)

Here is the Youtube vid...it is in the first one minute or so when he says it, so you don't have to watch for long:

https://www.youtube.com/watch?v=z71NwcHWBBg&t=1626

I noticed some big buys of XRP last night, so I think people are loading up for this..seems like a good buying opportunity with not much downside but a lot of upside but you be the judge.

Also announced by OpenCoin as the top story here:

https://ripple.com/

Here's an easy link to current price of XRP (in US$) -  http://rippleprice.com

UPDATE:  More positive news...likely ZipZap integration with Ripple.  http://www.thebitcointrader.com/2013/09/xrp-surges-nearly-300-in-just-over.html

http://ripplefederation.org/news/looks-like-we-might-be-getting-some-big-news-from-zipzap?xg_source=twitter

UPDATE 9/16..when I first posted this thread, ripple was at .006 USD per XRP.  Now it is at .0083, up over 43% in under two days.  

UPDATE 9/17.. Now it is at .0096, up over 60% in under three days.  

UPDATE 9/18.. Now it is at .0110, up over 83% in under four days.  

UPDATE 9/19  Still strong, holding over .01, and open source news is Front Page at coindesk.com:.

UPDATE 9/26  Open source announced as expected and up to .0132, up 120% from when this thread was first posted about 10 days ago.  

UPDATE 9/30 Finally pulling back hard now..could be because the client software is an utter and total trainwreck and many people cannot even login.

http://www.coindesk.com/ripple-plan-make-software-open-source-september-26/

XRP is moving on major news, and still moving upwards.  It doesn't seem to want to pull back...more buyers coming in.

All-time high for XRP was about .021 several weeks ago.  So it is still only half of that and has more room to go and not even be at record high.

AmazonStuff posted this later on in this thread and he makes some great points:

"Four events that make me feel that Ripple XRP will skyrocket in October

1. September 10

"Open-sourcing Ripple" Announcement
Everybody has already seen and heard that Patrick Griffin, Head of Business Development, OpenCoin Inc. in this video https://www.youtube.com/watch?v=z71NwcHWBBg&t=1626 (watch the next 20 seconds) made the big announcement about Ripple going to be open-sourced by the end of September (probably on September 26).

2. September 26

"Official" announcement
Many Bitcoiners are sceptical about this video and they want "official" announcement on Ripple Blog, it's probably a question of time when this is going to happen, probably it will be announced on the day when Ripple is actually open-sourced.

3. September 30

Bitstamp only for verified members
I believe that many Bitstamp members who are concerned about their privacy will transfer their funds to Ripple network, Bitstamp is already connected to Ripple and it's a matter of seconds to transfer funds from Bitstamp to Ripple.

4. October 6-10

Ripple at Money2020
Probably the first time many big players in the financial, banking and payments industry will learn about Ripple.  Partnership with ZipZap expected to be announced.  (Big!)

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September 15, 2013, 05:53:17 PM
 #2

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?

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September 15, 2013, 06:39:58 PM
 #3

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?


http://www.newfination.com/2013/08/01/the-ripple-network-review-what-is-ripple/4103/

XRP is down about 70% from its highs, which is why I think it should really surge on this news once more people find out about it.

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September 15, 2013, 06:44:08 PM
 #4

So what does the Ripple System improve?

I tried to find something but I just cant see anything
valuable in the Ripple...
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September 15, 2013, 06:54:33 PM
 #5

So what does the Ripple System improve?

I tried to find something but I just cant see anything
valuable in the Ripple...

I just re-visted ripple after a few months away from it because my head was hurting from it. After further figuring it out it sort of like extending credit to strangers but to start you have to establish a line of credit with someone you trust so you both bare the responsibility for any defaults on loans. Not sure this is a good idea yet.

edit: after visiting my account I sold 0.03 BTC for 300 xp's to someone lol...had no idea or don't remember.


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September 15, 2013, 06:58:47 PM
 #6

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?


http://www.newfination.com/2013/08/01/the-ripple-network-review-what-is-ripple/4103/

XRP is down about 70% from its highs, which is why I think it should really surge on this news once more people find out about it.

It won't surge.  OpenCoin owns billions of XRP from the premine.

https://www.bitcoin.org/bitcoin.pdf
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September 15, 2013, 07:01:34 PM
 #7

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?


http://www.newfination.com/2013/08/01/the-ripple-network-review-what-is-ripple/4103/

XRP is down about 70% from its highs, which is why I think it should really surge on this news once more people find out about it.

It won't surge.  OpenCoin owns billions of XRP from the premine.

100 Billion to be excate.


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September 15, 2013, 07:08:19 PM
 #8

Interesting, who forced them to release the sources?
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September 15, 2013, 07:10:38 PM
 #9

It won't surge.  OpenCoin owns billions of XRP from the premine.

100 Billion to be excate.

XRP are largely irrelevant... spam prevention.

Ripple is a decentralized debt tracker.

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September 15, 2013, 07:11:16 PM
 #10

ripple.    *** yawn ***

Psst!!  Wanna make bitcoin unstoppable? Why the Only Real Way to Buy Bitcoins Is on the Streets. Avoid banks and centralized exchanges.   Buy/Sell coins locally.  Meet other bitcoiners and develop your network.   Try localbitcoins.com or find or start a buttonwood / satoshi square in your area.  Pass it on!
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September 15, 2013, 07:13:46 PM
 #11

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?

With XRP, the order book is built into the protocol. With bitcoin, each exchange maintains its own proprietary/closed, centralized order book. XRP "federates" the exchanges into ripple "gateways". Gateway deposits become ripple IOUs, and they get traded for XRP in a global decentralized ledger of bid/ask offers.

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September 15, 2013, 08:27:44 PM
 #12

Anyone know if you can do a chargeback on ripple? meaning I just sold 0.03 btc for USD on ripple what happens next?


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September 15, 2013, 08:32:09 PM
 #13


It won't surge.  OpenCoin owns billions of XRP from the premine.

So is that why it surged 2000% at one point?

ripple.    *** yawn ***

Yeah making 20x return on your money is so boring... * yawn *

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September 15, 2013, 08:36:27 PM
 #14


It won't surge.  OpenCoin owns billions of XRP from the premine.

So is that why it surged 2000% at one point?

ripple.    *** yawn ***

Yeah making 20x return on your money is so boring... * yawn *

Hello,  I don't discount ripple its just pretty complex. When you say "surge" what are you talking about ?


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September 15, 2013, 08:38:24 PM
 #15


It won't surge.  OpenCoin owns billions of XRP from the premine.

So is that why it surged 2000% at one point?

ripple.    *** yawn ***

Yeah making 20x return on your money is so boring... * yawn *

Hello,  I don't discount ripple its just pretty complex. When you say "surge" what are you talking about ?

"Surge" would be the XRP price moving up 25% or more in a relatively short period of time.

XRP has shot up on Opencoin news a few times before.  Things have been quiet and this is big news and a catalyst to move it higher.  I'm not debating the merits of the protocol, just saying it is significant news for XRP and crypto community as a whole.

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September 15, 2013, 08:42:46 PM
 #16

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?


http://www.newfination.com/2013/08/01/the-ripple-network-review-what-is-ripple/4103/

XRP is down about 70% from its highs, which is why I think it should really surge on this news once more people find out about it.

It won't surge.  OpenCoin owns billions of XRP from the premine.

There is no volume.

It's like $20K/day... down from $100K/day 3 months ago.

Anybody can push this market around at will...
OpenCoin doesn't have the foggiest idea how to manage a currency.

And Griffin's comment was "our technology" will be open sourced...
With no confirmation from the mutes at OpenCoin...
So this basically means nothing.

OpenCoin is completely dysfunctinal...
That's why they are going to Vegas...
Maybe Ripple will stay in Vegas.
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September 15, 2013, 08:45:11 PM
 #17


It won't surge.  OpenCoin owns billions of XRP from the premine.

So is that why it surged 2000% at one point?

ripple.    *** yawn ***

Yeah making 20x return on your money is so boring... * yawn *

Hello,  I don't discount ripple its just pretty complex. When you say "surge" what are you talking about ?

"Surge" would be the XRP price moving up 25% or more in a relatively short period of time.

XRP has shot up on Opencoin news a few times before.  Things have been quiet and this is big news and a catalyst to move it higher.  I'm not debating the merits of the protocol, just saying it is significant news for XRP and crypto community as a whole.

Oh there is an actual price for xrp ? how can that be with there is 100 billion of them? where can I see the price?


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September 15, 2013, 08:46:53 PM
 #18

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?


http://www.newfination.com/2013/08/01/the-ripple-network-review-what-is-ripple/4103/

XRP is down about 70% from its highs, which is why I think it should really surge on this news once more people find out about it.

It won't surge.  OpenCoin owns billions of XRP from the premine.

There is no volume.

It's like $20K/day... down from $100K/day 3 months ago.

Anybody can push this market around at will...
OpenCoin doesn't have the foggiest idea how to manage a currency.

And Griffin's comment was "our technology" will be open sourced...
With no confirmation from the mutes at OpenCoin...
So this basically means nothing.

OpenCoin is completely dysfunctinal...
That's why they are going to Vegas...
Maybe Ripple will stay in Vegas.

Yes exactly...volume has dried up lately so any significant buying interest will push it up.  And there was some big buys last night.

And Griffin is OpenCoin..he's a VP there.  

It's up to you whether Ripple going open source means nothing to you, but time will tell if it means much to the other buyers/traders/speculators out there.  

It is just very low risk and high potential reward at the moment, which is why I bought some last night.

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September 15, 2013, 08:48:22 PM
 #19


It won't surge.  OpenCoin owns billions of XRP from the premine.

So is that why it surged 2000% at one point?

ripple.    *** yawn ***

Yeah making 20x return on your money is so boring... * yawn *

Hello,  I don't discount ripple its just pretty complex. When you say "surge" what are you talking about ?

"Surge" would be the XRP price moving up 25% or more in a relatively short period of time.

XRP has shot up on Opencoin news a few times before.  Things have been quiet and this is big news and a catalyst to move it higher.  I'm not debating the merits of the protocol, just saying it is significant news for XRP and crypto community as a whole.

Oh there is an actual price for xrp ? how can that be with there is 100 billion of them? where can I see the price?

The price is determined by supply and demand.  Right now one 22000 XRP is worth about 1 bitcoin...and 1 XRP is worth about .006 USD.   

The high a couple of months ago was 3x this amount, so plenty of room to run and not even break the highs.  Judge yourself if what I'm saying makes sense.

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September 15, 2013, 08:49:36 PM
 #20

Quote

The price is determined by supply and demand.  Right now one 22000 XRP is worth about 1 bitcoin...and 1 XRP is worth about .006 USD.   

The high a couple of months ago was 3x this amount, so plenty of room to run and not even break the highs.  Judge yourself if what I'm saying makes sense.

Oh I see ok that make sense pretty cool.


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September 15, 2013, 08:53:48 PM
 #21

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?


http://www.newfination.com/2013/08/01/the-ripple-network-review-what-is-ripple/4103/

XRP is down about 70% from its highs, which is why I think it should really surge on this news once more people find out about it.

It won't surge.  OpenCoin owns billions of XRP from the premine.

There is no volume.

It's like $20K/day... down from $100K/day 3 months ago.

Anybody can push this market around at will...
OpenCoin doesn't have the foggiest idea how to manage a currency.

And Griffin's comment was "our technology" will be open sourced...
With no confirmation from the mutes at OpenCoin...
So this basically means nothing.

OpenCoin is completely dysfunctinal...
That's why they are going to Vegas...
Maybe Ripple will stay in Vegas.

Yes exactly...volume has dried up lately so any significant buying interest will push it up.  And there was some big buys last night.

And Griffin is OpenCoin..he's a VP there.  

It's up to you whether Ripple going open source means nothing to you, but time will tell if it means much to the other buyers/traders/speculators out there.  

It is just very low risk and high potential reward at the moment, which is why I bought some last night.

Actually, I like your bet on Ripple. Good luck with that.

Personally, I make 500 trades/day on the NYSE...
And do not trust the Ripple network for more than a few $1000...
And am basically sick and tired of the whole Ripple saga.
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September 15, 2013, 08:58:21 PM
 #22

Thanks for making us aware of this.  I have been buying and selling Ripple for months on this site and in the ripple client, and I miss trading it.  It died out a bit but this does seem like a good bet to take. I will buy some today.  It looks like the price is already creeping up a bit and this news has not spread very far yet.

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September 15, 2013, 08:59:15 PM
 #23

Thanks for making us aware of this.  I have been buying and selling Ripple for months on this site and in the ripple client, and I miss trading it.  It died out a bit but this does seem like a good bet to take. I will buy some today.  It looks like the price is already creeping up a bit and this news has not spread very far yet.



where do you sell ripple?


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September 15, 2013, 08:59:48 PM
 #24

Oh there is an actual price for xrp ? how can that be with there is 100 billion of them? where can I see the price?

www.rippleprice.com to check the price quickly, with USD as the quote currency (eg $0.006 dollars per ripple).

In most other places, eg http://xrp.webr3.org/usd-xrp you'll see the price quoted with XRP as the quote currency (165 ripples per dollar. 1/165 = $0.006 dollars per ripple)

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September 15, 2013, 09:04:57 PM
 #25

Oh there is an actual price for xrp ? how can that be with there is 100 billion of them? where can I see the price?

www.rippleprice.com to check the price quickly, with USD as the quote currency (eg $0.006 dollars per ripple).

In most other places, eg http://xrp.webr3.org/usd-xrp you'll see the price quoted with XRP as the quote currency (165 ripples per dollar. 1/165 = $0.006 dollars per ripple)

Thanks this is what I was wondering! Thank you!


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September 15, 2013, 09:07:40 PM
Last edit: September 15, 2013, 09:26:01 PM by tclo
 #26

Thanks for making us aware of this.  I have been buying and selling Ripple for months on this site and in the ripple client, and I miss trading it.  It died out a bit but this does seem like a good bet to take. I will buy some today.  It looks like the price is already creeping up a bit and this news has not spread very far yet.



where do you sell ripple?

I usually have a thread posted in the alt currencies forum.  I buy it, more than sell it on here.

https://bitcointalk.org/index.php?topic=190456.0
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September 15, 2013, 09:08:51 PM
 #27

Oh there is an actual price for xrp ? how can that be with there is 100 billion of them? where can I see the price?

www.rippleprice.com to check the price quickly, with USD as the quote currency (eg $0.006 dollars per ripple).


Yes the all time high was about .021 dollars per ripple.

So that is 250% increase over where it is now, and plenty of room to run.

It just needs a catalyst to shoot it back up, and this very well may be it.

The last time they did a giveaway, it shot the price up 30% in one day.
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September 15, 2013, 09:14:00 PM
 #28

It won't surge.  OpenCoin owns billions of XRP from the premine.

100 Billion to be excate.

XRP are largely irrelevant... spam prevention.

Ripple is a decentralized debt tracker.


Ya, I hear you on that. I found it funny the company's name is OpenCoin yet they are just getting to open sourcing it haha


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September 15, 2013, 09:27:08 PM
 #29

It won't surge.  OpenCoin owns billions of XRP from the premine.

100 Billion to be excate.

XRP are largely irrelevant... spam prevention.

Ripple is a decentralized debt tracker.


Ya, I hear you on that. I found it funny the company's name is OpenCoin yet they are just getting to open sourcing it haha

Yeah they aren't very organized and have made all kinds of strategic errors along the way.

I am not a Ripple cheerleader but I am still a fan of XRP because I have made some profits on it and it's an interesting trading vehicle.

The ripple client is actually pretty cool once they get it running well.
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September 15, 2013, 09:35:44 PM
 #30

It won't surge.  OpenCoin owns billions of XRP from the premine.

100 Billion to be excate.

XRP are largely irrelevant... spam prevention.

Ripple is a decentralized debt tracker.


Ya, I hear you on that. I found it funny the company's name is OpenCoin yet they are just getting to open sourcing it haha

Yeah they aren't very organized and have made all kinds of strategic errors along the way.

I am not a Ripple cheerleader but I am still a fan of XRP because I have made some profits on it and it's an interesting trading vehicle.

The ripple client is actually pretty cool once they get it running well.

Yes, I see you've been snatching them up  Wink  I'm assuming you can't disclose how many xrp's you have?  Sent you a PM  Wink


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September 15, 2013, 09:44:53 PM
 #31

It won't surge.  OpenCoin owns billions of XRP from the premine.

100 Billion to be excate.

XRP are largely irrelevant... spam prevention.

Ripple is a decentralized debt tracker.


Ya, I hear you on that. I found it funny the company's name is OpenCoin yet they are just getting to open sourcing it haha

Yeah they aren't very organized and have made all kinds of strategic errors along the way.

I am not a Ripple cheerleader but I am still a fan of XRP because I have made some profits on it and it's an interesting trading vehicle.

The ripple client is actually pretty cool once they get it running well.

Yes, I see you've been snatching them up  Wink  I'm assuming you can't disclose how many xrp's you have?  Sent you a PM  Wink

Well I have bought and sold a bunch of them over time.  I don't have a huge position in them at the moment but going to slowly accumulate as it rises on the news.
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September 15, 2013, 11:22:05 PM
 #32

And Griffin's comment was "our technology" will be open sourced...
With no confirmation from the mutes at OpenCoin...

How about the top item at https://www.ripple.com:

Quote
September 12, 2013
New Team Members Join as Ripple Approaches Open-Source

We’re growing our team to accelerate progress on the Ripple Network. Our biggest focus right now is open-sourcing the code, and that milestone is just around the bend! To keep pace with the fast-moving work, we’ve welcomed four new members to the team.

So an encouraging official statement, though not yet confirmation of Sept. 26.  That might require a title more like "New Hires to Work Miracles in 14 Days".

Presumably releasing the code does not equate to sharing control of the network yet.  I hope the protocols are strong and no major vulnerabilities are found by the wrong parties.

They should keep the security bug bounty in force for a good while as a hedge against that.
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September 15, 2013, 11:23:21 PM
 #33

Thanks for making us aware of this.  I have been buying and selling Ripple for months on this site and in the ripple client, and I miss trading it.  It died out a bit but this does seem like a good bet to take. I will buy some today.  It looks like the price is already creeping up a bit and this news has not spread very far yet.

where do you sell ripple?

The only reasonably tight market is thru the Ripple client.

You log into your Ripple wallet...
(Assuming you already loaded some BTC via Bitstamp)...
Then go to Advanced/Trade/Select "BTC/XRP"/Select Issuer "Bitstamp"/Click on Order Book...

Bitstamp Market looks like this Sunday Night Sept 15th (click on it to enlarge):



Then there is also the USD/XRP market.

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September 15, 2013, 11:27:18 PM
 #34

How about the top item at https://www.ripple.com:

September 12, 2013
New Team Members Join as Ripple Approaches Open-Source

Aha, good catch....so it is even more official now and this news should spread in the next few days. Watch the ripple client and if you see it start to edge up, then jump on quickly.
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September 15, 2013, 11:40:39 PM
Last edit: September 16, 2013, 08:06:22 PM by coinage
 #35

"BTC/XRP" ... Order Book [for] Bitstamp ... looks like this Sunday Night Sept 15th (click on it to enlarge):



Then there is also the USD/XRP market.

And BTC/USD etc.  Surprisingly this is handled separately from BTC/XRP and XRP/USD.  (There are no automated 2-step trades.)  So BTC/USD has very low volume but is sometimes superior pricewise.

Have you discovered how to get the Bid & Ask tables side by side every time, as shown in your image above?  Most of my browsers & screen resolutions & zooming factors place the Asks below the Bids, which is tedious.  If not, I'll have a look at the HTML.

[Edit: I have found a temporary workaround for this glitch (tested so far in Chromium): instead of a full-screen or maximized window, slightly reduce the browser window's width.  Try a range of sizes.  On Linux, you can also make the window wider than the screen.  Either way, the Asks now appear properly to the right of the Bids, until the window is maximized again.]
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September 16, 2013, 12:29:53 AM
 #36

And BTC/USD etc.  Surprisingly this is handled separately from BTC/XRP and XRP/USD.  (There are no automated 2-step trades.)  So BTC/USD has very low volume but is sometimes superior pricewise.

Not quite true. I'm pretty sure the BTC/USD order book is "synthesized" by combining the BTC/XRP and USD/XRP order books.

Currency conversion in ripple is automated. It's called "path finding", and it finds the cheapest "route" through the order books. This happens when you send someone a payment and they've chosen to receive a different currency/IOU than what you are holding.

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September 16, 2013, 12:31:23 AM
 #37

My favorite place for price checking is here:

https://ripplecharts.com/
I especially like the ability to flip the chart, more charts should do that.

Might be time to grab a few more if this rumor is true.

It would be great to see "OpenCoin" actually living up to their name and their promises.

Please add more BTC here (my son will apprecciate it when he's older): 14WsxbeRcgsSYZyNSRJqEAmB1MKAzHhsCT
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 #38

Yeah, be sure you are ready to read this.

Hope big promotion for XRP

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September 16, 2013, 07:20:34 AM
Last edit: September 16, 2013, 07:03:17 PM by coinage
 #39

Surprisingly [BTC/USD] is handled separately from BTC/XRP and XRP/USD.  (There are no automated 2-step trades.)  So BTC/USD has very low volume but is sometimes superior pricewise.
Not quite true. I'm pretty sure the BTC/USD order book is "synthesized" by combining the BTC/XRP and USD/XRP order books.

Currency conversion in ripple is automated. It's called "path finding", and it finds the cheapest "route" through the order books. This happens when you send someone a payment and they've chosen to receive a different currency/IOU than what you are holding.

I wish this were the case for trading, but it's not (and might not be feasible).  The BTC/USD orders do not seem at all "synthesized".

Pathfinding is Ripple's beautiful way to send value to someone else, if there's any trust path between you.  But it seems unused when you trade a currency for another one (keeping it yourself) using the interface at "Advanced > Trade".

Evidence:
    There are often small spreads on BTC/XRP, and on XRP/USD, yet a much larger spread on BTC/USD (or vice versa)!

    And, the order books tend to be vastly longer for the XRP-linked pairs than for BTC/USD.

Arbitrage can improve the BTC/USD pair, but so far there's very little volume there.  Traders on Ripple should be using it routinely to save half the transfer fees compared with doing the same trade in two steps.

Let's hope more Bitcoin traders realize Ripple is an alternate Bitstamp interface, and then some!

______________________________________

Are "synthesized" order books possible?

    I can imagine a procedure to match up partial orders between BTC/XRP and XRP/USD and add synthesized results to the BTC/USD book.  It would make that order book much longer than it is now.  Probably all the generated orders would change very often, which is also not seen at the exchange.  (Changing one order could affect a great many others.)

    As for the reverse, there may be no workable way to "split" the BTC/USD book and show those results in the two XRP-based order books.  The valuations would be arbitrary.  Think it through and you may agree.

Can't wait to see the source code though.
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September 16, 2013, 08:55:02 AM
 #40

The real question is will Ripple be able to work in a fully decentralized way?

XRP is still going to be worthless - as it should be - by the way.

You're counting on rationality of market participants. Count again.

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September 16, 2013, 09:08:54 AM
 #41

If you don't have XRP, you're about to miss the gravy train.  Especially at these prices.  Grin We sat at the 6000k-8000k range for months.  Open source news may well push this under 1k. 

Aside from price speculation, this is great news as open source is the number one complaint against Ripple.  This will drive a stake right through the heart of the Ripple haters who have claimed Ripple is a scam that will never be OS.  Once that's behind us, people can finally look at what genius looks like.  OpenCoin is far from a perfect company but Ripple is simply genius and an asset to the entire crypto currency world.  The future is so bright...I gotta wear  Cool


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September 16, 2013, 12:59:57 PM
 #42

Pathfinding is Ripple's beautiful way to send value to someone else, if there's any trust path between you.  But it seems unused when you trade a currency for another one.

Try holding only USD, and then send a payment to yourself, received in BTC. You should see some trading happen on the order books (the USD gets exchanged for XRP, and the XRP for BTC).

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September 16, 2013, 01:09:04 PM
 #43

Why two steps? shouldn't the USD terade directly to BTC ?

Or do they add a step deliberately to force their XRP to seem to have some value/use?

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September 16, 2013, 01:13:07 PM
 #44

Why two steps? shouldn't the USD terade directly to BTC ?

Or do they add a step deliberately to force their XRP to seem to have some value/use?
Market depth could be larger if you combine USD --> BTC and USD --> XRP --> BTC...

You can trade directly, XRP are used as intermediate only if the total trade would be cheaper. The only deliberatly forced mechanism in Ripple is that you need to have a minimum balance of XRP to use an account and to open trust lines. It does not seem like you watched the video linked in the OP.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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September 16, 2013, 01:15:52 PM
 #45

I normally do not even try to watch videos, too many end up wanting me to use flash, which I do not use.

I even tried installing gnash a while back, but that left a litter of processes lying around so I got rid of it.

I prefer writing anyway, it is more random-access and read-at-your-own-pace, video tends to be sit around waiting for the slowest common denominator to get it through his head, so ends up wasting too much time.

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September 16, 2013, 03:17:52 PM
 #46

Yet you couldn't name even one.   Grin. Like it or not, Ripple is here to stay and is good for digital currencies.  Of course one would have to actually understand Ripple is not a currency, before one could actually grasp why Ripple is a benefit to all crypto.

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September 16, 2013, 03:23:31 PM
 #47

Closed-source, centralized and 100% premined is shit no matter what you do with it later. There are already so much better alternatives.

There is no "mining", because there's no proof-of-work. Using "consensus" instead of proof-of-work is what enables new ledgers (analogous to blocks) every 5-10 seconds.

Mining rewards give the incentive to process bitcoin (and other alt-chain) transactions. That has led to plentiful bitcoin nodes and hash power. But it has left a network of exchanges which is lacking, "balkanized", and expensive. (the spread between bitstamp and mtgox is a consequence of this).

With ripple, it is OpenCoin giveaways which provide the incentive to become a gateway (as opposed to mining rewards to become a miner). And the infrastructure which XRP provides (order books built into the protocol) makes it easy for anyone to provide exchange liquidity (cheaper fees/smaller spreads should be the consequence).

XRP acts like the grease-and-gears for exchanging bitcoin (think of it as the dollar for trading the gold).

I won't argue that its a shining light of egalitarianism, but certainly moreso than the conventional bitcoin exchange (and its more transparent to boot. IOU deposits aka "gateway capitalization" are public in-the-ledger knowledge, currently standing at $284k USD and 2,250 BTC).

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September 16, 2013, 03:43:58 PM
 #48

It is pointless to debate about big picture with ones who are after profit and profit only because you are oblivious on all important matters.

I assume that either means you have no talking points left and/or your "Bitcoin Megastore" is actually a non-profit, charitable organization.    Roll Eyes. BTW-Ripple would allow customers from all over the world to buy goods from you with any currency, while you continue to receive payment in BTC or any other currency you choose.  When you stop thinking of Ripple as a competitor to Bitcoin, you'll actually see the benefits of the P2P payment network, that is Ripple.

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September 16, 2013, 04:02:41 PM
 #49

XRP is up about 30% in the 24hrs since I posted this thread.   

Easy money for those who paid attention and were irrationally skeptical.

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September 16, 2013, 04:19:33 PM
 #50

Closed-source, centralized and 100% premined is shit no matter what you do with it later. There are already so much better alternatives.
I won't argue that its a shining light of egalitarianism, but certainly moreso than the conventional bitcoin exchange (and its more transparent to boot. IOU deposits aka "gateway capitalization" are public in-the-ledger knowledge, currently standing at $284k USD and 2,250 BTC).

Where can you see this?

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September 16, 2013, 04:24:30 PM
 #51

XRP is up about 30% in the 24hrs since I posted this thread.

The best part is even if we only settled back to where we were, 5000-8000/BTC, there's still time to triple ones money buying in now.  However, I think open source very well may drive this below 1k/BTC.  Now that's some serious profit.   Grin

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September 16, 2013, 04:24:54 PM
 #52

http://www.rippleprice.com/

Going to start a price watch here.

When I first posted this thread, this was at .0060.

Now it is at .0080, so that is solid 33% gain.  

I bet we see solid 100% before the run is over.  Sept 26 is still days away and Ripple was at .02 several weeks ago.  So that would be over 300% gain and don't be surprised if it does that. I'm looking for just 100% though.

It's still not too late to jump on, so check it out.

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September 16, 2013, 04:31:52 PM
 #53

Bitcoin and Ripple are totally complementary tools, because Ripple seals the biggest hole in the Bitcoin and that is exchange. Any crypto-currency is nothing without exchange, bitcoin currently uses websites for this purpose which makes him vulnerable, because any exchange website could be shut down by some government if bitcoin becomes considered as illegal. Also, by exchanging currency on this kind of websites you become a subject to tax regulations (you know all those "AML verifications" that are popping around on exchange websites) and someone could knock on your door and say you are a money launderer.

By joining Bitcoin with Ripple, you will able to exchange Bitcoins in Ripple P2P network.

Open-sourcing Ripple means that in the future, every user will have a copy of rippled server one-click installation (similar to WAMP, MAMP, LAMP, XAMPP...) at his home, just as everyone has Bitcoin client in these days, and will be contributing to the P2P Ripple network that will be bullet-proof just as torrent p2p network.

It's totally impossible to love Bitcoin and hate Ripple or vice versa, because they are probably the work of the same man or the same group of people. It's just the natural evolution in the crypto-currency world.
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September 16, 2013, 04:32:31 PM
 #54

Closed-source, centralized and 100% premined is shit no matter what you do with it later. There are already so much better alternatives.
I won't argue that its a shining light of egalitarianism, but certainly moreso than the conventional bitcoin exchange (and its more transparent to boot. IOU deposits aka "gateway capitalization" are public in-the-ledger knowledge, currently standing at $284k USD and 2,250 BTC).

Where can you see this?

The gateway cap isn't charted anywhere (yet). But in IRC, ripplebot gives an update whenever it changes. You can use the web IRC client http://webchat.freenode.net/ and join the channel #ripple-market to see them (gateway cap updates are the "CAP" messages).

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September 16, 2013, 04:45:23 PM
 #55

XRP is up about 30% in the 24hrs since I posted this thread.

The best part is even if we only settled back to where we were, 5000-8000/BTC, there's still time to triple ones money buying in now.  However, I think open source very well may drive this below 1k/BTC.  Now that's some serious profit.   Grin

Yes exactly...could easily double from where I first posted it at .006.  Even going to .012 would still be about 30% below all time XRP highs several weeks ago.

Don't fight the momentum...just jump aboard and enjoy the ride.

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September 16, 2013, 05:52:52 PM
 #56

Yes thanks again for posting this.  Much appreciated and I'm up 25%.  I just added some more too. I agree that it has farther to run.
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September 16, 2013, 06:01:08 PM
 #57


It won't surge.  OpenCoin owns billions of XRP from the premine.

I love this quote.  I love it when people are so absolutely sure about something and course they end up being 100% wrong.  Got to love that confidence...I mean arrogance and cluelessness.

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September 16, 2013, 07:48:53 PM
 #58

so the only way for me to buy ripple with BTC is to boot into linux and build the client myself...?

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September 16, 2013, 08:46:12 PM
 #59


It won't surge.  OpenCoin owns billions of XRP from the premine.

I love this quote.  I love it when people are so absolutely sure about something and course they end up being 100% wrong.  Got to love that confidence...I mean arrogance and cluelessness.

all statements are shortsighted. people are better off making long term predictions. the chances of ripple being successful long term are small.

ok
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September 16, 2013, 09:06:18 PM
 #60

so the only way for me to buy ripple with BTC is to boot into linux and build the client myself...?

No, you can create a wallet here:

https://ripple.com/client/#/register

You'll need a Bitstamp account and about 100 XRP to initially fund your account.  You can buy 103 XRP from Bitstamp for $1.  Then within Bitstamp, go to withdrawal -> Ripple and follow the "trust this address" link.

Then in your Ripple wallet you can go to Advanced -> Trade to set Bitstamp as the issuer for XRP/BTC and you'll see the order book. 

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September 16, 2013, 09:10:41 PM
 #61


 the chances of ripple being successful long term are small.

Really?  Based on what exactly?

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September 16, 2013, 09:20:11 PM
 #62


It won't surge.  OpenCoin owns billions of XRP from the premine.

I love this quote.  I love it when people are so absolutely sure about something and course they end up being 100% wrong.  Got to love that confidence...I mean arrogance and cluelessness.

all statements are shortsighted. people are better off making long term predictions. the chances of ripple being successful long term are small.

That's a non sequitur... I never said anything about long-term success of ripple. I just said that there was a good chance the XRP price would move up sharply on this open source news.  I was hoping for 30% in a week and instead got 30% in a day.

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September 16, 2013, 09:39:05 PM
 #63

I hope that tomorrow we will hit 10 000
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September 16, 2013, 09:44:15 PM
 #64

so the only way for me to buy ripple with BTC is to boot into linux and build the client myself...?

No, you can create a wallet here:

https://ripple.com/client/#/register

You'll need a Bitstamp account and about 100 XRP to initially fund your account.  You can buy 103 XRP from Bitstamp for $1.  Then within Bitstamp, go to withdrawal -> Ripple and follow the "trust this address" link.

Then in your Ripple wallet you can go to Advanced -> Trade to set Bitstamp as the issuer for XRP/BTC and you'll see the order book. 

thanks a lot! got it now.

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September 16, 2013, 10:44:20 PM
 #65

So what happened on the 16th of August to cause such an incredible crash in price?

Synereo: liberating the Internet from abusive business models.

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September 16, 2013, 10:53:55 PM
 #66

So what happened on the 16th of August to cause such an incredible crash in price?

It was just technical pullback mainly.  It was going down and down and then accelerated and then bounced back about 75% in a couple of days.    So panic selling followed by panic buying, basically.

There was just a news vacuum for a long time which is why this news is extra significant.   P

Plus the main criticism you hear about XRP on here is that it is closed sourced, so it will be open source soon and more accepted.

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September 16, 2013, 11:00:50 PM
 #67

So what happened on the 16th of August to cause such an incredible crash in price?
It's very hard to be sure. There are three factors that are generally mentioned:

1) Loss of forward momentum: The rate at which new things were announced by OpenCoin was perceived to have decreased.

2) Large XRP sales: OpenCoin had an old commitment to pay 200 million XRP. When that commitment was honored, some of that XRP was sold with very large sell offers that filled only partially and were then removed. Some were concerned that this large movement of XRP may have reflected a theft or the beginning of a pattern.

3) Price momentum: If the price of XRP is dropping, people want to wait to the bottom before they buy. And some people may decide to sell and buy back at the bottom.

But this is all really speculation.

I am an employee of Ripple. Follow me on Twitter @JoelKatz
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September 16, 2013, 11:29:43 PM
 #68

Thanks for the straight up answers.

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September 17, 2013, 01:44:01 AM
 #69

so the only way for me to buy ripple with BTC is to boot into linux and build the client myself...?

No, you can create a wallet here:

https://ripple.com/client/#/register

You'll need a Bitstamp account and about 100 XRP to initially fund your account.  You can buy 103 XRP from Bitstamp for $1.  Then within Bitstamp, go to withdrawal -> Ripple and follow the "trust this address" link.

Then in your Ripple wallet you can go to Advanced -> Trade to set Bitstamp as the issuer for XRP/BTC and you'll see the order book. 

thanks a lot! got it now.

Anytime, glad I could help.   Wink

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September 17, 2013, 03:58:17 AM
 #70

So what happened on the 16th of August to cause such an incredible crash in price?
It's very hard to be sure. There are three factors that are generally mentioned:

1) Loss of forward momentum: The rate at which new things were announced by OpenCoin was perceived to have decreased.

2) Large XRP sales: OpenCoin had an old commitment to pay 200 million XRP. When that commitment was honored, some of that XRP was sold with very large sell offers that filled only partially and were then removed. Some were concerned that this large movement of XRP may have reflected a theft or the beginning of a pattern.

3) Price momentum: If the price of XRP is dropping, people want to wait to the bottom before they buy. And some people may decide to sell and buy back at the bottom.

But this is all really speculation.

Why don't you tell us exactly if Ripple is being open sourced rather than side stepping the real question of this whole thread?
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September 17, 2013, 04:35:58 AM
 #71

Why don't you tell us exactly if Ripple is being open sourced rather than side stepping the real question of this whole thread?
Ripple was designed to be open sourced from the very beginning. Like Bitcoin, it makes numerous design tradeoffs to allow it to function as a decentralized system with no requirement for central authorities.

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September 17, 2013, 04:54:45 AM
 #72

Why don't you tell us exactly if Ripple is being open sourced rather than side stepping the real question of this whole thread?
Ripple was designed to be open sourced from the very beginning. Like Bitcoin, it makes numerous design tradeoffs to allow it to function as a decentralized system with no requirement for central authorities.

Yes, but will it be open source on the 26th? It sounds like this is all hype and OC just do not want to respond as they are enjoying the price rise without the backlash.
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September 17, 2013, 05:49:08 AM
 #73

Why don't you tell us exactly if Ripple is being open sourced rather than side stepping the real question of this whole thread?
Ripple was designed to be open sourced from the very beginning. Like Bitcoin, it makes numerous design tradeoffs to allow it to function as a decentralized system with no requirement for central authorities.

Yes, but will it be open source on the 26th? It sounds like this is all hype and OC just do not want to respond as they are enjoying the price rise without the backlash.

they already announced it.  What is there to "respond" to?

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September 17, 2013, 06:32:14 AM
 #74

lol at title "already up 30% and climbing"

Yet another pump, nothing to see here.

lol at you.  So you think I pumped it up 30...I mean 43%?   

Nope it was the news that shot it up and I just made people aware of the news.  Those that took advantage of that knowledge made 43% on their money in a couple of days.

You clearly did not take advantage of it...but don't worry, will be other opportunities in the future.

www.rippleprice.com

.0086.  Up 43.3% and still rising...

The numbers don't like and neither does the news.

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September 17, 2013, 06:34:18 AM
 #75

Why don't you tell us exactly if Ripple is being open sourced rather than side stepping the real question of this whole thread?
Ripple was designed to be open sourced from the very beginning. Like Bitcoin, it makes numerous design tradeoffs to allow it to function as a decentralized system with no requirement for central authorities.

Yes, but will it be open source on the 26th? It sounds like this is all hype and OC just do not want to respond as they are enjoying the price rise without the backlash.

they already announced it.  What is there to "respond" to?

Oh yeah I forgot that an OC employee or mod confirmed this on their forum/ blog... Not. You know? The blog which reports small scale news such as charity donations but fails to write about arguably the biggest announcement in Ripple history so far.

Have you not wondered why no one is yet to confirm or decline that YT video? Not even JoelKatz who will not confirm anything... Hmmm. This dump is going to be more spectacular than the failed LTC implementation on Mt Gox. People buying at these prices are going to get burned, with the hundreds of millions of new XRP in the wild (from the 200M account), don't expect the price back down to 5000: 1.

Use your head next time.
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September 17, 2013, 07:09:40 AM
 #76

Anyway, "going open source" is too vague, and the OpenCon guy here didn't respond to the actual concerns.

Right now, Ripple is 100% centralized. It's very easy to take it out. Is it going to change?

Most people are buying into the hype with little knowledge about the Ripple market or what it even is. I find it hilarious. The price is so inflated right now that it is going to burst fantastically. Don't think big BTC holders are going to be tied down into the Ripple system for years when most of them hate the bugged centralized system.

But I don't really care, everyone else is just making me filthy rich when I bought at 40,000 xrp/ 1 btc.
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September 17, 2013, 07:28:58 AM
 #77

Six events that make me feel that Ripple XRP will skyrocket in October

1. September 10

"Open-sourcing Ripple" Announcement
Everybody has already seen and heard that Patrick Griffin, Head of Business Development, OpenCoin Inc. in this video here (watch the next 20 seconds) made the big announcement about Ripple going to be open-sourced by the end of September (probably on September 26).

2. September 26

"Official" announcement
Many Bitcoiners are sceptical about this video and they want "official" announcement on Ripple Blog, it's probably a question of time when this is going to happen, probably it will be announced on the day when Ripple is actually open-sourced.

3. September 30

Bitstamp only for verified members
I believe that many Bitstamp members who are concerned about their privacy will transfer their funds to Ripple network, Bitstamp is already connected to Ripple and it's a matter of seconds to transfer funds from Bitstamp to Ripple.

4. October 6-10

Ripple at Money2020
Probably the first time many big players in the financial, banking and payments industry will learn about Ripple.

5. October 10

Ripple XRP DevCon
Co-joined event at the last day of Money2020.

6. Somewhere in October...

Bitcoin dump
Bitcoin possible dump in October, what always happens in this kind of situation is that XRP are usually going up to some extent.

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September 17, 2013, 07:44:34 AM
 #78


People are buying because they still don't understand the fundamentals.

Yes and Bitcoin went to 260 because of the "fundamentals".

You don't understand how markets work. 

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September 17, 2013, 07:47:17 AM
 #79

Six events that make me feel that Ripple XRP will skyrocket in October

1. September 10

"Open-sourcing Ripple" Announcement
Everybody has already seen and heard that Patrick Griffin, Head of Business Development, OpenCoin Inc. in this video here (watch the next 20 seconds) made the big announcement about Ripple going to be open-sourced by the end of September (probably on September 26).

2. September 26

"Official" announcement
Many Bitcoiners are sceptical about this video and they want "official" announcement on Ripple Blog, it's probably a question of time when this is going to happen, probably it will be announced on the day when Ripple is actually open-sourced.

3. September 30

Bitstamp only for verified members
I believe that many Bitstamp members who are concerned about their privacy will transfer their funds to Ripple network, Bitstamp is already connected to Ripple and it's a matter of seconds to transfer funds from Bitstamp to Ripple.

4. October 6-10

Ripple at Money2020
Probably the first time many big players in the financial, banking and payments industry will learn about Ripple.

5. October 10

Ripple XRP DevCon
Co-joined event at the last day of Money2020.

6. Somewhere in October...

Bitcoin dump
Bitcoin possible dump in October, what always happens in this kind of situation is that XRP are usually going up to some extent.



1. You saw that JoelKatz couldn't even confirm it nor any employee that I have asked. They would announce it on their blog if it was true, like I stated earlier. They announce EVERYTHING.

2. There is no announcement because it isn't true.

3. What the hell are you going on about? Bitstamp has been a gateway for ages and it is secure. Ripple in BETA is less secure and there are weekly instances of wallet hacks or general glitches which have ended in loss of income. Get your brainless facts straight.

The rest of your points are rubbish and you act as if Bitcoin has never been at financial events before. If you look at the news. People are talking about Bitcoin, not Ripple. You are delusional and probably mentally challenged. Good try, you must hold lots of XRP. Unless a HUGE flood of support comes into the Ripple ecosystem, Ripple will not reach its all time high as it is being diluted with huge XRP dumps by OC and their shady dealings. With the recent expansion of their team, more employees need to be paid which means more XRP needs to be sold. You do the maths.
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September 17, 2013, 07:47:45 AM
 #80

Six events that make me feel that Ripple XRP will skyrocket in October

1. September 10

"Open-sourcing Ripple" Announcement
Everybody has already seen and heard that Patrick Griffin, Head of Business Development, OpenCoin Inc. in this video here (watch the next 20 seconds) made the big announcement about Ripple going to be open-sourced by the end of September (probably on September 26).

2. September 26

"Official" announcement
Many Bitcoiners are sceptical about this video and they want "official" announcement on Ripple Blog, it's probably a question of time when this is going to happen, probably it will be announced on the day when Ripple is actually open-sourced.

3. September 30

Bitstamp only for verified members
I believe that many Bitstamp members who are concerned about their privacy will transfer their funds to Ripple network, Bitstamp is already connected to Ripple and it's a matter of seconds to transfer funds from Bitstamp to Ripple.

4. October 6-10

Ripple at Money2020
Probably the first time many big players in the financial, banking and payments industry will learn about Ripple.

5. October 10

Ripple XRP DevCon
Co-joined event at the last day of Money2020.

6. Somewhere in October...

Bitcoin dump
Bitcoin possible dump in October, what always happens in this kind of situation is that XRP are usually going up to some extent.



Nice summary.  I will copy and paste this in the first post and give you credit.

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September 17, 2013, 07:50:21 AM
 #81



1. You saw that JoelKatz couldn't even confirm it nor any employee that I have asked. They would announce it on their blog if it was true, like I stated earlier. They announce EVERYTHING.



It was announced publicly by an OpenCoin VP and echoed on ripple.com.  You live in an anti-ripple fantasy world.  The rest of us are living in reality (and making profits on XRP).

http://www.rippleprice.com/

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September 17, 2013, 07:57:44 AM
 #82

And now the big question how much it will sky-rocket...

Ripple XRP spent majority of it's non-opensource existence @ 1BTC=7000XRP, so I guess in open-source phase... it will be much valuable.

This graph will explain it visually:

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September 17, 2013, 08:12:57 AM
 #83



1. You saw that JoelKatz couldn't even confirm it nor any employee that I have asked. They would announce it on their blog if it was true, like I stated earlier. They announce EVERYTHING.



It was announced publicly by an OpenCoin VP and echoed on ripple.com.  You live in an anti-ripple fantasy world.  The rest of us are living in reality (and making profits on XRP).

http://www.rippleprice.com/

Who said I'm not a holder? I'm seeing clearly, you on the otherhand along with your alt account are the only people hyping this (doing a good job I must add) but the frenzy will stop and the dump will be spectacular. So in conclusion I'm speaking from an unbiased point of view as I hold XRP and BTC, yet you're this dysfunctional human juicing from the mouth trying desperately to keep this fake hype up. There will be no open source on the 26th, get over it.
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September 17, 2013, 08:21:56 AM
 #84

is it normal that bitstamp takes forever to send the xrp you bought to your ripple wallet or doesn't do it at all? Cheesy been a few hours now since i bought some for $1.

Bitstamp history:

Bought 129.062500 XRP for 1.25 USD. Sent to r9wDDLi5DuN2Sa1FQBddAXAN27QNAueSEA in transaction None

Sad


also, that is not 0.0086 $ per ripple.

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September 17, 2013, 08:28:25 AM
 #85

Bitstamp seems to have its issues from time to time, yes.

If they don't transact within 24 hours, I'd recommend opening a ticket with them.

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September 17, 2013, 08:28:50 AM
 #86

is it normal that bitstamp takes forever to send the xrp you bought to your ripple wallet or doesn't do it at all? Cheesy been a few hours now since i bought some for $1.

Bitstamp history:

Bought 129.062500 XRP for 1.25 USD. Sent to r9wDDLi5DuN2Sa1FQBddAXAN27QNAueSEA in transaction None

Sad


also, that is not 0.0086 $ per ripple.

Yeah you got duped. It is more expensive through bitstamp. If you need more XRP, let me know Wink
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September 17, 2013, 09:19:13 AM
 #87

His account hasn't been funded yet, so besides getting giveaways, he needs to buy on the external market and can't use Ripple internal...

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September 17, 2013, 09:43:06 AM
 #88

Put me on record: If OCRipple is fully open sourced with no catches or "gotchas" (such as it not really being decentralized) on Sept. 26, 2013, I'll eat my hat.
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September 17, 2013, 09:54:47 AM
 #89

What do you count as "not really being decentralized"? It is unlikely that there will suddenly be hundreds of trusted server operators out there on the same day that it (supposedly) is open sourced... Currently there are a low 2 digit number of rippled servers running of which only the minority is operated by OpenCoin. Is this enough for you (and at which point was Bitcoin "really decentralized" by the way?)?

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September 17, 2013, 09:57:51 AM
 #90

Put me on record: If OCRipple is fully open sourced with no catches or "gotchas" (such as it not really being decentralized) on Sept. 26, 2013, I'll eat my hat.

This hype came from a video which is not supported officially on the blog or by the staff. If one staff member can say it, why couldn't JoelKatz confirm it before? Lucky for you, your hat will still be intact considering this is just a hype thread fueled by a couple of Ripple supporters. The poor suckers buying at these prices. What idiots.
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September 17, 2013, 10:22:08 AM
 #91

ok, bitstamp is simply taking too long - can someone quickly send me those 100 XRP to r9wDDLi5DuN2Sa1FQBddAXAN27QNAueSEA in return for 0.01 BTC?

I'll send first if your username isn't scamperor with 3 posts etc. Cheesy

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September 17, 2013, 11:25:35 AM
 #92

Wow, I am looking forward to see that Cheesy     

Another nice video describing ripple :
http://www.youtube.com/watch?v=w8c_m6U1f9o
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September 17, 2013, 11:36:48 AM
 #93

What do you count as "not really being decentralized"? It is unlikely that there will suddenly be hundreds of trusted server operators out there on the same day that it (supposedly) is open sourced... Currently there are a low 2 digit number of rippled servers running of which only the minority is operated by OpenCoin. Is this enough for you (and at which point was Bitcoin "really decentralized" by the way?)?
Simply put, can the Ripple network continue operating without OpenCoin?
You have to understand that Bitcoin's biggest innovation is that it can establish a consensus without any centralization; the blockchain is the authority, etc. If they release a passive daemon, it is interesting for developers, will likely create many gateways, but still would have a single point of failure.

No particular nod is needed for Ripple to continue it's existence as p2p network, so Ripple can work without OpenCoin in the future.

Also from the Ripple Terms and Conditions:

Quote
As further described in Section 4 (Assumption of Risk with Ripple), OpenCoin does not own or control Ripple and you are solely responsible for your use of Ripple.
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September 17, 2013, 12:02:58 PM
 #94

It's amazing.  Never have I seen such hatred of a crypto currency rising in value.  As was said, the goal was always to open source Ripple.  I really thought it would be closer to years end but there was never a doubt it would be so.  Now people are mad because they are too immature to simply admit they were wrong.  That you fell for the real scam, which was all the hollow propaganda against Ripple instead of doing your own research and having a little faith in your fellow Bitcoiners, who created Ripple as a compliment to Bitcoin.

Love Ripple or hate it...anyone who is still sitting on the sidelines with these prices and this momentum, should not speculate on currency.  You're simply too emotional to make good decisions.  This is easy money.  If you're too blinded by your ignorant biases to see that, you deserve to miss the money.  Especially given XRP is so cheap...how do you at minimum not have a BTC or two worth, in case this is XRP's "260" moment?  I mean really?  Risk vs reward.  How many times will Ripple go open source?  I hedge my bets across many different crypto currencies, but then again, I'm not an emotional speculator.  I'm in this to make money.  Misguided ideology doesn't pay the rent.

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September 17, 2013, 12:33:34 PM
 #95

It's amazing.  Never have I seen such hatred of a crypto currency rising in value.  As was said, the goal was always to open source Ripple.  I really thought it would be closer to years end but there was never a doubt it would be so.  Now people are mad because they are too immature to simply admit they were wrong.  That you fell for the real scam, which was all the hollow propaganda against Ripple instead of doing your own research and having a little faith in your fellow Bitcoiners, who created Ripple as a compliment to Bitcoin.

Love Ripple or hate it...anyone who is still sitting on the sidelines with these prices and this momentum, should not speculate on currency.  You're simply too emotional to make good decisions.  This is easy money.  If you're too blinded by your ignorant biases to see that, you deserve to miss the money.  Especially given XRP is so cheap...how do you at minimum not have a BTC or two worth, in case this is XRP's "260" moment?  I mean really?  Risk vs reward.  How many times will Ripple go open source?  I hedge my bets across many different crypto currencies, but then again, I'm not an emotional speculator.  I'm in this to make money.  Misguided ideology doesn't pay the rent.

What are you talking about? Only a month ago the prices were 45,000 xrp/ 1 btc which is when I bought in huge, yet I am still trying to talk sense into mindless idiots like yourself. Most people do not even understand Ripple yet they are buying into it at these ridiculously high prices due to select individuals who created hysteria from an unconfirmed video. 

Before you question other peoples sanity, how about reassessing your own insanity. Have fun buying at stupid high prices. Suckers like you are just making me rich.
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September 17, 2013, 12:40:20 PM
 #96

Unconfirmed video?   Grin. Yes, I think it could have been a CGI clone of Patrick.   Roll Eyes. And since you and your buddy up their seem offended...rest assured, I was definitely talking about you.  You bought in at 45k?  That's awesome...I just don't believe you.  People who go around calling Ripple a scam, don't often buyin when it's crashing and certainly not crying about watching your investment payoff.  I'd love to be wrong though...because my maturity level can handle it.  Post your Ripple address and let's all have a look at your "buying big" at "45k".  Come on...make me wrong.


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September 17, 2013, 12:41:37 PM
 #97

As of now, you can't even run your node. Do you have any idea what you are talking about?
In the future everyone will be in position to run their node.

How does Ripple solve the double spend issue in a 100% decentralized way?
Ripple solves the double spend problem by consensus, read more here: http://bitcoin.stackexchange.com/a/10204
Watch the video: http://www.youtube.com/watch?v=pj1QVb1vlC0

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September 17, 2013, 02:12:48 PM
 #98

Up 60% now from when I posted this, just about 3 days ago....and still going...

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September 17, 2013, 02:35:42 PM
 #99

At this rate and with the absolute usefulness of the Ripple network, it's not beyond the realm of possibility, to start thinking about XRP reaching parity with the USD.  LTC is sitting at $2 and is just another digital currency with a limited payment network.  Ripple is a crypto game changer and open source removes most doubts.  I'm not saying it's going to happen, I'm just saying it's certainly possible.  I've got the popcorn ready!   Shocked

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September 17, 2013, 02:42:55 PM
 #100

What do you count as "not really being decentralized"? It is unlikely that there will suddenly be hundreds of trusted server operators out there on the same day that it (supposedly) is open sourced... Currently there are a low 2 digit number of rippled servers running of which only the minority is operated by OpenCoin. Is this enough for you (and at which point was Bitcoin "really decentralized" by the way?)?
Simply put, can the Ripple network continue operating without OpenCoin?
You have to understand that Bitcoin's biggest innovation is that it can establish a consensus without any centralization; the blockchain is the authority, etc. If they release a passive daemon, it is interesting for developers, will likely create many gateways, but still would have a single point of failure.

It already could, as there are more non-OC servers in the network than OC servers online. Most of them probably use OC servers exclusively in their UNL though, to ensure that any needed changes actually are accepted until opening up.

Ripple is already now able to establish consensus without any centralization, the only reason it maybe (I can't tell which UNLs server operators are using) does still trust OC to a degree that it could be called "centralized" is that there could still be changes to the protocol that need to be done and that would be hard to do in a decentralized way if the operators of servers operate them in a "fire and forget" mode or start actively forking and/or testing the network.

Ripple is secured by having a diverse UNL (Bitcoin by computational power of miners), so the biggest issue that needs to be solved still imho is how to actually build a good UNL with trusted, non-colluding entities asap after going live.

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September 17, 2013, 02:50:12 PM
 #101

XRP back to .01 USD.   That is up 67% now.  

And remember the record high for XRP was just over .02 USD a few months ago.  So still has room to run and won't even be where it was a few months ago.

XRP can DOUBLE from here and still not be where it was in June.   So I'm adding more all the way up.

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September 17, 2013, 02:51:47 PM
 #102

At this rate and with the absolute usefulness of the Ripple network, it's not beyond the realm of possibility, to start thinking about XRP reaching parity with the USD.  LTC is sitting at $2 and is just another digital currency with a limited payment network.
Except there are 100 billion XRP, and 84 million LTC.
Do you even understand supply and demand?

Sure do...I also understand speculation.  BTC and LTC are both over valued but speculation on future values helps drive prices higher.  In the world of crypto...anything is possible.   Wink

Quote
Ripple is a crypto game changer and open source removes most doubts.  I'm not saying it's going to happen, I'm just saying it's certainly possible.  I've got the popcorn ready!   Shocked
Quote
Ripple might be, XRP isn't.

That remains to be seen.  If Ripple is a game changer and XRP is the only native currency, requiring no trust lines, it's fairly safe to say XRP is going to fair very well in this scenario.  

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September 17, 2013, 02:54:48 PM
 #103

Yes I don't know if XRP will ever be $5.00 but right now it is $.01.  Even if it goes to ten cents, that is 1000% profit.

And as I said above, even if it just goes back to where it was in June that is 100% profit from where it is right now at .01.

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September 17, 2013, 03:29:55 PM
 #104

At this rate and with the absolute usefulness of the Ripple network, it's not beyond the realm of possibility, to start thinking about XRP reaching parity with the USD.  LTC is sitting at $2 and is just another digital currency with a limited payment network.
Except there are 100 billion XRP, and 84 million LTC.
Do you even understand supply and demand?

But we should estimate the current value based on the current float (amount in circulation), not what it might be in 2030.

Back of the envelope: current BTC float approximately 11 million. rough estimate of current XRP float is between 1.5 and 3 billion (source). But let's be generous and bump it up to 10 billion.

11 million btc at $100 is a market cap of $1.1 billion USD. If XRP were to have similar value, then it gets the same market cap (over 10 billion coins instead of 11 million). So $1 billion USD / 10 billion XRP = $0.10 per XRP.

Now I'll reserve judgement on whether XRP should be valued similarly to BTC (let the market decide). But this is the same back-of-the-envelope reasoning commonly used to justify an LTC price relative to BTC.

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September 17, 2013, 03:50:34 PM
 #105

Oh, I get that, and the fact that most XRP was sitting idle in people's wallets unaware they could sell it helped a lot with the previous bubble.

But here's the thing:
You can still get XRP in large quantities by giveaways.
You also have no idea about what OpenCoin will choose to distribute the rest.

However, you do know exactly how it is going to happen with Bitcoin.

Where is a giveaway where you can get XRP in "large" quantities?    I'm not aware of any.

And you are back to debating the long-term merits of Ripple vs Bitcoin.   I posted this thread purely as a play on the big news.  I never advocated XRP as a long-term "investment".   Personally I think Ripple has a bright future, but I haven't advised anyone to buy some and hold it for year. I just suggested that people consider buying it on this open source news and it's gone up 60% since then.


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September 17, 2013, 03:59:11 PM
 #106

Where is a giveaway where you can get XRP in "large" quantities?    I'm not aware of any.
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September 17, 2013, 04:02:14 PM
 #107

Ahbritto It's nice to see you here Cheesy
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September 17, 2013, 04:07:54 PM
 #108

Uh, you guys seriously never saw https://bitcointalk.org/index.php?topic=145506.0 ?
It's now "only" 1000 XRP but was higher, and it's 400+ pages.
And they also did a 1000 XRP giveaway a few months ago, just needed your e-mail.

How can sellers can compete?

Anyone whose Bitcoin Forum account was created before February 19, 2013, 18:45 UTC, is eligible to receive XRP.

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September 17, 2013, 04:08:09 PM
 #109

You also have no idea about what OpenCoin will choose to distribute the rest.

And OpenCoin knows exactly where and when they will distribute the rest, and are therefore in a position to play the market accordingly.
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September 17, 2013, 04:16:58 PM
 #110


That is a lottery type of thing...not a giveaway that everyone is eligible for.

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September 17, 2013, 04:17:56 PM
 #111

Uh, you guys seriously never saw https://bitcointalk.org/index.php?topic=145506.0 ?
It's now "only" 1000 XRP but was higher, and it's 400+ pages.
And they also did a 1000 XRP giveaway a few months ago, just needed your e-mail.

How can sellers compete with free?

So 1000 XRP is a "large" giveaway?  1000 XRP is worth $10 right now.  Keep grasping for straws.

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September 17, 2013, 04:29:36 PM
 #112


"...offering free Ripple Developer Conference tickets and 50,000 XRP on a limited, first-come, first-served basis."
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September 17, 2013, 04:33:29 PM
 #113

Oh, I get that, and the fact that most XRP was sitting idle in people's wallets unaware they could sell it helped a lot with the previous bubble.

But here's the thing:
You can still get XRP in large quantities by giveaways.
You also have no idea about what OpenCoin will choose to distribute the rest.

However, you do know exactly how it is going to happen with Bitcoin.

I agree with you, we do know how the bitcoin float will change. And about those large quantity XRP giveaways, PM me please (lol).

And you're right, we don't know how exactly OpenCoin will distribute the rest. What we do have is their pledge to give away 50% (fwiw). And the common-sense expectation that they will do so in a way to maximize long-term XRP value (their explicit profit-model).

The OpenCoin monopoly on XRP is (for non-employees) a bitter pill to swallow. But it comes with advantages (a simple profit-model strictly aligned with interest of XRP holders, aggressively pay developers, bootstrapping new exchanges/gateways with strong incentive, giveaway "faucet" to entice new users, etc).

There might be other "non-profit" ways of developing a next-gen crypto-currency (eg community debate on vague proposals of p2p distributed exchanges in various forum threads). But I haven't seen them amount to anything.

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September 17, 2013, 04:43:09 PM
 #114

What a moron you are.
Yes, it's not large now, because the price is starting to make sense.
They used to give something that was worth more than 1 BTC at the time. In a giveaway.

How many times do I have to explain this?

Your quote:

But here's the thing:
You can still get XRP in large quantities by giveaways.

So now you are saying the giveaways are no longer large, which is what I said to begin with, which was my point that you were incorrect and making things up.  


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September 17, 2013, 04:45:45 PM
 #115

The 1000 XRP giveaway from SnapSwap is more tahn you'll ever need in a lifetime likely... I'd call that a large quantity.

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September 17, 2013, 04:47:02 PM
 #116

The 1000 XRP giveaway from SnapSwap is more tahn you'll ever need in a lifetime likely... I'd call that a large quantity.

1000 XRP is $10 worth.  So sure you can call that large. I guess it is compared to 1 penny's worth, but most people would not consider it large in the context of our discussion.

And Snapswap has a new 2000 XRP giveaway if you use Dwolla to fund your acct.  I'm taking advantage of that one.

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September 17, 2013, 04:48:35 PM
 #117

You also have no idea about what OpenCoin will choose to distribute the rest.

And OpenCoin knows exactly where and when they will distribute the rest, and are therefore in a position to play the market accordingly.

True, but, OpenCoin interest is aligned with all XRP holders. And the ripple market is also much more transparent than conventional markets. Anyone can watch the OpenCoin addresses (like we can watch Satoshi addresses). And everyone can see the amount of funds entering and leaving gateways. Compare this to the current bitcoin exchanges, where whales and exchange insiders have an exclusive knowledge of fund flows, and therefore a huge information edge.

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September 17, 2013, 04:51:33 PM
 #118

Anyone can watch the OpenCoin addresses (like we can watch Satoshi addresses)
So what is Satoshi doing in these days? Cheesy
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September 17, 2013, 05:03:25 PM
 #119

1000 XRP is $10 worth.
Nowhere else in cryptocoin history has someone given something that was $10 worth at the time.
I guess XRP is still hugely overpriced.

iirc, Gavin's bitcoin faucet was originally giving away 5 BTC per ip address. That was right around the time they were approaching $1. The snapswap giveaway started at 1500 XRP, but that was in exchange for verifying a bank account. They've lowered it to 500 XRP, and that's only with a $10 dwolla deposit.

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September 17, 2013, 05:13:01 PM
 #120

1000 XRP is $10 worth.
Nowhere else in cryptocoin history has someone given something that was $10 worth at the time.
I guess XRP is still hugely overpriced.

Yes like when they were giving out 50,000 free XRP and the price still went up 2000% after that?

And you can rant off topic as much as you like about what XRP price will be in 10 years, but this thread is about the short-term price appreciation due to the open source news.

It can be "overpriced" as much as you like but if you buy at $1 and sell at $2, then you still make 100% return on your investment.

The time to sell may be late October, but sure isn't right now with it still moving up sharply.


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September 17, 2013, 05:37:36 PM
 #121

The fact that people can still buy above 10k/BTC is insane.  I wouldn't expect this to last much longer and likely the last time we'll ever see prices like this again.  

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September 17, 2013, 05:57:00 PM
 #122

True, but, OpenCoin interest is aligned with all XRP holders. And the ripple market is also much more transparent than conventional markets. Anyone can watch the OpenCoin addresses (like we can watch Satoshi addresses). And everyone can see the amount of funds entering and leaving gateways. Compare this to the current bitcoin exchanges, where whales and exchange insiders have an exclusive knowledge of fund flows, and therefore a huge information edge.

There is no way to prove that OpenCoin isn't "giving away" the majority of their XRP to addresses which actually are controlled by OpenCoin (or their employees) themselves. They would have to reveal the identities of the users behind those addresses for that, which is not going to happen as it would compromise the privacy of these users.
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September 17, 2013, 06:49:21 PM
 #123

Who are the major servers right now?
Are there other gateways besides Bitstamp?

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September 17, 2013, 07:15:50 PM
 #124

has anyone else thought that some of the xrp given away went to OPENCOIN and that they are selling them for btc at "market price" and that the btc  they get is how they make their money Wink rinse and repeat

jkkkkkkkk

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September 17, 2013, 07:35:38 PM
 #125

There is no way to prove that OpenCoin isn't "giving away" the majority of their XRP to addresses which actually are controlled by OpenCoin (or their employees) themselves. They would have to reveal the identities of the users behind those addresses for that, which is not going to happen as it would compromise the privacy of these users.
We drafted the XRP distribution plan. If we thought keeping 80% of the XRP was best, we would have decided to do that. I don't see any benefit to us doing it deceptively and, of course, there's significant risk to doing things that way.

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September 17, 2013, 07:36:58 PM
 #126

has anyone else thought that some of the xrp given away went to OPENCOIN and that they are selling them for btc at "market price" and that the btc  they get is how they make their money Wink rinse and repeat

jkkkkkkkk

One of the main reasons I got into XRP in the first place is that OpenCoin's entire stated business plan is to make money from XRP price appreciation.

So their motives are aligned with XRP holders/investors/speculators.  They want the price to go up and they will do whatever they can to make it go up....which only benefits you if you are holding XRP.

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September 17, 2013, 09:10:03 PM
 #127

has anyone else thought that some of the xrp given away went to OPENCOIN and that they are selling them for btc at "market price" and that the btc  they get is how they make their money Wink rinse and repeat

jkkkkkkkk

They do sell XRP to fund operations and that's never been a secret. Selling XRP is their only means to monetize. As was just said, this is a benefit not a negative.  A for-profit company has it in it's best interest to see the value of XRP rise and with that, they can actually pay developers and staff to help insure the success of the network. Especially as they not only head into open source but as the federation of payment networks and the addition of major gateways and market makers begins to kick into high gear.

Now the thought that OC would be selling most of their supply through the internal exchange wouldn't make much since, as the market depth could not handle that kind of influx and prices would just crash.  Not in their best interest.  Selling XRP in bulk to gateways and market makers however, is a much smarter way of getting operational funding from XRP, without affecting the order books.  Where do you think BitStamp gets their XRP supply from?  Their own order book?  I think not.

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September 17, 2013, 11:22:33 PM
 #128

XRP holding strong at just near .01.  I thought it would pull back more before shooting upwards even more, but looks like it isn't going to do so and should take it out in the next day or less.  

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September 18, 2013, 12:29:32 AM
 #129

There is no way to prove that OpenCoin isn't "giving away" the majority of their XRP to addresses which actually are controlled by OpenCoin (or their employees) themselves. They would have to reveal the identities of the users behind those addresses for that, which is not going to happen as it would compromise the privacy of these users.
We drafted the XRP distribution plan. If we thought keeping 80% of the XRP was best, we would have decided to do that. I don't see any benefit to us doing it deceptively and, of course, there's significant risk to doing things that way.

You cannot possibly believe this to be true. You must think we're all idiots. There are 100 billion reasons for you guys to lie about the giveaways and zero risk of getting caught if you did.



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September 18, 2013, 04:18:17 AM
 #130

You cannot possibly believe this to be true.
Maybe I'm being naive, but I genuinely do believe it. I believe that every single XRP we give away, we give away because we believe that best furthers the long-term prospects for Ripple as a payment network and that is in the best interests of OpenCoin.

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September 18, 2013, 04:54:03 AM
 #131

You cannot possibly believe this to be true.
Maybe I'm being naive, but I genuinely do believe it. I believe that every single XRP we give away, we give away because we believe that best furthers the long-term prospects for Ripple as a payment network and that is in the best interests of OpenCoin.

Yes well again, OpenCoin's stated (and open) business plan is to make profits from XRP price appreciation.  So by definition, everything they do is going to try to get XRP to go higher, in both the short-term, and long-term.   

So unless someone is accusing individuals in the company of blatant corruption (which I haven't heard), then yes all the giveaways, secret or not, is still designed to get 1 XRP to be worth more and more.

You can criticize how they are going about it and think they are making mistakes, but doesn't seem logical to question their overall motives.

Anyway back on topic, XRP is still hanging out just below .01.  Volume seems to be kind of low the last fwe hours but seems to usually go up overnight (in terms of USA east coast hours). So I don't know if that means big buyers in Europe or Asia or what, but that has been the trend for awhile.  So should be interesting to see where it is in 8 or 9 hrs.

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September 18, 2013, 04:56:08 AM
 #132

I'm going to guess that the open source release will be crippled in some way.
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September 18, 2013, 05:20:00 AM
 #133

not much volume in btc/xrp if you convert value to usd.  if volume starts going over 100k usd, i might take a look.  right now it's up in the air. but who knows.  it's a good project and wish them all the success.

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September 18, 2013, 05:34:14 AM
 #134

The real question is will Ripple be able to work in a fully decentralized way?

XRP is still going to be worthless - as it should be - by the way.

You're counting on rationality of market participants. Count again.


this.  same thing was said about btc 3 years ago.  look at it now.

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September 18, 2013, 08:01:14 AM
 #135



This small thread name has the small piece of future and explains what Ripple network brings to Bitcoin community:

1. Anonymity... Does MtGox provide anonymity, does any other exchange do that? Now after BitStamp goes with AML verification, what other bitcoin exchange is anonymous?
2. You will be able to exchange any currency, coin, alt-coin for any currency, coin, alt-coin...
3. This kind of anonymous Ripple gateways will start popping out like a mushrooms after the rain.

This is the clear evidence why Ripple network is complementary tool with Bitcoin and why Ripple will just strengthen Bitcoin, no more centralized Bitcoin Exchange Websites.
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September 18, 2013, 08:39:59 AM
 #136



This small thread name has the small piece of future and explains what Ripple network brings to Bitcoin community:

1. Anonymity... Does MtGox provide anonymity, does any other exchange do that? Now after BitStamp goes with AML verification, what other bitcoin exchange is anonymous?
2. You will be able to exchange any currency, coin, alt-coin for any currency, coin, alt-coin...
3. This kind of anonymous Ripple gateways will start popping out like a mushrooms after the rain.

This is the clear evidence why Ripple network is complementary tool with Bitcoin and why Ripple will just strengthen Bitcoin, no more centralized Bitcoin Exchange Websites.

Exactly. Wink

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September 18, 2013, 09:31:53 AM
 #137



This small thread name has the small piece of future and explains what Ripple network brings to Bitcoin community:

1. Anonymity... Does MtGox provide anonymity, does any other exchange do that? Now after BitStamp goes with AML verification, what other bitcoin exchange is anonymous?
2. You will be able to exchange any currency, coin, alt-coin for any currency, coin, alt-coin...
3. This kind of anonymous Ripple gateways will start popping out like a mushrooms after the rain.

This is the clear evidence why Ripple network is complementary tool with Bitcoin and why Ripple will just strengthen Bitcoin, no more centralized Bitcoin Exchange Websites.

That is awesome.

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September 18, 2013, 09:57:57 AM
 #138

I'm going to guess that the open source release will be crippled in some way.
Well, it will be "crippled" in the sense that it is not too likely that suddenly everyone and their mother puts the node someone just brought online in their UNL - so someone unknown starting to run rippled would have limited impact on the actual network initially.

"Crippled" in the sense of for example "not being able to take part in consensus at all" or "can only run testnet" is unlikely, as there would be need for major restructuring of the code base to even remotely accomplish that. Also it could trivially be patched back in. I would recommend them to make rippled start by default in testnet mode (as a lot of nodes coming up at the same time might overload the p2p network with requests for historic data) with mainnet only available with command line switches or non-default config settings, but other than that I see no indications for "crippling potential" other than the mentioned "network killing itself due to sudden influx of nodes" scenario, which is not really part of the source code.

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https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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September 18, 2013, 10:05:54 AM
 #139

Well, it will be "crippled" in the sense that it is not too likely that suddenly everyone and their mother puts the node someone just brought online in their UNL - so someone unknown starting to run rippled would have limited impact on the actual network initially.

"Crippled" in the sense of for example "not being able to take part in consensus at all" or "can only run testnet" is unlikely, as there would be need for major restructuring of the code base to even remotely accomplish that. Also it could trivially be patched back in. I would recommend them to make rippled start by default in testnet mode (as a lot of nodes coming up at the same time might overload the p2p network with requests for historic data) with mainnet only available with command line switches or non-default config settings, but other than that I see no indications for "crippling potential" other than the mentioned "network killing itself due to sudden influx of nodes" scenario, which is not really part of the source code.
Nah, crippled as in "starting your own fork requires proprietorially and unreleased software". Will Ripple be open source or free software? There's an important distinction.

Apple has open sourced parts of Mac OS X, iOS, etc, http://opensource.apple.com/ , but that doesn't mean OSX or iOS is free software. Bitcoin is free software. Regardless, having source available is a good step forward.



This small thread name has the small piece of future and explains what Ripple network brings to Bitcoin community:

1. Anonymity... Does MtGox provide anonymity, does any other exchange do that? Now after BitStamp goes with AML verification, what other bitcoin exchange is anonymous?
2. You will be able to exchange any currency, coin, alt-coin for any currency, coin, alt-coin...
3. This kind of anonymous Ripple gateways will start popping out like a mushrooms after the rain.

This is the clear evidence why Ripple network is complementary tool with Bitcoin and why Ripple will just strengthen Bitcoin, no more centralized Bitcoin Exchange Websites.

You have GOT to be kidding. DividendRippler is not a currency exchange for starters, and even if it was it doesn't do fiat at all.

It's true that with Ripple there will be no more centralized bitcoin exchange websites. There will just be a centralized bitcoin exchange website. Claiming that trading via Ripple is more decentralized is like claiming that by using a desktop gox interface you're no longer trading on centralized bitcoin exchanges.
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September 18, 2013, 10:22:53 AM
 #140

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?


http://www.newfination.com/2013/08/01/the-ripple-network-review-what-is-ripple/4103/

XRP is down about 70% from its highs, which is why I think it should really surge on this news once more people find out about it.

How do we buy XRP
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September 18, 2013, 10:24:31 AM
 #141

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?


http://www.newfination.com/2013/08/01/the-ripple-network-review-what-is-ripple/4103/

XRP is down about 70% from its highs, which is why I think it should really surge on this news once more people find out about it.

How do we buy XRP

Would you like to buy some feathercoin v2 v3 and Scrypt Bitcoins too? They'll probably fare out better in the long term relative to XRP.
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September 18, 2013, 10:30:12 AM
 #142

So is the Ripple XRP a different kind of bitcoin and if so, how is it different/better?


http://www.newfination.com/2013/08/01/the-ripple-network-review-what-is-ripple/4103/

XRP is down about 70% from its highs, which is why I think it should really surge on this news once more people find out about it.

How do we buy XRP

Would you like to buy some feathercoin v2 v3 and Scrypt Bitcoins too? They'll probably fare out better in the long term relative to XRP.
Ladies and gentleman Mr. TradeFortress, give him a warm welcome.

Are you the owner of RippleScam.org? How will you handle the lawsuit from OpenCoin when they sue you for doing that?
By the way, Mr. Tradefortress I heard that your business is closed-source, off-the-chain, centralized, IOU issuing webwallet service that is advertising that it transacts (near) instantly between users?
Is that true? Good luck with that Cheesy
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September 18, 2013, 10:35:37 AM
 #143

Ladies and gentleman Mr. TradeFortress, give him a warm welcome.

Are you the owner of RippleScam.org? How will you handle the lawsuit from OpenCoin when they sue you for doing that?
By the way, Mr. Tradefortress I heard that your business is closed-source, off-the-chain, centralized, IOU issuing webwallet service that is advertising that it transacts (near) instantly between users?
Is that true? Good luck with that Cheesy

The key thing is that Inputs compliments the decentralized Bitcoin instead of replacing Bitcoin with a centralized version and calling it XIO.
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September 18, 2013, 10:39:49 AM
 #144

Ladies and gentleman Mr. TradeFortress, give him a warm welcome.

Are you the owner of RippleScam.org? How will you handle the lawsuit from OpenCoin when they sue you for doing that?
By the way, Mr. Tradefortress I heard that your business is closed-source, off-the-chain, centralized, IOU issuing webwallet service that is advertising that it transacts (near) instantly between users?
Is that true? Good luck with that Cheesy

The key thing is that Inputs compliments the decentralized Bitcoin instead of replacing Bitcoin with a centralized version and calling it XIO.
OK, thank you for your explanation, it's really a good moment for me to learn things that I was wondering for months.
What can you tell me about some people claiming that you offered them 5BTC to edit their posts to "Ripple is a scam" on the first page of the Ripple Giveaway thread? https://bitcointalk.org/index.php?topic=212730.0
https://bitcointalk.org/index.php?topic=145506.0
If it's the truth, what is the motivation behind doing that?
Thank you!
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September 18, 2013, 10:44:35 AM
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Ladies and gentleman Mr. TradeFortress, give him a warm welcome.

Are you the owner of RippleScam.org? How will you handle the lawsuit from OpenCoin when they sue you for doing that?
By the way, Mr. Tradefortress I heard that your business is closed-source, off-the-chain, centralized, IOU issuing webwallet service that is advertising that it transacts (near) instantly between users?
Is that true? Good luck with that Cheesy

The key thing is that Inputs compliments the decentralized Bitcoin instead of replacing Bitcoin with a centralized version and calling it XIO.
OK, thank you for your explanation, it's really a good moment for me to learn things that I was wondering for months.
What can you tell me about some people claiming that you offered them 5BTC to edit their posts to "Ripple is a scam" on the first page of the Ripple Giveaway thread? https://bitcointalk.org/index.php?topic=212730.0
https://bitcointalk.org/index.php?topic=145506.0
If it's the truth, what is the motivation behind doing that?
Thank you!
Bringing more awareness to ripple's false advertising Smiley

Do you know charities and non-profit organizations spend substantial amounts on advertising?

You're doing a nice job shilling for OpenCoin, awaiting your job offer & paycheck just like misterbiggs?
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September 18, 2013, 10:47:02 AM
 #146

Good to know that, it's a really nice motivation Cheesy

Can you tell me why did Google Ventures invested into OpenCoin, company behind Ripple if it was so obvious that it's a fraud?
http://gigaom.com/2013/05/14/google-ventures-invests-in-opencoin-the-firm-behind-bitcoin-exchange-ripple/

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September 18, 2013, 10:50:37 AM
 #147


It's true that with Ripple there will be no more centralized bitcoin exchange websites. There will just be a centralized bitcoin exchange website. Claiming that trading via Ripple is more decentralized is like claiming that by using a desktop gox interface you're no longer trading on centralized bitcoin exchanges.


Yeah LOL.  At least magicaltux doesn't go around claiming that MtGox is a decentralized protocol.   Even though the trade engine does reach consensus by consensus.

Anyway, lets see what these guys can do.  There's a lot of talented folks on the team, who have more in mind than just sinking opencoin founders deeper in the black.  
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September 18, 2013, 10:53:29 AM
 #148

Good to know that, it's a really nice motivation Cheesy

Can you tell me why did Google Ventures invested into OpenCoin, company behind Ripple if it was so obvious that it's a fraud?
http://gigaom.com/2013/05/14/google-ventures-invests-in-opencoin-the-firm-behind-bitcoin-exchange-ripple/

All frauds have winners and losers Smiley

Ripple isn't a fraud in the sense that it steals your wallet.dat, but it deceptively presents what it actually is. That's because few people from this community would use it if they knew what Ripple actually is.

By the way, Google Ventures also invested in Buttercoin.
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September 18, 2013, 10:56:53 AM
 #149

All frauds have winners and losers Smiley

Ripple isn't a fraud in the sense that it steals your wallet.dat, but it deceptively presents what it actually is. That's because few people from this community would use it if they knew what Ripple actually is.

By the way, Google Ventures also invested in Buttercoin.

OK, thank you for you polite answers Cheesy I was thinking that you made all that in order to buy millions of XRP at the low price, but I was obviously wrong Cheesy
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September 18, 2013, 11:00:01 AM
 #150

All frauds have winners and losers Smiley

Ripple isn't a fraud in the sense that it steals your wallet.dat, but it deceptively presents what it actually is. That's because few people from this community would use it if they knew what Ripple actually is.

By the way, Google Ventures also invested in Buttercoin.

OK, thank you for you polite answers Cheesy I was thinking that you made all that in order to buy millions of XRP at the low price, but I was obviously wrong Cheesy
Looked through your posting history, nice ripple shilling.

Oh, and you've never responded to why you think DividendRippler.com is a currency exchange and compared it as such to pump Ripple and get people to buy the BS that ripple "compliments" bitcoin.
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September 18, 2013, 11:01:34 AM
 #151

Look through your posting history, nice ripple shilling.
Of course, I'm the Ripple biggest fan and I have also invested a lot in it, it makes two of us people with the similar interest Wink
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September 18, 2013, 11:02:35 AM
 #152

DividendRippler can be "anonymous" obviously only because it stays in crypto-land exclusively and doesn't deal with any fiat and the banking system.

Bitstamp only for verified members
I believe that many Bitstamp members who are concerned about their privacy will transfer their funds to Ripple network, Bitstamp is already connected to Ripple and it's a matter of seconds to transfer funds from Bitstamp to Ripple.

Except that you can't physically "transfer" any funds from Bitstamp to the "Ripple network". The funds are still in your Bitstamp, they only set a flag that you see them in your Ripple account rather than your Bitstamp account.

It's only when you connect to a second gateway that a Bitstamp USD IOU can be auto-magically converted into the other gateway's USD IOU, because that's what Ripple does. However, you'll probably have to get verified by the other gateway too.

And if you convert your USD IOUs to XRPs (in case that's what you mean), well people can convert them to any crypto-currency really. XRPs even have an enormous disadvantage regarding this, because Ripple is not made for privacy; your Ripple account is an open book, public for the whole world to see. And your Ripple account is immediately tied to your verified Bitstamp (or other gateway) account. So Ripple will not pass the "Donations to Wikileaks/Snowden" Litmus test.

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September 18, 2013, 11:04:08 AM
 #153

DividendRippler can be "anonymous" obviously only because it stays in crypto-land exclusively and doesn't deal with any fiat and the banking system.

Bitstamp only for verified members
I believe that many Bitstamp members who are concerned about their privacy will transfer their funds to Ripple network, Bitstamp is already connected to Ripple and it's a matter of seconds to transfer funds from Bitstamp to Ripple.

Except that you can't physically "transfer" any funds from Bitstamp to the "Ripple network". The funds are still in your Bitstamp, they only set a flag that you see them in your Ripple account rather than your Bitstamp account.

It's only when you connect to a second gateway that a Bitstamp USD IOU can be auto-magically converted into the other gateway's USD IOU, because that's what Ripple does. However, you'll probably have to get verified by the other gateway too.

And if you convert your USD IOUs to XRPs (in case that's what you mean), well people can convert them to any crypto-currency really. XRPs even have an enormous disadvantage regarding this, because Ripple is not made for privacy; your Ripple account is an open book, public for the whole world to see. And your Ripple account is immediately tied to your verified Bitstamp (or other gateway) account. So Ripple will not pass the "Donations to Wikileaks/Snowden" Litmus test.

What do you think about "Bitcoin Bridge"?

EDIT: Here's the link https://ripple.com/blog/bitcoin-bridge-lets-ripple-users-make-payments-to-bitcoin-accounts/

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September 18, 2013, 11:04:51 AM
 #154

The blockchain is great for AML (unavoidable public records!) but anyone could anonymously mine BTC!! Why don't we add centralized gateways and have them require AML, make up BS about how it "compliments" bitcoin when it's against everything Bitcoin and Satoshi stood for?
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September 18, 2013, 11:09:07 AM
 #155

DividendRippler can be "anonymous" obviously only because it stays in crypto-land exclusively and doesn't deal with any fiat and the banking system.

Bitstamp only for verified members
I believe that many Bitstamp members who are concerned about their privacy will transfer their funds to Ripple network, Bitstamp is already connected to Ripple and it's a matter of seconds to transfer funds from Bitstamp to Ripple.

Except that you can't physically "transfer" any funds from Bitstamp to the "Ripple network". The funds are still in your Bitstamp, they only set a flag that you see them in your Ripple account rather than your Bitstamp account.

It's only when you connect to a second gateway that a Bitstamp USD IOU can be auto-magically converted into the other gateway's USD IOU, because that's what Ripple does. However, you'll probably have to get verified by the other gateway too.

And if you convert your USD IOUs to XRPs (in case that's what you mean), well people can convert them to any crypto-currency really. XRPs even have an enormous disadvantage regarding this, because Ripple is not made for privacy; your Ripple account is an open book, public for the whole world to see. And your Ripple account is immediately tied to your verified Bitstamp (or other gateway) account. So Ripple will not pass the "Donations to Wikileaks/Snowden" Litmus test.

What do you think about "Bitcoin Bridge"?

EDIT: Here's the link https://ripple.com/blog/bitcoin-bridge-lets-ripple-users-make-payments-to-bitcoin-accounts/

You do realize that OpenCoin Inc centrally added BitStamp as a bitcoin bridge to Ripple?

Sure it's decentralized  Wink ... erm, doublespeak.

FYI..

http://opencoin.org/Members/jhb/opencoin-and-ripple

Quote
We, opencoin, are a project that started in 2007 to create an open source version of the electronic cash system invented by David Chaum. It is about minting tokens that can be transfered in a non-tracable way. It is fast, and the user has full flexibility on how to do the transfer.

We have nothing to do with "OpenCoin Inc.", a new company that is developing the ripple network. Unfortunately they decided in 2012 to name their company the same as our project. That creates a bit of confusion, as both are about electronic transfers.

So, if you want open source digital cash, opencoin.org (or our repo on github) is the place to be. If you want an account based system like the ripple network, it is not.
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September 18, 2013, 11:13:02 AM
 #156

You do realize that OpenCoin Inc centrally added BitStamp as a bitcoin bridge to Ripple?

Sure it's decentralized  Wink ... erm, doublespeak.
https://ripple.com/forum/viewtopic.php?f=1&t=3516#p16196
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September 18, 2013, 11:14:14 AM
 #157

You do realize that OpenCoin Inc centrally added BitStamp as a bitcoin bridge to Ripple?

Sure it's decentralized  Wink ... erm, doublespeak.
https://ripple.com/forum/viewtopic.php?f=1&t=3516#p16196

Quote
   do I have to have the gateway added to get it considered by the bridge?

No.

That just confirms BitStamp is built in and confirms my point.

Still waiting for a response to your.. justification of DividendRippler being a currency exchange.
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September 18, 2013, 11:35:41 AM
 #158

You do realize that OpenCoin Inc centrally added BitStamp as a bitcoin bridge to Ripple?

Sure it's decentralized  Wink ... erm, doublespeak.
https://ripple.com/forum/viewtopic.php?f=1&t=3516#p16196

Quote
   do I have to have the gateway added to get it considered by the bridge?

No.

That just confirms BitStamp is built in and confirms my point.

Still waiting for a response to your.. justification of DividendRippler being a currency exchange.

Sure, you got that right, currently Bitstamp is hard-coded into "Bitcoin Bridge" (I don't know if something changed about this), but you must realise that "Bitcoin Bridge" is a protocol, in the future every gateway will use it, so as we get more gateways then more "Bitcoin Bridge" will become gateway-less thing in Ripple. DividendRippler is just one bright example what we could expect in future, everyone could set a Ripple Gateway, that was my point. As the number of gateways raise, we will get more and more freedom for Bitcoin.
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September 18, 2013, 11:37:37 AM
 #159

Quote
Sure, you got that right, currently Bitstamp is hard-coded into "Bitcoin Bridge" (I don't know if something changed about this), but you must realise that "Bitcoin Bridge" is a protocol, in the future every gateway will use it, so as we get more gateways then more "Bitcoin Bridge" will become gateway-less thing in Ripple. DividendRippler is just one bright example what we could expect in future, everyone could set a Ripple Gateway, that was my point. As the number of gateways raise, we will get more and more freedom for Bitcoin.

So it's OK if satoshi said "you must mine at BTC guild, eventually there will be more mining pools"?

The reason why BitStamp is the only bitcoin bridge is because nobody really cares about ripple, other than the shills of course. Delude yourself otherwise.
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September 18, 2013, 11:42:23 AM
 #160

Quote
Sure, you got that right, currently Bitstamp is hard-coded into "Bitcoin Bridge" (I don't know if something changed about this), but you must realise that "Bitcoin Bridge" is a protocol, in the future every gateway will use it, so as we get more gateways then more "Bitcoin Bridge" will become gateway-less thing in Ripple. DividendRippler is just one bright example what we could expect in future, everyone could set a Ripple Gateway, that was my point. As the number of gateways raise, we will get more and more freedom for Bitcoin.

So it's OK if satoshi said "you must mine at BTC guild, eventually there will be more mining pools"?

The reason why BitStamp is the only bitcoin bridge is because nobody really cares about ripple, other than the shills of course. Delude yourself otherwise.

You know it's really an impossible thing to love Bitcoin and hate Ripple or to love Ripple and hate Bitcoin, same people build both of them, including Satoshi.

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September 18, 2013, 11:44:51 AM
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Quote
Sure, you got that right, currently Bitstamp is hard-coded into "Bitcoin Bridge" (I don't know if something changed about this), but you must realise that "Bitcoin Bridge" is a protocol, in the future every gateway will use it, so as we get more gateways then more "Bitcoin Bridge" will become gateway-less thing in Ripple. DividendRippler is just one bright example what we could expect in future, everyone could set a Ripple Gateway, that was my point. As the number of gateways raise, we will get more and more freedom for Bitcoin.

So it's OK if satoshi said "you must mine at BTC guild, eventually there will be more mining pools"?

The reason why BitStamp is the only bitcoin bridge is because nobody really cares about ripple, other than the shills of course. Delude yourself otherwise.

You know it's really an impossible thing to love Bitcoin and hate Ripple or to love Ripple and hate Bitcoin, same people build both of them, including Satoshi.
Cheesy Cheesy Cheesy
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September 18, 2013, 11:46:07 AM
 #162

Quote
Sure, you got that right, currently Bitstamp is hard-coded into "Bitcoin Bridge" (I don't know if something changed about this), but you must realise that "Bitcoin Bridge" is a protocol, in the future every gateway will use it, so as we get more gateways then more "Bitcoin Bridge" will become gateway-less thing in Ripple. DividendRippler is just one bright example what we could expect in future, everyone could set a Ripple Gateway, that was my point. As the number of gateways raise, we will get more and more freedom for Bitcoin.

So it's OK if satoshi said "you must mine at BTC guild, eventually there will be more mining pools"?

The reason why BitStamp is the only bitcoin bridge is because nobody really cares about ripple, other than the shills of course. Delude yourself otherwise.

You know it's really an impossible thing to love Bitcoin and hate Ripple or to love Ripple and hate Bitcoin, same people build both of them, including Satoshi.
Cheesy Cheesy Cheesy
Cheesy
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September 18, 2013, 11:50:26 AM
 #163

Ladies and gentleman Mr. TradeFortress, give him a warm welcome.

Are you the owner of RippleScam.org? How will you handle the lawsuit from OpenCoin when they sue you for doing that?
By the way, Mr. Tradefortress I heard that your business is closed-source, off-the-chain, centralized, IOU issuing webwallet service that is advertising that it transacts (near) instantly between users?
Is that true? Good luck with that Cheesy

The key thing is that Inputs compliments the decentralized Bitcoin instead of replacing Bitcoin with a centralized version and calling it XIO.
Would you allow people opening inputs.io Bitcoin IOU<--> Ripple Bitcoin IOU bridges/gateways?

There is an API to add your own gateways to a Ripple client, the Bitstamp one seems to be in there by default though (something I don't like either, though as the client is open source, I can easily patch that out).

The main difference between inputs.io and Ripple is that you don't try to open anything up to the public, so you have the benefits of running fully centralized. You simply don't need to create public ledgers, a way to rate-limit decentralized peers or a way to make sure which transaction was first, as this ALL will be handled by your centralized, closed, IOU-moving server(s).

DividendRippler is not an exchange, it is a gateway to enter the distributed exchange that is called "Ripple". Depending on your viewpoint it might be easy to confuse them with an actual exchange, as the process goes hand in hand (similar to SVN --> GIT similarities and differences). Also there are several layers on Ripple that are decentralized to certain degrees - gateways that issue/redeem IOUs, XRP as assets, the rippled servers that process transactions, ripple clients that construct transactions and display information... so far anyone can build a gateway based on the public API, the client code is open source and XRP are as valueless as BTC initially (though they might be worth something based on their usefulness and network effects). Even if rippled is open sourced, this can and will not change anything about the distribution of XRP - luckily they are not (unlike BTC) the only thing that the network can transact.

All in all I guess there is a lot of misunderstanding and misinterpretation going on around Ripple, which can be also seen here, as nearly any post about it (even if it does NOT deal with XRP as currency) gets moved to Alternate Cryptocurrencies while threads about other exchanges, markets or IOU issuers stay in their respective forums even if they rarely deal with pure on-chain BTC (or never at all, like BitFunder, who ONLY deals in weexchange BTC IOUs!).

AmazonStuff has earned a place on my mental ignore list by the way, this kind of making up facts is irritating and only serves to make Ripple users look bad (or heavily invested in XRP...).

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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September 18, 2013, 11:55:24 AM
 #164

AmazonStuff has earned a place on my mental ignore list by the way, this kind of making up facts is irritating and only serves to make Ripple users look bad (or heavily invested in XRP...).
OK, then I will never make another post about Ripple
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September 18, 2013, 12:03:15 PM
 #165

If you are _that_ dependent on my approval... Roll Eyes

I can understand a certain excitement, once you start claiming that Satoshi is also developing Ripple though you might actually need to take a deep breath, step back from the keyboard and just be happy that XRP gained so much recently, just because Patrick said something on a Bitcoin meetup in NYC that was recorded.

https://www.coinlend.org <-- automated lending at various exchanges.
https://www.bitfinex.com <-- Trade BTC for other currencies and vice versa.
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September 18, 2013, 12:05:22 PM
 #166

Ah yes...Tradefortress rhetoric with my morning coffee.  The sweet sounds of defeat.   Grin  I can't believe you have the cojones to even post, as your long term campaign against Ripple gets exposed as the only real scam.  A scam you invented to protect your own closed source, IOU issuing business.  You certainly tried, I'll give you that little guy.  But true innovation can't be stopped by some random haters with mouths full of ignorance and lies.  Have you learned nothing from Bitcoin?

For all of you that listened to this Tradefortress fraud...maybe next time you'll trying researching and thinking for yourselves.  Because to not do so, is exactly how and why the current banking industry keeps a strangle hold on everything and everyone.  Stop being part of the problem...stop being lazy and go read the wiki.  Or...get ready to do what Tradefortress is currently doing, when you miss the bus:



BTW-Where's NWO???  You didn't think I forgot did you.  Still waiting on the Ripple addy, son.   I'd still love to eat some humble pie.  It too goes good with coffee.  Roll Eyes


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September 18, 2013, 12:09:34 PM
 #167

If you are _that_ dependent on my approval... Roll Eyes

I can understand a certain excitement, once you start claiming that Satoshi is also developing Ripple though you might actually need to take a deep breath, step back from the keyboard and just be happy that XRP gained so much recently, just because Patrick said something on a Bitcoin meetup in NYC that was recorded.
If you say that I harm Ripple, I believe you, I really respect you and yes, that is my definitive decision. Only thing I want to add it that I did a lot of research (two years) about Satoshi and that I mostly wrote about things that already happened in the Ripple World. I thought that it would be good for Bitcoin community to know the truth about Ripple because I was sick of Ripple false accusations: https://ripple.com/forum/viewtopic.php?f=1&t=3614#p17272 that was my motivation.
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September 18, 2013, 12:11:26 PM
 #168

Ah yes...Tradefortress rhetoric with my morning coffee.  The sweet sounds of defeat.   Grin  I can't believe you have the cojones to even post, as your long term campaign against Ripple gets exposed as the only real scam.  A scam you invented to protect your own closed source, IOU issuing business.  You certainly tried, I'll give you that little guy.  But true innovation can't be stopped by some random haters with mouths full of ignorance and lies.  Have you learned nothing from Bitcoin?

For all of you that listened to this Tradefortress fraud...maybe next time you'll trying researching and thinking for yourselves.  Because to not do so, is exactly how and why the current banking industry keeps a strangle hold on everything and everyone.  Stop being part of the problem...stop being lazy and go read the wiki.  Or...get ready to do what Tradefortress is currently doing, when you miss the bus:



Follow this guy's advice! Do some research on coinseeker Smiley

I take acquiring ripplepay, slapping on a 100% premined XRP is innovation?

It's quite interesting how the only people defending Ripple so far are blatant shills that makes a laughstock of themselves (with the exception of Sukrim).
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September 18, 2013, 12:13:48 PM
 #169

Anyway, "going open source" is too vague, and the OpenCon guy here didn't respond to the actual concerns.

Right now, Ripple is 100% centralized. It's very easy to take it out. Is it going to change?
I suppose you are more genius than Google who invested 200K.  Roll Eyes
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September 18, 2013, 12:14:00 PM
 #170

If you are _that_ dependent on my approval... Roll Eyes

I can understand a certain excitement, once you start claiming that Satoshi is also developing Ripple though you might actually need to take a deep breath, step back from the keyboard and just be happy that XRP gained so much recently, just because Patrick said something on a Bitcoin meetup in NYC that was recorded.
If you say that I harm Ripple, I believe you, I really respect you and yes, that is my definitive decision. Only thing I want to add it that I did a lot of research (two years) about Satoshi and that I mostly wrote about things that already happened in the Ripple World. I thought that it would be good for Bitcoin community to know the truth about Ripple because I was sick of Ripple false accusations: https://ripple.com/forum/viewtopic.php?f=1&t=3614#p17272 that was my motivation.


And Sukrim, also a proof that I don't lie about respecting you, you can see your name on the list Cheesy ----> https://ripple.com/forum/viewtopic.php?f=1&t=3654&start=30#p17636
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September 18, 2013, 12:15:53 PM
 #171

Anyway, "going open source" is too vague, and the OpenCon guy here didn't respond to the actual concerns.

Right now, Ripple is 100% centralized. It's very easy to take it out. Is it going to change?
I suppose you are more genius than Google who invested 200K.  Roll Eyes
Ripple may even have more success than Google Buzz or Google Wave, which they invested tens of millions in minimum each.

Google, much like Zynga, acquired aardvark for $50 million. It was discontinued shortly after. They also acquired Jaiku, which failed and was discontinued shortly after. They also acquired Dodgeball, whose founders left to make Foursqaure, and Dodgeball was discontinued shortly after.

If Google thinks Ripple is great, why did they also fund Buttercoin? Perhaps it's about the evaluation that something may be a profitable investment depending on the conditions that OpenCoin Inc offered.

Start thinking for yourself and evaluating systems yourself instead of blindly following? Too difficult for those who can only reproduce the same point again and again, but that's OK - all they care about is the short term value of XRP, despite what they claim otherwise.
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September 18, 2013, 12:21:27 PM
 #172

Ah yes...Tradefortress rhetoric with my morning coffee.  The sweet sounds of defeat.   Grin  I can't believe you have the cojones to even post, as your long term campaign against Ripple gets exposed as the only real scam.  A scam you invented to protect your own closed source, IOU issuing business.  You certainly tried, I'll give you that little guy.  But true innovation can't be stopped by some random haters with mouths full of ignorance and lies.  Have you learned nothing from Bitcoin?

For all of you that listened to this Tradefortress fraud...maybe next time you'll trying researching and thinking for yourselves.  Because to not do so, is exactly how and why the current banking industry keeps a strangle hold on everything and everyone.  Stop being part of the problem...stop being lazy and go read the wiki.  Or...get ready to do what Tradefortress is currently doing, when you miss the bus:



Follow this guy's advice! Do some research on coinseeker Smiley

I take acquiring ripplepay, slapping on a 100% premined XRP is innovation?

It's quite interesting how the only people defending Ripple so far are blatant shills that makes a laughstock of themselves (with the exception of Sukrim).

That's it...cry it out son.  Everything will be ok.  Grin Grin

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September 18, 2013, 12:29:03 PM
 #173

Anyway, "going open source" is too vague, and the OpenCon guy here didn't respond to the actual concerns.

Right now, Ripple is 100% centralized. It's very easy to take it out. Is it going to change?
I suppose you are more genius than Google who invested 200K.  Roll Eyes
Ripple may even have more success than Google Buzz or Google Wave, which they invested tens of millions in minimum each.

Google, much like Zynga, acquired aardvark for $50 million. It was discontinued shortly after. They also acquired Jaiku, which failed and was discontinued shortly after. They also acquired Dodgeball, whose founders left to make Foursqaure, and Dodgeball was discontinued shortly after.

If Google thinks Ripple is great, why did they also fund Buttercoin? Perhaps it's about the evaluation that something may be a profitable investment depending on the conditions that OpenCoin Inc offered.

Start thinking for yourself and evaluating systems yourself instead of blindly following? Too difficult for those who can only reproduce the same point again and again, but that's OK - all they care about is the short term value of XRP, despite what they claim otherwise.
I know all these you say, in fact it is the same I am suggesting to him : ANYTHING can become huge and profit you tons of money!

So what is the problem people (including you of course) to SPECULATE some funds in this too? I mean come on, I am willing to bet in any shitcoin if I have enough funds to do so. Not extraordinary amounts but you know, something that will make a difference if this goes x1000.

This is what Google do, this is what VC do and this is what I do. You decided yourself not to do so - I judged differently.
Better to follow Google than you sorry.

Mind I am talking only for speculation here and not if Ripple is 'good or bad'.
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September 18, 2013, 12:32:02 PM
 #174

Ethics, emotions, technical analysis don't have much to do with speculative trading and LUCK..
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September 18, 2013, 12:34:29 PM
 #175

Thanks, I commend you for being honest about it Smiley
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September 18, 2013, 12:35:01 PM
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Thanks, I commend you for being honest about it Smiley
Wink
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September 18, 2013, 01:00:49 PM
 #177

wow. all this negative talk about ripple and passionate people defending it is intriguing. to hate a project intensely, then opencoin must doing something to disrupt the disruptors.