Ripple XRP surge open source and ZipZap news!

[clipcoins]

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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[Paleus]

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

[clipcoins]

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.

[Sioux]

So what does the Ripple System improve?

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

[bbit]

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.

[notme]

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.

[bbit]

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.

[Come-from-Beyond]

Interesting, who forced them to release the sources?

[molecular]

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.

[btc4ever]

ripple.    *** yawn ***

[bitcoinBull]

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.

[bbit]

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

[clipcoins]

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 *

[bbit]

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 ?

[clipcoins]

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.

[QuantPlus]

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.

[bbit]

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?

[clipcoins]

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.

[clipcoins]

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.

[bbit]

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.