vipgelsi
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Activity: 1736
Merit: 1001
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September 29, 2014, 02:04:32 AM |
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Ripple is a joke they just printed more like the fed.
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TheWhale
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September 29, 2014, 03:23:15 AM |
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Ripple is a joke they just printed more like the fed.
Nope. There is a fixed amount of XRP just like there is a fixed amount of BTC. #clueless |
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SamWalters
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Activity: 238
Merit: 100
Sam Mother Fuckin' Walters
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September 29, 2014, 03:25:42 AM |
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yep, litecoin community is barely around Ripple is a joke they just printed more like the fed.
Sounds like you didn't read up on what was going on... |
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misterbigg
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Activity: 1064
Merit: 1001
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September 29, 2014, 03:43:17 AM |
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Ripple is a joke they just printed more like the fed.
Just the opposite, all the XRP that can ever exist have already been created, and they are now being destroyed (to pay for transaction fees). Check out: http://www.ripplecharts.com/#/38,357 XRP have been destroyed since Ripple's inception. |
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identtitentti
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Activity: 56
Merit: 0
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September 29, 2014, 04:39:07 AM |
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Ripple is a joke they just printed more like the fed.
Just the opposite, all the XRP that can ever exist have already been created, and they are now being destroyed (to pay for transaction fees). Check out: http://www.ripplecharts.com/#/38,357 XRP have been destroyed since Ripple's inception. Just became aware of that myself too. The main purpose of XRP is to prevent spam. So, when all XRP have been distributed and then destroyed as transaction fees, how is the network supposed to work??? |
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identtitentti
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Activity: 56
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September 29, 2014, 04:44:13 AM |
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Ripple is not a crypto currency /Thread closed.
Agreed to a degree, and I presume the marketcap rise is because the two banks that adopted Ripple needed to buy lots of XRP for transactions etc. In block chain world the definitions and boundaries of "currency", "asset" etc. are not at all clear. |
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ahbritto
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Activity: 132
Merit: 100
Ripple
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September 29, 2014, 04:47:35 AM |
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The main purpose of XRP is to prevent spam. So, when all XRP have been distributed and then destroyed as transaction fees, how is the network supposed to work???
XRP protects the network, acts as a vehicle currency, and funds the development and promotion of the protocol and network. Not all XRP will be destroyed as fees. XRP is, likely, lost more rapidly than it is destroyed due to fees. The fees can be lowered. And like BTC, divisibility makes losses not a concern. XRP is currently divisible to 6 places. Learn more about XRP here: |
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TheMage
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September 29, 2014, 06:03:46 AM |
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The main purpose of XRP is to prevent spam. So, when all XRP have been distributed and then destroyed as transaction fees, how is the network supposed to work???
XRP protects the network, acts as a vehicle currency, and funds the development and promotion of the protocol and network.Not all XRP will be destroyed as fees. XRP is, likely, lost more rapidly than it is destroyed due to fees. The fees can be lowered. And like BTC, divisibility makes losses not a concern. XRP is currently divisible to 6 places. Learn more about XRP here: Simple question, is or is not ripple a currency (A simple yes or no). I want an answer from you directly since you seem directly tied to the ripple project. Trolls need not reply. |
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ahbritto
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Activity: 132
Merit: 100
Ripple
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September 29, 2014, 06:52:45 AM |
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Simple question, is or is not ripple a currency (A simple yes or no). I want an answer from you directly since you seem directly tied to the ripple project. Trolls need not reply.
" XRP is a math-based currency that is native to the Ripple network..." - https://www.ripplelabs.com/xrp-distribution/ |
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profitofthegods
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September 29, 2014, 09:45:01 AM |
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So basically you just make purchases like normal on this card and you can accumulate XRP at no cost and no risk? Sounds like a pretty good deal to me.
Not quite like normal. You can fund the card with BTC, gold, or whatever. I thought this card had to be funded with Euros? That was one of the reasons I didn't get one. |
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CryptoGuu
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September 29, 2014, 09:56:02 AM |
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you guys don't understand that LTC is going down with BTC and going up with BTC. Bitcoin sell off in 3..2..1...
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Nullu
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September 29, 2014, 10:11:07 AM |
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The very idea of Ripple just disturbs me on so many levels. Overcomplicated, centralised, and it's not a cryptocurrency.
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BTC - 14kYyhhWZwSJFHAjNTtyhRVSu157nE92gF
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newflesh
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September 29, 2014, 10:21:32 AM |
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i never got into ripple i heard and read alot of negative things
You'd be correct. Ripple is a centralized turd of a 'currency'. It goes against everything bitcoin stands for, no way in hell I'd even consider buying into this shitcoin. |
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ahbritto
Full Member
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Activity: 132
Merit: 100
Ripple
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September 29, 2014, 10:31:25 AM |
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I thought this card had to be funded with Euros? That was one of the reasons I didn't get one.
The cornerstone of Ripple is currency choice. Senders can spend whatever currency they want and receivers can receive whatever currency they want. Some so-called libertarians don't want currency choice. They want everyone to be forced to use a single currency. |
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noma
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September 29, 2014, 02:04:11 PM |
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I hardly see Ripple on any exchanges. WHat exchnages can you trde btc for ripple?
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newuser01
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September 29, 2014, 02:08:15 PM |
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Is it true that if I buy XRP they can be taken from me without my consent? not by anyone but by the owners of Ripple
meaning that it is not decentralized and you don't really own any XRP.. you only share them with the owners and trust that they will not take them back?
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profitofthegods
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September 29, 2014, 02:10:32 PM |
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I hardly see Ripple on any exchanges. WHat exchnages can you trde btc for ripple?
Justcoin, Kraken, Poloniex, The Rock Trading, RippleFox, Coinex.nz, and others. Is it true that if I buy XRP they can be taken from me without my consent? not by anyone but by the owners of Ripple
meaning that it is not decentralized and you don't really own any XRP.. you only share them with the owners and trust that they will not take them back?
No, that is not true. |
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xmasdobo
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September 29, 2014, 02:40:50 PM |
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Who could trust Ripple after the big sellout from a dev incident? I wouldn't touch this coin with a stick, and im not touching LTC neither, both doomedcoins.
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bibbit
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Activity: 58
Merit: 0
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September 30, 2014, 05:15:18 AM |
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Is it true that if I buy XRP they can be taken from me without my consent? not by anyone but by the owners of Ripple
meaning that it is not decentralized and you don't really own any XRP.. you only share them with the owners and trust that they will not take them back?
No, that is not true. XRP is a crypto currency, and you need an account's secret crypto key to do anything with the XRP held by that account. The validator network validates the cryptographic signatures on transactions and only accepts those that are properly signed with the correct keys. |
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newuser01
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September 30, 2014, 10:31:51 AM |
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Is it true that if I buy XRP they can be taken from me without my consent? not by anyone but by the owners of Ripple
meaning that it is not decentralized and you don't really own any XRP.. you only share them with the owners and trust that they will not take them back?
No, that is not true. XRP is a crypto currency, and you need an account's secret crypto key to do anything with the XRP held by that account. The validator network validates the cryptographic signatures on transactions and only accepts those that are properly signed with the correct keys. What about this? https://wiki.ripple.com/FreezeI wouldn't say you own XRP's if someone else can freeze them.. |
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