Investing in XRP...

[hayabusa911]

Did I procrastinate and miss the bandwagon?  Would it be a mistake to invest at this point or should I jump on it?
All opinions are welcome! 

[balu2]

don't
it's an anal trust based scam

[canth]

Did I procrastinate and miss the bandwagon?  Would it be a mistake to invest at this point or should I jump on it?
All opinions are welcome! 

Would you trust 2-3 people with the distribution of 90% of the XRP? If you have faith that they'll distribute it fairly and generally do the right thing, then by all means, buy it up.

https://www.ripplelabs.com/xrp-distribution/

[hayabusa911]

Did I procrastinate and miss the bandwagon?  Would it be a mistake to invest at this point or should I jump on it?
All opinions are welcome! 

Would you trust 2-3 people with the distribution of 90% of the XRP? If you have faith that they'll distribute it fairly and generally do the right thing, then by all means, buy it up.

https://www.ripplelabs.com/xrp-distribution/

I'm not looking at a long term investment. I just noticed that they are gaining some momentum lately and wouldn't mind making a few bucks.

[TaunSew]

Ripple has only increased less than 2x since April.  The reason the capitalization is going up is because Gliss is incorrectly listing their available supply.

[hayabusa911]

I guess I'll stay away for now but if you guys are wrong you owe me money! 

[TheWhale]

Did I procrastinate and miss the bandwagon?  Would it be a mistake to invest at this point or should I jump on it?
All opinions are welcome! 

Would you trust 2-3 people with the distribution of 90% of the XRP? If you have faith that they'll distribute it fairly and generally do the right thing, then by all means, buy it up.

https://www.ripplelabs.com/xrp-distribution/

I would rather trust three individuals who are known than one individual who holds ~1M BTC and is anonymous. Laws and common sense prevent the Ripple founders from dumping their allocated XRP, nothing stops Satoshi (since you have no idea who or what he represents - NSA? African drug lord? etc).

[hayabusa911]

Did I procrastinate and miss the bandwagon?  Would it be a mistake to invest at this point or should I jump on it?
All opinions are welcome! 

Would you trust 2-3 people with the distribution of 90% of the XRP? If you have faith that they'll distribute it fairly and generally do the right thing, then by all means, buy it up.

https://www.ripplelabs.com/xrp-distribution/

I would rather trust three individuals who are known than one individual who holds ~1M BTC and is anonymous. Laws and common sense prevent the Ripple founders from dumping their allocated XRP, nothing stops Satoshi (since you have no idea who or what he represents - NSA? African drug lord? etc).

Good point!

[Sukrim]

The reason the capitalization is going up is because Gliss is incorrectly listing their available supply.

As you tend to delete your posts, here's the answer to another, similar post by you that I wrote yesterday:

Ripple capitalization is just heavily manipulated because they have Gliss on coinmarketcap fiddling with the numbers to make it look bigger than it really is.  Remember when Gliss used to accurately report the number of available Ripple Coins?  What made him changed his mind?  Did he receive a Ferrari as a birthday gift?  Possibly..

https://web.archive.org/web/20140611024200/http://coinmarketcap.com/
(8 billion Ripple coins back then compared to 30 billion Ripple coins now)

2 months before that:
http://web.archive.org/web/20140405192501/http://coinmarketcap.com/
~100 billion XRP (just like now, see http://coinmarketcap.com/currencies/views/market-cap-by-total-supply/), compared to ~30 billion XRP not at RippleLabs.

Because of that ("OMG Ripple = evil, so many coins + premine!") Gliss implemented a check for distribution values which scrapes web sites. Ripple Labs first put on their page (https://www.ripplelabs.com/xrp-distribution/) that they owned 80 billion XRP and handed out ~8 billion of these (June: http://web.archive.org/web/20140625224750/https://www.ripplelabs.com/xrp-distribution/), this is what Gliss put on his page. Some time later RippleLabs put on their page that they owned 80 billion XRP of all 100 billion XRP, handed out ~9 billion and don't own ~29 billion of all the XRP (October: http://web.archive.org/web/20141007095332/https://www.ripplelabs.com/xrp-distribution/) - hence the spike in "market cap of coins in circulation".

[Snail2]

Did I procrastinate and miss the bandwagon?  Would it be a mistake to invest at this point or should I jump on it?
All opinions are welcome! 

If you have some spare money maybe it worth to invest some, but I wouldn't expect too much short term profit on it.

[smalltimer]

I would rather trust three individuals who are known than one individual who holds ~1M BTC and is anonymous. Laws and common sense prevent the Ripple founders from dumping their allocated XRP, nothing stops Satoshi (since you have no idea who or what he represents - NSA? African drug lord? etc).

that's a problem of bitcoin, but the conclusion to buy ripple because of that is utter bullshit  

[Sukrim]

Well, I tried to answer Ripple related questions here from time to time, you need a lot of patience and thick skin for that stuff though. I am neither a fan of XRP nor STR, also I do not agree that "Ripple was dead for 1 year", but it definitely was not discussed a lot around here while other decentralized market solutions (Ethereum, NXT, OpenBazaar, whatever NEM actually is...) were usually discussed more. As I can predict answers fairly well when just daring to mention "Ripple", I gave up on that after some time and decided to go for a more passive approach trying to provide at least some info in threads that are usually overrun quickly by trolls.

Also, while Ripple Labs initially tried to market Ripple as the ideal Bitcoin exchange (which it is, imho), the seem to have moved away from the hostility around here and rather target institutions that are more concerned with moving and exchanging money.

Edit:
It really seems like a hard to grasp concept around here that there might be cryptocurrency based solutions out there, that are not first and foremost concerned with how much their internal token is valued and tradeable against BTC.

[Sukrim]

Yeah, it's not ppl like you that are... difficult.

I did/do the exact same thing - got some XRP for free in giveaways, try to work with the tech + understand it better and be happy if my free XRP go up or go down - as long as they are > 0, I got something for free.

[canth]

Did I procrastinate and miss the bandwagon?  Would it be a mistake to invest at this point or should I jump on it?
All opinions are welcome! 

Would you trust 2-3 people with the distribution of 90% of the XRP? If you have faith that they'll distribute it fairly and generally do the right thing, then by all means, buy it up.

https://www.ripplelabs.com/xrp-distribution/

I would rather trust three individuals who are known than one individual who holds ~1M BTC and is anonymous. Laws and common sense prevent the Ripple founders from dumping their allocated XRP, nothing stops Satoshi (since you have no idea who or what he represents - NSA? African drug lord? etc).

Satoshi owns possibly 7% of all the BTC mined so far and less than 5% of the total. Chris Larsen, Arthur Britto and Jed McCaleb still control (mostly Larsen) control over 90% of XRP. Really poor comparison - nice try though!

[flipme]

As this is the altcoin forum, and not the trustless altcoin forum, I can't see your point.
As in the name Alt= Alternative, Coin=payment token. You understood that?

I'd rather trust somebody, than trust a trustless system which delivers proof of its inadequacy as a currency, on every aspect, on a regular basis. We've seen hundreds of millions of worth disappear, not once, but every week something happens to your freak show.

[statdude]

Did something happen or just a classic pump?

[jrmg]

Did something happen or just a classic pump?

Interest know also, I don't find any news behind this pump...? If someone have some information please share

[BayAreaCoins]

I avoid Stellar and XRP.

[Sumo]

Ripple is crashing lol or is it.......

[ItsMeSoLONG]

I can not give more information, but reason is Wolong's team and last warriors. We have buy in last ~6 months. Power is huge.
Stellar and Ripple, both under attack. I hope foundations stop it, for Ripple I know that is possible and they can save all crypto investors moneys now and in future... If 'we' get this moneys we can destroy next even bitcoin. There is still enough time to kill him and 'us'.. I will die for this, but I've been waiting this moment really long.