Ripple vs Bitcoin. Is there competition?

[elinehaarbollen]

I'n my opinion bitcoin has failed as a currency but will be great as a pump and dump ETF toy and a great way to buy hard drugs on the internet.

However Ripple Is already adopted by chinese banks thats why its booming right now.

Soonish Ripple will be the nr 1 crypto currency. But Bitcoin will always be remembered as that innovating cute drugs valuta developed by some criminal.


Does anyone concur?

Source:
-https://www.youtube.com/watch?v=GYJdOiLqSxE
-https://xrptalk.org/topic/4725-chinas-ningbo-bank-to-use-ripple/

[1714785229]

1714785229

[fewcoins]

Nobody cares about Ripple honestly... Slow adaptation by them won't mean anything if bitcoin keeps diving because then the value of ALL crypto coins will be wayyyy less
lol I love how we have all these newbie accounts that care about Bitcoin... seems like a good sign... Once all you shorters cover, I will profit immensely, do the opposite of what everyone is saying & you make money! It really is that simple!!!

[elinehaarbollen]

You don't get the point.

RIPPLE is in another league then Bitcoin.
Ripple is not a anarchist unregulated fail cryptocurrencie.
Its already adopted by multiple banks.
It will have the biggest marketcap because people use it instead of bitcoin..

[elinehaarbollen]

Nobody cares about Ripple honestly... Slow adaptation by them won't mean anything if bitcoin keeps diving because then the value of ALL crypto coins will be wayyyy less
lol I love how we have all these newbie accounts that care about Bitcoin... seems like a good sign... Once all you shorters cover, I will profit immensely, do the opposite of what everyone is saying & you make money! It really is that simple!!!

Indeed , buy Ripple not Bitcoin if you want to make money.
You are the retard bashing bitcoin tills it dead. Now scared of ripple and trying to pump btc.
Shitheads like you destroyed bitcoin.

I'm happy you guys are missing the Ripple train.

[God27]

Every dog has its day...or days...or weeks...or months...

[ParabellumLite]

Weird, but as a fellow XRP user I say: welcome to my ignore list. You reflect badly on the entire XRP community and you are one of those idiots that thinks he can sway market movement by making a few very unconvincing topics. Get lost or better, get banned.

[jaredboice]

So the banks are trying to hype their pet payment platform Ripple.  

Of course the banks are adopting centralized and pre-issued XRP, and of course it's blowing up...
Because they're blowing it up with their own money!!  

Notice too how fewcoins, another local troll, is playing good cop and Devils advocate to OP!
These shills are working together, or possibly the same person

Both are on my ignore list now

[Sakarias-Corporation]

banks just wanna use Ripple so they can control it more and earn more. Bitcoin is freedom.   Ripple is just like any other Fiat. Government Controlled.

[ElectricMucus]

So they banks are trying to hype their pet crypto Ripple. 

Notice too how fewcoins, another local troll, is playing good cop and Devils advocate to OP!
These shills are working together, or better yet likely the same person

Both are on my ignore list now

shills, shilling shills, shilling shills
shilling...

[Seketsuna]

what is Ripple? i think its just another pump pump then dump coin.

[brg444]

USD vs Paypal. Is there competition?

[nauane]

Every dog has its day...or days...or weeks...or months...

I liked the comparison (remembered an anime)
laughing too

[God27]

Every dog has its day...or days...or weeks...or months...

I liked the comparison (remembered an anime)
laughing too

What anime? Bleach, DBZ, DeathNote, Cowboy Bebop?

[rogerdonkey]

i see some people pumping xrp likes manipulation

[nauane]

Every dog has its day...or days...or weeks...or months...

I liked the comparison (remembered an anime)
laughing too

What anime? Bleach, DBZ, DeathNote, Cowboy Bebop?

anime name is dog's days

[ruggedman_dan]

Who is playing in the Ripple bowl this year?

Someone remind me because I forgot.

Oh yeah that's right...that shit doesn't exist.

Ripple shills- sit down and be quiet when BTC takes the national stage on Dec. 26th NC State vs Central Florida

Maybe ripple can sponsor a darts tournament.

[Wandererfromthenorth]

Ripple shills- sit down and be quiet when BTC takes the national stage on Dec. 26th NC State vs Central Florida

...While its price tanks.



People watching the Bowl:

-Damn, I am totally gonna invest in this thing that news called the worst investment of 2014! Sounds great!



Are you serious?

[Melbustus]

In the longrun, the case for bitcoin is as an asset that can be money, but which no one can censor/control. It needs some moderate level of merchant adoption to provide the practical economic link, but it doesn't need to replace fiat as far as everyday purchases go. XRP will never be that uncensorable value-store, since it's not decentralized in the way bitcoin is (see recent stellar/ripple core consensus alg failure).

It's actually because of that non-pure decentralization which will make banks more willing to integrate with Ripple. My intuition right now is that Ripple and Stellar will lean more and more centralized over time (for both political reasons, as well as the unfortunate fact that their consensus algorithm is broken at the core wrt meaningful decentralization), and if they become successful, they will effectively be controlled by a small number of banks who run the major gateways and validating nodes.

Which is fine; XRP and BTC don't compete in the same primary domains, even though some people right now seem to think they do. XRP competes in the domain where you want to hold XRP for just long enough to get a transaction done. If it catches on, it should be a high-velocity (which is inversely proportional to market-cap) pseudo-currency. BTC, though, ultimately competes in the gold market and stored-liquid-wealth domains, which are magnitudes larger than instantaneous high-velocity transactional demand. If you do the math for transactional demand, you get market-caps in the low tens of billions at best; the mcap for currency-as-store-of-wealth work out to hundreds of billions to low trillions (some would argue double-digit trillions).


tldr: Ripple and bitcoin do not ultimately compete because Ripple is not sufficiently decentralized. Total target/potential market-cap for BTC is orders of magnitude higher than for XRP.

[maranello1561]

LOL they laughed at Ripple when it first came down. Guess who's having the last laugh now ... Muhahahahahaha

[crazy_rabbit]

They are different things. One is centralized (more or less) with a dependence on "trusting" gateways. Bitcoin isn't like that. So yes- we're having some hell of a rough time price wise, but look around at the enormous ecosystem of people building their own things and you realize it's a totally different animal.