ABN Amro has no interest in Bitcoin

[Eamorr]

http://www.coindesk.com/top-dutch-banks-confirm-blockchain-experiments/

No interest "in using bitcoin directly – either its currency or network"

"Dutch banks won't actually be using bitcoin themselves in any way"

and they regard Bitcoin as a "high integrity risk".

"It is absolutely out of the question that these banks will transfer money over the actual bitcoin blockchain out of reach from the Dutch central bank."

However, and most interestingly, they are "interested in experimenting with the Ripple payments network".

Very interesting times ahead.

[1713256886]

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[1713256886]

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[1713256886]

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[tokeweed]

i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.



stay away from xrp for now.

[findftp]

http://www.coindesk.com/top-dutch-banks-confirm-blockchain-experiments/

No interest "in using bitcoin directly – either its currency or network"

"Dutch banks won't actually be using bitcoin themselves in any way"

and they regard Bitcoin as a "high integrity risk".

"It is absolutely out of the question that these banks will transfer money over the actual bitcoin blockchain out of reach from the Dutch central bank."

However, and most interestingly, they are "interested in experimenting with the Ripple payments network".

Very interesting times ahead.

Banks will always try to rip you off. I don't believe anything they say.
Months ago Rabobank had an ethical comission stop fiat transfers to bitcoin exchanges, weeks ago they announced they were experimenting with bitcoin, the opposite.
They lie, and they continue lying in the future.

But hey, they might be right about not doing business with bitcoin, because they also don't really do/did business with physical gold.
They hate stuff they can't manipulate.

stay away from xrp for now ever.

there, fixed it.

[Aswan]

However, and most interestingly, they are "interested in experimenting with the Ripple payments network".

Sure, it's centralized and they know they can force the people who have control over Ripple to do whatever they want, if necessary they just send them to jail and take over the whole thing...


More decentralization is the only solution to all this.

[Eamorr]

i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.



stay away from xrp for now.

XRP is very high risk. Everyone knows this.

But why did you choose XRP/USD?

XRP, being a crypto currency, is very strongly tied to BTC.

I suggest you look at the XRP/BTC price graph (properly zeroed). There you will see demonstrable price resilience.

Interestingly, in my view, is the market cap resiliance of XRP.

Most interesting of all is the market cap ratio XRP:BTC. It's about 1:5 or 1:6 now.

ABN and others are watching very closely. So should you.

[tokeweed]

i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.



stay away from xrp for now.

XRP is very high risk. Everyone knows this.

But why did you choose XRP price in USD?

XRP, being a crypto currency, is very strongly tied to BTC.

I suggest you look at the XRP in BTC price graph (properly zeroed)

Interestingly, in my view is the market cap of XRP.

Most likely interestingly of all is the market cap ratio XRP:BTC. It's about 1:5 or 1:6 now.

ABN and others are watching very closely. So should you.

because the only reason xrp is holding it's value against btc is because btc is going down by a lot itself.  

and of course we should be watching, but i wouldn't recommend that people buy right now. 

[Eamorr]

i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.



stay away from xrp for now.

XRP is very high risk. Everyone knows this.

But why did you choose XRP price in USD?

XRP, being a crypto currency, is very strongly tied to BTC.

I suggest you look at the XRP in BTC price graph (properly zeroed)

Interestingly, in my view is the market cap of XRP.

Most likely interestingly of all is the market cap ratio XRP:BTC. It's about 1:5 or 1:6 now.

ABN and others are watching very closely. So should you.

because the only reason xrp is holding it's value against btc is because btc is going down by a lot itself. 

Analyse what's going on.

All I'm saying is that XRP is showing signs of resilience.

Make of that what you will.

[Eamorr]

i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.



stay away from xrp for now.

XRP is very high risk. Everyone knows this.

But why did you choose XRP price in USD?

XRP, being a crypto currency, is very strongly tied to BTC.

I suggest you look at the XRP in BTC price graph (properly zeroed)

Interestingly, in my view is the market cap of XRP.

Most likely interestingly of all is the market cap ratio XRP:BTC. It's about 1:5 or 1:6 now.

ABN and others are watching very closely. So should you.

because the only reason xrp is holding it's value against btc is because btc is going down by a lot itself.  

and of course we should be watching, but i wouldn't recommend that people buy right now. 

Nobody should be recommending anything.

We can watch the data and comment though.

[tokeweed]

i like ripple, and good news (please keep in mind that news is from december 3, 2013).  but let's prevent people from losing any btc and/or fiat because xrp is going down right now.  they will only hate ripple if they lose money.



stay away from xrp for now.

XRP is very high risk. Everyone knows this.

But why did you choose XRP price in USD?

XRP, being a crypto currency, is very strongly tied to BTC.

I suggest you look at the XRP in BTC price graph (properly zeroed)

Interestingly, in my view is the market cap of XRP.

Most likely interestingly of all is the market cap ratio XRP:BTC. It's about 1:5 or 1:6 now.

ABN and others are watching very closely. So should you.

because the only reason xrp is holding it's value against btc is because btc is going down by a lot itself. 

Analyse what's going on.

All I'm saying is that XRP is showing signs of resilience.

Make of that what you will.

ok. but i still wouldn't recommend that people buy right now. just be in the sidelines for now to be safe.

[tokeweed]

and remember, xrp went up by a lot.  so be careful.

[Q7]

http://www.coindesk.com/top-dutch-banks-confirm-blockchain-experiments/

No interest "in using bitcoin directly – either its currency or network"

"Dutch banks won't actually be using bitcoin themselves in any way"

and they regard Bitcoin as a "high integrity risk".

"It is absolutely out of the question that these banks will transfer money over the actual bitcoin blockchain out of reach from the Dutch central bank."

However, and most interestingly, they are "interested in experimenting with the Ripple payments network".

Very interesting times ahead.

They won't be using bitcoin for sure. All bank looks towards bitcoin as the biggest threat because they can't control it and thus means their business is at risk. Imagine more and more people using cryptos and they will have less fees to collect.

[LiteCoinGuy]

Published on December 3, 2014 at 18:15 GMT

 


And a spanish bank funded a bitcoin company. whats your point? ripple-scam?

[Eamorr]

Published on December 3, 2014 at 18:15 GMT

 


And a spanish bank funded a bitcoin company. whats your point? ripple-scam?

A local bank manager of a Spanish bank authorised a secured loan to a guy with a Bitcoin company. So what?

Comparing this to a major bank talking about adopting XRP into its mission-critical banking systems is like comparing a toy aeroplane to a 747.

[BlindMayorBitcorn]

Ahem. Ripple is still shit

[Eamorr]

Ahem. Ripple is still shit

Thanks for for that contribution.

[freequant]

Tokeweek is right. Although you are going to hear more and more about Ripple in the coming months as it makes it into mainstream at institutionnal level, it doesn't necessarily mean that the price of XRP is going to go up short term since a large part of the money supply is still held in reserve and could be used to suppress the price. Ripple is something worth keeping a tab on though, and definitely something worth using for currency exchange and transfers.

[Elwar]

How much of Ripple was pre-mined?

[freequant]

How much of Ripple was pre-mined?

Ripple isn't mined at all, it's entirely been allocated at inception and distributed by giveaway / subsidy / founder share / work-for-equity / cash-for-equity. It works exactly the same way as classic tech companies after they have gone pubilc: their equity has already been allocated but you can trade their shares on exchanges and become a shareholder. Ripple is more of a DAC than a currency. Total supply is 100B XRP.

[Lauda]

How much of Ripple was pre-mined?

Ripple isn't mined at all, it's entirely been allocated at inception and distributed by giveaway / subsidy / founder share / work-for-equity / cash-for-equity. It works exactly the same way as classic tech companies after they have gone pubilc: their equity has already been allocated but you can trade their shares on exchanges and become a shareholder. Ripple is more of a DAC than a currency. Total supply is 100B XRP.

You should know what he meant.

How much did the creators take for themselves? The answer is: a lot.

[freequant]

How much of Ripple was pre-mined?

Ripple isn't mined at all, it's entirely been allocated at inception and distributed by giveaway / subsidy / founder share / work-for-equity / cash-for-equity. It works exactly the same way as classic tech companies after they have gone pubilc: their equity has already been allocated but you can trade their shares on exchanges and become a shareholder. Ripple is more of a DAC than a currency. Total supply is 100B XRP.

You should know what he meant.

How much did the creators take for themselves? The answer is: a lot.

20%. Sounds like a lot, but I think it's a pretty standard founder share for tech companies. Facebook, Google, Paypal and the like have much larger founder shares.