Ripple Takes Off

[Pokerface]

The cryptocurrency Ripple has taken off in the past week reaching $2.44 at time of writing this and now the second most valuable cryptocurrency by market capitalization passing Ethereum. The increase is in part as a result of three of Japans largest credit card companies agree to use it.

To read more: https://www.ft.com/content/2f595696-...7-521324c81e23

[sweetbet]

It surely has taken off. I wonder how high it will climb and what the new floor will be.

[Cash Bonus]

The cryptocurrency Ripple has taken off in the past week reaching $2.44 at time of writing this and now the second most valuable cryptocurrency by market capitalization passing Ethereum. The increase is in part as a result of three of Japans largest credit card companies agree to use it.

To read more: https://www.ft.com/content/2f595696-...7-521324c81e23

Hi Pokerface,

Thanks for the web link regarding this new cryptocurrency. Yeah, this should definitely be really interesting to watch


Sherlock, what's your take on this please?

[wonderpunter]

i actually brought a few thousand of them the other day.. would of been nice to get in at sub 1c

[Sherlock]

I have no idea what is happening in Korea. I do not know whether coinbase (which should list XRP) is so big news.

XRP is for sure one of the worst blockchains in terms of security. It is still extremely centralized, but they have a good team of devs and marketing. They work like a corporation, which is a hard hit to cryptoanarchist pride. Also is not certain what exactly they are selling and why even it should have value.

I am no longer telling XRP or any other shitcoin is a nonsense. I am trying to understand what is going on with cryptoeconomy and economy, because this is really wild.

[Cash Bonus]

I have no idea what is happening in Korea. I do not know whether coinbase (which should list XRP) is so big news.

XRP is for sure one of the worst blockchains in terms of security. It is still extremely centralized, but they have a good team of devs and marketing. They work like a corporation, which is a hard hit to cryptoanarchist pride. Also is not certain what exactly they are selling and why even it should have value.

I am no longer telling XRP or any other shitcoin is a nonsense. I am trying to understand what is going on with cryptoeconomy and economy, because this is really wild.

It's really amazing just how much these Cryptocurrencies are expanding and rising so rapidly throughout the world. I appreciate your insight.

[WBM]

managed to scoop myself 14'000 @ $0.12 and a further 6000 @ $0.23

XRP is going to explode .. aint seen nothing yet

[Progger]

Where i can buy ripple ? Let me waste some money

[WBM]

Few options
Use a site like cryptomate.co.uk ( I'm launching a competing service very very shortly )

Or create an account at Coinbase.com
Buy BTC
Create an account at somewhere like Poloniex
Transfer BTC to Poloniex address
exchange BTC for Ripple

Its a very drawn out process and the new service when I launch will make it extremely easy to purchase various crypto currency in USD / EUR & GBP in 1 location

[WBM]

I was lucky enough to get in pre $0.25
Its been given green light by the Hong Kong banks when other banks fully integrate it, holy cow !
Easy $5 per xrp by end of March 2018 !

i actually brought a few thousand of them the other day.. would of been nice to get in at sub 1c

[WBM]

You need to understand the tech behind it
Compared to SWIFT which can process 150 transactions per second Ripple Technology can process at least 1500 per second at a fraction of the cost !
They say ripple could scale up to over 10'000 transactions per second which would be immense and at that point bye bye SWIFT !

I have no idea what is happening in Korea. I do not know whether coinbase (which should list XRP) is so big news.

XRP is for sure one of the worst blockchains in terms of security. It is still extremely centralized, but they have a good team of devs and marketing. They work like a corporation, which is a hard hit to cryptoanarchist pride. Also is not certain what exactly they are selling and why even it should have value.

I am no longer telling XRP or any other shitcoin is a nonsense. I am trying to understand what is going on with cryptoeconomy and economy, because this is really wild.

[Cash Bonus]

You need to understand the tech behind it
Compared to SWIFT which can process 150 transactions per second Ripple Technology can process at least 1500 per second at a fraction of the cost !
They say ripple could scale up to over 10'000 transactions per second which would be immense and at that point bye bye SWIFT !

You're absolutely right! Yes, all of these new Cryptocurrencies along with our ever so advanced technology which is also rapidly improving everyday, will give rise to so many more awesome Cryptocurrencies to come out in the very near future!

[Sherlock]

You need to understand the tech behind it
Compared to SWIFT which can process 150 transactions per second Ripple Technology can process at least 1500 per second at a fraction of the cost !
They say ripple could scale up to over 10'000 transactions per second which would be immense and at that point bye bye SWIFT !

Yes, I would like to understand the tech. There are plenty of blockchains that can process 1.5K tx/sec. It is easy to do. Bitcore is just bitcoin with changed parameters. It can scale 2,5 (avg block time in mins) x 20 (MB blocks) better than BTC, which has 7tx/sec. That is 350 tx/sec. But you can play with parameters. Digibyte has block each 15 secs. BCH team is experimenting with 1GB blocks.

It is possible that at fiverr you can get someone today who will make you blockchain that is scaling better than XRP.

And the SQL database will make even more transactions per second.

But changing the parameters does not come at no cost. That is the issue here. What is the cost by Ripple? Why there are probably just 5 trusted nodes, all run by Ripple corp?

There must/should be other things behind ripple than tx/s. I do not want to play the game where I am the hater now and you are the fanboy. I want to understand better.

I have registered at XRP forum the day it started. It (sadly) never convinced me to put money into it.

[Pokerface]

Would've been great to get in on that level too. Who knew a few years ago, or even a few months ago what would be happening with these currencies. Although I have a variety of crypocurrencies I realize that they could be wiped out tomorrow, hopefully not. If your prediction of $5 by the end 2018 comes true that is a nice profit for you.

[Cash Bonus]

Would've been great to get in on that level too. Who knew a few years ago, or even a few months ago what would be happening with these currencies. Although I have a variety of crypocurrencies I realize that they could be wiped out tomorrow, hopefully not. If your prediction of $5 by the end 2018 comes true that is a nice profit for you.

Let's all hope so on this one

[COPCapo]

You need to understand the tech behind it
Compared to SWIFT which can process 150 transactions per second Ripple Technology can process at least 1500 per second at a fraction of the cost !
They say ripple could scale up to over 10'000 transactions per second which would be immense and at that point bye bye SWIFT !

the company behind ripple has different services which has nothing to do with the coin itselfs !!~

They can also swamp the market with coins if they like as they hold most of them by themself ... im not sure if i should buy

[Progger]

i was on the way to buy some coins...but i dont do - dont ask me why..maybe i lose now some millions - who knows

Ripple drop from 2,25 to 1,00 https://www.finanzen.net/devisen/ripple-euro-kurs

[PromoteCasino]

Ripple drop from 2,25 to 1,00

Maybe at that price it is worth taking a chance.

[PlayHunter]

I glanced a bit at the title and this thread, and just want to point you all that XRP is not Ripple ! Yes, XRP is a Ripple product (and is called xRapid which tries to compete with SWIFT), but one which as of now present the least interest from banks (out of 100 worldwide banks dabbling with Ripple, only a Mexican one uses XRP). I would say that if anyone wholeheartedly do believes in XRP, that person should also equally invest in Stellar Lumens (XLM) too.

If curious for more details, here is a link from HackerNoon: https://hackernoon.com/4-alarming-reasons-ripple-might-not-be-what-you-think-9debc3c86985

[universal4]

Thanks playhunter, one of the interesting quotes from that article was

Will SWIFT develop their own blockchain? Harry Newman, SWIFT’s global head of banking seems unphased. He looks at blockchain as simply a new technology which can be integrated into their existing systems if the benefits outweigh the cons.

“If it makes sense to build it into our global payments innovation offering over the next few years then we will. That is why I don’t see this as a disruption. I see these as constructive technologies that can be examined and adopted and used.”

I tend to agree with this conclusion, but am interested in how others feel about it.

In this process, SWIFT, a 45 year old group that has been evolving with technology over that time, needs to fail to offer a competitive product to Ripple and lose their entire market share. Also R3 and other startups breaking into this space have to fail too.

Rick
Universal4