Ripple

just ripple at this stage. not sure if i trust that coinbase wont be listing them but definitely do not have the cajones to be hodling a big bag.
 
I don't think this is a new lawsuit! But thanks i think it'll be fine and there is plenty of up to come! Well heres hoping :)
 
initially lodged back in september 2017 by r3, ripple have counter sued in the psat few days as there is now $12 billion at stake. my suggestion is to have an exit strategy.
 
Why would ripple do that deal with those banks? 5 billion ripple for nothing able to be cashed in at any point? Now they are trying to get out of their bad deal. Looks like they should easily lose that case.
 
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jerrygold said:
Looks like they should easily lose that case.
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How did you work that out from the news article?

@dozerz, you're coming across as a troll.

I get you don't like it and I get that you don't like it because it's not a decentralised currency. I also get you don't like big corporations you've made that pretty clear in the time you've been on this forum. I get that you don't like corporations because you don't trust their motive. That's all well and good. Misguided but well and good nonetheless.

But why not just accept that XRP provides a completely voluntary alternative to many of the other cryptos out there. XRP Labs is not forcing anyone to buy their coins and the currency holds a lot of potential as a good product for future use, sure it may not be to everyone's taste but so what? Yes it's a corporate crypto, but that in no way delegitimizes it. Maybe it does in the eyes of crypto purists whose principles are being threatened, who cares? There's a lot more important threats out there than a bunch of computer geek's sensitivities.

Move on.
 
Let me see if i have this right.
Phiber posts this thread 08/12/2017 and XRP is sitting around $0.25USD
Almost a month later XRP seems to peak out around $3.65USD.
I personally think Phiber has mis-spelt his name and the correct spelling should be "Prophet".
I hope some here followed his well timed suggestion and in and back out in that time.
Sadly i did not as it was approaching $2.00 USD other wise id have been in.
Edit to add: I missed a 2 in the date ,oops.
 
Question, how will Ripple be used once fully implemented?

From what i understanding unlike Paypal that is a front end service, Ripple will be a backed service. So the Ripple system will be plugged directly into the banks and will assist with transferring funds to different banks around the world.
Once it gets to this level how will the Ripple coin be used? Also since it's being used in this way, the Ripple value will have to be stable to some degree (e.g can't drop 50% in value in a matter of a days), so who stabilises it? Does it work the same as normal currency where central banks buy and sell to keep currencies relatively stable? Also if true does that mean there will be no fixed supply?
 
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@Leo, from what I understand there are 2 systems, the ripple payment system and xrp the crypto coin. How is any coin used in the various systems?
 
mmm....shiney! said:
@Leo, from what I understand there are 2 systems, the ripple payment system and xrp the crypto coin. How is any coin used in the various systems?
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I get that, but since Ripple is in a unique situation from all the other cryptos you can't really look at any others as a reference.

I guess the question I'm really asking is, if i buy XRP how do i know once fully implemented that those XPR will still be used and have value? Why can't the banks just control it from that point so Ripple system can be regulated to their satisfaction. Maybe they can create as much XPR as they want. Maybe the value of XPR is of no concern to them as it's just a means of transferring traditional currencies in a way that can't be altered. (like any other backend system)

I guess these are the question that have to be asked when dealing with a centralised system where the rules can be changed at any time. Very different from the rest of the pack.

Btw I'm not saying it's good or bad. These are just legitimate question i would like to know. So please don't take it as an attack.
 
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