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Invest in XRP now (ripple)
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2017-12-14 at 5:24 AM UTC
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2017-12-14 at 6:50 AM UTC
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2017-12-14 at 6:52 AM UTC
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2017-12-14 at 6:53 AM UTCChicken bullion?
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2017-12-14 at 6:55 AM UTCgold is heavier but I'll keep chicken as a fallbackThe following users say it would be alright if the author of this post didn't die in a fire!
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2017-12-14 at 7:17 AM UTC
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2017-12-14 at 9:05 AM UTC
Originally posted by 哈哈你看不懂中文 There is very good reason to believe this will be the next coin to shoot up, like for instance, its steady blockchain tech that makes it desirable for banks and big businesses.
What exactly is this "steady blockchain technology" that ripple has that other cryptocurrencies don't, and what about it makes it even remotely desirable for banks or big businesses? Distributed currency is like the opposite of what's desirable for banks. -
2017-12-14 at 10:35 AM UTCwow stop spreading fud u mad cus u dident buyed lol lolThe following users say it would be alright if the author of this post didn't die in a fire!
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2017-12-14 at 1:59 PM UTC62 cents. 20% profit already for me.
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2017-12-14 at 2:08 PM UTC
Originally posted by Lanny What exactly is this "steady blockchain technology" that ripple has that other cryptocurrencies don't, and what about it makes it even remotely desirable for banks or big businesses? Distributed currency is like the opposite of what's desirable for banks.
Because instead of having anonymous users in its chain, it has banks that are connected through ripple. The benefit for banks is having transactions done in seconds rather than hours or sometimes days. Right now bank wires take a long time because banks have to communicate with whatever bank it happens to be working with. Bitcoin got around this, but now that it is so heavily trafficked you have situations like you do now where a transaction can take most of your day. Xrp will never have this. It's also obviously way more trustworthy from a bank's perspective. -
2017-12-14 at 5:43 PM UTCThis morning I put in enough to bring my hold in xrp to 250 @ 0.70. Only a dime raise and I'm at 280. Had I been able to put it in yesterday I'd be at what, like ~450? I don't know. I can't do math with all these one dollar bills in my eyes.
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2017-12-14 at 6:39 PM UTC
Originally posted by 哈哈你看不懂中文 Because instead of having anonymous users in its chain, it has banks that are connected through ripple. The benefit for banks is having transactions done in seconds rather than hours or sometimes days.
Wait, so the only permitted network participants are banks or equivalent FIs? That's not what "decentralization" means...Right now bank wires take a long time because banks have to communicate with whatever bank it happens to be working with. Bitcoin got around this, but now that it is so heavily trafficked you have situations like you do now where a transaction can take most of your day. Xrp will never have this. It's also obviously way more trustworthy from a bank's perspective.
Why do you think wires are slow? It's not the direct communication that causes them to be slow, AHC has been around since forever and is slow as dick. Introducing a broker or a janky cryptoscheme working as a non-reversible broker (note that banks have never asked for that property, it's only necessary for decentralized systems and Nakamoto had a hardon for it so everyone talks about it like it's good now) in the middle doesn't fix this.
I'm not seeing what XRP has going for it over consortium solutions ala Zelle. -
2017-12-14 at 6:55 PM UTC
Originally posted by Lanny Wait, so the only permitted network participants are banks or equivalent FIs? That's not what "decentralization" means…
Why do you think wires are slow? It's not the direct communication that causes them to be slow, AHC has been around since forever and is slow as dick. Introducing a broker or a janky cryptoscheme working as a non-reversible broker (note that banks have never asked for that property, it's only necessary for decentralized systems and Nakamoto had a hardon for it so everyone talks about it like it's good now) in the middle doesn't fix this.
I'm not seeing what XRP has going for it over consortium solutions ala Zelle.
hey lanny, if your so smart why dont you teach us how to make money while we sleep ????
and not using any of our orifices for that purpose. -
2017-12-14 at 7:13 PM UTC
Originally posted by Lanny Wait, so the only permitted network participants are banks or equivalent FIs? That's not what "decentralization" means…
Why do you think wires are slow? It's not the direct communication that causes them to be slow, AHC has been around since forever and is slow as dick. Introducing a broker or a janky cryptoscheme working as a non-reversible broker (note that banks have never asked for that property, it's only necessary for decentralized systems and Nakamoto had a hardon for it so everyone talks about it like it's good now) in the middle doesn't fix this.
I'm not seeing what XRP has going for it over consortium solutions ala Zelle.
Ripple is different. It isn't decentralized. Aldra was 100% on the ongoing jediry. But it's $$$, and promising money at that. As of just now, xrp is at 0.89. My $250 investment is up $80 right now.
I'm not going to pretend to know all about ACH, but from my understanding it's got a slow system that needs a large investment to catch up, and up till now it hasn't really had any competition. It still doesn't (yet) but ripple is backed by Google and AMEX. You're talking three seconds over what is sometimes days.
You also need to understand that there are two things at play here, Ripple and XRP. Ripple is the company, but they also have a Ripple Connect system (which is what banks would use.) This isn't tied to XRP directly, the banks are not transferring with XRP, but it does have an effect as is evident by the rise and fall with every new business deal done by Ripple.
Tomorrow morning Ripple is going to be on a major news network in Japan, they're going to show how it works. Today it shot up to third place in crypto market caps. In order, that is: Bitcoin, Ethereum, and XRP. I honestly don't know how much more obvious it could be that this is about to soar. Three days ago it was at a quarter and now it has more than tripled.
Post last edited by 哈哈你看不懂中文 at 2017-12-14T19:20:39.082608+00:00 -
2017-12-14 at 7:15 PM UTC
Originally posted by benny vader hey lanny, if your so smart why dont you teach us how to make money while we sleep ????
and not using any of our orifices for that purpose.
Well a low-cost index fund is usually pretty good consumer investing advice. It's never going to sky rocket the way bitcoin has but it's not going to plunge in the same way either.
It's worth pointing out that I'm not saying XRP isn't going to become more valuable or that it's going to drop in value. I'm saying it has no technical value proposition as far as I can tell. Ponzi schemes can make you money too if you jump in at the right time. My only point is that XRP doesn't, in practice, represent anything new in the financial industry and there's no real reason for adoption beyond hype, which this thread is a demonstration of. -
2017-12-14 at 7:22 PM UTCTo clarify, you don't think that banks being able to internationally wire in matters of seconds rather than hours or days is valuable or new?
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2017-12-14 at 7:22 PM UTC
Originally posted by 哈哈你看不懂中文 Ripple is different. It isn't decentralized. Aldra was 100% on the ongoing jediry. But it's $$$, and promising money at that. As of just now, xrp is at 0.89. My $250 investment is up $80 right now.
And that's fair. I mean again, see the ponzi scheme thing. If you have a way to know when a thing is going up and when it's going to eat shit then the underlying value proposition of the investment is totally meaningless. With the recent crypto hype it's a reasonable gamble that every crypto currency is going to go up. But at some point they're not, so the game is to jump ship before that point. I sincerely wish you the best of luck in making money and cashing out at the appropriate time.I'm not going to pretend to know all about ACH, but from my understanding it's got a slow system that needs a large investment to catch up, and up till now it hasn't really had any competition. It still doesn't (yet) but ripple is backed by Google and AMEX. You're talking three seconds over what is sometimes days.
And that's a reasonable position, AHC is a terrifying and byzantine thing. But my point is that it's not like every major bank was walking down the street and met the AHC spokesperson and decided that's what we were all going to do over lunch. Systems that serve the financial industry grow to become slow, with tremendous bureaucracy and warts and a certain degree of inefficiency because that's what the FI does to systems. Inherently, to achieve adoption, systems acquire these qualities. -
2017-12-14 at 7:27 PM UTC
Originally posted by 哈哈你看不懂中文 To clarify, you don't think that banks being able to internationally wire in matters of seconds rather than hours or days is valuable or new?
International wires with low cost and high speed guaranteed by your FI is both new and valuable but that's not what Ripple is because it hasn't been adopted by your FI. You could do international transfers with low cost and high speed with a myriad of other CCs or low and sorta expensive when guaranteed by your FI.
Ripple would have an advantage if it achieved adoption. But then broker solutions would too, probably greater advantages in the form of reversibility.
For domestic wires the consortium solution already exists so Ripple isn't even a contender, at least not in US markets -
2017-12-14 at 7:50 PM UTC
Originally posted by Lanny Well a low-cost index fund is usually pretty good consumer investing advice. It's never going to sky rocket the way bitcoin has but it's not going to plunge in the same way either.
It's worth pointing out that I'm not saying XRP isn't going to become more valuable or that it's going to drop in value. I'm saying it has no technical value proposition as far as I can tell. Ponzi schemes can make you money too if you jump in at the right time. My only point is that XRP doesn't, in practice, represent anything new in the financial industry and there's no real reason for adoption beyond hype, which this thread is a demonstration of.
yea .. i kno. the only thing that will make any difference in these money games, these ''investments'' is knowing the time to get in and out.
someone as intelligent as you should have no problem of figuring this out. -
2017-12-14 at 8:01 PM UTC
Originally posted by Lanny International wires with low cost and high speed guaranteed by your FI is both new and valuable but that's not what Ripple is because it hasn't been adopted by your FI. You could do international transfers with low cost and high speed with a myriad of other CCs or low and sorta expensive when guaranteed by your FI.
Ripple would have an advantage if it achieved adoption. But then broker solutions would too, probably greater advantages in the form of reversibility.
For domestic wires the consortium solution already exists so Ripple isn't even a contender, at least not in US markets
It doesn't really need to be a big contender for XRP to rise.
