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Ripple fully funded every live DonorsChoose classroom project yesterday

donorschoose.org

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Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#101
post #41

Earlier quoted context omitted.

The only reason Ripple is worth anything is because of PR to convince the world that a wholly premined coin that isn't even necessary to use the Ripple network holds any value at all. So... a $29 million PR move to boost a $22 billion PR move?

Well so if the coin is totally useless, then at least funding charities with it is about as good as it gets right?

It's like taking a loan using magic beans as collateral.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#102

Earlier quoted context omitted.

They were pre-mined but the supply is infinite, as I understand there is nothing preventing them from creating more at any point.

The supply isn't infinite, and they won't create more.

Is the reason they won't create more technical or philosophical? I don't know enough about Ripple.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#103

$29M worth of XRP going to a good cause. Great, cash out and make good use of it. The cynic in me sees this as a cheap PR move (an SVP of marketing promoting it doesn't help). Associating your token with a good cause gives it credibility in the eyes of the public which in turn leads to an increase in the XRP price in USD. Here's what I understand about ripple: - 100 billion XRP was created at inception with 20 billio…

The only reason Ripple is worth anything is because of PR to convince the world that a wholly premined coin that isn't even necessary to use the Ripple network holds any value at all. So... a $29 million PR move to boost a $22 billion PR move?

It is impossible to mine ripple and it's cheaper to use Xrapid when making settlements, making XRP not neccesary but incentivized.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#104

$29M worth of XRP going to a good cause. Great, cash out and make good use of it. The cynic in me sees this as a cheap PR move (an SVP of marketing promoting it doesn't help). Associating your token with a good cause gives it credibility in the eyes of the public which in turn leads to an increase in the XRP price in USD. Here's what I understand about ripple: - 100 billion XRP was created at inception with 20 billio…

That is incorrect, Ripple committed to place 55 billion XRP (88% of its XRP holdings) into a cryptographically-secured escrow. You can read about it on Wikipedia.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#105

Earlier quoted context omitted.

They were pre-mined but the supply is infinite, as I understand there is nothing preventing them from creating more at any point.

The supply isn't infinite, and they won't create more.

But they could, nothing in the tech is stopping them from creating more.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#106

Earlier quoted context omitted.

The supply isn't infinite, and they won't create more.

Is the reason they won't create more technical or philosophical? I don't know enough about Ripple.

It would require a change to the protocol

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#107
post #59

Earlier quoted context omitted.

> Propaganda mostly from the Republican party has convinced a great deal of people that Education is a waste of money. That's a misrepresentation. Plenty of them some care very much about fixing education and funding it. Just the kind the find most effective: https://www.youtube.com/watch?v=H0Zh96wc01k The difference, as the video mentions, is that they always gets attacked as being 'anti-education', depsite intentio…

> The difference, as the video mentions, is that they always gets attacked as being 'anti-education' That would be partly because it is true http://www.people-press.org/2017/07/10/sharp-partisan-divisi... ('Republicans increasingly say colleges have negative impact on U.S.') And its not helped by the fact that much of the GOP is apparent anti-science, and anti expertise https://www.huffingtonpost.co.uk/entry/american…

Got any more Huffington Post "web based surveys" to educate me on the merits of conservative ideology? That was so enthralling...

I find it hilarious how often US Democrats want to use the lowest common denominator, with their half-baked grasp of politics, economics, science, history, etc, to define their party's credibility (and to be clear I'm far from either American democrat or republican). As if the intelligence of the entire voting base (or whom either group decided to convince to vote for them) defines the merits of the ideology behind 0.0001% of the population who reside in congress, senate, and the white house.

Personally I'd rather seek out the intellectuals from either side (for ex: [1]), but also ideas from outside the two main left/right groups, and also from historical ideologies... and then decide what is best for society from that. And from there try to influence particular parties to adhere to the most rational and ideal ideas.

If /r/politics is any indication, the more people you have the dumber the conversations gets. It went from "somewhat annoying political tribalism" on Reddit to completely unbearable inane echo-chamber debates as it scaled up to millions of people. And these same people STILL think they are superior to 24/7 news media talking heads, which is the channel which most influences the wider population.

Is this the means from which we should determine the merits of particular political ideologies?

But by all means, let the opinions of the lowest common denominator, web surveys, and shamelessly biased 'news' websites like Huffington Post be your guiding voice on what's best. I'd personally rather not...

[1] https://www.amazon.com/Fools-Frauds-Firebrands-Thinkers-Left...

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#108

Earlier quoted context omitted.

The supply isn't infinite, and they won't create more.

Is the reason they won't create more technical or philosophical? I don't know enough about Ripple.

Its both. They won't create more for philosophical reasons because the value would plummet. They won't create more for technical reasons because it needs an 80% majority of nodes to approve a change for it to occur.

Some people will tell you they control the validating nodes, but thats only really a half truth. Ripple controls 3 out of 50+ nodes, and also controls the default list of approved validator nodes. There's no reason why you can't deviate from the default list of validators, but its hard to say if anyone actually does in practice.

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#109
post #107

Earlier quoted context omitted.

> The difference, as the video mentions, is that they always gets attacked as being 'anti-education' That would be partly because it is true http://www.people-press.org/2017/07/10/sharp-partisan-divisi... ('Republicans increasingly say colleges have negative impact on U.S.') And its not helped by the fact that much of the GOP is apparent anti-science, and anti expertise https://www.huffingtonpost.co.uk/entry/american…

Got any more Huffington Post "web based surveys" to educate me on the merits of conservative ideology? That was so enthralling... I find it hilarious how often US Democrats want to use the lowest common denominator, with their half-baked grasp of politics, economics, science, history, etc, to define their party's credibility (and to be clear I'm far from either American democrat or republican). As if the intelligence…

Well that was a bit ranty and doesn’t really address the issue. If you don’t like YouGov, would you prefer https://scholars.unh.edu/cgi/viewcontent.cgi?article=1251&co...

Re: Ripple fully funded every live DonorsChoose classroom project yesterday

#110
post #45
post #18

Earlier quoted context omitted.

Billions of USD in digital coins they themselves created, right? So this $29M came from the shareholders, or from the coin-holders?

It comes from whoever will buy the coins, presumably.

So the same people who could potentially be victims of fraud will now be recovering their investment from school children. Keeping it classy, crypto.
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