51–60 of 75 posts
Why exactly did Ripple start going up in the first place?
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Bitcoin stopped going up so people started looking where to park their value. Ripple was next, followed by Lumens. And followed by smaller cap ICOs like TXR. I would say that the best strategy is lookfor smaller market cap ICOs run by a team that is WELL CONNECTED. The better connected the tram the more chance the coin will explode several times as articles come out about new initiatives.
> I would say that the best strategy is Apologies, can't help myself being a cynical bastard. I would say that the best strategy in long term is to invest in assets that actually produce cash flow to the investors.
After waiting for over a month now on my Coinbase purchase being stuck in Pending status, with absolutely no response from their Support, I'm getting tired of seeing Coinbase being seen as a leader in the Cryptoverse.
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Isn't Ripple supposed to be for moving money around instead of wire transfers? How is this volatility remotely good for that use-case?
It does. The ripple currency is just for paying the fees.
This article lacks any context whatsoever. XRP is still up from yesterday. Up 100% since last week. Also Coinbase has not said that it will not add XRP, just that they haven't made any decisions yet.
Given XRP goes against their current "Digital Asset Framework" for adding new tokens/coins, I don't see it being added anytime soon without revision: https://www.gdax.com/static/digital-asset-framework-2017-11....
Don't know much about Ripple...
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From someone with more authority than myself :) https://youtu.be/t66HFQDnezk?t=980
As in the video, people would say the same about Ethereum, and yet, Ethereum's community continue to grow and its exchange value continues to grow. On the other hand, what does Bitcoin have to show? Its community has stagnated and fractured, use-cases have stagnated. As an outsider, it often feels like Bitcoin early adopters are just sitting back and just calling other people stupid.
In this market, when the median top 200 coin under $0.1 went 100x [1], there are easier and "safer"[2] ways to generate returns.
It doesn't even do its job the best. Stellar Lumens (xlm) is a fork and doesn't have the centralized aspect or the 60% supply overhang. Raiblocks (XRB) will eat its lunch in terms of tx speed/fees if the tech doesn't blow up first.
[1] https://www.reddit.com/r/Bitcoin/comments/7o4nkm/last_week_w...
[2] "safer" in quotation marks because its all a game of when the music stops.
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Given XRP goes against their current "Digital Asset Framework" for adding new tokens/coins, I don't see it being added anytime soon without revision: https://www.gdax.com/static/digital-asset-framework-2017-11....
What about Ripple goes against their current Framework? Don't know much about Ripple...
* "1.1.4 Decentralization"
Ripple controls what nodes are used on their network (validators). Can you run a validator? Sure, but note that Ripple, and thus the network, aren't going to use it anyway [validator]:
> At present, Ripple (the company) cannot recommend any validators aside from the 5 core validators run by Ripple
As I mentioned in another comment tree, this is a distributed network, not a decentralized one.
[validator]: https://ripple.com/build/rippled-setup/
[registry]: https://ripple.com/dev-blog/validator-registry/
* "6.1.2 Token Utility"
XRP current has no useful use cases. Institutions experimenting with Ripple are not using the public network but their own private RippleNet, which does not use XRP tokens [ripplenet].
[ripplenet]: https://ripple.com/files/ripplenet_brochure.pdf
* "6.2.3 Team Ownership: The team stake retained by the team is a minority scale."
Currently, 38 of the 100 billion total XRP is in circulation [marketcap]. The developers were "gifted" 80% of all XRP upon its creation [distribution]. Ripple and its owners still hold the majority of all XRP.
[marketcap]: https://coinmarketcap.com/currencies/ripple/
[distribution]: https://web.archive.org/web/20150806120942/https://www.rippl...
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Some alternatives: Binance, Bittrex, Gemini
I started using Binance a couple of weeks ago. My login suddenly stopped working last week. I do not recommend them unfortunately =[
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I am always wondering about people saying this. XRP is counterparty-free I have studied their consensus protocol and it is indeed decentralized. We are planning to use some of the ideas from it in our network. As for founders having 20% of a startup company, that's common. Look at Mark Zuckerberg for instance. Why does that make them con artists? Bitcoin whales and Satoshi control 40% of bitcoins while over 99% of th…
>XRP is counterparty-free You have 100 USD and 100 XRP in your ripple wallet and the gateway you deposited USD to fund your wallet closes shop, you are now left with the bag in the hand and you must trade 'em for another gateway's IOUs, or try to find someone to buy them from you.