Crypto $$$

[CJR09]

Originally Posted by mick taylor

I would say that any such currencies are controlled by criminals.

well... the Rothschilds were the initial investors in XRP

[CJR09]

Down to $1.61usd but starting to see some support...

[naddis01]

Any thoughts?

https://hackernoon.com/4-alarming-re...k-9debc3c86985

5 alarming reasons Ripple might not be what you think

In the world of crypto-investing, news and misinformation run rampant. And revealing the truth is important for everyone looking to be a part of the next big innovation.

Ripple is dominating
You’ve heard the news. Ripple has the 2nd highest market cap out of all cryptocurrencies — a whopping $128 billion USD. A valuation higher than Uber, Airbnb, and Slack combined with $20 billion left over in pocket change. Ripple was the best performing cryptocurrency of 2017, with a staggering 36,000% increase from the beginning of the year!


Coinmarketcap.com Jan-Dec 2017
Things have certainly been going well for Ripple. And to some it’s no surprise. They’ve been killing it for years. From 2012–2016, Ripple raised $93.6 million from Andreessen Horowitz, GV (Google Ventures), and many more of the top VC firms in Silicon Valley. These are the kinds of the firms that routinely invest in startups like Facebook, Slack, and Uber when they’re starting up. Them backing Ripple means they believe in the mission and they believe in the team.


Major banks using the Ripple platform
And Ripple is everywhere online. Successful pilot programs, working with 100+ financial institutions, and even the Japanese government seems to be behind them.

Everything is perfect.

A textbook case of a company with innovative technology that’s taking the market by storm.

And this would be true, if it wasn’t for some of the finer details that have HUGE IMPLICATIONS.

1. XRP is not Ripple
When people hear Ripple they instantly think of their coin XRP. This makes sense since other communities and coins are one and the same. When you buy ETH you are betting on Ethereum and when you buy BTC you’re betting on Bitcoin. Why would Ripple be any different?

Well, this is where things become interesting. To understand the differences between XRP and Ripple, first we need to examine Ripple the company.

Ripple was founded in 2012 as Opencoin, renamed to Ripple in 2015, and is currently based in San Francisco, California. They have more than 150 employees, a nice office, and they sell banking software that uses blockchain.


Ripple headquarters in California
What does Ripple do? They have 3 products — xCurrent, xRapid, and xVia.

xCurrent is their flagship product. It gives banks the ability to efficiently move money across borders. It uses RippleNet, the Ripple blockchain, but does NOT use XRP. Banks like this software because it allows them to save money and time when sending payments, without introducing much risk or changes to their workflow.

xRapid helps banks improve liquidity when trading in emerging markets. It is the only Ripple product that does use XRP. Banks like it because it helps them free up mountains of money they’re stuck sitting on, but dislike it because it introduces unknowns — such as the volatility of XRP.

xVia is still in development and scheduled to come out in early 2018. It’s similar to xCurrent, but allows entities besides banks (such as corporations and payment providers) to send money through banks. xVia also does NOT use XRP.

Remember that impressive 100+ list of financial institutions Ripple is working with? Guess what, they are all using xCurrent. And xCurrent does not use XRP. Of the 100+ partnerships Ripple has, ONLY ONE actually uses XRP the cryptocurrency. There is just one small “non bank financial institution” from Mexico called Cuallix that is using xRapid.

This means that the headlines showcasing Ripple’s partnerships with more and more banks are good — Ripple the company is succeeding — but also don’t mean much for XRP gaining adoption.

Now this isn’t to say that banks will never adopt xRapid (and start using XRP). In fact, this has been a part of the Ripple business plan from the very beginning. Get banks using xCurrent and then cross-sell them into xRapid. Banks may come to love xRapid.

Or they might not.

For Ripple this difference doesn’t matter much. For investors in XRP, this is the difference that makes or breaks their investment.

2. XRP is not the currency of the future
When people hear Bitcoin, they think digital money. As in, you can send money to anyone in the world without limitations.

XRP might become this in the future, but right now XRP is stuck in banking. And Ripple has made no mention of changing this anytime soon.

This is completely fine and makes perfect sense for Ripple as a company to choose. By focusing on just banks and financial institutions, they can provide value and create a profitable venture.

The problem for XRP investors is that XRP can become overbought by people that think it will beat Bitcoin, replace fiat, and become the world currency. This means the market cap can be artificially higher and undergo a correction when this becomes common knowledge.

Given that Ripple is going after global bank payments, their real goal is to replace SWIFT, the 45 year old society responsible for moving money between banks internationally.

In 2016, SWIFT earned $31 million in profit, sending a huge amount of money through their system. Yet this was small compared to the over >$1,000,000,000,000 in monetary assets around the globe.

Being limited to the SWIFT market reduces the opportunity of XRP by many orders of magnitude below that of a true digital world currency.

3. XRP is not disruptive technology
Ripple isn’t the only company interested in revolutionizing banking.

R3 is doing the exact same thing as Ripple. They’ve raised $107 million from top venture capitalists and are using blockchain to help banks move money internationally. They’re currently in 70 of the world’s largest banks and the reason you might not have heard of them is simply because they have been doing this WITHOUT their own coin.

SWIFT is working with more than 11,000 institutions and employs over 2600 people. To capture this market, Ripple will have to 100x. The challenge here is that there is no reason SWIFT couldn’t develop their own blockchain technology and use their already established relationships to roll it out faster than Ripple can grow.

SWIFT Headquarters in La Hulpe, Belgium
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.”
And their actions align with their words. They have completed a proof-of-concept with 22 banks using the Hyperledger Fabric blockchain to help them free up capital stored in their nostro accounts. They have also tested smart contracts.

Maybe we should all jump on SWIFT’s coin if they come out with one?

Stellar Lumens (XLM) was created by the founder of Ripple, Jed McCaleb, in 2014 to solve the problems he saw with Ripple.

Stellar has since grown to number 8 in total market cap and is boasting deals with IBM and payment providers in Australia, Indonesia, Malaysia, and Korea.

By expanding their focus outside of banks, Stellar has the potential to be much larger than Ripple. And the Stellar protocol supports smart contracts, a key component of the popular Ethereum network. A recent win for them on this front was Kik, the $1B messaging app, committing to moving their KIN tokens from Ethereum to Stellar in 2018.

4. XRP is not decentralized
Ripple controls RippleNet and they own a whopping 62% of the total XRP coins in existence. This has understandably worried XRP investors and Ripple’s response was to lock up 55 billion coins in escrow.

As with any centralized system, investors now have to trust Ripple to keep their word.

And they most likely will. Given their strategy is to release 1 billion each month for the next 55 months, they stand to gain a lot of money by selling these 55 billion XRP tokens at the current market price.

But the risks of being centralized extend beyond simply whether or not you trust Ripple to keep your best interests in mind and play fairly.

The issue is also resilience. The reason digital currency have failed in the past is because a centralized digital currency is too easy to kill with regulation. Bitcoin’s decentralization is one of the reasons it’s survived when digital coins of the 2000s (like E-gold, Liberty Reserve and Tencent) failed.

Ripple faces the same weaknesses of these early digital currencies. It is one entity to attack legally when things inevitably go wrong.

5. XRP adoption ≠ price increase
Assume everything goes according to plan. Ripple works with 100x more banks. The banks love using blockchain and xCurrent, then decide to take a chance on XRP through xRapid. They love xRapid and feel confident enough in it to process all of their transactions through it — even ones in the millions of dollars. SWIFT drops the ball hard and completely fails to innovate, losing all of their customers and shutting down.

You’re happy. There are more than $5 trillion dollars being transacted daily in XRP. The price of XRP should be to the moon. Right? Well, not necessarily.

The value of XRP is driven upwards by people holding the asset and believing it will be worth more in the future. Banks looking to move money across borders are not speculating. In fact, they have a disincentive to hold XRP, since they take on risk due to natural XRP volatility.

This means banks will hold XRP for the absolute minimum amount of time they can. And given the speed of the Ripple network; that time is 4 seconds. With banks — the actual users of XRP — not holding onto their coins, XRP’s market cap will decrease and EVEN AT SWIFT LEVELS will only result in approximately $230 million.

This is worlds apart from the current speculative value of $128 billion.

Conclusion
Ripple is good, but XRP’s success for investors is an uphill battle.

First Ripple the company needs to do well. Since XRP is centralized, if Ripple dies so too does XRP.

Next Ripple needs to sign up 100x as many banks and financial institutions on xCurrent to become as big as SWIFT at sending payments internationally. Then the banks need to start using xRapid and settling transactions with XRP.

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.

And only at this time will all 100 billion XRP coins be worth approximately $231 million, or $0.0023 per coin.

This being said, Ripple is still an amazing company. Even if they fail to capture the entire SWIFT market, they could still offer a valuable suite of products to banks. They could still generate significant revenue and command a high price per share.

This just might not be the outcome XRP investors are hoping for.

[CJR09]

^^^ I tried to touch on that in post #293 but hard to put as succinctly as that above, too bad i suffer FOMO and just bought another $1k worth in that wee dip...

[CJR09]

A commentators post from may last year -

Chief Cryptographer Explains Ripple’s Big Vision
Last night Ripple Labs’ Chief Cryptographer David Schwartz explained Ripple’s vision on the XRP Chat Forum. The post can be found here. The tldr vision is that Ripple will free up a large portion of the $27 trillion tied up globally in transactional accounts by creating a widely accepted international currency that can be moved around quickly and cost effectively. Below is a more detailed summary:

The big problem Ripple is solving is that right now global companies must keep significant amounts of cash tied up in bank accounts around the world in order to timely transact locally because moving money around internationally is very slow (it took me six days to move a tiny amount of money from Bank of America to Coinbase!). A McKinsey report actually found that at the end of 2015 there was more than $27 trillion(!) sitting in transactional accounts — the largest amount ever! Ripple’s vision is to free up a significant portion of that $27 trillion by creating a widely accepted international currency that can be moved around quickly and cost effectively. If even 10% of the $27 trillion is freed up that is $2.7 trillion moved to Ripple. And if only 10% of that $2.7 trillion is needed to be tied up in Ripple because of efficiency gains, that would be $270 billion in Ripple or almost 24X the current market cap!

[CJR09]

RIPPLE WHITEPAPER/VISION



I do not think it is possible for XRP to reach the height of BTC - IMO its real value is @ about $10/12usd based on current market cap - which i think we will see by years end - i believe it will settle @ $3/4 by months end with a steady rise to the $10/12 mark - its always going to fluctuate a dollar or two either side.



Trying to find an interesting article i read a few days/weeks ago regarding ceo and thoughts on value etc...

[CJR09]

Oct 2017 interview with Brad Garlinghouse.

[CJR09]

Only 3 & 1/2 hr till XRP is listed on DMM - should see a spike in value...

[hellrc5]

Originally Posted by CJR09

Only 3 & 1/2 hr till XRP is listed on DMM - should see a spike in value...

Pushed back?

Sent from my Note7 - No flame

[mick taylor]

Originally Posted by CJR09

well... the Rothschilds were the initial investors in XRP

Exactly, Rothschild's are the biggest Mafia criminals in the history of the world and the games they play, if you only knew the history of how they manipulate to gain and the power they have over Nations, they can play any game they want and a government like Australia would not have the guts to stand up to them at all, but roll over in total fear and the same with the UK and Rothschild him self said he controls the UK years ago.

The stupid Pope Frances last year was filmed kissing Rothschild hand when sitting in a chair, just as like Roman Catholics kiss the Popes hand when the Pope is sitting in the Chair, that signifies that, that Rothschild is the one who controls the Roman Catholic Church now and Pope Frances is his lackey.

I would not get involved in any Crypto at all, it's a con job.
There is only one currency banking system that runs the world and anyone who threatens that gets eradicated, Crypto is just a criminal side dish game play at work, tampering for some evil ends no doubt, or just another stupid scam that will only rip off the dupes that swallow such.

Nowadays there is more con-jobs going about then ever before and it's in epidemic proportions and I am just pointing out what I think, such things history proves always fail.
The old game of building something up only to knock it down is Rothschild's invention.

A old Freemason mate showed me how this Crypto system works, it's a con.

[CJR09]

Originally Posted by hellrc5

Pushed back?

Sent from my Note7 - No flame

Yeah not sure what happened there - it did spike $0.25usd to the $2.00usd mark at the coinciding time of when it was to be listed but now back to riding the lower bands...

[CJR09]

Originally Posted by mick taylor

Exactly, Rothschild's are the biggest Mafia criminals in the history of the world and the games they play, if you only knew the history of how they manipulate to gain and the power they have over Nations, they can play any game they want and a government like Australia would not have the guts to stand up to them at all, but roll over in total fear and the same with the UK and Rothschild him self said he controls the UK years ago.

The stupid Pope Frances last year was filmed kissing Rothschild hand when sitting in a chair, just as like Roman Catholics kiss the Popes hand when the Pope is sitting in the Chair, that signifies that, that Rothschild is the one who controls the Roman Catholic Church now and Pope Frances is his lackey.

I would not get involved in any Crypto at all, it's a con job.
There is only one currency banking system that runs the world and anyone who threatens that gets eradicated, Crypto is just a criminal side dish game play at work, tampering for some evil ends no doubt, or just another stupid scam that will only rip off the dupes that swallow such.

Nowadays there is more con-jobs going about then ever before and it's in epidemic proportions and I am just pointing out what I think, such things history proves always fail.
The old game of building something up only to knock it down is Rothschild's invention.

A old Freemason mate showed me how this Crypto system works, it's a con.

Tongue in cheek dude - exactly what you say above is what can make XRP attractive as it is aimed at the banking institution and is not a genuine crypto coin - I didn't realize the Freemasons are the defining experts on crypto? Have another cup of koolaid and have a read into the documentation for yourself and make an educated comment.

If XRP gets the uptake by the big institutions it will go to the moon.

As outlined in one of the attachments above the thing that does threaten XRP is the fact any altcoin can be used as the bridging medium on the Xcurrent/rapid platform - not just XRP.

BUT GOING FOR IT IS WHY WOULD YOU NOT USE THE NATIVE TOKEN FOR THAT APK TO ENSURE GREATER EFFICIENCIES AND LOWEST COST?

Even if banks created their own blockchain tech to do the same job they may only be able to use it within there own bank as it may not be transferrable between banks and they are thereby no better off than SWIFT?

So at what point does the cost/benefit weigh in Ripple Labs/XRP's favour? I would say it already does however they do have competition against R3 & Stellar although there is a lawsuit in the mix there as well...

[hellrc5]

Originally Posted by CJR09

Yeah not sure what happened there - it did spike $0.25usd to the $2.00usd mark at the coinciding time of when it was to be listed but now back to riding the lower bands...

What I mean is the counter was 2.5 hours around last night and this morning it was 19 some hours so I thougt the release is delayed and the release date was pushed back a day or so

Sent from my Note7 - No flame

[Mercury Bullet]

No idea how you guys are conducting your transfers but I would be doing some reading up on very serious security flaws in Intel and arm processors.

These flaws called meltdown (the worst) and spectre 1 and spectre 2 open up the kernel to protected memory. Not even encryption is safe.

This is going to take a full redesign of Intel chips that will probably take years to fix.

Hackers can now get access to everything.

Phones aren't immune neither are Macs.
The only thing that is, is AMDs latest chips. Even graphics cards may be compromised.

https://www.reuters.com/article/us-c...-idUSKBN1EZ1A4

https://www.ashampoo.com/uk/eur/lpa/...wn-cpu-checker

[CJR09]

Originally Posted by Mercury Bullet

No idea how you guys are conducting your transfers but I would be doing some reading up on very serious security flaws in Intel and arm processors.

These flaws called meltdown (the worst) and spectre 1 and spectre 2 open up the kernel to protected memory. Not even encryption is safe.

This is going to take a full redesign of Intel chips that will probably take years to fix.

Hackers can now get access to everything.

Phones aren't immune neither are Macs.
The only thing that is, is AMDs latest chips. Even graphics cards may be compromised.

https://www.reuters.com/article/us-c...-idUSKBN1EZ1A4

https://www.ashampoo.com/uk/eur/lpa/...wn-cpu-checker

Good time to buy AMD shares then?

[PHATAL]

Ripple sinking again $2.30...

Sent from my SM-G935F using Tapatalk

[PHATAL]

$2.22

Sent from my SM-G935F using Tapatalk

[Lunch]

I shoulda got out when it was over $4 and put it in something else

[PHATAL]

Back to $2.60.

What a rollercoaster of emotion.

Money to be made if you wanted to sit there and keep buying and selling whilst it bounces around like it is.

Sent from my SM-G935F using Tapatalk

[PHATAL]

I find it amazing to see some of these buy orders. Even now when it is so up and down I have seen two $150k and a $130k buy order in the last few minutes.

Sent from my SM-G935F using Tapatalk

[Lunch]

When ur playing with that much it only has to increase by 50c and you’re laughing

[PHATAL]

Check out this buy order that went through the other night that I took a screen shot of. Check out the price it went through on. I reckon they will be feeling the sweats...

Sent from my SM-G935F using Tapatalk

[Lunch]

It’d be nice to have that much to play with

[PHATAL]

Originally Posted by Lunch

It’d be nice to have that much to play with

They would have been down roughly $267k today.

Sent from my SM-G935F using Tapatalk

[CJR09]

Some big kahunas - or FOMO took over

[jpblue1000]

Originally Posted by mick taylor

Exactly
The stupid Pope Frances last year was filmed kissing Rothschild hand when sitting in a chair, just as like Roman Catholics kiss the Popes hand when the Pope is sitting in the Chair, that signifies that, that Rothschild is the one who controls the Roman Catholic Church now and Pope Frances is his lackey.
.

Gullible much?
https://www.snopes.com/pope-francis-...efellers-hand/
JP

[Mercury Bullet]

Originally Posted by CJR09

Good time to buy AMD shares then?

Bought 2000 on the 3rd when the news broke. Up 20% already.

OTOH the Intel CEO sold everything he had when the news broke to them last October. He's now being investigated for insider trading lol. You win some and lose some.

But be careful, I'm pretty certain all this crypto stuff is encrypted. Make sure you're patched with everything and check Windows update if it's disabled.

[CJR09]

Things like this is why XRP stands a chance...


The processing time and fee to do so.

[CJR09]

Originally Posted by Mercury Bullet

Bought 2000 on the 3rd when the news broke. Up 20% already.

OTOH the Intel CEO sold everything he had when the news broke to them last October. He's now being investigated for insider trading lol. You win some and lose some.

But be careful, I'm pretty certain all this crypto stuff is encrypted. Make sure you're patched with everything and check Windows update if it's disabled.

Yeah i seen they have bumped in the new year - the outlook seems pretty good too and the price was in a low historically and looks like it could go a fair way yet!

I would get on some but i have used up my parcel allocation for the qtr on verdant minerals (prospects look good for the phosphate mine) and crypto!

[CJR09]

Crazy stuff right here...