The Ripple Thread

Bob24 wrote: »

Is there any substance to his claim that “Ripple [the company] chooses new "unique node list"” though?

Yup, that's why I'm asking the question.

Bob24 wrote: »

(if you go through his tweeter feed he basically keeps saying bitcoin is great and altcoins are scams).

It's one of the most frustrating things with crypto. EVERY project has community around it that's largely partisan. It's been very hard to find objective info, once money came into it. Ripple won't be immune to that either. I just find it useful to try and work through all the 'objections'. If a coin can come out the right side, then there's merit in it.

Hard to know, if info is good from swell and XRapid going live could keep going higher.

Ripple has announced that 3 companies are new using xRapid for real payments: https://www.coindesk.com/ripple-event-reveal-3-companies-are-now-using-xrp-for-real-payments/

Having said that none of those 3 seem like major clients to me so not too sure how big a news it is or not. *Might* be worth grabbing some XRP ...

Tinder Surprise wrote: »

Whats the news breaking this eve about XRapid.

Seems positive ...let's see

Damp squib..sorry guys

If it was seen as major breakthrough it would trigger buy pressure and volumes would increase though, so for now there doesn’t seem to be any excitement about announcement.

So while a delayed reaction is always possible (I far as I can recall this was the case last time around and prices/volumes surged a few days after the executive talked about imminent launch), for now it seems fairly lacklustre.

grindle wrote: »

There seems to be some fantastical thinking going on whereby XRP zealots imagine businesses are going to push every last drop of their liquid funds into XRP immediately now that it's available to use.

Non-issue IMO. I’m not saying they don’t exist but I haven’t seen many people (even amongst XRP enthusiasts) saying that “businesses are going to push every last drop of their liquid funds into XRP immediately”.

grindle wrote: »

I thought that line would be taken as obvious hyperbole, especially on a crypto forum.
Anyway, I've seen plenty on the ripple sub, ethtrader and /r/cc who think XRP alone will hit a trillion cap very soon, it's either crazy-delusional or some terrible shilling that wants to hype and dump bags for an easy 2x.

The reason I took it literally is that you then proceeded to explain why it won’t be happening (“they’ll start with transfers worth 10000s”, “they don't need to go all-in and pump the bags of a few hundred thousand scrotes who want to retire by Xmas 2019”, etc). Didn’t seem very useful to explain why what is meant to be hyperbole won’t be happening in practice so I assumed you were actually replying to a percieved group of people who really think that way.

In any case yeah thinking XRP will be worth 100 euros by year end as some people post on Twitter/reddit is obviously deluded, but having send that it is their own problem and we can simply ignore them.

And at the other end of the spectrum we can also ignore people (probably at least as vocal) who say XRP has no future and will definitely become worthless.

It’s hard to know where it’s going and nothing is for sure, but there definitly is some potential.

Ripple making a move and seems to be independent of BTC for a change
Hoping this is not another pump and dump

Up 20% in the past 24 hours.

MUFG bank sign memorandum of understanding to use Ripple software for cross border payments to Brazil bank Banco Bradesco.


https://twitter.com/Ripple/status/1061022510886477824

Bob24 wrote: »

While it is of course not as part of a good period for crypto, XRP now seems to be establishing itself as the second crypto in market cap as for now it has resisted the crash much better than Etherum (or Bitcoin).

Yeah, it seems to be the only one that is holding its ground in the face of the onslaught.

Bob24 wrote: »

Wondering what the reason might be and if it will eventually give in as well.

I wondered about that myself. Is it a complement to Ripple in terms of how far along it is? It's always had the most collaboration with industry over and above all other projects and at the end of the day, it's real world use that counts. It's not really being used at any volume yet but it seems to be very close to such an eventuality.

Otherwise, does the make-up in terms of investors differ with XRP? ie. are there more serious investors behind it rather than retail? Did some decide to bail into it either thinking the fundamentals were better to shelter them over the past few days than all the rest?

Bob24 wrote: »

I have no idea how large or small a proportion of XRP transactions the commercial use of XRP represents, but *if* it is large enough it could be making it more liquid than other cryptos.

There are a few Ripple enthusiasts here who follow this much more closely - they're probably better positioned to answer. However, my understanding is that there's little in the way of volume being accounted for via real world transactions just yet (although it appears to be coming).