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Ripple will be the last cryptocurrency standing when all the dust settles simply due to it being the favorite of the global banking cartel.

by aviv 9y ago

hanniabu 9y ago
As far as I'm aware, there is not use of XRP as of now. There's a difference between Ripple the company and Ripple the centralized blockchain, which many fail to realize.
- shepardrtc 9y ago
  From a Fortune article about this [1]: > The partnership will see MoneyGram pilot the use of XRP through a new Ripple service, called xRapid So there is usage of XRP. [1] http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocurrency-bank-transfers/ http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocur...
  - alextheparrot 9y ago
    Note the use of the future tense in your quote, while who you were responding to spoke to the present.
- dantillberg 9y ago
  To expand upon that: many people buying Ripple/XRP the coin believe (falsely) they are buying shares of Ripple the company. I found [0] helpful. [0] https://www.reddit.com/r/Ripple/comments/6jd9w6/this_is_the_difference_between_xrp_and_ripple/ https://www.reddit.com/r/Ripple/comments/6jd9w6/this_is_the_...
- free-trampolin 9y ago
  Cuallix is actively using XRP. Get your facts straight, cowboy!
patrickaljord 9y ago
It's not a cryptocurrency in the sense that it is centralized and pre-mined by a central authority who could mine even more whenever it feels like it just like fiat. Still, it's an improvement on swift if it succeeds but that would not be a "cryptocurrency success" in my opinion.
- snuxoll 9y ago
  Personally I think it would be considered a success, swift sucks, ACH sucks - Ripple giving us a way to apply a lot of the benefits a decentralized cryptocurrency purports to provide (cheap, fast transactions) would be wonderful. Hell, I would love if I could track payment remits through Ripple someday - stop dealing with the terrible EDI formats our bank dumps to us on a daily basis and just monitor the blockchain. We could have knowledge about payments in real-time AND have a much saner time dealing with them.
  - paulie_a 9y ago
    slightly offtopic: But I am currently building a ACH parser and I am shocked the banking system works at all.
- base698 9y ago
  I think since it uses digital signatures to send the transactions it's a cryptocurrency. It's not a decentralized one sure.
  - shepardrtc 9y ago
    It uses a distributed consensus algorithm to validate transactions. Anyone can run a validator node, and there are many companies/institutions out there doing that (Microsoft, MIT, etc).
    - lawlessone 9y ago
      They have no reason to use XRP though, they could just use the technology to launch their own token.
cantrip 9y ago
Yes, whatever the Bilderberg lizard people truly in power decide upon. It's all in plain sight if people would just stop drinking the tap water and wake up.
0x4f3759df 9y ago
How Ripple could succeed but XRP be worth nothing https://publication.widmerdun.com/how-ripple-could-succeed-but-xrp-be-worth-nothing-4c2c5152d184 https://publication.widmerdun.com/how-ripple-could-succeed-b... People are going to get rekt
prklmn 9y ago
Do you have any proof that the global banking “cartel” is using Ripple? Why would they want to use some third party company they have no control over, with participation of the general public, for a solution to a problem that they didn’t think was a big enough issue to address earlier, and that they could create a proprietary, private solution for?
- dglass 9y ago
  You should do some research on ripple and some of their customers. Huge global banks are already using their software.
  - headmelted 9y ago
    Really? Which ones? I saw the tweets from their CEO and it actually sounded very much like the emperor has no clothes. If the best examples of "huge global banks" that Ripple can produce when asked are a couple of small-time national banks suggesting they'll trial the software later this year then I'll reserve judgement.

Ripple will be the last cryptocurrency standing when all the dust settles simply due to it being the favorite of the global banking cartel.

by aviv 9y ago

Ripple will be the last cryptocurrency standing when all the dust settles simply due to it being the favorite of the global banking cartel.

hanniabu 9y ago

As far as I'm aware, there is not use of XRP as of now. There's a difference between Ripple the company and Ripple the centralized blockchain, which many fail to realize.

shepardrtc 9y ago
From a Fortune article about this [1]: > The partnership will see MoneyGram pilot the use of XRP through a new Ripple service, called xRapid So there is usage of XRP. [1] http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocurrency-bank-transfers/ http://fortune.com/2018/01/11/ripple-moneygram-xrp-cryptocur...
- alextheparrot 9y ago
  Note the use of the future tense in your quote, while who you were responding to spoke to the present.
dantillberg 9y ago
To expand upon that: many people buying Ripple/XRP the coin believe (falsely) they are buying shares of Ripple the company. I found [0] helpful. [0] https://www.reddit.com/r/Ripple/comments/6jd9w6/this_is_the_difference_between_xrp_and_ripple/ https://www.reddit.com/r/Ripple/comments/6jd9w6/this_is_the_...
free-trampolin 9y ago
Cuallix is actively using XRP. Get your facts straight, cowboy!

patrickaljord 9y ago

It's not a cryptocurrency in the sense that it is centralized and pre-mined by a central authority who could mine even more whenever it feels like it just like fiat. Still, it's an improvement on swift if it succeeds but that would not be a "cryptocurrency success" in my opinion.

snuxoll 9y ago
Personally I think it would be considered a success, swift sucks, ACH sucks - Ripple giving us a way to apply a lot of the benefits a decentralized cryptocurrency purports to provide (cheap, fast transactions) would be wonderful. Hell, I would love if I could track payment remits through Ripple someday - stop dealing with the terrible EDI formats our bank dumps to us on a daily basis and just monitor the blockchain. We could have knowledge about payments in real-time AND have a much saner time dealing with them.
- paulie_a 9y ago
  slightly offtopic: But I am currently building a ACH parser and I am shocked the banking system works at all.
base698 9y ago
I think since it uses digital signatures to send the transactions it's a cryptocurrency. It's not a decentralized one sure.
- shepardrtc 9y ago
  It uses a distributed consensus algorithm to validate transactions. Anyone can run a validator node, and there are many companies/institutions out there doing that (Microsoft, MIT, etc).
  - lawlessone 9y ago
    They have no reason to use XRP though, they could just use the technology to launch their own token.

cantrip 9y ago

Yes, whatever the Bilderberg lizard people truly in power decide upon. It's all in plain sight if people would just stop drinking the tap water and wake up.

0x4f3759df 9y ago

How Ripple could succeed but XRP be worth nothing https://publication.widmerdun.com/how-ripple-could-succeed-but-xrp-be-worth-nothing-4c2c5152d184 https://publication.widmerdun.com/how-ripple-could-succeed-b... People are going to get rekt

prklmn 9y ago

Do you have any proof that the global banking “cartel” is using Ripple? Why would they want to use some third party company they have no control over, with participation of the general public, for a solution to a problem that they didn’t think was a big enough issue to address earlier, and that they could create a proprietary, private solution for?

dglass 9y ago
You should do some research on ripple and some of their customers. Huge global banks are already using their software.
- headmelted 9y ago
  Really? Which ones? I saw the tweets from their CEO and it actually sounded very much like the emperor has no clothes. If the best examples of "huge global banks" that Ripple can produce when asked are a couple of small-time national banks suggesting they'll trial the software later this year then I'll reserve judgement.