Yes, i put that disclaimer in most of my postings.
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Posted On: 07/21/2017 10:36:52 PM
Yes, i put that disclaimer in most of my postings. i could be wrong, etc.
I should have told you there is a bit of disdain from Bitcoinistas because XRP Ripple is seen as establishment, etc. Btc"ers keep comparing bitcoin to XRP and say there is a 100 Bn, but Bitcoin because of the divisability comes to similar numbers. Bitcoin is not being used as currency. Merchants arent accepting it and hodlers (holders) dont want to part with it. so is it a store of value or is it a currency? this is one of the biggest questions causing this coming fork. In reality, Bitcoin became very popular by cause its anonymity. In reality, the blockchain it needs to work is slowing down.
XRP on the other hand was never created for use as a common usage currency. It was made for FIs, corporates, etc. The difference with Bitcoin is huge. where bitcoin talks about anonymity xrp talks of transperency. xrp is currently on the path as the other cryptos, it was never meant to stay on this path.
we are seeing a lot of adoption and backing. could it fail, OF COURSE. But if it is successful, the 100Bn is not enough, XRP needs to have a much higher value than it currently is. We are waiting for the final phase and that is banks sourcing and sending xrp. They cant do it now because limited liquidity. However, their announcement this week that they have added more validators increasing the number to 75 shows they are laying the necessary groundwork.
once real time use begins nobody will know the final value of XRP.
again could it fail, of course. dont invest more than you can afford to lose. Will all the banks that have joined Ripple so far (75) let it fail, probably not. Today's Federal Reserve announcement shows Ripple is head of the pack. SWIFT's new gpi didnt even make the list as being qualified...
joey, did you create a user account on xrpchat?
I should have told you there is a bit of disdain from Bitcoinistas because XRP Ripple is seen as establishment, etc. Btc"ers keep comparing bitcoin to XRP and say there is a 100 Bn, but Bitcoin because of the divisability comes to similar numbers. Bitcoin is not being used as currency. Merchants arent accepting it and hodlers (holders) dont want to part with it. so is it a store of value or is it a currency? this is one of the biggest questions causing this coming fork. In reality, Bitcoin became very popular by cause its anonymity. In reality, the blockchain it needs to work is slowing down.
XRP on the other hand was never created for use as a common usage currency. It was made for FIs, corporates, etc. The difference with Bitcoin is huge. where bitcoin talks about anonymity xrp talks of transperency. xrp is currently on the path as the other cryptos, it was never meant to stay on this path.
we are seeing a lot of adoption and backing. could it fail, OF COURSE. But if it is successful, the 100Bn is not enough, XRP needs to have a much higher value than it currently is. We are waiting for the final phase and that is banks sourcing and sending xrp. They cant do it now because limited liquidity. However, their announcement this week that they have added more validators increasing the number to 75 shows they are laying the necessary groundwork.
once real time use begins nobody will know the final value of XRP.
again could it fail, of course. dont invest more than you can afford to lose. Will all the banks that have joined Ripple so far (75) let it fail, probably not. Today's Federal Reserve announcement shows Ripple is head of the pack. SWIFT's new gpi didnt even make the list as being qualified...
joey, did you create a user account on xrpchat?
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