People (like you) constantly mix up RCL (a decentralized exchange), XRP (the native token on RCL) and Ripple Connect (the ILP implementation sold to banks).The landscape now is very different post-ethereum, but some people here have not caught up.The difference between the EF and Ripple Labs is a simple one - Ripple Labs pre-mined their coins and kept them for themselves, whereas the EF pre-mined their coins and sold them.
The escrow ensures a gradual release of XRP into the market over time.Ripple reserves the right not to include transactions in XRP Charts that it believes are not bona fide, e.g., wash.
In the United States, traditional investors subscribe to the wise sayings of industry gurus like Warren Buffett.
Jed McCaleb’s Secret Bitcoin Project: 5 Fast Facts YouAgain, the criticisms that apply to Ripple apply equally well (or moreso) to Ethereum.I keep stuff about 250% margin and can xfer 10x more if necessary.No-one was duped, as everyone was aware that the tokens had been premined.Its one of the most popular coins because banks have the money to make it that way.
It took years for XRP investors and fans to counter each lie one-by-one and change the nature of the dialogue in the West.I think the vast majority of banks will survive, but I think Crypto will rise and rise.Assuming their PR is somewhat accurate, the company has a very promising idea to increase efficiency in the legacy banking system.Mention Bitcoin to anybody in traditional financial circles, and you will see it.It is a threat when the eventual crash hurts the reputation of the cryptocurrency space.
It took years for XRP investors and fans to counter each lie one-by-one and change the nature of the dialogue.If someone would sell even 7 million (USD) of XRP he would push the market down considerably.
Also, you need to initially deposit 50 XRP, the internal currency at Ripple, to make the account usable.They were told they had misconfigured their account settings, but that otherwise the system was working as intended.The rest of the investment money probably goes into marketing.So I have created a ripple account and now I need to get funded with 100 XRP to get started.
XRP: We Will Persuade the Masses! – Hodor's XRP Blog
Only that now we have the bandwidth and memory to make this shit possible.From Wired magazine to mainstream news sources, the press painted crypto-currency with the same broad brushstrokes that they used to characterize Silk Road.A number of users got screwed when their tokens were automatically replaced with superficially equivalent but worthless tokens through the magic of rippling.September 3rd, 2017 by admin. Ripple News. built with Social Magazine and WordPress.XRP is the digital asset that Ripple created when they created the XRP Ledger.
Reflextrader.com V1.10There is only about 38 Billion currently circulating and thats what the current price is based on.Current fiat prices for Ripple (XRP) crypto with volume, trading pairs and historical cryptocurrency information across all exchanges.Not a shitcoin with a market cap that constitutes 40% of the entire crypto market.And so the road to mainstream investor acceptance in the West has been paved with difficulty.
Missed the Ripple train? Here are my top 5 alternatives toThe best part is, clueless noobs will later on defend the Thieflar Foundation because unlike Ripple, we actually sold our pre-mined coins.
REDDIT and the ALIEN Logo are registered trademarks of reddit inc.The fact that ripple has made it to this point is proof enough that the markets can stay irrational longer than you can stay solvent.They will then place any unused portion back into escrow for another 55 months. 15.The main use that the company intends for XRP is to serve as liquidity while bridging one fiat currency to another for banks.The company has not shied away from doing the difficult work of bank adoption.Also, if you were part of the Foundation, why not just buy in your own ICO.