ripple rally

[charleshoskinson]

Ripple is a very well run company with great contacts, solid engineers, a disciplined development process, and methodical product deployment. They've been playing the long game by becoming the go to company for traditional financial institutions to onboard into the cryptocurrency world.

It's not glorious nor does it get you headlines, but it will eventually payoff in terms of long term enterprise contracts that have very high margins. I've been tremendously impressed by Stefan Thomas and Dave's work (For example: https://ripple.com/files/ripple_consensus_whitepaper.pdf) and with how they've developed Codius (it's javascript built on top of Node).

I'm not sure what's causing the price to increase so much recently. It could be speculation for a major announcement. I'll leave market prediction to James Simons. But honestly, the best ventures pay no heed to price. They work on great products, get lots of adoption, and keep innovating. The market sorts itself out.   

[Empirical1.1]

Well I see they're big in Japan     http://m.youtube.com/watch?v=JZGF4wcPJO0

> $600k 24 hour volume XRP/JPY, 20% of the volume and they seem to be paying the highest price for XRP. http://coinmarketcap.com/currencies/ripple/#markets

[Crossover]

interesting quote:
"Ripple allows anyone to make currency trades directly without requiring brokers or centralized Forex markets. Any Ripple user — a professional currency trader, someone looking to diversify their currency holdings, or a traveler preparing for a vacation abroad — can submit a currency trade order to the Ripple network. The Ripple protocol automatically searches the network, finds the best available matching order, and completes the trade. No brokers or central exchanges are required. There are no broker fees or trade delays. Ripple allows real-time, direct, P2P currency exchanges on a global network."
https://ripple.com/reports-of-price-manipulation-in-the-forex-market-and-how-ripple-offers-a-new-model-for-trading/
As i understand, the value of xrp lies in its role of zero fee medium of exchange between currencies, its forex without central server, more liquidity, more value for the bridge currency.

[chryspano]

An intresting post fron bitcointalk...
Here is the link too...
https://bitcointalk.org/index.php?topic=873067.msg9674899#msg9674899

[Crossover]

xrp are legal KYC complement tokens, with liquidity and global partner support + API for any brokers, absolutely brilliant for international network banking.
Although its not "free money" at all, but on this stage its suitable for fiat owners and common non tech folk.

[alexkravets]

I am pretty sure that all banks will use ripple in the future. I still don't understand that even if that is the case why XRP will have any value...

Admitting ignorance is the beginning of wisdom (paraphrasing Socrates)

Understanding present and future value of XRP is indeed the crucial issue.

I refer you to the Sources of XRP demand section of https://ripple.com/files/ripple_deep_dive_final.pdf

For the impatient, here's the spoiler alert:

Global Liquidity Bridging Currency

( Yes Virginia, it's a very technical term well understood by a few Central Bankers and IMF Monetary Economists )

Currently the USD serves this purpose ( highly imperfectly but happens to be the least terrible of all other alternatives )

The reason why XRP is rallying is because there ARE a few people in the crypto community who DO understand FUTURE potential for XRP to play this role and given the astronomical potential upside, are willing to throw some BTC and fiat at XRP today just for the privilege of having the option to participate.

P.S. The secondary anti-spam token role can be thought of a minor transitional component of value which will be completely dwarfed in the future by the value as the Liquidity Bridging Asset/Currency

[bytemaster]

If XRP gains banking legitimacy it becomes a digital token similar to Bitcoin.

In my opinion XRP and Ripple have earned this.   They have been a going concern for almost 3 years (more?) and their market / product is maturing.   

Ripple solves a different problem and is the most centralized crypto with the least privacy.   

[matt608]

To me the Ripple rally is a show of what can happen.  A crypto-god stirs, which other mighty creatures will rise from this amazing technology.  Bitshares?  I think so.

 Ripple is aptly named.  That's what it is in comparison to the next Tsunami wave of the cryptocalypse which will come soon to engulf the world.

[monsterer]

IIRC only very tiny amounts are burned

Do you know what the mechanism is?

[xeroc]

IIRC only very tiny amounts are burned

[monsterer]

I totally agree with svk and mf-tzo .. In contrast to bts .. the xrp "DAC" is not really profitable ..

Refresh my memory - so the XRP are just for DDOS protection? They don't back any currencies, they don't pay dividends.... But, they are burnt in some way, aren't they?

[cass]

Let's sit back and grab some pop corn

  LOL

[xeroc]

I totally agree with svk and mf-tzo .. In contrast to bts .. the xrp "DAC" is not really profitable ..

Let's sit back and grab some pop corn

[hpenvy]

Glad I've been dumping heavy today. 

[mf-tzo]

I am pretty sure that all banks will use ripple in the future. I still don't understand that even if that is the case why XRP will have any value...