Author Topic: Ripple approaching $2 billion mkt cap  (Read 1405 times)

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Offline Helikopterben

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Ripple is basically a patch to fix ACH, SWIFT, ect in the legacy banking system.  This should work for a while but as the legacy banking system loses relevance, so should ripple.  IMO the legacy system will eventually be completely replaced and that is where bitshares will shine.

Offline kisa

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Ripple has sofar mostly targeted banking industry to replace SWIFT and it could become complementary to BTS, without making one of the platforms obsolete. Also a chance that XRP could grow into stateless worldwide reserve currency in a few decades. I think any 2.0 crypto rise is rather beneficial to BitShares, as it draws more serious institutional attention to the sector. Higher market cap imho simply reflects the fact that Ripple is more mature system than BTS. Nevertheless, a few month ago, they had serious issues wrt to dev team stability and initial distribution...

https://bitsharestalk.org/index.php?topic=11636.0;all
« Last Edit: December 16, 2014, 06:12:12 am by kisa »

Offline pendragon3

Anyone who is even a casual observer of Coinmarketcap has seen that Ripple has been on a very strong uptrend over the past month or so, even as Bitcoin and nearly all other cryptos have languished.

If you consider all of the XRP ripple currency units (most are not necessarily freely traded, but they are outstanding), the market cap is nearing $2 billion. That's almost fifty times (50x) the market capitalization of BitShares.  :o

Maybe Ripple is on a trajectory to displace Bitcoin as #1. Maybe BTSers should be alarmed and just a little worried. Thoughts?