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38PTSWarrior

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Re: Ripple Deal
« Reply #1 on: September 24, 2014, 02:45:32 PM »
Real big news, Ripple made it. This Fidor Bank sounds good, I only hear good things about them.

Offline Empirical1.1

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Re: Ripple Deal
« Reply #2 on: September 24, 2014, 03:21:00 PM »
It seems the Fidor-Ripple announcent on May 05 mentioned in article was good for a short term 20%+ gain. This announcement sounds better but I'm too lazy to look into it more/trade.
« Last Edit: September 24, 2014, 03:22:42 PM by Empirical1.1 »

Offline cass

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Re: Ripple Deal
« Reply #3 on: September 24, 2014, 03:27:17 PM »
yup fidor bank is very service and crypto oriented. 
█║▌║║█  - - -  The quieter you become, the more you are able to hear  - - -  █║▌║║█

Offline Mysto

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Re: Ripple Deal
« Reply #4 on: September 24, 2014, 03:44:56 PM »
Real big news, Ripple made it. This Fidor Bank sounds good, I only hear good things about them.

well,they've separated payment service(ripple protocol) from crypto(XRP),so it's easy to let the bank to use Ripple Protocol just like the banks use "okpay" "perfectmoney" "paypal" ...etc,it's a service base on centralized trust.

It's easy to use the Ripple Protocol news to pump the XRP.But their value is not the the same.
+5%

Offline oldman

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Re: Ripple Deal
« Reply #5 on: September 24, 2014, 03:52:03 PM »
Can someone ELI5 Ripple?

What does this do for the bank or it's customers?

Is it just a cheap way to move funds from A to B?

Offline xeroc

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Re: Ripple Deal
« Reply #6 on: September 24, 2014, 04:05:55 PM »
Is it just a cheap way to move funds from A to B?
*confirmed*
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Offline luckybit

Re: Ripple Deal
« Reply #7 on: September 24, 2014, 05:08:14 PM »
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline oldman

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Re: Ripple Deal
« Reply #8 on: September 24, 2014, 05:20:18 PM »
Is it just a cheap way to move funds from A to B?
*confirmed*
Can someone ELI5 Ripple?

What does this do for the bank or it's customers?

Is it just a cheap way to move funds from A to B?

yes,move A to B,without expensive SWIFT network.
saving fee.
And can be regulated by the government.(KYC policy).

Much appreciated, thank you.

Offline donkeypong

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Re: Ripple Deal
« Reply #9 on: September 24, 2014, 05:55:59 PM »
http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/

Strong isn't it?

That is why we need Ripple.

The crypto community hates Ripple, though. Don't we get painted with the same brush if we do any deals with them? Is it that impossible to cover the same ground with these banks as they do?

Offline Ander

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Re: Ripple Deal
« Reply #10 on: September 24, 2014, 07:12:16 PM »
Ripple really frustrates me, because I think it is a solid idea, and I would like to buy some, but the founders kept the vast majority of the XRP for themselves.  Used to be listed on coinmarketcap as 8.9 billion XRP supply.  Then they released 20B more and the market cap magically triples.  And they still have another 72B to go in the future.  I'm just not going to buy in to this thing and wait to get dumped on in the future by the founders.
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Offline luckybit

Re: Ripple Deal
« Reply #11 on: September 24, 2014, 08:05:44 PM »
http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/

Strong isn't it?

That is why we need Ripple.

The crypto community hates Ripple, though. Don't we get painted with the same brush if we do any deals with them? Is it that impossible to cover the same ground with these banks as they do?

I don't hate Ripple. I'm not guided by politics. I suggest the crypto community which irrationally hates Ripple conduct a SWOT analysis of all major technologies and see where Ripple stands.

As a technology Ripple is pretty good and it's value is high because it also has a high quality social network around the technology. Relationships matter and this includes who you hire, who your friends are, where they worked prior to being hired by you has a lot to do with this.

So Bitcoin for instance is connected to Google because it hired/adopted Mike Hearn. Litecoin is connected to Google because it hired/adopted Charlie Lee.  Social network analysis can reveal why Ripple is socially valuable because social networks are commodities.
« Last Edit: September 24, 2014, 08:08:38 PM by luckybit »
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Offline luckybit

Re: Ripple Deal
« Reply #12 on: September 24, 2014, 08:16:03 PM »
Ripple really frustrates me, because I think it is a solid idea, and I would like to buy some, but the founders kept the vast majority of the XRP for themselves.  Used to be listed on coinmarketcap as 8.9 billion XRP supply.  Then they released 20B more and the market cap magically triples.  And they still have another 72B to go in the future.  I'm just not going to buy in to this thing and wait to get dumped on in the future by the founders.

The value of Ripple is not XRP. The value of Ripple is it's relationships with the banking industry and regulators. Ripple is a company which built up it's value on it's relationships and this deal and many others in the future will be the result of those relationships. Ripple is also the best technology as this time for integration into the traditional banking system so if you look at their long term strategy it is quite good while the technology is also fairly future proof compared to Bitcoin/Litecoin.

People get confused about Ripple because of XRP. XRP wasn't supposed to be part of Ripple in the beginning. Also people get confused because the tactic of Ripple is to integrate into the establishment while the desire of many Bitcoin/Litecoin rebels is to buck the establishment.
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Offline Ander

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Re: Ripple Deal
« Reply #13 on: September 24, 2014, 09:13:51 PM »

The value of Ripple is not XRP. The value of Ripple is it's relationships with the banking industry and regulators. Ripple is a company which built up it's value on it's relationships and this deal and many others in the future will be the result of those relationships. Ripple is also the best technology as this time for integration into the traditional banking system so if you look at their long term strategy it is quite good while the technology is also fairly future proof compared to Bitcoin/Litecoin.

People get confused about Ripple because of XRP. XRP wasn't supposed to be part of Ripple in the beginning. Also people get confused because the tactic of Ripple is to integrate into the establishment while the desire of many Bitcoin/Litecoin rebels is to buck the establishment.


Which basically means that there isn't any way for any of us to get in on it.  Which frustrates my attempts to hedge into any crypto 2.0 coin that might have the potential to 'win'.
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Offline lucky331

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Re: Ripple Deal
« Reply #14 on: September 25, 2014, 12:21:51 AM »
http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/

Strong isn't it?

That is why we need Ripple.

The crypto community hates Ripple, though. Don't we get painted with the same brush if we do any deals with them? Is it that impossible to cover the same ground with these banks as they do?

why not partner with stellar then?  they got the same tech and a better roadmap going forward dev-wise imo.

https://github.com/stellar/stellard/blob/master/Roadmap.md

 

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